PETER FIRLEFIJN: 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 FIRLEFIJN
Largest movements
- Current investments +€775,000
new in 2025: €775,000
- Cash +€501,565
up €501,565 (+72,064%), from €696 to €502,261
mainly Net result for the year (+€1.2m) and Investment in fixed assets (net) (+€142,847)
- Tangible fixed assets -€143,985
down €143,985 (-99.1%), from €145,227 to €1,242
of which Land and buildings: -€141,147
- Profit (loss) carried forward +€1.1m
up €1.1m, from -€897,449 to €234,029
- Tax, wage and social debts +€141,934
up €141,934 (+30,788%), from €461 to €142,395
- Other debts -€115,411
down €115,411 (-72.6%), from €158,957 to €43,546
- Trade debts -€103,139
down €103,139 (-91.1%), from €113,258 to €10,119
- Reserves +€72,881
new in 2025: €72,881
- Gross operating margin +€1.4m
up €1.4m, from -€14,889 to €1.4m
- Taxes +€141,934
up €141,934 (+30,788%), from €461 to €142,395
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 | €223,971 | €1,351,714 | +€1.1m | +504% |
| Fixed assets | 21/28 | €148,152 | €4,867 | -€143,285 | -96.7% |
| Tangible fixed assets | 22/27 | €145,227 | €1,242 | -€143,985 | -99.1% |
| Land and buildings | 22 | €141,147 | - | -€141,147 | |
| Plant, machinery and equipment | 23 | €4,080 | €1,242 | -€2,838 | -69.6% |
| Financial fixed assets | 28 | €2,925 | €3,625 | +€700 | +23.9% |
| Current assets | 29/58 | €75,819 | €1,346,847 | +€1.3m | +1,676% |
| Stocks and contracts in progress | 3 | €62,946 | €66,156 | +€3,210 | +5.1% |
| Stocks | 30/36 | €62,946 | €66,156 | +€3,210 | +5.1% |
| Amounts receivable within one year | 40/41 | €6,457 | €2,228 | -€4,229 | -65.5% |
| Trade receivables | 40 | €6,080 | €1,568 | -€4,512 | -74.2% |
| Other amounts receivable | 41 | €377 | €660 | +€283 | +75.1% |
| Current investments | 50/53 | - | €775,000 | +€775,000 | |
| Cash at bank and in hand | 54/58 | €696 | €502,261 | +€501,565 | +72,064% |
| Deferred charges and accrued income | 490/1 | €5,720 | €1,202 | -€4,518 | -79.0% |
| Total equity and liabilities | 10/49 | €223,971 | €1,351,714 | +€1.1m | +504% |
| Equity | 10/15 | -€168,642 | €1,035,717 | +€1.2m | |
| Contributions | 10/11 | €728,807 | €728,807 | = | 0.0% |
| Capital | 10 | €728,807 | €728,807 | = | 0.0% |
| Issued capital | 100 | €728,807 | €728,807 | = | 0.0% |
| Reserves | 13 | - | €72,881 | +€72,881 | |
| Non-distributable reserves | 130/1 | - | €72,881 | +€72,881 | |
| Legal reserve | 130 | - | €72,881 | +€72,881 | |
| Profit (loss) carried forward | 14 | -€897,449 | €234,029 | +€1.1m | |
| Provisions and deferred taxes | 16 | €119,924 | €119,924 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €119,924 | €119,924 | = | 0.0% |
| Pensions and similar obligations | 160 | €119,924 | €119,924 | = | 0.0% |
| Amounts payable | 17/49 | €272,689 | €196,073 | -€76,616 | -28.1% |
| Amounts payable within one year | 42/48 | €272,676 | €196,060 | -€76,616 | -28.1% |
| Trade debts | 44 | €113,258 | €10,119 | -€103,139 | -91.1% |
| Suppliers | 440/4 | €113,258 | €10,119 | -€103,139 | -91.1% |
| Taxes, remuneration and social security | 45 | €461 | €142,395 | +€141,934 | +30,788% |
| Taxes | 450/3 | €461 | €142,395 | +€141,934 | +30,788% |
| Other amounts payable | 47/48 | €158,957 | €43,546 | -€115,411 | -72.6% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,456,453 | +€1.5m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,049 | €438 | -€2,611 | -85.6% |
| Other operating charges | 640/8 | €9,381 | €5,483 | -€3,898 | -41.6% |
| Non-recurring operating charges | 66A | €9,053 | €37,227 | +€28,174 | +311% |
| Gross operating margin | 9900 | -€14,889 | €1,390,445 | +€1.4m | |
| Operating profit (loss) | 9901 | -€36,372 | €1,347,297 | +€1.4m | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €349 | €543 | +€194 | +55.6% |
| Recurring financial charges | 65 | €349 | €543 | +€194 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | -€36,706 | €1,346,754 | +€1.4m | |
| Income taxes | 67/77 | €461 | €142,395 | +€141,934 | +30,788% |
| Profit (loss) for the period | 9904 | -€37,167 | €1,204,359 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,167 | €1,204,359 | +€1.2m |
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 23 October 2026 via checked.be.