PEER: 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.
PEER
Largest movements
- Stocks and contracts +€22,332
up €22,332 (+3.5%), from €633,739 to €656,070
- Profit (loss) carried forward +€7,664
up €7,664 (+6.8%), from €112,388 to €120,052
- Trade debts +€7,291
up €7,291 (+13.2%), from €55,154 to €62,445
- Gross operating margin -€18,826
down €18,826 (-55.3%), from €34,019 to €15,193
- Other operating charges -€3,133
down €3,133 (-77.8%), from €4,027 to €894
- Taxes -€2,465
down €2,465 (-52.4%), from €4,706 to €2,241
- Financial charges -€1,797
down €1,797 (-59.5%), from €3,018 to €1,222
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 | €655,604 | €665,825 | +€10,222 | +1.6% |
| Fixed assets | 21/28 | €9,696 | €6,496 | -€3,200 | -33.0% |
| Tangible fixed assets | 22/27 | €9,696 | €6,496 | -€3,200 | -33.0% |
| Land and buildings | 22 | €9,000 | €6,000 | -€3,000 | -33.3% |
| Plant, machinery and equipment | 23 | €696 | €496 | -€200 | -28.7% |
| Current assets | 29/58 | €645,907 | €659,329 | +€13,422 | +2.1% |
| Stocks and contracts in progress | 3 | €633,739 | €656,070 | +€22,332 | +3.5% |
| Stocks | 30/36 | €633,739 | €656,070 | +€22,332 | +3.5% |
| Amounts receivable within one year | 40/41 | €153 | - | -€153 | |
| Other amounts receivable | 41 | €153 | - | -€153 | |
| Cash at bank and in hand | 54/58 | €8,059 | €3,054 | -€5,005 | -62.1% |
| Deferred charges and accrued income | 490/1 | €3,956 | €204 | -€3,752 | -94.8% |
| Total equity and liabilities | 10/49 | €655,604 | €665,825 | +€10,222 | +1.6% |
| Equity | 10/15 | €163,669 | €171,333 | +€7,664 | +4.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,689 | €32,689 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,689 | €32,689 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,689 | €32,689 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,388 | €120,052 | +€7,664 | +6.8% |
| Amounts payable | 17/49 | €491,934 | €494,492 | +€2,558 | +0.5% |
| Amounts payable within one year | 42/48 | €491,934 | €494,492 | +€2,558 | +0.5% |
| Financial debts | 43 | €124,649 | €118,935 | -€5,714 | -4.6% |
| Other loans | 439 | €124,649 | €118,935 | -€5,714 | -4.6% |
| Trade debts | 44 | €55,154 | €62,445 | +€7,291 | +13.2% |
| Suppliers | 440/4 | €55,154 | €62,445 | +€7,291 | +13.2% |
| Taxes, remuneration and social security | 45 | €27,645 | €28,405 | +€761 | +2.8% |
| Taxes | 450/3 | €27,645 | €28,405 | +€761 | +2.8% |
| Other amounts payable | 47/48 | €284,487 | €284,707 | +€220 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,200 | €3,200 | = | 0.0% |
| Other operating charges | 640/8 | €4,027 | €894 | -€3,133 | -77.8% |
| Gross operating margin | 9900 | €34,019 | €15,193 | -€18,826 | -55.3% |
| Operating profit (loss) | 9901 | €26,792 | €11,099 | -€15,693 | -58.6% |
| Financial income | 75/76B | €0 | €27 | +€27 | +136850.0% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +136850.0% |
| Financial charges | 65/66B | €3,018 | €1,222 | -€1,797 | -59.5% |
| Recurring financial charges | 65 | €3,018 | €1,222 | -€1,797 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €23,774 | €9,905 | -€13,869 | -58.3% |
| Income taxes | 67/77 | €4,706 | €2,241 | -€2,465 | -52.4% |
| Profit (loss) for the period | 9904 | €19,068 | €7,664 | -€11,404 | -59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,068 | €7,664 | -€11,404 | -59.8% |
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.