RONNIE PEETERS: 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.
RONNIE PEETERS
Largest movements
- Cash +€60,007
up €60,007 (+71.1%), from €84,429 to €144,436
mainly Net result for the year (+€31,773) and Current investments (+€30,514)
- Current investments -€30,514
no longer reported in 2025 (was €30,514)
- Deferred charges and accrued income -€2,520
no longer reported in 2025 (was €2,520)
- Reserves +€31,773
up €31,773 (+30.9%), from €102,988 to €134,761
- Tax, wage and social debts -€4,178
down €4,178 (-51.1%), from €8,181 to €4,003
- Gross operating margin +€6,070
up €6,070 (+17.4%), from €34,806 to €40,876
- Financial income +€5,226
up €5,226 (+1,656%), from €315 to €5,541
- Taxes +€2,578
up €2,578 (+22.2%), from €11,596 to €14,173
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 | €117,652 | €144,436 | +€26,783 | +22.8% |
| Fixed assets | 21/28 | €189 | - | -€189 | |
| Tangible fixed assets | 22/27 | €189 | - | -€189 | |
| Furniture and vehicles | 24 | €189 | - | -€189 | |
| Current assets | 29/58 | €117,463 | €144,436 | +€26,973 | +23.0% |
| Current investments | 50/53 | €30,514 | - | -€30,514 | |
| Cash at bank and in hand | 54/58 | €84,429 | €144,436 | +€60,007 | +71.1% |
| Deferred charges and accrued income | 490/1 | €2,520 | - | -€2,520 | |
| Total equity and liabilities | 10/49 | €117,652 | €144,436 | +€26,783 | +22.8% |
| Equity | 10/15 | €107,988 | €139,761 | +€31,773 | +29.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €102,988 | €134,761 | +€31,773 | +30.9% |
| Distributable reserves | 133 | €102,988 | €134,761 | +€31,773 | +30.9% |
| Amounts payable | 17/49 | €9,665 | €4,675 | -€4,990 | -51.6% |
| Amounts payable within one year | 42/48 | €9,665 | €4,675 | -€4,990 | -51.6% |
| Trade debts | 44 | €67 | - | -€67 | |
| Suppliers | 440/4 | €67 | - | -€67 | |
| Taxes, remuneration and social security | 45 | €8,181 | €4,003 | -€4,178 | -51.1% |
| Taxes | 450/3 | €8,181 | €4,003 | -€4,178 | -51.1% |
| Other amounts payable | 47/48 | €1,417 | €672 | -€745 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €273 | €189 | -€84 | -30.7% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €34,806 | €40,876 | +€6,070 | +17.4% |
| Operating profit (loss) | 9901 | €34,471 | €40,625 | +€6,154 | +17.9% |
| Financial income | 75/76B | €315 | €5,541 | +€5,226 | +1,656% |
| Recurring financial income | 75 | €315 | €5,541 | +€5,226 | +1,656% |
| Financial charges | 65/66B | €218 | €220 | +€2 | +0.8% |
| Recurring financial charges | 65 | €218 | €220 | +€2 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €34,568 | €45,946 | +€11,378 | +32.9% |
| Income taxes | 67/77 | €11,596 | €14,173 | +€2,578 | +22.2% |
| Profit (loss) for the period | 9904 | €22,972 | €31,773 | +€8,801 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,972 | €31,773 | +€8,801 | +38.3% |
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 26 October 2026 via checked.be.