DR.COREMANS PETER: what changed
Two fiscal 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.
DR.COREMANS PETER
Largest movements
- Cash +€177,296
up €177,296 (+20.9%), from €848,997 to €1.0m
mainly Net result for the year (+€241,183) and Receivables within one year (+€27,334)
- Receivables within one year -€27,334
down €27,334 (-97.8%), from €27,959 to €625
of which Other amounts receivable: -€27,959
- Reserves +€125,983
up €125,983 (+16.6%), from €760,331 to €886,314
- Tax, wage and social debts +€24,359
up €24,359 (+110.0%), from €22,136 to €46,495
- Gross operating margin +€52,352
up €52,352 (+17.2%), from €304,537 to €356,888
- Taxes +€25,911
up €25,911 (+29.2%), from €88,699 to €114,610
- Depreciation -€8,179
down €8,179 (-75.8%), from €10,785 to €2,606
- Financial income +€5,785
up €5,785 (+414.2%), from €1,397 to €7,181
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.
Cash bridge derived
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 | €885,149 | €1,037,305 | +€152,156 | +17.2% |
| Fixed assets | 21/28 | €8,192 | €10,386 | +€2,194 | +26.8% |
| Tangible fixed assets | 22/27 | €8,192 | €10,386 | +€2,194 | +26.8% |
| Land and buildings | 22 | €5,039 | €3,738 | -€1,302 | -25.8% |
| Plant, machinery and equipment | 23 | €1 | - | -€1 | |
| Furniture and vehicles | 24 | €3,152 | €6,649 | +€3,497 | +110.9% |
| Current assets | 29/58 | €876,957 | €1,026,919 | +€149,962 | +17.1% |
| Amounts receivable within one year | 40/41 | €27,959 | €625 | -€27,334 | -97.8% |
| Trade receivables | 40 | - | €625 | +€625 | |
| Other amounts receivable | 41 | €27,959 | - | -€27,959 | |
| Cash at bank and in hand | 54/58 | €848,997 | €1,026,294 | +€177,296 | +20.9% |
| Total equity and liabilities | 10/49 | €885,149 | €1,037,305 | +€152,156 | +17.2% |
| Equity | 10/15 | €780,798 | €906,781 | +€125,983 | +16.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €760,331 | €886,314 | +€125,983 | +16.6% |
| Distributable reserves | 133 | €760,331 | €886,314 | +€125,983 | +16.6% |
| Profit (loss) carried forward | 14 | €7 | €7 | = | 0.0% |
| Amounts payable | 17/49 | €104,351 | €130,524 | +€26,173 | +25.1% |
| Amounts payable within one year | 42/48 | €104,351 | €130,524 | +€26,173 | +25.1% |
| Trade debts | 44 | €4,963 | €2,966 | -€1,997 | -40.2% |
| Suppliers | 440/4 | €4,963 | €2,966 | -€1,997 | -40.2% |
| Taxes, remuneration and social security | 45 | €22,136 | €46,495 | +€24,359 | +110.0% |
| Taxes | 450/3 | €22,136 | €46,495 | +€24,359 | +110.0% |
| Other amounts payable | 47/48 | €77,253 | €81,063 | +€3,810 | +4.9% |
| Remuneration, social security and pensions | 62 | €7,358 | €4,761 | -€2,597 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,785 | €2,606 | -€8,179 | -75.8% |
| Other operating charges | 640/8 | €784 | €794 | +€10 | +1.3% |
| Gross operating margin | 9900 | €304,537 | €356,888 | +€52,352 | +17.2% |
| Operating profit (loss) | 9901 | €285,610 | €348,727 | +€63,118 | +22.1% |
| Financial income | 75/76B | €1,397 | €7,181 | +€5,785 | +414.2% |
| Recurring financial income | 75 | €1,397 | €7,181 | +€5,785 | +414.2% |
| Financial charges | 65/66B | €58 | €116 | +€59 | +101.7% |
| Recurring financial charges | 65 | €58 | €116 | +€59 | +101.7% |
| Profit (loss) for the period before taxes | 9903 | €286,949 | €355,793 | +€68,844 | +24.0% |
| Income taxes | 67/77 | €88,699 | €114,610 | +€25,911 | +29.2% |
| Profit (loss) for the period | 9904 | €198,250 | €241,183 | +€42,933 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €198,250 | €241,183 | +€42,933 | +21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.