Peeters-Cardoen: 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-Cardoen
Largest movements
- Cash +€23,033
up €23,033 (+10.3%), from €224,708 to €247,741
mainly Net result for the year (+€25,999) and Depreciation (+€15,681)
- Tangible fixed assets -€15,681
down €15,681 (-3.3%), from €472,660 to €456,979
of which Land and buildings: -€14,115
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€1,791
down €1,791 (-3.2%), from €56,466 to €54,675
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 | €701,428 | €706,362 | +€4,934 | +0.7% |
| Fixed assets | 21/28 | €472,660 | €456,979 | -€15,681 | -3.3% |
| Tangible fixed assets | 22/27 | €472,660 | €456,979 | -€15,681 | -3.3% |
| Land and buildings | 22 | €458,183 | €444,068 | -€14,115 | -3.1% |
| Plant, machinery and equipment | 23 | €14,477 | €12,911 | -€1,566 | -10.8% |
| Current assets | 29/58 | €228,768 | €249,383 | +€20,615 | +9.0% |
| Amounts receivable within one year | 40/41 | €4,060 | €1,642 | -€2,418 | -59.6% |
| Other amounts receivable | 41 | €4,060 | €1,642 | -€2,418 | -59.6% |
| Cash at bank and in hand | 54/58 | €224,708 | €247,741 | +€23,033 | +10.3% |
| Total equity and liabilities | 10/49 | €701,428 | €706,362 | +€4,934 | +0.7% |
| Equity | 10/15 | €698,265 | €703,342 | +€5,077 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €679,673 | €684,750 | +€5,077 | +0.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Distributable reserves | 133 | €677,814 | €682,891 | +€5,077 | +0.7% |
| Amounts payable | 17/49 | €3,163 | €3,020 | -€143 | -4.5% |
| Amounts payable within one year | 42/48 | €3,163 | €3,020 | -€143 | -4.5% |
| Taxes, remuneration and social security | 45 | €2,506 | €2,364 | -€142 | -5.7% |
| Taxes | 450/3 | €2,506 | €2,364 | -€142 | -5.7% |
| Other amounts payable | 47/48 | €657 | €657 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,296 | €15,681 | +€385 | +2.5% |
| Other operating charges | 640/8 | €5,122 | €5,354 | +€232 | +4.5% |
| Gross operating margin | 9900 | €56,466 | €54,675 | -€1,791 | -3.2% |
| Operating profit (loss) | 9901 | €36,048 | €33,640 | -€2,408 | -6.7% |
| Financial income | 75/76B | €713 | €1,034 | +€321 | +45.1% |
| Recurring financial income | 75 | €713 | €1,034 | +€321 | +45.1% |
| Profit (loss) for the period before taxes | 9903 | €36,761 | €34,675 | -€2,086 | -5.7% |
| Income taxes | 67/77 | €9,190 | €8,676 | -€514 | -5.6% |
| Profit (loss) for the period | 9904 | €27,571 | €25,999 | -€1,572 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,571 | €25,999 | -€1,572 | -5.7% |
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.