PETER LATHOUWERS: 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 LATHOUWERS
Largest movements
- Receivables within one year +€512
up €512 (+3.9%), from €12,990 to €13,502
of which Other amounts receivable: +€512
- Tangible fixed assets -€149
down €149 (-80.1%), from €186 to €37
- Other debts +€29,245
up €29,245 (+286.5%), from €10,207 to €39,452
- Profit (loss) carried forward -€27,819
down €27,819 (-71.1%), from -€39,133 to -€66,952
- Contributions -€977
down €977 (-8.9%), from €10,977 to €10,000
- Advances received +€379
new in 2025: €379
- Accrued charges and deferred income -€357
no longer reported in 2025 (was €357)
- Other operating charges -€1,031
down €1,031 (-58.7%), from €1,756 to €725
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 | €13,549 | €13,912 | +€363 | +2.7% |
| Fixed assets | 21/28 | €186 | €37 | -€149 | -80.1% |
| Tangible fixed assets | 22/27 | €186 | €37 | -€149 | -80.1% |
| Furniture and vehicles | 24 | €186 | €37 | -€149 | -80.1% |
| Current assets | 29/58 | €13,363 | €13,875 | +€512 | +3.8% |
| Amounts receivable within one year | 40/41 | €12,990 | €13,502 | +€512 | +3.9% |
| Trade receivables | 40 | €12,582 | €12,582 | = | 0.0% |
| Other amounts receivable | 41 | €408 | €920 | +€512 | +125.5% |
| Cash at bank and in hand | 54/58 | €373 | €373 | = | 0.0% |
| Total equity and liabilities | 10/49 | €13,549 | €13,912 | +€363 | +2.7% |
| Equity | 10/15 | -€14,334 | -€43,130 | -€28,796 | -200.9% |
| Contributions | 10/11 | €10,977 | €10,000 | -€977 | -8.9% |
| Reserves | 13 | €13,822 | €13,822 | = | 0.0% |
| Distributable reserves | 133 | €13,822 | €13,822 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,133 | -€66,952 | -€27,819 | -71.1% |
| Amounts payable | 17/49 | €27,883 | €57,042 | +€29,159 | +104.6% |
| Amounts payable within one year | 42/48 | €27,526 | €57,042 | +€29,516 | +107.2% |
| Financial debts | 43 | €14,745 | €14,489 | -€256 | -1.7% |
| Credit institutions | 430/8 | €14,745 | €14,489 | -€256 | -1.7% |
| Trade debts | 44 | €2,574 | €2,722 | +€148 | +5.7% |
| Suppliers | 440/4 | €2,574 | €2,722 | +€148 | +5.7% |
| Advances received on contracts in progress | 46 | - | €379 | +€379 | |
| Other amounts payable | 47/48 | €10,207 | €39,452 | +€29,245 | +286.5% |
| Accrued charges and deferred income | 492/3 | €357 | - | -€357 | |
| Remuneration, social security and pensions | 62 | €99 | - | -€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €149 | = | 0.0% |
| Other operating charges | 640/8 | €1,756 | €725 | -€1,031 | -58.7% |
| Gross operating margin | 9900 | -€24,695 | -€24,714 | -€19 | -0.1% |
| Operating profit (loss) | 9901 | -€26,699 | -€25,588 | +€1,111 | +4.2% |
| Financial charges | 65/66B | €2,163 | €2,231 | +€68 | +3.1% |
| Recurring financial charges | 65 | €2,052 | €2,122 | +€70 | +3.4% |
| Non-recurring financial charges | 66B | €111 | €109 | -€2 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | -€28,862 | -€27,819 | +€1,043 | +3.6% |
| Profit (loss) for the period | 9904 | -€28,862 | -€27,819 | +€1,043 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,862 | -€27,819 | +€1,043 | +3.6% |
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 4 October 2026 via checked.be.