PETER DEKEERSMAEKER: what changed
PETER DEKEERSMAEKER
Largest movements
- Receivables within one year -€50,910
down €50,910 (-17.9%), from €283,805 to €232,895
of which Trade receivables: -€53,478
- Current investments +€16,941
up €16,941 (+93.5%), from €18,118 to €35,059
- Cash -€5,807
down €5,807 (-5.5%), from €105,140 to €99,333
mainly Contributions, distributions and other (-€125,108) and Current investments (-€16,941)
- Reserves -€86,288
down €86,288 (-36.3%), from €237,572 to €151,285
- Other debts +€59,010
up €59,010 (+149%), from €39,697 to €98,707
- Tax, wage and social debts -€14,133
down €14,133 (-78.3%), from €18,039 to €3,906
of which Taxes: -€9,149
- Gross operating margin -€49,875
down €49,875 (-34.0%), from €146,496 to €96,621
- Staff costs -€38,979
down €38,979, from €36,124 to -€2,855
- Other operating charges -€11,998
down €11,998 (-25.4%), from €47,184 to €35,186
- Taxes +€2,834
up €2,834 (+15.9%), from €17,876 to €20,710
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €411,927 | €370,038 | -€41,889 | -10.2% |
| Fixed assets | 21/28 | €1,735 | €849 | -€887 | -51.1% |
| Tangible fixed assets | 22/27 | €1,735 | €849 | -€887 | -51.1% |
| Furniture and vehicles | 24 | €1,735 | €849 | -€887 | -51.1% |
| Current assets | 29/58 | €410,192 | €369,189 | -€41,003 | -10.0% |
| Amounts receivable within one year | 40/41 | €283,805 | €232,895 | -€50,910 | -17.9% |
| Trade receivables | 40 | €283,805 | €230,327 | -€53,478 | -18.8% |
| Other amounts receivable | 41 | - | €2,568 | +€2,568 | |
| Current investments | 50/53 | €18,118 | €35,059 | +€16,941 | +93.5% |
| Cash at bank and in hand | 54/58 | €105,140 | €99,333 | -€5,807 | -5.5% |
| Deferred charges and accrued income | 490/1 | €3,130 | €1,902 | -€1,228 | -39.2% |
| Total equity and liabilities | 10/49 | €411,927 | €370,038 | -€41,889 | -10.2% |
| Equity | 10/15 | €284,877 | €198,589 | -€86,288 | -30.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,572 | €151,285 | -€86,288 | -36.3% |
| Distributable reserves | 133 | €237,572 | €151,285 | -€86,288 | -36.3% |
| Profit (loss) carried forward | 14 | €34,905 | €34,905 | = | 0.0% |
| Amounts payable | 17/49 | €127,050 | €171,449 | +€44,398 | +34.9% |
| Amounts payable within one year | 42/48 | €127,050 | €171,449 | +€44,398 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €8,770 | €10,675 | +€1,906 | +21.7% |
| Trade debts | 44 | €7,506 | €5,122 | -€2,384 | -31.8% |
| Suppliers | 440/4 | €7,506 | €5,122 | -€2,384 | -31.8% |
| Advances received on contracts in progress | 46 | €53,039 | €53,039 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €18,039 | €3,906 | -€14,133 | -78.3% |
| Taxes | 450/3 | €10,452 | €1,303 | -€9,149 | -87.5% |
| Remuneration and social security | 454/9 | €7,587 | €2,603 | -€4,984 | -65.7% |
| Other amounts payable | 47/48 | €39,697 | €98,707 | +€59,010 | +149% |
| Remuneration, social security and pensions | 62 | €36,124 | -€2,855 | -€38,979 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €583 | €887 | +€304 | +52.1% |
| Other operating charges | 640/8 | €47,184 | €35,186 | -€11,998 | -25.4% |
| Gross operating margin | 9900 | €146,496 | €96,621 | -€49,875 | -34.0% |
| Operating profit (loss) | 9901 | €62,606 | €63,404 | +€798 | +1.3% |
| Financial income | 75/76B | €116 | €217 | +€101 | +87.1% |
| Recurring financial income | 75 | €116 | €217 | +€101 | +87.1% |
| Financial charges | 65/66B | €4,541 | €4,091 | -€450 | -9.9% |
| Recurring financial charges | 65 | €4,541 | €4,091 | -€450 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €58,181 | €59,530 | +€1,349 | +2.3% |
| Income taxes | 67/77 | €17,876 | €20,710 | +€2,834 | +15.9% |
| Profit (loss) for the period | 9904 | €40,305 | €38,820 | -€1,485 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,305 | €38,820 | -€1,485 | -3.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.