PEETERS-MENTENS: 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-MENTENS
Largest movements
- Receivables within one year +€108,430
up €108,430 (+108%), from €100,834 to €209,264
of which Trade receivables: +€127,600
- Tangible fixed assets -€29,626
down €29,626 (-2.9%), from €1.0m to €981,365
- Stocks and contracts -€15,241
down €15,241 (-94.7%), from €16,094 to €853
- Cash +€12,595
new in 2025: €12,595
mainly Net result for the year (+€81,302) and Tax, wage and social debts (+€36,965)
- Reserves +€80,000
up €80,000 (+31.4%), from €254,660 to €334,660
- Debts after one year -€55,268
down €55,268 (-8.9%), from €622,717 to €567,449
- Tax, wage and social debts +€36,965
up €36,965 (+1,246%), from €2,968 to €39,932
- Gross operating margin +€44,062
up €44,062 (+37.1%), from €118,890 to €162,952
- Taxes +€20,230
up €20,230 (+154%), from €13,130 to €33,360
- Depreciation -€15,445
down €15,445 (-34.3%), from €45,071 to €29,626
- Financial charges -€7,860
down €7,860 (-34.3%), from €22,921 to €15,061
- Financial income -€1,994
no longer reported in 2025 (was €1,994)
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 | €1,136,496 | €1,211,255 | +€74,759 | +6.6% |
| Fixed assets | 21/28 | €1,010,991 | €981,365 | -€29,626 | -2.9% |
| Tangible fixed assets | 22/27 | €1,010,991 | €981,365 | -€29,626 | -2.9% |
| Land and buildings | 22 | €1,010,991 | €981,365 | -€29,626 | -2.9% |
| Current assets | 29/58 | €125,505 | €229,891 | +€104,385 | +83.2% |
| Stocks and contracts in progress | 3 | €16,094 | €853 | -€15,241 | -94.7% |
| Stocks | 30/36 | €16,094 | €853 | -€15,241 | -94.7% |
| Amounts receivable within one year | 40/41 | €100,834 | €209,264 | +€108,430 | +108% |
| Trade receivables | 40 | €61,580 | €189,180 | +€127,600 | +207% |
| Other amounts receivable | 41 | €39,254 | €20,084 | -€19,170 | -48.8% |
| Cash at bank and in hand | 54/58 | - | €12,595 | +€12,595 | |
| Deferred charges and accrued income | 490/1 | €8,578 | €7,178 | -€1,400 | -16.3% |
| Total equity and liabilities | 10/49 | €1,136,496 | €1,211,255 | +€74,759 | +6.6% |
| Equity | 10/15 | €267,789 | €349,091 | +€81,302 | +30.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €254,660 | €334,660 | +€80,000 | +31.4% |
| Distributable reserves | 133 | €254,660 | €334,660 | +€80,000 | +31.4% |
| Profit (loss) carried forward | 14 | €729 | €2,031 | +€1,302 | +179% |
| Amounts payable | 17/49 | €868,708 | €862,164 | -€6,543 | -0.8% |
| Amounts payable after more than one year | 17 | €622,717 | €567,449 | -€55,268 | -8.9% |
| Financial debts | 170/4 | €622,717 | €567,449 | -€55,268 | -8.9% |
| Amounts payable within one year | 42/48 | €245,836 | €284,710 | +€38,874 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €64,876 | €55,268 | -€9,608 | -14.8% |
| Financial debts | 43 | €371 | - | -€371 | |
| Credit institutions | 430/8 | €371 | - | -€371 | |
| Trade debts | 44 | €19,926 | €31,815 | +€11,889 | +59.7% |
| Suppliers | 440/4 | €19,926 | €31,815 | +€11,889 | +59.7% |
| Taxes, remuneration and social security | 45 | €2,968 | €39,932 | +€36,965 | +1,246% |
| Taxes | 450/3 | €2,968 | €39,932 | +€36,965 | +1,246% |
| Other amounts payable | 47/48 | €157,695 | €157,695 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €154 | €10,005 | +€9,851 | +6,400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,071 | €29,626 | -€15,445 | -34.3% |
| Other operating charges | 640/8 | €5,491 | €3,603 | -€1,888 | -34.4% |
| Gross operating margin | 9900 | €118,890 | €162,952 | +€44,062 | +37.1% |
| Operating profit (loss) | 9901 | €68,328 | €129,723 | +€61,395 | +89.9% |
| Financial income | 75/76B | €1,994 | - | -€1,994 | |
| Recurring financial income | 75 | €1,994 | - | -€1,994 | |
| Financial charges | 65/66B | €22,921 | €15,061 | -€7,860 | -34.3% |
| Recurring financial charges | 65 | €22,921 | €15,061 | -€7,860 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €47,402 | €114,663 | +€67,261 | +142% |
| Income taxes | 67/77 | €13,130 | €33,360 | +€20,230 | +154% |
| Profit (loss) for the period | 9904 | €34,272 | €81,302 | +€47,030 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €34,272 | €81,302 | +€47,030 | +137% |
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.