Dr. Peter Piessens: 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 Piessens
Largest movements
- Cash -€255,639
down €255,639 (-88.6%), from €288,400 to €32,761
mainly Contributions, distributions and other (-€680,000) and Tax, wage and social debts (-€11,151)
- Deferred charges and accrued income -€14,269
down €14,269 (-14.8%), from €96,689 to €82,420
- Profit (loss) carried forward -€451,752
down €451,752 (-99.7%), from €453,000 to €1,248
- Other debts +€195,000
new in 2025: €195,000
- Tax, wage and social debts -€11,151
down €11,151 (-73.4%), from €15,183 to €4,032
- Gross operating margin +€5,201
up €5,201 (+1.7%), from €297,726 to €302,927
- Financial income -€3,650
no longer reported in 2025 (was €3,650)
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 | €490,634 | €222,636 | -€267,998 | -54.6% |
| Fixed assets | 21/28 | €792 | €1,930 | +€1,138 | +144% |
| Tangible fixed assets | 22/27 | €792 | €1,930 | +€1,138 | +144% |
| Plant, machinery and equipment | 23 | - | €1,487 | +€1,487 | |
| Furniture and vehicles | 24 | €792 | €443 | -€349 | -44.1% |
| Current assets | 29/58 | €489,842 | €220,706 | -€269,137 | -54.9% |
| Amounts receivable within one year | 40/41 | €4,753 | €5,525 | +€772 | +16.2% |
| Other amounts receivable | 41 | €4,753 | €5,525 | +€772 | +16.2% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €288,400 | €32,761 | -€255,639 | -88.6% |
| Deferred charges and accrued income | 490/1 | €96,689 | €82,420 | -€14,269 | -14.8% |
| Total equity and liabilities | 10/49 | €490,634 | €222,636 | -€267,998 | -54.6% |
| Equity | 10/15 | €473,460 | €21,708 | -€451,752 | -95.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €453,000 | €1,248 | -€451,752 | -99.7% |
| Amounts payable | 17/49 | €17,174 | €200,928 | +€183,754 | +1,070% |
| Amounts payable within one year | 42/48 | €15,496 | €199,032 | +€183,536 | +1,184% |
| Trade debts | 44 | €314 | - | -€314 | |
| Suppliers | 440/4 | €314 | - | -€314 | |
| Taxes, remuneration and social security | 45 | €15,183 | €4,032 | -€11,151 | -73.4% |
| Taxes | 450/3 | €15,183 | €4,032 | -€11,151 | -73.4% |
| Other amounts payable | 47/48 | - | €195,000 | +€195,000 | |
| Accrued charges and deferred income | 492/3 | €1,678 | €1,896 | +€218 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €942 | +€497 | +112% |
| Other operating charges | 640/8 | €1,702 | €2,310 | +€609 | +35.8% |
| Gross operating margin | 9900 | €297,726 | €302,927 | +€5,201 | +1.7% |
| Operating profit (loss) | 9901 | €295,580 | €299,675 | +€4,095 | +1.4% |
| Financial income | 75/76B | €3,650 | - | -€3,650 | |
| Recurring financial income | 75 | €3,650 | - | -€3,650 | |
| Financial charges | 65/66B | €256 | €155 | -€101 | -39.5% |
| Recurring financial charges | 65 | €256 | €155 | -€101 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €298,974 | €299,520 | +€546 | +0.2% |
| Income taxes | 67/77 | €72,754 | €71,272 | -€1,481 | -2.0% |
| Profit (loss) for the period | 9904 | €226,221 | €228,248 | +€2,027 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €226,221 | €228,248 | +€2,027 | +0.9% |
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 15 October 2026 via checked.be.