PEINSER: 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.
PEINSER
Largest movements
- Cash +€93,048
up €93,048 (+96.8%), from €96,094 to €189,142
mainly Net result for the year (+€81,608) and Depreciation (+€21,917)
- Tangible fixed assets -€18,464
down €18,464 (-32.9%), from €56,119 to €37,655
of which Furniture and vehicles: -€13,121
- Receivables within one year +€11,913
up €11,913 (+124.6%), from €9,559 to €21,472
of which Trade receivables: +€11,785
- Reserves +€81,608
up €81,608 (+59.9%), from €136,139 to €217,747
- Tax, wage and social debts +€4,453
up €4,453 (+16.8%), from €26,547 to €31,001
- Gross operating margin +€13,131
up €13,131 (+11.7%), from €112,107 to €125,238
- Taxes +€2,988
up €2,988 (+16.0%), from €18,663 to €21,651
- Depreciation +€2,246
up €2,246 (+11.4%), from €19,671 to €21,917
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 | €164,357 | €251,422 | +€87,065 | +53.0% |
| Fixed assets | 21/28 | €56,119 | €37,655 | -€18,464 | -32.9% |
| Tangible fixed assets | 22/27 | €56,119 | €37,655 | -€18,464 | -32.9% |
| Plant, machinery and equipment | 23 | €16,870 | €11,961 | -€4,909 | -29.1% |
| Furniture and vehicles | 24 | €35,132 | €22,012 | -€13,121 | -37.3% |
| Other tangible fixed assets | 26 | €4,116 | €3,682 | -€434 | -10.5% |
| Current assets | 29/58 | €108,238 | €213,767 | +€105,529 | +97.5% |
| Amounts receivable within one year | 40/41 | €9,559 | €21,472 | +€11,913 | +124.6% |
| Trade receivables | 40 | €9,559 | €21,344 | +€11,785 | +123.3% |
| Other amounts receivable | 41 | - | €127 | +€127 | |
| Cash at bank and in hand | 54/58 | €96,094 | €189,142 | +€93,048 | +96.8% |
| Deferred charges and accrued income | 490/1 | €2,586 | €3,154 | +€568 | +22.0% |
| Total equity and liabilities | 10/49 | €164,357 | €251,422 | +€87,065 | +53.0% |
| Equity | 10/15 | €136,239 | €217,847 | +€81,608 | +59.9% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €136,139 | €217,747 | +€81,608 | +59.9% |
| Distributable reserves | 133 | €136,139 | €217,747 | +€81,608 | +59.9% |
| Amounts payable | 17/49 | €28,118 | €33,575 | +€5,457 | +19.4% |
| Amounts payable within one year | 42/48 | €28,118 | €33,575 | +€5,457 | +19.4% |
| Financial debts | 43 | €440 | €2,547 | +€2,107 | +478.9% |
| Credit institutions | 430/8 | €440 | €2,547 | +€2,107 | +478.9% |
| Trade debts | 44 | - | €28 | +€28 | |
| Suppliers | 440/4 | - | €28 | +€28 | |
| Taxes, remuneration and social security | 45 | €26,547 | €31,001 | +€4,453 | +16.8% |
| Taxes | 450/3 | €26,547 | €31,001 | +€4,453 | +16.8% |
| Other amounts payable | 47/48 | €1,131 | - | -€1,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,671 | €21,917 | +€2,246 | +11.4% |
| Gross operating margin | 9900 | €112,107 | €125,238 | +€13,131 | +11.7% |
| Operating profit (loss) | 9901 | €92,436 | €103,321 | +€10,886 | +11.8% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €59 | €62 | +€4 | +6.6% |
| Recurring financial charges | 65 | €59 | €62 | +€4 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €92,391 | €103,259 | +€10,868 | +11.8% |
| Income taxes | 67/77 | €18,663 | €21,651 | +€2,988 | +16.0% |
| Profit (loss) for the period | 9904 | €73,728 | €81,608 | +€7,880 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €73,728 | €81,608 | +€7,880 | +10.7% |
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 7 October 2026 via checked.be.