DR. PETER GEELEN: what changed
What changed
DR. PETER GEELEN
NACE 86.109, Human health activities
filed annual accounts (NBB)
Net result for the year
€254,977
2024 · €369,678-€114,700
Equity
€1.7m
2024 · €1.6m+€54,031
Cash
€59,921
2024 · €105,834-€45,914
Balance sheet total
€1.7m
2024 · €1.7m+€556
Largest movements
Assets
- Current investments +€76,913
up €76,913 (+5.8%), from €1.3m to €1.4m
- Cash -€45,914
down €45,914 (-43.4%), from €105,834 to €59,921
mainly Contributions, distributions and other (-€200,947) and Current investments (-€76,913)
- Receivables within one year -€19,087
down €19,087 (-9.0%), from €211,145 to €192,058
of which Trade receivables: -€22,425
Equity and liabilities
- Reserves +€54,031
up €54,031 (+3.4%), from €1.6m to €1.6m
of which Distributable reserves: +€54,031
- Tax, wage and social debts -€49,369
down €49,369 (-54.0%), from €91,362 to €41,993
Income statement
- Financial income -€153,720
down €153,720 (-86.0%), from €178,664 to €24,945
- Gross operating margin +€22,691
up €22,691 (+6.4%), from €352,809 to €375,500
- Staff costs -€7,653
no longer reported in 2025 (was €7,653)
- Taxes -€5,843
down €5,843 (-4.8%), from €121,418 to €115,575
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€369,678
Gross operating margin
+€22,691
Staff costs
+€7,653
Depreciation
-€2,319
Other operating charges
+€16
Other operating items
+€4,511
Financial income
-€153,720
Financial charges
+€625
Taxes
+€5,843
Result 2025
€254,977
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€252,310
Investment
-€97,199
Financing
-€201,025
Cash 2024
€105,834
From operations (derived)
+€252,310
Net result for the year
+€254,977
Depreciation
+€25,781
Receivables within one year
+€19,087
Deferred charges and accrued income
+€5,861
Trade debts
-€2,431
Tax, wage and social debts
-€49,369
Accrued charges and deferred income
-€1,596
Investment (derived)
-€97,199
Investment in fixed assets (net)
-€20,285
Current investments
-€76,913
Financing
-€201,025
Short-term financial debts
-€79
Contributions, distributions and other
-€200,947
Cash 2025
€59,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,700,878 | €1,701,434 | +€556 | 0.0% |
| Fixed assets | 21/28 | €55,286 | €49,791 | -€5,495 | -9.9% |
| Tangible fixed assets | 22/27 | €52,786 | €47,291 | -€5,495 | -10.4% |
| Plant, machinery and equipment | 23 | - | €5,587 | +€5,587 | |
| Furniture and vehicles | 24 | €23,917 | €16,806 | -€7,111 | -29.7% |
| Other tangible fixed assets | 26 | €28,869 | €24,898 | -€3,971 | -13.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,645,591 | €1,651,643 | +€6,052 | +0.4% |
| Amounts receivable within one year | 40/41 | €211,145 | €192,058 | -€19,087 | -9.0% |
| Trade receivables | 40 | €156,984 | €134,559 | -€22,425 | -14.3% |
| Other amounts receivable | 41 | €54,161 | €57,499 | +€3,338 | +6.2% |
| Current investments | 50/53 | €1,321,503 | €1,398,416 | +€76,913 | +5.8% |
| Cash at bank and in hand | 54/58 | €105,834 | €59,921 | -€45,914 | -43.4% |
| Deferred charges and accrued income | 490/1 | €7,109 | €1,248 | -€5,861 | -82.4% |
| Total equity and liabilities | 10/49 | €1,700,878 | €1,701,434 | +€556 | 0.0% |
| Equity | 10/15 | €1,602,431 | €1,656,461 | +€54,031 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,583,831 | €1,637,861 | +€54,031 | +3.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,565,081 | €1,619,111 | +€54,031 | +3.5% |
| Amounts payable | 17/49 | €98,447 | €44,972 | -€53,474 | -54.3% |
| Amounts payable within one year | 42/48 | €96,817 | €44,938 | -€51,879 | -53.6% |
| Financial debts | 43 | €283 | €204 | -€79 | -27.8% |
| Credit institutions | 430/8 | €283 | €204 | -€79 | -27.8% |
| Trade debts | 44 | €5,172 | €2,741 | -€2,431 | -47.0% |
| Suppliers | 440/4 | €5,172 | €2,741 | -€2,431 | -47.0% |
| Taxes, remuneration and social security | 45 | €91,362 | €41,993 | -€49,369 | -54.0% |
| Taxes | 450/3 | €91,362 | €41,993 | -€49,369 | -54.0% |
| Accrued charges and deferred income | 492/3 | €1,630 | €34 | -€1,596 | -97.9% |
| Remuneration, social security and pensions | 62 | €7,653 | - | -€7,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,462 | €25,781 | +€2,319 | +9.9% |
| Other operating charges | 640/8 | €1,878 | €1,862 | -€16 | -0.9% |
| Non-recurring operating charges | 66A | €4,518 | €7 | -€4,511 | -99.8% |
| Gross operating margin | 9900 | €352,809 | €375,500 | +€22,691 | +6.4% |
| Operating profit (loss) | 9901 | €315,298 | €347,850 | +€32,552 | +10.3% |
| Financial income | 75/76B | €178,664 | €24,945 | -€153,720 | -86.0% |
| Recurring financial income | 75 | €178,664 | €24,945 | -€153,720 | -86.0% |
| Financial charges | 65/66B | €2,867 | €2,242 | -€625 | -21.8% |
| Recurring financial charges | 65 | €2,867 | €2,242 | -€625 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €491,096 | €370,552 | -€120,543 | -24.5% |
| Income taxes | 67/77 | €121,418 | €115,575 | -€5,843 | -4.8% |
| Profit (loss) for the period | 9904 | €369,678 | €254,977 | -€114,700 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €369,678 | €254,977 | -€114,700 | -31.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.