Peeters Lars: what changed
Peeters Lars
Largest movements
- Tangible fixed assets +€79,918
up €79,918 (+155%), from €51,449 to €131,367
of which Furniture and vehicles: +€91,626
- Cash -€48,392
down €48,392 (-88.0%), from €54,962 to €6,569
mainly Investment in fixed assets (net) (-€102,321) and Receivables within one year (-€27,694)
- Receivables within one year +€27,694
up €27,694 (+116%), from €23,973 to €51,667
of which Other amounts receivable: +€23,264
- Other debts +€44,886
up €44,886 (+1,784%), from €2,516 to €47,402
- Reserves +€42,159
up €42,159 (+65.0%), from €64,864 to €107,023
- Tax, wage and social debts -€15,727
down €15,727 (-89.1%), from €17,660 to €1,933
of which Taxes: -€13,878
- Debts after one year -€6,821
down €6,821 (-26.4%), from €25,807 to €18,986
- Trade debts -€4,930
down €4,930 (-57.6%), from €8,553 to €3,623
- Staff costs +€17,809
up €17,809 (+33.8%), from €52,630 to €70,439
- Depreciation +€11,988
up €11,988 (+115%), from €10,415 to €22,403
- Taxes -€4,647
down €4,647 (-30.1%), from €15,454 to €10,808
- Gross operating margin +€2,151
up €2,151 (+1.5%), from €145,364 to €147,515
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,945 | €190,787 | +€59,843 | +45.7% |
| Fixed assets | 21/28 | €51,449 | €131,367 | +€79,918 | +155% |
| Tangible fixed assets | 22/27 | €51,449 | €131,367 | +€79,918 | +155% |
| Plant, machinery and equipment | 23 | €50,027 | €38,318 | -€11,708 | -23.4% |
| Furniture and vehicles | 24 | €1,422 | €93,048 | +€91,626 | +6,443% |
| Current assets | 29/58 | €79,496 | €59,421 | -€20,075 | -25.3% |
| Amounts receivable within one year | 40/41 | €23,973 | €51,667 | +€27,694 | +116% |
| Trade receivables | 40 | €23,973 | €28,403 | +€4,430 | +18.5% |
| Other amounts receivable | 41 | - | €23,264 | +€23,264 | |
| Cash at bank and in hand | 54/58 | €54,962 | €6,569 | -€48,392 | -88.0% |
| Deferred charges and accrued income | 490/1 | €561 | €1,185 | +€623 | +111% |
| Total equity and liabilities | 10/49 | €130,945 | €190,787 | +€59,843 | +45.7% |
| Equity | 10/15 | €69,864 | €112,023 | +€42,159 | +60.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €64,864 | €107,023 | +€42,159 | +65.0% |
| Distributable reserves | 133 | €64,864 | €107,023 | +€42,159 | +65.0% |
| Amounts payable | 17/49 | €61,080 | €78,764 | +€17,684 | +29.0% |
| Amounts payable after more than one year | 17 | €25,807 | €18,986 | -€6,821 | -26.4% |
| Financial debts | 170/4 | €25,807 | €18,986 | -€6,821 | -26.4% |
| Amounts payable within one year | 42/48 | €35,273 | €59,778 | +€24,505 | +69.5% |
| Current portion of amounts payable after more than one year | 42 | €6,545 | €6,821 | +€277 | +4.2% |
| Trade debts | 44 | €8,553 | €3,623 | -€4,930 | -57.6% |
| Suppliers | 440/4 | €8,553 | €3,623 | -€4,930 | -57.6% |
| Taxes, remuneration and social security | 45 | €17,660 | €1,933 | -€15,727 | -89.1% |
| Taxes | 450/3 | €15,811 | €1,933 | -€13,878 | -87.8% |
| Remuneration and social security | 454/9 | €1,848 | - | -€1,848 | |
| Other amounts payable | 47/48 | €2,516 | €47,402 | +€44,886 | +1,784% |
| Remuneration, social security and pensions | 62 | €52,630 | €70,439 | +€17,809 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,415 | €22,403 | +€11,988 | +115% |
| Other operating charges | 640/8 | €496 | €596 | +€100 | +20.3% |
| Gross operating margin | 9900 | €145,364 | €147,515 | +€2,151 | +1.5% |
| Operating profit (loss) | 9901 | €81,823 | €54,077 | -€27,746 | -33.9% |
| Financial income | 75/76B | €334 | €395 | +€61 | +18.2% |
| Recurring financial income | 75 | €334 | €395 | +€61 | +18.2% |
| Financial charges | 65/66B | €1,838 | €1,505 | -€333 | -18.1% |
| Recurring financial charges | 65 | €1,838 | €1,505 | -€333 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €80,318 | €52,966 | -€27,352 | -34.1% |
| Income taxes | 67/77 | €15,454 | €10,808 | -€4,647 | -30.1% |
| Profit (loss) for the period | 9904 | €64,864 | €42,159 | -€22,705 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €64,864 | €42,159 | -€22,705 | -35.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.