Peeters: 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.
Peeters
Largest movements
- Current investments -€41,737
down €41,737 (-83.4%), from €50,016 to €8,279
- Receivables within one year -€41,041
down €41,041 (-57.8%), from €71,033 to €29,992
of which Trade receivables: -€44,545
- Tangible fixed assets -€18,938
down €18,938 (-20.6%), from €92,136 to €73,197
of which Plant, machinery and equipment: -€11,325
- Cash +€17,126
up €17,126 (+32.7%), from €52,318 to €69,444
mainly Net result for the year (+€42,906) and Current investments (+€41,737)
- Trade debts -€41,947
down €41,947 (-91.6%), from €45,816 to €3,869
- Other debts -€37,420
down €37,420 (-37.5%), from €99,856 to €62,436
- Reserves +€17,906
up €17,906 (+60.1%), from €29,779 to €47,684
- Current portion of long-term debt -€11,097
down €11,097 (-51.2%), from €21,681 to €10,584
- Debts after one year -€10,584
down €10,584 (-17.7%), from €59,887 to €49,303
- Gross operating margin +€14,742
up €14,742 (+16.1%), from €91,736 to €106,478
- Taxes +€8,417
up €8,417 (+93.3%), from €9,025 to €17,443
- Depreciation -€5,459
down €5,459 (-22.4%), from €24,397 to €18,938
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 | €267,111 | €182,407 | -€84,704 | -31.7% |
| Fixed assets | 21/28 | €92,136 | €73,197 | -€18,938 | -20.6% |
| Tangible fixed assets | 22/27 | €92,136 | €73,197 | -€18,938 | -20.6% |
| Plant, machinery and equipment | 23 | €68,011 | €56,687 | -€11,325 | -16.7% |
| Furniture and vehicles | 24 | €17,897 | €11,284 | -€6,613 | -37.0% |
| Other tangible fixed assets | 26 | €6,227 | €5,227 | -€1,000 | -16.1% |
| Current assets | 29/58 | €174,976 | €109,210 | -€65,766 | -37.6% |
| Amounts receivable within one year | 40/41 | €71,033 | €29,992 | -€41,041 | -57.8% |
| Trade receivables | 40 | €65,398 | €20,853 | -€44,545 | -68.1% |
| Other amounts receivable | 41 | €5,635 | €9,139 | +€3,504 | +62.2% |
| Current investments | 50/53 | €50,016 | €8,279 | -€41,737 | -83.4% |
| Cash at bank and in hand | 54/58 | €52,318 | €69,444 | +€17,126 | +32.7% |
| Deferred charges and accrued income | 490/1 | €1,608 | €1,496 | -€113 | -7.0% |
| Total equity and liabilities | 10/49 | €267,111 | €182,407 | -€84,704 | -31.7% |
| Equity | 10/15 | €34,779 | €52,684 | +€17,906 | +51.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,779 | €47,684 | +€17,906 | +60.1% |
| Distributable reserves | 133 | €29,779 | €47,684 | +€17,906 | +60.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €232,333 | €129,723 | -€102,610 | -44.2% |
| Amounts payable after more than one year | 17 | €59,887 | €49,303 | -€10,584 | -17.7% |
| Financial debts | 170/4 | €59,887 | €49,303 | -€10,584 | -17.7% |
| Amounts payable within one year | 42/48 | €172,283 | €80,420 | -€91,863 | -53.3% |
| Current portion of amounts payable after more than one year | 42 | €21,681 | €10,584 | -€11,097 | -51.2% |
| Trade debts | 44 | €45,816 | €3,869 | -€41,947 | -91.6% |
| Suppliers | 440/4 | €45,816 | €3,869 | -€41,947 | -91.6% |
| Taxes, remuneration and social security | 45 | €4,929 | €3,531 | -€1,399 | -28.4% |
| Remuneration and social security | 454/9 | €4,929 | €3,531 | -€1,399 | -28.4% |
| Other amounts payable | 47/48 | €99,856 | €62,436 | -€37,420 | -37.5% |
| Accrued charges and deferred income | 492/3 | €162 | €0 | -€162 | -100.0% |
| Remuneration, social security and pensions | 62 | €24,025 | €24,602 | +€576 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,397 | €18,938 | -€5,459 | -22.4% |
| Other operating charges | 640/8 | €1,099 | €1,040 | -€59 | -5.4% |
| Gross operating margin | 9900 | €91,736 | €106,478 | +€14,742 | +16.1% |
| Operating profit (loss) | 9901 | €42,215 | €61,898 | +€19,683 | +46.6% |
| Financial income | 75/76B | €20 | €375 | +€355 | +1766.3% |
| Recurring financial income | 75 | €20 | €375 | +€355 | +1766.3% |
| Financial charges | 65/66B | €2,167 | €1,925 | -€242 | -11.2% |
| Recurring financial charges | 65 | €2,167 | €1,925 | -€242 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €40,068 | €60,348 | +€20,280 | +50.6% |
| Income taxes | 67/77 | €9,025 | €17,443 | +€8,417 | +93.3% |
| Profit (loss) for the period | 9904 | €31,043 | €42,906 | +€11,863 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,043 | €42,906 | +€11,863 | +38.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.