PEETERS Philippe: 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.
What changed
PEETERS Philippe
NACE 75.000, Veterinary services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€38,722
2024 · -€72,973+€111,695
Equity
€971,372
2024 · €932,650+€38,722
Cash
€220,939
2024 · €186,276+€34,663
Balance sheet total
€4.7m
2024 · €4.5m+€170,463
Largest movements
Assets
- Receivables within one year +€92,426
up €92,426 (+119.1%), from €77,573 to €169,998
Equity and liabilities
- Accrued charges and deferred income +€71,195
new in 2025: €71,195
Income statement
- Gross operating margin +€107,775
up €107,775 (+242.1%), from €44,517 to €152,292
- Financial charges -€3,816
down €3,816 (-3.9%), from €98,145 to €94,329
- Depreciation -€2,322
down €2,322 (-21.5%), from €10,817 to €8,495
- Other operating charges +€2,088
up €2,088 (+25.8%), from €8,083 to €10,172
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.
Result 2024
-€72,973
Gross operating margin
+€107,775
Depreciation
+€2,322
Other operating charges
-€2,088
Financial income
+€0
Financial charges
+€3,816
Taxes
-€131
Result 2025
€38,722
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.
From operations
+€42,491
Investment
-€50,025
Financing
+€42,197
Cash 2024
€186,276
From operations (derived)
+€42,491
Net result for the year
+€38,722
Depreciation
+€8,495
Stocks and contracts
-€336
Receivables within one year
-€92,426
Deferred charges and accrued income
-€1,509
Trade debts
+€11,563
Tax, wage and social debts
+€1,627
Other debts
+€5,159
Accrued charges and deferred income
+€71,195
Investment (derived)
-€50,025
Investment in fixed assets (net)
-€50,025
Financing
+€42,197
Debts after one year
+€34,853
Current portion of long-term debt
+€7,344
Cash 2025
€220,939
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,490,294 | €4,660,757 | +€170,463 | +3.8% |
| Fixed assets | 21/28 | €4,222,601 | €4,264,130 | +€41,530 | +1.0% |
| Tangible fixed assets | 22/27 | €4,222,601 | €4,264,130 | +€41,530 | +1.0% |
| Land and buildings | 22 | €4,215,563 | €4,215,563 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €3,611 | +€3,611 | |
| Furniture and vehicles | 24 | €341 | €50 | -€291 | -85.3% |
| Leasing and similar rights | 25 | €694 | €41,021 | +€40,327 | +5814.6% |
| Other tangible fixed assets | 26 | €6,003 | €3,885 | -€2,118 | -35.3% |
| Current assets | 29/58 | €267,693 | €396,627 | +€128,933 | +48.2% |
| Stocks and contracts in progress | 3 | €2,895 | €3,230 | +€336 | +11.6% |
| Stocks | 30/36 | €2,895 | €3,230 | +€336 | +11.6% |
| Amounts receivable within one year | 40/41 | €77,573 | €169,998 | +€92,426 | +119.1% |
| Trade receivables | 40 | €77,573 | €169,998 | +€92,426 | +119.1% |
| Cash at bank and in hand | 54/58 | €186,276 | €220,939 | +€34,663 | +18.6% |
| Deferred charges and accrued income | 490/1 | €949 | €2,459 | +€1,509 | +158.9% |
| Total equity and liabilities | 10/49 | €4,490,294 | €4,660,757 | +€170,463 | +3.8% |
| Equity | 10/15 | €932,650 | €971,372 | +€38,722 | +4.2% |
| Contributions | 10/11 | €745,626 | €745,626 | = | 0.0% |
| Reserves | 13 | €223,538 | €225,747 | +€2,209 | +1.0% |
| Non-distributable reserves | 130/1 | €6,810 | €6,810 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,810 | €6,810 | = | 0.0% |
| Distributable reserves | 133 | €216,728 | €218,937 | +€2,209 | +1.0% |
| Profit (loss) carried forward | 14 | -€36,513 | - | +€36,513 | |
| Amounts payable | 17/49 | €3,557,643 | €3,689,384 | +€131,741 | +3.7% |
| Amounts payable after more than one year | 17 | €2,765,320 | €2,800,172 | +€34,853 | +1.3% |
| Financial debts | 170/4 | €14,235 | €1,095 | -€13,140 | -92.3% |
| Trade debts | 175 | €897,957 | €860,174 | -€37,782 | -4.2% |
| Advances received on contracts in progress | 176 | €1,853,128 | €1,798,903 | -€54,225 | -2.9% |
| Other amounts payable | 178/9 | - | €140,000 | +€140,000 | |
| Amounts payable within one year | 42/48 | €792,324 | €818,017 | +€25,694 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €331,380 | €338,724 | +€7,344 | +2.2% |
| Trade debts | 44 | €5,033 | €16,597 | +€11,563 | +229.7% |
| Suppliers | 440/4 | €5,033 | €16,597 | +€11,563 | +229.7% |
| Taxes, remuneration and social security | 45 | €8,819 | €10,446 | +€1,627 | +18.4% |
| Taxes | 450/3 | €8,819 | €10,446 | +€1,627 | +18.4% |
| Other amounts payable | 47/48 | €447,092 | €452,251 | +€5,159 | +1.2% |
| Accrued charges and deferred income | 492/3 | - | €71,195 | +€71,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,817 | €8,495 | -€2,322 | -21.5% |
| Other operating charges | 640/8 | €8,083 | €10,172 | +€2,088 | +25.8% |
| Gross operating margin | 9900 | €44,517 | €152,292 | +€107,775 | +242.1% |
| Operating profit (loss) | 9901 | €25,616 | €133,625 | +€108,009 | +421.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €98,145 | €94,329 | -€3,816 | -3.9% |
| Recurring financial charges | 65 | €98,145 | €94,329 | -€3,816 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€72,529 | €39,296 | +€111,826 | |
| Income taxes | 67/77 | €444 | €574 | +€131 | +29.5% |
| Profit (loss) for the period | 9904 | -€72,973 | €38,722 | +€111,695 | |
| Profit (loss) for the period to be appropriated | 9905 | -€72,973 | €38,722 | +€111,695 |
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 8 October 2026 via checked.be.