PETER BELIEN: 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 BELIEN
Largest movements
- Receivables within one year +€16,977
up €16,977 (+15.2%), from €111,588 to €128,565
of which Trade receivables: +€10,205
- Deferred charges and accrued income -€16,007
down €16,007 (-94.8%), from €16,878 to €872
- Tangible fixed assets -€6,548
down €6,548 (-40.9%), from €16,003 to €9,455
- Profit (loss) carried forward +€44,133
up €44,133 (+20.5%), from -€214,851 to -€170,718
- Trade debts -€26,966
down €26,966 (-35.3%), from €76,385 to €49,418
- Other debts -€17,237
down €17,237 (-16.9%), from €101,930 to €84,693
- Current portion of long-term debt -€2,529
down €2,529 (-3.9%), from €64,392 to €61,863
- Gross operating margin -€15,480
down €15,480 (-21.5%), from €72,164 to €56,684
- Financial charges -€6,867
down €6,867 (-55.9%), from €12,291 to €5,424
- Staff costs -€6,011
down €6,011 (-95.6%), from €6,288 to €277
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 | €209,054 | €202,640 | -€6,414 | -3.1% |
| Fixed assets | 21/28 | €24,703 | €18,155 | -€6,548 | -26.5% |
| Tangible fixed assets | 22/27 | €16,003 | €9,455 | -€6,548 | -40.9% |
| Furniture and vehicles | 24 | €16,003 | €9,455 | -€6,548 | -40.9% |
| Financial fixed assets | 28 | €8,700 | €8,700 | = | 0.0% |
| Current assets | 29/58 | €184,351 | €184,485 | +€134 | +0.1% |
| Stocks and contracts in progress | 3 | €45,650 | €44,930 | -€720 | -1.6% |
| Stocks | 30/36 | €45,650 | €44,930 | -€720 | -1.6% |
| Amounts receivable within one year | 40/41 | €111,588 | €128,565 | +€16,977 | +15.2% |
| Trade receivables | 40 | €111,588 | €121,793 | +€10,205 | +9.1% |
| Other amounts receivable | 41 | - | €6,773 | +€6,773 | |
| Cash at bank and in hand | 54/58 | €10,234 | €10,118 | -€116 | -1.1% |
| Deferred charges and accrued income | 490/1 | €16,878 | €872 | -€16,007 | -94.8% |
| Total equity and liabilities | 10/49 | €209,054 | €202,640 | -€6,414 | -3.1% |
| Equity | 10/15 | -€40,879 | €3,254 | +€44,133 | |
| Contributions | 10/11 | €137,900 | €137,900 | = | 0.0% |
| Reserves | 13 | €36,072 | €36,072 | = | 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% |
| Distributable reserves | 133 | €34,212 | €34,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,851 | -€170,718 | +€44,133 | +20.5% |
| Amounts payable | 17/49 | €249,933 | €199,387 | -€50,547 | -20.2% |
| Amounts payable after more than one year | 17 | €1,863 | - | -€1,863 | |
| Financial debts | 170/4 | €1,863 | - | -€1,863 | |
| Amounts payable within one year | 42/48 | €246,910 | €199,387 | -€47,524 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €64,392 | €61,863 | -€2,529 | -3.9% |
| Trade debts | 44 | €76,385 | €49,418 | -€26,966 | -35.3% |
| Suppliers | 440/4 | €76,385 | €49,418 | -€26,966 | -35.3% |
| Taxes, remuneration and social security | 45 | €4,203 | €3,412 | -€792 | -18.8% |
| Taxes | 450/3 | €1,663 | €3,412 | +€1,749 | +105.2% |
| Remuneration and social security | 454/9 | €2,540 | - | -€2,540 | |
| Other amounts payable | 47/48 | €101,930 | €84,693 | -€17,237 | -16.9% |
| Accrued charges and deferred income | 492/3 | €1,160 | - | -€1,160 | |
| Remuneration, social security and pensions | 62 | €6,288 | €277 | -€6,011 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,727 | €6,548 | -€179 | -2.7% |
| Other operating charges | 640/8 | €109 | €163 | +€54 | +49.3% |
| Gross operating margin | 9900 | €72,164 | €56,684 | -€15,480 | -21.5% |
| Operating profit (loss) | 9901 | €59,041 | €49,697 | -€9,344 | -15.8% |
| Financial income | 75/76B | €0 | €97 | +€97 | +483000.0% |
| Recurring financial income | 75 | €0 | €97 | +€97 | +483000.0% |
| Financial charges | 65/66B | €12,291 | €5,424 | -€6,867 | -55.9% |
| Recurring financial charges | 65 | €12,291 | €5,424 | -€6,867 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €46,750 | €44,369 | -€2,381 | -5.1% |
| Income taxes | 67/77 | €243 | €236 | -€7 | -2.8% |
| Profit (loss) for the period | 9904 | €46,507 | €44,133 | -€2,374 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €46,507 | €44,133 | -€2,374 | -5.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.