PEETERS SAMUEL: 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 SAMUEL
Largest movements
- Tangible fixed assets -€68,150
down €68,150 (-30.6%), from €222,616 to €154,466
of which Furniture and vehicles: -€66,104
- Receivables within one year -€63,469
down €63,469 (-43.1%), from €147,399 to €83,930
of which Trade receivables: -€63,336
- Cash -€22,191
down €22,191 (-38.0%), from €58,413 to €36,222
mainly Net result for the year (-€61,922) and Debts after one year (-€48,765)
- Profit (loss) carried forward -€61,922
down €61,922, from €58,228 to -€3,694
- Debts after one year -€48,765
down €48,765 (-19.4%), from €251,784 to €203,020
- Trade debts -€17,135
down €17,135 (-46.7%), from €36,719 to €19,584
- Tax, wage and social debts -€16,250
down €16,250 (-45.8%), from €35,471 to €19,221
- Current portion of long-term debt -€8,976
no longer reported in 2025 (was €8,976)
- Other operating charges +€47,540
new in 2025: €47,540
- Gross operating margin -€4,813
down €4,813 (-7.0%), from €68,508 to €63,694
- Financial income +€2,555
new in 2025: €2,555
- Depreciation +€929
up €929 (+1.4%), from €67,183 to €68,112
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 | €429,238 | €276,684 | -€152,554 | -35.5% |
| Fixed assets | 21/28 | €223,426 | €155,276 | -€68,150 | -30.5% |
| Tangible fixed assets | 22/27 | €222,616 | €154,466 | -€68,150 | -30.6% |
| Plant, machinery and equipment | 23 | €5,297 | €3,251 | -€2,046 | -38.6% |
| Furniture and vehicles | 24 | €217,319 | €151,215 | -€66,104 | -30.4% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €205,812 | €121,408 | -€84,404 | -41.0% |
| Amounts receivable within one year | 40/41 | €147,399 | €83,930 | -€63,469 | -43.1% |
| Trade receivables | 40 | €122,847 | €59,510 | -€63,336 | -51.6% |
| Other amounts receivable | 41 | €24,552 | €24,420 | -€132 | -0.5% |
| Cash at bank and in hand | 54/58 | €58,413 | €36,222 | -€22,191 | -38.0% |
| Deferred charges and accrued income | 490/1 | - | €1,255 | +€1,255 | |
| Total equity and liabilities | 10/49 | €429,238 | €276,684 | -€152,554 | -35.5% |
| Equity | 10/15 | €96,288 | €34,366 | -€61,922 | -64.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,860 | €31,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,228 | -€3,694 | -€61,922 | |
| Amounts payable | 17/49 | €332,950 | €242,318 | -€90,632 | -27.2% |
| Amounts payable after more than one year | 17 | €251,784 | €203,020 | -€48,765 | -19.4% |
| Financial debts | 170/4 | €251,784 | €203,020 | -€48,765 | -19.4% |
| Amounts payable within one year | 42/48 | €81,166 | €39,298 | -€41,868 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €8,976 | - | -€8,976 | |
| Trade debts | 44 | €36,719 | €19,584 | -€17,135 | -46.7% |
| Suppliers | 440/4 | €36,719 | €19,584 | -€17,135 | -46.7% |
| Taxes, remuneration and social security | 45 | €35,471 | €19,221 | -€16,250 | -45.8% |
| Taxes | 450/3 | €35,471 | €19,221 | -€16,250 | -45.8% |
| Other amounts payable | 47/48 | - | €494 | +€494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,183 | €68,112 | +€929 | +1.4% |
| Other operating charges | 640/8 | - | €47,540 | +€47,540 | |
| Gross operating margin | 9900 | €68,508 | €63,694 | -€4,813 | -7.0% |
| Operating profit (loss) | 9901 | €1,324 | -€51,958 | -€53,282 | |
| Financial income | 75/76B | - | €2,555 | +€2,555 | |
| Recurring financial income | 75 | - | €2,555 | +€2,555 | |
| Financial charges | 65/66B | €12,500 | €12,386 | -€113 | -0.9% |
| Recurring financial charges | 65 | €12,500 | €12,386 | -€113 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,175 | -€61,789 | -€50,614 | -453% |
| Income taxes | 67/77 | €420 | €133 | -€287 | -68.4% |
| Profit (loss) for the period | 9904 | -€11,595 | -€61,922 | -€50,327 | -434% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,595 | -€61,922 | -€50,327 | -434% |
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 27 October 2026 via checked.be.