PEETERS PAUL: 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 PAUL
Largest movements
- Receivables within one year +€17,331
up €17,331 (+20.4%), from €85,022 to €102,353
of which Trade receivables: +€16,879
- Stocks and contracts -€10,657
down €10,657 (-11.1%), from €96,257 to €85,600
- Tangible fixed assets -€9,414
down €9,414 (-20.5%), from €45,954 to €36,540
of which Furniture and vehicles: -€8,658
- Cash +€5,221
up €5,221 (+12.9%), from €40,430 to €45,651
mainly Advances received (+€14,577) and Stocks and contracts (+€10,657)
- Advances received +€14,577
up €14,577 (+245%), from €5,956 to €20,532
- Other debts -€6,688
down €6,688 (-78.3%), from €8,537 to €1,848
- Current portion of long-term debt -€4,658
no longer reported in 2024 (was €4,658)
- Trade debts -€3,020
down €3,020 (-30.4%), from €9,926 to €6,906
- Gross operating margin -€49,590
down €49,590 (-75.4%), from €65,758 to €16,168
- Write-downs -€21,250
no longer reported in 2024 (was €21,250)
- Other operating charges -€13,389
down €13,389 (-91.1%), from €14,695 to €1,306
- Depreciation +€4,518
up €4,518 (+92.3%), from €4,896 to €9,414
- Taxes -€4,261
down €4,261 (-62.3%), from €6,843 to €2,581
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 | €267,911 | €270,392 | +€2,481 | +0.9% |
| Fixed assets | 21/28 | €46,202 | €36,788 | -€9,414 | -20.4% |
| Tangible fixed assets | 22/27 | €45,954 | €36,540 | -€9,414 | -20.5% |
| Land and buildings | 22 | €6,994 | €6,238 | -€756 | -10.8% |
| Furniture and vehicles | 24 | €38,960 | €30,302 | -€8,658 | -22.2% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €221,709 | €233,604 | +€11,895 | +5.4% |
| Stocks and contracts in progress | 3 | €96,257 | €85,600 | -€10,657 | -11.1% |
| Stocks | 30/36 | €96,257 | €85,600 | -€10,657 | -11.1% |
| Amounts receivable within one year | 40/41 | €85,022 | €102,353 | +€17,331 | +20.4% |
| Trade receivables | 40 | €12,170 | €29,049 | +€16,879 | +139% |
| Other amounts receivable | 41 | €72,852 | €73,304 | +€452 | +0.6% |
| Cash at bank and in hand | 54/58 | €40,430 | €45,651 | +€5,221 | +12.9% |
| Total equity and liabilities | 10/49 | €267,911 | €270,392 | +€2,481 | +0.9% |
| Equity | 10/15 | €196,337 | €197,910 | +€1,573 | +0.8% |
| Contributions | 10/11 | €144,000 | €144,000 | = | 0.0% |
| Reserves | 13 | €24,437 | €25,937 | +€1,500 | +6.1% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €18,500 | +€1,500 | +8.8% |
| Profit (loss) carried forward | 14 | €27,901 | €27,973 | +€73 | +0.3% |
| Amounts payable | 17/49 | €71,573 | €72,482 | +€909 | +1.3% |
| Amounts payable after more than one year | 17 | €33,771 | €33,771 | = | 0.0% |
| Financial debts | 170/4 | €18,460 | €18,460 | = | 0.0% |
| Other amounts payable | 178/9 | €15,311 | €15,311 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,802 | €38,711 | +€909 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €4,658 | - | -€4,658 | |
| Trade debts | 44 | €9,926 | €6,906 | -€3,020 | -30.4% |
| Suppliers | 440/4 | €9,926 | €6,906 | -€3,020 | -30.4% |
| Advances received on contracts in progress | 46 | €5,956 | €20,532 | +€14,577 | +245% |
| Taxes, remuneration and social security | 45 | €8,726 | €9,424 | +€698 | +8.0% |
| Taxes | 450/3 | €8,726 | €9,424 | +€698 | +8.0% |
| Other amounts payable | 47/48 | €8,537 | €1,848 | -€6,688 | -78.3% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,896 | €9,414 | +€4,518 | +92.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,250 | - | -€21,250 | |
| Other operating charges | 640/8 | €14,695 | €1,306 | -€13,389 | -91.1% |
| Gross operating margin | 9900 | €65,758 | €16,168 | -€49,590 | -75.4% |
| Operating profit (loss) | 9901 | €24,916 | €5,448 | -€19,468 | -78.1% |
| Financial charges | 65/66B | €670 | €1,294 | +€624 | +93.1% |
| Recurring financial charges | 65 | €670 | €1,294 | +€624 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €24,247 | €4,154 | -€20,092 | -82.9% |
| Income taxes | 67/77 | €6,843 | €2,581 | -€4,261 | -62.3% |
| Profit (loss) for the period | 9904 | €17,404 | €1,573 | -€15,831 | -91.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,404 | €1,573 | -€15,831 | -91.0% |
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 17 October 2026 via checked.be.