PEERAER: 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.
PEERAER
Largest movements
- Cash -€123,054
down €123,054 (-83.7%), from €147,025 to €23,971
mainly Current investments (-€100,452) and Contributions, distributions and other (-€28,743)
- Current investments +€100,452
up €100,452 (+77.3%), from €130,000 to €230,452
- Receivables within one year +€6,092
up €6,092 (+47.8%), from €12,742 to €18,834
of which Other amounts receivable: +€5,846
- Tangible fixed assets -€3,163
down €3,163 (-35.0%), from €9,041 to €5,878
of which Land and buildings: -€3,937
- Reserves -€17,591
down €17,591 (-6.4%), from €275,585 to €257,994
of which Distributable reserves: -€17,591
- Gross operating margin -€30,002
down €30,002 (-58.9%), from €50,956 to €20,953
- Other operating charges -€8,539
down €8,539 (-93.0%), from €9,179 to €640
- Financial income -€6,503
down €6,503 (-91.1%), from €7,136 to €633
- Taxes -€6,030
down €6,030 (-56.6%), from €10,651 to €4,620
- Depreciation -€692
down €692 (-11.9%), from €5,792 to €5,101
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 | €298,808 | €279,134 | -€19,673 | -6.6% |
| Fixed assets | 21/28 | €9,041 | €5,878 | -€3,163 | -35.0% |
| Tangible fixed assets | 22/27 | €9,041 | €5,878 | -€3,163 | -35.0% |
| Land and buildings | 22 | €8,242 | €4,305 | -€3,937 | -47.8% |
| Plant, machinery and equipment | 23 | €799 | €154 | -€645 | -80.7% |
| Furniture and vehicles | 24 | - | €1,419 | +€1,419 | |
| Current assets | 29/58 | €289,767 | €273,256 | -€16,511 | -5.7% |
| Amounts receivable within one year | 40/41 | €12,742 | €18,834 | +€6,092 | +47.8% |
| Trade receivables | 40 | €7,269 | €7,516 | +€246 | +3.4% |
| Other amounts receivable | 41 | €5,472 | €11,318 | +€5,846 | +106.8% |
| Current investments | 50/53 | €130,000 | €230,452 | +€100,452 | +77.3% |
| Cash at bank and in hand | 54/58 | €147,025 | €23,971 | -€123,054 | -83.7% |
| Total equity and liabilities | 10/49 | €298,808 | €279,134 | -€19,673 | -6.6% |
| Equity | 10/15 | €294,177 | €276,586 | -€17,591 | -6.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €275,585 | €257,994 | -€17,591 | -6.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €273,726 | €256,135 | -€17,591 | -6.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,630 | €2,548 | -€2,082 | -45.0% |
| Amounts payable within one year | 42/48 | €4,630 | €2,548 | -€2,082 | -45.0% |
| Trade debts | 44 | €2,831 | €328 | -€2,503 | -88.4% |
| Suppliers | 440/4 | €2,831 | €328 | -€2,503 | -88.4% |
| Taxes, remuneration and social security | 45 | €1,799 | €2,220 | +€421 | +23.4% |
| Taxes | 450/3 | €1,799 | €2,220 | +€421 | +23.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,792 | €5,101 | -€692 | -11.9% |
| Other operating charges | 640/8 | €9,179 | €640 | -€8,539 | -93.0% |
| Gross operating margin | 9900 | €50,956 | €20,953 | -€30,002 | -58.9% |
| Operating profit (loss) | 9901 | €35,985 | €15,213 | -€20,772 | -57.7% |
| Financial income | 75/76B | €7,136 | €633 | -€6,503 | -91.1% |
| Recurring financial income | 75 | €7,136 | €633 | -€6,503 | -91.1% |
| Financial charges | 65/66B | €80 | €74 | -€6 | -7.6% |
| Recurring financial charges | 65 | €80 | €74 | -€6 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €43,041 | €15,773 | -€27,268 | -63.4% |
| Income taxes | 67/77 | €10,651 | €4,620 | -€6,030 | -56.6% |
| Profit (loss) for the period | 9904 | €32,390 | €11,152 | -€21,238 | -65.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,390 | €11,152 | -€21,238 | -65.6% |
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.