Dr. Peter Diels: 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. Peter Diels
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-16.9%), from €147,603 to €122,603
- Deferred charges and accrued income -€5,616
down €5,616 (-11.7%), from €48,149 to €42,533
- Tangible fixed assets -€2,928
down €2,928 (-42.4%), from €6,905 to €3,977
- Debts after one year -€26,198
down €26,198 (-44.1%), from €59,345 to €33,146
- Other debts -€6,356
down €6,356 (-4.8%), from €132,895 to €126,539
- Gross operating margin -€3,726
down €3,726 (-2.7%), from €138,266 to €134,539
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 | €228,482 | €195,895 | -€32,588 | -14.3% |
| Fixed assets | 21/28 | €154,508 | €126,579 | -€27,928 | -18.1% |
| Intangible fixed assets | 21 | €147,603 | €122,603 | -€25,000 | -16.9% |
| Tangible fixed assets | 22/27 | €6,905 | €3,977 | -€2,928 | -42.4% |
| Furniture and vehicles | 24 | €6,905 | €3,977 | -€2,928 | -42.4% |
| Current assets | 29/58 | €73,975 | €69,315 | -€4,659 | -6.3% |
| Cash at bank and in hand | 54/58 | €25,826 | €26,782 | +€956 | +3.7% |
| Deferred charges and accrued income | 490/1 | €48,149 | €42,533 | -€5,616 | -11.7% |
| Total equity and liabilities | 10/49 | €228,482 | €195,895 | -€32,588 | -14.3% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €228,382 | €195,795 | -€32,588 | -14.3% |
| Amounts payable after more than one year | 17 | €59,345 | €33,146 | -€26,198 | -44.1% |
| Financial debts | 170/4 | €59,345 | €33,146 | -€26,198 | -44.1% |
| Amounts payable within one year | 42/48 | €169,038 | €162,648 | -€6,389 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €25,918 | €26,198 | +€280 | +1.1% |
| Trade debts | 44 | €88 | €661 | +€573 | +655% |
| Suppliers | 440/4 | €88 | €661 | +€573 | +655% |
| Taxes, remuneration and social security | 45 | €10,137 | €9,250 | -€887 | -8.7% |
| Taxes | 450/3 | €7,637 | €6,750 | -€887 | -11.6% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €132,895 | €126,539 | -€6,356 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,192 | €27,928 | -€264 | -0.9% |
| Other operating charges | 640/8 | €751 | €775 | +€24 | +3.3% |
| Gross operating margin | 9900 | €138,266 | €134,539 | -€3,726 | -2.7% |
| Operating profit (loss) | 9901 | €109,323 | €105,836 | -€3,487 | -3.2% |
| Financial charges | 65/66B | €2,279 | €1,882 | -€398 | -17.4% |
| Recurring financial charges | 65 | €2,279 | €1,882 | -€398 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €107,044 | €103,954 | -€3,089 | -2.9% |
| Income taxes | 67/77 | €22,637 | €21,750 | -€887 | -3.9% |
| Profit (loss) for the period | 9904 | €84,407 | €82,204 | -€2,203 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €84,407 | €82,204 | -€2,203 | -2.6% |
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 17 October 2026 via checked.be.