ELECTRO 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.
ELECTRO PEETERS
Largest movements
- Tangible fixed assets -€19,973
down €19,973 (-11.1%), from €180,016 to €160,043
of which Land and buildings: -€11,165
- Stocks and contracts +€8,427
up €8,427 (+10.0%), from €84,092 to €92,519
- Cash +€7,708
up €7,708 (+7.5%), from €102,844 to €110,551
mainly Depreciation (+€21,678) and Net result for the year (+€12,659)
- Receivables within one year +€5,901
up €5,901 (+68.0%), from €8,674 to €14,575
of which Trade receivables: +€4,068
- Reserves +€12,659
up €12,659 (+3.7%), from €342,304 to €354,963
of which Distributable reserves: +€14,703
- Tax, wage and social debts -€11,720
down €11,720 (-96.5%), from €12,147 to €426
- Gross operating margin -€32,460
down €32,460 (-44.7%), from €72,620 to €40,161
- Taxes -€7,641
down €7,641 (-54.7%), from €13,965 to €6,324
- Financial income -€2,486
down €2,486 (-43.6%), from €5,702 to €3,216
- Other operating charges -€1,021
down €1,021 (-36.4%), from €2,805 to €1,784
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 | €388,842 | €387,682 | -€1,160 | -0.3% |
| Fixed assets | 21/28 | €188,135 | €168,162 | -€19,973 | -10.6% |
| Tangible fixed assets | 22/27 | €180,016 | €160,043 | -€19,973 | -11.1% |
| Land and buildings | 22 | €141,547 | €130,382 | -€11,165 | -7.9% |
| Plant, machinery and equipment | 23 | €194 | €1,245 | +€1,051 | +542% |
| Furniture and vehicles | 24 | €38,275 | €28,416 | -€9,859 | -25.8% |
| Financial fixed assets | 28 | €8,120 | €8,120 | = | 0.0% |
| Current assets | 29/58 | €200,707 | €219,520 | +€18,813 | +9.4% |
| Stocks and contracts in progress | 3 | €84,092 | €92,519 | +€8,427 | +10.0% |
| Stocks | 30/36 | €84,092 | €92,519 | +€8,427 | +10.0% |
| Amounts receivable within one year | 40/41 | €8,674 | €14,575 | +€5,901 | +68.0% |
| Trade receivables | 40 | €8,674 | €12,742 | +€4,068 | +46.9% |
| Other amounts receivable | 41 | - | €1,832 | +€1,832 | |
| Cash at bank and in hand | 54/58 | €102,844 | €110,551 | +€7,708 | +7.5% |
| Deferred charges and accrued income | 490/1 | €5,097 | €1,875 | -€3,222 | -63.2% |
| Total equity and liabilities | 10/49 | €388,842 | €387,682 | -€1,160 | -0.3% |
| Equity | 10/15 | €360,904 | €373,563 | +€12,659 | +3.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €342,304 | €354,963 | +€12,659 | +3.7% |
| Tax-exempt reserves | 132 | €7,877 | €5,833 | -€2,044 | -25.9% |
| Distributable reserves | 133 | €334,427 | €349,129 | +€14,703 | +4.4% |
| Provisions and deferred taxes | 16 | €1,980 | €1,458 | -€521 | -26.3% |
| Deferred taxes | 168 | €1,980 | €1,458 | -€521 | -26.3% |
| Amounts payable | 17/49 | €25,958 | €12,661 | -€13,297 | -51.2% |
| Amounts payable within one year | 42/48 | €25,954 | €12,659 | -€13,296 | -51.2% |
| Financial debts | 43 | €1,382 | €1,373 | -€8 | -0.6% |
| Other loans | 439 | €1,382 | €1,373 | -€8 | -0.6% |
| Trade debts | 44 | €4,771 | €6,326 | +€1,555 | +32.6% |
| Suppliers | 440/4 | €4,771 | €6,326 | +€1,555 | +32.6% |
| Taxes, remuneration and social security | 45 | €12,147 | €426 | -€11,720 | -96.5% |
| Taxes | 450/3 | €12,147 | €426 | -€11,720 | -96.5% |
| Other amounts payable | 47/48 | €7,656 | €4,533 | -€3,123 | -40.8% |
| Accrued charges and deferred income | 492/3 | €4 | €2 | -€1 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,139 | €21,678 | +€539 | +2.5% |
| Other operating charges | 640/8 | €2,805 | €1,784 | -€1,021 | -36.4% |
| Gross operating margin | 9900 | €72,620 | €40,161 | -€32,460 | -44.7% |
| Operating profit (loss) | 9901 | €48,676 | €16,699 | -€31,977 | -65.7% |
| Financial income | 75/76B | €5,702 | €3,216 | -€2,486 | -43.6% |
| Recurring financial income | 75 | €5,702 | €3,216 | -€2,486 | -43.6% |
| Financial charges | 65/66B | €1,889 | €1,454 | -€435 | -23.0% |
| Recurring financial charges | 65 | €1,889 | €1,454 | -€435 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €52,488 | €18,461 | -€34,027 | -64.8% |
| Transfer from deferred taxes | 780 | €503 | €521 | +€18 | +3.7% |
| Transfer to deferred taxes | 680 | €2,400 | - | -€2,400 | |
| Income taxes | 67/77 | €13,965 | €6,324 | -€7,641 | -54.7% |
| Profit (loss) for the period | 9904 | €36,626 | €12,659 | -€23,968 | -65.4% |
| Transfer from tax-exempt reserves | 789 | €1,971 | €2,044 | +€73 | +3.7% |
| Transfer to tax-exempt reserves | 689 | €9,600 | - | -€9,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,997 | €14,703 | -€14,294 | -49.3% |
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 13 October 2026 via checked.be.