PEETERS-DE WILDE: 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-DE WILDE
Largest movements
- Tangible fixed assets +€640,552
up €640,552 (+13.8%), from €4.6m to €5.3m
of which Assets under construction and advance payments: +€675,600
- Current investments -€97,843
down €97,843 (-14.5%), from €673,861 to €576,018
- Cash +€69,840
up €69,840 (+616%), from €11,338 to €81,177
mainly Debts after one year (+€549,079) and Current investments (+€97,843)
- Debts after one year +€549,079
up €549,079 (+176%), from €312,542 to €861,622
- Profit (loss) carried forward +€63,391
up €63,391 (+3.2%), from -€2.0m to -€1.9m
- Financial income +€44,682
up €44,682 (+3,034%), from €1,473 to €46,155
of which Non-recurring financial income: +€26,448
- Gross operating margin +€21,620
up €21,620 (+78.6%), from €27,515 to €49,135
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 | €5,333,382 | €5,949,655 | +€616,273 | +11.6% |
| Fixed assets | 21/28 | €4,643,838 | €5,284,390 | +€640,552 | +13.8% |
| Tangible fixed assets | 22/27 | €4,643,838 | €5,284,390 | +€640,552 | +13.8% |
| Land and buildings | 22 | €4,559,943 | €4,525,675 | -€34,269 | -0.8% |
| Plant, machinery and equipment | 23 | €2,752 | €1,972 | -€780 | -28.3% |
| Assets under construction and advance payments | 27 | €81,143 | €756,744 | +€675,600 | +833% |
| Current assets | 29/58 | €689,544 | €665,265 | -€24,279 | -3.5% |
| Amounts receivable within one year | 40/41 | €1,827 | €6,572 | +€4,746 | +260% |
| Trade receivables | 40 | €411 | €0 | -€411 | -100% |
| Other amounts receivable | 41 | €1,415 | €6,572 | +€5,157 | +364% |
| Current investments | 50/53 | €673,861 | €576,018 | -€97,843 | -14.5% |
| Cash at bank and in hand | 54/58 | €11,338 | €81,177 | +€69,840 | +616% |
| Deferred charges and accrued income | 490/1 | €2,519 | €1,498 | -€1,021 | -40.5% |
| Total equity and liabilities | 10/49 | €5,333,382 | €5,949,655 | +€616,273 | +11.6% |
| Equity | 10/15 | €4,971,443 | €5,034,834 | +€63,391 | +1.3% |
| Contributions | 10/11 | €6,950,200 | €6,950,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,978,757 | -€1,915,366 | +€63,391 | +3.2% |
| Amounts payable | 17/49 | €361,939 | €914,821 | +€552,882 | +153% |
| Amounts payable after more than one year | 17 | €312,542 | €861,622 | +€549,079 | +176% |
| Financial debts | 170/4 | €312,542 | €861,622 | +€549,079 | +176% |
| Amounts payable within one year | 42/48 | €48,077 | €51,859 | +€3,782 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €25,615 | €25,921 | +€305 | +1.2% |
| Trade debts | 44 | €592 | €231 | -€360 | -60.9% |
| Suppliers | 440/4 | €592 | €231 | -€360 | -60.9% |
| Other amounts payable | 47/48 | €21,870 | €25,708 | +€3,837 | +17.5% |
| Accrued charges and deferred income | 492/3 | €1,320 | €1,340 | +€20 | +1.5% |
| Non-recurring operating income | 76A | - | €17,800 | +€17,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,849 | €25,849 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,153 | €1,857 | -€296 | -13.8% |
| Non-recurring operating charges | 66A | €650,000 | €0 | -€650,000 | -100% |
| Gross operating margin | 9900 | €27,515 | €49,135 | +€21,620 | +78.6% |
| Operating profit (loss) | 9901 | -€650,486 | €21,430 | +€671,916 | |
| Financial income | 75/76B | €1,473 | €46,155 | +€44,682 | +3,034% |
| Recurring financial income | 75 | €1,473 | €19,706 | +€18,234 | +1,238% |
| Non-recurring financial income | 76B | - | €26,448 | +€26,448 | |
| Financial charges | 65/66B | €4,490 | €4,193 | -€296 | -6.6% |
| Recurring financial charges | 65 | €4,490 | €4,193 | -€296 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€653,503 | €63,391 | +€716,894 | |
| Profit (loss) for the period | 9904 | -€653,503 | €63,391 | +€716,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€653,503 | €63,391 | +€716,894 |
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 28 October 2026 via checked.be.