Peeters - Lambrechts: 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 - Lambrechts
Largest movements
- Receivables within one year -€120,459
down €120,459 (-11.2%), from €1.1m to €957,541
of which Trade receivables: -€114,253
- Stocks and contracts -€68,589
down €68,589 (-12.6%), from €543,904 to €475,315
- Cash +€46,548
up €46,548 (+63.9%), from €72,875 to €119,423
mainly Receivables within one year (+€120,459) and Stocks and contracts (+€68,589)
- Current investments -€30,172
down €30,172 (-71.1%), from €42,418 to €12,246
- Trade debts -€111,284
down €111,284 (-21.8%), from €510,649 to €399,364
- Tax, wage and social debts -€100,776
down €100,776 (-71.4%), from €141,137 to €40,361
of which Taxes: -€51,601
- Short-term financial debts +€28,969
up €28,969 (+5.1%), from €569,673 to €598,642
- Staff costs -€172,124
down €172,124 (-34.1%), from €505,349 to €333,225
- Gross operating margin -€171,608
down €171,608 (-28.9%), from €593,798 to €422,190
- Financial charges -€11,394
down €11,394 (-18.4%), from €62,092 to €50,698
- Financial income +€10,389
up €10,389 (+168%), from €6,202 to €16,590
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 | €1,885,068 | €1,696,621 | -€188,448 | -10.0% |
| Fixed assets | 21/28 | €106,954 | €92,783 | -€14,171 | -13.2% |
| Intangible fixed assets | 21 | €2,197 | €643 | -€1,554 | -70.7% |
| Tangible fixed assets | 22/27 | €75,901 | €63,284 | -€12,617 | -16.6% |
| Land and buildings | 22 | €21,676 | €19,547 | -€2,129 | -9.8% |
| Plant, machinery and equipment | 23 | €24,381 | €22,984 | -€1,397 | -5.7% |
| Furniture and vehicles | 24 | €29,844 | €20,753 | -€9,092 | -30.5% |
| Financial fixed assets | 28 | €28,856 | €28,856 | = | 0.0% |
| Current assets | 29/58 | €1,778,114 | €1,603,838 | -€174,277 | -9.8% |
| Amounts receivable after more than one year | 29 | €4,642 | €4,642 | = | 0.0% |
| Other amounts receivable | 291 | €4,642 | €4,642 | = | 0.0% |
| Stocks and contracts in progress | 3 | €543,904 | €475,315 | -€68,589 | -12.6% |
| Stocks | 30/36 | €543,904 | €475,315 | -€68,589 | -12.6% |
| Amounts receivable within one year | 40/41 | €1,078,000 | €957,541 | -€120,459 | -11.2% |
| Trade receivables | 40 | €1,045,251 | €930,998 | -€114,253 | -10.9% |
| Other amounts receivable | 41 | €32,749 | €26,543 | -€6,206 | -18.9% |
| Current investments | 50/53 | €42,418 | €12,246 | -€30,172 | -71.1% |
| Cash at bank and in hand | 54/58 | €72,875 | €119,423 | +€46,548 | +63.9% |
| Deferred charges and accrued income | 490/1 | €36,275 | €34,669 | -€1,605 | -4.4% |
| Total equity and liabilities | 10/49 | €1,885,068 | €1,696,621 | -€188,448 | -10.0% |
| Equity | 10/15 | €595,873 | €610,678 | +€14,805 | +2.5% |
| Contributions | 10/11 | €28,600 | €28,600 | = | 0.0% |
| Reserves | 13 | €567,273 | €582,078 | +€14,805 | +2.6% |
| Distributable reserves | 133 | €567,273 | €582,078 | +€14,805 | +2.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,289,195 | €1,085,942 | -€203,253 | -15.8% |
| Amounts payable after more than one year | 17 | €19,642 | €3,706 | -€15,936 | -81.1% |
| Financial debts | 170/4 | €19,642 | €3,706 | -€15,936 | -81.1% |
| Amounts payable within one year | 42/48 | €1,269,553 | €1,082,237 | -€187,317 | -14.8% |
| Financial debts | 43 | €569,673 | €598,642 | +€28,969 | +5.1% |
| Credit institutions | 430/8 | €569,673 | €598,642 | +€28,969 | +5.1% |
| Trade debts | 44 | €510,649 | €399,364 | -€111,284 | -21.8% |
| Suppliers | 440/4 | €510,649 | €399,364 | -€111,284 | -21.8% |
| Taxes, remuneration and social security | 45 | €141,137 | €40,361 | -€100,776 | -71.4% |
| Taxes | 450/3 | €86,522 | €34,921 | -€51,601 | -59.6% |
| Remuneration and social security | 454/9 | €54,615 | €5,440 | -€49,175 | -90.0% |
| Other amounts payable | 47/48 | €48,095 | €43,870 | -€4,225 | -8.8% |
| Non-recurring operating income | 76A | - | €4,795 | +€4,795 | |
| Remuneration, social security and pensions | 62 | €505,349 | €333,225 | -€172,124 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,270 | €19,795 | +€1,525 | +8.3% |
| Other operating charges | 640/8 | €11,022 | €11,421 | +€399 | +3.6% |
| Gross operating margin | 9900 | €593,798 | €422,190 | -€171,608 | -28.9% |
| Operating profit (loss) | 9901 | €59,157 | €57,748 | -€1,409 | -2.4% |
| Financial income | 75/76B | €6,202 | €16,590 | +€10,389 | +168% |
| Recurring financial income | 75 | €6,202 | €16,590 | +€10,389 | +168% |
| Financial charges | 65/66B | €62,092 | €50,698 | -€11,394 | -18.4% |
| Recurring financial charges | 65 | €62,092 | €50,698 | -€11,394 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €3,267 | €23,641 | +€20,374 | +624% |
| Income taxes | 67/77 | €6,463 | €8,836 | +€2,373 | +36.7% |
| Profit (loss) for the period | 9904 | -€3,196 | €14,805 | +€18,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,196 | €14,805 | +€18,001 |
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 21 October 2026 via checked.be.