TIST 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.
TIST PEETERS
Largest movements
- Receivables within one year -€11,824
down €11,824 (-69.3%), from €17,074 to €5,250
of which Trade receivables: -€12,525
- Tangible fixed assets -€8,327
down €8,327 (-3.7%), from €227,285 to €218,958
of which Land and buildings: -€4,989
- Stocks and contracts +€7,206
up €7,206 (+8.7%), from €83,087 to €90,292
- Cash -€6,879
down €6,879 (-75.6%), from €9,096 to €2,217
mainly Other debts (-€13,932) and Debts after one year (-€12,319)
- Other debts -€13,932
down €13,932 (-11.9%), from €117,075 to €103,143
- Reserves +€12,538
up €12,538 (+26.7%), from €47,032 to €59,570
- Debts after one year -€12,319
down €12,319 (-7.2%), from €170,846 to €158,527
- Tax, wage and social debts -€5,808
down €5,808 (-69.1%), from €8,400 to €2,592
of which Taxes: -€5,808
- Write-downs -€18,367
down €18,367, from €9,183 to -€9,183
- Other operating charges +€9,220
up €9,220 (+624%), from €1,478 to €10,699
- Gross operating margin -€7,386
down €7,386 (-14.9%), from €49,470 to €42,084
- Depreciation -€4,720
down €4,720 (-32.5%), from €14,515 to €9,795
- Financial charges -€3,065
down €3,065 (-17.3%), from €17,759 to €14,694
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 | €362,142 | €341,717 | -€20,424 | -5.6% |
| Fixed assets | 21/28 | €252,285 | €243,958 | -€8,327 | -3.3% |
| Tangible fixed assets | 22/27 | €227,285 | €218,958 | -€8,327 | -3.7% |
| Land and buildings | 22 | €218,646 | €213,657 | -€4,989 | -2.3% |
| Plant, machinery and equipment | 23 | €8,639 | €5,301 | -€3,338 | -38.6% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €109,857 | €97,759 | -€12,098 | -11.0% |
| Stocks and contracts in progress | 3 | €83,087 | €90,292 | +€7,206 | +8.7% |
| Stocks | 30/36 | €83,087 | €90,292 | +€7,206 | +8.7% |
| Amounts receivable within one year | 40/41 | €17,074 | €5,250 | -€11,824 | -69.3% |
| Trade receivables | 40 | €16,452 | €3,927 | -€12,525 | -76.1% |
| Other amounts receivable | 41 | €622 | €1,323 | +€701 | +113% |
| Cash at bank and in hand | 54/58 | €9,096 | €2,217 | -€6,879 | -75.6% |
| Deferred charges and accrued income | 490/1 | €600 | €0 | -€600 | -100% |
| Total equity and liabilities | 10/49 | €362,142 | €341,717 | -€20,424 | -5.6% |
| Equity | 10/15 | €49,032 | €61,570 | +€12,538 | +25.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €47,032 | €59,570 | +€12,538 | +26.7% |
| Distributable reserves | 133 | €47,032 | €59,570 | +€12,538 | +26.7% |
| Amounts payable | 17/49 | €313,110 | €280,147 | -€32,962 | -10.5% |
| Amounts payable after more than one year | 17 | €170,846 | €158,527 | -€12,319 | -7.2% |
| Financial debts | 170/4 | €170,846 | €158,527 | -€12,319 | -7.2% |
| Amounts payable within one year | 42/48 | €141,594 | €120,951 | -€20,643 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €11,737 | €12,319 | +€583 | +5.0% |
| Financial debts | 43 | - | €36 | +€36 | |
| Credit institutions | 430/8 | - | €36 | +€36 | |
| Trade debts | 44 | €4,382 | €2,861 | -€1,521 | -34.7% |
| Suppliers | 440/4 | €4,382 | €2,861 | -€1,521 | -34.7% |
| Taxes, remuneration and social security | 45 | €8,400 | €2,592 | -€5,808 | -69.1% |
| Taxes | 450/3 | €8,400 | €2,592 | -€5,808 | -69.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €117,075 | €103,143 | -€13,932 | -11.9% |
| Accrued charges and deferred income | 492/3 | €670 | €670 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,515 | €9,795 | -€4,720 | -32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,183 | -€9,183 | -€18,367 | |
| Other operating charges | 640/8 | €1,478 | €10,699 | +€9,220 | +624% |
| Gross operating margin | 9900 | €49,470 | €42,084 | -€7,386 | -14.9% |
| Operating profit (loss) | 9901 | €24,293 | €30,773 | +€6,480 | +26.7% |
| Financial income | 75/76B | €597 | €136 | -€461 | -77.2% |
| Recurring financial income | 75 | €597 | €136 | -€461 | -77.2% |
| Financial charges | 65/66B | €17,759 | €14,694 | -€3,065 | -17.3% |
| Recurring financial charges | 65 | €17,759 | €14,694 | -€3,065 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €7,132 | €16,215 | +€9,084 | +127% |
| Income taxes | 67/77 | €1,878 | €3,677 | +€1,799 | +95.8% |
| Profit (loss) for the period | 9904 | €5,253 | €12,538 | +€7,285 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €5,253 | €12,538 | +€7,285 | +139% |
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 25 October 2026 via checked.be.