PETER EYSERMANS: 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 EYSERMANS
Largest movements
- Cash +€20,358
up €20,358 (+34.1%), from €59,681 to €80,039
mainly Net result for the year (+€35,919) and Depreciation (+€3,395)
- Receivables within one year +€8,163
up €8,163 (+30.3%), from €26,910 to €35,073
of which Other amounts receivable: +€5,750
- Reserves +€35,900
up €35,900 (+18.4%), from €195,235 to €231,135
- Debts after one year -€7,903
down €7,903 (-22.3%), from €35,511 to €27,608
- Gross operating margin -€28,601
down €28,601 (-32.3%), from €88,475 to €59,874
- Taxes -€7,907
down €7,907 (-35.7%), from €22,154 to €14,248
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 | €273,213 | €301,613 | +€28,399 | +10.4% |
| Fixed assets | 21/28 | €186,138 | €186,178 | +€40 | 0.0% |
| Tangible fixed assets | 22/27 | €186,038 | €186,078 | +€40 | 0.0% |
| Land and buildings | 22 | €165,500 | €165,500 | = | 0.0% |
| Furniture and vehicles | 24 | - | €2,732 | +€2,732 | |
| Other tangible fixed assets | 26 | €20,538 | €17,845 | -€2,692 | -13.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €87,076 | €115,435 | +€28,359 | +32.6% |
| Amounts receivable within one year | 40/41 | €26,910 | €35,073 | +€8,163 | +30.3% |
| Trade receivables | 40 | €25,810 | €28,223 | +€2,413 | +9.4% |
| Other amounts receivable | 41 | €1,100 | €6,850 | +€5,750 | +523% |
| Cash at bank and in hand | 54/58 | €59,681 | €80,039 | +€20,358 | +34.1% |
| Deferred charges and accrued income | 490/1 | €485 | €322 | -€162 | -33.5% |
| Total equity and liabilities | 10/49 | €273,213 | €301,613 | +€28,399 | +10.4% |
| Equity | 10/15 | €201,545 | €237,465 | +€35,919 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €195,235 | €231,135 | +€35,900 | +18.4% |
| Distributable reserves | 133 | €195,235 | €231,135 | +€35,900 | +18.4% |
| Profit (loss) carried forward | 14 | €110 | €130 | +€19 | +17.5% |
| Amounts payable | 17/49 | €71,668 | €64,148 | -€7,520 | -10.5% |
| Amounts payable after more than one year | 17 | €35,511 | €27,608 | -€7,903 | -22.3% |
| Financial debts | 170/4 | €35,511 | €27,608 | -€7,903 | -22.3% |
| Amounts payable within one year | 42/48 | €35,570 | €36,092 | +€523 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €7,734 | €7,903 | +€169 | +2.2% |
| Trade debts | 44 | €5,777 | €6,226 | +€449 | +7.8% |
| Suppliers | 440/4 | €5,777 | €6,226 | +€449 | +7.8% |
| Taxes, remuneration and social security | 45 | €13,437 | €10,955 | -€2,482 | -18.5% |
| Taxes | 450/3 | €11,462 | €8,980 | -€2,482 | -21.7% |
| Remuneration and social security | 454/9 | €1,975 | €1,975 | = | 0.0% |
| Other amounts payable | 47/48 | €8,622 | €11,008 | +€2,387 | +27.7% |
| Accrued charges and deferred income | 492/3 | €588 | €448 | -€140 | -23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,093 | €3,395 | +€302 | +9.8% |
| Other operating charges | 640/8 | €3,751 | €4,344 | +€593 | +15.8% |
| Gross operating margin | 9900 | €88,475 | €59,874 | -€28,601 | -32.3% |
| Operating profit (loss) | 9901 | €81,631 | €52,135 | -€29,496 | -36.1% |
| Financial income | 75/76B | €80 | €0 | -€80 | -99.6% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -99.6% |
| Financial charges | 65/66B | €2,143 | €1,969 | -€174 | -8.1% |
| Recurring financial charges | 65 | €2,143 | €1,969 | -€174 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €79,568 | €50,167 | -€29,401 | -37.0% |
| Income taxes | 67/77 | €22,154 | €14,248 | -€7,907 | -35.7% |
| Profit (loss) for the period | 9904 | €57,414 | €35,919 | -€21,494 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €57,414 | €35,919 | -€21,494 | -37.4% |
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 14 October 2026 via checked.be.