Wim 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.
Wim Peeters
Largest movements
- Receivables within one year -€60,556
down €60,556 (-98.3%), from €61,584 to €1,028
of which Trade receivables: -€61,204
- Cash +€40,478
up €40,478 (+69.0%), from €58,669 to €99,147
mainly Receivables within one year (+€60,556) and Net result for the year (+€18,638)
- Tangible fixed assets -€4,179
down €4,179 (-5.3%), from €78,850 to €74,672
of which Furniture and vehicles: -€3,826
- Intangible fixed assets +€2,111
up €2,111 (+51.9%), from €4,064 to €6,175
- Other debts -€26,735
down €26,735 (-22.6%), from €118,492 to €91,757
- Reserves +€18,638
up €18,638 (+28.4%), from €65,571 to €84,209
- Tax, wage and social debts -€9,315
down €9,315 (-94.1%), from €9,903 to €588
- Trade debts -€3,257
down €3,257 (-77.9%), from €4,180 to €923
- Gross operating margin +€27,631
up €27,631 (+438%), from €6,311 to €33,942
- Taxes +€9,174
up €9,174 (+1,166%), from €787 to €9,961
- Depreciation +€516
up €516 (+11.8%), from €4,393 to €4,909
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,845 | €184,176 | -€20,669 | -10.1% |
| Fixed assets | 21/28 | €82,915 | €80,847 | -€2,068 | -2.5% |
| Intangible fixed assets | 21 | €4,064 | €6,175 | +€2,111 | +51.9% |
| Tangible fixed assets | 22/27 | €78,850 | €74,672 | -€4,179 | -5.3% |
| Land and buildings | 22 | €67,885 | €67,885 | = | 0.0% |
| Plant, machinery and equipment | 23 | €883 | €530 | -€353 | -40.0% |
| Furniture and vehicles | 24 | €10,083 | €6,257 | -€3,826 | -37.9% |
| Current assets | 29/58 | €121,931 | €103,329 | -€18,602 | -15.3% |
| Amounts receivable within one year | 40/41 | €61,584 | €1,028 | -€60,556 | -98.3% |
| Trade receivables | 40 | €61,584 | €380 | -€61,204 | -99.4% |
| Other amounts receivable | 41 | €0 | €649 | +€649 | |
| Cash at bank and in hand | 54/58 | €58,669 | €99,147 | +€40,478 | +69.0% |
| Deferred charges and accrued income | 490/1 | €1,678 | €3,154 | +€1,476 | +88.0% |
| Total equity and liabilities | 10/49 | €204,845 | €184,176 | -€20,669 | -10.1% |
| Equity | 10/15 | €72,270 | €90,908 | +€18,638 | +25.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €65,571 | €84,209 | +€18,638 | +28.4% |
| Distributable reserves | 133 | €65,571 | €84,209 | +€18,638 | +28.4% |
| Profit (loss) carried forward | 14 | €499 | €499 | = | 0.0% |
| Amounts payable | 17/49 | €132,575 | €93,268 | -€39,307 | -29.6% |
| Amounts payable within one year | 42/48 | €132,575 | €93,268 | -€39,307 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,180 | €923 | -€3,257 | -77.9% |
| Suppliers | 440/4 | €4,180 | €923 | -€3,257 | -77.9% |
| Taxes, remuneration and social security | 45 | €9,903 | €588 | -€9,315 | -94.1% |
| Taxes | 450/3 | €9,903 | €588 | -€9,315 | -94.1% |
| Other amounts payable | 47/48 | €118,492 | €91,757 | -€26,735 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,393 | €4,909 | +€516 | +11.8% |
| Other operating charges | 640/8 | €425 | €244 | -€181 | -42.6% |
| Gross operating margin | 9900 | €6,311 | €33,942 | +€27,631 | +438% |
| Operating profit (loss) | 9901 | €1,493 | €28,789 | +€27,296 | +1,829% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €206 | €193 | -€14 | -6.6% |
| Recurring financial charges | 65 | €206 | €193 | -€14 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €1,286 | €28,598 | +€27,312 | +2,124% |
| Income taxes | 67/77 | €787 | €9,961 | +€9,174 | +1,166% |
| Profit (loss) for the period | 9904 | €499 | €18,638 | +€18,139 | +3,634% |
| Profit (loss) for the period to be appropriated | 9905 | €499 | €18,638 | +€18,139 | +3,634% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.