DR. PEETERS YANNICK: 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. PEETERS YANNICK
Largest movements
- Cash +€57,026
up €57,026 (+27.1%), from €210,766 to €267,792
mainly Net result for the year (+€317,926) and Other debts (+€82,480)
- Tangible fixed assets +€24,355
up €24,355 (+161%), from €15,109 to €39,465
of which Land and buildings: +€25,698
- Other debts +€82,480
up €82,480 (+25.2%), from €327,402 to €409,882
- Gross operating margin -€8,544
down €8,544 (-1.9%), from €444,852 to €436,308
- Depreciation +€4,694
up €4,694 (+81.0%), from €5,798 to €10,492
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 | €370,547 | €450,715 | +€80,168 | +21.6% |
| Fixed assets | 21/28 | €15,109 | €39,465 | +€24,355 | +161% |
| Tangible fixed assets | 22/27 | €15,109 | €39,465 | +€24,355 | +161% |
| Land and buildings | 22 | €12,758 | €38,456 | +€25,698 | +201% |
| Furniture and vehicles | 24 | €2,351 | €1,009 | -€1,343 | -57.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €355,438 | €411,250 | +€55,812 | +15.7% |
| Amounts receivable within one year | 40/41 | €62 | €260 | +€199 | +323% |
| Trade receivables | 40 | - | €260 | +€260 | |
| Other amounts receivable | 41 | €62 | €0 | -€62 | -100% |
| Cash at bank and in hand | 54/58 | €210,766 | €267,792 | +€57,026 | +27.1% |
| Deferred charges and accrued income | 490/1 | €144,610 | €143,198 | -€1,412 | -1.0% |
| Total equity and liabilities | 10/49 | €370,547 | €450,715 | +€80,168 | +21.6% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €351,947 | €432,115 | +€80,168 | +22.8% |
| Amounts payable within one year | 42/48 | €351,947 | €432,115 | +€80,168 | +22.8% |
| Trade debts | 44 | €138 | €0 | -€138 | -100% |
| Suppliers | 440/4 | €138 | €0 | -€138 | -100% |
| Taxes, remuneration and social security | 45 | €24,407 | €22,233 | -€2,174 | -8.9% |
| Taxes | 450/3 | €24,407 | €22,233 | -€2,174 | -8.9% |
| Other amounts payable | 47/48 | €327,402 | €409,882 | +€82,480 | +25.2% |
| Remuneration, social security and pensions | 62 | €8,436 | €6,505 | -€1,930 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,798 | €10,492 | +€4,694 | +81.0% |
| Other operating charges | 640/8 | €1,175 | €1,194 | +€20 | +1.7% |
| Gross operating margin | 9900 | €444,852 | €436,308 | -€8,544 | -1.9% |
| Operating profit (loss) | 9901 | €429,444 | €418,116 | -€11,327 | -2.6% |
| Financial income | 75/76B | €1,619 | €1,410 | -€209 | -12.9% |
| Recurring financial income | 75 | €1,619 | €1,410 | -€209 | -12.9% |
| Financial charges | 65/66B | €70 | €70 | = | 0.0% |
| Recurring financial charges | 65 | €70 | €70 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €430,993 | €419,456 | -€11,537 | -2.7% |
| Income taxes | 67/77 | €103,591 | €101,531 | -€2,060 | -2.0% |
| Profit (loss) for the period | 9904 | €327,402 | €317,926 | -€9,476 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €327,402 | €317,926 | -€9,476 | -2.9% |
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 22 October 2026 via checked.be.