Peeters-Smets: 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-Smets
Largest movements
- Cash -€6,284
down €6,284 (-26.4%), from €23,804 to €17,520
mainly Receivables within one year (-€5,313) and Tax, wage and social debts (-€4,390)
- Receivables within one year +€5,313
up €5,313 (+46.6%), from €11,405 to €16,717
- Stocks and contracts +€619
up €619 (+5.7%), from €10,945 to €11,564
- Other debts +€5,250
up €5,250 (+12.4%), from €42,360 to €47,610
- Tax, wage and social debts -€4,390
down €4,390 (-80.4%), from €5,458 to €1,069
of which Remuneration and social security: -€4,200
- Trade debts -€2,128
down €2,128 (-67.9%), from €3,133 to €1,005
- Profit (loss) carried forward +€536
up €536 (+1.4%), from -€36,962 to -€36,426
- Gross operating margin +€2,494
up €2,494, from -€126 to €2,367
- Financial charges +€122
up €122 (+110.5%), from €110 to €232
- Depreciation -€115
down €115 (-23.3%), from €495 to €380
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.
Cash bridge derived
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 | €47,073 | €46,341 | -€732 | -1.6% |
| Fixed assets | 21/28 | €919 | €539 | -€380 | -41.3% |
| Tangible fixed assets | 22/27 | €919 | €539 | -€380 | -41.3% |
| Plant, machinery and equipment | 23 | €919 | €539 | -€380 | -41.3% |
| Current assets | 29/58 | €46,154 | €45,802 | -€352 | -0.8% |
| Stocks and contracts in progress | 3 | €10,945 | €11,564 | +€619 | +5.7% |
| Stocks | 30/36 | €10,945 | €11,564 | +€619 | +5.7% |
| Amounts receivable within one year | 40/41 | €11,405 | €16,717 | +€5,313 | +46.6% |
| Trade receivables | 40 | €11,405 | €16,717 | +€5,313 | +46.6% |
| Cash at bank and in hand | 54/58 | €23,804 | €17,520 | -€6,284 | -26.4% |
| Total equity and liabilities | 10/49 | €47,073 | €46,341 | -€732 | -1.6% |
| Equity | 10/15 | -€3,879 | -€3,343 | +€536 | +13.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €8,294 | €8,294 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,294 | €8,294 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,294 | €8,294 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,962 | -€36,426 | +€536 | +1.4% |
| Amounts payable | 17/49 | €50,951 | €49,684 | -€1,268 | -2.5% |
| Amounts payable within one year | 42/48 | €50,951 | €49,684 | -€1,268 | -2.5% |
| Trade debts | 44 | €3,133 | €1,005 | -€2,128 | -67.9% |
| Suppliers | 440/4 | €3,133 | €1,005 | -€2,128 | -67.9% |
| Taxes, remuneration and social security | 45 | €5,458 | €1,069 | -€4,390 | -80.4% |
| Taxes | 450/3 | €1,258 | €1,069 | -€190 | -15.1% |
| Remuneration and social security | 454/9 | €4,200 | - | -€4,200 | |
| Other amounts payable | 47/48 | €42,360 | €47,610 | +€5,250 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €495 | €380 | -€115 | -23.3% |
| Other operating charges | 640/8 | €1,051 | €1,060 | +€9 | +0.8% |
| Gross operating margin | 9900 | -€126 | €2,367 | +€2,494 | |
| Operating profit (loss) | 9901 | -€1,673 | €928 | +€2,600 | |
| Financial income | 75/76B | €2 | €4 | +€2 | +86.9% |
| Recurring financial income | 75 | €2 | €4 | +€2 | +86.9% |
| Financial charges | 65/66B | €110 | €232 | +€122 | +110.5% |
| Recurring financial charges | 65 | €110 | €232 | +€122 | +110.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,781 | €699 | +€2,480 | |
| Income taxes | 67/77 | €155 | €164 | +€8 | +5.4% |
| Profit (loss) for the period | 9904 | -€1,936 | €536 | +€2,472 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,936 | €536 | +€2,472 |
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 9 October 2026 via checked.be.