PETER MENTENS: 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 MENTENS
Largest movements
- Cash -€184,476
down €184,476 (-68.5%), from €269,249 to €84,772
mainly Other debts (-€182,835) and Tax, wage and social debts (-€85,453)
- Receivables within one year -€25,042
down €25,042 (-8.7%), from €289,017 to €263,975
of which Trade receivables: -€24,772
- Tangible fixed assets -€14,583
down €14,583 (-72.9%), from €20,009 to €5,426
of which Furniture and vehicles: -€14,274
- Other debts -€182,835
down €182,835 (-80.3%), from €227,616 to €44,782
- Tax, wage and social debts -€85,453
down €85,453 (-99.9%), from €85,498 to €45
- Trade debts +€84,808
up €84,808 (+2528.4%), from €3,354 to €88,162
- Reserves -€40,873
down €40,873 (-4.4%), from €927,043 to €886,170
of which Distributable reserves: -€40,873
- Financial income -€941,451
down €941,451 (-98.3%), from €957,385 to €15,935
- Taxes -€82,896
down €82,896 (-99.4%), from €83,428 to €532
- Gross operating margin +€21,148
up €21,148, from -€15,772 to €5,376
- Financial charges -€7,514
down €7,514 (-92.1%), from €8,162 to €648
of which Financial charges: -€6,446
- Depreciation -€765
down €765 (-4.7%), from €16,260 to €15,496
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 | €1,265,711 | €1,041,359 | -€224,352 | -17.7% |
| Fixed assets | 21/28 | €20,009 | €5,426 | -€14,583 | -72.9% |
| Tangible fixed assets | 22/27 | €20,009 | €5,426 | -€14,583 | -72.9% |
| Land and buildings | 22 | €757 | €678 | -€79 | -10.5% |
| Furniture and vehicles | 24 | €17,717 | €3,443 | -€14,274 | -80.6% |
| Other tangible fixed assets | 26 | €1,535 | €1,305 | -€230 | -15.0% |
| Current assets | 29/58 | €1,245,702 | €1,035,933 | -€209,769 | -16.8% |
| Amounts receivable within one year | 40/41 | €289,017 | €263,975 | -€25,042 | -8.7% |
| Trade receivables | 40 | €37,959 | €13,188 | -€24,772 | -65.3% |
| Other amounts receivable | 41 | €251,058 | €250,787 | -€271 | -0.1% |
| Current investments | 50/53 | €685,297 | €683,084 | -€2,213 | -0.3% |
| Cash at bank and in hand | 54/58 | €269,249 | €84,772 | -€184,476 | -68.5% |
| Deferred charges and accrued income | 490/1 | €2,140 | €4,102 | +€1,962 | +91.7% |
| Total equity and liabilities | 10/49 | €1,265,711 | €1,041,359 | -€224,352 | -17.7% |
| Equity | 10/15 | €945,643 | €904,770 | -€40,873 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €927,043 | €886,170 | -€40,873 | -4.4% |
| Tax-exempt reserves | 132 | €12 | €12 | = | 0.0% |
| Distributable reserves | 133 | €927,031 | €886,158 | -€40,873 | -4.4% |
| Amounts payable | 17/49 | €320,068 | €136,589 | -€183,480 | -57.3% |
| Amounts payable within one year | 42/48 | €316,468 | €132,989 | -€183,480 | -58.0% |
| Trade debts | 44 | €3,354 | €88,162 | +€84,808 | +2528.4% |
| Suppliers | 440/4 | €3,354 | €88,162 | +€84,808 | +2528.4% |
| Taxes, remuneration and social security | 45 | €85,498 | €45 | -€85,453 | -99.9% |
| Taxes | 450/3 | €85,498 | €45 | -€85,453 | -99.9% |
| Other amounts payable | 47/48 | €227,616 | €44,782 | -€182,835 | -80.3% |
| Accrued charges and deferred income | 492/3 | €3,600 | €3,600 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €63 | - | -€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,260 | €15,496 | -€765 | -4.7% |
| Other operating charges | 640/8 | €1,480 | €1,068 | -€411 | -27.8% |
| Gross operating margin | 9900 | -€15,772 | €5,376 | +€21,148 | |
| Operating profit (loss) | 9901 | -€33,575 | -€11,188 | +€22,387 | +66.7% |
| Financial income | 75/76B | €957,385 | €15,935 | -€941,451 | -98.3% |
| Recurring financial income | 75 | €957,385 | €15,935 | -€941,451 | -98.3% |
| Financial charges | 65/66B | €8,162 | €648 | -€7,514 | -92.1% |
| Recurring financial charges | 65 | €7,094 | €648 | -€6,446 | -90.9% |
| Non-recurring financial charges | 66B | €1,068 | - | -€1,068 | |
| Profit (loss) for the period before taxes | 9903 | €915,648 | €4,099 | -€911,549 | -99.6% |
| Income taxes | 67/77 | €83,428 | €532 | -€82,896 | -99.4% |
| Profit (loss) for the period | 9904 | €832,220 | €3,567 | -€828,653 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €832,220 | €3,567 | -€828,653 | -99.6% |
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.