PEIFFER ANALYTICS: what changed
Two fiscal 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 ANALYTICS
Largest movements
- Cash -€28,014
down €28,014 (-72.0%), from €38,922 to €10,908
mainly Other debts (-€37,728) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets +€3,309
up €3,309 (+22.9%), from €14,434 to €17,743
of which Other tangible fixed assets: +€1,966
- Receivables within one year +€1,719
up €1,719 (+11.8%), from €14,617 to €16,336
of which Trade receivables: +€2,403
- Other debts -€37,728
down €37,728 (-99.9%), from €37,784 to €56
- Reserves +€9,517
up €9,517 (+299.0%), from €3,183 to €12,700
of which Distributable reserves: +€9,517
- Trade debts +€3,788
up €3,788 (+121.8%), from €3,109 to €6,897
- Tax, wage and social debts +€1,090
up €1,090 (+17.2%), from €6,334 to €7,424
- Gross operating margin +€4,438
up €4,438 (+8.9%), from €49,635 to €54,073
- Depreciation +€1,963
up €1,963 (+82.1%), from €2,391 to €4,354
- Taxes -€1,695
down €1,695 (-18.2%), from €9,315 to €7,620
- Financial charges -€1,541
down €1,541 (-45.3%), from €3,405 to €1,864
- Financial income -€1,159
no longer reported in 2025 (was €1,159)
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.
Cash bridge derived
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 | €69,010 | €45,677 | -€23,333 | -33.8% |
| Fixed assets | 21/28 | €14,439 | €17,748 | +€3,309 | +22.9% |
| Tangible fixed assets | 22/27 | €14,434 | €17,743 | +€3,309 | +22.9% |
| Plant, machinery and equipment | 23 | €586 | €457 | -€129 | -22.0% |
| Furniture and vehicles | 24 | €5,230 | €6,702 | +€1,472 | +28.1% |
| Other tangible fixed assets | 26 | €8,618 | €10,584 | +€1,966 | +22.8% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €54,571 | €27,929 | -€26,642 | -48.8% |
| Amounts receivable within one year | 40/41 | €14,617 | €16,336 | +€1,719 | +11.8% |
| Trade receivables | 40 | €13,932 | €16,335 | +€2,403 | +17.2% |
| Other amounts receivable | 41 | €685 | €1 | -€684 | -99.9% |
| Cash at bank and in hand | 54/58 | €38,922 | €10,908 | -€28,014 | -72.0% |
| Deferred charges and accrued income | 490/1 | €1,032 | €685 | -€347 | -33.6% |
| Total equity and liabilities | 10/49 | €69,010 | €45,677 | -€23,333 | -33.8% |
| Equity | 10/15 | €21,783 | €31,300 | +€9,517 | +43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,183 | €12,700 | +€9,517 | +299.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,323 | €10,840 | +€9,517 | +719.3% |
| Amounts payable | 17/49 | €47,227 | €14,377 | -€32,850 | -69.6% |
| Amounts payable within one year | 42/48 | €47,227 | €14,377 | -€32,850 | -69.6% |
| Trade debts | 44 | €3,109 | €6,897 | +€3,788 | +121.8% |
| Suppliers | 440/4 | €3,109 | €6,897 | +€3,788 | +121.8% |
| Taxes, remuneration and social security | 45 | €6,334 | €7,424 | +€1,090 | +17.2% |
| Taxes | 450/3 | €6,334 | €7,424 | +€1,090 | +17.2% |
| Other amounts payable | 47/48 | €37,784 | €56 | -€37,728 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,391 | €4,354 | +€1,963 | +82.1% |
| Other operating charges | 640/8 | €450 | €718 | +€268 | +59.6% |
| Gross operating margin | 9900 | €49,635 | €54,073 | +€4,438 | +8.9% |
| Operating profit (loss) | 9901 | €46,794 | €49,001 | +€2,207 | +4.7% |
| Financial income | 75/76B | €1,159 | - | -€1,159 | |
| Recurring financial income | 75 | €1,159 | - | -€1,159 | |
| Financial charges | 65/66B | €3,405 | €1,864 | -€1,541 | -45.3% |
| Recurring financial charges | 65 | €3,405 | €1,864 | -€1,541 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €44,548 | €47,137 | +€2,589 | +5.8% |
| Income taxes | 67/77 | €9,315 | €7,620 | -€1,695 | -18.2% |
| Profit (loss) for the period | 9904 | €35,233 | €39,517 | +€4,284 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,233 | €39,517 | +€4,284 | +12.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.