PEETERMANS STEVEN MANAGEMENT: 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.
PEETERMANS STEVEN MANAGEMENT
Largest movements
- Receivables within one year -€66,332
down €66,332 (-64.8%), from €102,408 to €36,077
of which Trade receivables: -€48,437
- Cash +€37,182
up €37,182 (+29.8%), from €124,922 to €162,104
mainly Other debts (+€96,649) and Receivables within one year (+€66,332)
- Tangible fixed assets -€5,196
down €5,196 (-39.6%), from €13,114 to €7,918
- Deferred charges and accrued income +€4,640
up €4,640 (+894%), from €519 to €5,159
- Reserves -€125,382
down €125,382 (-49.2%), from €254,680 to €129,298
of which Distributable reserves: -€125,382
- Other debts +€96,649
up €96,649 (+315%), from €30,697 to €127,346
- Tax, wage and social debts -€4,483
down €4,483 (-27.2%), from €16,478 to €11,995
of which Taxes: -€4,483
- Trade debts +€3,510
up €3,510 (+121%), from €2,909 to €6,418
- Gross operating margin -€14,323
down €14,323 (-51.6%), from €27,736 to €13,413
- Taxes -€3,750
down €3,750 (-60.3%), from €6,215 to €2,465
- Depreciation -€1,221
down €1,221 (-15.0%), from €8,149 to €6,928
- Financial charges -€742
down €742 (-29.3%), from €2,533 to €1,791
- Financial income -€433
down €433 (-28.5%), from €1,521 to €1,088
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 | €310,964 | €281,258 | -€29,706 | -9.6% |
| Fixed assets | 21/28 | €83,114 | €77,918 | -€5,196 | -6.3% |
| Tangible fixed assets | 22/27 | €13,114 | €7,918 | -€5,196 | -39.6% |
| Plant, machinery and equipment | 23 | €3,833 | €2,400 | -€1,433 | -37.4% |
| Furniture and vehicles | 24 | €1,805 | €354 | -€1,451 | -80.4% |
| Other tangible fixed assets | 26 | €7,477 | €5,165 | -€2,312 | -30.9% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €227,850 | €203,340 | -€24,510 | -10.8% |
| Amounts receivable within one year | 40/41 | €102,408 | €36,077 | -€66,332 | -64.8% |
| Trade receivables | 40 | €73,350 | €24,913 | -€48,437 | -66.0% |
| Other amounts receivable | 41 | €29,058 | €11,164 | -€17,894 | -61.6% |
| Cash at bank and in hand | 54/58 | €124,922 | €162,104 | +€37,182 | +29.8% |
| Deferred charges and accrued income | 490/1 | €519 | €5,159 | +€4,640 | +894% |
| Total equity and liabilities | 10/49 | €310,964 | €281,258 | -€29,706 | -9.6% |
| Equity | 10/15 | €260,880 | €135,498 | -€125,382 | -48.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €254,680 | €129,298 | -€125,382 | -49.2% |
| Tax-exempt reserves | 132 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €254,528 | €129,146 | -€125,382 | -49.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,084 | €145,760 | +€95,676 | +191% |
| Amounts payable within one year | 42/48 | €50,084 | €145,760 | +€95,676 | +191% |
| Trade debts | 44 | €2,909 | €6,418 | +€3,510 | +121% |
| Suppliers | 440/4 | €2,909 | €6,418 | +€3,510 | +121% |
| Taxes, remuneration and social security | 45 | €16,478 | €11,995 | -€4,483 | -27.2% |
| Taxes | 450/3 | €16,478 | €11,995 | -€4,483 | -27.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,697 | €127,346 | +€96,649 | +315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,149 | €6,928 | -€1,221 | -15.0% |
| Other operating charges | 640/8 | €1,312 | €1,354 | +€41 | +3.2% |
| Gross operating margin | 9900 | €27,736 | €13,413 | -€14,323 | -51.6% |
| Operating profit (loss) | 9901 | €18,275 | €5,132 | -€13,143 | -71.9% |
| Financial income | 75/76B | €1,521 | €1,088 | -€433 | -28.5% |
| Recurring financial income | 75 | €1,521 | €1,088 | -€433 | -28.5% |
| Financial charges | 65/66B | €2,533 | €1,791 | -€742 | -29.3% |
| Recurring financial charges | 65 | €2,533 | €1,791 | -€742 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €17,263 | €4,429 | -€12,834 | -74.3% |
| Income taxes | 67/77 | €6,215 | €2,465 | -€3,750 | -60.3% |
| Profit (loss) for the period | 9904 | €11,048 | €1,964 | -€9,084 | -82.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,048 | €1,964 | -€9,084 | -82.2% |
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 27 October 2026 via checked.be.