DOKTER PETER STUER: 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 PETER STUER
Largest movements
- Cash +€106,167
up €106,167 (+45.9%), from €231,111 to €337,278
mainly Net result for the year (+€245,376) and Receivables within one year (+€90,926)
- Receivables within one year -€90,926
down €90,926 (-28.9%), from €314,645 to €223,719
- Tangible fixed assets -€50,448
down €50,448 (-6.1%), from €822,920 to €772,471
of which Land and buildings: -€51,595
- Deferred charges and accrued income +€42,831
up €42,831 (+569%), from €7,530 to €50,361
- Reserves +€245,376
up €245,376 (+35.5%), from €691,000 to €936,376
- Debts after one year -€133,333
down €133,333 (-34.9%), from €381,546 to €248,213
of which Financial debts: -€83,333
- Other debts -€58,833
down €58,833 (-36.4%), from €161,523 to €102,690
- Tax, wage and social debts -€25,174
down €25,174 (-37.7%), from €66,816 to €41,642
of which Taxes: -€25,174
- Trade debts -€16,343
down €16,343 (-80.7%), from €20,246 to €3,903
- Gross operating margin +€98,052
up €98,052 (+29.4%), from €334,043 to €432,095
- Taxes +€32,302
up €32,302 (+41.3%), from €78,269 to €110,571
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 | €1,421,483 | €1,433,107 | +€11,624 | +0.8% |
| Fixed assets | 21/28 | €822,920 | €772,471 | -€50,448 | -6.1% |
| Tangible fixed assets | 22/27 | €822,920 | €772,471 | -€50,448 | -6.1% |
| Land and buildings | 22 | €822,542 | €770,947 | -€51,595 | -6.3% |
| Furniture and vehicles | 24 | €378 | €1,525 | +€1,147 | +304% |
| Current assets | 29/58 | €598,563 | €660,635 | +€62,072 | +10.4% |
| Amounts receivable within one year | 40/41 | €314,645 | €223,719 | -€90,926 | -28.9% |
| Other amounts receivable | 41 | €314,645 | €223,719 | -€90,926 | -28.9% |
| Current investments | 50/53 | €45,278 | €49,278 | +€4,000 | +8.8% |
| Cash at bank and in hand | 54/58 | €231,111 | €337,278 | +€106,167 | +45.9% |
| Deferred charges and accrued income | 490/1 | €7,530 | €50,361 | +€42,831 | +569% |
| Total equity and liabilities | 10/49 | €1,421,483 | €1,433,107 | +€11,624 | +0.8% |
| Equity | 10/15 | €703,400 | €948,776 | +€245,376 | +34.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €691,000 | €936,376 | +€245,376 | +35.5% |
| Distributable reserves | 133 | €691,000 | €936,376 | +€245,376 | +35.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €718,083 | €484,330 | -€233,753 | -32.6% |
| Amounts payable after more than one year | 17 | €381,546 | €248,213 | -€133,333 | -34.9% |
| Financial debts | 170/4 | €152,778 | €69,445 | -€83,333 | -54.5% |
| Other amounts payable | 178/9 | €228,769 | €178,769 | -€50,000 | -21.9% |
| Amounts payable within one year | 42/48 | €331,919 | €231,569 | -€100,350 | -30.2% |
| Current portion of amounts payable after more than one year | 42 | €83,333 | €83,333 | = | 0.0% |
| Trade debts | 44 | €20,246 | €3,903 | -€16,343 | -80.7% |
| Suppliers | 440/4 | €20,246 | €3,903 | -€16,343 | -80.7% |
| Taxes, remuneration and social security | 45 | €66,816 | €41,642 | -€25,174 | -37.7% |
| Taxes | 450/3 | €66,816 | €41,642 | -€25,174 | -37.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €161,523 | €102,690 | -€58,833 | -36.4% |
| Accrued charges and deferred income | 492/3 | €4,618 | €4,549 | -€69 | -1.5% |
| Non-recurring operating income | 76A | €27,261 | €0 | -€27,261 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,387 | €60,689 | +€1,302 | +2.2% |
| Other operating charges | 640/8 | €3,311 | €4,609 | +€1,298 | +39.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €334,043 | €432,095 | +€98,052 | +29.4% |
| Operating profit (loss) | 9901 | €271,345 | €366,797 | +€95,452 | +35.2% |
| Financial income | 75/76B | €3,282 | €2,927 | -€355 | -10.8% |
| Recurring financial income | 75 | €3,282 | €2,927 | -€355 | -10.8% |
| Financial charges | 65/66B | €16,671 | €13,777 | -€2,894 | -17.4% |
| Recurring financial charges | 65 | €16,671 | €13,777 | -€2,894 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €257,956 | €355,947 | +€97,991 | +38.0% |
| Income taxes | 67/77 | €78,269 | €110,571 | +€32,302 | +41.3% |
| Profit (loss) for the period | 9904 | €179,686 | €245,376 | +€65,690 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €179,686 | €245,376 | +€65,690 | +36.6% |
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 25 October 2026 via checked.be.