PETER: 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.
PETER
Largest movements
- Tangible fixed assets +€30,852
up €30,852 (+226%), from €13,669 to €44,522
of which Leasing and similar rights: +€30,328
- Deferred charges and accrued income +€23,994
up €23,994 (+3,087%), from €777 to €24,771
- Stocks and contracts -€7,017
no longer reported in 2025 (was €7,017)
- Receivables within one year -€6,020
down €6,020 (-17.3%), from €34,754 to €28,735
of which Trade receivables: -€24,956
- Cash -€1,947
down €1,947 (-95.3%), from €2,043 to €96
mainly Investment in fixed assets (net) (-€32,892) and Deferred charges and accrued income (-€23,994)
- Debts after one year +€22,989
new in 2025: €22,989
- Tax, wage and social debts +€6,815
up €6,815 (+78.7%), from €8,663 to €15,477
- Profit (loss) carried forward +€5,755
up €5,755 (+26.6%), from -€21,647 to -€15,892
- Current portion of long-term debt +€4,396
new in 2025: €4,396
- Advances received +€3,500
new in 2025: €3,500
- Gross operating margin -€14,529
down €14,529 (-34.8%), from €41,693 to €27,164
- Other operating charges +€4,452
up €4,452 (+216%), from €2,060 to €6,513
- Taxes -€1,823
down €1,823 (-21.6%), from €8,449 to €6,626
- Depreciation +€1,077
up €1,077 (+112%), from €963 to €2,040
- Financial charges +€432
up €432 (+586%), from €74 to €505
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 | €58,261 | €98,124 | +€39,862 | +68.4% |
| Fixed assets | 21/28 | €13,669 | €44,522 | +€30,852 | +226% |
| Tangible fixed assets | 22/27 | €13,669 | €44,522 | +€30,852 | +226% |
| Land and buildings | 22 | €7,711 | €7,290 | -€421 | -5.5% |
| Furniture and vehicles | 24 | €5,958 | €6,904 | +€946 | +15.9% |
| Leasing and similar rights | 25 | - | €30,328 | +€30,328 | |
| Current assets | 29/58 | €44,592 | €53,602 | +€9,010 | +20.2% |
| Stocks and contracts in progress | 3 | €7,017 | - | -€7,017 | |
| Stocks | 30/36 | €7,017 | - | -€7,017 | |
| Amounts receivable within one year | 40/41 | €34,754 | €28,735 | -€6,020 | -17.3% |
| Trade receivables | 40 | €32,120 | €7,164 | -€24,956 | -77.7% |
| Other amounts receivable | 41 | €2,634 | €21,571 | +€18,936 | +719% |
| Cash at bank and in hand | 54/58 | €2,043 | €96 | -€1,947 | -95.3% |
| Deferred charges and accrued income | 490/1 | €777 | €24,771 | +€23,994 | +3,087% |
| Total equity and liabilities | 10/49 | €58,261 | €98,124 | +€39,862 | +68.4% |
| Equity | 10/15 | €43,857 | €49,613 | +€5,755 | +13.1% |
| Contributions | 10/11 | €64,452 | €64,452 | = | 0.0% |
| Capital | 10 | €64,452 | €64,452 | = | 0.0% |
| Issued capital | 100 | €64,452 | €64,452 | = | 0.0% |
| Reserves | 13 | €1,053 | €1,053 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,053 | €1,053 | = | 0.0% |
| Other | 1319 | €1,053 | €1,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,647 | -€15,892 | +€5,755 | +26.6% |
| Amounts payable | 17/49 | €14,404 | €48,511 | +€34,107 | +237% |
| Amounts payable after more than one year | 17 | - | €22,989 | +€22,989 | |
| Financial debts | 170/4 | - | €22,989 | +€22,989 | |
| Amounts payable within one year | 42/48 | €14,016 | €25,522 | +€11,506 | +82.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,396 | +€4,396 | |
| Trade debts | 44 | €4,811 | €2,148 | -€2,662 | -55.3% |
| Suppliers | 440/4 | €4,811 | €2,148 | -€2,662 | -55.3% |
| Advances received on contracts in progress | 46 | - | €3,500 | +€3,500 | |
| Taxes, remuneration and social security | 45 | €8,663 | €15,477 | +€6,815 | +78.7% |
| Taxes | 450/3 | €8,663 | €15,477 | +€6,815 | +78.7% |
| Other amounts payable | 47/48 | €543 | - | -€543 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €963 | €2,040 | +€1,077 | +112% |
| Other operating charges | 640/8 | €2,060 | €6,513 | +€4,452 | +216% |
| Non-recurring operating charges | 66A | - | €6,234 | +€6,234 | |
| Gross operating margin | 9900 | €41,693 | €27,164 | -€14,529 | -34.8% |
| Operating profit (loss) | 9901 | €38,670 | €12,378 | -€26,292 | -68.0% |
| Financial income | 75/76B | €413 | €508 | +€95 | +23.1% |
| Recurring financial income | 75 | €413 | €508 | +€95 | +23.1% |
| Financial charges | 65/66B | €74 | €505 | +€432 | +586% |
| Recurring financial charges | 65 | €74 | €505 | +€432 | +586% |
| Profit (loss) for the period before taxes | 9903 | €39,009 | €12,381 | -€26,628 | -68.3% |
| Income taxes | 67/77 | €8,449 | €6,626 | -€1,823 | -21.6% |
| Profit (loss) for the period | 9904 | €30,560 | €5,755 | -€24,805 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,560 | €5,755 | -€24,805 | -81.2% |
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 15 October 2026 via checked.be.