PEUMANS-NICKMANS: 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.
PEUMANS-NICKMANS
Largest movements
- Intangible fixed assets -€38,956
down €38,956 (-25.4%), from €153,390 to €114,434
- Profit (loss) carried forward -€23,494
down €23,494 (-32.2%), from -€72,875 to -€96,369
- Short-term financial debts -€16,875
down €16,875 (-9.6%), from €175,841 to €158,966
- Gross operating margin -€1,188
down €1,188 (-6.8%), from €17,357 to €16,169
- Other operating charges -€593
down €593 (-59.8%), from €992 to €399
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 | €154,431 | €114,602 | -€39,829 | -25.8% |
| Fixed assets | 21/28 | €153,390 | €114,434 | -€38,956 | -25.4% |
| Intangible fixed assets | 21 | €153,390 | €114,434 | -€38,956 | -25.4% |
| Current assets | 29/58 | €1,041 | €168 | -€873 | -83.9% |
| Amounts receivable within one year | 40/41 | €827 | - | -€827 | |
| Other amounts receivable | 41 | €827 | - | -€827 | |
| Cash at bank and in hand | 54/58 | €214 | €168 | -€46 | -21.5% |
| Total equity and liabilities | 10/49 | €154,431 | €114,602 | -€39,829 | -25.8% |
| Equity | 10/15 | -€65,832 | -€89,326 | -€23,494 | -35.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €843 | €843 | = | 0.0% |
| Non-distributable reserves | 130/1 | €319 | €319 | = | 0.0% |
| Reserves not available under the articles | 1311 | €319 | €319 | = | 0.0% |
| Distributable reserves | 133 | €524 | €524 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,875 | -€96,369 | -€23,494 | -32.2% |
| Amounts payable | 17/49 | €220,263 | €203,928 | -€16,335 | -7.4% |
| Amounts payable after more than one year | 17 | €44,422 | €44,422 | = | 0.0% |
| Financial debts | 170/4 | €44,422 | €44,422 | = | 0.0% |
| Amounts payable within one year | 42/48 | €175,841 | €159,506 | -€16,335 | -9.3% |
| Financial debts | 43 | €175,841 | €158,966 | -€16,875 | -9.6% |
| Credit institutions | 430/8 | €175,841 | €158,966 | -€16,875 | -9.6% |
| Other amounts payable | 47/48 | - | €540 | +€540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,956 | €38,956 | = | 0.0% |
| Other operating charges | 640/8 | €992 | €399 | -€593 | -59.8% |
| Gross operating margin | 9900 | €17,357 | €16,169 | -€1,188 | -6.8% |
| Operating profit (loss) | 9901 | -€22,591 | -€23,186 | -€595 | -2.6% |
| Financial charges | 65/66B | €356 | €308 | -€48 | -13.5% |
| Recurring financial charges | 65 | €356 | €308 | -€48 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,947 | -€23,494 | -€547 | -2.4% |
| Profit (loss) for the period | 9904 | -€22,947 | -€23,494 | -€547 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,947 | -€23,494 | -€547 | -2.4% |
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 24 October 2026 via checked.be.