PEILER: 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.
PEILER
Largest movements
- Deferred charges and accrued income +€83,032
up €83,032 (+20.8%), from €399,449 to €482,482
- Receivables within one year -€55,702
down €55,702 (-3.5%), from €1.6m to €1.5m
of which Trade receivables: -€261,704
- Reserves +€64,542
up €64,542 (+5.6%), from €1.1m to €1.2m
of which Distributable reserves: +€64,542
- Other debts -€50,000
down €50,000 (-5.4%), from €924,157 to €874,157
- Financial income -€31,833
down €31,833 (-27.7%), from €115,097 to €83,264
of which Non-recurring financial income: -€99,999
- Gross operating margin -€22,956
down €22,956 (-55.9%), from €41,081 to €18,125
- Taxes +€19,066
up €19,066 (+719.6%), from €2,650 to €21,715
- Financial charges -€14,909
down €14,909 (-51.1%), from €29,180 to €14,271
- Depreciation -€12,293
no longer reported in 2025 (was €12,293)
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 | €2,140,215 | €2,164,889 | +€24,674 | +1.2% |
| Fixed assets | 21/28 | €137,928 | €130,002 | -€7,926 | -5.7% |
| Tangible fixed assets | 22/27 | €7,928 | - | -€7,928 | |
| Furniture and vehicles | 24 | €7,928 | - | -€7,928 | |
| Financial fixed assets | 28 | €130,000 | €130,002 | +€2 | 0.0% |
| Current assets | 29/58 | €2,002,287 | €2,034,887 | +€32,601 | +1.6% |
| Amounts receivable within one year | 40/41 | €1,602,473 | €1,546,771 | -€55,702 | -3.5% |
| Trade receivables | 40 | €443,737 | €182,033 | -€261,704 | -59.0% |
| Other amounts receivable | 41 | €1,158,736 | €1,364,738 | +€206,001 | +17.8% |
| Cash at bank and in hand | 54/58 | €364 | €5,635 | +€5,270 | +1446.0% |
| Deferred charges and accrued income | 490/1 | €399,449 | €482,482 | +€83,032 | +20.8% |
| Total equity and liabilities | 10/49 | €2,140,215 | €2,164,889 | +€24,674 | +1.2% |
| Equity | 10/15 | €1,169,690 | €1,234,232 | +€64,542 | +5.5% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €1,144,890 | €1,209,432 | +€64,542 | +5.6% |
| Non-distributable reserves | 130/1 | €75,715 | €75,715 | = | 0.0% |
| Reserves not available under the articles | 1311 | €75,715 | €75,715 | = | 0.0% |
| Distributable reserves | 133 | €1,069,175 | €1,133,717 | +€64,542 | +6.0% |
| Amounts payable | 17/49 | €970,525 | €930,657 | -€39,867 | -4.1% |
| Amounts payable after more than one year | 17 | €16,887 | €1,233 | -€15,654 | -92.7% |
| Financial debts | 170/4 | €16,887 | €1,233 | -€15,654 | -92.7% |
| Amounts payable within one year | 42/48 | €952,721 | €917,422 | -€35,299 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €20,153 | €14,716 | -€5,438 | -27.0% |
| Trade debts | 44 | €5,411 | €4,063 | -€1,348 | -24.9% |
| Suppliers | 440/4 | €5,411 | €4,063 | -€1,348 | -24.9% |
| Taxes, remuneration and social security | 45 | €3,000 | €24,487 | +€21,487 | +716.2% |
| Taxes | 450/3 | €3,000 | €24,487 | +€21,487 | +716.2% |
| Other amounts payable | 47/48 | €924,157 | €874,157 | -€50,000 | -5.4% |
| Accrued charges and deferred income | 492/3 | €917 | €12,002 | +€11,086 | +1209.1% |
| Remuneration, social security and pensions | 62 | -€131 | - | +€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,293 | - | -€12,293 | |
| Other operating charges | 640/8 | €2,440 | €861 | -€1,578 | -64.7% |
| Non-recurring operating charges | 66A | €2,675 | - | -€2,675 | |
| Gross operating margin | 9900 | €41,081 | €18,125 | -€22,956 | -55.9% |
| Operating profit (loss) | 9901 | €23,805 | €17,264 | -€6,541 | -27.5% |
| Financial income | 75/76B | €115,097 | €83,264 | -€31,833 | -27.7% |
| Recurring financial income | 75 | €15,098 | €83,264 | +€68,166 | +451.5% |
| Non-recurring financial income | 76B | €99,999 | - | -€99,999 | |
| Financial charges | 65/66B | €29,180 | €14,271 | -€14,909 | -51.1% |
| Recurring financial charges | 65 | €29,180 | €14,271 | -€14,909 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €109,722 | €86,257 | -€23,465 | -21.4% |
| Income taxes | 67/77 | €2,650 | €21,715 | +€19,066 | +719.6% |
| Profit (loss) for the period | 9904 | €107,072 | €64,542 | -€42,531 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €107,072 | €64,542 | -€42,531 | -39.7% |
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 3 October 2026 via checked.be.