PEETERS ESSEN: 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.
What changed
PEETERS ESSEN
NACE 46.610, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€101,202
2024 · €199,473-€98,271
Equity
€1.6m
2024 · €1.5m+€101,202
Cash
€488,819
2024 · €151,263+€337,556
Balance sheet total
€3.2m
2024 · €2.9m+€211,077
Largest movements
Assets
- Cash +€337,556
up €337,556 (+223%), from €151,263 to €488,819
mainly Depreciation (+€270,772) and Advances received (+€145,826)
- Stocks and contracts -€53,801
down €53,801 (-4.8%), from €1.1m to €1.1m
- Tangible fixed assets -€45,675
down €45,675 (-4.0%), from €1.1m to €1.1m
of which Other tangible fixed assets: -€552,784
Equity and liabilities
- Advances received +€145,826
up €145,826 (+294%), from €49,624 to €195,450
- Reserves +€101,202
up €101,202 (+6.9%), from €1.5m to €1.6m
of which Distributable reserves: +€113,352
- Trade debts -€64,205
down €64,205 (-14.7%), from €435,878 to €371,673
Income statement
- Gross operating margin -€93,987
down €93,987 (-12.4%), from €757,188 to €663,201
- Depreciation +€52,699
up €52,699 (+24.2%), from €218,073 to €270,772
- Taxes -€17,324
down €17,324 (-31.1%), from €55,625 to €38,301
- Staff costs +€9,120
up €9,120 (+4.9%), from €187,286 to €196,405
- Financial income +€8,649
up €8,649 (+149%), from €5,789 to €14,438
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.
Result 2024
€199,473
Gross operating margin
-€93,987
Staff costs
-€9,120
Depreciation
-€52,699
Other operating charges
+€5,316
Financial income
+€8,649
Financial charges
+€2,964
Taxes
+€17,324
Deferred taxes and other
+€23,282
Result 2025
€101,202
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€536,101
Investment
-€225,097
Financing
+€26,552
Cash 2024
€151,263
From operations (derived)
+€536,101
Net result for the year
+€101,202
Depreciation
+€270,772
Stocks and contracts
+€53,801
Receivables within one year
+€11,831
Deferred charges and accrued income
+€15,172
Provisions
-€4,050
Trade debts
-€64,205
Tax, wage and social debts
+€8,111
Advances received
+€145,826
Accrued charges and deferred income
-€2,360
Investment (derived)
-€225,097
Investment in fixed assets (net)
-€225,097
Financing
+€26,552
Debts after one year
+€19,507
Current portion of long-term debt
+€7,206
Short-term financial debts
-€161
Cash 2025
€488,819
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,940,681 | €3,151,758 | +€211,077 | +7.2% |
| Fixed assets | 21/28 | €1,148,359 | €1,102,684 | -€45,675 | -4.0% |
| Tangible fixed assets | 22/27 | €1,148,359 | €1,102,684 | -€45,675 | -4.0% |
| Land and buildings | 22 | €280,268 | €260,148 | -€20,120 | -7.2% |
| Plant, machinery and equipment | 23 | €53,031 | €540,810 | +€487,779 | +920% |
| Furniture and vehicles | 24 | €80,527 | €56,274 | -€24,253 | -30.1% |
| Leasing and similar rights | 25 | €181,749 | €245,452 | +€63,703 | +35.1% |
| Other tangible fixed assets | 26 | €552,784 | - | -€552,784 | |
| Current assets | 29/58 | €1,792,323 | €2,049,074 | +€256,752 | +14.3% |
| Stocks and contracts in progress | 3 | €1,111,070 | €1,057,269 | -€53,801 | -4.8% |
| Stocks | 30/36 | €1,111,070 | €1,057,269 | -€53,801 | -4.8% |
| Amounts receivable within one year | 40/41 | €501,920 | €490,089 | -€11,831 | -2.4% |
| Trade receivables | 40 | €466,380 | €467,984 | +€1,604 | +0.3% |
