PEETRIMA: 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.
PEETRIMA
Largest movements
- Receivables within one year -€338,005
down €338,005 (-45.7%), from €739,445 to €401,441
of which Trade receivables: -€344,763
- Cash +€256,001
up €256,001 (+83.0%), from €308,589 to €564,589
mainly Receivables within one year (+€338,005) and Net result for the year (+€326,275)
- Tangible fixed assets -€178,273
down €178,273 (-11.5%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€240,843
- Current portion of long-term debt -€285,714
no longer reported in 2025 (was €285,714)
- Trade debts -€95,561
down €95,561 (-19.6%), from €488,066 to €392,505
- Reserves +€86,275
up €86,275 (+6.3%), from €1.4m to €1.5m
of which Distributable reserves: +€86,275
- Tax, wage and social debts +€30,126
up €30,126 (+16.0%), from €187,717 to €217,843
of which Remuneration and social security: +€16,450
- Gross operating margin -€218,738
down €218,738 (-11.5%), from €1.9m to €1.7m
- Taxes -€84,805
down €84,805 (-35.7%), from €237,432 to €152,627
- Staff costs +€43,998
up €43,998 (+5.2%), from €838,658 to €882,657
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 | €2,728,159 | €2,489,648 | -€238,510 | -8.7% |
| Fixed assets | 21/28 | €1,549,338 | €1,371,065 | -€178,273 | -11.5% |
| Tangible fixed assets | 22/27 | €1,548,074 | €1,369,800 | -€178,273 | -11.5% |
| Land and buildings | 22 | €349,981 | €349,981 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,197,791 | €956,948 | -€240,843 | -20.1% |
| Furniture and vehicles | 24 | €302 | €62,872 | +€62,570 | +20,721% |
| Financial fixed assets | 28 | €1,265 | €1,265 | = | 0.0% |
| Current assets | 29/58 | €1,178,820 | €1,118,583 | -€60,237 | -5.1% |
| Amounts receivable after more than one year | 29 | €9,127 | €27,380 | +€18,253 | +200% |
| Other amounts receivable | 291 | €9,127 | €27,380 | +€18,253 | +200% |
| Stocks and contracts in progress | 3 | €100,161 | €102,353 | +€2,192 | +2.2% |
| Stocks | 30/36 | €100,161 | €102,353 | +€2,192 | +2.2% |
| Amounts receivable within one year | 40/41 | €739,445 | €401,441 | -€338,005 | -45.7% |
| Trade receivables | 40 | €691,126 | €346,363 | -€344,763 | -49.9% |
| Other amounts receivable | 41 | €48,319 | €55,078 | +€6,759 | +14.0% |
| Cash at bank and in hand | 54/58 | €308,589 | €564,589 | +€256,001 | +83.0% |
| Deferred charges and accrued income | 490/1 | €21,499 | €22,820 | +€1,321 | +6.1% |
| Total equity and liabilities | 10/49 | €2,728,159 | €2,489,648 | -€238,510 | -8.7% |
| Equity | 10/15 | €1,764,720 | €1,850,995 | +€86,275 | +4.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €184,225 | €184,225 | = | 0.0% |
| Reserves | 13 | €1,369,854 | €1,456,128 | +€86,275 | +6.3% |
| Non-distributable reserves | 130/1 | €9,420 | €9,420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,420 | €9,420 | = | 0.0% |
| Distributable reserves | 133 | €1,360,434 | €1,446,708 | +€86,275 | +6.3% |
| Profit (loss) carried forward | 14 | €190,641 | €190,641 | = | 0.0% |
| Amounts payable | 17/49 | €963,439 | €638,654 | -€324,785 | -33.7% |
| Amounts payable within one year | 42/48 | €963,439 | €618,762 | -€344,677 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €285,714 | - | -€285,714 | |
| Trade debts | 44 | €488,066 | €392,505 | -€95,561 | -19.6% |
| Suppliers | 440/4 | €488,066 | €392,505 | -€95,561 | -19.6% |
| Taxes, remuneration and social security | 45 | €187,717 | €217,843 | +€30,126 | +16.0% |
| Taxes | 450/3 | €107,216 | €120,892 | +€13,676 | +12.8% |
| Remuneration and social security | 454/9 | €80,501 | €96,951 | +€16,450 | +20.4% |
| Other amounts payable | 47/48 | €1,941 | €8,414 | +€6,473 | +333% |
| Accrued charges and deferred income | 492/3 | - | €19,891 | +€19,891 | |
| Remuneration, social security and pensions | 62 | €838,658 | €882,657 | +€43,998 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €279,530 | €288,230 | +€8,700 | +3.1% |
| Other operating charges | 640/8 | €22,305 | €23,909 | +€1,603 | +7.2% |
| Gross operating margin | 9900 | €1,896,320 | €1,677,582 | -€218,738 | -11.5% |
| Operating profit (loss) | 9901 | €755,827 | €482,787 | -€273,040 | -36.1% |
| Financial income | 75/76B | €4,701 | €9,448 | +€4,747 | +101% |
| Recurring financial income | 75 | €4,701 | €9,448 | +€4,747 | +101% |
| Financial charges | 65/66B | €21,168 | €13,333 | -€7,835 | -37.0% |
| Recurring financial charges | 65 | €21,168 | €13,333 | -€7,835 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €739,360 | €478,902 | -€260,458 | -35.2% |
| Income taxes | 67/77 | €237,432 | €152,627 | -€84,805 | -35.7% |
| Profit (loss) for the period | 9904 | €501,927 | €326,275 | -€175,653 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €501,927 | €326,275 | -€175,653 | -35.0% |
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 21 October 2026 via checked.be.