PETER GEENS: 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 GEENS
Largest movements
- Stocks and contracts +€31,845
up €31,845 (+275%), from €11,598 to €43,443
of which Contracts in progress: +€29,243
- Cash -€27,040
down €27,040 (-81.4%), from €33,203 to €6,162
mainly Stocks and contracts (-€31,845) and Receivables within one year (-€6,459)
- Receivables within one year +€6,459
up €6,459 (+25.2%), from €25,594 to €32,053
of which Trade receivables: +€7,638
- Deferred charges and accrued income +€3,948
up €3,948 (+97.4%), from €4,053 to €8,001
- Profit (loss) carried forward +€15,410
up €15,410 (+39.8%), from -€38,755 to -€23,345
- Trade debts -€5,277
down €5,277 (-22.6%), from €23,336 to €18,059
- Other debts +€5,256
up €5,256 (+64.9%), from €8,092 to €13,348
- Gross operating margin +€45,515
up €45,515, from -€19,205 to €26,310
- Other operating charges -€3,116
down €3,116 (-22.5%), from €13,839 to €10,723
- Financial charges -€786
down €786 (-90.0%), from €873 to €87
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 | €74,538 | €89,659 | +€15,121 | +20.3% |
| Fixed assets | 21/28 | €91 | €0 | -€91 | -100% |
| Tangible fixed assets | 22/27 | €91 | €0 | -€91 | -100% |
| Land and buildings | 22 | €91 | €0 | -€91 | -100% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €74,448 | €89,659 | +€15,211 | +20.4% |
| Stocks and contracts in progress | 3 | €11,598 | €43,443 | +€31,845 | +275% |
| Stocks | 30/36 | €11,598 | €14,200 | +€2,602 | +22.4% |
| Contracts in progress | 37 | - | €29,243 | +€29,243 | |
| Amounts receivable within one year | 40/41 | €25,594 | €32,053 | +€6,459 | +25.2% |
| Trade receivables | 40 | €21,806 | €29,443 | +€7,638 | +35.0% |
| Other amounts receivable | 41 | €3,788 | €2,609 | -€1,179 | -31.1% |
| Cash at bank and in hand | 54/58 | €33,203 | €6,162 | -€27,040 | -81.4% |
| Deferred charges and accrued income | 490/1 | €4,053 | €8,001 | +€3,948 | +97.4% |
| Total equity and liabilities | 10/49 | €74,538 | €89,659 | +€15,121 | +20.3% |
| Equity | 10/15 | €28,147 | €43,557 | +€15,410 | +54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,302 | €48,302 | = | 0.0% |
| 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 | €46,442 | €46,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,755 | -€23,345 | +€15,410 | +39.8% |
| Amounts payable | 17/49 | €46,391 | €46,102 | -€290 | -0.6% |
| Amounts payable within one year | 42/48 | €46,391 | €46,102 | -€290 | -0.6% |
| Trade debts | 44 | €23,336 | €18,059 | -€5,277 | -22.6% |
| Suppliers | 440/4 | €23,336 | €18,059 | -€5,277 | -22.6% |
| Taxes, remuneration and social security | 45 | €14,963 | €14,695 | -€268 | -1.8% |
| Taxes | 450/3 | €4,483 | €4,215 | -€268 | -6.0% |
| Remuneration and social security | 454/9 | €10,480 | €10,480 | = | 0.0% |
| Other amounts payable | 47/48 | €8,092 | €13,348 | +€5,256 | +64.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €319 | €91 | -€228 | -71.6% |
| Other operating charges | 640/8 | €13,839 | €10,723 | -€3,116 | -22.5% |
| Gross operating margin | 9900 | -€19,205 | €26,310 | +€45,515 | |
| Operating profit (loss) | 9901 | -€33,363 | €15,497 | +€48,860 | |
| Financial income | 75/76B | €29 | €1 | -€28 | -96.0% |
| Recurring financial income | 75 | €29 | €1 | -€28 | -96.0% |
| Financial charges | 65/66B | €873 | €87 | -€786 | -90.0% |
| Recurring financial charges | 65 | €873 | €87 | -€786 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | -€34,208 | €15,410 | +€49,618 | |
| Profit (loss) for the period | 9904 | -€34,208 | €15,410 | +€49,618 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,208 | €15,410 | +€49,618 |
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.