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
- Current investments +€255,896
up €255,896 (+59.3%), from €431,843 to €687,739
- Cash -€169,732
down €169,732 (-50.5%), from €336,303 to €166,571
mainly Current investments (-€255,896) and Other debts (-€5,420)
- Receivables within one year -€10,855
down €10,855 (-62.3%), from €17,422 to €6,567
of which Other amounts receivable: -€10,325
- Reserves +€60,075
up €60,075 (+7.8%), from €768,333 to €828,407
of which Distributable reserves: +€60,075
- Tax, wage and social debts +€9,506
up €9,506 (+98.4%), from €9,659 to €19,165
- Gross operating margin +€15,524
up €15,524 (+22.8%), from €67,957 to €83,481
- Taxes +€4,202
up €4,202 (+17.6%), from €23,895 to €28,097
- Other operating charges +€1,661
up €1,661 (+249%), from €668 to €2,330
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 | €802,520 | €868,999 | +€66,480 | +8.3% |
| Fixed assets | 21/28 | €641 | €0 | -€641 | -100% |
| Tangible fixed assets | 22/27 | €441 | €0 | -€441 | -100% |
| Plant, machinery and equipment | 23 | €441 | €0 | -€441 | -100% |
| Financial fixed assets | 28 | €200 | €0 | -€200 | -100% |
| Current assets | 29/58 | €801,879 | €868,999 | +€67,121 | +8.4% |
| Amounts receivable within one year | 40/41 | €17,422 | €6,567 | -€10,855 | -62.3% |
| Trade receivables | 40 | €1,430 | €900 | -€530 | -37.1% |
| Other amounts receivable | 41 | €15,992 | €5,667 | -€10,325 | -64.6% |
| Current investments | 50/53 | €431,843 | €687,739 | +€255,896 | +59.3% |
| Cash at bank and in hand | 54/58 | €336,303 | €166,571 | -€169,732 | -50.5% |
| Deferred charges and accrued income | 490/1 | €16,311 | €8,123 | -€8,188 | -50.2% |
| Total equity and liabilities | 10/49 | €802,520 | €868,999 | +€66,480 | +8.3% |
| Equity | 10/15 | €787,333 | €847,407 | +€60,075 | +7.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €768,333 | €828,407 | +€60,075 | +7.8% |
| Non-distributable reserves | 130/1 | €12,462 | €12,462 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Other | 1319 | €10,562 | €10,562 | = | 0.0% |
| Distributable reserves | 133 | €755,871 | €815,946 | +€60,075 | +7.9% |
| Amounts payable | 17/49 | €15,187 | €21,592 | +€6,405 | +42.2% |
| Amounts payable within one year | 42/48 | €15,187 | €21,592 | +€6,405 | +42.2% |
| Financial debts | 43 | €68 | €0 | -€68 | -100% |
| Credit institutions | 430/8 | €68 | €0 | -€68 | -100% |
| Trade debts | 44 | €39 | €2,427 | +€2,388 | +6,091% |
| Suppliers | 440/4 | €39 | €2,427 | +€2,388 | +6,091% |
| Taxes, remuneration and social security | 45 | €9,659 | €19,165 | +€9,506 | +98.4% |
| Taxes | 450/3 | €9,659 | €19,165 | +€9,506 | +98.4% |
| Other amounts payable | 47/48 | €5,420 | €0 | -€5,420 | -100% |
| Non-recurring operating income | 76A | €6,695 | €0 | -€6,695 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €441 | -€43 | -8.9% |
| Other operating charges | 640/8 | €668 | €2,330 | +€1,661 | +249% |
| Gross operating margin | 9900 | €67,957 | €83,481 | +€15,524 | +22.8% |
| Operating profit (loss) | 9901 | €66,805 | €80,710 | +€13,905 | +20.8% |
| Financial income | 75/76B | €7,514 | €7,746 | +€232 | +3.1% |
| Recurring financial income | 75 | €7,514 | €7,746 | +€232 | +3.1% |
| Financial charges | 65/66B | €204 | €284 | +€80 | +39.2% |
| Recurring financial charges | 65 | €204 | €284 | +€80 | +39.2% |
| Profit (loss) for the period before taxes | 9903 | €74,114 | €88,172 | +€14,057 | +19.0% |
| Income taxes | 67/77 | €23,895 | €28,097 | +€4,202 | +17.6% |
| Profit (loss) for the period | 9904 | €50,219 | €60,075 | +€9,855 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,219 | €60,075 | +€9,855 | +19.6% |
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.