PETER ANDERSEN: 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 ANDERSEN
Largest movements
- Receivables after one year +€4,759
up €4,759 (+1.5%), from €313,003 to €317,763
- Profit (loss) carried forward +€4,133
up €4,133 (+2.1%), from €201,304 to €205,437
- Gross operating margin +€2,475
up €2,475 (+59.9%), from -€4,135 to -€1,660
- Taxes +€651
up €651 (+76.2%), from €854 to €1,505
- Financial income +€44
up €44 (+0.6%), from €7,774 to €7,818
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €313,003 | €317,763 | +€4,759 | +1.5% |
| Current assets | 29/58 | €313,003 | €317,763 | +€4,759 | +1.5% |
| Amounts receivable after more than one year | 29 | €313,003 | €317,763 | +€4,759 | +1.5% |
| Other amounts receivable | 291 | €313,003 | €317,763 | +€4,759 | +1.5% |
| Total equity and liabilities | 10/49 | €313,003 | €317,763 | +€4,759 | +1.5% |
| Equity | 10/15 | €215,564 | €219,697 | +€4,133 | +1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,304 | €205,437 | +€4,133 | +2.1% |
| Provisions and deferred taxes | 16 | €93,537 | €93,537 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €93,537 | €93,537 | = | 0.0% |
| Other liabilities and charges | 164/5 | €93,537 | €93,537 | = | 0.0% |
| Amounts payable | 17/49 | €3,902 | €4,528 | +€626 | +16.0% |
| Amounts payable within one year | 42/48 | €3,902 | €4,528 | +€626 | +16.0% |
| Trade debts | 44 | €2,005 | €2,170 | +€164 | +8.2% |
| Suppliers | 440/4 | €2,005 | €2,170 | +€164 | +8.2% |
| Taxes, remuneration and social security | 45 | €1,897 | €2,359 | +€462 | +24.3% |
| Taxes | 450/3 | €1,897 | €2,359 | +€462 | +24.3% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€4,135 | -€1,660 | +€2,475 | +59.9% |
| Operating profit (loss) | 9901 | -€4,641 | -€2,180 | +€2,461 | +53.0% |
| Financial income | 75/76B | €7,774 | €7,818 | +€44 | +0.6% |
| Recurring financial income | 75 | €7,774 | €7,818 | +€44 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €3,134 | €5,638 | +€2,504 | +79.9% |
| Income taxes | 67/77 | €854 | €1,505 | +€651 | +76.2% |
| Profit (loss) for the period | 9904 | €2,280 | €4,133 | +€1,854 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,280 | €4,133 | +€1,854 | +81.3% |
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.