peer+peper: 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+peper
Largest movements
- Stocks and contracts +€89,013
up €89,013 (+55.3%), from €161,047 to €250,060
- Other debts +€517,036
up €517,036 (+637.6%), from €81,093 to €598,129
- Current portion of long-term debt -€350,000
down €350,000 (-100.0%), from €350,000 to €0
- Reserves -€43,802
down €43,802 (-5.4%), from €811,649 to €767,848
- Accrued charges and deferred income -€27,406
down €27,406 (-72.2%), from €37,973 to €10,567
- Trade debts +€18,871
up €18,871 (+1743.3%), from €1,083 to €19,954
- Financial income -€100,071
down €100,071 (-100.0%), from €100,071 to €0
- Gross operating margin -€71,449
down €71,449, from €48,942 to -€22,507
- Financial charges -€20,202
down €20,202 (-51.7%), from €39,111 to €18,909
- Taxes -€1,557
down €1,557 (-100.0%), from €1,557 to €0
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 | €1,696,798 | €1,811,498 | +€114,700 | +6.8% |
| Fixed assets | 21/28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,500,000 | €1,500,000 | = | 0.0% |
| Current assets | 29/58 | €196,798 | €311,498 | +€114,700 | +58.3% |
| Stocks and contracts in progress | 3 | €161,047 | €250,060 | +€89,013 | +55.3% |
| Stocks | 30/36 | €161,047 | €250,060 | +€89,013 | +55.3% |
| Amounts receivable within one year | 40/41 | €29,886 | €42,671 | +€12,785 | +42.8% |
| Trade receivables | 40 | €10,250 | €0 | -€10,250 | -100.0% |
| Other amounts receivable | 41 | €19,636 | €42,671 | +€23,035 | +117.3% |
| Cash at bank and in hand | 54/58 | €5,866 | €18,767 | +€12,901 | +219.9% |
| Total equity and liabilities | 10/49 | €1,696,798 | €1,811,498 | +€114,700 | +6.8% |
| Equity | 10/15 | €826,649 | €782,848 | -€43,802 | -5.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €811,649 | €767,848 | -€43,802 | -5.4% |
| Distributable reserves | 133 | €811,649 | €767,848 | -€43,802 | -5.4% |
| Amounts payable | 17/49 | €870,149 | €1,028,650 | +€158,501 | +18.2% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €432,176 | €618,083 | +€185,907 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €350,000 | €0 | -€350,000 | -100.0% |
| Trade debts | 44 | €1,083 | €19,954 | +€18,871 | +1743.3% |
| Suppliers | 440/4 | €1,083 | €19,954 | +€18,871 | +1743.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €81,093 | €598,129 | +€517,036 | +637.6% |
| Accrued charges and deferred income | 492/3 | €37,973 | €10,567 | -€27,406 | -72.2% |
| Other operating charges | 640/8 | €2,116 | €2,385 | +€269 | +12.7% |
| Gross operating margin | 9900 | €48,942 | -€22,507 | -€71,449 | |
| Operating profit (loss) | 9901 | €46,825 | -€24,892 | -€71,718 | |
| Financial income | 75/76B | €100,071 | €0 | -€100,071 | -100.0% |
| Recurring financial income | 75 | €100,071 | €0 | -€100,071 | -100.0% |
| Financial charges | 65/66B | €39,111 | €18,909 | -€20,202 | -51.7% |
| Recurring financial charges | 65 | €39,111 | €18,909 | -€20,202 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €107,785 | -€43,802 | -€151,587 | |
| Income taxes | 67/77 | €1,557 | €0 | -€1,557 | -100.0% |
| Profit (loss) for the period | 9904 | €106,228 | -€43,802 | -€150,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,228 | -€43,802 | -€150,030 |
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.