PEETERS M: 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 M
Largest movements
- Tangible fixed assets +€39,463
up €39,463 (+55.1%), from €71,619 to €111,082
of which Leasing and similar rights: +€47,163
- Receivables within one year +€26,012
up €26,012 (+115%), from €22,619 to €48,631
of which Trade receivables: +€27,149
- Cash -€19,210
down €19,210 (-92.3%), from €20,819 to €1,610
mainly Investment in fixed assets (net) (-€51,100) and Net result for the year (-€43,854)
- Advances received +€46,540
new in 2024: €46,540
- Profit (loss) carried forward -€43,854
down €43,854 (-57.3%), from -€76,585 to -€120,439
- Debts after one year +€33,388
new in 2024: €33,388
- Other debts +€16,292
up €16,292 (+25.6%), from €63,744 to €80,037
- Trade debts -€6,414
down €6,414 (-43.6%), from €14,726 to €8,311
- Gross operating margin -€26,588
down €26,588, from €570 to -€26,018
- Depreciation +€3,974
up €3,974 (+51.9%), from €7,663 to €11,637
- Other operating charges -€973
down €973 (-33.6%), from €2,899 to €1,926
- Financial charges -€411
down €411 (-8.7%), from €4,732 to €4,321
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,938 | €163,083 | +€46,145 | +39.5% |
| Fixed assets | 21/28 | €73,234 | €112,697 | +€39,463 | +53.9% |
| Tangible fixed assets | 22/27 | €71,619 | €111,082 | +€39,463 | +55.1% |
| Land and buildings | 22 | €1,233 | €1,233 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,106 | €1,642 | -€464 | -22.0% |
| Furniture and vehicles | 24 | €65,206 | €58,739 | -€6,467 | -9.9% |
| Leasing and similar rights | 25 | - | €47,163 | +€47,163 | |
| Other tangible fixed assets | 26 | €3,074 | €2,306 | -€769 | -25.0% |
| Financial fixed assets | 28 | €1,615 | €1,615 | = | 0.0% |
| Current assets | 29/58 | €43,704 | €50,386 | +€6,682 | +15.3% |
| Amounts receivable within one year | 40/41 | €22,619 | €48,631 | +€26,012 | +115% |
| Trade receivables | 40 | €11,470 | €38,620 | +€27,149 | +237% |
| Other amounts receivable | 41 | €11,148 | €10,011 | -€1,137 | -10.2% |
| Cash at bank and in hand | 54/58 | €20,819 | €1,610 | -€19,210 | -92.3% |
| Deferred charges and accrued income | 490/1 | €266 | €146 | -€120 | -45.2% |
| Total equity and liabilities | 10/49 | €116,938 | €163,083 | +€46,145 | +39.5% |
| Equity | 10/15 | €2,975 | -€40,879 | -€43,854 | |
| Contributions | 10/11 | €71,200 | €71,200 | = | 0.0% |
| Reserves | 13 | €8,360 | €8,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,360 | €8,360 | = | 0.0% |
| Other | 1319 | €8,360 | €8,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,585 | -€120,439 | -€43,854 | -57.3% |
| Amounts payable | 17/49 | €113,963 | €203,962 | +€89,999 | +79.0% |
| Amounts payable after more than one year | 17 | - | €33,388 | +€33,388 | |
| Financial debts | 170/4 | - | €33,388 | +€33,388 | |
| Amounts payable within one year | 42/48 | €113,963 | €170,574 | +€56,611 | +49.7% |
| Current portion of amounts payable after more than one year | 42 | €4,850 | €8,347 | +€3,497 | +72.1% |
| Financial debts | 43 | €9,926 | €10,688 | +€762 | +7.7% |
| Credit institutions | 430/8 | €9,926 | €10,688 | +€762 | +7.7% |
| Trade debts | 44 | €14,726 | €8,311 | -€6,414 | -43.6% |
| Suppliers | 440/4 | €14,726 | €8,311 | -€6,414 | -43.6% |
| Advances received on contracts in progress | 46 | - | €46,540 | +€46,540 | |
| Taxes, remuneration and social security | 45 | €20,716 | €16,652 | -€4,065 | -19.6% |
| Taxes | 450/3 | €20,716 | €16,652 | -€4,065 | -19.6% |
| Other amounts payable | 47/48 | €63,744 | €80,037 | +€16,292 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,663 | €11,637 | +€3,974 | +51.9% |
| Other operating charges | 640/8 | €2,899 | €1,926 | -€973 | -33.6% |
| Gross operating margin | 9900 | €570 | -€26,018 | -€26,588 | |
| Operating profit (loss) | 9901 | -€9,992 | -€39,581 | -€29,589 | -296% |
| Financial income | 75/76B | €88 | €48 | -€40 | -45.8% |
| Recurring financial income | 75 | €88 | €48 | -€40 | -45.8% |
| Financial charges | 65/66B | €4,732 | €4,321 | -€411 | -8.7% |
| Recurring financial charges | 65 | €4,732 | €4,321 | -€411 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€14,636 | -€43,854 | -€29,218 | -200% |
| Profit (loss) for the period | 9904 | -€14,636 | -€43,854 | -€29,218 | -200% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,636 | -€43,854 | -€29,218 | -200% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.