VAN DE PEER: 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.
VAN DE PEER
Largest movements
- Cash +€109,547
up €109,547 (+143.4%), from €76,381 to €185,928
mainly Net result for the year (+€83,987) and Depreciation (+€23,711)
- Tangible fixed assets -€23,711
down €23,711 (-7.7%), from €308,004 to €284,293
- Reserves +€83,987
up €83,987 (+17.4%), from €482,314 to €566,301
- Other debts +€10,736
up €10,736 (+1170.9%), from €917 to €11,653
- Debts after one year -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Gross operating margin +€24,577
up €24,577 (+16.4%), from €150,217 to €174,794
- Taxes +€7,172
up €7,172 (+22.0%), from €32,565 to €39,737
- Depreciation +€1,805
up €1,805 (+8.2%), from €21,906 to €23,711
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 | €538,753 | €626,037 | +€87,283 | +16.2% |
| Fixed assets | 21/28 | €308,004 | €284,293 | -€23,711 | -7.7% |
| Tangible fixed assets | 22/27 | €308,004 | €284,293 | -€23,711 | -7.7% |
| Land and buildings | 22 | €279,089 | €270,010 | -€9,079 | -3.3% |
| Plant, machinery and equipment | 23 | €20,145 | €8,679 | -€11,466 | -56.9% |
| Furniture and vehicles | 24 | €8,771 | €5,605 | -€3,167 | -36.1% |
| Current assets | 29/58 | €230,749 | €341,743 | +€110,994 | +48.1% |
| Amounts receivable within one year | 40/41 | €1,586 | €0 | -€1,586 | -100.0% |
| Trade receivables | 40 | €1,586 | €0 | -€1,586 | -100.0% |
| Current investments | 50/53 | €152,674 | €153,817 | +€1,143 | +0.7% |
| Cash at bank and in hand | 54/58 | €76,381 | €185,928 | +€109,547 | +143.4% |
| Deferred charges and accrued income | 490/1 | €108 | €1,999 | +€1,890 | +1742.3% |
| Total equity and liabilities | 10/49 | €538,753 | €626,037 | +€87,283 | +16.2% |
| Equity | 10/15 | €500,906 | €584,893 | +€83,987 | +16.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €482,314 | €566,301 | +€83,987 | +17.4% |
| Distributable reserves | 133 | €482,314 | €566,301 | +€83,987 | +17.4% |
| Amounts payable | 17/49 | €37,847 | €41,144 | +€3,296 | +8.7% |
| Amounts payable after more than one year | 17 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Financial debts | 170/4 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Amounts payable within one year | 42/48 | €17,767 | €31,062 | +€13,295 | +74.8% |
| Financial debts | 43 | €34 | €0 | -€34 | -100.0% |
| Other loans | 439 | €34 | €0 | -€34 | -100.0% |
| Trade debts | 44 | €1,356 | €1,769 | +€413 | +30.5% |
| Suppliers | 440/4 | €1,356 | €1,769 | +€413 | +30.5% |
| Taxes, remuneration and social security | 45 | €15,460 | €17,639 | +€2,179 | +14.1% |
| Taxes | 450/3 | €10,354 | €13,704 | +€3,350 | +32.4% |
| Remuneration and social security | 454/9 | €5,106 | €3,935 | -€1,171 | -22.9% |
| Other amounts payable | 47/48 | €917 | €11,653 | +€10,736 | +1170.9% |
| Accrued charges and deferred income | 492/3 | €80 | €82 | +€2 | +2.1% |
| Remuneration, social security and pensions | 62 | €25,014 | €25,355 | +€341 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,906 | €23,711 | +€1,805 | +8.2% |
| Other operating charges | 640/8 | €1,530 | €1,580 | +€50 | +3.3% |
| Gross operating margin | 9900 | €150,217 | €174,794 | +€24,577 | +16.4% |
| Operating profit (loss) | 9901 | €101,767 | €124,148 | +€22,381 | +22.0% |
| Financial income | 75/76B | €244 | €336 | +€92 | +37.6% |
| Recurring financial income | 75 | €244 | €336 | +€92 | +37.6% |
| Financial charges | 65/66B | €1,789 | €760 | -€1,029 | -57.5% |
| Recurring financial charges | 65 | €1,789 | €760 | -€1,029 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €100,222 | €123,724 | +€23,502 | +23.5% |
| Income taxes | 67/77 | €32,565 | €39,737 | +€7,172 | +22.0% |
| Profit (loss) for the period | 9904 | €67,657 | €83,987 | +€16,330 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,657 | €83,987 | +€16,330 | +24.1% |
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.