PETER FRANS: 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 FRANS
Largest movements
- Receivables within one year +€30,211
up €30,211 (+462%), from €6,534 to €36,745
of which Trade receivables: +€28,859
- Cash -€8,925
down €8,925 (-22.9%), from €38,913 to €29,988
mainly Receivables within one year (-€30,211) and Tax, wage and social debts (-€2,289)
- Tangible fixed assets -€7,681
down €7,681 (-39.6%), from €19,374 to €11,693
- Reserves +€16,102
up €16,102 (+52.6%), from €30,632 to €46,734
- Tax, wage and social debts -€2,289
down €2,289 (-26.7%), from €8,587 to €6,298
- Gross operating margin -€17,726
down €17,726 (-34.1%), from €51,952 to €34,225
- Taxes -€5,353
down €5,353 (-39.6%), from €13,501 to €8,148
- Depreciation +€2,308
up €2,308 (+32.2%), from €7,157 to €9,465
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 | €64,821 | €78,426 | +€13,605 | +21.0% |
| Fixed assets | 21/28 | €19,374 | €11,693 | -€7,681 | -39.6% |
| Tangible fixed assets | 22/27 | €19,374 | €11,693 | -€7,681 | -39.6% |
| Furniture and vehicles | 24 | €19,374 | €11,693 | -€7,681 | -39.6% |
| Current assets | 29/58 | €45,447 | €66,733 | +€21,286 | +46.8% |
| Amounts receivable within one year | 40/41 | €6,534 | €36,745 | +€30,211 | +462% |
| Trade receivables | 40 | €6,534 | €35,393 | +€28,859 | +442% |
| Other amounts receivable | 41 | - | €1,352 | +€1,352 | |
| Cash at bank and in hand | 54/58 | €38,913 | €29,988 | -€8,925 | -22.9% |
| Total equity and liabilities | 10/49 | €64,821 | €78,426 | +€13,605 | +21.0% |
| Equity | 10/15 | €32,632 | €48,734 | +€16,102 | +49.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,632 | €46,734 | +€16,102 | +52.6% |
| Distributable reserves | 133 | €30,632 | €46,734 | +€16,102 | +52.6% |
| Amounts payable | 17/49 | €32,189 | €29,692 | -€2,497 | -7.8% |
| Amounts payable within one year | 42/48 | €32,189 | €29,692 | -€2,497 | -7.8% |
| Trade debts | 44 | €1,272 | €1,241 | -€31 | -2.5% |
| Suppliers | 440/4 | €1,272 | €1,241 | -€31 | -2.5% |
| Taxes, remuneration and social security | 45 | €8,587 | €6,298 | -€2,289 | -26.7% |
| Taxes | 450/3 | €8,587 | €6,298 | -€2,289 | -26.7% |
| Other amounts payable | 47/48 | €22,330 | €22,153 | -€177 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,157 | €9,465 | +€2,308 | +32.2% |
| Other operating charges | 640/8 | €528 | €400 | -€128 | -24.3% |
| Gross operating margin | 9900 | €51,952 | €34,225 | -€17,726 | -34.1% |
| Operating profit (loss) | 9901 | €44,266 | €24,360 | -€19,906 | -45.0% |
| Financial charges | 65/66B | €134 | €110 | -€23 | -17.4% |
| Recurring financial charges | 65 | €134 | €110 | -€23 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €44,133 | €24,250 | -€19,883 | -45.1% |
| Income taxes | 67/77 | €13,501 | €8,148 | -€5,353 | -39.6% |
| Profit (loss) for the period | 9904 | €30,632 | €16,102 | -€14,530 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,632 | €16,102 | -€14,530 | -47.4% |
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 18 October 2026 via checked.be.