PETER QUIPOR: 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 QUIPOR
Largest movements
- Cash +€49,403
up €49,403 (+190%), from €25,985 to €75,388
mainly Current investments (+€25,000) and Depreciation (+€11,472)
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Tangible fixed assets -€11,472
down €11,472 (-26.5%), from €43,312 to €31,840
- Receivables within one year -€9,004
down €9,004 (-81.6%), from €11,035 to €2,031
of which Trade receivables: -€5,631
- Reserves +€8,342
up €8,342 (+24.5%), from €34,082 to €42,424
of which Distributable reserves: +€8,342
- Other debts +€6,031
up €6,031 (+27.9%), from €21,607 to €27,638
- Trade debts -€5,909
down €5,909 (-62.5%), from €9,448 to €3,539
- Debts after one year -€5,867
down €5,867 (-48.0%), from €12,223 to €6,356
- Gross operating margin +€9,306
up €9,306 (+56.9%), from €16,345 to €25,651
- Taxes +€2,572
up €2,572 (+261%), from €987 to €3,559
- Financial income +€1,620
up €1,620 (+6,480%), from €25 to €1,645
- Other operating charges +€714
up €714 (+101%), from €708 to €1,422
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 | €113,842 | €117,803 | +€3,961 | +3.5% |
| Fixed assets | 21/28 | €45,601 | €34,129 | -€11,472 | -25.2% |
| Tangible fixed assets | 22/27 | €43,312 | €31,840 | -€11,472 | -26.5% |
| Furniture and vehicles | 24 | €43,312 | €31,840 | -€11,472 | -26.5% |
| Financial fixed assets | 28 | €2,289 | €2,289 | = | 0.0% |
| Current assets | 29/58 | €68,241 | €83,674 | +€15,433 | +22.6% |
| Stocks and contracts in progress | 3 | €4,050 | €4,788 | +€738 | +18.2% |
| Stocks | 30/36 | €4,050 | €4,788 | +€738 | +18.2% |
| Amounts receivable within one year | 40/41 | €11,035 | €2,031 | -€9,004 | -81.6% |
| Trade receivables | 40 | €7,662 | €2,031 | -€5,631 | -73.5% |
| Other amounts receivable | 41 | €3,373 | - | -€3,373 | |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €25,985 | €75,388 | +€49,403 | +190% |
| Deferred charges and accrued income | 490/1 | €2,171 | €1,467 | -€704 | -32.4% |
| Total equity and liabilities | 10/49 | €113,842 | €117,803 | +€3,961 | +3.5% |
| Equity | 10/15 | €61,856 | €70,198 | +€8,342 | +13.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €34,082 | €42,424 | +€8,342 | +24.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €32,082 | €40,424 | +€8,342 | +26.0% |
| Profit (loss) carried forward | 14 | €7,774 | €7,774 | = | 0.0% |
| Amounts payable | 17/49 | €51,986 | €47,605 | -€4,381 | -8.4% |
| Amounts payable after more than one year | 17 | €12,223 | €6,356 | -€5,867 | -48.0% |
| Financial debts | 170/4 | €12,223 | €6,356 | -€5,867 | -48.0% |
| Amounts payable within one year | 42/48 | €38,255 | €39,506 | +€1,251 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €5,867 | €5,867 | = | 0.0% |
| Trade debts | 44 | €9,448 | €3,539 | -€5,909 | -62.5% |
| Suppliers | 440/4 | €9,448 | €3,539 | -€5,909 | -62.5% |
| Taxes, remuneration and social security | 45 | €1,333 | €2,462 | +€1,129 | +84.7% |
| Taxes | 450/3 | €1,333 | €2,462 | +€1,129 | +84.7% |
| Other amounts payable | 47/48 | €21,607 | €27,638 | +€6,031 | +27.9% |
| Accrued charges and deferred income | 492/3 | €1,508 | €1,743 | +€235 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,472 | €11,472 | = | 0.0% |
| Other operating charges | 640/8 | €708 | €1,422 | +€714 | +101% |
| Gross operating margin | 9900 | €16,345 | €25,651 | +€9,306 | +56.9% |
| Operating profit (loss) | 9901 | €4,165 | €12,757 | +€8,592 | +206% |
| Financial income | 75/76B | €25 | €1,645 | +€1,620 | +6,480% |
| Recurring financial income | 75 | €25 | €1,645 | +€1,620 | +6,480% |
| Financial charges | 65/66B | €2,280 | €2,501 | +€221 | +9.7% |
| Recurring financial charges | 65 | €2,280 | €2,501 | +€221 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €1,910 | €11,901 | +€9,991 | +523% |
| Income taxes | 67/77 | €987 | €3,559 | +€2,572 | +261% |
| Profit (loss) for the period | 9904 | €923 | €8,342 | +€7,419 | +804% |
| Profit (loss) for the period to be appropriated | 9905 | €923 | €8,342 | +€7,419 | +804% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.