Peter D'Hoore: 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 D'Hoore
Largest movements
- Receivables within one year -€7,303
down €7,303 (-23.0%), from €31,688 to €24,385
- Profit (loss) carried forward -€6,914
down €6,914 (-16.9%), from -€40,886 to -€47,800
- Trade debts -€325
no longer reported in 2025 (was €325)
- Gross operating margin -€11,420
down €11,420, from €7,956 to -€3,464
- Other operating charges -€620
down €620 (-50.6%), from €1,225 to €605
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 | €31,929 | €24,690 | -€7,239 | -22.7% |
| Current assets | 29/58 | €31,929 | €24,690 | -€7,239 | -22.7% |
| Amounts receivable within one year | 40/41 | €31,688 | €24,385 | -€7,303 | -23.0% |
| Other amounts receivable | 41 | €31,688 | €24,385 | -€7,303 | -23.0% |
| Cash at bank and in hand | 54/58 | €241 | €305 | +€64 | +26.6% |
| Total equity and liabilities | 10/49 | €31,929 | €24,690 | -€7,239 | -22.7% |
| Equity | 10/15 | €6,604 | -€310 | -€6,914 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,890 | €28,890 | = | 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 | €27,030 | €27,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,886 | -€47,800 | -€6,914 | -16.9% |
| Amounts payable | 17/49 | €25,325 | €25,000 | -€325 | -1.3% |
| Amounts payable within one year | 42/48 | €25,325 | €25,000 | -€325 | -1.3% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €325 | - | -€325 | |
| Suppliers | 440/4 | €325 | - | -€325 | |
| Other operating charges | 640/8 | €1,225 | €605 | -€620 | -50.6% |
| Gross operating margin | 9900 | €7,956 | -€3,464 | -€11,420 | |
| Operating profit (loss) | 9901 | €6,731 | -€4,069 | -€10,800 | |
| Financial charges | 65/66B | €2,874 | €2,845 | -€29 | -1.0% |
| Recurring financial charges | 65 | €2,874 | €2,845 | -€29 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €3,857 | -€6,914 | -€10,771 | |
| Profit (loss) for the period | 9904 | €3,857 | -€6,914 | -€10,771 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,857 | -€6,914 | -€10,771 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.