Dr. Peter Willems: 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 Willems
Largest movements
- Tangible fixed assets -€19,978
down €19,978 (-3.9%), from €510,207 to €490,229
of which Land and buildings: -€19,208
- Cash -€5,587
down €5,587 (-73.0%), from €7,658 to €2,071
mainly Net result for the year (-€19,228) and Other debts (-€7,633)
- Profit (loss) carried forward -€19,228
down €19,228 (-42.7%), from -€45,035 to -€64,263
- Other debts -€7,633
down €7,633 (-1.9%), from €401,236 to €393,603
- Other operating charges +€489
up €489 (+25.9%), from €1,889 to €2,378
- Depreciation -€118
down €118 (-0.6%), from €20,096 to €19,978
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 | €517,865 | €492,300 | -€25,565 | -4.9% |
| Fixed assets | 21/28 | €510,207 | €490,229 | -€19,978 | -3.9% |
| Tangible fixed assets | 22/27 | €510,207 | €490,229 | -€19,978 | -3.9% |
| Land and buildings | 22 | €509,389 | €490,181 | -€19,208 | -3.8% |
| Furniture and vehicles | 24 | €818 | €49 | -€770 | -94.1% |
| Current assets | 29/58 | €7,658 | €2,071 | -€5,587 | -73.0% |
| Cash at bank and in hand | 54/58 | €7,658 | €2,071 | -€5,587 | -73.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €517,865 | €492,300 | -€25,565 | -4.9% |
| Equity | 10/15 | -€13,785 | -€33,013 | -€19,228 | -139% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €18,250 | €18,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,350 | €16,350 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,035 | -€64,263 | -€19,228 | -42.7% |
| Amounts payable | 17/49 | €531,650 | €525,312 | -€6,338 | -1.2% |
| Amounts payable after more than one year | 17 | €121,932 | €125,346 | +€3,414 | +2.8% |
| Financial debts | 170/4 | €121,932 | €125,346 | +€3,414 | +2.8% |
| Amounts payable within one year | 42/48 | €409,718 | €399,966 | -€9,752 | -2.4% |
| Trade debts | 44 | €3,876 | €289 | -€3,587 | -92.5% |
| Suppliers | 440/4 | €3,876 | €289 | -€3,587 | -92.5% |
| Taxes, remuneration and social security | 45 | €4,606 | €6,075 | +€1,469 | +31.9% |
| Taxes | 450/3 | €4,606 | €6,075 | +€1,469 | +31.9% |
| Other amounts payable | 47/48 | €401,236 | €393,603 | -€7,633 | -1.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,096 | €19,978 | -€118 | -0.6% |
| Other operating charges | 640/8 | €1,889 | €2,378 | +€489 | +25.9% |
| Gross operating margin | 9900 | €8,044 | €8,011 | -€33 | -0.4% |
| Operating profit (loss) | 9901 | -€13,941 | -€14,345 | -€404 | -2.9% |
| Financial charges | 65/66B | €4,816 | €4,883 | +€67 | +1.4% |
| Recurring financial charges | 65 | €4,816 | €4,883 | +€67 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,757 | -€19,228 | -€471 | -2.5% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€18,757 | -€19,228 | -€471 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,757 | -€19,228 | -€471 | -2.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.