PETER BERNAERTS: 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 BERNAERTS
Largest movements
- Tangible fixed assets +€203,535
up €203,535 (+378%), from €53,861 to €257,396
of which Land and buildings: +€215,596
- Receivables within one year -€30,884
down €30,884 (-15.4%), from €200,472 to €169,587
of which Other amounts receivable: -€32,352
- Receivables after one year -€10,189
no longer reported in 2025 (was €10,189)
- Cash +€5,959
up €5,959 (+19.9%), from €29,921 to €35,880
mainly Debts after one year (+€166,264) and Depreciation (+€40,085)
- Debts after one year +€166,264
up €166,264 (+1,032%), from €16,118 to €182,383
- Reserves +€9,559
up €9,559 (+4.1%), from €233,539 to €243,098
of which Distributable reserves: +€9,559
- Tax, wage and social debts -€9,334
down €9,334 (-37.6%), from €24,812 to €15,477
- Gross operating margin -€45,666
down €45,666 (-33.0%), from €138,575 to €92,909
- Depreciation +€33,641
up €33,641 (+522%), from €6,444 to €40,085
- Taxes -€27,227
down €27,227 (-62.7%), from €43,450 to €16,223
- Financial charges +€3,973
up €3,973 (+627%), from €634 to €4,607
- Other operating charges +€2,791
up €2,791 (+172%), from €1,621 to €4,413
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 | €294,852 | €462,969 | +€168,117 | +57.0% |
| Fixed assets | 21/28 | €53,861 | €257,396 | +€203,535 | +378% |
| Tangible fixed assets | 22/27 | €53,861 | €257,396 | +€203,535 | +378% |
| Land and buildings | 22 | - | €215,596 | +€215,596 | |
| Furniture and vehicles | 24 | €53,861 | €41,800 | -€12,061 | -22.4% |
| Current assets | 29/58 | €240,991 | €205,572 | -€35,419 | -14.7% |
| Amounts receivable after more than one year | 29 | €10,189 | - | -€10,189 | |
| Other amounts receivable | 291 | €10,189 | - | -€10,189 | |
| Amounts receivable within one year | 40/41 | €200,472 | €169,587 | -€30,884 | -15.4% |
| Trade receivables | 40 | €127,994 | €129,462 | +€1,467 | +1.1% |
| Other amounts receivable | 41 | €72,477 | €40,126 | -€32,352 | -44.6% |
| Cash at bank and in hand | 54/58 | €29,921 | €35,880 | +€5,959 | +19.9% |
| Deferred charges and accrued income | 490/1 | €409 | €105 | -€304 | -74.3% |
| Total equity and liabilities | 10/49 | €294,852 | €462,969 | +€168,117 | +57.0% |
| Equity | 10/15 | €245,939 | €255,498 | +€9,559 | +3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €233,539 | €243,098 | +€9,559 | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €622 | €622 | = | 0.0% |
| Distributable reserves | 133 | €231,057 | €240,616 | +€9,559 | +4.1% |
| Amounts payable | 17/49 | €48,913 | €207,471 | +€158,557 | +324% |
| Amounts payable after more than one year | 17 | €16,118 | €182,383 | +€166,264 | +1,032% |
| Financial debts | 170/4 | €16,118 | €182,383 | +€166,264 | +1,032% |
| Amounts payable within one year | 42/48 | €32,795 | €25,088 | -€7,707 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €5,984 | €6,243 | +€259 | +4.3% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €2,000 | €3,366 | +€1,366 | +68.3% |
| Suppliers | 440/4 | €2,000 | €3,366 | +€1,366 | +68.3% |
| Taxes, remuneration and social security | 45 | €24,812 | €15,477 | -€9,334 | -37.6% |
| Taxes | 450/3 | €24,812 | €15,477 | -€9,334 | -37.6% |
| Non-recurring operating income | 76A | €5,500 | - | -€5,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,444 | €40,085 | +€33,641 | +522% |
| Other operating charges | 640/8 | €1,621 | €4,413 | +€2,791 | +172% |
| Gross operating margin | 9900 | €138,575 | €92,909 | -€45,666 | -33.0% |
| Operating profit (loss) | 9901 | €130,510 | €48,411 | -€82,098 | -62.9% |
| Financial income | 75/76B | €2,221 | €1,978 | -€243 | -10.9% |
| Recurring financial income | 75 | €2,221 | €1,978 | -€243 | -10.9% |
| Financial charges | 65/66B | €634 | €4,607 | +€3,973 | +627% |
| Recurring financial charges | 65 | €634 | €4,607 | +€3,973 | +627% |
| Profit (loss) for the period before taxes | 9903 | €132,097 | €45,782 | -€86,315 | -65.3% |
| Income taxes | 67/77 | €43,450 | €16,223 | -€27,227 | -62.7% |
| Profit (loss) for the period | 9904 | €88,647 | €29,559 | -€59,088 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €88,647 | €29,559 | -€59,088 | -66.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.