Peeters Koen,Dr.: 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.
Peeters Koen,Dr.
Largest movements
- Receivables within one year +€330,880
up €330,880 (+591%), from €55,946 to €386,826
of which Other amounts receivable: +€330,880
- Current investments -€253,442
no longer reported in 2025 (was €253,442)
- Cash -€17,876
down €17,876 (-2.4%), from €743,442 to €725,567
mainly Receivables within one year (-€330,880)
- Reserves +€31,005
up €31,005 (+2.8%), from €1.1m to €1.1m
of which Distributable reserves: +€31,005
- Tax, wage and social debts +€16,623
up €16,623 (+107%), from €15,491 to €32,114
- Gross operating margin -€133,089
down €133,089 (-74.2%), from €179,485 to €46,395
- Taxes -€18,868
down €18,868 (-53.2%), from €35,491 to €16,623
- Financial income +€13,384
up €13,384, from €0 to €13,384
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 | €1,063,899 | €1,114,294 | +€50,395 | +4.7% |
| Fixed assets | 21/28 | €11,069 | €1,902 | -€9,168 | -82.8% |
| Tangible fixed assets | 22/27 | €11,069 | €1,902 | -€9,168 | -82.8% |
| Plant, machinery and equipment | 23 | €1,545 | - | -€1,545 | |
| Furniture and vehicles | 24 | €9,524 | €1,902 | -€7,622 | -80.0% |
| Current assets | 29/58 | €1,052,830 | €1,112,393 | +€59,563 | +5.7% |
| Amounts receivable within one year | 40/41 | €55,946 | €386,826 | +€330,880 | +591% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €55,946 | €386,826 | +€330,880 | +591% |
| Current investments | 50/53 | €253,442 | - | -€253,442 | |
| Cash at bank and in hand | 54/58 | €743,442 | €725,567 | -€17,876 | -2.4% |
| Total equity and liabilities | 10/49 | €1,063,899 | €1,114,294 | +€50,395 | +4.7% |
| Equity | 10/15 | €1,046,412 | €1,077,417 | +€31,005 | +3.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,090,385 | €1,121,390 | +€31,005 | +2.8% |
| Tax-exempt reserves | 132 | €28,530 | €28,530 | = | 0.0% |
| Distributable reserves | 133 | €1,061,855 | €1,092,860 | +€31,005 | +2.9% |
| Profit (loss) carried forward | 14 | -€63,973 | -€63,973 | = | 0.0% |
| Amounts payable | 17/49 | €17,488 | €36,877 | +€19,389 | +111% |
| Amounts payable within one year | 42/48 | €17,488 | €36,877 | +€19,389 | +111% |
| Taxes, remuneration and social security | 45 | €15,491 | €32,114 | +€16,623 | +107% |
| Taxes | 450/3 | €15,491 | €32,114 | +€16,623 | +107% |
| Other amounts payable | 47/48 | €1,997 | €4,763 | +€2,766 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,625 | €9,168 | -€457 | -4.7% |
| Other operating charges | 640/8 | €2,072 | €557 | -€1,515 | -73.1% |
| Gross operating margin | 9900 | €179,485 | €46,395 | -€133,089 | -74.2% |
| Operating profit (loss) | 9901 | €167,788 | €36,671 | -€131,118 | -78.1% |
| Financial income | 75/76B | €0 | €13,384 | +€13,384 | |
| Recurring financial income | 75 | €0 | €13,384 | +€13,384 | |
| Financial charges | 65/66B | €828 | €2,426 | +€1,598 | +193% |
| Recurring financial charges | 65 | €828 | €2,426 | +€1,598 | +193% |
| Profit (loss) for the period before taxes | 9903 | €166,960 | €47,628 | -€119,332 | -71.5% |
| Income taxes | 67/77 | €35,491 | €16,623 | -€18,868 | -53.2% |
| Profit (loss) for the period | 9904 | €131,470 | €31,005 | -€100,464 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €131,470 | €31,005 | -€100,464 | -76.4% |
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 23 October 2026 via checked.be.