PEETERS GUY: 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 GUY
Largest movements
- Cash +€56,346
up €56,346 (+53.0%), from €106,341 to €162,688
mainly Other debts (+€60,154) and Depreciation (+€31,095)
- Receivables within one year -€18,912
down €18,912 (-67.5%), from €28,002 to €9,090
of which Trade receivables: -€10,871
- Tangible fixed assets +€13,575
up €13,575 (+14.7%), from €92,211 to €105,786
of which Furniture and vehicles: +€23,727
- Stocks and contracts -€4,402
down €4,402 (-15.2%), from €28,931 to €24,528
- Deferred charges and accrued income +€4,272
up €4,272 (+132.7%), from €3,220 to €7,492
- Other debts +€60,154
up €60,154 (+135.7%), from €44,336 to €104,490
- Reserves -€41,900
down €41,900 (-26.2%), from €160,200 to €118,300
- Debts after one year +€21,811
up €21,811 (+94.5%), from €23,084 to €44,896
- Current portion of long-term debt +€11,931
up €11,931 (+142.3%), from €8,386 to €20,317
- Trade debts -€5,613
down €5,613 (-33.8%), from €16,598 to €10,986
- Gross operating margin +€45,683
up €45,683 (+117.8%), from €38,794 to €84,477
- Taxes +€8,951
up €8,951 (+401.1%), from €2,232 to €11,183
- Write-downs +€5,652
new in 2025: €5,652
- Other operating charges +€3,634
up €3,634 (+147.9%), from €2,458 to €6,092
- Depreciation +€3,017
up €3,017 (+10.7%), from €28,078 to €31,095
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 | €258,915 | €309,795 | +€50,879 | +19.7% |
| Fixed assets | 21/28 | €92,422 | €105,997 | +€13,575 | +14.7% |
| Tangible fixed assets | 22/27 | €92,211 | €105,786 | +€13,575 | +14.7% |
| Land and buildings | 22 | €18,627 | €15,736 | -€2,891 | -15.5% |
| Plant, machinery and equipment | 23 | €27,765 | €20,860 | -€6,904 | -24.9% |
| Furniture and vehicles | 24 | €43,267 | €66,994 | +€23,727 | +54.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,552 | €2,196 | -€356 | -14.0% |
| Financial fixed assets | 28 | €211 | €211 | = | 0.0% |
| Current assets | 29/58 | €166,494 | €203,798 | +€37,305 | +22.4% |
| Stocks and contracts in progress | 3 | €28,931 | €24,528 | -€4,402 | -15.2% |
| Stocks | 30/36 | €28,931 | €24,528 | -€4,402 | -15.2% |
| Amounts receivable within one year | 40/41 | €28,002 | €9,090 | -€18,912 | -67.5% |
| Trade receivables | 40 | €18,204 | €7,333 | -€10,871 | -59.7% |
| Other amounts receivable | 41 | €9,797 | €1,756 | -€8,041 | -82.1% |
| Cash at bank and in hand | 54/58 | €106,341 | €162,688 | +€56,346 | +53.0% |
| Deferred charges and accrued income | 490/1 | €3,220 | €7,492 | +€4,272 | +132.7% |
| Total equity and liabilities | 10/49 | €258,915 | €309,795 | +€50,879 | +19.7% |
| Equity | 10/15 | €160,430 | €118,532 | -€41,898 | -26.1% |
| Reserves | 13 | €160,200 | €118,300 | -€41,900 | -26.2% |
| Distributable reserves | 133 | €160,200 | €118,300 | -€41,900 | -26.2% |
| Profit (loss) carried forward | 14 | €230 | €232 | +€2 | +0.9% |
| Amounts payable | 17/49 | €98,486 | €191,263 | +€92,777 | +94.2% |
| Amounts payable after more than one year | 17 | €23,084 | €44,896 | +€21,811 | +94.5% |
| Financial debts | 170/4 | €23,084 | €44,896 | +€21,811 | +94.5% |
| Amounts payable within one year | 42/48 | €75,401 | €146,367 | +€70,966 | +94.1% |
| Current portion of amounts payable after more than one year | 42 | €8,386 | €20,317 | +€11,931 | +142.3% |
| Trade debts | 44 | €16,598 | €10,986 | -€5,613 | -33.8% |
| Suppliers | 440/4 | €16,598 | €10,986 | -€5,613 | -33.8% |
| Taxes, remuneration and social security | 45 | €6,080 | €10,574 | +€4,494 | +73.9% |
| Taxes | 450/3 | €6,080 | €7,074 | +€994 | +16.3% |
| Remuneration and social security | 454/9 | - | €3,500 | +€3,500 | |
| Other amounts payable | 47/48 | €44,336 | €104,490 | +€60,154 | +135.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,078 | €31,095 | +€3,017 | +10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,652 | +€5,652 | |
| Other operating charges | 640/8 | €2,458 | €6,092 | +€3,634 | +147.9% |
| Gross operating margin | 9900 | €38,794 | €84,477 | +€45,683 | +117.8% |
| Operating profit (loss) | 9901 | €8,258 | €41,638 | +€33,380 | +404.2% |
| Financial income | 75/76B | €1,317 | €2,070 | +€753 | +57.2% |
| Recurring financial income | 75 | €1,317 | €2,070 | +€753 | +57.2% |
| Financial charges | 65/66B | €1,736 | €2,423 | +€686 | +39.5% |
| Recurring financial charges | 65 | €1,736 | €2,423 | +€686 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €7,839 | €41,285 | +€33,447 | +426.7% |
| Income taxes | 67/77 | €2,232 | €11,183 | +€8,951 | +401.1% |
| Profit (loss) for the period | 9904 | €5,607 | €30,102 | +€24,495 | +436.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,607 | €30,102 | +€24,495 | +436.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.