Table Piek: 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.
Table Piek
Largest movements
- Tangible fixed assets -€8,332
down €8,332 (-11.1%), from €74,815 to €66,483
of which Plant, machinery and equipment: -€12,016
- Receivables within one year -€5,798
down €5,798 (-81.1%), from €7,146 to €1,348
of which Trade receivables: -€3,345
- Cash +€2,345
up €2,345 (+4.0%), from €59,151 to €61,495
mainly Net result for the year (+€26,941) and Depreciation (+€22,936)
- Deferred charges and accrued income +€1,809
up €1,809 (+120%), from €1,507 to €3,316
- Reserves +€26,941
up €26,941 (+119%), from €22,622 to €49,562
- Other debts -€15,844
down €15,844 (-86.7%), from €18,276 to €2,431
- Debts after one year -€14,086
down €14,086 (-33.6%), from €41,982 to €27,896
- Short-term financial debts -€7,500
down €7,500 (-60.0%), from €12,500 to €5,000
- Tax, wage and social debts +€4,560
up €4,560 (+29.1%), from €15,695 to €20,255
of which Remuneration and social security: +€5,320
- Staff costs -€5,719
down €5,719 (-20.6%), from €27,791 to €22,072
- Taxes +€4,651
up €4,651 (+62.8%), from €7,404 to €12,055
- Gross operating margin -€3,498
down €3,498 (-3.7%), from €94,010 to €90,512
- Financial charges -€3,427
down €3,427 (-39.5%), from €8,678 to €5,251
- Depreciation -€2,914
down €2,914 (-11.3%), from €25,850 to €22,936
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 | €153,645 | €144,243 | -€9,403 | -6.1% |
| Formation expenses | 20 | €1,527 | €1,145 | -€382 | -25.0% |
| Fixed assets | 21/28 | €74,815 | €66,483 | -€8,332 | -11.1% |
| Tangible fixed assets | 22/27 | €74,815 | €66,483 | -€8,332 | -11.1% |
| Plant, machinery and equipment | 23 | €73,682 | €61,666 | -€12,016 | -16.3% |
| Furniture and vehicles | 24 | €1,133 | €4,817 | +€3,684 | +325% |
| Current assets | 29/58 | €77,304 | €76,615 | -€689 | -0.9% |
| Stocks and contracts in progress | 3 | €9,500 | €10,456 | +€956 | +10.1% |
| Stocks | 30/36 | €9,500 | €10,456 | +€956 | +10.1% |
| Amounts receivable within one year | 40/41 | €7,146 | €1,348 | -€5,798 | -81.1% |
| Trade receivables | 40 | €4,231 | €886 | -€3,345 | -79.1% |
| Other amounts receivable | 41 | €2,916 | €462 | -€2,454 | -84.2% |
| Cash at bank and in hand | 54/58 | €59,151 | €61,495 | +€2,345 | +4.0% |
| Deferred charges and accrued income | 490/1 | €1,507 | €3,316 | +€1,809 | +120% |
| Total equity and liabilities | 10/49 | €153,645 | €144,243 | -€9,403 | -6.1% |
| Equity | 10/15 | €32,622 | €59,562 | +€26,941 | +82.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,622 | €49,562 | +€26,941 | +119% |
| Distributable reserves | 133 | €22,622 | €49,562 | +€26,941 | +119% |
| Amounts payable | 17/49 | €121,024 | €84,680 | -€36,343 | -30.0% |
| Amounts payable after more than one year | 17 | €41,982 | €27,896 | -€14,086 | -33.6% |
| Financial debts | 170/4 | €41,982 | €27,896 | -€14,086 | -33.6% |
| Amounts payable within one year | 42/48 | €79,042 | €56,784 | -€22,258 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €13,341 | €14,086 | +€744 | +5.6% |
| Financial debts | 43 | €12,500 | €5,000 | -€7,500 | -60.0% |
| Other loans | 439 | €12,500 | €5,000 | -€7,500 | -60.0% |
| Trade debts | 44 | €16,766 | €15,013 | -€1,754 | -10.5% |
| Suppliers | 440/4 | €16,766 | €15,013 | -€1,754 | -10.5% |
| Advances received on contracts in progress | 46 | €2,464 | €0 | -€2,464 | -100% |
| Taxes, remuneration and social security | 45 | €15,695 | €20,255 | +€4,560 | +29.1% |
| Taxes | 450/3 | €9,295 | €8,535 | -€760 | -8.2% |
| Remuneration and social security | 454/9 | €6,400 | €11,720 | +€5,320 | +83.1% |
| Other amounts payable | 47/48 | €18,276 | €2,431 | -€15,844 | -86.7% |
| Remuneration, social security and pensions | 62 | €27,791 | €22,072 | -€5,719 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,850 | €22,936 | -€2,914 | -11.3% |
| Other operating charges | 640/8 | €1,666 | €1,349 | -€317 | -19.0% |
| Gross operating margin | 9900 | €94,010 | €90,512 | -€3,498 | -3.7% |
| Operating profit (loss) | 9901 | €38,704 | €44,155 | +€5,451 | +14.1% |
| Financial income | 75/76B | €0 | €92 | +€92 | +65,814% |
| Recurring financial income | 75 | €0 | €92 | +€92 | +65,814% |
| Financial charges | 65/66B | €8,678 | €5,251 | -€3,427 | -39.5% |
| Recurring financial charges | 65 | €8,678 | €5,251 | -€3,427 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €30,026 | €38,996 | +€8,970 | +29.9% |
| Income taxes | 67/77 | €7,404 | €12,055 | +€4,651 | +62.8% |
| Profit (loss) for the period | 9904 | €22,622 | €26,941 | +€4,319 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,622 | €26,941 | +€4,319 | +19.1% |
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 21 October 2026 via checked.be.