DR. PEERAER KATRIEN: 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. PEERAER KATRIEN
Largest movements
- Current investments -€28,929
down €28,929 (-37.8%), from €76,539 to €47,611
- Cash +€17,053
up €17,053 (+14.5%), from €117,477 to €134,531
mainly Other debts (+€194,724) and Net result for the year (+€194,437)
- Tangible fixed assets -€5,744
down €5,744 (-28.5%), from €20,128 to €14,383
- Reserves -€208,427
no longer reported in 2025 (was €208,427)
- Other debts +€194,724
up €194,724 (+8051.3%), from €2,419 to €197,143
- Trade debts -€2,394
down €2,394 (-76.8%), from €3,118 to €724
- Financial income -€21,747
down €21,747 (-98.9%), from €21,996 to €249
- Gross operating margin +€12,835
up €12,835 (+5.1%), from €251,950 to €264,785
- Financial charges +€3,473
up €3,473 (+306.9%), from €1,132 to €4,605
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 | €216,964 | €200,867 | -€16,097 | -7.4% |
| Fixed assets | 21/28 | €20,128 | €14,383 | -€5,744 | -28.5% |
| Tangible fixed assets | 22/27 | €20,128 | €14,383 | -€5,744 | -28.5% |
| Furniture and vehicles | 24 | €20,128 | €14,383 | -€5,744 | -28.5% |
| Current assets | 29/58 | €196,836 | €186,484 | -€10,352 | -5.3% |
| Amounts receivable within one year | 40/41 | €2,819 | €3,147 | +€328 | +11.6% |
| Other amounts receivable | 41 | €2,819 | €3,147 | +€328 | +11.6% |
| Current investments | 50/53 | €76,539 | €47,611 | -€28,929 | -37.8% |
| Cash at bank and in hand | 54/58 | €117,477 | €134,531 | +€17,053 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €1,195 | +€1,195 | |
| Total equity and liabilities | 10/49 | €216,964 | €200,867 | -€16,097 | -7.4% |
| Equity | 10/15 | €211,427 | €3,000 | -€208,427 | -98.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €208,427 | - | -€208,427 | |
| Distributable reserves | 133 | €208,427 | - | -€208,427 | |
| Amounts payable | 17/49 | €5,537 | €197,867 | +€192,330 | +3473.7% |
| Amounts payable within one year | 42/48 | €5,537 | €197,867 | +€192,330 | +3473.7% |
| Trade debts | 44 | €3,118 | €724 | -€2,394 | -76.8% |
| Suppliers | 440/4 | €3,118 | €724 | -€2,394 | -76.8% |
| Other amounts payable | 47/48 | €2,419 | €197,143 | +€194,724 | +8051.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,777 | €5,744 | -€33 | -0.6% |
| Other operating charges | 640/8 | €324 | €329 | +€4 | +1.4% |
| Gross operating margin | 9900 | €251,950 | €264,785 | +€12,835 | +5.1% |
| Operating profit (loss) | 9901 | €245,849 | €258,712 | +€12,863 | +5.2% |
| Financial income | 75/76B | €21,996 | €249 | -€21,747 | -98.9% |
| Recurring financial income | 75 | €21,996 | €249 | -€21,747 | -98.9% |
| Financial charges | 65/66B | €1,132 | €4,605 | +€3,473 | +306.9% |
| Recurring financial charges | 65 | €1,132 | €4,605 | +€3,473 | +306.9% |
| Profit (loss) for the period before taxes | 9903 | €266,713 | €254,356 | -€12,357 | -4.6% |
| Income taxes | 67/77 | €58,286 | €59,920 | +€1,633 | +2.8% |
| Profit (loss) for the period | 9904 | €208,427 | €194,437 | -€13,991 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €208,427 | €194,437 | -€13,991 | -6.7% |
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 11 October 2026 via checked.be.