PEEL &CO: 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 &CO
Largest movements
- Cash +€68,041
up €68,041 (+228%), from €29,786 to €97,827
mainly Other debts (+€85,250) and Receivables within one year (+€41,015)
- Receivables within one year -€41,015
down €41,015 (-93.9%), from €43,702 to €2,687
of which Trade receivables: -€43,602
- Deferred charges and accrued income +€4,342
up €4,342 (+1,212%), from €358 to €4,701
- Tangible fixed assets +€1,683
up €1,683 (+13.1%), from €12,850 to €14,533
- Intangible fixed assets +€1,302
new in 2025: €1,302
- Other debts +€85,250
up €85,250 (+34,118%), from €250 to €85,500
- Profit (loss) carried forward -€64,650
down €64,650 (-97.4%), from €66,383 to €1,733
- Debts after one year +€7,210
new in 2025: €7,210
- Trade debts +€6,019
up €6,019 (+211%), from €2,846 to €8,865
- Current portion of long-term debt +€4,515
new in 2025: €4,515
- Gross operating margin +€28,354
up €28,354 (+673%), from €4,213 to €32,568
- Taxes +€4,400
up €4,400 (+1,602%), from €275 to €4,675
- Depreciation -€2,883
down €2,883 (-36.7%), from €7,860 to €4,978
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.
Derived cash bridge
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 | €86,697 | €121,050 | +€34,353 | +39.6% |
| Fixed assets | 21/28 | €12,850 | €15,834 | +€2,985 | +23.2% |
| Intangible fixed assets | 21 | - | €1,302 | +€1,302 | |
| Tangible fixed assets | 22/27 | €12,850 | €14,533 | +€1,683 | +13.1% |
| Furniture and vehicles | 24 | €12,850 | €14,533 | +€1,683 | +13.1% |
| Current assets | 29/58 | €73,847 | €105,215 | +€31,369 | +42.5% |
| Amounts receivable within one year | 40/41 | €43,702 | €2,687 | -€41,015 | -93.9% |
| Trade receivables | 40 | €43,702 | €100 | -€43,602 | -99.8% |
| Other amounts receivable | 41 | €0 | €2,587 | +€2,587 | |
| Cash at bank and in hand | 54/58 | €29,786 | €97,827 | +€68,041 | +228% |
| Deferred charges and accrued income | 490/1 | €358 | €4,701 | +€4,342 | +1,212% |
| Total equity and liabilities | 10/49 | €86,697 | €121,050 | +€34,353 | +39.6% |
| Equity | 10/15 | €70,383 | €5,733 | -€64,650 | -91.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,383 | €1,733 | -€64,650 | -97.4% |
| Amounts payable | 17/49 | €16,313 | €115,317 | +€99,003 | +607% |
| Amounts payable after more than one year | 17 | - | €7,210 | +€7,210 | |
| Financial debts | 170/4 | - | €7,210 | +€7,210 | |
| Amounts payable within one year | 42/48 | €14,879 | €106,830 | +€91,950 | +618% |
| Current portion of amounts payable after more than one year | 42 | - | €4,515 | +€4,515 | |
| Trade debts | 44 | €2,846 | €8,865 | +€6,019 | +211% |
| Suppliers | 440/4 | €2,846 | €8,865 | +€6,019 | +211% |
| Taxes, remuneration and social security | 45 | €11,784 | €7,949 | -€3,834 | -32.5% |
| Taxes | 450/3 | €11,784 | €7,949 | -€3,834 | -32.5% |
| Other amounts payable | 47/48 | €250 | €85,500 | +€85,250 | +34,118% |
| Accrued charges and deferred income | 492/3 | €1,434 | €1,277 | -€157 | -10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,860 | €4,978 | -€2,883 | -36.7% |
| Other operating charges | 640/8 | €1,492 | €1,391 | -€101 | -6.8% |
| Gross operating margin | 9900 | €4,213 | €32,568 | +€28,354 | +673% |
| Operating profit (loss) | 9901 | -€5,139 | €26,200 | +€31,339 | |
| Financial income | 75/76B | €2 | €67 | +€65 | +3,272% |
| Recurring financial income | 75 | €2 | €67 | +€65 | +3,272% |
| Financial charges | 65/66B | €717 | €742 | +€26 | +3.6% |
| Recurring financial charges | 65 | €717 | €742 | +€26 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,853 | €25,525 | +€31,378 | |
| Income taxes | 67/77 | €275 | €4,675 | +€4,400 | +1,602% |
| Profit (loss) for the period | 9904 | -€6,128 | €20,850 | +€26,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,128 | €20,850 | +€26,978 |
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 22 October 2026 via checked.be.