Peter Van De Lisdonk: 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 Van De Lisdonk
Largest movements
- Cash +€69,250
up €69,250 (+2,085%), from €3,322 to €72,572
mainly Stocks and contracts (+€31,367) and Receivables within one year (+€25,086)
- Stocks and contracts -€31,367
down €31,367 (-63.4%), from €49,510 to €18,143
- Receivables within one year -€25,086
down €25,086 (-38.8%), from €64,651 to €39,566
of which Trade receivables: -€21,087
- Tangible fixed assets -€24,851
down €24,851 (-52.3%), from €47,492 to €22,640
of which Plant, machinery and equipment: -€21,343
- Reserves -€7,566
down €7,566 (-6.3%), from €120,220 to €112,654
- Other debts +€5,844
up €5,844 (+40.1%), from €14,575 to €20,418
- Current portion of long-term debt -€5,773
no longer reported in 2025 (was €5,773)
- Trade debts -€5,579
down €5,579 (-94.3%), from €5,914 to €335
- Gross operating margin -€14,988
down €14,988 (-43.3%), from €34,576 to €19,588
- Depreciation -€2,732
down €2,732 (-9.9%), from €27,583 to €24,851
- Taxes -€1,384
down €1,384 (-91.1%), from €1,520 to €135
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 | €167,312 | €154,384 | -€12,928 | -7.7% |
| Fixed assets | 21/28 | €47,658 | €22,806 | -€24,851 | -52.1% |
| Tangible fixed assets | 22/27 | €47,492 | €22,640 | -€24,851 | -52.3% |
| Plant, machinery and equipment | 23 | €42,227 | €20,884 | -€21,343 | -50.5% |
| Furniture and vehicles | 24 | €5,264 | €1,756 | -€3,508 | -66.6% |
| Financial fixed assets | 28 | €166 | €166 | = | 0.0% |
| Current assets | 29/58 | €119,655 | €131,578 | +€11,923 | +10.0% |
| Stocks and contracts in progress | 3 | €49,510 | €18,143 | -€31,367 | -63.4% |
| Stocks | 30/36 | €49,510 | €18,143 | -€31,367 | -63.4% |
| Amounts receivable within one year | 40/41 | €64,651 | €39,566 | -€25,086 | -38.8% |
| Trade receivables | 40 | €56,132 | €35,046 | -€21,087 | -37.6% |
| Other amounts receivable | 41 | €8,519 | €4,520 | -€3,999 | -46.9% |
| Cash at bank and in hand | 54/58 | €3,322 | €72,572 | +€69,250 | +2,085% |
| Deferred charges and accrued income | 490/1 | €2,171 | €1,297 | -€874 | -40.3% |
| Total equity and liabilities | 10/49 | €167,312 | €154,384 | -€12,928 | -7.7% |
| Equity | 10/15 | €140,680 | €133,114 | -€7,566 | -5.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €120,220 | €112,654 | -€7,566 | -6.3% |
| Distributable reserves | 133 | €120,220 | €112,654 | -€7,566 | -6.3% |
| Amounts payable | 17/49 | €26,632 | €21,270 | -€5,362 | -20.1% |
| Amounts payable within one year | 42/48 | €26,615 | €21,161 | -€5,455 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €5,773 | - | -€5,773 | |
| Trade debts | 44 | €5,914 | €335 | -€5,579 | -94.3% |
| Suppliers | 440/4 | €5,914 | €335 | -€5,579 | -94.3% |
| Taxes, remuneration and social security | 45 | €354 | €407 | +€54 | +15.2% |
| Taxes | 450/3 | €354 | €407 | +€54 | +15.2% |
| Other amounts payable | 47/48 | €14,575 | €20,418 | +€5,844 | +40.1% |
| Accrued charges and deferred income | 492/3 | €17 | €109 | +€92 | +558% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,583 | €24,851 | -€2,732 | -9.9% |
| Other operating charges | 640/8 | €2,753 | €2,973 | +€221 | +8.0% |
| Gross operating margin | 9900 | €34,576 | €19,588 | -€14,988 | -43.3% |
| Operating profit (loss) | 9901 | €4,240 | -€8,237 | -€12,477 | |
| Financial income | 75/76B | €1,147 | €1,129 | -€19 | -1.6% |
| Recurring financial income | 75 | €1,147 | €1,129 | -€19 | -1.6% |
| Financial charges | 65/66B | €330 | €323 | -€7 | -2.2% |
| Recurring financial charges | 65 | €330 | €323 | -€7 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €5,058 | -€7,431 | -€12,489 | |
| Income taxes | 67/77 | €1,520 | €135 | -€1,384 | -91.1% |
| Profit (loss) for the period | 9904 | €3,538 | -€7,566 | -€11,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,538 | -€7,566 | -€11,104 |
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 17 October 2026 via checked.be.