Peter De Witte: 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 Witte
Largest movements
- Cash -€21,255
down €21,255 (-80.7%), from €26,326 to €5,072
mainly Net result for the year (-€28,422) and Receivables within one year (-€11,092)
- Receivables within one year +€11,092
up €11,092 (+87.9%), from €12,619 to €23,711
of which Trade receivables: +€17,260
- Tangible fixed assets -€1,012
down €1,012 (-48.3%), from €2,094 to €1,082
- Deferred charges and accrued income -€677
down €677 (-100%), from €677 to €0
- Profit (loss) carried forward -€18,767
new in 2025: -€18,767
- Other debts +€9,850
up €9,850 (+115%), from €8,530 to €18,380
- Reserves -€9,655
down €9,655 (-48.7%), from €19,807 to €10,151
of which Distributable reserves: -€9,655
- Trade debts +€6,720
up €6,720 (+94.2%), from €7,130 to €13,850
- Gross operating margin -€26,887
down €26,887, from €1,368 to -€25,519
- Financial charges -€333
down €333 (-26.3%), from €1,263 to €931
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 | €41,717 | €29,865 | -€11,852 | -28.4% |
| Fixed assets | 21/28 | €2,094 | €1,082 | -€1,012 | -48.3% |
| Tangible fixed assets | 22/27 | €2,094 | €1,082 | -€1,012 | -48.3% |
| Furniture and vehicles | 24 | €2,094 | €1,082 | -€1,012 | -48.3% |
| Current assets | 29/58 | €39,623 | €28,783 | -€10,840 | -27.4% |
| Amounts receivable within one year | 40/41 | €12,619 | €23,711 | +€11,092 | +87.9% |
| Trade receivables | 40 | €4,011 | €21,271 | +€17,260 | +430% |
| Other amounts receivable | 41 | €8,608 | €2,440 | -€6,168 | -71.7% |
| Cash at bank and in hand | 54/58 | €26,326 | €5,072 | -€21,255 | -80.7% |
| Deferred charges and accrued income | 490/1 | €677 | €0 | -€677 | -100% |
| Total equity and liabilities | 10/49 | €41,717 | €29,865 | -€11,852 | -28.4% |
| Equity | 10/15 | €26,057 | -€2,365 | -€28,422 | |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €19,807 | €10,151 | -€9,655 | -48.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €17,947 | €8,291 | -€9,655 | -53.8% |
| Profit (loss) carried forward | 14 | - | -€18,767 | -€18,767 | |
| Amounts payable | 17/49 | €15,660 | €32,230 | +€16,570 | +106% |
| Amounts payable within one year | 42/48 | €15,660 | €32,230 | +€16,570 | +106% |
| Trade debts | 44 | €7,130 | €13,850 | +€6,720 | +94.2% |
| Suppliers | 440/4 | €7,130 | €13,850 | +€6,720 | +94.2% |
| Other amounts payable | 47/48 | €8,530 | €18,380 | +€9,850 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €1,012 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,147 | €960 | -€187 | -16.3% |
| Gross operating margin | 9900 | €1,368 | -€25,519 | -€26,887 | |
| Operating profit (loss) | 9901 | -€791 | -€27,491 | -€26,699 | -3,374% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €1,263 | €931 | -€333 | -26.3% |
| Recurring financial charges | 65 | €1,263 | €931 | -€333 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,051 | -€28,422 | -€26,371 | -1,286% |
| Profit (loss) for the period | 9904 | -€2,051 | -€28,422 | -€26,371 | -1,286% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,051 | -€28,422 | -€26,371 | -1,286% |
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 15 October 2026 via checked.be.