PEENE KEVIN: 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.
PEENE KEVIN
Largest movements
- Cash +€81,079
up €81,079 (+732%), from €11,081 to €92,160
mainly Net result for the year (+€65,788) and Investment in fixed assets (net) (+€14,335)
- Receivables within one year -€10,334
down €10,334 (-36.2%), from €28,521 to €18,187
of which Trade receivables: -€7,679
- Financial fixed assets -€9,300
no longer reported in 2025 (was €9,300)
- Tangible fixed assets -€7,108
down €7,108 (-54.8%), from €12,964 to €5,856
of which Furniture and vehicles: -€6,947
- Reserves +€64,843
up €64,843 (+146%), from €44,266 to €109,109
of which Distributable reserves: +€65,788
- Tax, wage and social debts -€5,670
down €5,670 (-45.2%), from €12,538 to €6,868
of which Taxes: -€7,470
- Current portion of long-term debt -€5,430
no longer reported in 2025 (was €5,430)
- Financial income +€81,703
up €81,703 (+33,177%), from €246 to €81,949
of which Non-recurring financial income: +€81,484
- Gross operating margin -€11,495
down €11,495 (-92.0%), from €12,498 to €1,003
- Other operating charges +€7,884
up €7,884 (+2,853%), from €276 to €8,160
- Taxes +€6,415
up €6,415 (+1,901%), from €337 to €6,752
- Depreciation -€566
down €566 (-21.5%), from €2,639 to €2,073
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 | €61,866 | €116,203 | +€54,337 | +87.8% |
| Fixed assets | 21/28 | €22,264 | €5,856 | -€16,408 | -73.7% |
| Tangible fixed assets | 22/27 | €12,964 | €5,856 | -€7,108 | -54.8% |
| Land and buildings | 22 | €1,265 | €1,104 | -€161 | -12.7% |
| Furniture and vehicles | 24 | €11,700 | €4,753 | -€6,947 | -59.4% |
| Financial fixed assets | 28 | €9,300 | - | -€9,300 | |
| Current assets | 29/58 | €39,601 | €110,347 | +€70,745 | +179% |
| Amounts receivable within one year | 40/41 | €28,521 | €18,187 | -€10,334 | -36.2% |
| Trade receivables | 40 | €13,228 | €5,549 | -€7,679 | -58.1% |
| Other amounts receivable | 41 | €15,293 | €12,638 | -€2,655 | -17.4% |
| Cash at bank and in hand | 54/58 | €11,081 | €92,160 | +€81,079 | +732% |
| Total equity and liabilities | 10/49 | €61,866 | €116,203 | +€54,337 | +87.8% |
| Equity | 10/15 | €31,231 | €96,074 | +€64,843 | +208% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,266 | €109,109 | +€64,843 | +146% |
| Non-distributable reserves | 130/1 | €2,805 | €1,860 | -€945 | -33.7% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Own shares acquired | 1312 | €945 | - | -€945 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €41,461 | €107,249 | +€65,788 | +159% |
| Profit (loss) carried forward | 14 | -€19,235 | -€19,235 | = | 0.0% |
| Amounts payable | 17/49 | €30,634 | €20,129 | -€10,505 | -34.3% |
| Amounts payable within one year | 42/48 | €30,634 | €20,129 | -€10,505 | -34.3% |
| Current portion of amounts payable after more than one year | 42 | €5,430 | - | -€5,430 | |
| Trade debts | 44 | €12,666 | €13,261 | +€595 | +4.7% |
| Suppliers | 440/4 | €12,666 | €13,261 | +€595 | +4.7% |
| Taxes, remuneration and social security | 45 | €12,538 | €6,868 | -€5,670 | -45.2% |
| Taxes | 450/3 | €12,538 | €5,068 | -€7,470 | -59.6% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Non-recurring operating income | 76A | - | €395 | +€395 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,639 | €2,073 | -€566 | -21.5% |
| Other operating charges | 640/8 | €276 | €8,160 | +€7,884 | +2,853% |
| Gross operating margin | 9900 | €12,498 | €1,003 | -€11,495 | -92.0% |
| Operating profit (loss) | 9901 | €9,582 | -€9,230 | -€18,812 | |
| Financial income | 75/76B | €246 | €81,949 | +€81,703 | +33,177% |
| Recurring financial income | 75 | €246 | €465 | +€219 | +89.0% |
| Non-recurring financial income | 76B | - | €81,484 | +€81,484 | |
| Financial charges | 65/66B | €146 | €179 | +€33 | +22.8% |
| Recurring financial charges | 65 | €146 | €179 | +€33 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €9,682 | €72,540 | +€62,857 | +649% |
| Income taxes | 67/77 | €337 | €6,752 | +€6,415 | +1,901% |
| Profit (loss) for the period | 9904 | €9,345 | €65,788 | +€56,443 | +604% |
| Profit (loss) for the period to be appropriated | 9905 | €9,345 | €65,788 | +€56,443 | +604% |
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 24 October 2026 via checked.be.