PEETERS: 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.
PEETERS
Largest movements
- Tangible fixed assets -€41,079
down €41,079 (-6.6%), from €625,694 to €584,615
of which Land and buildings: -€36,358
- Cash +€17,918
up €17,918 (+35.7%), from €50,208 to €68,126
mainly Depreciation (+€47,822) and Net result for the year (+€14,301)
- Profit (loss) carried forward +€305,963
up €305,963 (+73.5%), from -€416,482 to -€110,518
- Reserves -€265,412
no longer reported in 2025 (was €265,412)
- Revaluation surpluses -€26,250
down €26,250 (-9.1%), from €288,750 to €262,500
- Other debts -€20,520
down €20,520 (-19.2%), from €106,916 to €86,397
- Debts after one year -€13,345
down €13,345 (-3.6%), from €373,508 to €360,163
- Gross operating margin +€21,809
up €21,809 (+9.9%), from €220,604 to €242,413
- Taxes +€6,280
up €6,280 (+70.4%), from €8,922 to €15,202
- Staff costs -€4,785
down €4,785 (-3.0%), from €158,282 to €153,497
- Depreciation +€4,019
up €4,019 (+9.2%), from €43,802 to €47,822
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 | €693,053 | €670,247 | -€22,807 | -3.3% |
| Fixed assets | 21/28 | €625,694 | €584,615 | -€41,079 | -6.6% |
| Tangible fixed assets | 22/27 | €625,694 | €584,615 | -€41,079 | -6.6% |
| Land and buildings | 22 | €594,201 | €557,843 | -€36,358 | -6.1% |
| Plant, machinery and equipment | 23 | €24,708 | €22,808 | -€1,900 | -7.7% |
| Furniture and vehicles | 24 | €6,784 | €3,964 | -€2,820 | -41.6% |
| Current assets | 29/58 | €67,359 | €85,631 | +€18,272 | +27.1% |
| Stocks and contracts in progress | 3 | €6,622 | €8,756 | +€2,134 | +32.2% |
| Stocks | 30/36 | €6,622 | €8,756 | +€2,134 | +32.2% |
| Amounts receivable within one year | 40/41 | €50 | €3,299 | +€3,249 | +6,498% |
| Trade receivables | 40 | - | €3,249 | +€3,249 | |
| Other amounts receivable | 41 | €50 | €50 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,208 | €68,126 | +€17,918 | +35.7% |
| Deferred charges and accrued income | 490/1 | €10,479 | €5,450 | -€5,029 | -48.0% |
| Total equity and liabilities | 10/49 | €693,053 | €670,247 | -€22,807 | -3.3% |
| Equity | 10/15 | €156,280 | €170,582 | +€14,301 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €288,750 | €262,500 | -€26,250 | -9.1% |
| Reserves | 13 | €265,412 | - | -€265,412 | |
| Distributable reserves | 133 | €265,412 | - | -€265,412 | |
| Profit (loss) carried forward | 14 | -€416,482 | -€110,518 | +€305,963 | +73.5% |
| Amounts payable | 17/49 | €536,773 | €499,665 | -€37,108 | -6.9% |
| Amounts payable after more than one year | 17 | €373,508 | €360,163 | -€13,345 | -3.6% |
| Financial debts | 170/4 | €373,508 | €360,163 | -€13,345 | -3.6% |
| Amounts payable within one year | 42/48 | €159,107 | €135,595 | -€23,512 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €13,860 | €14,105 | +€245 | +1.8% |
| Trade debts | 44 | €4,559 | €623 | -€3,936 | -86.3% |
| Suppliers | 440/4 | €4,559 | €623 | -€3,936 | -86.3% |
| Taxes, remuneration and social security | 45 | €33,772 | €34,471 | +€699 | +2.1% |
| Taxes | 450/3 | €17,995 | €16,626 | -€1,369 | -7.6% |
| Remuneration and social security | 454/9 | €15,777 | €17,845 | +€2,068 | +13.1% |
| Other amounts payable | 47/48 | €106,916 | €86,397 | -€20,520 | -19.2% |
| Accrued charges and deferred income | 492/3 | €4,158 | €3,907 | -€251 | -6.0% |
| Remuneration, social security and pensions | 62 | €158,282 | €153,497 | -€4,785 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,802 | €47,822 | +€4,019 | +9.2% |
| Other operating charges | 640/8 | €5,346 | €5,587 | +€241 | +4.5% |
| Gross operating margin | 9900 | €220,604 | €242,413 | +€21,809 | +9.9% |
| Operating profit (loss) | 9901 | €13,174 | €35,507 | +€22,333 | +170% |
| Financial income | 75/76B | €249 | €310 | +€61 | +24.5% |
| Recurring financial income | 75 | €249 | €310 | +€61 | +24.5% |
| Financial charges | 65/66B | €6,426 | €6,313 | -€113 | -1.8% |
| Recurring financial charges | 65 | €6,426 | €6,313 | -€113 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €6,997 | €29,503 | +€22,506 | +322% |
| Income taxes | 67/77 | €8,922 | €15,202 | +€6,280 | +70.4% |
| Profit (loss) for the period | 9904 | -€1,925 | €14,301 | +€16,227 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,925 | €14,301 | +€16,227 |
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 13 October 2026 via checked.be.