PROXY SINT-PIETER: 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.
PROXY SINT-PIETER
Largest movements
- Tangible fixed assets -€109,630
down €109,630 (-17.8%), from €615,344 to €505,714
of which Plant, machinery and equipment: -€70,719
- Cash +€57,853
up €57,853 (+34.9%), from €165,670 to €223,523
mainly Net result for the year (+€150,654) and Depreciation (+€109,630)
- Receivables within one year -€18,927
down €18,927 (-3.5%), from €544,137 to €525,209
of which Other amounts receivable: -€18,241
- Trade debts -€169,648
down €169,648 (-17.3%), from €981,161 to €811,513
- Profit (loss) carried forward +€95,436
up €95,436, from -€95,436 to €0
- Debts after one year -€61,130
down €61,130 (-24.5%), from €249,319 to €188,190
- Other debts +€40,665
up €40,665 (+114%), from €35,525 to €76,190
- Tax, wage and social debts +€29,789
up €29,789 (+50.4%), from €59,097 to €88,886
of which Taxes: +€37,445
- Gross operating margin +€170,874
up €170,874 (+23.6%), from €724,132 to €895,006
- Taxes +€30,809
new in 2025: €30,809
- Staff costs +€23,175
up €23,175 (+4.4%), from €531,516 to €554,691
- Other operating charges -€11,309
down €11,309 (-29.0%), from €39,013 to €27,704
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 | €1,572,187 | €1,506,838 | -€65,349 | -4.2% |
| Fixed assets | 21/28 | €615,544 | €505,914 | -€109,630 | -17.8% |
| Tangible fixed assets | 22/27 | €615,344 | €505,714 | -€109,630 | -17.8% |
| Plant, machinery and equipment | 23 | €334,292 | €263,574 | -€70,719 | -21.2% |
| Furniture and vehicles | 24 | €10,939 | €7,677 | -€3,262 | -29.8% |
| Other tangible fixed assets | 26 | €270,113 | €234,463 | -€35,649 | -13.2% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €956,643 | €1,000,924 | +€44,281 | +4.6% |
| Stocks and contracts in progress | 3 | €225,744 | €230,829 | +€5,085 | +2.3% |
| Stocks | 30/36 | €225,744 | €230,829 | +€5,085 | +2.3% |
| Amounts receivable within one year | 40/41 | €544,137 | €525,209 | -€18,927 | -3.5% |
| Trade receivables | 40 | €20,000 | €19,315 | -€686 | -3.4% |
| Other amounts receivable | 41 | €524,136 | €505,895 | -€18,241 | -3.5% |
| Cash at bank and in hand | 54/58 | €165,670 | €223,523 | +€57,853 | +34.9% |
| Deferred charges and accrued income | 490/1 | €21,092 | €21,362 | +€270 | +1.3% |
| Total equity and liabilities | 10/49 | €1,572,187 | €1,506,838 | -€65,349 | -4.2% |
| Equity | 10/15 | €154,564 | €250,000 | +€95,436 | +61.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€95,436 | €0 | +€95,436 | |
| Amounts payable | 17/49 | €1,417,623 | €1,256,838 | -€160,785 | -11.3% |
| Amounts payable after more than one year | 17 | €249,319 | €188,190 | -€61,130 | -24.5% |
| Financial debts | 170/4 | €249,319 | €188,190 | -€61,130 | -24.5% |
| Amounts payable within one year | 42/48 | €1,141,123 | €1,042,777 | -€98,347 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €65,341 | €66,188 | +€848 | +1.3% |
| Trade debts | 44 | €981,161 | €811,513 | -€169,648 | -17.3% |
| Suppliers | 440/4 | €981,161 | €811,513 | -€169,648 | -17.3% |
| Taxes, remuneration and social security | 45 | €59,097 | €88,886 | +€29,789 | +50.4% |
| Taxes | 450/3 | - | €37,445 | +€37,445 | |
| Remuneration and social security | 454/9 | €59,097 | €51,440 | -€7,657 | -13.0% |
| Other amounts payable | 47/48 | €35,525 | €76,190 | +€40,665 | +114% |
| Accrued charges and deferred income | 492/3 | €27,180 | €25,871 | -€1,309 | -4.8% |
| Non-recurring operating income | 76A | €5,890 | €0 | -€5,890 | -100% |
| Remuneration, social security and pensions | 62 | €531,516 | €554,691 | +€23,175 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,623 | €109,630 | +€7 | 0.0% |
| Other operating charges | 640/8 | €39,013 | €27,704 | -€11,309 | -29.0% |
| Non-recurring operating charges | 66A | €20,614 | €12,794 | -€7,819 | -37.9% |
| Gross operating margin | 9900 | €724,132 | €895,006 | +€170,874 | +23.6% |
| Operating profit (loss) | 9901 | €23,366 | €190,185 | +€166,820 | +714% |
| Financial income | 75/76B | €7,917 | €7,067 | -€850 | -10.7% |
| Recurring financial income | 75 | €7,917 | €7,067 | -€850 | -10.7% |
| Financial charges | 65/66B | €19,514 | €15,788 | -€3,725 | -19.1% |
| Recurring financial charges | 65 | €19,514 | €15,788 | -€3,725 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €11,769 | €181,464 | +€169,695 | +1,442% |
| Income taxes | 67/77 | - | €30,809 | +€30,809 | |
| Profit (loss) for the period | 9904 | €11,769 | €150,654 | +€138,885 | +1,180% |
| Profit (loss) for the period to be appropriated | 9905 | €11,769 | €150,654 | +€138,885 | +1,180% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.