PEEP: 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.
PEEP
Largest movements
- Intangible fixed assets +€50,978
new in 2025: €50,978
- Tangible fixed assets +€19,719
up €19,719 (+144.9%), from €13,611 to €33,330
of which Furniture and vehicles: +€24,857
- Cash +€18,071
up €18,071 (+24.7%), from €73,022 to €91,093
mainly Trade debts (+€36,225) and Net result for the year (+€30,406)
- Deferred charges and accrued income -€3,454
down €3,454 (-25.2%), from €13,682 to €10,228
- Trade debts +€36,225
up €36,225 (+158.5%), from €22,855 to €59,080
- Profit (loss) carried forward +€30,406
up €30,406 (+43.5%), from -€69,922 to -€39,515
- Other debts +€22,198
up €22,198 (+541.3%), from €4,101 to €26,299
- Tax, wage and social debts -€4,128
down €4,128 (-26.6%), from €15,493 to €11,364
- Gross operating margin +€54,422
up €54,422 (+759.4%), from €7,167 to €61,589
- Taxes +€16,896
up €16,896 (+9214.9%), from €183 to €17,079
- Depreciation +€4,350
up €4,350 (+74.9%), from €5,807 to €10,157
- Financial charges +€905
up €905 (+114.9%), from €787 to €1,692
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 | €159,640 | €245,304 | +€85,664 | +53.7% |
| Fixed assets | 21/28 | €13,930 | €84,308 | +€70,377 | +505.2% |
| Intangible fixed assets | 21 | - | €50,978 | +€50,978 | |
| Tangible fixed assets | 22/27 | €13,611 | €33,330 | +€19,719 | +144.9% |
| Land and buildings | 22 | €1,205 | - | -€1,205 | |
| Plant, machinery and equipment | 23 | €10,706 | €6,773 | -€3,933 | -36.7% |
| Furniture and vehicles | 24 | €1,700 | €26,557 | +€24,857 | +1462.5% |
| Financial fixed assets | 28 | €319 | - | -€319 | |
| Current assets | 29/58 | €145,710 | €160,997 | +€15,287 | +10.5% |
| Amounts receivable within one year | 40/41 | €59,007 | €59,675 | +€669 | +1.1% |
| Trade receivables | 40 | €53,445 | €53,408 | -€38 | -0.1% |
| Other amounts receivable | 41 | €5,561 | €6,268 | +€707 | +12.7% |
| Cash at bank and in hand | 54/58 | €73,022 | €91,093 | +€18,071 | +24.7% |
| Deferred charges and accrued income | 490/1 | €13,682 | €10,228 | -€3,454 | -25.2% |
| Total equity and liabilities | 10/49 | €159,640 | €245,304 | +€85,664 | +53.7% |
| Equity | 10/15 | €117,078 | €147,485 | +€30,406 | +26.0% |
| Contributions | 10/11 | €170,000 | €170,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,922 | -€39,515 | +€30,406 | +43.5% |
| Amounts payable | 17/49 | €42,562 | €97,820 | +€55,258 | +129.8% |
| Amounts payable within one year | 42/48 | €42,449 | €96,743 | +€54,295 | +127.9% |
| Trade debts | 44 | €22,855 | €59,080 | +€36,225 | +158.5% |
| Suppliers | 440/4 | €22,855 | €59,080 | +€36,225 | +158.5% |
| Taxes, remuneration and social security | 45 | €15,493 | €11,364 | -€4,128 | -26.6% |
| Taxes | 450/3 | €15,493 | €11,364 | -€4,128 | -26.6% |
| Other amounts payable | 47/48 | €4,101 | €26,299 | +€22,198 | +541.3% |
| Accrued charges and deferred income | 492/3 | €113 | €1,076 | +€963 | +849.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,807 | €10,157 | +€4,350 | +74.9% |
| Other operating charges | 640/8 | €1,796 | €1,651 | -€145 | -8.1% |
| Non-recurring operating charges | 66A | €1,101 | €1,205 | +€105 | +9.5% |
| Gross operating margin | 9900 | €7,167 | €61,589 | +€54,422 | +759.4% |
| Operating profit (loss) | 9901 | -€1,537 | €48,576 | +€50,113 | |
| Financial income | 75/76B | €1,001 | €601 | -€399 | -39.9% |
| Recurring financial income | 75 | €1,001 | €601 | -€399 | -39.9% |
| Financial charges | 65/66B | €787 | €1,692 | +€905 | +114.9% |
| Recurring financial charges | 65 | €787 | €1,692 | +€905 | +114.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,324 | €47,485 | +€48,809 | |
| Income taxes | 67/77 | €183 | €17,079 | +€16,896 | +9214.9% |
| Profit (loss) for the period | 9904 | -€1,507 | €30,406 | +€31,914 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,507 | €30,406 | +€31,914 |
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 10 October 2026 via checked.be.