Dr. Hallet Peter: 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. Hallet Peter
Largest movements
- Cash +€158,918
up €158,918 (+34.5%), from €460,977 to €619,895
mainly Net result for the year (+€154,344) and Receivables within one year (+€79,498)
- Receivables within one year -€79,498
down €79,498 (-28.7%), from €276,655 to €197,157
of which Trade receivables: -€40,559
- Current investments -€15,914
down €15,914 (-3.5%), from €455,577 to €439,663
- Reserves +€45,690
up €45,690 (+4.0%), from €1.2m to €1.2m
of which Distributable reserves: +€45,690
- Other debts +€18,096
up €18,096, from €0 to €18,096
- Gross operating margin -€61,190
down €61,190 (-21.7%), from €282,061 to €220,870
- Taxes -€23,321
down €23,321 (-26.1%), from €89,269 to €65,948
- Financial income -€10,273
down €10,273 (-75.3%), from €13,635 to €3,362
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 | €1,204,799 | €1,262,045 | +€57,246 | +4.8% |
| Fixed assets | 21/28 | €2,072 | €2,630 | +€558 | +26.9% |
| Tangible fixed assets | 22/27 | €2,072 | €2,630 | +€558 | +26.9% |
| Plant, machinery and equipment | 23 | €2,072 | €1,559 | -€513 | -24.8% |
| Furniture and vehicles | 24 | €0 | €1,071 | +€1,071 | |
| Current assets | 29/58 | €1,202,727 | €1,259,414 | +€56,688 | +4.7% |
| Amounts receivable within one year | 40/41 | €276,655 | €197,157 | -€79,498 | -28.7% |
| Trade receivables | 40 | €202,656 | €162,096 | -€40,559 | -20.0% |
| Other amounts receivable | 41 | €73,999 | €35,061 | -€38,938 | -52.6% |
| Current investments | 50/53 | €455,577 | €439,663 | -€15,914 | -3.5% |
| Cash at bank and in hand | 54/58 | €460,977 | €619,895 | +€158,918 | +34.5% |
| Deferred charges and accrued income | 490/1 | €9,518 | €2,699 | -€6,819 | -71.6% |
| Total equity and liabilities | 10/49 | €1,204,799 | €1,262,045 | +€57,246 | +4.8% |
| Equity | 10/15 | €1,166,770 | €1,212,460 | +€45,690 | +3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,154,370 | €1,200,060 | +€45,690 | +4.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,154,370 | €1,200,060 | +€45,690 | +4.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,029 | €49,585 | +€11,556 | +30.4% |
| Amounts payable after more than one year | 17 | €21,350 | €17,855 | -€3,495 | -16.4% |
| Financial debts | 170/4 | €21,350 | €17,855 | -€3,495 | -16.4% |
| Amounts payable within one year | 42/48 | €15,029 | €31,730 | +€16,701 | +111.1% |
| Current portion of amounts payable after more than one year | 42 | €3,451 | €3,495 | +€45 | +1.3% |
| Trade debts | 44 | €2,716 | €1,277 | -€1,439 | -53.0% |
| Suppliers | 440/4 | €2,716 | €1,277 | -€1,439 | -53.0% |
| Taxes, remuneration and social security | 45 | €8,862 | €8,862 | = | 0.0% |
| Taxes | 450/3 | €3,862 | €3,862 | = | 0.0% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €18,096 | +€18,096 | |
| Accrued charges and deferred income | 492/3 | €1,650 | €0 | -€1,650 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873 | €686 | -€188 | -21.5% |
| Other operating charges | 640/8 | €836 | €1,385 | +€549 | +65.7% |
| Gross operating margin | 9900 | €282,061 | €220,870 | -€61,190 | -21.7% |
| Operating profit (loss) | 9901 | €280,351 | €218,800 | -€61,552 | -22.0% |
| Financial income | 75/76B | €13,635 | €3,362 | -€10,273 | -75.3% |
| Recurring financial income | 75 | €13,635 | €3,362 | -€10,273 | -75.3% |
| Financial charges | 65/66B | €414 | €1,870 | +€1,456 | +351.5% |
| Recurring financial charges | 65 | €414 | €1,870 | +€1,456 | +351.5% |
| Profit (loss) for the period before taxes | 9903 | €293,572 | €220,291 | -€73,280 | -25.0% |
| Income taxes | 67/77 | €89,269 | €65,948 | -€23,321 | -26.1% |
| Profit (loss) for the period | 9904 | €204,303 | €154,344 | -€49,959 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €204,303 | €154,344 | -€49,959 | -24.5% |
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 10 October 2026 via checked.be.