PETERS WILLIAM: 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 WILLIAM
Largest movements
- Tangible fixed assets +€43,230
up €43,230 (+45.8%), from €94,392 to €137,622
of which Land and buildings: +€113,918
- Receivables within one year -€10,076
down €10,076 (-92.4%), from €10,904 to €828
of which Trade receivables: -€9,495
- Cash +€5,837
up €5,837 (+286.8%), from €2,036 to €7,873
mainly Debts after one year (+€39,320) and Depreciation (+€13,398)
- Debts after one year +€39,320
up €39,320 (+354.2%), from €11,102 to €50,422
- Current portion of long-term debt +€6,698
up €6,698 (+309.5%), from €2,164 to €8,861
- Profit (loss) carried forward -€6,644
new in 2025: -€6,644
- Other debts +€3,208
up €3,208 (+4.4%), from €73,438 to €76,645
- Tax, wage and social debts -€2,443
down €2,443 (-35.7%), from €6,851 to €4,408
of which Taxes: -€2,443
- Gross operating margin -€8,331
down €8,331 (-45.5%), from €18,315 to €9,985
- Depreciation +€4,484
up €4,484 (+50.3%), from €8,913 to €13,398
- Taxes -€1,840
no longer reported in 2025 (was €1,840)
- Financial charges +€1,532
up €1,532 (+142.9%), from €1,072 to €2,604
- Other operating charges +€378
up €378 (+151.4%), from €250 to €627
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 | €109,008 | €146,965 | +€37,958 | +34.8% |
| Fixed assets | 21/28 | €94,397 | €137,627 | +€43,230 | +45.8% |
| Tangible fixed assets | 22/27 | €94,392 | €137,622 | +€43,230 | +45.8% |
| Land and buildings | 22 | - | €113,918 | +€113,918 | |
| Plant, machinery and equipment | 23 | €3,088 | €8,491 | +€5,402 | +174.9% |
| Furniture and vehicles | 24 | €23,034 | €15,214 | -€7,820 | -33.9% |
| Assets under construction and advance payments | 27 | €68,270 | - | -€68,270 | |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €14,610 | €9,338 | -€5,273 | -36.1% |
| Amounts receivable within one year | 40/41 | €10,904 | €828 | -€10,076 | -92.4% |
| Trade receivables | 40 | €10,077 | €582 | -€9,495 | -94.2% |
| Other amounts receivable | 41 | €827 | €246 | -€581 | -70.2% |
| Cash at bank and in hand | 54/58 | €2,036 | €7,873 | +€5,837 | +286.8% |
| Deferred charges and accrued income | 490/1 | €1,671 | €637 | -€1,034 | -61.9% |
| Total equity and liabilities | 10/49 | €109,008 | €146,965 | +€37,958 | +34.8% |
| Equity | 10/15 | €11,667 | €5,022 | -€6,644 | -57.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €8,667 | €8,667 | = | 0.0% |
| Distributable reserves | 133 | €8,667 | €8,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€6,644 | -€6,644 | |
| Amounts payable | 17/49 | €97,341 | €141,943 | +€44,602 | +45.8% |
| Amounts payable after more than one year | 17 | €11,102 | €50,422 | +€39,320 | +354.2% |
| Financial debts | 170/4 | €11,102 | €50,422 | +€39,320 | +354.2% |
| Amounts payable within one year | 42/48 | €86,239 | €91,521 | +€5,282 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €2,164 | €8,861 | +€6,698 | +309.5% |
| Trade debts | 44 | €3,786 | €1,607 | -€2,180 | -57.6% |
| Suppliers | 440/4 | €3,786 | €1,607 | -€2,180 | -57.6% |
| Taxes, remuneration and social security | 45 | €6,851 | €4,408 | -€2,443 | -35.7% |
| Taxes | 450/3 | €5,651 | €3,208 | -€2,443 | -43.2% |
| Remuneration and social security | 454/9 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €73,438 | €76,645 | +€3,208 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,913 | €13,398 | +€4,484 | +50.3% |
| Other operating charges | 640/8 | €250 | €627 | +€378 | +151.4% |
| Gross operating margin | 9900 | €18,315 | €9,985 | -€8,331 | -45.5% |
| Operating profit (loss) | 9901 | €9,153 | -€4,040 | -€13,193 | |
| Financial charges | 65/66B | €1,072 | €2,604 | +€1,532 | +142.9% |
| Recurring financial charges | 65 | €1,072 | €2,604 | +€1,532 | +142.9% |
| Profit (loss) for the period before taxes | 9903 | €8,081 | -€6,644 | -€14,725 | |
| Income taxes | 67/77 | €1,840 | - | -€1,840 | |
| Profit (loss) for the period | 9904 | €6,241 | -€6,644 | -€12,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,241 | -€6,644 | -€12,885 |
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 12 October 2026 via checked.be.