PEERS CLAUDE: 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.
PEERS CLAUDE
Largest movements
- Cash +€702,614
up €702,614 (+300%), from €234,289 to €936,904
mainly Current investments (+€633,000) and Net result for the year (+€159,989)
- Current investments -€633,000
down €633,000 (-100%), from €633,000 to €0
- Receivables within one year +€43,943
up €43,943 (+9,260%), from €475 to €44,418
of which Trade receivables: +€43,943
- Tangible fixed assets -€15,826
down €15,826 (-27.6%), from €57,298 to €41,472
- Reserves +€144,673
up €144,673 (+19.7%), from €734,589 to €879,262
of which Distributable reserves: +€148,000
- Other debts -€40,134
down €40,134 (-29.8%), from €134,643 to €94,509
- Trade debts +€17,480
up €17,480 (+2,396%), from €730 to €18,210
- Gross operating margin -€145,991
down €145,991 (-38.3%), from €380,795 to €234,804
- Taxes -€46,294
down €46,294 (-39.2%), from €118,014 to €71,719
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.
Derived cash bridge
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 | €934,984 | €1,040,982 | +€105,998 | +11.3% |
| Fixed assets | 21/28 | €57,298 | €41,472 | -€15,826 | -27.6% |
| Tangible fixed assets | 22/27 | €57,298 | €41,472 | -€15,826 | -27.6% |
| Furniture and vehicles | 24 | €57,298 | €41,472 | -€15,826 | -27.6% |
| Current assets | 29/58 | €877,685 | €999,510 | +€121,825 | +13.9% |
| Amounts receivable within one year | 40/41 | €475 | €44,418 | +€43,943 | +9,260% |
| Trade receivables | 40 | €475 | €44,418 | +€43,943 | +9,260% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €633,000 | €0 | -€633,000 | -100% |
| Cash at bank and in hand | 54/58 | €234,289 | €936,904 | +€702,614 | +300% |
| Deferred charges and accrued income | 490/1 | €9,921 | €18,188 | +€8,267 | +83.3% |
| Total equity and liabilities | 10/49 | €934,984 | €1,040,982 | +€105,998 | +11.3% |
| Equity | 10/15 | €748,295 | €886,284 | +€137,989 | +18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €734,589 | €879,262 | +€144,673 | +19.7% |
| Tax-exempt reserves | 132 | €19,029 | €15,702 | -€3,327 | -17.5% |
| Distributable reserves | 133 | €715,560 | €863,560 | +€148,000 | +20.7% |
| Profit (loss) carried forward | 14 | €7,506 | €822 | -€6,684 | -89.0% |
| Provisions and deferred taxes | 16 | €4,056 | €2,947 | -€1,109 | -27.3% |
| Deferred taxes | 168 | €4,056 | €2,947 | -€1,109 | -27.3% |
| Amounts payable | 17/49 | €182,633 | €151,751 | -€30,882 | -16.9% |
| Amounts payable within one year | 42/48 | €171,835 | €141,488 | -€30,348 | -17.7% |
| Trade debts | 44 | €730 | €18,210 | +€17,480 | +2,396% |
| Suppliers | 440/4 | €730 | €18,210 | +€17,480 | +2,396% |
| Taxes, remuneration and social security | 45 | €36,463 | €28,769 | -€7,694 | -21.1% |
| Taxes | 450/3 | €36,463 | €28,769 | -€7,694 | -21.1% |
| Other amounts payable | 47/48 | €134,643 | €94,509 | -€40,134 | -29.8% |
| Accrued charges and deferred income | 492/3 | €10,798 | €10,263 | -€535 | -5.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,150 | €15,826 | -€324 | -2.0% |
| Other operating charges | 640/8 | €1,371 | €1,407 | +€37 | +2.7% |
| Gross operating margin | 9900 | €380,795 | €234,804 | -€145,991 | -38.3% |
| Operating profit (loss) | 9901 | €363,274 | €217,571 | -€145,704 | -40.1% |
| Financial income | 75/76B | €17,457 | €18,269 | +€812 | +4.7% |
| Recurring financial income | 75 | €17,457 | €18,269 | +€812 | +4.7% |
| Financial charges | 65/66B | €5,803 | €5,240 | -€563 | -9.7% |
| Recurring financial charges | 65 | €5,803 | €5,240 | -€563 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €374,928 | €230,600 | -€144,329 | -38.5% |
| Transfer from deferred taxes | 780 | €1,109 | €1,109 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €118,014 | €71,719 | -€46,294 | -39.2% |
| Profit (loss) for the period | 9904 | €258,024 | €159,989 | -€98,034 | -38.0% |
| Transfer from tax-exempt reserves | 789 | €3,327 | €3,327 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €261,350 | €163,316 | -€98,034 | -37.5% |
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 30 October 2026 via checked.be.