PETER DE BACKER: 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 DE BACKER
Largest movements
- Receivables after one year -€173,469
no longer reported in 2025 (was €173,469)
- Receivables within one year +€15,245
up €15,245 (+92.5%), from €16,486 to €31,730
of which Trade receivables: +€12,242
- Tangible fixed assets -€8,442
down €8,442 (-64.3%), from €13,132 to €4,690
of which Furniture and vehicles: -€8,360
- Profit (loss) carried forward -€125,424
down €125,424 (-91.5%), from -€137,004 to -€262,428
- Other debts -€39,364
no longer reported in 2025 (was €39,364)
- Trade debts -€36,098
down €36,098 (-63.9%), from €56,468 to €20,370
- Tax, wage and social debts +€20,209
up €20,209 (+3,039%), from €665 to €20,874
- Contributions +€18,592
up €18,592 (+74.4%), from €25,000 to €43,592
- Other operating charges +€115,921
up €115,921 (+2,781%), from €4,169 to €120,090
- Gross operating margin +€89,372
up €89,372 (+579%), from €15,427 to €104,798
- Taxes +€20,730
up €20,730 (+14,340%), from €145 to €20,874
- Financial charges -€4,742
down €4,742 (-59.8%), from €7,935 to €3,193
- Depreciation -€1,299
down €1,299 (-38.8%), from €3,347 to €2,048
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 | €209,889 | €44,208 | -€165,680 | -78.9% |
| Fixed assets | 21/28 | €15,518 | €7,076 | -€8,442 | -54.4% |
| Tangible fixed assets | 22/27 | €13,132 | €4,690 | -€8,442 | -64.3% |
| Plant, machinery and equipment | 23 | €82 | - | -€82 | |
| Furniture and vehicles | 24 | €13,050 | €4,690 | -€8,360 | -64.1% |
| Financial fixed assets | 28 | €2,386 | €2,386 | = | 0.0% |
| Current assets | 29/58 | €194,371 | €37,132 | -€157,239 | -80.9% |
| Amounts receivable after more than one year | 29 | €173,469 | - | -€173,469 | |
| Other amounts receivable | 291 | €173,469 | - | -€173,469 | |
| Amounts receivable within one year | 40/41 | €16,486 | €31,730 | +€15,245 | +92.5% |
| Trade receivables | 40 | €13,073 | €25,315 | +€12,242 | +93.6% |
| Other amounts receivable | 41 | €3,412 | €6,416 | +€3,003 | +88.0% |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Deferred charges and accrued income | 490/1 | €4,416 | €5,402 | +€986 | +22.3% |
| Total equity and liabilities | 10/49 | €209,889 | €44,208 | -€165,680 | -78.9% |
| Equity | 10/15 | €97,410 | -€9,422 | -€106,832 | |
| Contributions | 10/11 | €25,000 | €43,592 | +€18,592 | +74.4% |
| Reserves | 13 | €209,414 | €209,414 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,005 | €56,005 | = | 0.0% |
| Distributable reserves | 133 | €153,409 | €153,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,004 | -€262,428 | -€125,424 | -91.5% |
| Amounts payable | 17/49 | €112,479 | €53,631 | -€58,848 | -52.3% |
| Amounts payable within one year | 42/48 | €112,479 | €53,631 | -€58,848 | -52.3% |
| Current portion of amounts payable after more than one year | 42 | €1,227 | - | -€1,227 | |
| Financial debts | 43 | €14,755 | €12,386 | -€2,369 | -16.1% |
| Credit institutions | 430/8 | €14,755 | €12,386 | -€2,369 | -16.1% |
| Trade debts | 44 | €56,468 | €20,370 | -€36,098 | -63.9% |
| Suppliers | 440/4 | €56,468 | €20,370 | -€36,098 | -63.9% |
| Taxes, remuneration and social security | 45 | €665 | €20,874 | +€20,209 | +3,039% |
| Taxes | 450/3 | €665 | €20,874 | +€20,209 | +3,039% |
| Other amounts payable | 47/48 | €39,364 | - | -€39,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,347 | €2,048 | -€1,299 | -38.8% |
| Other operating charges | 640/8 | €4,169 | €120,090 | +€115,921 | +2,781% |
| Gross operating margin | 9900 | €15,427 | €104,798 | +€89,372 | +579% |
| Operating profit (loss) | 9901 | €7,910 | -€17,340 | -€25,251 | |
| Financial income | 75/76B | €17 | €0 | -€16 | -99.4% |
| Recurring financial income | 75 | €17 | €0 | -€16 | -99.4% |
| Financial charges | 65/66B | €7,935 | €3,193 | -€4,742 | -59.8% |
| Recurring financial charges | 65 | €7,935 | €3,193 | -€4,742 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | -€8 | -€20,533 | -€20,525 | -272,578% |
| Income taxes | 67/77 | €145 | €20,874 | +€20,730 | +14,340% |
| Profit (loss) for the period | 9904 | -€152 | -€41,407 | -€41,255 | -27,125% |
| Profit (loss) for the period to be appropriated | 9905 | -€152 | -€41,407 | -€41,255 | -27,125% |
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 17 October 2026 via checked.be.