Peiffer: 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.
Peiffer
Largest movements
- Tangible fixed assets +€365,599
up €365,599 (+1,628%), from €22,457 to €388,056
of which Land and buildings: +€290,959
- Receivables within one year +€15,721
up €15,721 (+155%), from €10,140 to €25,862
of which Other amounts receivable: +€12,052
- Cash -€11,002
down €11,002 (-37.2%), from €29,613 to €18,611
mainly Investment in fixed assets (net) (-€406,837) and Receivables within one year (-€15,721)
- Receivables after one year -€10,000
down €10,000 (-100%), from €10,000 to €0
- Debts after one year +€338,806
up €338,806, from €0 to €338,806
of which Other amounts payable: +€200,777
- Reserves +€31,174
up €31,174 (+42.5%), from €73,430 to €104,604
of which Distributable reserves: +€31,174
- Tax, wage and social debts -€10,439
down €10,439 (-100%), from €10,439 to €0
- Gross operating margin +€71,914
up €71,914 (+464%), from €15,486 to €87,400
- Depreciation +€28,423
up €28,423 (+222%), from €12,815 to €41,238
- Financial income -€7,406
down €7,406 (-98.0%), from €7,556 to €149
- Taxes +€7,251
up €7,251 (+266%), from €2,725 to €9,976
- Financial charges +€3,624
up €3,624 (+1,543%), from €235 to €3,859
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.
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 | €104,973 | €466,463 | +€361,490 | +344% |
| Fixed assets | 21/28 | €54,557 | €420,156 | +€365,599 | +670% |
| Tangible fixed assets | 22/27 | €22,457 | €388,056 | +€365,599 | +1,628% |
| Land and buildings | 22 | - | €290,959 | +€290,959 | |
| Plant, machinery and equipment | 23 | €1,282 | €561 | -€721 | -56.2% |
| Furniture and vehicles | 24 | €19,328 | €8,687 | -€10,642 | -55.1% |
| Other tangible fixed assets | 26 | €1,846 | €212 | -€1,634 | -88.5% |
| Assets under construction and advance payments | 27 | - | €87,637 | +€87,637 | |
| Financial fixed assets | 28 | €32,100 | €32,100 | = | 0.0% |
| Current assets | 29/58 | €50,416 | €46,308 | -€4,109 | -8.1% |
| Amounts receivable after more than one year | 29 | €10,000 | €0 | -€10,000 | -100% |
| Other amounts receivable | 291 | €10,000 | €0 | -€10,000 | -100% |
| Amounts receivable within one year | 40/41 | €10,140 | €25,862 | +€15,721 | +155% |
| Trade receivables | 40 | €7,865 | €11,534 | +€3,669 | +46.7% |
| Other amounts receivable | 41 | €2,275 | €14,327 | +€12,052 | +530% |
| Cash at bank and in hand | 54/58 | €29,613 | €18,611 | -€11,002 | -37.2% |
| Deferred charges and accrued income | 490/1 | €663 | €1,835 | +€1,172 | +177% |
| Total equity and liabilities | 10/49 | €104,973 | €466,463 | +€361,490 | +344% |
| Equity | 10/15 | €85,830 | €117,004 | +€31,174 | +36.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,430 | €104,604 | +€31,174 | +42.5% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €72,930 | €104,104 | +€31,174 | +42.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,143 | €349,459 | +€330,316 | +1,726% |
| Amounts payable after more than one year | 17 | €0 | €338,806 | +€338,806 | |
| Financial debts | 170/4 | €0 | €138,029 | +€138,029 | |
| Other amounts payable | 178/9 | - | €200,777 | +€200,777 | |
| Amounts payable within one year | 42/48 | €19,035 | €10,653 | -€8,382 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €5,079 | €7,647 | +€2,568 | +50.6% |
| Trade debts | 44 | €878 | €3,006 | +€2,128 | +242% |
| Suppliers | 440/4 | €878 | €3,006 | +€2,128 | +242% |
| Taxes, remuneration and social security | 45 | €10,439 | €0 | -€10,439 | -100% |
| Taxes | 450/3 | €10,439 | €0 | -€10,439 | -100% |
| Other amounts payable | 47/48 | €2,640 | €0 | -€2,640 | -100% |
| Accrued charges and deferred income | 492/3 | €108 | €0 | -€108 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,815 | €41,238 | +€28,423 | +222% |
| Other operating charges | 640/8 | €1,725 | €1,301 | -€424 | -24.6% |
| Gross operating margin | 9900 | €15,486 | €87,400 | +€71,914 | +464% |
| Operating profit (loss) | 9901 | €946 | €44,860 | +€43,915 | +4,644% |
| Financial income | 75/76B | €7,556 | €149 | -€7,406 | -98.0% |
| Recurring financial income | 75 | €7,556 | €149 | -€7,406 | -98.0% |
| Financial charges | 65/66B | €235 | €3,859 | +€3,624 | +1,543% |
| Recurring financial charges | 65 | €235 | €3,859 | +€3,624 | +1,543% |
| Profit (loss) for the period before taxes | 9903 | €8,266 | €41,150 | +€32,884 | +398% |
| Income taxes | 67/77 | €2,725 | €9,976 | +€7,251 | +266% |
| Profit (loss) for the period | 9904 | €5,541 | €31,174 | +€25,633 | +463% |
| Profit (loss) for the period to be appropriated | 9905 | €5,541 | €31,174 | +€25,633 | +463% |
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.