PETER HUYLEBROECK: 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 HUYLEBROECK
Largest movements
- Receivables within one year -€27,350
down €27,350 (-41.9%), from €65,202 to €37,853
of which Other amounts receivable: -€25,682
- Cash +€20,209
up €20,209 (+56.5%), from €35,749 to €55,958
mainly Receivables within one year (+€27,350) and Net result for the year (+€15,426)
- Tangible fixed assets -€7,248
down €7,248 (-43.1%), from €16,802 to €9,554
- Trade debts +€9,005
up €9,005 (+96.4%), from €9,343 to €18,348
- Current portion of long-term debt -€7,024
down €7,024 (-100%), from €7,024 to €0
- Tax, wage and social debts -€5,974
down €5,974 (-75.8%), from €7,877 to €1,903
- Reserves -€5,922
down €5,922 (-9.1%), from €65,131 to €59,209
- Other debts -€5,666
down €5,666 (-18.4%), from €30,718 to €25,051
- Gross operating margin -€2,679
down €2,679 (-7.4%), from €36,306 to €33,627
- Write-downs +€2,211
new in 2025: €2,211
- Taxes -€1,874
down €1,874 (-21.2%), from €8,831 to €6,957
- Financial income -€1,423
down €1,423 (-68.1%), from €2,088 to €666
- Depreciation -€449
down €449 (-5.8%), from €7,697 to €7,248
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 | €127,645 | €112,392 | -€15,253 | -11.9% |
| Fixed assets | 21/28 | €16,937 | €9,689 | -€7,248 | -42.8% |
| Tangible fixed assets | 22/27 | €16,802 | €9,554 | -€7,248 | -43.1% |
| Furniture and vehicles | 24 | €16,802 | €9,554 | -€7,248 | -43.1% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €110,708 | €102,704 | -€8,004 | -7.2% |
| Stocks and contracts in progress | 3 | €8,387 | €7,223 | -€1,164 | -13.9% |
| Stocks | 30/36 | €8,387 | €7,223 | -€1,164 | -13.9% |
| Amounts receivable within one year | 40/41 | €65,202 | €37,853 | -€27,350 | -41.9% |
| Trade receivables | 40 | €36,373 | €34,705 | -€1,668 | -4.6% |
| Other amounts receivable | 41 | €28,829 | €3,147 | -€25,682 | -89.1% |
| Cash at bank and in hand | 54/58 | €35,749 | €55,958 | +€20,209 | +56.5% |
| Deferred charges and accrued income | 490/1 | €1,371 | €1,671 | +€300 | +21.9% |
| Total equity and liabilities | 10/49 | €127,645 | €112,392 | -€15,253 | -11.9% |
| Equity | 10/15 | €71,331 | €65,409 | -€5,922 | -8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,131 | €59,209 | -€5,922 | -9.1% |
| Distributable reserves | 133 | €65,131 | €59,209 | -€5,922 | -9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,314 | €46,984 | -€9,330 | -16.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €56,314 | €46,984 | -€9,330 | -16.6% |
| Current portion of amounts payable after more than one year | 42 | €7,024 | €0 | -€7,024 | -100% |
| Financial debts | 43 | €1,352 | €1,682 | +€329 | +24.3% |
| Credit institutions | 430/8 | €1,352 | €1,682 | +€329 | +24.3% |
| Trade debts | 44 | €9,343 | €18,348 | +€9,005 | +96.4% |
| Suppliers | 440/4 | €9,343 | €18,348 | +€9,005 | +96.4% |
| Taxes, remuneration and social security | 45 | €7,877 | €1,903 | -€5,974 | -75.8% |
| Taxes | 450/3 | €7,877 | €1,903 | -€5,974 | -75.8% |
| Other amounts payable | 47/48 | €30,718 | €25,051 | -€5,666 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,697 | €7,248 | -€449 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,211 | +€2,211 | |
| Other operating charges | 640/8 | €1,304 | €1,112 | -€192 | -14.7% |
| Gross operating margin | 9900 | €36,306 | €33,627 | -€2,679 | -7.4% |
| Operating profit (loss) | 9901 | €27,305 | €23,056 | -€4,249 | -15.6% |
| Financial income | 75/76B | €2,088 | €666 | -€1,423 | -68.1% |
| Recurring financial income | 75 | €2,088 | €666 | -€1,423 | -68.1% |
| Financial charges | 65/66B | €899 | €1,338 | +€440 | +48.9% |
| Recurring financial charges | 65 | €899 | €1,338 | +€440 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €28,494 | €22,383 | -€6,111 | -21.4% |
| Income taxes | 67/77 | €8,831 | €6,957 | -€1,874 | -21.2% |
| Profit (loss) for the period | 9904 | €19,663 | €15,426 | -€4,237 | -21.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,663 | €15,426 | -€4,237 | -21.5% |
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 16 October 2026 via checked.be.