DR. D. 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.
DR. D. PEETERS
Largest movements
- Deferred charges and accrued income -€37,474
down €37,474 (-88.3%), from €42,444 to €4,971
- Cash +€32,605
up €32,605 (+9.9%), from €328,879 to €361,485
mainly Net result for the year (+€347,905) and Deferred charges and accrued income (+€37,474)
- Tax, wage and social debts -€9,843
down €9,843 (-96.1%), from €10,240 to €397
- Other debts +€9,609
up €9,609 (+2.8%), from €339,955 to €349,564
- Gross operating margin +€14,570
up €14,570 (+3.3%), from €445,058 to €459,628
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 | €371,857 | €369,555 | -€2,302 | -0.6% |
| Fixed assets | 21/28 | €533 | €3,099 | +€2,566 | +481% |
| Tangible fixed assets | 22/27 | €533 | €3,099 | +€2,566 | +481% |
| Furniture and vehicles | 24 | €533 | €3,099 | +€2,566 | +481% |
| Current assets | 29/58 | €371,324 | €366,456 | -€4,868 | -1.3% |
| Cash at bank and in hand | 54/58 | €328,879 | €361,485 | +€32,605 | +9.9% |
| Deferred charges and accrued income | 490/1 | €42,444 | €4,971 | -€37,474 | -88.3% |
| Total equity and liabilities | 10/49 | €371,857 | €369,555 | -€2,302 | -0.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €353,257 | €350,955 | -€2,302 | -0.7% |
| Amounts payable within one year | 42/48 | €353,257 | €350,955 | -€2,302 | -0.7% |
| Trade debts | 44 | €3,062 | €994 | -€2,068 | -67.5% |
| Suppliers | 440/4 | €3,062 | €994 | -€2,068 | -67.5% |
| Taxes, remuneration and social security | 45 | €10,240 | €397 | -€9,843 | -96.1% |
| Taxes | 450/3 | €10,240 | €397 | -€9,843 | -96.1% |
| Other amounts payable | 47/48 | €339,955 | €349,564 | +€9,609 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €467 | €754 | +€287 | +61.6% |
| Other operating charges | 640/8 | €978 | €527 | -€450 | -46.1% |
| Gross operating margin | 9900 | €445,058 | €459,628 | +€14,570 | +3.3% |
| Operating profit (loss) | 9901 | €443,614 | €458,347 | +€14,733 | +3.3% |
| Financial charges | 65/66B | €54 | €45 | -€9 | -16.3% |
| Recurring financial charges | 65 | €54 | €45 | -€9 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €443,560 | €458,302 | +€14,742 | +3.3% |
| Income taxes | 67/77 | €107,165 | €110,397 | +€3,232 | +3.0% |
| Profit (loss) for the period | 9904 | €336,395 | €347,905 | +€11,510 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €336,395 | €347,905 | +€11,510 | +3.4% |
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 13 October 2026 via checked.be.