PEETERS VASTGOED: 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.
What changed
PEETERS VASTGOED
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€440,949
2024 · -€182,177+€623,126
Equity
€865,486
2024 · €646,537+€218,949
Cash
€2,261
2024 · €8,896-€6,635
Balance sheet total
€8.2m
2024 · €8.4m-€255,837
Largest movements
Assets
- Receivables within one year -€668,238
down €668,238 (-55.5%), from €1.2m to €535,510
of which Trade receivables: -€580,701
- Tangible fixed assets +€415,083
up €415,083 (+6.4%), from €6.4m to €6.9m
of which Land and buildings: +€285,785
Equity and liabilities
- Other debts -€1.7m
down €1.7m (-74.5%), from €2.3m to €576,347
- Debts after one year +€1.1m
up €1.1m (+23.6%), from €4.8m to €5.9m
- Profit (loss) carried forward +€164,091
no longer reported in 2025 (was -€164,091)
- Current portion of long-term debt +€123,083
up €123,083 (+31.3%), from €393,688 to €516,771
Income statement
- Gross operating margin +€643,654
up €643,654 (+94.2%), from €683,123 to €1.3m
- Depreciation +€99,112
up €99,112 (+24.5%), from €404,222 to €503,335
- Other operating charges -€46,706
down €46,706 (-29.8%), from €156,700 to €109,994
- Taxes -€44,391
down €44,391 (-30.8%), from €144,250 to €99,859
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.
Result 2024
-€182,177
Gross operating margin
+€643,654
Depreciation
-€99,112
Other operating charges
+€46,706
Financial income
-€6,125
Financial charges
-€6,388
Taxes
+€44,391
Result 2025
€440,949
raises the resultlowers the result
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.
From operations
-€115,863
Investment
-€918,418
Financing
+€1.0m
Cash 2024
€8,896
From operations (derived)
-€115,863
Net result for the year
+€440,949
Depreciation
+€503,335
Receivables within one year
+€668,238
Deferred charges and accrued income
-€3,952
Provisions
-€9,313
Trade debts
-€61,301
Tax, wage and social debts
-€44,749
Other debts
-€1.7m
Accrued charges and deferred income
+€76,881
Investment (derived)
-€918,418
Investment in fixed assets (net)
-€918,418
Financing
+€1.0m
Debts after one year
+€1.1m
Current portion of long-term debt
+€123,083
Contributions, distributions and other
-€222,000
Cash 2025
€2,261
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,437,265 | €8,181,428 | -€255,837 | -3.0% |
| Fixed assets | 21/28 | €7,203,429 | €7,618,512 | +€415,083 | +5.8% |
| Tangible fixed assets | 22/27 | €6,438,224 | €6,853,307 | +€415,083 | +6.4% |
| Land and buildings | 22 | €5,259,287 | €5,545,072 | +€285,785 | +5.4% |
| Furniture and vehicles | 24 | €1,178,937 | €1,308,235 | +€129,298 | +11.0% |
| Financial fixed assets | 28 | €765,205 | €765,205 | = | 0.0% |
| Current assets | 29/58 | €1,233,836 | €562,915 | -€670,921 | -54.4% |
| Amounts receivable within one year | 40/41 | €1,203,747 | €535,510 | -€668,238 | -55.5% |
| Trade receivables | 40 | €600,000 | €19,300 | -€580,701 | -96.8% |
| Other amounts receivable | 41 | €603,747 | €516,210 | -€87,537 | -14.5% |
| Cash at bank and in hand | 54/58 | €8,896 | €2,261 | -€6,635 | -74.6% |
| Deferred charges and accrued income | 490/1 | €21,193 | €25,145 | +€3,952 | +18.6% |
| Total equity and liabilities | 10/49 | €8,437,265 | €8,181,428 | -€255,837 | -3.0% |
| Equity | 10/15 | €646,537 | €865,486 | +€218,949 | +33.9% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €686,628 | €741,486 | +€54,858 | +8.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €78,022 | €59,936 | -€18,086 | -23.2% |
| Distributable reserves | 133 | €596,211 | €669,154 | +€72,944 | +12.2% |
| Profit (loss) carried forward | 14 | -€164,091 | - | +€164,091 | |
| Provisions and deferred taxes | 16 | €40,175 | €30,863 | -€9,313 | -23.2% |
| Deferred taxes | 168 | €40,175 | €30,863 | -€9,313 | -23.2% |
| Amounts payable | 17/49 | €7,750,553 | €7,285,079 | -€465,474 | -6.0% |
| Amounts payable after more than one year | 17 | €4,764,933 | €5,891,496 | +€1.1m | +23.6% |
| Financial debts | 170/4 | €4,764,933 | €5,891,496 | +€1.1m | +23.6% |
| Amounts payable within one year | 42/48 | €2,917,959 | €1,249,042 | -€1.7m | -57.2% |
| Current portion of amounts payable after more than one year | 42 | €393,688 | €516,771 | +€123,083 | +31.3% |
| Trade debts | 44 | €129,847 | €68,547 | -€61,301 | -47.2% |
| Suppliers | 440/4 | €129,847 | €68,547 | -€61,301 | -47.2% |
| Taxes, remuneration and social security | 45 | €132,126 | €87,377 | -€44,749 | -33.9% |
| Taxes | 450/3 | €132,126 | €87,377 | -€44,749 | -33.9% |
| Other amounts payable | 47/48 | €2,262,298 | €576,347 | -€1.7m | -74.5% |
| Accrued charges and deferred income | 492/3 | €67,661 | €144,542 | +€76,881 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €404,222 | €503,335 | +€99,112 | +24.5% |
| Other operating charges | 640/8 | €156,700 | €109,994 | -€46,706 | -29.8% |
| Gross operating margin | 9900 | €683,123 | €1,326,777 | +€643,654 | +94.2% |
| Operating profit (loss) | 9901 | €122,200 | €713,448 | +€591,248 | +484% |
| Financial income | 75/76B | €7,354 | €1,230 | -€6,125 | -83.3% |
| Recurring financial income | 75 | €7,354 | €1,230 | -€6,125 | -83.3% |
| Financial charges | 65/66B | €176,794 | €183,182 | +€6,388 | +3.6% |
| Recurring financial charges | 65 | €176,794 | €183,182 | +€6,388 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€47,239 | €531,495 | +€578,735 | |
| Transfer from deferred taxes | 780 | €9,313 | €9,313 | = | 0.0% |
| Income taxes | 67/77 | €144,250 | €99,859 | -€44,391 | -30.8% |
| Profit (loss) for the period | 9904 | -€182,177 | €440,949 | +€623,126 | |
| Transfer from tax-exempt reserves | 789 | €18,086 | €18,086 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€164,091 | €459,035 | +€623,126 |
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 19 October 2026 via checked.be.