Peter Marginet: 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 Marginet
Largest movements
- Stocks and contracts +€25,520
up €25,520 (+128.6%), from €19,850 to €45,370
of which Stocks: +€13,020
- Receivables within one year +€11,207
up €11,207 (+22.9%), from €48,952 to €60,159
of which Other amounts receivable: +€16,809
- Tangible fixed assets -€8,871
down €8,871 (-46.5%), from €19,087 to €10,216
of which Leasing and similar rights: -€4,843
- Cash +€7,303
up €7,303 (+105.8%), from €6,905 to €14,208
mainly Trade debts (+€14,042) and Advances received (+€11,609)
- Trade debts +€14,042
up €14,042 (+82.2%), from €17,085 to €31,127
- Advances received +€11,609
new in 2025: €11,609
- Reserves +€7,717
up €7,717 (+17.3%), from €44,723 to €52,440
- Other debts +€2,755
up €2,755 (+16.0%), from €17,234 to €19,989
- Current portion of long-term debt -€2,101
down €2,101 (-31.3%), from €6,710 to €4,609
- Financial charges +€2,266
up €2,266 (+367.1%), from €617 to €2,883
- Taxes -€560
down €560 (-19.1%), from €2,928 to €2,367
- Gross operating margin -€378
down €378 (-1.6%), from €23,323 to €22,945
- Other operating charges +€318
up €318 (+58.7%), from €541 to €859
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 | €94,944 | €130,586 | +€35,642 | +37.5% |
| Fixed assets | 21/28 | €19,087 | €10,216 | -€8,871 | -46.5% |
| Tangible fixed assets | 22/27 | €19,087 | €10,216 | -€8,871 | -46.5% |
| Plant, machinery and equipment | 23 | €5,741 | €3,778 | -€1,963 | -34.2% |
| Furniture and vehicles | 24 | €4,190 | €2,125 | -€2,065 | -49.3% |
| Leasing and similar rights | 25 | €9,156 | €4,312 | -€4,843 | -52.9% |
| Current assets | 29/58 | €75,857 | €120,371 | +€44,514 | +58.7% |
| Stocks and contracts in progress | 3 | €19,850 | €45,370 | +€25,520 | +128.6% |
| Stocks | 30/36 | €19,850 | €32,870 | +€13,020 | +65.6% |
| Contracts in progress | 37 | - | €12,500 | +€12,500 | |
| Amounts receivable within one year | 40/41 | €48,952 | €60,159 | +€11,207 | +22.9% |
| Trade receivables | 40 | €15,514 | €9,912 | -€5,602 | -36.1% |
| Other amounts receivable | 41 | €33,438 | €50,247 | +€16,809 | +50.3% |
| Cash at bank and in hand | 54/58 | €6,905 | €14,208 | +€7,303 | +105.8% |
| Deferred charges and accrued income | 490/1 | €150 | €634 | +€483 | +322.0% |
| Total equity and liabilities | 10/49 | €94,944 | €130,586 | +€35,642 | +37.5% |
| Equity | 10/15 | €49,723 | €57,440 | +€7,717 | +15.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €44,723 | €52,440 | +€7,717 | +17.3% |
| Distributable reserves | 133 | €44,723 | €52,440 | +€7,717 | +17.3% |
| Amounts payable | 17/49 | €45,221 | €73,147 | +€27,925 | +61.8% |
| Amounts payable within one year | 42/48 | €45,221 | €73,147 | +€27,925 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €6,710 | €4,609 | -€2,101 | -31.3% |
| Trade debts | 44 | €17,085 | €31,127 | +€14,042 | +82.2% |
| Suppliers | 440/4 | €17,085 | €31,127 | +€14,042 | +82.2% |
| Advances received on contracts in progress | 46 | - | €11,609 | +€11,609 | |
| Taxes, remuneration and social security | 45 | €4,193 | €5,813 | +€1,620 | +38.6% |
| Taxes | 450/3 | €4,193 | €3,582 | -€611 | -14.6% |
| Remuneration and social security | 454/9 | - | €2,231 | +€2,231 | |
| Other amounts payable | 47/48 | €17,234 | €19,989 | +€2,755 | +16.0% |
| Remuneration, social security and pensions | 62 | €909 | €840 | -€69 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,871 | €8,871 | = | 0.0% |
| Other operating charges | 640/8 | €541 | €859 | +€318 | +58.7% |
| Non-recurring operating charges | 66A | - | €146 | +€146 | |
| Gross operating margin | 9900 | €23,323 | €22,945 | -€378 | -1.6% |
| Operating profit (loss) | 9901 | €13,002 | €12,229 | -€773 | -5.9% |
| Financial income | 75/76B | €959 | €738 | -€221 | -23.1% |
| Recurring financial income | 75 | €959 | €738 | -€221 | -23.1% |
| Financial charges | 65/66B | €617 | €2,883 | +€2,266 | +367.1% |
| Recurring financial charges | 65 | €617 | €2,883 | +€2,266 | +367.1% |
| Profit (loss) for the period before taxes | 9903 | €13,344 | €10,084 | -€3,260 | -24.4% |
| Income taxes | 67/77 | €2,928 | €2,367 | -€560 | -19.1% |
| Profit (loss) for the period | 9904 | €10,416 | €7,717 | -€2,700 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,416 | €7,717 | -€2,700 | -25.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.