Peter Grognard: what changed
Two fiscal 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 Grognard
Largest movements
- Tangible fixed assets +€482
up €482 (+49.8%), from €967 to €1,449
- Receivables within one year -€89
down €89 (-11.6%), from €768 to €679
- Cash +€52
up €52 (+10.4%), from €502 to €555
mainly Other debts (+€13,899) and Depreciation (+€1,231)
- Other debts +€13,899
up €13,899 (+9.8%), from €141,692 to €155,591
- Profit (loss) carried forward -€12,171
down €12,171 (-5.3%), from -€229,336 to -€241,508
- Tax, wage and social debts -€928
down €928 (-62.0%), from €1,497 to €569
- Trade debts -€356
down €356 (-60.5%), from €588 to €232
- Gross operating margin -€5,047
down €5,047 (-104.2%), from -€4,843 to -€9,890
- Taxes -€330
down €330 (-100.0%), from €330 to €0
- Other operating charges -€295
down €295 (-32.1%), from €920 to €625
- Financial charges -€228
down €228 (-34.9%), from €653 to €425
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.
Cash bridge derived
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 | €2,238 | €2,682 | +€444 | +19.9% |
| Fixed assets | 21/28 | €967 | €1,449 | +€482 | +49.8% |
| Tangible fixed assets | 22/27 | €967 | €1,449 | +€482 | +49.8% |
| Plant, machinery and equipment | 23 | €967 | €1,449 | +€482 | +49.8% |
| Current assets | 29/58 | €1,271 | €1,233 | -€37 | -2.9% |
| Amounts receivable within one year | 40/41 | €768 | €679 | -€89 | -11.6% |
| Trade receivables | 40 | €768 | €679 | -€89 | -11.6% |
| Cash at bank and in hand | 54/58 | €502 | €555 | +€52 | +10.4% |
| Total equity and liabilities | 10/49 | €2,238 | €2,682 | +€444 | +19.9% |
| Equity | 10/15 | -€141,539 | -€153,710 | -€12,171 | -8.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €69,205 | €69,205 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €67,346 | €67,346 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€229,336 | -€241,508 | -€12,171 | -5.3% |
| Amounts payable | 17/49 | €143,777 | €156,393 | +€12,616 | +8.8% |
| Amounts payable within one year | 42/48 | €143,777 | €156,393 | +€12,616 | +8.8% |
| Trade debts | 44 | €588 | €232 | -€356 | -60.5% |
| Suppliers | 440/4 | €588 | €232 | -€356 | -60.5% |
| Taxes, remuneration and social security | 45 | €1,497 | €569 | -€928 | -62.0% |
| Taxes | 450/3 | €1,497 | €569 | -€928 | -62.0% |
| Other amounts payable | 47/48 | €141,692 | €155,591 | +€13,899 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €1,231 | -€5 | -0.4% |
| Other operating charges | 640/8 | €920 | €625 | -€295 | -32.1% |
| Gross operating margin | 9900 | -€4,843 | -€9,890 | -€5,047 | -104.2% |
| Operating profit (loss) | 9901 | -€6,999 | -€11,746 | -€4,747 | -67.8% |
| Financial income | 75/76B | €1 | €0 | -€0 | -49.2% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -49.2% |
| Financial charges | 65/66B | €653 | €425 | -€228 | -34.9% |
| Recurring financial charges | 65 | €653 | €425 | -€228 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,652 | -€12,171 | -€4,519 | -59.1% |
| Income taxes | 67/77 | €330 | €0 | -€330 | -100.0% |
| Profit (loss) for the period | 9904 | -€7,982 | -€12,171 | -€4,189 | -52.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,982 | -€12,171 | -€4,189 | -52.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.