PETER BAERT: 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.
PETER BAERT
Largest movements
- Cash +€35,213
up €35,213 (+94.6%), from €37,213 to €72,426
mainly Net result for the year (+€67,934) and Other debts (+€11,739)
- Tangible fixed assets -€6,000
down €6,000 (-35.3%), from €17,000 to €11,000
- Other debts +€11,739
new in 2024: €11,739
- Reserves +€9,529
up €9,529 (+10.6%), from €90,145 to €99,674
- Tax, wage and social debts +€7,207
up €7,207 (+53.3%), from €13,517 to €20,724
- Gross operating margin +€80,503
up €80,503 (+433.6%), from €18,567 to €99,070
- Taxes +€22,511
up €22,511 (+1456.8%), from €1,545 to €24,056
- Depreciation +€5,000
up €5,000 (+500.0%), from €1,000 to €6,000
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €116,116 | €144,700 | +€28,584 | +24.6% |
| Fixed assets | 21/28 | €17,000 | €11,000 | -€6,000 | -35.3% |
| Tangible fixed assets | 22/27 | €17,000 | €11,000 | -€6,000 | -35.3% |
| Furniture and vehicles | 24 | €17,000 | €11,000 | -€6,000 | -35.3% |
| Current assets | 29/58 | €99,116 | €133,700 | +€34,584 | +34.9% |
| Amounts receivable within one year | 40/41 | €15,751 | €15,428 | -€323 | -2.1% |
| Trade receivables | 40 | €15,428 | €15,428 | = | 0.0% |
| Other amounts receivable | 41 | €323 | - | -€323 | |
| Current investments | 50/53 | €45,000 | €45,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,213 | €72,426 | +€35,213 | +94.6% |
| Deferred charges and accrued income | 490/1 | €1,152 | €846 | -€306 | -26.5% |
| Total equity and liabilities | 10/49 | €116,116 | €144,700 | +€28,584 | +24.6% |
| Equity | 10/15 | €102,545 | €112,074 | +€9,529 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90,145 | €99,674 | +€9,529 | +10.6% |
| Distributable reserves | 133 | €90,145 | €99,674 | +€9,529 | +10.6% |
| Amounts payable | 17/49 | €13,571 | €32,626 | +€19,055 | +140.4% |
| Amounts payable within one year | 42/48 | €13,571 | €32,626 | +€19,055 | +140.4% |
| Trade debts | 44 | €54 | €163 | +€109 | +201.2% |
| Suppliers | 440/4 | €54 | €163 | +€109 | +201.2% |
| Taxes, remuneration and social security | 45 | €13,517 | €20,724 | +€7,207 | +53.3% |
| Taxes | 450/3 | €13,517 | €20,724 | +€7,207 | +53.3% |
| Other amounts payable | 47/48 | - | €11,739 | +€11,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | €6,000 | +€5,000 | +500.0% |
| Other operating charges | 640/8 | €711 | €937 | +€226 | +31.8% |
| Gross operating margin | 9900 | €18,567 | €99,070 | +€80,503 | +433.6% |
| Operating profit (loss) | 9901 | €16,856 | €92,133 | +€75,276 | +446.6% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €45 | €166 | +€121 | +268.0% |
| Recurring financial charges | 65 | €45 | €166 | +€121 | +268.0% |
| Profit (loss) for the period before taxes | 9903 | €16,811 | €91,990 | +€75,179 | +447.2% |
| Income taxes | 67/77 | €1,545 | €24,056 | +€22,511 | +1456.8% |
| Profit (loss) for the period | 9904 | €15,266 | €67,934 | +€52,667 | +345.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,266 | €67,934 | +€52,667 | +345.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.