Dr. Iwens 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. Iwens Peter
Largest movements
- Cash +€56,275
up €56,275 (+45.6%), from €123,439 to €179,714
mainly Depreciation (+€49,665) and Net result for the year (+€42,353)
- Tangible fixed assets -€35,435
down €35,435 (-18.2%), from €194,704 to €159,269
of which Land and buildings: -€23,700
- Receivables within one year +€8,543
up €8,543 (+55.8%), from €15,318 to €23,861
of which Trade receivables: +€14,061
- Other debts +€15,915
up €15,915 (+277%), from €5,749 to €21,664
- Reserves +€12,458
up €12,458 (+4.9%), from €254,880 to €267,338
- Tax, wage and social debts +€10,423
new in 2025: €10,423
of which Taxes: +€6,123
- Debts after one year -€10,283
down €10,283 (-19.7%), from €52,260 to €41,977
- Gross operating margin +€30,182
up €30,182 (+37.0%), from €81,539 to €111,721
- Taxes +€7,986
up €7,986 (+77.0%), from €10,371 to €18,357
- Depreciation +€1,412
up €1,412 (+2.9%), from €48,253 to €49,665
- Financial income +€1,394
up €1,394 (+284%), from €491 to €1,885
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 | €335,784 | €365,215 | +€29,431 | +8.8% |
| Fixed assets | 21/28 | €194,704 | €159,269 | -€35,435 | -18.2% |
| Tangible fixed assets | 22/27 | €194,704 | €159,269 | -€35,435 | -18.2% |
| Land and buildings | 22 | €109,950 | €86,250 | -€23,700 | -21.6% |
| Plant, machinery and equipment | 23 | €69,904 | €59,969 | -€9,935 | -14.2% |
| Furniture and vehicles | 24 | €14,850 | €13,050 | -€1,800 | -12.1% |
| Current assets | 29/58 | €141,080 | €205,946 | +€64,866 | +46.0% |
| Amounts receivable within one year | 40/41 | €15,318 | €23,861 | +€8,543 | +55.8% |
| Trade receivables | 40 | €9,800 | €23,861 | +€14,061 | +143% |
| Other amounts receivable | 41 | €5,518 | - | -€5,518 | |
| Cash at bank and in hand | 54/58 | €123,439 | €179,714 | +€56,275 | +45.6% |
| Deferred charges and accrued income | 490/1 | €2,323 | €2,371 | +€48 | +2.1% |
| Total equity and liabilities | 10/49 | €335,784 | €365,215 | +€29,431 | +8.8% |
| Equity | 10/15 | €267,280 | €279,738 | +€12,458 | +4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €254,880 | €267,338 | +€12,458 | +4.9% |
| Distributable reserves | 133 | €254,880 | €267,338 | +€12,458 | +4.9% |
| Amounts payable | 17/49 | €68,504 | €85,477 | +€16,973 | +24.8% |
| Amounts payable after more than one year | 17 | €52,260 | €41,977 | -€10,283 | -19.7% |
| Financial debts | 170/4 | €52,260 | €41,977 | -€10,283 | -19.7% |
| Amounts payable within one year | 42/48 | €16,244 | €43,500 | +€27,256 | +168% |
| Current portion of amounts payable after more than one year | 42 | €10,495 | €10,813 | +€318 | +3.0% |
| Trade debts | 44 | - | €600 | +€600 | |
| Suppliers | 440/4 | - | €600 | +€600 | |
| Taxes, remuneration and social security | 45 | - | €10,423 | +€10,423 | |
| Taxes | 450/3 | - | €6,123 | +€6,123 | |
| Remuneration and social security | 454/9 | - | €4,300 | +€4,300 | |
| Other amounts payable | 47/48 | €5,749 | €21,664 | +€15,915 | +277% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,253 | €49,665 | +€1,412 | +2.9% |
| Gross operating margin | 9900 | €81,539 | €111,721 | +€30,182 | +37.0% |
| Operating profit (loss) | 9901 | €33,286 | €62,056 | +€28,770 | +86.4% |
| Financial income | 75/76B | €491 | €1,885 | +€1,394 | +284% |
| Recurring financial income | 75 | €491 | €1,885 | +€1,394 | +284% |
| Financial charges | 65/66B | €3,317 | €3,231 | -€86 | -2.6% |
| Recurring financial charges | 65 | €3,317 | €3,231 | -€86 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €30,460 | €60,710 | +€30,250 | +99.3% |
| Income taxes | 67/77 | €10,371 | €18,357 | +€7,986 | +77.0% |
| Profit (loss) for the period | 9904 | €20,089 | €42,353 | +€22,264 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €20,089 | €42,353 | +€22,264 | +111% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.