Peter Grielens: 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 Grielens
Largest movements
- Receivables within one year -€18,151
down €18,151 (-44.1%), from €41,166 to €23,015
of which Trade receivables: -€12,387
- Deferred charges and accrued income -€12,569
down €12,569 (-95.3%), from €13,189 to €620
- Stocks and contracts -€5,900
down €5,900 (-25.5%), from €23,100 to €17,200
- Trade debts -€18,517
down €18,517 (-91.2%), from €20,301 to €1,784
- Debts after one year -€8,734
no longer reported in 2025 (was €8,734)
- Profit (loss) carried forward -€4,179
down €4,179 (-37.4%), from €11,182 to €7,003
- Current portion of long-term debt -€3,927
down €3,927 (-31.0%), from €12,662 to €8,735
- Short-term financial debts -€2,011
down €2,011 (-15.3%), from €13,132 to €11,121
- Gross operating margin -€11,937
down €11,937, from €9,870 to -€2,067
- Depreciation -€1,779
down €1,779 (-68.7%), from €2,589 to €810
- Financial charges -€491
down €491 (-29.3%), from €1,678 to €1,187
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €79,584 | €42,884 | -€36,700 | -46.1% |
| Fixed assets | 21/28 | €2,129 | €2,049 | -€80 | -3.8% |
| Tangible fixed assets | 22/27 | €2,129 | €2,049 | -€80 | -3.8% |
| Land and buildings | 22 | €2,129 | €1,337 | -€792 | -37.2% |
| Furniture and vehicles | 24 | - | €712 | +€712 | |
| Current assets | 29/58 | €77,455 | €40,835 | -€36,620 | -47.3% |
| Stocks and contracts in progress | 3 | €23,100 | €17,200 | -€5,900 | -25.5% |
| Stocks | 30/36 | €23,100 | €17,200 | -€5,900 | -25.5% |
| Amounts receivable within one year | 40/41 | €41,166 | €23,015 | -€18,151 | -44.1% |
| Trade receivables | 40 | €35,402 | €23,015 | -€12,387 | -35.0% |
| Other amounts receivable | 41 | €5,764 | - | -€5,764 | |
| Deferred charges and accrued income | 490/1 | €13,189 | €620 | -€12,569 | -95.3% |
| Total equity and liabilities | 10/49 | €79,584 | €42,884 | -€36,700 | -46.1% |
| Equity | 10/15 | €24,755 | €20,576 | -€4,179 | -16.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,073 | €1,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,073 | €1,073 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,073 | €1,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,182 | €7,003 | -€4,179 | -37.4% |
| Amounts payable | 17/49 | €54,829 | €22,308 | -€32,521 | -59.3% |
| Amounts payable after more than one year | 17 | €8,734 | - | -€8,734 | |
| Financial debts | 170/4 | €8,734 | - | -€8,734 | |
| Amounts payable within one year | 42/48 | €46,095 | €22,308 | -€23,787 | -51.6% |
| Current portion of amounts payable after more than one year | 42 | €12,662 | €8,735 | -€3,927 | -31.0% |
| Financial debts | 43 | €13,132 | €11,121 | -€2,011 | -15.3% |
| Credit institutions | 430/8 | €13,132 | €11,121 | -€2,011 | -15.3% |
| Trade debts | 44 | €20,301 | €1,784 | -€18,517 | -91.2% |
| Suppliers | 440/4 | €20,301 | €1,784 | -€18,517 | -91.2% |
| Other amounts payable | 47/48 | - | €668 | +€668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,589 | €810 | -€1,779 | -68.7% |
| Gross operating margin | 9900 | €9,870 | -€2,067 | -€11,937 | |
| Operating profit (loss) | 9901 | €7,281 | -€2,877 | -€10,158 | |
| Financial charges | 65/66B | €1,678 | €1,187 | -€491 | -29.3% |
| Recurring financial charges | 65 | €1,678 | €1,187 | -€491 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €5,603 | -€4,064 | -€9,667 | |
| Income taxes | 67/77 | €98 | €115 | +€17 | +17.3% |
| Profit (loss) for the period | 9904 | €5,505 | -€4,179 | -€9,684 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,505 | -€4,179 | -€9,684 |
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 20 October 2026 via checked.be.