PEELTEX: 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.
PEELTEX
Largest movements
- Receivables within one year +€101,476
up €101,476 (+1065.0%), from €9,528 to €111,004
of which Trade receivables: +€95,253
- Intangible fixed assets +€32,514
up €32,514 (+38.9%), from €83,616 to €116,130
- Cash +€25,440
up €25,440 (+69.9%), from €36,382 to €61,822
mainly Debts after one year (+€110,000) and Other debts (+€61,184)
- Tangible fixed assets +€12,423
up €12,423 (+64.7%), from €19,196 to €31,619
of which Plant, machinery and equipment: +€12,231
- Stocks and contracts +€5,225
up €5,225 (+15.1%), from €34,584 to €39,809
- Debts after one year +€110,000
up €110,000 (+44.0%), from €250,000 to €360,000
- Other debts +€61,184
up €61,184 (+1223.7%), from €5,000 to €66,184
- Profit (loss) carried forward -€24,787
down €24,787 (-18.5%), from -€134,050 to -€158,837
- Trade debts +€23,395
up €23,395 (+79.3%), from €29,504 to €52,899
- Tax, wage and social debts +€7,384
up €7,384 (+78.5%), from €9,410 to €16,794
of which Remuneration and social security: +€6,484
- Gross operating margin +€176,924
up €176,924, from -€55,584 to €121,341
- Staff costs +€62,018
up €62,018 (+174.1%), from €35,628 to €97,645
- Depreciation +€20,210
up €20,210 (+213.2%), from €9,478 to €29,688
- Financial charges +€4,476
up €4,476 (+39.5%), from €11,339 to €15,816
- Other operating charges +€1,243
up €1,243 (+75.7%), from €1,642 to €2,885
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 | €185,340 | €362,146 | +€176,807 | +95.4% |
| Fixed assets | 21/28 | €102,812 | €147,749 | +€44,937 | +43.7% |
| Intangible fixed assets | 21 | €83,616 | €116,130 | +€32,514 | +38.9% |
| Tangible fixed assets | 22/27 | €19,196 | €31,619 | +€12,423 | +64.7% |
| Plant, machinery and equipment | 23 | €13,948 | €26,179 | +€12,231 | +87.7% |
| Furniture and vehicles | 24 | €5,248 | €5,440 | +€192 | +3.7% |
| Current assets | 29/58 | €82,528 | €214,397 | +€131,870 | +159.8% |
| Stocks and contracts in progress | 3 | €34,584 | €39,809 | +€5,225 | +15.1% |
| Stocks | 30/36 | €34,584 | €39,809 | +€5,225 | +15.1% |
| Amounts receivable within one year | 40/41 | €9,528 | €111,004 | +€101,476 | +1065.0% |
| Trade receivables | 40 | - | €95,253 | +€95,253 | |
| Other amounts receivable | 41 | €9,528 | €15,751 | +€6,223 | +65.3% |
| Cash at bank and in hand | 54/58 | €36,382 | €61,822 | +€25,440 | +69.9% |
| Deferred charges and accrued income | 490/1 | €2,033 | €1,762 | -€272 | -13.4% |
| Total equity and liabilities | 10/49 | €185,340 | €362,146 | +€176,807 | +95.4% |
| Equity | 10/15 | -€109,050 | -€133,837 | -€24,787 | -22.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134,050 | -€158,837 | -€24,787 | -18.5% |
| Amounts payable | 17/49 | €294,389 | €495,983 | +€201,593 | +68.5% |
| Amounts payable after more than one year | 17 | €250,000 | €360,000 | +€110,000 | +44.0% |
| Financial debts | 170/4 | €250,000 | €360,000 | +€110,000 | +44.0% |
| Amounts payable within one year | 42/48 | €44,389 | €135,877 | +€91,487 | +206.1% |
| Trade debts | 44 | €29,504 | €52,899 | +€23,395 | +79.3% |
| Suppliers | 440/4 | €29,504 | €52,899 | +€23,395 | +79.3% |
| Advances received on contracts in progress | 46 | €475 | €0 | -€475 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,410 | €16,794 | +€7,384 | +78.5% |
| Taxes | 450/3 | €736 | €1,635 | +€900 | +122.3% |
| Remuneration and social security | 454/9 | €8,675 | €15,159 | +€6,484 | +74.7% |
| Other amounts payable | 47/48 | €5,000 | €66,184 | +€61,184 | +1223.7% |
| Accrued charges and deferred income | 492/3 | - | €106 | +€106 | |
| Remuneration, social security and pensions | 62 | €35,628 | €97,645 | +€62,018 | +174.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,478 | €29,688 | +€20,210 | +213.2% |
| Other operating charges | 640/8 | €1,642 | €2,885 | +€1,243 | +75.7% |
| Non-recurring operating charges | 66A | €20,708 | €0 | -€20,708 | -100.0% |
| Gross operating margin | 9900 | -€55,584 | €121,341 | +€176,924 | |
| Operating profit (loss) | 9901 | -€123,039 | -€8,877 | +€114,162 | +92.8% |
| Financial income | 75/76B | €328 | €121 | -€208 | -63.2% |
| Recurring financial income | 75 | €328 | €121 | -€208 | -63.2% |
| Financial charges | 65/66B | €11,339 | €15,816 | +€4,476 | +39.5% |
| Recurring financial charges | 65 | €11,339 | €15,816 | +€4,476 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | -€134,050 | -€24,572 | +€109,478 | +81.7% |
| Income taxes | 67/77 | - | €215 | +€215 | |
| Profit (loss) for the period | 9904 | -€134,050 | -€24,787 | +€109,263 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,050 | -€24,787 | +€109,263 | +81.5% |
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 11 October 2026 via checked.be.