DR. PIETER CORENS: 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. PIETER CORENS
Largest movements
- Cash +€169,203
up €169,203 (+197%), from €85,825 to €255,028
mainly Net result for the year (+€144,736) and Tax, wage and social debts (+€24,442)
- Receivables within one year -€3,080
down €3,080 (-96.2%), from €3,200 to €120
of which Other amounts receivable: -€3,200
- Reserves +€144,736
up €144,736 (+222%), from €65,203 to €209,939
- Tax, wage and social debts +€24,442
up €24,442 (+132%), from €18,479 to €42,921
- Gross operating margin +€113,951
up €113,951 (+150%), from €76,185 to €190,136
- Taxes +€27,051
up €27,051 (+170%), from €15,870 to €42,921
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 | €90,236 | €258,887 | +€168,651 | +187% |
| Current assets | 29/58 | €90,236 | €258,887 | +€168,651 | +187% |
| Amounts receivable within one year | 40/41 | €3,200 | €120 | -€3,080 | -96.2% |
| Trade receivables | 40 | - | €120 | +€120 | |
| Other amounts receivable | 41 | €3,200 | - | -€3,200 | |
| Cash at bank and in hand | 54/58 | €85,825 | €255,028 | +€169,203 | +197% |
| Deferred charges and accrued income | 490/1 | €1,211 | €3,739 | +€2,528 | +209% |
| Total equity and liabilities | 10/49 | €90,236 | €258,887 | +€168,651 | +187% |
| Equity | 10/15 | €70,203 | €214,939 | +€144,736 | +206% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,203 | €209,939 | +€144,736 | +222% |
| Distributable reserves | 133 | €65,203 | €209,939 | +€144,736 | +222% |
| Amounts payable | 17/49 | €20,033 | €43,949 | +€23,916 | +119% |
| Amounts payable within one year | 42/48 | €19,785 | €43,949 | +€24,163 | +122% |
| Trade debts | 44 | €447 | €827 | +€380 | +84.9% |
| Suppliers | 440/4 | €447 | €827 | +€380 | +84.9% |
| Taxes, remuneration and social security | 45 | €18,479 | €42,921 | +€24,442 | +132% |
| Taxes | 450/3 | €18,479 | €42,921 | +€24,442 | +132% |
| Other amounts payable | 47/48 | €859 | €200 | -€659 | -76.7% |
| Accrued charges and deferred income | 492/3 | €248 | - | -€248 | |
| Other operating charges | 640/8 | €686 | €475 | -€211 | -30.8% |
| Gross operating margin | 9900 | €76,185 | €190,136 | +€113,951 | +150% |
| Operating profit (loss) | 9901 | €75,498 | €189,661 | +€114,162 | +151% |
| Financial income | 75/76B | €72 | €303 | +€232 | +324% |
| Recurring financial income | 75 | €72 | €303 | +€232 | +324% |
| Financial charges | 65/66B | €2,036 | €2,307 | +€271 | +13.3% |
| Recurring financial charges | 65 | €2,036 | €2,307 | +€271 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | €73,533 | €187,657 | +€114,123 | +155% |
| Income taxes | 67/77 | €15,870 | €42,921 | +€27,051 | +170% |
| Profit (loss) for the period | 9904 | €57,663 | €144,736 | +€87,072 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €57,663 | €144,736 | +€87,072 | +151% |
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 26 October 2026 via checked.be.