PEETERS K. PROJECTS: 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 K. PROJECTS
Largest movements
- Tangible fixed assets -€317,475
down €317,475 (-65.8%), from €482,782 to €165,307
of which Land and buildings: -€317,203
- Cash +€154,034
up €154,034 (+327.5%), from €47,031 to €201,065
mainly Investment in fixed assets (net) (+€310,188) and Depreciation (+€7,286)
- Debts after one year -€113,741
no longer reported in 2025 (was €113,741)
- Other debts -€27,812
down €27,812 (-22.3%), from €124,686 to €96,874
- Tax, wage and social debts -€16,344
down €16,344 (-95.8%), from €17,062 to €718
- Current portion of long-term debt -€15,748
no longer reported in 2025 (was €15,748)
- Profit (loss) carried forward +€9,056
up €9,056 (+11.4%), from -€79,324 to -€70,268
- Taxes -€52,506
down €52,506 (-99.3%), from €52,873 to €366
- Gross operating margin +€22,968
up €22,968 (+378.5%), from €6,068 to €29,036
- Depreciation -€10,457
down €10,457 (-58.9%), from €17,744 to €7,286
- Financial charges -€2,164
down €2,164 (-14.5%), from €14,922 to €12,758
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 | €536,500 | €368,186 | -€168,314 | -31.4% |
| Fixed assets | 21/28 | €482,782 | €165,307 | -€317,475 | -65.8% |
| Tangible fixed assets | 22/27 | €482,782 | €165,307 | -€317,475 | -65.8% |
| Land and buildings | 22 | €482,078 | €164,875 | -€317,203 | -65.8% |
| Plant, machinery and equipment | 23 | €110 | - | -€110 | |
| Furniture and vehicles | 24 | €594 | €432 | -€161 | -27.1% |
| Current assets | 29/58 | €53,718 | €202,879 | +€149,161 | +277.7% |
| Amounts receivable within one year | 40/41 | €5,775 | €1,057 | -€4,718 | -81.7% |
| Trade receivables | 40 | €2,241 | - | -€2,241 | |
| Other amounts receivable | 41 | €3,534 | €1,057 | -€2,476 | -70.1% |
| Cash at bank and in hand | 54/58 | €47,031 | €201,065 | +€154,034 | +327.5% |
| Deferred charges and accrued income | 490/1 | €912 | €757 | -€155 | -17.0% |
| Total equity and liabilities | 10/49 | €536,500 | €368,186 | -€168,314 | -31.4% |
| Equity | 10/15 | €225,476 | €232,685 | +€7,209 | +3.2% |
| Contributions | 10/11 | €63,500 | €63,500 | = | 0.0% |
| Capital | 10 | €63,500 | €63,500 | = | 0.0% |
| Issued capital | 100 | €63,500 | €63,500 | = | 0.0% |
| Reserves | 13 | €241,300 | €239,454 | -€1,846 | -0.8% |
| Non-distributable reserves | 130/1 | €6,350 | €6,350 | = | 0.0% |
| Legal reserve | 130 | €6,350 | €6,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,850 | €24,004 | -€1,846 | -7.1% |
| Distributable reserves | 133 | €209,100 | €209,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,324 | -€70,268 | +€9,056 | +11.4% |
| Provisions and deferred taxes | 16 | €8,617 | €8,001 | -€615 | -7.1% |
| Deferred taxes | 168 | €8,617 | €8,001 | -€615 | -7.1% |
| Amounts payable | 17/49 | €302,407 | €127,499 | -€174,907 | -57.8% |
| Amounts payable after more than one year | 17 | €113,741 | - | -€113,741 | |
| Financial debts | 170/4 | €113,741 | - | -€113,741 | |
| Amounts payable within one year | 42/48 | €166,238 | €97,978 | -€68,260 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €15,748 | - | -€15,748 | |
| Trade debts | 44 | €8,742 | €386 | -€8,356 | -95.6% |
| Suppliers | 440/4 | €8,742 | €386 | -€8,356 | -95.6% |
| Taxes, remuneration and social security | 45 | €17,062 | €718 | -€16,344 | -95.8% |
| Taxes | 450/3 | €17,062 | €718 | -€16,344 | -95.8% |
| Other amounts payable | 47/48 | €124,686 | €96,874 | -€27,812 | -22.3% |
| Accrued charges and deferred income | 492/3 | €22,428 | €29,521 | +€7,093 | +31.6% |
| Non-recurring operating income | 76A | - | €39,812 | +€39,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,744 | €7,286 | -€10,457 | -58.9% |
| Other operating charges | 640/8 | €2,406 | €2,312 | -€94 | -3.9% |
| Gross operating margin | 9900 | €6,068 | €29,036 | +€22,968 | +378.5% |
| Operating profit (loss) | 9901 | -€14,082 | €19,437 | +€33,519 | |
| Financial income | 75/76B | - | €281 | +€281 | |
| Recurring financial income | 75 | - | €281 | +€281 | |
| Financial charges | 65/66B | €14,922 | €12,758 | -€2,164 | -14.5% |
| Recurring financial charges | 65 | €14,922 | €12,758 | -€2,164 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | -€29,004 | €6,960 | +€35,964 | |
| Transfer from deferred taxes | 780 | €615 | €615 | +€0 | 0.0% |
| Income taxes | 67/77 | €52,873 | €366 | -€52,506 | -99.3% |
| Profit (loss) for the period | 9904 | -€81,262 | €7,209 | +€88,471 | |
| Transfer from tax-exempt reserves | 789 | €1,846 | €1,846 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,415 | €9,056 | +€88,471 |
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 12 October 2026 via checked.be.