DOKTER JOHAN PEETERMANS: 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 JOHAN PEETERMANS
Largest movements
- Current investments -€401,358
down €401,358 (-17.0%), from €2.4m to €2.0m
- Cash +€314,434
up €314,434 (+166%), from €189,037 to €503,471
mainly Net result for the year (+€539,330) and Current investments (+€401,358)
- Receivables within one year +€107,039
up €107,039 (+45.7%), from €234,298 to €341,338
of which Other amounts receivable: +€126,941
- Reserves -€430,870
down €430,870 (-20.3%), from €2.1m to €1.7m
- Other debts +€385,200
up €385,200 (+65.8%), from €585,000 to €970,200
- Tax, wage and social debts +€76,188
up €76,188 (+115%), from €66,042 to €142,230
- Financial income +€67,798
up €67,798 (+145%), from €46,598 to €114,396
- Gross operating margin +€13,499
up €13,499 (+1.9%), from €697,264 to €710,763
- Financial charges +€10,348
up €10,348 (+115%), from €9,018 to €19,366
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 | €2,807,503 | €2,826,725 | +€19,222 | +0.7% |
| Fixed assets | 21/28 | €13,641 | €12,299 | -€1,342 | -9.8% |
| Tangible fixed assets | 22/27 | €13,641 | €12,299 | -€1,342 | -9.8% |
| Plant, machinery and equipment | 23 | €13,641 | €12,299 | -€1,342 | -9.8% |
| Current assets | 29/58 | €2,793,862 | €2,814,426 | +€20,564 | +0.7% |
| Amounts receivable within one year | 40/41 | €234,298 | €341,338 | +€107,039 | +45.7% |
| Trade receivables | 40 | €186,282 | €166,380 | -€19,902 | -10.7% |
| Other amounts receivable | 41 | €48,017 | €174,958 | +€126,941 | +264% |
| Current investments | 50/53 | €2,366,552 | €1,965,195 | -€401,358 | -17.0% |
| Cash at bank and in hand | 54/58 | €189,037 | €503,471 | +€314,434 | +166% |
| Deferred charges and accrued income | 490/1 | €3,974 | €4,423 | +€449 | +11.3% |
| Total equity and liabilities | 10/49 | €2,807,503 | €2,826,725 | +€19,222 | +0.7% |
| Equity | 10/15 | €2,143,295 | €1,712,424 | -€430,870 | -20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,124,695 | €1,693,824 | -€430,870 | -20.3% |
| Distributable reserves | 133 | €2,124,695 | €1,693,824 | -€430,870 | -20.3% |
| Amounts payable | 17/49 | €664,209 | €1,114,301 | +€450,092 | +67.8% |
| Amounts payable within one year | 42/48 | €664,209 | €1,114,301 | +€450,092 | +67.8% |
| Trade debts | 44 | €13,166 | €1,870 | -€11,296 | -85.8% |
| Suppliers | 440/4 | €13,166 | €1,870 | -€11,296 | -85.8% |
| Taxes, remuneration and social security | 45 | €66,042 | €142,230 | +€76,188 | +115% |
| Taxes | 450/3 | €66,042 | €142,230 | +€76,188 | +115% |
| Other amounts payable | 47/48 | €585,000 | €970,200 | +€385,200 | +65.8% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,583 | €8,419 | -€164 | -1.9% |
| Other operating charges | 640/8 | €3,346 | €2,679 | -€667 | -19.9% |
| Gross operating margin | 9900 | €697,264 | €710,763 | +€13,499 | +1.9% |
| Operating profit (loss) | 9901 | €685,334 | €699,665 | +€14,331 | +2.1% |
| Financial income | 75/76B | €46,598 | €114,396 | +€67,798 | +145% |
| Recurring financial income | 75 | €46,598 | €114,396 | +€67,798 | +145% |
| Financial charges | 65/66B | €9,018 | €19,366 | +€10,348 | +115% |
| Recurring financial charges | 65 | €9,018 | €19,366 | +€10,348 | +115% |
| Profit (loss) for the period before taxes | 9903 | €722,914 | €794,695 | +€71,780 | +9.9% |
| Income taxes | 67/77 | €258,671 | €255,365 | -€3,306 | -1.3% |
| Profit (loss) for the period | 9904 | €464,243 | €539,330 | +€75,087 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €464,243 | €539,330 | +€75,087 | +16.2% |
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 27 October 2026 via checked.be.