Peter De Labey: 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 De Labey
Largest movements
- Cash +€201,590
up €201,590 (+255.2%), from €78,997 to €280,588
mainly Net result for the year (+€184,736) and Other debts (+€109,062)
- Receivables within one year -€43,681
down €43,681 (-54.5%), from €80,204 to €36,523
of which Trade receivables: -€43,783
- Tangible fixed assets +€18,019
up €18,019 (+76.3%), from €23,621 to €41,640
of which Furniture and vehicles: +€13,195
- Other debts +€109,062
up €109,062 (+6758.1%), from €1,614 to €110,676
- Profit (loss) carried forward +€55,654
up €55,654 (+43.1%), from €129,082 to €184,736
- Tax, wage and social debts +€10,975
up €10,975 (+35.0%), from €31,313 to €42,288
of which Remuneration and social security: +€6,600
- Gross operating margin +€97,560
up €97,560 (+61.2%), from €159,457 to €257,018
- Taxes +€24,947
up €24,947 (+69.5%), from €35,883 to €60,830
- Depreciation +€3,898
up €3,898 (+62.4%), from €6,249 to €10,147
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 | €182,875 | €360,343 | +€177,469 | +97.0% |
| Fixed assets | 21/28 | €23,621 | €41,640 | +€18,019 | +76.3% |
| Tangible fixed assets | 22/27 | €23,621 | €41,640 | +€18,019 | +76.3% |
| Plant, machinery and equipment | 23 | €8,154 | €8,653 | +€499 | +6.1% |
| Furniture and vehicles | 24 | €12,576 | €25,771 | +€13,195 | +104.9% |
| Other tangible fixed assets | 26 | €2,892 | €7,216 | +€4,325 | +149.6% |
| Current assets | 29/58 | €159,253 | €318,703 | +€159,450 | +100.1% |
| Amounts receivable within one year | 40/41 | €80,204 | €36,523 | -€43,681 | -54.5% |
| Trade receivables | 40 | €80,204 | €36,421 | -€43,783 | -54.6% |
| Other amounts receivable | 41 | - | €102 | +€102 | |
| Cash at bank and in hand | 54/58 | €78,997 | €280,588 | +€201,590 | +255.2% |
| Deferred charges and accrued income | 490/1 | €51 | €1,592 | +€1,541 | +2995.6% |
| Total equity and liabilities | 10/49 | €182,875 | €360,343 | +€177,469 | +97.0% |
| Equity | 10/15 | €144,082 | €199,736 | +€55,654 | +38.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,082 | €184,736 | +€55,654 | +43.1% |
| Amounts payable | 17/49 | €38,792 | €160,607 | +€121,815 | +314.0% |
| Amounts payable within one year | 42/48 | €36,792 | €157,607 | +€120,815 | +328.4% |
| Trade debts | 44 | €3,866 | €4,643 | +€777 | +20.1% |
| Suppliers | 440/4 | €3,866 | €4,643 | +€777 | +20.1% |
| Taxes, remuneration and social security | 45 | €31,313 | €42,288 | +€10,975 | +35.0% |
| Taxes | 450/3 | €31,313 | €35,688 | +€4,375 | +14.0% |
| Remuneration and social security | 454/9 | - | €6,600 | +€6,600 | |
| Other amounts payable | 47/48 | €1,614 | €110,676 | +€109,062 | +6758.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €3,000 | +€1,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,249 | €10,147 | +€3,898 | +62.4% |
| Other operating charges | 640/8 | €864 | €967 | +€103 | +11.9% |
| Gross operating margin | 9900 | €159,457 | €257,018 | +€97,560 | +61.2% |
| Operating profit (loss) | 9901 | €152,345 | €245,904 | +€93,559 | +61.4% |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €468 | €337 | -€131 | -27.9% |
| Recurring financial charges | 65 | €468 | €337 | -€131 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €151,892 | €245,567 | +€93,674 | +61.7% |
| Income taxes | 67/77 | €35,883 | €60,830 | +€24,947 | +69.5% |
| Profit (loss) for the period | 9904 | €116,009 | €184,736 | +€68,727 | +59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,009 | €184,736 | +€68,727 | +59.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.