PETER DE CLERCK: 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 CLERCK
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€104,184
up €104,184 (+62.6%), from €166,479 to €270,663
mainly Net result for the year (+€246,986) and Current investments (+€200,000)
- Other debts -€189,307
down €189,307 (-66.8%), from €283,298 to €93,991
- Reserves +€106,734
up €106,734 (+12.7%), from €841,305 to €948,039
of which Non-distributable reserves: +€106,734
- Debts after one year -€48,238
down €48,238 (-9.6%), from €502,749 to €454,511
- Tax, wage and social debts +€40,212
up €40,212 (+232%), from €17,331 to €57,542
- Gross operating margin +€132,517
up €132,517 (+41.5%), from €319,110 to €451,627
- Taxes +€45,878
up €45,878 (+69.3%), from €66,175 to €112,053
- Depreciation -€15,578
down €15,578 (-19.5%), from €79,825 to €64,247
- Other operating charges +€8,774
up €8,774 (+190%), from €4,626 to €13,400
- Financial charges -€6,701
down €6,701 (-25.2%), from €26,575 to €19,875
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 | €1,737,210 | €1,626,618 | -€110,592 | -6.4% |
| Fixed assets | 21/28 | €1,306,915 | €1,300,272 | -€6,643 | -0.5% |
| Intangible fixed assets | 21 | €1,628 | - | -€1,628 | |
| Tangible fixed assets | 22/27 | €1,305,287 | €1,300,272 | -€5,015 | -0.4% |
| Land and buildings | 22 | €1,288,573 | €1,244,147 | -€44,426 | -3.4% |
| Plant, machinery and equipment | 23 | - | €1,804 | +€1,804 | |
| Furniture and vehicles | 24 | €13,664 | €51,271 | +€37,607 | +275% |
| Other tangible fixed assets | 26 | €3,050 | €3,050 | = | 0.0% |
| Current assets | 29/58 | €430,295 | €326,346 | -€103,949 | -24.2% |
| Amounts receivable within one year | 40/41 | €55,622 | €53,401 | -€2,220 | -4.0% |
| Trade receivables | 40 | €55,622 | €53,401 | -€2,220 | -4.0% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €166,479 | €270,663 | +€104,184 | +62.6% |
| Deferred charges and accrued income | 490/1 | €8,194 | €2,282 | -€5,912 | -72.2% |
| Total equity and liabilities | 10/49 | €1,737,210 | €1,626,618 | -€110,592 | -6.4% |
| Equity | 10/15 | €847,505 | €954,239 | +€106,734 | +12.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €841,305 | €948,039 | +€106,734 | +12.7% |
| Non-distributable reserves | 130/1 | €841,223 | €947,957 | +€106,734 | +12.7% |
| Other | 1319 | €841,223 | €947,957 | +€106,734 | +12.7% |
| Tax-exempt reserves | 132 | €83 | €83 | = | 0.0% |
| Amounts payable | 17/49 | €889,704 | €672,378 | -€217,326 | -24.4% |
| Amounts payable after more than one year | 17 | €502,749 | €454,511 | -€48,238 | -9.6% |
| Financial debts | 170/4 | €502,749 | €454,511 | -€48,238 | -9.6% |
| Amounts payable within one year | 42/48 | €363,848 | €201,904 | -€161,944 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €46,000 | €48,238 | +€2,238 | +4.9% |
| Trade debts | 44 | €17,220 | €2,133 | -€15,087 | -87.6% |
| Suppliers | 440/4 | €17,220 | €2,133 | -€15,087 | -87.6% |
| Taxes, remuneration and social security | 45 | €17,331 | €57,542 | +€40,212 | +232% |
| Taxes | 450/3 | €17,331 | €57,542 | +€40,212 | +232% |
| Other amounts payable | 47/48 | €283,298 | €93,991 | -€189,307 | -66.8% |
| Accrued charges and deferred income | 492/3 | €23,107 | €15,963 | -€7,144 | -30.9% |
| Non-recurring operating income | 76A | - | €6,938 | +€6,938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,825 | €64,247 | -€15,578 | -19.5% |
| Other operating charges | 640/8 | €4,626 | €13,400 | +€8,774 | +190% |
| Non-recurring operating charges | 66A | €251 | €470 | +€219 | +87.2% |
| Gross operating margin | 9900 | €319,110 | €451,627 | +€132,517 | +41.5% |
| Operating profit (loss) | 9901 | €234,408 | €373,509 | +€139,101 | +59.3% |
| Financial income | 75/76B | €8,553 | €5,405 | -€3,148 | -36.8% |
| Recurring financial income | 75 | €8,553 | €5,405 | -€3,148 | -36.8% |
| Financial charges | 65/66B | €26,575 | €19,875 | -€6,701 | -25.2% |
| Recurring financial charges | 65 | €26,575 | €19,875 | -€6,701 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €216,385 | €359,040 | +€142,654 | +65.9% |
| Income taxes | 67/77 | €66,175 | €112,053 | +€45,878 | +69.3% |
| Profit (loss) for the period | 9904 | €150,211 | €246,986 | +€96,776 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €150,211 | €246,986 | +€96,776 | +64.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.