Peer: 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.
Peer
Largest movements
- Cash -€150,378
down €150,378 (-91.2%), from €164,860 to €14,482
mainly Debts after one year (-€648,687) and Receivables within one year (-€22,605)
- Receivables within one year +€22,605
up €22,605 (+293.6%), from €7,700 to €30,305
of which Trade receivables: +€14,516
- Debts after one year -€648,687
no longer reported in 2025 (was €648,687)
- Contributions +€235,000
up €235,000 (+1263.4%), from €18,600 to €253,600
- Profit (loss) carried forward +€230,599
up €230,599 (+46.5%), from -€496,133 to -€265,534
- Other debts +€54,483
up €54,483 (+327227.3%), from €17 to €54,500
- Trade debts +€2,943
up €2,943 (+540.5%), from €545 to €3,488
- Gross operating margin +€143,001
up €143,001 (+86.5%), from €165,355 to €308,356
- Taxes +€19,343
up €19,343 (+33.5%), from €57,707 to €77,050
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 | €172,560 | €46,054 | -€126,506 | -73.3% |
| Fixed assets | 21/28 | - | €1,267 | +€1,267 | |
| Tangible fixed assets | 22/27 | - | €1,267 | +€1,267 | |
| Furniture and vehicles | 24 | - | €1,267 | +€1,267 | |
| Current assets | 29/58 | €172,560 | €44,787 | -€127,773 | -74.0% |
| Amounts receivable within one year | 40/41 | €7,700 | €30,305 | +€22,605 | +293.6% |
| Trade receivables | 40 | €7,700 | €22,216 | +€14,516 | +188.5% |
| Other amounts receivable | 41 | - | €8,089 | +€8,089 | |
| Cash at bank and in hand | 54/58 | €164,860 | €14,482 | -€150,378 | -91.2% |
| Total equity and liabilities | 10/49 | €172,560 | €46,054 | -€126,506 | -73.3% |
| Equity | 10/15 | -€477,533 | -€11,934 | +€465,599 | +97.5% |
| Contributions | 10/11 | €18,600 | €253,600 | +€235,000 | +1263.4% |
| Capital | 10 | €18,600 | €253,600 | +€235,000 | +1263.4% |
| Issued capital | 100 | €18,600 | €253,600 | +€235,000 | +1263.4% |
| Profit (loss) carried forward | 14 | -€496,133 | -€265,534 | +€230,599 | +46.5% |
| Amounts payable | 17/49 | €650,093 | €57,988 | -€592,105 | -91.1% |
| Amounts payable after more than one year | 17 | €648,687 | - | -€648,687 | |
| Financial debts | 170/4 | €648,687 | - | -€648,687 | |
| Amounts payable within one year | 42/48 | €1,406 | €57,988 | +€56,581 | +4023.1% |
| Trade debts | 44 | €545 | €3,488 | +€2,943 | +540.5% |
| Suppliers | 440/4 | €545 | €3,488 | +€2,943 | +540.5% |
| Taxes, remuneration and social security | 45 | €845 | - | -€845 | |
| Taxes | 450/3 | €845 | - | -€845 | |
| Other amounts payable | 47/48 | €17 | €54,500 | +€54,483 | +327227.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €96 | +€96 | |
| Other operating charges | 640/8 | €716 | €229 | -€487 | -68.0% |
| Gross operating margin | 9900 | €165,355 | €308,356 | +€143,001 | +86.5% |
| Operating profit (loss) | 9901 | €164,638 | €308,031 | +€143,393 | +87.1% |
| Financial charges | 65/66B | €612 | €382 | -€230 | -37.6% |
| Recurring financial charges | 65 | €612 | €382 | -€230 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €164,026 | €307,649 | +€143,623 | +87.6% |
| Income taxes | 67/77 | €57,707 | €77,050 | +€19,343 | +33.5% |
| Profit (loss) for the period | 9904 | €106,319 | €230,599 | +€124,280 | +116.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,319 | €230,599 | +€124,280 | +116.9% |
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 8 October 2026 via checked.be.