Dokter K. Pierets: 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 K. Pierets
Largest movements
- Cash -€92,141
down €92,141 (-56.0%), from €164,523 to €72,382
mainly Contributions, distributions and other (-€102,796) and Investment in fixed assets (net) (-€64,167)
- Receivables within one year +€34,038
up €34,038 (+49.7%), from €68,540 to €102,578
of which Other amounts receivable: +€32,293
- Tangible fixed assets +€26,623
up €26,623 (+5.3%), from €503,222 to €529,845
of which Land and buildings: +€28,867
- Debts after one year -€55,394
down €55,394 (-18.0%), from €307,342 to €251,948
- Reserves +€18,238
up €18,238 (+5.3%), from €344,846 to €363,084
- Trade debts -€9,008
no longer reported in 2025 (was €9,008)
- Gross operating margin +€47,519
up €47,519 (+19.9%), from €239,265 to €286,784
- Taxes +€19,650
up €19,650 (+47.4%), from €41,429 to €61,078
- Depreciation +€9,431
up €9,431 (+32.8%), from €28,760 to €38,191
- Financial charges +€7,274
up €7,274 (+72.1%), from €10,088 to €17,362
- Financial income +€3,832
up €3,832 (+141%), from €2,727 to €6,559
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 | €822,144 | €788,302 | -€33,842 | -4.1% |
| Fixed assets | 21/28 | €503,886 | €529,863 | +€25,976 | +5.2% |
| Intangible fixed assets | 21 | €665 | €18 | -€647 | -97.3% |
| Tangible fixed assets | 22/27 | €503,222 | €529,845 | +€26,623 | +5.3% |
| Land and buildings | 22 | €416,508 | €445,375 | +€28,867 | +6.9% |
| Plant, machinery and equipment | 23 | €73,532 | €62,804 | -€10,728 | -14.6% |
| Furniture and vehicles | 24 | €8,982 | €14,617 | +€5,634 | +62.7% |
| Other tangible fixed assets | 26 | €4,200 | €7,050 | +€2,850 | +67.9% |
| Current assets | 29/58 | €318,258 | €258,439 | -€59,819 | -18.8% |
| Amounts receivable within one year | 40/41 | €68,540 | €102,578 | +€34,038 | +49.7% |
| Trade receivables | 40 | - | €1,745 | +€1,745 | |
| Other amounts receivable | 41 | €68,540 | €100,833 | +€32,293 | +47.1% |
| Cash at bank and in hand | 54/58 | €164,523 | €72,382 | -€92,141 | -56.0% |
| Deferred charges and accrued income | 490/1 | €85,195 | €83,479 | -€1,716 | -2.0% |
| Total equity and liabilities | 10/49 | €822,144 | €788,302 | -€33,842 | -4.1% |
| Equity | 10/15 | €384,846 | €403,084 | +€18,238 | +4.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €344,846 | €363,084 | +€18,238 | +5.3% |
| Distributable reserves | 133 | €344,846 | €363,084 | +€18,238 | +5.3% |
| Amounts payable | 17/49 | €437,298 | €385,218 | -€52,081 | -11.9% |
| Amounts payable after more than one year | 17 | €307,342 | €251,948 | -€55,394 | -18.0% |
| Financial debts | 170/4 | €307,342 | €251,948 | -€55,394 | -18.0% |
| Amounts payable within one year | 42/48 | €118,926 | €116,982 | -€1,944 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €77,882 | €83,652 | +€5,769 | +7.4% |
| Trade debts | 44 | €9,008 | - | -€9,008 | |
| Suppliers | 440/4 | €9,008 | - | -€9,008 | |
| Taxes, remuneration and social security | 45 | €32,035 | €33,331 | +€1,295 | +4.0% |
| Taxes | 450/3 | €26,214 | €27,276 | +€1,062 | +4.1% |
| Remuneration and social security | 454/9 | €5,821 | €6,054 | +€233 | +4.0% |
| Accrued charges and deferred income | 492/3 | €11,030 | €16,287 | +€5,257 | +47.7% |
| Non-recurring operating income | 76A | - | €9,531 | +€9,531 | |
| Remuneration, social security and pensions | 62 | €45,807 | €48,125 | +€2,318 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,760 | €38,191 | +€9,431 | +32.8% |
| Other operating charges | 640/8 | €4,569 | €7,121 | +€2,552 | +55.9% |
| Non-recurring operating charges | 66A | €11,554 | €434 | -€11,120 | -96.2% |
| Gross operating margin | 9900 | €239,265 | €286,784 | +€47,519 | +19.9% |
| Operating profit (loss) | 9901 | €148,576 | €192,914 | +€44,338 | +29.8% |
| Financial income | 75/76B | €2,727 | €6,559 | +€3,832 | +141% |
| Recurring financial income | 75 | €2,727 | €6,559 | +€3,832 | +141% |
| Financial charges | 65/66B | €10,088 | €17,362 | +€7,274 | +72.1% |
| Recurring financial charges | 65 | €10,088 | €17,362 | +€7,274 | +72.1% |
| Profit (loss) for the period before taxes | 9903 | €141,215 | €182,112 | +€40,897 | +29.0% |
| Income taxes | 67/77 | €41,429 | €61,078 | +€19,650 | +47.4% |
| Profit (loss) for the period | 9904 | €99,786 | €121,034 | +€21,247 | +21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €99,786 | €121,034 | +€21,247 | +21.3% |
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 29 October 2026 via checked.be.