PETER VERMEIRE: 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 VERMEIRE
Largest movements
- Receivables after one year +€535,934
up €535,934 (+88.7%), from €604,334 to €1.1m
- Current investments +€239,158
up €239,158 (+73.6%), from €324,872 to €564,030
- Cash -€207,960
down €207,960 (-31.7%), from €657,036 to €449,076
mainly Receivables after one year (-€535,934) and Current investments (-€239,158)
- Receivables within one year +€112,441
up €112,441 (+32.7%), from €344,056 to €456,498
of which Other amounts receivable: +€100,842
- Tangible fixed assets -€49,784
down €49,784 (-6.1%), from €822,639 to €772,856
of which Land and buildings: -€36,447
- Reserves +€521,464
up €521,464 (+22.8%), from €2.3m to €2.8m
of which Distributable reserves: +€382,164
- Other debts +€146,186
up €146,186 (+170%), from €85,844 to €232,030
- Debts after one year -€137,000
down €137,000 (-64.1%), from €213,567 to €76,567
of which Financial debts: -€137,000
- Current portion of long-term debt +€100,000
up €100,000 (+270%), from €37,000 to €137,000
- Taxes +€31,618
up €31,618 (+10.4%), from €305,440 to €337,058
- Financial income +€23,661
up €23,661 (+40.2%), from €58,806 to €82,467
of which Financial income: +€71,143
- Financial charges +€13,355
up €13,355 (+89.8%), from €14,878 to €28,233
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,755,813 | €3,385,314 | +€629,501 | +22.8% |
| Fixed assets | 21/28 | €822,939 | €773,156 | -€49,784 | -6.0% |
| Tangible fixed assets | 22/27 | €822,639 | €772,856 | -€49,784 | -6.1% |
| Land and buildings | 22 | €733,582 | €697,135 | -€36,447 | -5.0% |
| Plant, machinery and equipment | 23 | €4,193 | €5,810 | +€1,616 | +38.5% |
| Furniture and vehicles | 24 | €76,307 | €57,718 | -€18,589 | -24.4% |
| Other tangible fixed assets | 26 | €8,557 | €12,193 | +€3,635 | +42.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €1,932,874 | €2,612,158 | +€679,285 | +35.1% |
| Amounts receivable after more than one year | 29 | €604,334 | €1,140,268 | +€535,934 | +88.7% |
| Other amounts receivable | 291 | €604,334 | €1,140,268 | +€535,934 | +88.7% |
| Amounts receivable within one year | 40/41 | €344,056 | €456,498 | +€112,441 | +32.7% |
| Trade receivables | 40 | €58,345 | €69,945 | +€11,600 | +19.9% |
| Other amounts receivable | 41 | €285,711 | €386,553 | +€100,842 | +35.3% |
| Current investments | 50/53 | €324,872 | €564,030 | +€239,158 | +73.6% |
| Cash at bank and in hand | 54/58 | €657,036 | €449,076 | -€207,960 | -31.7% |
| Deferred charges and accrued income | 490/1 | €2,576 | €2,287 | -€289 | -11.2% |
| Total equity and liabilities | 10/49 | €2,755,813 | €3,385,314 | +€629,501 | +22.8% |
| Equity | 10/15 | €2,296,474 | €2,817,938 | +€521,464 | +22.7% |
| Contributions | 10/11 | €186 | €186 | = | 0.0% |
| Revaluation surpluses | 12 | €12,389 | €12,389 | = | 0.0% |
| Reserves | 13 | €2,283,899 | €2,805,363 | +€521,464 | +22.8% |
| Tax-exempt reserves | 132 | €700,400 | €839,700 | +€139,300 | +19.9% |
| Distributable reserves | 133 | €1,583,499 | €1,965,663 | +€382,164 | +24.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €459,339 | €567,376 | +€108,037 | +23.5% |
| Amounts payable after more than one year | 17 | €213,567 | €76,567 | -€137,000 | -64.1% |
| Financial debts | 170/4 | €211,667 | €74,667 | -€137,000 | -64.7% |
| Other amounts payable | 178/9 | €1,900 | €1,900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €245,772 | €487,581 | +€241,809 | +98.4% |
| Current portion of amounts payable after more than one year | 42 | €37,000 | €137,000 | +€100,000 | +270% |
| Trade debts | 44 | €15,620 | €10,663 | -€4,957 | -31.7% |
| Suppliers | 440/4 | €15,620 | €10,663 | -€4,957 | -31.7% |
| Taxes, remuneration and social security | 45 | €107,308 | €107,889 | +€581 | +0.5% |
| Taxes | 450/3 | €107,308 | €107,889 | +€581 | +0.5% |
| Other amounts payable | 47/48 | €85,844 | €232,030 | +€146,186 | +170% |
| Accrued charges and deferred income | 492/3 | - | €3,228 | +€3,228 | |
| Non-recurring operating income | 76A | €452 | - | -€452 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,018 | €65,911 | -€5,107 | -7.2% |
| Other operating charges | 640/8 | €6,650 | €3,749 | -€2,901 | -43.6% |
| Gross operating margin | 9900 | €1,105,560 | €1,112,456 | +€6,897 | +0.6% |
| Operating profit (loss) | 9901 | €1,027,891 | €1,042,797 | +€14,906 | +1.5% |
| Financial income | 75/76B | €58,806 | €82,467 | +€23,661 | +40.2% |
| Recurring financial income | 75 | €11,324 | €82,467 | +€71,143 | +628% |
| Non-recurring financial income | 76B | €47,482 | - | -€47,482 | |
| Financial charges | 65/66B | €14,878 | €28,233 | +€13,355 | +89.8% |
| Recurring financial charges | 65 | €14,878 | €28,233 | +€13,355 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €1,071,819 | €1,097,030 | +€25,211 | +2.4% |
| Income taxes | 67/77 | €305,440 | €337,058 | +€31,618 | +10.4% |
| Profit (loss) for the period | 9904 | €766,379 | €759,972 | -€6,406 | -0.8% |
| Transfer from tax-exempt reserves | 789 | €93,000 | €197,500 | +€104,500 | +112% |
| Transfer to tax-exempt reserves | 689 | €336,800 | €336,800 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €522,579 | €620,672 | +€98,094 | +18.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.