| Other amounts receivable | 41 | €35,540 | €22,104 | -€13,436 | -37.8% |
| Cash at bank and in hand | 54/58 | €151,263 | €488,819 | +€337,556 | +223% |
| Deferred charges and accrued income | 490/1 | €28,069 | €12,897 | -€15,172 | -54.1% |
| Total equity and liabilities | 10/49 | €2,940,681 | €3,151,758 | +€211,077 | +7.2% |
| Equity | 10/15 | €1,482,764 | €1,583,966 | +€101,202 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,463,658 | €1,564,860 | +€101,202 | +6.9% |
| Tax-exempt reserves | 132 | €57,696 | €45,546 | -€12,150 | -21.1% |
| Distributable reserves | 133 | €1,405,962 | €1,519,314 | +€113,352 | +8.1% |
| Profit (loss) carried forward | 14 | €506 | €506 | = | 0.0% |
| Provisions and deferred taxes | 16 | €19,232 | €15,182 | -€4,050 | -21.1% |
| Deferred taxes | 168 | €19,232 | €15,182 | -€4,050 | -21.1% |
| Amounts payable | 17/49 | €1,438,686 | €1,552,610 | +€113,925 | +7.9% |
| Amounts payable after more than one year | 17 | €706,326 | €725,833 | +€19,507 | +2.8% |
| Financial debts | 170/4 | €111,326 | €99,732 | -€11,593 | -10.4% |
| Other amounts payable | 178/9 | €595,001 | €626,100 | +€31,100 | +5.2% |
| Amounts payable within one year | 42/48 | €686,681 | €783,459 | +€96,778 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €109,996 | €117,203 | +€7,206 | +6.6% |
| Financial debts | 43 | €20,464 | €20,303 | -€161 | -0.8% |
| Credit institutions | 430/8 | €20,464 | €20,303 | -€161 | -0.8% |
| Trade debts | 44 | €435,878 | €371,673 | -€64,205 | -14.7% |
| Suppliers | 440/4 | €435,878 | €371,673 | -€64,205 | -14.7% |
| Advances received on contracts in progress | 46 | €49,624 | €195,450 | +€145,826 | +294% |
| Taxes, remuneration and social security | 45 | €70,719 | €78,830 | +€8,111 | +11.5% |
| Taxes | 450/3 | €36,543 | €39,139 | +€2,596 | +7.1% |
| Remuneration and social security | 454/9 | €34,176 | €39,691 | +€5,515 | +16.1% |
| Accrued charges and deferred income | 492/3 | €45,678 | €43,319 | -€2,360 | -5.2% |
| Remuneration, social security and pensions | 62 | €187,286 | €196,405 | +€9,120 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218,073 | €270,772 | +€52,699 | +24.2% |
| Other operating charges | 640/8 | €16,894 | €11,578 | -€5,316 | -31.5% |
| Gross operating margin | 9900 | €757,188 | €663,201 | -€93,987 | -12.4% |
| Operating profit (loss) | 9901 | €334,936 | €184,446 | -€150,490 | -44.9% |
| Financial income | 75/76B | €5,789 | €14,438 | +€8,649 | +149% |
| Recurring financial income | 75 | €5,789 | €14,438 | +€8,649 | +149% |
| Financial charges | 65/66B | €66,395 | €63,431 | -€2,964 | -4.5% |
| Recurring financial charges | 65 | €66,395 | €63,431 | -€2,964 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | €274,330 | €135,453 | -€138,877 | -50.6% |
| Transfer from deferred taxes | 780 | €1,018 | €4,050 | +€3,032 | +298% |
| Transfer to deferred taxes | 680 | €20,250 | €0 | -€20,250 | -100% |
| Income taxes | 67/77 | €55,625 | €38,301 | -€17,324 | -31.1% |
| Profit (loss) for the period | 9904 | €199,473 | €101,202 | -€98,271 | -49.3% |
| Transfer from tax-exempt reserves | 789 | €3,054 | €12,150 | +€9,096 | +298% |
| Transfer to tax-exempt reserves | 689 | €60,750 | €0 | -€60,750 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €141,777 | €113,352 | -€28,425 | -20.0% |
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.