Peter Pastijn: 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 Pastijn
Largest movements
- Receivables within one year +€22,608
up €22,608 (+35.3%), from €64,124 to €86,732
of which Other amounts receivable: +€79,590
- Cash -€11,420
down €11,420 (-94.3%), from €12,108 to €688
mainly Receivables within one year (-€22,608) and Tax, wage and social debts (-€13,662)
- Tangible fixed assets -€7,007
down €7,007 (-27.1%), from €25,898 to €18,891
of which Furniture and vehicles: -€6,660
- Tax, wage and social debts -€13,662
down €13,662 (-64.4%), from €21,222 to €7,560
- Trade debts +€13,544
up €13,544 (+619%), from €2,187 to €15,731
- Profit (loss) carried forward +€11,257
up €11,257 (+136%), from €8,276 to €19,533
- Debts after one year -€5,841
down €5,841 (-47.0%), from €12,437 to €6,597
- Financial income +€3,910
up €3,910 (+1,830%), from €214 to €4,124
- Other operating charges -€3,053
down €3,053 (-77.8%), from €3,926 to €873
- Financial charges +€1,917
up €1,917 (+169%), from €1,134 to €3,050
- Gross operating margin -€1,116
down €1,116 (-4.9%), from €22,616 to €21,500
- Depreciation +€1,021
up €1,021 (+17.1%), from €5,986 to €7,007
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 | €102,130 | €106,773 | +€4,644 | +4.5% |
| Fixed assets | 21/28 | €25,898 | €18,891 | -€7,007 | -27.1% |
| Tangible fixed assets | 22/27 | €25,898 | €18,891 | -€7,007 | -27.1% |
| Plant, machinery and equipment | 23 | €1,649 | €1,303 | -€346 | -21.0% |
| Furniture and vehicles | 24 | €24,249 | €17,589 | -€6,660 | -27.5% |
| Current assets | 29/58 | €76,232 | €87,882 | +€11,650 | +15.3% |
| Amounts receivable within one year | 40/41 | €64,124 | €86,732 | +€22,608 | +35.3% |
| Trade receivables | 40 | €58,162 | €1,180 | -€56,983 | -98.0% |
| Other amounts receivable | 41 | €5,962 | €85,552 | +€79,590 | +1,335% |
| Cash at bank and in hand | 54/58 | €12,108 | €688 | -€11,420 | -94.3% |
| Deferred charges and accrued income | 490/1 | - | €463 | +€463 | |
| Total equity and liabilities | 10/49 | €102,130 | €106,773 | +€4,644 | +4.5% |
| Equity | 10/15 | €55,251 | €66,508 | +€11,257 | +20.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €45,475 | €45,475 | = | 0.0% |
| Distributable reserves | 133 | €45,475 | €45,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,276 | €19,533 | +€11,257 | +136% |
| Amounts payable | 17/49 | €46,879 | €40,266 | -€6,613 | -14.1% |
| Amounts payable after more than one year | 17 | €12,437 | €6,597 | -€5,841 | -47.0% |
| Financial debts | 170/4 | €12,437 | €6,597 | -€5,841 | -47.0% |
| Amounts payable within one year | 42/48 | €34,441 | €33,669 | -€772 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €10,165 | €10,378 | +€213 | +2.1% |
| Trade debts | 44 | €2,187 | €15,731 | +€13,544 | +619% |
| Suppliers | 440/4 | €2,187 | €15,731 | +€13,544 | +619% |
| Taxes, remuneration and social security | 45 | €21,222 | €7,560 | -€13,662 | -64.4% |
| Taxes | 450/3 | €21,222 | €7,560 | -€13,662 | -64.4% |
| Other amounts payable | 47/48 | €868 | - | -€868 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,986 | €7,007 | +€1,021 | +17.1% |
| Other operating charges | 640/8 | €3,926 | €873 | -€3,053 | -77.8% |
| Gross operating margin | 9900 | €22,616 | €21,500 | -€1,116 | -4.9% |
| Operating profit (loss) | 9901 | €12,704 | €13,620 | +€917 | +7.2% |
| Financial income | 75/76B | €214 | €4,124 | +€3,910 | +1,830% |
| Recurring financial income | 75 | €214 | €4,124 | +€3,910 | +1,830% |
| Financial charges | 65/66B | €1,134 | €3,050 | +€1,917 | +169% |
| Recurring financial charges | 65 | €1,134 | €3,050 | +€1,917 | +169% |
| Profit (loss) for the period before taxes | 9903 | €11,784 | €14,694 | +€2,910 | +24.7% |
| Income taxes | 67/77 | €3,508 | €3,437 | -€71 | -2.0% |
| Profit (loss) for the period | 9904 | €8,276 | €11,257 | +€2,981 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,276 | €11,257 | +€2,981 | +36.0% |
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 20 October 2026 via checked.be.