PETER CORIJN: 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 CORIJN
Largest movements
- Receivables within one year -€33,023
down €33,023 (-64.6%), from €51,158 to €18,135
of which Trade receivables: -€31,833
- Tangible fixed assets +€14,759
up €14,759 (+174.7%), from €8,448 to €23,206
of which Furniture and vehicles: +€14,759
- Cash +€8,903
up €8,903 (+33.4%), from €26,647 to €35,550
mainly Receivables within one year (+€33,023) and Debts after one year (+€15,560)
- Deferred charges and accrued income -€934
down €934 (-71.2%), from €1,312 to €378
- Reserves -€24,588
down €24,588 (-47.7%), from €51,528 to €26,940
- Debts after one year +€15,560
new in 2025: €15,560
- Profit (loss) carried forward -€8,877
down €8,877, from €0 to -€8,877
- Current portion of long-term debt +€7,066
new in 2025: €7,066
- Tax, wage and social debts -€4,420
down €4,420 (-92.6%), from €4,772 to €352
of which Taxes: -€4,420
- Gross operating margin -€31,302
down €31,302, from €10,250 to -€21,052
- Write-downs +€11,730
up €11,730, from -€11,730 to €0
- Other operating charges +€3,535
up €3,535 (+58.9%), from €5,999 to €9,535
- Taxes -€3,438
down €3,438 (-95.0%), from €3,620 to €181
- Financial charges +€1,026
up €1,026 (+363.9%), from €282 to €1,307
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 | €87,566 | €77,270 | -€10,296 | -11.8% |
| Fixed assets | 21/28 | €8,448 | €23,206 | +€14,759 | +174.7% |
| Tangible fixed assets | 22/27 | €8,448 | €23,206 | +€14,759 | +174.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,448 | €23,206 | +€14,759 | +174.7% |
| Current assets | 29/58 | €79,118 | €54,064 | -€25,054 | -31.7% |
| Amounts receivable within one year | 40/41 | €51,158 | €18,135 | -€33,023 | -64.6% |
| Trade receivables | 40 | €48,159 | €16,326 | -€31,833 | -66.1% |
| Other amounts receivable | 41 | €2,999 | €1,809 | -€1,190 | -39.7% |
| Cash at bank and in hand | 54/58 | €26,647 | €35,550 | +€8,903 | +33.4% |
| Deferred charges and accrued income | 490/1 | €1,312 | €378 | -€934 | -71.2% |
| Total equity and liabilities | 10/49 | €87,566 | €77,270 | -€10,296 | -11.8% |
| Equity | 10/15 | €63,903 | €30,439 | -€33,464 | -52.4% |
| Contributions | 10/11 | €12,375 | €12,375 | = | 0.0% |
| Reserves | 13 | €51,528 | €26,940 | -€24,588 | -47.7% |
| Distributable reserves | 133 | €51,528 | €26,940 | -€24,588 | -47.7% |
| Profit (loss) carried forward | 14 | €0 | -€8,877 | -€8,877 | |
| Amounts payable | 17/49 | €23,662 | €46,831 | +€23,169 | +97.9% |
| Amounts payable after more than one year | 17 | - | €15,560 | +€15,560 | |
| Financial debts | 170/4 | - | €15,560 | +€15,560 | |
| Amounts payable within one year | 42/48 | €23,662 | €31,271 | +€7,609 | +32.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,066 | +€7,066 | |
| Trade debts | 44 | €418 | €4,602 | +€4,185 | +1001.7% |
| Suppliers | 440/4 | €418 | €4,602 | +€4,185 | +1001.7% |
| Taxes, remuneration and social security | 45 | €4,772 | €352 | -€4,420 | -92.6% |
| Taxes | 450/3 | €4,772 | €352 | -€4,420 | -92.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,472 | €19,251 | +€778 | +4.2% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,252 | €1,546 | -€706 | -31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,730 | €0 | +€11,730 | |
| Other operating charges | 640/8 | €5,999 | €9,535 | +€3,535 | +58.9% |
| Gross operating margin | 9900 | €10,250 | -€21,052 | -€31,302 | |
| Operating profit (loss) | 9901 | €13,728 | -€32,133 | -€45,861 | |
| Financial income | 75/76B | €104 | €158 | +€53 | +50.8% |
| Recurring financial income | 75 | €104 | €158 | +€53 | +50.8% |
| Financial charges | 65/66B | €282 | €1,307 | +€1,026 | +363.9% |
| Recurring financial charges | 65 | €282 | €1,307 | +€1,026 | +363.9% |
| Profit (loss) for the period before taxes | 9903 | €13,550 | -€33,283 | -€46,833 | |
| Income taxes | 67/77 | €3,620 | €181 | -€3,438 | -95.0% |
| Profit (loss) for the period | 9904 | €9,930 | -€33,464 | -€43,395 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,930 | -€33,464 | -€43,395 |
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 11 October 2026 via checked.be.