Peter Buckinx: 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 Buckinx
Largest movements
- Receivables within one year -€7,864
down €7,864 (-45.4%), from €17,330 to €9,466
of which Trade receivables: -€8,330
- Cash -€1,896
down €1,896 (-99.1%), from €1,913 to €17
mainly Trade debts (-€9,400) and Tax, wage and social debts (-€5,514)
- Deferred charges and accrued income -€531
down €531 (-94.2%), from €564 to €33
- Tangible fixed assets -€241
no longer reported in 2025 (was €241)
- Trade debts -€9,400
down €9,400 (-95.2%), from €9,873 to €473
- Tax, wage and social debts -€5,514
down €5,514 (-99.4%), from €5,549 to €35
of which Taxes: -€3,717
- Other debts +€4,348
new in 2025: €4,348
- Gross operating margin +€12,734
up €12,734, from -€11,707 to €1,027
- Financial charges -€349
down €349 (-64.1%), from €545 to €196
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 | €20,048 | €9,515 | -€10,533 | -52.5% |
| Fixed assets | 21/28 | €241 | - | -€241 | |
| Tangible fixed assets | 22/27 | €241 | - | -€241 | |
| Plant, machinery and equipment | 23 | €241 | - | -€241 | |
| Current assets | 29/58 | €19,807 | €9,515 | -€10,292 | -52.0% |
| Amounts receivable within one year | 40/41 | €17,330 | €9,466 | -€7,864 | -45.4% |
| Trade receivables | 40 | €17,330 | €9,001 | -€8,330 | -48.1% |
| Other amounts receivable | 41 | - | €465 | +€465 | |
| Cash at bank and in hand | 54/58 | €1,913 | €17 | -€1,896 | -99.1% |
| Deferred charges and accrued income | 490/1 | €564 | €33 | -€531 | -94.2% |
| Total equity and liabilities | 10/49 | €20,048 | €9,515 | -€10,533 | -52.5% |
| Equity | 10/15 | €4,627 | €4,660 | +€33 | +0.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373 | -€340 | +€33 | +8.9% |
| Amounts payable | 17/49 | €15,421 | €4,855 | -€10,566 | -68.5% |
| Amounts payable within one year | 42/48 | €15,421 | €4,855 | -€10,566 | -68.5% |
| Trade debts | 44 | €9,873 | €473 | -€9,400 | -95.2% |
| Suppliers | 440/4 | €9,873 | €473 | -€9,400 | -95.2% |
| Taxes, remuneration and social security | 45 | €5,549 | €35 | -€5,514 | -99.4% |
| Taxes | 450/3 | €3,752 | €35 | -€3,717 | -99.1% |
| Remuneration and social security | 454/9 | €1,797 | - | -€1,797 | |
| Other amounts payable | 47/48 | - | €4,348 | +€4,348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271 | €241 | -€30 | -11.0% |
| Other operating charges | 640/8 | €609 | €512 | -€97 | -16.0% |
| Gross operating margin | 9900 | -€11,707 | €1,027 | +€12,734 | |
| Operating profit (loss) | 9901 | -€12,587 | €274 | +€12,861 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +892.9% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +892.9% |
| Financial charges | 65/66B | €545 | €196 | -€349 | -64.1% |
| Recurring financial charges | 65 | €545 | €196 | -€349 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,132 | €79 | +€13,212 | |
| Income taxes | 67/77 | €128 | €46 | -€82 | -63.9% |
| Profit (loss) for the period | 9904 | -€13,260 | €33 | +€13,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,260 | €33 | +€13,293 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.