PETER BAERT ADVOCAAT: 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 BAERT ADVOCAAT
Largest movements
- Cash +€37,878
up €37,878 (+23.2%), from €163,051 to €200,929
mainly Net result for the year (+€42,624) and Other debts (+€29,893)
- Tangible fixed assets +€3,494
up €3,494 (+668%), from €523 to €4,017
of which Furniture and vehicles: +€3,775
- Other debts +€29,893
up €29,893 (+808%), from €3,699 to €33,592
- Reserves +€12,438
up €12,438 (+8.3%), from €149,574 to €162,012
- Gross operating margin +€3,998
up €3,998 (+6.9%), from €57,997 to €61,996
- Depreciation +€1,346
up €1,346 (+332%), from €405 to €1,751
- Taxes +€1,237
up €1,237 (+8.2%), from €15,089 to €16,326
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 | €164,340 | €207,265 | +€42,925 | +26.1% |
| Fixed assets | 21/28 | €523 | €4,017 | +€3,494 | +668% |
| Tangible fixed assets | 22/27 | €523 | €4,017 | +€3,494 | +668% |
| Plant, machinery and equipment | 23 | €289 | €8 | -€281 | -97.1% |
| Furniture and vehicles | 24 | €234 | €4,008 | +€3,775 | +1,615% |
| Current assets | 29/58 | €163,817 | €203,248 | +€39,431 | +24.1% |
| Amounts receivable within one year | 40/41 | €766 | €2,320 | +€1,553 | +203% |
| Trade receivables | 40 | €766 | €2,320 | +€1,553 | +203% |
| Cash at bank and in hand | 54/58 | €163,051 | €200,929 | +€37,878 | +23.2% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €164,340 | €207,265 | +€42,925 | +26.1% |
| Equity | 10/15 | €156,346 | €168,784 | +€12,438 | +8.0% |
| Contributions | 10/11 | €6,772 | €6,772 | = | 0.0% |
| Reserves | 13 | €149,574 | €162,012 | +€12,438 | +8.3% |
| Distributable reserves | 133 | €149,574 | €162,012 | +€12,438 | +8.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,994 | €38,480 | +€30,487 | +381% |
| Amounts payable within one year | 42/48 | €7,813 | €38,229 | +€30,416 | +389% |
| Trade debts | 44 | €464 | €966 | +€502 | +108% |
| Suppliers | 440/4 | €464 | €966 | +€502 | +108% |
| Advances received on contracts in progress | 46 | - | €1,268 | +€1,268 | |
| Taxes, remuneration and social security | 45 | €3,650 | €2,403 | -€1,248 | -34.2% |
| Taxes | 450/3 | €3,650 | €2,403 | -€1,248 | -34.2% |
| Other amounts payable | 47/48 | €3,699 | €33,592 | +€29,893 | +808% |
| Accrued charges and deferred income | 492/3 | €180 | €252 | +€71 | +39.4% |
| Non-recurring operating income | 76A | €6,923 | €0 | -€6,923 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €1,751 | +€1,346 | +332% |
| Other operating charges | 640/8 | €1,568 | €1,215 | -€353 | -22.5% |
| Gross operating margin | 9900 | €57,997 | €61,996 | +€3,998 | +6.9% |
| Operating profit (loss) | 9901 | €56,025 | €59,030 | +€3,005 | +5.4% |
| Financial income | 75/76B | €369 | €411 | +€42 | +11.3% |
| Recurring financial income | 75 | €369 | €411 | +€42 | +11.3% |
| Financial charges | 65/66B | €388 | €491 | +€102 | +26.4% |
| Recurring financial charges | 65 | €388 | €491 | +€102 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €56,005 | €58,950 | +€2,945 | +5.3% |
| Income taxes | 67/77 | €15,089 | €16,326 | +€1,237 | +8.2% |
| Profit (loss) for the period | 9904 | €40,916 | €42,624 | +€1,708 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,916 | €42,624 | +€1,708 | +4.2% |
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 19 October 2026 via checked.be.