Pieter Boon: 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.
Pieter Boon
Largest movements
- Cash -€47,096
down €47,096 (-73.2%), from €64,382 to €17,286
mainly Trade debts (-€23,377) and Net result for the year (-€18,508)
- Receivables within one year +€3,156
up €3,156 (+116%), from €2,709 to €5,864
of which Other amounts receivable: +€1,621
- Tangible fixed assets -€806
down €806 (-33.4%), from €2,414 to €1,608
- Trade debts -€23,377
down €23,377 (-92.7%), from €25,223 to €1,846
- Reserves -€14,033
down €14,033 (-100%), from €14,033 to €0
- Tax, wage and social debts -€5,674
down €5,674 (-100%), from €5,674 to €0
- Profit (loss) carried forward -€4,475
new in 2025: -€4,475
- Other debts +€4,136
up €4,136 (+20.0%), from €20,631 to €24,767
- Gross operating margin -€37,636
down €37,636, from €20,696 to -€16,940
- Taxes -€5,674
down €5,674 (-100%), from €5,674 to €0
- Financial charges +€470
up €470 (+428%), from €110 to €580
- Other operating charges -€365
down €365 (-65.2%), from €560 to €195
- Depreciation +€317
up €317 (+64.9%), from €488 to €806
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 | €69,815 | €25,189 | -€44,626 | -63.9% |
| Fixed assets | 21/28 | €2,414 | €1,608 | -€806 | -33.4% |
| Tangible fixed assets | 22/27 | €2,414 | €1,608 | -€806 | -33.4% |
| Furniture and vehicles | 24 | €2,414 | €1,608 | -€806 | -33.4% |
| Current assets | 29/58 | €67,401 | €23,580 | -€43,820 | -65.0% |
| Amounts receivable within one year | 40/41 | €2,709 | €5,864 | +€3,156 | +116% |
| Trade receivables | 40 | €2,700 | €4,235 | +€1,535 | +56.9% |
| Other amounts receivable | 41 | €9 | €1,629 | +€1,621 | +18,713% |
| Cash at bank and in hand | 54/58 | €64,382 | €17,286 | -€47,096 | -73.2% |
| Deferred charges and accrued income | 490/1 | €310 | €431 | +€120 | +38.7% |
| Total equity and liabilities | 10/49 | €69,815 | €25,189 | -€44,626 | -63.9% |
| Equity | 10/15 | €17,033 | -€1,475 | -€18,508 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,033 | €0 | -€14,033 | -100% |
| Distributable reserves | 133 | €14,033 | €0 | -€14,033 | -100% |
| Profit (loss) carried forward | 14 | - | -€4,475 | -€4,475 | |
| Amounts payable | 17/49 | €52,781 | €26,664 | -€26,117 | -49.5% |
| Amounts payable within one year | 42/48 | €52,781 | €26,664 | -€26,117 | -49.5% |
| Financial debts | 43 | €1,253 | €51 | -€1,203 | -95.9% |
| Credit institutions | 430/8 | €1,253 | €51 | -€1,203 | -95.9% |
| Trade debts | 44 | €25,223 | €1,846 | -€23,377 | -92.7% |
| Suppliers | 440/4 | €25,223 | €1,846 | -€23,377 | -92.7% |
| Taxes, remuneration and social security | 45 | €5,674 | €0 | -€5,674 | -100% |
| Taxes | 450/3 | €5,674 | €0 | -€5,674 | -100% |
| Other amounts payable | 47/48 | €20,631 | €24,767 | +€4,136 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €488 | €806 | +€317 | +64.9% |
| Other operating charges | 640/8 | €560 | €195 | -€365 | -65.2% |
| Gross operating margin | 9900 | €20,696 | -€16,940 | -€37,636 | |
| Operating profit (loss) | 9901 | €19,648 | -€17,940 | -€37,588 | |
| Financial income | 75/76B | €169 | €11 | -€158 | -93.3% |
| Recurring financial income | 75 | €169 | €11 | -€158 | -93.3% |
| Financial charges | 65/66B | €110 | €580 | +€470 | +428% |
| Recurring financial charges | 65 | €110 | €580 | +€470 | +428% |
| Profit (loss) for the period before taxes | 9903 | €19,707 | -€18,508 | -€38,215 | |
| Income taxes | 67/77 | €5,674 | €0 | -€5,674 | -100% |
| Profit (loss) for the period | 9904 | €14,033 | -€18,508 | -€32,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,033 | -€18,508 | -€32,542 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.