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 -€16,024
down €16,024 (-35.8%), from €44,778 to €28,754
of which Furniture and vehicles: -€15,891
- Receivables within one year -€8,473
down €8,473 (-53.5%), from €15,834 to €7,361
of which Trade receivables: -€10,527
- Debts after one year -€12,840
down €12,840 (-89.5%), from €14,353 to €1,513
- Accrued charges and deferred income +€9,500
new in 2025: €9,500
- Short-term financial debts -€6,646
down €6,646 (-34.4%), from €19,310 to €12,664
- Reserves -€5,562
down €5,562 (-14.1%), from €39,522 to €33,959
of which Distributable reserves: -€5,562
- Other debts -€5,537
no longer reported in 2025 (was €5,537)
- Gross operating margin -€30,695
down €30,695 (-66.9%), from €45,860 to €15,164
- Taxes -€10,457
down €10,457 (-91.3%), from €11,457 to €1,000
- Staff costs -€4,100
down €4,100 (-69.8%), from €5,871 to €1,771
- Depreciation +€2,035
up €2,035 (+14.5%), from €13,989 to €16,024
- Financial charges -€699
down €699 (-41.9%), from €1,670 to €971
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 | €106,418 | €81,889 | -€24,529 | -23.0% |
| Fixed assets | 21/28 | €44,778 | €28,754 | -€16,024 | -35.8% |
| Tangible fixed assets | 22/27 | €44,778 | €28,754 | -€16,024 | -35.8% |
| Furniture and vehicles | 24 | €44,511 | €28,620 | -€15,891 | -35.7% |
| Other tangible fixed assets | 26 | €268 | €134 | -€134 | -50.0% |
| Current assets | 29/58 | €61,640 | €53,135 | -€8,505 | -13.8% |
| Stocks and contracts in progress | 3 | €8,096 | €8,888 | +€792 | +9.8% |
| Stocks | 30/36 | €8,096 | €8,888 | +€792 | +9.8% |
| Amounts receivable within one year | 40/41 | €15,834 | €7,361 | -€8,473 | -53.5% |
| Trade receivables | 40 | €13,901 | €3,374 | -€10,527 | -75.7% |
| Other amounts receivable | 41 | €1,933 | €3,987 | +€2,054 | +106% |
| Cash at bank and in hand | 54/58 | €37,710 | €36,886 | -€824 | -2.2% |
| Total equity and liabilities | 10/49 | €106,418 | €81,889 | -€24,529 | -23.0% |
| Equity | 10/15 | €45,722 | €40,159 | -€5,562 | -12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,522 | €33,959 | -€5,562 | -14.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €37,022 | €31,459 | -€5,562 | -15.0% |
| Amounts payable | 17/49 | €60,697 | €41,730 | -€18,967 | -31.2% |
| Amounts payable after more than one year | 17 | €14,353 | €1,513 | -€12,840 | -89.5% |
| Financial debts | 170/4 | €14,353 | €1,513 | -€12,840 | -89.5% |
| Amounts payable within one year | 42/48 | €46,344 | €30,717 | -€15,627 | -33.7% |
| Financial debts | 43 | €19,310 | €12,664 | -€6,646 | -34.4% |
| Credit institutions | 430/8 | €19,310 | €12,664 | -€6,646 | -34.4% |
| Trade debts | 44 | €9,018 | €7,053 | -€1,964 | -21.8% |
| Suppliers | 440/4 | €9,018 | €7,053 | -€1,964 | -21.8% |
| Taxes, remuneration and social security | 45 | €12,479 | €11,000 | -€1,479 | -11.9% |
| Taxes | 450/3 | €9,583 | €7,964 | -€1,620 | -16.9% |
| Remuneration and social security | 454/9 | €2,895 | €3,036 | +€141 | +4.9% |
| Other amounts payable | 47/48 | €5,537 | - | -€5,537 | |
| Accrued charges and deferred income | 492/3 | - | €9,500 | +€9,500 | |
| Remuneration, social security and pensions | 62 | €5,871 | €1,771 | -€4,100 | -69.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,989 | €16,024 | +€2,035 | +14.5% |
| Other operating charges | 640/8 | €987 | €960 | -€27 | -2.7% |
| Gross operating margin | 9900 | €45,860 | €15,164 | -€30,695 | -66.9% |
| Operating profit (loss) | 9901 | €25,012 | -€3,591 | -€28,603 | |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €1,670 | €971 | -€699 | -41.9% |
| Recurring financial charges | 65 | €1,670 | €971 | -€699 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €23,358 | -€4,562 | -€27,920 | |
| Income taxes | 67/77 | €11,457 | €1,000 | -€10,457 | -91.3% |
| Profit (loss) for the period | 9904 | €11,901 | -€5,562 | -€17,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,901 | -€5,562 | -€17,463 |
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.