DOKTER GUY 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.
DOKTER GUY PEETERS
Largest movements
- Cash +€400,012
up €400,012 (+334%), from €119,776 to €519,788
mainly Current investments (+€345,764) and Net result for the year (+€110,365)
- Current investments -€345,764
down €345,764 (-42.7%), from €809,817 to €464,053
- Tangible fixed assets +€46,273
up €46,273 (+426%), from €10,853 to €57,126
of which Furniture and vehicles: +€46,611
- Receivables within one year -€13,843
down €13,843 (-81.2%), from €17,056 to €3,213
of which Trade receivables: -€13,843
- Reserves +€109,532
up €109,532 (+12.5%), from €879,674 to €989,206
of which Distributable reserves: +€109,532
- Advances received -€18,415
down €18,415 (-100%), from €18,415 to €0
- Gross operating margin +€14,014
up €14,014 (+9.2%), from €152,764 to €166,778
- Financial income -€7,668
down €7,668 (-48.5%), from €15,810 to €8,142
- Depreciation +€5,625
up €5,625 (+235%), from €2,397 to €8,022
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 | €957,502 | €1,044,180 | +€86,677 | +9.1% |
| Fixed assets | 21/28 | €10,853 | €57,126 | +€46,273 | +426% |
| Tangible fixed assets | 22/27 | €10,853 | €57,126 | +€46,273 | +426% |
| Land and buildings | 22 | €6,718 | €5,211 | -€1,507 | -22.4% |
| Plant, machinery and equipment | 23 | €1,064 | €3,046 | +€1,982 | +186% |
| Furniture and vehicles | 24 | - | €46,611 | +€46,611 | |
| Other tangible fixed assets | 26 | €3,072 | €2,259 | -€813 | -26.5% |
| Current assets | 29/58 | €946,649 | €987,054 | +€40,405 | +4.3% |
| Amounts receivable within one year | 40/41 | €17,056 | €3,213 | -€13,843 | -81.2% |
| Trade receivables | 40 | €17,056 | €3,213 | -€13,843 | -81.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €809,817 | €464,053 | -€345,764 | -42.7% |
| Cash at bank and in hand | 54/58 | €119,776 | €519,788 | +€400,012 | +334% |
| Total equity and liabilities | 10/49 | €957,502 | €1,044,180 | +€86,677 | +9.1% |
| Equity | 10/15 | €898,266 | €1,007,798 | +€109,532 | +12.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €879,674 | €989,206 | +€109,532 | +12.5% |
| Non-distributable reserves | 130/1 | €22,817 | €22,817 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,817 | €22,817 | = | 0.0% |
| Distributable reserves | 133 | €856,857 | €966,389 | +€109,532 | +12.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,237 | €36,382 | -€22,855 | -38.6% |
| Amounts payable within one year | 42/48 | €59,237 | €36,382 | -€22,855 | -38.6% |
| Trade debts | 44 | €885 | €1,288 | +€403 | +45.5% |
| Suppliers | 440/4 | €885 | €1,288 | +€403 | +45.5% |
| Advances received on contracts in progress | 46 | €18,415 | €0 | -€18,415 | -100% |
| Taxes, remuneration and social security | 45 | €3,990 | €5,416 | +€1,426 | +35.7% |
| Taxes | 450/3 | €3,990 | €5,416 | +€1,426 | +35.7% |
| Other amounts payable | 47/48 | €35,947 | €29,678 | -€6,269 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,397 | €8,022 | +€5,625 | +235% |
| Other operating charges | 640/8 | €1,962 | €1,456 | -€506 | -25.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €152,764 | €166,778 | +€14,014 | +9.2% |
| Operating profit (loss) | 9901 | €148,404 | €157,300 | +€8,896 | +6.0% |
| Financial income | 75/76B | €15,810 | €8,142 | -€7,668 | -48.5% |
| Recurring financial income | 75 | €15,810 | €8,142 | -€7,668 | -48.5% |
| Financial charges | 65/66B | €3,209 | €2,804 | -€405 | -12.6% |
| Recurring financial charges | 65 | €3,209 | €2,804 | -€405 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €161,005 | €162,638 | +€1,633 | +1.0% |
| Income taxes | 67/77 | €52,624 | €52,273 | -€351 | -0.7% |
| Profit (loss) for the period | 9904 | €108,382 | €110,365 | +€1,984 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €108,382 | €110,365 | +€1,984 | +1.8% |
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 23 October 2026 via checked.be.