PEEPING TOM: what changed
Two fiscal 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.
PEEPING TOM
Largest movements
- Deferred charges and accrued income -€224,211
down €224,211 (-93.3%), from €240,198 to €15,987
- Receivables within one year +€201,994
up €201,994 (+119.7%), from €168,808 to €370,802
of which Trade receivables: +€106,338
- Cash +€115,061
up €115,061 (+127.7%), from €90,102 to €205,163
mainly Deferred charges and accrued income (+€224,211) and Net result for the year (+€121,473)
- Tangible fixed assets -€12,158
down €12,158 (-14.0%), from €86,930 to €74,772
of which Other tangible fixed assets: -€14,237
- Profit (loss) carried forward +€121,473
up €121,473 (+98.9%), from €122,763 to €244,236
- Accrued charges and deferred income -€89,970
down €89,970 (-59.4%), from €151,499 to €61,529
- Tax, wage and social debts +€36,633
up €36,633 (+32.8%), from €111,736 to €148,369
of which Remuneration and social security: +€32,791
- Trade debts +€16,955
up €16,955 (+11.0%), from €153,556 to €170,511
- Investment grants -€8,272
down €8,272 (-27.6%), from €30,021 to €21,749
- Gross operating margin +€256,553
up €256,553 (+24.0%), from €1.1m to €1.3m
- Staff costs +€173,970
up €173,970 (+17.6%), from €987,464 to €1.2m
- Other operating charges -€24,703
down €24,703 (-99.1%), from €24,918 to €215
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 | €609,165 | €682,597 | +€73,432 | +12.1% |
| Fixed assets | 21/28 | €107,634 | €89,755 | -€17,879 | -16.6% |
| Intangible fixed assets | 21 | €18,303 | €13,983 | -€4,320 | -23.6% |
| Tangible fixed assets | 22/27 | €86,930 | €74,772 | -€12,158 | -14.0% |
| Plant, machinery and equipment | 23 | €19,289 | €20,465 | +€1,176 | +6.1% |
| Furniture and vehicles | 24 | €10,695 | €11,598 | +€902 | +8.4% |
| Other tangible fixed assets | 26 | €56,946 | €42,710 | -€14,237 | -25.0% |
| Financial fixed assets | 28 | €2,400 | €1,000 | -€1,400 | -58.3% |
| Current assets | 29/58 | €501,531 | €592,842 | +€91,311 | +18.2% |
| Stocks and contracts in progress | 3 | €2,423 | €890 | -€1,533 | -63.3% |
| Stocks | 30/36 | €2,423 | €890 | -€1,533 | -63.3% |
| Amounts receivable within one year | 40/41 | €168,808 | €370,802 | +€201,994 | +119.7% |
| Trade receivables | 40 | €137,062 | €243,400 | +€106,338 | +77.6% |
| Other amounts receivable | 41 | €31,746 | €127,402 | +€95,656 | +301.3% |
| Cash at bank and in hand | 54/58 | €90,102 | €205,163 | +€115,061 | +127.7% |
| Deferred charges and accrued income | 490/1 | €240,198 | €15,987 | -€224,211 | -93.3% |
| Total equity and liabilities | 10/49 | €609,165 | €682,597 | +€73,432 | +12.1% |
| Equity | 10/15 | €179,852 | €293,053 | +€113,201 | +62.9% |
| Contributions | 10/11 | €27,068 | €27,068 | = | 0.0% |
| Capital | 10 | €27,068 | €27,068 | = | 0.0% |
| Profit (loss) carried forward | 14 | €122,763 | €244,236 | +€121,473 | +98.9% |
| Investment grants | 15 | €30,021 | €21,749 | -€8,272 | -27.6% |
| Provisions and deferred taxes | 16 | €12,522 | €9,136 | -€3,386 | -27.0% |
| Deferred taxes | 168 | €12,522 | €9,136 | -€3,386 | -27.0% |
| Amounts payable | 17/49 | €416,791 | €380,408 | -€36,383 | -8.7% |
| Amounts payable within one year | 42/48 | €265,292 | €318,880 | +€53,588 | +20.2% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €153,556 | €170,511 | +€16,955 | +11.0% |
| Suppliers | 440/4 | €153,556 | €170,511 | +€16,955 | +11.0% |
| Taxes, remuneration and social security | 45 | €111,736 | €148,369 | +€36,633 | +32.8% |
| Taxes | 450/3 | €15,972 | €19,814 | +€3,842 | +24.1% |
| Remuneration and social security | 454/9 | €95,764 | €128,555 | +€32,791 | +34.2% |
| Accrued charges and deferred income | 492/3 | €151,499 | €61,529 | -€89,970 | -59.4% |
| Non-recurring operating income | 76A | €745 | €0 | -€745 | -100.0% |
| Remuneration, social security and pensions | 62 | €987,464 | €1,161,434 | +€173,970 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,096 | €28,797 | +€702 | +2.5% |
| Other operating charges | 640/8 | €24,918 | €215 | -€24,703 | -99.1% |
| Non-recurring operating charges | 66A | €29 | €1,238 | +€1,210 | +4243.9% |
| Gross operating margin | 9900 | €1,069,250 | €1,325,803 | +€256,553 | +24.0% |
| Operating profit (loss) | 9901 | €28,744 | €134,118 | +€105,374 | +366.6% |
| Financial income | 75/76B | €454 | €607 | +€153 | +33.8% |
| Recurring financial income | 75 | €454 | €607 | +€153 | +33.8% |
| Financial charges | 65/66B | €16,847 | €16,638 | -€209 | -1.2% |
| Recurring financial charges | 65 | €16,847 | €16,638 | -€209 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €12,351 | €118,087 | +€105,736 | +856.1% |
| Transfer from deferred taxes | 780 | €3,631 | €3,386 | -€245 | -6.8% |
| Profit (loss) for the period | 9904 | €15,982 | €121,473 | +€105,491 | +660.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,982 | €121,473 | +€105,491 | +660.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.