PETER BOSMANS: 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 BOSMANS
Largest movements
- Stocks and contracts +€369,230
up €369,230 (+86.0%), from €429,514 to €798,744
- Cash -€153,768
down €153,768 (-92.2%), from €166,728 to €12,960
mainly Stocks and contracts (-€369,230) and Net result for the year (-€12,740)
- Other debts +€232,218
up €232,218 (+375.2%), from €61,897 to €294,115
- Profit (loss) carried forward -€12,740
down €12,740 (-15.9%), from €79,910 to €67,170
- Gross operating margin -€98,038
down €98,038, from €96,056 to -€1,982
- Taxes -€16,514
down €16,514 (-100.0%), from €16,514 to €0
- Other operating charges -€13,186
down €13,186 (-85.0%), from €15,514 to €2,328
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.
Cash bridge derived
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 | €605,430 | €823,317 | +€217,887 | +36.0% |
| Fixed assets | 21/28 | €6,988 | €4,608 | -€2,380 | -34.1% |
| Tangible fixed assets | 22/27 | €6,538 | €4,158 | -€2,380 | -36.4% |
| Furniture and vehicles | 24 | €6,538 | €4,158 | -€2,380 | -36.4% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €598,441 | €818,708 | +€220,267 | +36.8% |
| Stocks and contracts in progress | 3 | €429,514 | €798,744 | +€369,230 | +86.0% |
| Stocks | 30/36 | €429,514 | €798,744 | +€369,230 | +86.0% |
| Amounts receivable within one year | 40/41 | €1,864 | €6,670 | +€4,806 | +257.9% |
| Trade receivables | 40 | €878 | €6,670 | +€5,792 | +659.6% |
| Other amounts receivable | 41 | €986 | €0 | -€986 | -100.0% |
| Cash at bank and in hand | 54/58 | €166,728 | €12,960 | -€153,768 | -92.2% |
| Deferred charges and accrued income | 490/1 | €336 | €335 | -€1 | -0.4% |
| Total equity and liabilities | 10/49 | €605,430 | €823,317 | +€217,887 | +36.0% |
| Equity | 10/15 | €458,963 | €446,223 | -€12,740 | -2.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €360,053 | €360,053 | = | 0.0% |
| Distributable reserves | 133 | €360,053 | €360,053 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,910 | €67,170 | -€12,740 | -15.9% |
| Amounts payable | 17/49 | €146,467 | €377,094 | +€230,627 | +157.5% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €65,242 | €297,094 | +€231,852 | +355.4% |
| Trade debts | 44 | €67 | €247 | +€180 | +269.9% |
| Suppliers | 440/4 | €67 | €247 | +€180 | +269.9% |
| Taxes, remuneration and social security | 45 | €3,278 | €2,733 | -€545 | -16.6% |
| Taxes | 450/3 | €3,278 | €2,733 | -€545 | -16.6% |
| Other amounts payable | 47/48 | €61,897 | €294,115 | +€232,218 | +375.2% |
| Accrued charges and deferred income | 492/3 | €1,225 | €0 | -€1,225 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,380 | €2,380 | = | 0.0% |
| Other operating charges | 640/8 | €15,514 | €2,328 | -€13,186 | -85.0% |
| Gross operating margin | 9900 | €96,056 | -€1,982 | -€98,038 | |
| Operating profit (loss) | 9901 | €78,162 | -€6,690 | -€84,853 | |
| Financial income | 75/76B | €86 | €37 | -€49 | -57.3% |
| Recurring financial income | 75 | €86 | €37 | -€49 | -57.3% |
| Financial charges | 65/66B | €6,168 | €6,086 | -€82 | -1.3% |
| Recurring financial charges | 65 | €6,168 | €6,086 | -€82 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €72,080 | -€12,740 | -€84,820 | |
| Income taxes | 67/77 | €16,514 | €0 | -€16,514 | -100.0% |
| Profit (loss) for the period | 9904 | €55,566 | -€12,740 | -€68,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €55,566 | -€12,740 | -€68,306 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.