PEETERS TENTEN: what changed
PEETERS TENTEN
Largest movements
- Tangible fixed assets +€106,023
up €106,023 (+102%), from €103,942 to €209,965
of which Leasing and similar rights: +€122,459
- Deferred charges and accrued income +€20,071
up €20,071 (+88.0%), from €22,804 to €42,875
- Receivables within one year -€18,140
down €18,140 (-50.9%), from €35,617 to €17,477
of which Trade receivables: -€10,751
- Cash -€4,989
down €4,989 (-7.5%), from €66,100 to €61,111
mainly Investment in fixed assets (net) (-€140,471) and Deferred charges and accrued income (-€20,071)
- Debts after one year +€104,715
new in 2025: €104,715
- Current portion of long-term debt +€17,661
new in 2025: €17,661
- Reserves +€15,227
up €15,227 (+11.3%), from €134,454 to €149,681
- Trade debts -€15,049
down €15,049 (-61.2%), from €24,607 to €9,558
- Other debts -€13,571
down €13,571 (-26.8%), from €50,716 to €37,146
- Gross operating margin -€39,850
down €39,850 (-18.9%), from €210,791 to €170,941
- Taxes -€16,672
down €16,672 (-87.8%), from €18,993 to €2,320
- Depreciation +€8,378
up €8,378 (+32.1%), from €26,070 to €34,448
- Other operating charges -€4,794
down €4,794 (-32.8%), from €14,612 to €9,818
- Staff costs -€3,241
down €3,241 (-3.4%), from €95,285 to €92,045
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €232,894 | €338,603 | +€105,709 | +45.4% |
| Fixed assets | 21/28 | €103,942 | €209,965 | +€106,023 | +102% |
| Tangible fixed assets | 22/27 | €103,942 | €209,965 | +€106,023 | +102% |
| Land and buildings | 22 | €25,002 | €26,296 | +€1,294 | +5.2% |
| Plant, machinery and equipment | 23 | €70,707 | €54,778 | -€15,929 | -22.5% |
| Furniture and vehicles | 24 | €8,232 | €6,432 | -€1,800 | -21.9% |
| Leasing and similar rights | 25 | - | €122,459 | +€122,459 | |
| Current assets | 29/58 | €128,952 | €128,638 | -€314 | -0.2% |
| Stocks and contracts in progress | 3 | €4,431 | €7,174 | +€2,743 | +61.9% |
| Stocks | 30/36 | €4,431 | €7,174 | +€2,743 | +61.9% |
| Amounts receivable within one year | 40/41 | €35,617 | €17,477 | -€18,140 | -50.9% |
| Trade receivables | 40 | €18,227 | €7,477 | -€10,751 | -59.0% |
| Other amounts receivable | 41 | €17,390 | €10,001 | -€7,389 | -42.5% |
| Cash at bank and in hand | 54/58 | €66,100 | €61,111 | -€4,989 | -7.5% |
| Deferred charges and accrued income | 490/1 | €22,804 | €42,875 | +€20,071 | +88.0% |
| Total equity and liabilities | 10/49 | €232,894 | €338,603 | +€105,709 | +45.4% |
| Equity | 10/15 | €144,454 | €159,681 | +€15,227 | +10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €134,454 | €149,681 | +€15,227 | +11.3% |
| Distributable reserves | 133 | €134,454 | €149,681 | +€15,227 | +11.3% |
| Amounts payable | 17/49 | €88,440 | €178,922 | +€90,482 | +102% |
| Amounts payable after more than one year | 17 | - | €104,715 | +€104,715 | |
| Financial debts | 170/4 | - | €104,715 | +€104,715 | |
| Amounts payable within one year | 42/48 | €88,440 | €74,157 | -€14,283 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | - | €17,661 | +€17,661 | |
| Trade debts | 44 | €24,607 | €9,558 | -€15,049 | -61.2% |
| Suppliers | 440/4 | €24,607 | €9,558 | -€15,049 | -61.2% |
| Taxes, remuneration and social security | 45 | €13,117 | €9,793 | -€3,323 | -25.3% |
| Taxes | 450/3 | €2,581 | €581 | -€1,999 | -77.5% |
| Remuneration and social security | 454/9 | €10,536 | €9,212 | -€1,324 | -12.6% |
| Other amounts payable | 47/48 | €50,716 | €37,146 | -€13,571 | -26.8% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Non-recurring operating income | 76A | €125 | €5,047 | +€4,922 | +3,942% |
| Remuneration, social security and pensions | 62 | €95,285 | €92,045 | -€3,241 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,070 | €34,448 | +€8,378 | +32.1% |
| Other operating charges | 640/8 | €14,612 | €9,818 | -€4,794 | -32.8% |
| Non-recurring operating charges | 66A | - | €10,548 | +€10,548 | |
| Gross operating margin | 9900 | €210,791 | €170,941 | -€39,850 | -18.9% |
| Operating profit (loss) | 9901 | €74,823 | €24,082 | -€50,741 | -67.8% |
| Financial income | 75/76B | €0 | €7 | +€7 | +16,900% |
| Recurring financial income | 75 | €0 | €7 | +€7 | +16,900% |
| Financial charges | 65/66B | €5,267 | €6,541 | +€1,274 | +24.2% |
| Recurring financial charges | 65 | €5,267 | €6,541 | +€1,274 | +24.2% |
| Profit (loss) for the period before taxes | 9903 | €69,556 | €17,548 | -€52,009 | -74.8% |
| Income taxes | 67/77 | €18,993 | €2,320 | -€16,672 | -87.8% |
| Profit (loss) for the period | 9904 | €50,564 | €15,227 | -€35,336 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,564 | €15,227 | -€35,336 | -69.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.