PETER TRUYEN: 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 TRUYEN
Largest movements
- Cash +€79,388
up €79,388 (+132%), from €60,220 to €139,608
mainly Depreciation (+€154,522) and Trade debts (+€151,113)
- Receivables within one year -€23,670
down €23,670 (-9.6%), from €245,965 to €222,295
of which Trade receivables: -€24,417
- Deferred charges and accrued income +€20,000
new in 2025: €20,000
- Trade debts +€151,113
up €151,113 (+155%), from €97,521 to €248,634
- Debts after one year -€41,982
down €41,982 (-22.8%), from €183,854 to €141,872
- Other debts -€24,174
down €24,174 (-48.0%), from €50,333 to €26,159
- Profit (loss) carried forward -€17,669
new in 2025: -€17,669
- Gross operating margin -€250,128
down €250,128 (-52.6%), from €475,206 to €225,078
- Taxes -€78,968
no longer reported in 2025 (was €78,968)
- Depreciation +€15,803
up €15,803 (+11.4%), from €138,719 to €154,522
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 | €840,161 | €910,724 | +€70,562 | +8.4% |
| Fixed assets | 21/28 | €533,976 | €528,820 | -€5,156 | -1.0% |
| Tangible fixed assets | 22/27 | €525,996 | €520,840 | -€5,156 | -1.0% |
| Land and buildings | 22 | €158,133 | €152,533 | -€5,600 | -3.5% |
| Plant, machinery and equipment | 23 | €352,288 | €326,911 | -€25,377 | -7.2% |
| Furniture and vehicles | 24 | €15,574 | €41,396 | +€25,822 | +166% |
| Financial fixed assets | 28 | €7,980 | €7,980 | = | 0.0% |
| Current assets | 29/58 | €306,186 | €381,903 | +€75,718 | +24.7% |
| Amounts receivable within one year | 40/41 | €245,965 | €222,295 | -€23,670 | -9.6% |
| Trade receivables | 40 | €245,965 | €221,548 | -€24,417 | -9.9% |
| Other amounts receivable | 41 | - | €747 | +€747 | |
| Cash at bank and in hand | 54/58 | €60,220 | €139,608 | +€79,388 | +132% |
| Deferred charges and accrued income | 490/1 | - | €20,000 | +€20,000 | |
| Total equity and liabilities | 10/49 | €840,161 | €910,724 | +€70,562 | +8.4% |
| Equity | 10/15 | €376,276 | €358,606 | -€17,669 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,076 | €370,076 | = | 0.0% |
| Distributable reserves | 133 | €370,076 | €370,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€17,669 | -€17,669 | |
| Amounts payable | 17/49 | €463,886 | €552,117 | +€88,231 | +19.0% |
| Amounts payable after more than one year | 17 | €183,854 | €141,872 | -€41,982 | -22.8% |
| Financial debts | 170/4 | €183,854 | €141,872 | -€41,982 | -22.8% |
| Amounts payable within one year | 42/48 | €280,032 | €410,246 | +€130,214 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €61,687 | €65,561 | +€3,874 | +6.3% |
| Trade debts | 44 | €97,521 | €248,634 | +€151,113 | +155% |
| Suppliers | 440/4 | €97,521 | €248,634 | +€151,113 | +155% |
| Taxes, remuneration and social security | 45 | €70,492 | €69,892 | -€600 | -0.9% |
| Taxes | 450/3 | €70,492 | €69,892 | -€600 | -0.9% |
| Other amounts payable | 47/48 | €50,333 | €26,159 | -€24,174 | -48.0% |
| Remuneration, social security and pensions | 62 | €76,228 | €80,089 | +€3,860 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,719 | €154,522 | +€15,803 | +11.4% |
| Other operating charges | 640/8 | €1,464 | €1,596 | +€132 | +9.0% |
| Gross operating margin | 9900 | €475,206 | €225,078 | -€250,128 | -52.6% |
| Operating profit (loss) | 9901 | €258,795 | -€11,129 | -€269,923 | |
| Financial income | 75/76B | €526 | €811 | +€285 | +54.3% |
| Recurring financial income | 75 | €526 | €811 | +€285 | +54.3% |
| Non-recurring financial income | 76B | €526 | €811 | +€285 | +54.3% |
| Financial charges | 65/66B | €7,421 | €7,352 | -€69 | -0.9% |
| Recurring financial charges | 65 | €7,421 | €7,352 | -€69 | -0.9% |
| Non-recurring financial charges | 66B | €7,421 | €7,352 | -€69 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €251,899 | -€17,669 | -€269,568 | |
| Income taxes | 67/77 | €78,968 | - | -€78,968 | |
| Profit (loss) for the period | 9904 | €172,931 | -€17,669 | -€190,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,931 | -€17,669 | -€190,600 |
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 24 October 2026 via checked.be.