RE - PEAT: what changed
Two fiscal 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.
RE - PEAT
Largest movements
- Cash +€9,493
up €9,493 (+235.3%), from €4,035 to €13,527
mainly Other debts (+€13,276) and Depreciation (+€5,585)
- Tangible fixed assets -€5,585
down €5,585 (-43.9%), from €12,710 to €7,125
- Receivables within one year -€1,616
down €1,616 (-15.5%), from €10,426 to €8,810
of which Trade receivables: -€1,592
- Other debts +€13,276
up €13,276 (+60.8%), from €21,846 to €35,121
- Debts after one year -€10,748
down €10,748 (-8.2%), from €130,748 to €120,000
- Trade debts -€1,734
down €1,734 (-66.5%), from €2,608 to €874
- Profit (loss) carried forward +€917
up €917 (+0.6%), from -€159,841 to -€158,924
- Current portion of long-term debt +€500
up €500 (+4.9%), from €10,247 to €10,748
- Gross operating margin -€17,567
down €17,567 (-63.9%), from €27,498 to €9,932
- Depreciation -€6,163
down €6,163 (-52.5%), from €11,748 to €5,585
- Financial charges -€974
down €974 (-24.5%), from €3,972 to €2,998
- Other operating charges -€505
down €505 (-53.9%), from €936 to €431
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 | €27,844 | €30,170 | +€2,326 | +8.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €12,760 | €7,175 | -€5,585 | -43.8% |
| Tangible fixed assets | 22/27 | €12,710 | €7,125 | -€5,585 | -43.9% |
| Land and buildings | 22 | €1,095 | €28 | -€1,066 | -97.4% |
| Plant, machinery and equipment | 23 | €6,334 | €4,432 | -€1,902 | -30.0% |
| Furniture and vehicles | 24 | €5,164 | €2,590 | -€2,574 | -49.8% |
| Other tangible fixed assets | 26 | €118 | €75 | -€43 | -36.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €15,083 | €22,995 | +€7,911 | +52.5% |
| Amounts receivable within one year | 40/41 | €10,426 | €8,810 | -€1,616 | -15.5% |
| Trade receivables | 40 | €10,213 | €8,621 | -€1,592 | -15.6% |
| Other amounts receivable | 41 | €212 | €189 | -€23 | -11.0% |
| Cash at bank and in hand | 54/58 | €4,035 | €13,527 | +€9,493 | +235.3% |
| Deferred charges and accrued income | 490/1 | €623 | €657 | +€34 | +5.5% |
| Total equity and liabilities | 10/49 | €27,844 | €30,170 | +€2,326 | +8.4% |
| Equity | 10/15 | -€139,390 | -€138,473 | +€917 | +0.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,841 | -€158,924 | +€917 | +0.6% |
| Amounts payable | 17/49 | €167,234 | €168,643 | +€1,409 | +0.8% |
| Amounts payable after more than one year | 17 | €130,748 | €120,000 | -€10,748 | -8.2% |
| Financial debts | 170/4 | €130,748 | €120,000 | -€10,748 | -8.2% |
| Amounts payable within one year | 42/48 | €36,486 | €48,643 | +€12,157 | +33.3% |
| Current portion of amounts payable after more than one year | 42 | €10,247 | €10,748 | +€500 | +4.9% |
| Trade debts | 44 | €2,608 | €874 | -€1,734 | -66.5% |
| Suppliers | 440/4 | €2,608 | €874 | -€1,734 | -66.5% |
| Taxes, remuneration and social security | 45 | €1,785 | €1,899 | +€114 | +6.4% |
| Taxes | 450/3 | €1,785 | €1,899 | +€114 | +6.4% |
| Other amounts payable | 47/48 | €21,846 | €35,121 | +€13,276 | +60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,748 | €5,585 | -€6,163 | -52.5% |
| Other operating charges | 640/8 | €936 | €431 | -€505 | -53.9% |
| Gross operating margin | 9900 | €27,498 | €9,932 | -€17,567 | -63.9% |
| Operating profit (loss) | 9901 | €14,815 | €3,916 | -€10,899 | -73.6% |
| Financial income | 75/76B | €51 | - | -€51 | |
| Recurring financial income | 75 | €51 | - | -€51 | |
| Financial charges | 65/66B | €3,972 | €2,998 | -€974 | -24.5% |
| Recurring financial charges | 65 | €3,972 | €2,998 | -€974 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €10,894 | €917 | -€9,977 | -91.6% |
| Profit (loss) for the period | 9904 | €10,894 | €917 | -€9,977 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,894 | €917 | -€9,977 | -91.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.