WIM PEETERS PROJECTS: 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 PROJECTS
Largest movements
- Cash +€15,990
up €15,990 (+344%), from €4,646 to €20,636
mainly Debts after one year (+€22,609) and Depreciation (+€4,736)
- Tangible fixed assets +€12,249
up €12,249 (+30.4%), from €40,334 to €52,583
of which Furniture and vehicles: +€13,256
- Receivables within one year -€1,955
down €1,955 (-66.2%), from €2,955 to €1,000
of which Other amounts receivable: -€1,616
- Stocks and contracts -€1,547
no longer reported in 2025 (was €1,547)
- Debts after one year +€22,609
up €22,609 (+148%), from €15,311 to €37,920
- Reserves +€2,506
up €2,506 (+18.4%), from €13,595 to €16,101
- Current portion of long-term debt -€2,266
down €2,266 (-19.6%), from €11,574 to €9,308
- Tax, wage and social debts +€1,217
up €1,217 (+28.5%), from €4,274 to €5,491
- Gross operating margin -€18,419
down €18,419 (-62.1%), from €29,648 to €11,229
- Depreciation -€9,471
down €9,471 (-66.7%), from €14,208 to €4,736
- Taxes -€2,394
down €2,394 (-57.0%), from €4,201 to €1,807
- Financial charges +€328
up €328 (+28.1%), from €1,166 to €1,494
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 | €52,034 | €76,314 | +€24,280 | +46.7% |
| Fixed assets | 21/28 | €40,334 | €52,583 | +€12,249 | +30.4% |
| Tangible fixed assets | 22/27 | €40,334 | €52,583 | +€12,249 | +30.4% |
| Land and buildings | 22 | €1,719 | €1,533 | -€186 | -10.8% |
| Plant, machinery and equipment | 23 | €1,442 | €621 | -€821 | -57.0% |
| Furniture and vehicles | 24 | €37,173 | €50,429 | +€13,256 | +35.7% |
| Current assets | 29/58 | €11,700 | €23,730 | +€12,031 | +103% |
| Stocks and contracts in progress | 3 | €1,547 | - | -€1,547 | |
| Stocks | 30/36 | €1,547 | - | -€1,547 | |
| Amounts receivable within one year | 40/41 | €2,955 | €1,000 | -€1,955 | -66.2% |
| Trade receivables | 40 | €339 | - | -€339 | |
| Other amounts receivable | 41 | €2,616 | €1,000 | -€1,616 | -61.8% |
| Cash at bank and in hand | 54/58 | €4,646 | €20,636 | +€15,990 | +344% |
| Deferred charges and accrued income | 490/1 | €2,552 | €2,094 | -€457 | -17.9% |
| Total equity and liabilities | 10/49 | €52,034 | €76,314 | +€24,280 | +46.7% |
| Equity | 10/15 | €17,595 | €20,101 | +€2,506 | +14.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €13,595 | €16,101 | +€2,506 | +18.4% |
| Distributable reserves | 133 | €13,595 | €16,101 | +€2,506 | +18.4% |
| Amounts payable | 17/49 | €34,439 | €56,213 | +€21,774 | +63.2% |
| Amounts payable after more than one year | 17 | €15,311 | €37,920 | +€22,609 | +148% |
| Financial debts | 170/4 | €15,311 | €37,920 | +€22,609 | +148% |
| Amounts payable within one year | 42/48 | €17,246 | €16,373 | -€874 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €11,574 | €9,308 | -€2,266 | -19.6% |
| Trade debts | 44 | €1,314 | €1,574 | +€260 | +19.8% |
| Suppliers | 440/4 | €1,314 | €1,574 | +€260 | +19.8% |
| Taxes, remuneration and social security | 45 | €4,274 | €5,491 | +€1,217 | +28.5% |
| Taxes | 450/3 | €4,274 | €5,491 | +€1,217 | +28.5% |
| Other amounts payable | 47/48 | €85 | - | -€85 | |
| Accrued charges and deferred income | 492/3 | €1,882 | €1,921 | +€39 | +2.1% |
| Non-recurring operating income | 76A | - | €2,169 | +€2,169 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,208 | €4,736 | -€9,471 | -66.7% |
| Other operating charges | 640/8 | €790 | €736 | -€54 | -6.9% |
| Gross operating margin | 9900 | €29,648 | €11,229 | -€18,419 | -62.1% |
| Operating profit (loss) | 9901 | €14,650 | €5,757 | -€8,893 | -60.7% |
| Financial income | 75/76B | €0 | €50 | +€50 | +62,913% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +62,913% |
| Financial charges | 65/66B | €1,166 | €1,494 | +€328 | +28.1% |
| Recurring financial charges | 65 | €1,166 | €1,494 | +€328 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €13,484 | €4,313 | -€9,171 | -68.0% |
| Income taxes | 67/77 | €4,201 | €1,807 | -€2,394 | -57.0% |
| Profit (loss) for the period | 9904 | €9,283 | €2,506 | -€6,777 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,283 | €2,506 | -€6,777 | -73.0% |
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.