PETER DE MAERE: 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 MAERE
Largest movements
- Cash +€202,255
up €202,255 (+59.0%), from €342,721 to €544,976
mainly Net result for the year (+€148,349) and Accrued charges and deferred income (+€98,229)
- Receivables within one year +€111,738
up €111,738 (+1,863%), from €5,997 to €117,735
of which Trade receivables: +€114,251
- Stocks and contracts -€53,956
down €53,956 (-13.3%), from €405,974 to €352,018
- Reserves +€148,349
up €148,349 (+28.7%), from €516,608 to €664,957
- Accrued charges and deferred income +€98,229
up €98,229 (+863%), from €11,382 to €109,610
- Tax, wage and social debts +€23,207
up €23,207 (+243%), from €9,550 to €32,757
- Gross operating margin +€31,703
up €31,703 (+16.2%), from €195,921 to €227,624
- Taxes +€16,135
up €16,135 (+34.0%), from €47,487 to €63,622
- Financial charges -€10,489
down €10,489 (-91.1%), from €11,518 to €1,028
- Depreciation -€4,993
down €4,993 (-26.4%), from €18,916 to €13,923
- Write-downs -€3,174
no longer reported in 2025 (was €3,174)
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 | €780,910 | €1,034,306 | +€253,396 | +32.4% |
| Fixed assets | 21/28 | €17,374 | €7,274 | -€10,099 | -58.1% |
| Tangible fixed assets | 22/27 | €17,374 | €7,274 | -€10,099 | -58.1% |
| Plant, machinery and equipment | 23 | €4,552 | €4,225 | -€327 | -7.2% |
| Furniture and vehicles | 24 | €11,323 | €2,065 | -€9,258 | -81.8% |
| Other tangible fixed assets | 26 | €1,499 | €985 | -€514 | -34.3% |
| Current assets | 29/58 | €763,536 | €1,027,032 | +€263,496 | +34.5% |
| Stocks and contracts in progress | 3 | €405,974 | €352,018 | -€53,956 | -13.3% |
| Stocks | 30/36 | €405,974 | €352,018 | -€53,956 | -13.3% |
| Amounts receivable within one year | 40/41 | €5,997 | €117,735 | +€111,738 | +1,863% |
| Trade receivables | 40 | €3,484 | €117,735 | +€114,251 | +3,279% |
| Other amounts receivable | 41 | €2,513 | - | -€2,513 | |
| Cash at bank and in hand | 54/58 | €342,721 | €544,976 | +€202,255 | +59.0% |
| Deferred charges and accrued income | 490/1 | €8,844 | €12,303 | +€3,459 | +39.1% |
| Total equity and liabilities | 10/49 | €780,910 | €1,034,306 | +€253,396 | +32.4% |
| Equity | 10/15 | €536,608 | €684,957 | +€148,349 | +27.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €516,608 | €664,957 | +€148,349 | +28.7% |
| Distributable reserves | 133 | €516,608 | €664,957 | +€148,349 | +28.7% |
| Amounts payable | 17/49 | €244,302 | €349,349 | +€105,047 | +43.0% |
| Amounts payable within one year | 42/48 | €232,921 | €239,739 | +€6,818 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €7,603 | - | -€7,603 | |
| Trade debts | 44 | €12,493 | €11,225 | -€1,268 | -10.2% |
| Suppliers | 440/4 | €12,493 | €11,225 | -€1,268 | -10.2% |
| Taxes, remuneration and social security | 45 | €9,550 | €32,757 | +€23,207 | +243% |
| Taxes | 450/3 | €9,550 | €32,757 | +€23,207 | +243% |
| Other amounts payable | 47/48 | €203,275 | €195,757 | -€7,517 | -3.7% |
| Accrued charges and deferred income | 492/3 | €11,382 | €109,610 | +€98,229 | +863% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,916 | €13,923 | -€4,993 | -26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,174 | - | -€3,174 | |
| Other operating charges | 640/8 | €863 | €751 | -€112 | -13.0% |
| Gross operating margin | 9900 | €195,921 | €227,624 | +€31,703 | +16.2% |
| Operating profit (loss) | 9901 | €172,969 | €212,951 | +€39,982 | +23.1% |
| Financial income | 75/76B | €311 | €49 | -€262 | -84.3% |
| Recurring financial income | 75 | €311 | €49 | -€262 | -84.3% |
| Financial charges | 65/66B | €11,518 | €1,028 | -€10,489 | -91.1% |
| Recurring financial charges | 65 | €11,518 | €1,028 | -€10,489 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €161,762 | €211,971 | +€50,209 | +31.0% |
| Income taxes | 67/77 | €47,487 | €63,622 | +€16,135 | +34.0% |
| Profit (loss) for the period | 9904 | €114,275 | €148,349 | +€34,074 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €114,275 | €148,349 | +€34,074 | +29.8% |
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 16 October 2026 via checked.be.