PIETER DEPREY: 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 DEPREY
Largest movements
- Cash +€9,903
up €9,903 (+267%), from €3,710 to €13,613
mainly Net result for the year (+€33,545) and Depreciation (+€183)
- Deferred charges and accrued income +€1,128
up €1,128 (+35.9%), from €3,147 to €4,275
- Receivables within one year +€211
up €211 (+39.5%), from €534 to €745
- Profit (loss) carried forward +€33,545
up €33,545 (+32.4%), from -€103,406 to -€69,861
- Debts after one year -€20,000
down €20,000 (-23.5%), from €85,000 to €65,000
- Accrued charges and deferred income -€2,181
down €2,181 (-32.0%), from €6,817 to €4,636
- Trade debts -€306
down €306 (-54.3%), from €563 to €257
- Gross operating margin +€6,295
up €6,295 (+19.0%), from €33,216 to €39,512
- Financial charges -€2,204
down €2,204 (-32.1%), from €6,873 to €4,669
- Other operating charges +€622
up €622 (+118%), from €528 to €1,150
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 | €7,574 | €18,633 | +€11,058 | +146% |
| Fixed assets | 21/28 | €183 | - | -€183 | |
| Tangible fixed assets | 22/27 | €183 | - | -€183 | |
| Plant, machinery and equipment | 23 | €183 | - | -€183 | |
| Current assets | 29/58 | €7,391 | €18,633 | +€11,242 | +152% |
| Amounts receivable within one year | 40/41 | €534 | €745 | +€211 | +39.5% |
| Other amounts receivable | 41 | €534 | €745 | +€211 | +39.5% |
| Cash at bank and in hand | 54/58 | €3,710 | €13,613 | +€9,903 | +267% |
| Deferred charges and accrued income | 490/1 | €3,147 | €4,275 | +€1,128 | +35.9% |
| Total equity and liabilities | 10/49 | €7,574 | €18,633 | +€11,058 | +146% |
| Equity | 10/15 | -€84,806 | -€51,261 | +€33,545 | +39.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,406 | -€69,861 | +€33,545 | +32.4% |
| Amounts payable | 17/49 | €92,380 | €69,894 | -€22,487 | -24.3% |
| Amounts payable after more than one year | 17 | €85,000 | €65,000 | -€20,000 | -23.5% |
| Financial debts | 170/4 | €85,000 | €65,000 | -€20,000 | -23.5% |
| Amounts payable within one year | 42/48 | €563 | €257 | -€306 | -54.3% |
| Trade debts | 44 | €563 | €257 | -€306 | -54.3% |
| Suppliers | 440/4 | €563 | €257 | -€306 | -54.3% |
| Accrued charges and deferred income | 492/3 | €6,817 | €4,636 | -€2,181 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | €183 | -€21 | -10.4% |
| Other operating charges | 640/8 | €528 | €1,150 | +€622 | +118% |
| Gross operating margin | 9900 | €33,216 | €39,512 | +€6,295 | +19.0% |
| Operating profit (loss) | 9901 | €32,484 | €38,179 | +€5,695 | +17.5% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €6,873 | €4,669 | -€2,204 | -32.1% |
| Recurring financial charges | 65 | €6,873 | €4,669 | -€2,204 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €25,610 | €33,545 | +€7,935 | +31.0% |
| Profit (loss) for the period | 9904 | €25,610 | €33,545 | +€7,935 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,610 | €33,545 | +€7,935 | +31.0% |
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 31 October 2026 via checked.be.