DR PETER VAN ERPS: what changed
Two fiscal 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 VAN ERPS
Largest movements
- Cash -€27,891
down €27,891 (-7.6%), from €364,783 to €336,892
mainly Contributions, distributions and other (-€32,000) and Investment in fixed assets (net) (-€13,826)
- Tangible fixed assets -€12,317
down €12,317 (-23.5%), from €52,341 to €40,024
of which Furniture and vehicles: -€18,801
- Receivables within one year +€5,476
up €5,476 (+35.8%), from €15,286 to €20,762
of which Other amounts receivable: +€3,284
- Reserves -€24,199
down €24,199 (-6.4%), from €378,311 to €354,112
- Other debts -€9,434
down €9,434 (-24.5%), from €38,482 to €29,048
- Depreciation -€2,736
down €2,736 (-9.5%), from €28,879 to €26,143
- Gross operating margin -€1,400
down €1,400 (-3.4%), from €40,856 to €39,456
- Taxes -€1,284
down €1,284 (-21.9%), from €5,863 to €4,578
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 | €435,902 | €401,800 | -€34,102 | -7.8% |
| Fixed assets | 21/28 | €53,691 | €41,374 | -€12,317 | -22.9% |
| Tangible fixed assets | 22/27 | €52,341 | €40,024 | -€12,317 | -23.5% |
| Plant, machinery and equipment | 23 | €5,991 | €14,802 | +€8,811 | +147.1% |
| Furniture and vehicles | 24 | €34,878 | €16,077 | -€18,801 | -53.9% |
| Other tangible fixed assets | 26 | €11,472 | €9,145 | -€2,327 | -20.3% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €382,211 | €360,426 | -€21,785 | -5.7% |
| Amounts receivable within one year | 40/41 | €15,286 | €20,762 | +€5,476 | +35.8% |
| Trade receivables | 40 | €1,148 | €3,340 | +€2,192 | +190.9% |
| Other amounts receivable | 41 | €14,137 | €17,422 | +€3,284 | +23.2% |
| Cash at bank and in hand | 54/58 | €364,783 | €336,892 | -€27,891 | -7.6% |
| Deferred charges and accrued income | 490/1 | €2,143 | €2,773 | +€630 | +29.4% |
| Total equity and liabilities | 10/49 | €435,902 | €401,800 | -€34,102 | -7.8% |
| Equity | 10/15 | €396,911 | €372,712 | -€24,199 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €378,311 | €354,112 | -€24,199 | -6.4% |
| Distributable reserves | 133 | €378,311 | €354,112 | -€24,199 | -6.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,991 | €29,088 | -€9,903 | -25.4% |
| Amounts payable within one year | 42/48 | €38,991 | €29,088 | -€9,903 | -25.4% |
| Trade debts | 44 | €509 | €40 | -€469 | -92.2% |
| Suppliers | 440/4 | €509 | €40 | -€469 | -92.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €38,482 | €29,048 | -€9,434 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,879 | €26,143 | -€2,736 | -9.5% |
| Other operating charges | 640/8 | €805 | €781 | -€25 | -3.1% |
| Gross operating margin | 9900 | €40,856 | €39,456 | -€1,400 | -3.4% |
| Operating profit (loss) | 9901 | €11,172 | €12,532 | +€1,360 | +12.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -90.7% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -90.7% |
| Financial charges | 65/66B | €140 | €153 | +€13 | +9.1% |
| Recurring financial charges | 65 | €140 | €153 | +€13 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €11,033 | €12,379 | +€1,346 | +12.2% |
| Income taxes | 67/77 | €5,863 | €4,578 | -€1,284 | -21.9% |
| Profit (loss) for the period | 9904 | €5,170 | €7,801 | +€2,631 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,170 | €7,801 | +€2,631 | +50.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.