PEETERS SVEN: 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 SVEN
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+54.6%), from €2.6m to €4.1m
of which Land and buildings: +€2.0m
- Receivables within one year -€592,415
down €592,415 (-66.7%), from €888,651 to €296,236
of which Other amounts receivable: -€369,388
- Cash -€138,389
down €138,389 (-75.5%), from €183,403 to €45,014
mainly Investment in fixed assets (net) (-€1.9m) and Contributions, distributions and other (-€542,694)
- Stocks and contracts -€75,246
down €75,246 (-59.3%), from €126,826 to €51,580
- Debts after one year +€1.4m
up €1.4m (+99.3%), from €1.4m to €2.8m
- Reserves -€562,194
down €562,194 (-36.7%), from €1.5m to €969,815
of which Distributable reserves: -€542,694
- Short-term financial debts -€103,306
down €103,306 (-25.6%), from €403,306 to €300,000
of which Other loans: -€203,306
- Profit (loss) carried forward -€78,658
new in 2025: -€78,658
- Current portion of long-term debt +€57,121
up €57,121 (+16.8%), from €339,336 to €396,457
- Gross operating margin -€480,888
down €480,888 (-32.6%), from €1.5m to €995,374
- Taxes -€227,225
down €227,225 (-98.5%), from €230,637 to €3,413
- Other operating charges +€185,050
up €185,050 (+409%), from €45,289 to €230,339
- Depreciation +€54,117
up €54,117 (+12.8%), from €421,903 to €476,020
- Financial charges +€52,993
up €52,993 (+73.6%), from €71,955 to €124,949
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 | €3,845,721 | €4,485,339 | +€639,618 | +16.6% |
| Fixed assets | 21/28 | €2,645,508 | €4,090,449 | +€1.4m | +54.6% |
| Tangible fixed assets | 22/27 | €2,644,698 | €4,089,774 | +€1.4m | +54.6% |
| Land and buildings | 22 | €1,440,192 | €3,431,370 | +€2.0m | +138% |
| Plant, machinery and equipment | 23 | €509,036 | €351,808 | -€157,229 | -30.9% |
| Furniture and vehicles | 24 | €592,205 | €294,495 | -€297,710 | -50.3% |
| Other tangible fixed assets | 26 | €14,415 | €12,101 | -€2,314 | -16.1% |
| Assets under construction and advance payments | 27 | €88,850 | - | -€88,850 | |
| Financial fixed assets | 28 | €810 | €675 | -€135 | -16.7% |
| Current assets | 29/58 | €1,200,213 | €394,891 | -€805,323 | -67.1% |
| Stocks and contracts in progress | 3 | €126,826 | €51,580 | -€75,246 | -59.3% |
| Contracts in progress | 37 | €126,826 | €51,580 | -€75,246 | -59.3% |
| Amounts receivable within one year | 40/41 | €888,651 | €296,236 | -€592,415 | -66.7% |
| Trade receivables | 40 | €394,089 | €171,062 | -€223,027 | -56.6% |
| Other amounts receivable | 41 | €494,562 | €125,175 | -€369,388 | -74.7% |
| Cash at bank and in hand | 54/58 | €183,403 | €45,014 | -€138,389 | -75.5% |
| Deferred charges and accrued income | 490/1 | €1,333 | €2,060 | +€728 | +54.6% |
| Total equity and liabilities | 10/49 | €3,845,721 | €4,485,339 | +€639,618 | +16.6% |
| Equity | 10/15 | €1,588,209 | €947,357 | -€640,852 | -40.4% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €1,532,009 | €969,815 | -€562,194 | -36.7% |
| Tax-exempt reserves | 132 | €73,032 | €53,532 | -€19,500 | -26.7% |
| Distributable reserves | 133 | €1,458,977 | €916,284 | -€542,694 | -37.2% |
| Profit (loss) carried forward | 14 | - | -€78,658 | -€78,658 | |
| Provisions and deferred taxes | 16 | €24,344 | €17,844 | -€6,500 | -26.7% |
| Deferred taxes | 168 | €24,344 | €17,844 | -€6,500 | -26.7% |
| Amounts payable | 17/49 | €2,233,168 | €3,520,138 | +€1.3m | +57.6% |
| Amounts payable after more than one year | 17 | €1,392,887 | €2,776,172 | +€1.4m | +99.3% |
| Financial debts | 170/4 | €1,392,887 | €2,776,172 | +€1.4m | +99.3% |
| Amounts payable within one year | 42/48 | €839,907 | €739,255 | -€100,652 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €339,336 | €396,457 | +€57,121 | +16.8% |
| Financial debts | 43 | €403,306 | €300,000 | -€103,306 | -25.6% |
| Credit institutions | 430/8 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Other loans | 439 | €203,306 | - | -€203,306 | |
| Trade debts | 44 | €73,273 | €24,064 | -€49,210 | -67.2% |
| Suppliers | 440/4 | €73,273 | €24,064 | -€49,210 | -67.2% |
| Taxes, remuneration and social security | 45 | €23,992 | €18,734 | -€5,258 | -21.9% |
| Taxes | 450/3 | €12,715 | €4,633 | -€8,082 | -63.6% |
| Remuneration and social security | 454/9 | €11,277 | €14,101 | +€2,824 | +25.0% |
| Accrued charges and deferred income | 492/3 | €374 | €4,711 | +€4,336 | +1,159% |
| Non-recurring operating income | 76A | €21,045 | €81,500 | +€60,455 | +287% |
| Remuneration, social security and pensions | 62 | €222,358 | €249,262 | +€26,904 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421,903 | €476,020 | +€54,117 | +12.8% |
| Other operating charges | 640/8 | €45,289 | €230,339 | +€185,050 | +409% |
| Non-recurring operating charges | 66A | €27,929 | €38,539 | +€10,610 | +38.0% |
| Gross operating margin | 9900 | €1,476,262 | €995,374 | -€480,888 | -32.6% |
| Operating profit (loss) | 9901 | €758,783 | €1,214 | -€757,569 | -99.8% |
| Financial income | 75/76B | €27,078 | €22,489 | -€4,589 | -16.9% |
| Recurring financial income | 75 | €27,078 | €22,489 | -€4,589 | -16.9% |
| Financial charges | 65/66B | €71,955 | €124,949 | +€52,993 | +73.6% |
| Recurring financial charges | 65 | €71,955 | €124,949 | +€52,993 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | €713,906 | -€101,245 | -€815,152 | |
| Transfer from deferred taxes | 780 | €6,500 | €6,500 | = | 0.0% |
| Income taxes | 67/77 | €230,637 | €3,413 | -€227,225 | -98.5% |
| Profit (loss) for the period | 9904 | €489,769 | -€98,158 | -€587,927 | |
| Transfer from tax-exempt reserves | 789 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €509,269 | -€78,658 | -€587,927 |
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 24 October 2026 via checked.be.