PETER VANHOOREN: 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 VANHOOREN
Largest movements
- Receivables within one year +€27,710
up €27,710 (+59.0%), from €46,962 to €74,672
of which Trade receivables: +€27,002
- Tangible fixed assets -€18,712
down €18,712 (-9.2%), from €203,199 to €184,487
of which Furniture and vehicles: -€28,383
- Cash -€15,814
down €15,814 (-36.9%), from €42,899 to €27,085
mainly Current portion of long-term debt (-€31,267) and Receivables within one year (-€27,710)
- Current portion of long-term debt -€31,267
down €31,267 (-27.1%), from €115,374 to €84,107
- Trade debts +€21,578
up €21,578 (+94.9%), from €22,748 to €44,326
- Reserves +€14,245
up €14,245 (+12.2%), from €116,890 to €131,136
of which Distributable reserves: +€14,245
- Debts after one year -€14,107
down €14,107 (-32.8%), from €42,993 to €28,886
- Financial income -€58,368
down €58,368 (-97.1%), from €60,116 to €1,748
of which Financial income: -€36,451
- Gross operating margin +€51,376
up €51,376 (+685.9%), from €7,490 to €58,866
- Write-downs -€9,921
down €9,921, from €0 to -€9,921
- Depreciation +€5,167
up €5,167 (+17.4%), from €29,697 to €34,864
- Other operating charges +€5,134
up €5,134 (+201.3%), from €2,550 to €7,684
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 | €340,097 | €331,326 | -€8,771 | -2.6% |
| Fixed assets | 21/28 | €203,199 | €184,487 | -€18,712 | -9.2% |
| Tangible fixed assets | 22/27 | €203,199 | €184,487 | -€18,712 | -9.2% |
| Land and buildings | 22 | €69,253 | €76,861 | +€7,608 | +11.0% |
| Plant, machinery and equipment | 23 | €18,208 | €20,270 | +€2,063 | +11.3% |
| Furniture and vehicles | 24 | €115,738 | €87,355 | -€28,383 | -24.5% |
| Current assets | 29/58 | €136,898 | €146,839 | +€9,941 | +7.3% |
| Stocks and contracts in progress | 3 | €41,254 | €39,585 | -€1,669 | -4.0% |
| Stocks | 30/36 | €41,254 | €39,585 | -€1,669 | -4.0% |
| Amounts receivable within one year | 40/41 | €46,962 | €74,672 | +€27,710 | +59.0% |
| Trade receivables | 40 | €39,722 | €66,724 | +€27,002 | +68.0% |
| Other amounts receivable | 41 | €7,240 | €7,948 | +€708 | +9.8% |
| Cash at bank and in hand | 54/58 | €42,899 | €27,085 | -€15,814 | -36.9% |
| Deferred charges and accrued income | 490/1 | €5,783 | €5,497 | -€286 | -4.9% |
| Total equity and liabilities | 10/49 | €340,097 | €331,326 | -€8,771 | -2.6% |
| Equity | 10/15 | €135,482 | €149,728 | +€14,245 | +10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €116,890 | €131,136 | +€14,245 | +12.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €32,000 | €32,000 | = | 0.0% |
| Distributable reserves | 133 | €84,890 | €99,136 | +€14,245 | +16.8% |
| Amounts payable | 17/49 | €204,615 | €181,598 | -€23,017 | -11.2% |
| Amounts payable after more than one year | 17 | €42,993 | €28,886 | -€14,107 | -32.8% |
| Financial debts | 170/4 | €42,993 | €28,886 | -€14,107 | -32.8% |
| Amounts payable within one year | 42/48 | €161,089 | €152,514 | -€8,575 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €115,374 | €84,107 | -€31,267 | -27.1% |
| Trade debts | 44 | €22,748 | €44,326 | +€21,578 | +94.9% |
| Suppliers | 440/4 | €22,748 | €44,326 | +€21,578 | +94.9% |
| Taxes, remuneration and social security | 45 | €13,943 | €14,121 | +€178 | +1.3% |
| Taxes | 450/3 | €11,643 | €11,821 | +€178 | +1.5% |
| Remuneration and social security | 454/9 | €2,300 | €2,300 | = | 0.0% |
| Other amounts payable | 47/48 | €9,024 | €9,960 | +€936 | +10.4% |
| Accrued charges and deferred income | 492/3 | €533 | €198 | -€335 | -62.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,697 | €34,864 | +€5,167 | +17.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€9,921 | -€9,921 | |
| Other operating charges | 640/8 | €2,550 | €7,684 | +€5,134 | +201.3% |
| Gross operating margin | 9900 | €7,490 | €58,866 | +€51,376 | +685.9% |
| Operating profit (loss) | 9901 | -€24,758 | €26,239 | +€50,996 | |
| Financial income | 75/76B | €60,116 | €1,748 | -€58,368 | -97.1% |
| Recurring financial income | 75 | €38,198 | €1,748 | -€36,451 | -95.4% |
| Non-recurring financial income | 76B | €21,917 | €0 | -€21,917 | -100.0% |
| Financial charges | 65/66B | €10,113 | €7,407 | -€2,706 | -26.8% |
| Recurring financial charges | 65 | €10,113 | €7,407 | -€2,706 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €25,245 | €20,579 | -€4,666 | -18.5% |
| Income taxes | 67/77 | €6,141 | €6,334 | +€192 | +3.1% |
| Profit (loss) for the period | 9904 | €19,103 | €14,245 | -€4,858 | -25.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €19,103 | €14,245 | -€4,858 | -25.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.