Peel: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Peel
Largest movements
- Receivables within one year -€16,367
down €16,367 (-31.4%), from €52,183 to €35,816
of which Trade receivables: -€15,055
- Deferred charges and accrued income +€927
up €927 (+157.7%), from €588 to €1,514
- Other debts -€71,378
down €71,378 (-35.5%), from €200,943 to €129,565
- Profit (loss) carried forward +€45,334
up €45,334 (+18.9%), from -€240,293 to -€194,959
- Tax, wage and social debts +€7,338
up €7,338 (+65.2%), from €11,249 to €18,587
of which Taxes: +€7,153
- Trade debts +€2,612
up €2,612 (+10.3%), from €25,327 to €27,939
- Turnover +€107,021
up €107,021 (+48.0%), from €223,025 to €330,046
- Gross operating margin +€103,840
up €103,840 (+238.0%), from €43,634 to €147,474
- Staff costs +€3,729
up €3,729 (+4.3%), from €87,394 to €91,124
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,226 | €43,192 | -€16,034 | -27.1% |
| Fixed assets | 21/28 | €633 | €100 | -€533 | -84.2% |
| Tangible fixed assets | 22/27 | €533 | - | -€533 | |
| Plant, machinery and equipment | 23 | €533 | - | -€533 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €58,593 | €43,092 | -€15,500 | -26.5% |
| Amounts receivable within one year | 40/41 | €52,183 | €35,816 | -€16,367 | -31.4% |
| Trade receivables | 40 | €50,871 | €35,816 | -€15,055 | -29.6% |
| Other amounts receivable | 41 | €1,312 | - | -€1,312 | |
| Cash at bank and in hand | 54/58 | €5,822 | €5,762 | -€60 | -1.0% |
| Deferred charges and accrued income | 490/1 | €588 | €1,514 | +€927 | +157.7% |
| Total equity and liabilities | 10/49 | €59,226 | €43,192 | -€16,034 | -27.1% |
| Equity | 10/15 | -€178,293 | -€132,959 | +€45,334 | +25.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€240,293 | -€194,959 | +€45,334 | +18.9% |
| Provisions and deferred taxes | 16 | - | €60 | +€60 | |
| Provisions for liabilities and charges | 160/5 | - | €60 | +€60 | |
| Pensions and similar obligations | 160 | - | €60 | +€60 | |
| Amounts payable | 17/49 | €237,519 | €176,091 | -€61,428 | -25.9% |
| Amounts payable within one year | 42/48 | €237,519 | €176,091 | -€61,428 | -25.9% |
| Trade debts | 44 | €25,327 | €27,939 | +€2,612 | +10.3% |
| Suppliers | 440/4 | €25,327 | €27,939 | +€2,612 | +10.3% |
| Taxes, remuneration and social security | 45 | €11,249 | €18,587 | +€7,338 | +65.2% |
| Taxes | 450/3 | €615 | €7,768 | +€7,153 | +1163.4% |
| Remuneration and social security | 454/9 | €10,634 | €10,819 | +€185 | +1.7% |
| Other amounts payable | 47/48 | €200,943 | €129,565 | -€71,378 | -35.5% |
| Turnover | 70 | €223,025 | €330,046 | +€107,021 | +48.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,391 | €182,572 | +€3,181 | +1.8% |
| Remuneration, social security and pensions | 62 | €87,394 | €91,124 | +€3,729 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,256 | €533 | -€722 | -57.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60 | +€60 | |
| Other operating charges | 640/8 | €1,046 | €1,004 | -€42 | -4.0% |
| Gross operating margin | 9900 | €43,634 | €147,474 | +€103,840 | +238.0% |
| Operating profit (loss) | 9901 | -€46,062 | €54,753 | +€100,814 | |
| Financial charges | 65/66B | €9,593 | €9,122 | -€471 | -4.9% |
| Recurring financial charges | 65 | €9,593 | €9,122 | -€471 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€55,654 | €45,631 | +€101,285 | |
| Income taxes | 67/77 | €305 | €297 | -€8 | -2.7% |
| Profit (loss) for the period | 9904 | -€55,959 | €45,334 | +€101,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,959 | €45,334 | +€101,293 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.