PETERS: 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.
PETERS
Largest movements
- Tangible fixed assets -€67,828
down €67,828 (-13.7%), from €495,829 to €428,000
of which Furniture and vehicles: -€55,826
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year +€33,926
up €33,926 (+70.2%), from €48,295 to €82,221
of which Other amounts receivable: +€30,081
- Cash -€27,102
down €27,102 (-17.5%), from €154,861 to €127,759
mainly Contributions, distributions and other (-€114,495) and Current investments (-€50,000)
- Other debts +€114,942
up €114,942 (+9,044%), from €1,271 to €116,213
- Reserves -€77,553
down €77,553 (-33.9%), from €228,668 to €151,115
of which Distributable reserves: -€76,707
- Debts after one year -€48,733
down €48,733 (-17.3%), from €281,312 to €232,579
- Current portion of long-term debt -€16,062
down €16,062 (-24.8%), from €64,794 to €48,733
- Trade debts +€14,334
up €14,334 (+35.5%), from €40,408 to €54,742
- Gross operating margin -€38,808
down €38,808 (-4.1%), from €943,696 to €904,888
- Staff costs +€26,806
up €26,806 (+3.7%), from €721,944 to €748,750
- Taxes -€18,232
down €18,232 (-47.8%), from €38,174 to €19,942
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 | €800,509 | €797,674 | -€2,836 | -0.4% |
| Fixed assets | 21/28 | €495,829 | €428,000 | -€67,828 | -13.7% |
| Tangible fixed assets | 22/27 | €495,829 | €428,000 | -€67,828 | -13.7% |
| Land and buildings | 22 | €176,532 | €174,773 | -€1,758 | -1.0% |
| Plant, machinery and equipment | 23 | €65,477 | €55,233 | -€10,244 | -15.6% |
| Furniture and vehicles | 24 | €253,821 | €197,994 | -€55,826 | -22.0% |
| Current assets | 29/58 | €304,680 | €369,673 | +€64,993 | +21.3% |
| Stocks and contracts in progress | 3 | €83,364 | €89,111 | +€5,746 | +6.9% |
| Stocks | 30/36 | €83,364 | €89,111 | +€5,746 | +6.9% |
| Amounts receivable within one year | 40/41 | €48,295 | €82,221 | +€33,926 | +70.2% |
| Trade receivables | 40 | €42,141 | €45,987 | +€3,846 | +9.1% |
| Other amounts receivable | 41 | €6,154 | €36,234 | +€30,081 | +489% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €154,861 | €127,759 | -€27,102 | -17.5% |
| Deferred charges and accrued income | 490/1 | €18,160 | €20,582 | +€2,422 | +13.3% |
| Total equity and liabilities | 10/49 | €800,509 | €797,674 | -€2,836 | -0.4% |
| Equity | 10/15 | €257,734 | €178,617 | -€79,117 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,668 | €151,115 | -€77,553 | -33.9% |
| Tax-exempt reserves | 132 | €3,770 | €2,924 | -€846 | -22.4% |
| Distributable reserves | 133 | €224,898 | €148,191 | -€76,707 | -34.1% |
| Investment grants | 15 | €10,466 | €8,902 | -€1,564 | -14.9% |
| Provisions and deferred taxes | 16 | €1,204 | €859 | -€345 | -28.7% |
| Deferred taxes | 168 | €1,204 | €859 | -€345 | -28.7% |
| Amounts payable | 17/49 | €541,570 | €618,197 | +€76,627 | +14.1% |
| Amounts payable after more than one year | 17 | €281,312 | €232,579 | -€48,733 | -17.3% |
| Financial debts | 170/4 | €281,312 | €232,579 | -€48,733 | -17.3% |
| Amounts payable within one year | 42/48 | €259,114 | €379,756 | +€120,642 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €64,794 | €48,733 | -€16,062 | -24.8% |
| Trade debts | 44 | €40,408 | €54,742 | +€14,334 | +35.5% |
| Suppliers | 440/4 | €40,408 | €54,742 | +€14,334 | +35.5% |
| Taxes, remuneration and social security | 45 | €152,641 | €160,069 | +€7,428 | +4.9% |
| Taxes | 450/3 | €41,017 | €38,200 | -€2,817 | -6.9% |
| Remuneration and social security | 454/9 | €111,624 | €121,869 | +€10,246 | +9.2% |
| Other amounts payable | 47/48 | €1,271 | €116,213 | +€114,942 | +9,044% |
| Accrued charges and deferred income | 492/3 | €1,144 | €5,862 | +€4,717 | +412% |
| Non-recurring operating income | 76A | €471 | - | -€471 | |
| Remuneration, social security and pensions | 62 | €721,944 | €748,750 | +€26,806 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,311 | €87,590 | +€5,279 | +6.4% |
| Other operating charges | 640/8 | €4,763 | €2,072 | -€2,690 | -56.5% |
| Non-recurring operating charges | 66A | - | €180 | +€180 | |
| Gross operating margin | 9900 | €943,696 | €904,888 | -€38,808 | -4.1% |
| Operating profit (loss) | 9901 | €134,678 | €66,295 | -€68,383 | -50.8% |
| Financial income | 75/76B | €1,705 | €2,320 | +€614 | +36.0% |
| Recurring financial income | 75 | €1,705 | €2,320 | +€614 | +36.0% |
| Financial charges | 65/66B | €15,543 | €13,640 | -€1,903 | -12.2% |
| Recurring financial charges | 65 | €15,543 | €13,640 | -€1,903 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €120,840 | €54,975 | -€65,866 | -54.5% |
| Transfer from deferred taxes | 780 | €285 | €345 | +€61 | +21.3% |
| Transfer to deferred taxes | 680 | €1,489 | - | -€1,489 | |
| Income taxes | 67/77 | €38,174 | €19,942 | -€18,232 | -47.8% |
| Profit (loss) for the period | 9904 | €81,462 | €35,378 | -€46,084 | -56.6% |
| Transfer from tax-exempt reserves | 789 | €698 | €846 | +€148 | +21.3% |
| Transfer to tax-exempt reserves | 689 | €4,468 | - | -€4,468 | |
| Profit (loss) for the period to be appropriated | 9905 | €77,692 | €36,224 | -€41,468 | -53.4% |
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 20 October 2026 via checked.be.