PETER LAVENS: 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.
What changed
PETER LAVENS
NACE 86.940, Nursing and midwifery
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€156,430
2024 · €106,045+€50,385
Equity
€921,849
2024 · €767,084+€154,764
Cash
€316,875
2024 · €100,472+€216,403
Balance sheet total
€1.8m
2024 · €1.8m+€5,015
Largest movements
Assets
- Cash +€216,403
up €216,403 (+215%), from €100,472 to €316,875
mainly Net result for the year (+€156,430) and Investment in fixed assets (net) (+€126,528)
- Tangible fixed assets -€215,407
down €215,407 (-14.2%), from €1.5m to €1.3m
of which Land and buildings: -€201,279
Equity and liabilities
- Reserves +€154,764
up €154,764 (+20.7%), from €748,492 to €903,257
of which Distributable reserves: +€121,533
- Debts after one year -€79,846
down €79,846 (-12.1%), from €657,294 to €577,448
- Other debts -€71,601
down €71,601 (-96.7%), from €74,076 to €2,475
Income statement
- Depreciation -€101,652
down €101,652 (-53.4%), from €190,530 to €88,879
- Gross operating margin -€30,607
down €30,607 (-5.5%), from €557,298 to €526,691
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
€106,045
Gross operating margin
-€30,607
Staff costs
-€1,099
Depreciation
+€101,652
Other operating charges
+€302
Financial income
-€1,000
Financial charges
-€2,049
Taxes
+€4,412
Deferred taxes and other
-€21,225
Result 2025
€156,430
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€168,823
Investment
+€125,202
Financing
-€77,622
Cash 2024
€100,472
From operations (derived)
+€168,823
Net result for the year
+€156,430
Depreciation
+€88,879
Receivables within one year
-€2,710
Smaller working-capital items
+€10
Provisions
+€8,795
Trade debts
-€6,253
Tax, wage and social debts
-€4,727
Other debts
-€71,601
Investment (derived)
+€125,202
Investment in fixed assets (net)
+€126,528
Current investments
-€1,326
Financing
-€77,622
Debts after one year
-€79,846
Current portion of long-term debt
+€3,890
Contributions, distributions and other
-€1,666
Cash 2025
€316,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,773,197 | €1,778,212 | +€5,015 | +0.3% |
| Fixed assets | 21/28 | €1,514,372 | €1,298,965 | -€215,407 | -14.2% |
| Tangible fixed assets | 22/27 | €1,514,372 | €1,298,965 | -€215,407 | -14.2% |
| Land and buildings | 22 | €1,421,866 | €1,220,587 | -€201,279 | -14.2% |
| Plant, machinery and equipment | 23 | €970 | €840 | -€130 | -13.4% |
| Furniture and vehicles | 24 | €91,536 | €77,538 | -€13,998 | -15.3% |
| Current assets | 29/58 | €258,825 | €479,247 | +€220,422 | +85.2% |
| Amounts receivable within one year | 40/41 | €110,668 | €113,378 | +€2,710 | +2.4% |
| Other amounts receivable | 41 | €110,668 | €113,378 | +€2,710 | +2.4% |
| Current investments | 50/53 | €45,490 | €46,816 | +€1,326 | +2.9% |
| Cash at bank and in hand | 54/58 | €100,472 | €316,875 | +€216,403 | +215% |
| Deferred charges and accrued income | 490/1 | €2,195 | €2,178 | -€17 | -0.8% |
| Total equity and liabilities | 10/49 | €1,773,197 | €1,778,212 | +€5,015 | +0.3% |
| Equity | 10/15 | €767,084 | €921,849 | +€154,764 | +20.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €748,492 | €903,257 | +€154,764 | +20.7% |
| Tax-exempt reserves | 132 | €70,370 | €103,602 | +€33,232 | +47.2% |
| Distributable reserves | 133 | €678,122 | €799,654 | +€121,533 | +17.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €31,839 | €40,635 | +€8,795 | +27.6% |
| Deferred taxes | 168 | €31,839 | €40,635 | +€8,795 | +27.6% |
| Amounts payable | 17/49 | €974,274 | €815,729 | -€158,545 | -16.3% |
| Amounts payable after more than one year | 17 | €657,294 | €577,448 | -€79,846 | -12.1% |
| Financial debts | 170/4 | €657,294 | €577,448 | -€79,846 | -12.1% |
| Amounts payable within one year | 42/48 | €279,499 | €200,807 | -€78,692 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €97,602 | €101,491 | +€3,890 | +4.0% |
| Trade debts | 44 | €19,140 | €12,887 | -€6,253 | -32.7% |
| Suppliers | 440/4 | €19,140 | €12,887 | -€6,253 | -32.7% |
| Advances received on contracts in progress | 46 | €50,000 | €50,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €38,681 | €33,954 | -€4,727 | -12.2% |
| Taxes | 450/3 | €7,842 | €2,603 | -€5,239 | -66.8% |
| Remuneration and social security | 454/9 | €30,839 | €31,351 | +€512 | +1.7% |
| Other amounts payable | 47/48 | €74,076 | €2,475 | -€71,601 | -96.7% |
| Accrued charges and deferred income | 492/3 | €37,481 | €37,474 | -€8 | 0.0% |
| Non-recurring operating income | 76A | €85,661 | €94,009 | +€8,348 | +9.7% |
| Remuneration, social security and pensions | 62 | €181,557 | €182,656 | +€1,099 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €190,530 | €88,879 | -€101,652 | -53.4% |
| Other operating charges | 640/8 | €4,945 | €4,643 | -€302 | -6.1% |
| Gross operating margin | 9900 | €557,298 | €526,691 | -€30,607 | -5.5% |
| Operating profit (loss) | 9901 | €180,266 | €250,514 | +€70,247 | +39.0% |
| Financial income | 75/76B | €1,603 | €603 | -€1,000 | -62.4% |
| Recurring financial income | 75 | €1,603 | €603 | -€1,000 | -62.4% |
| Financial charges | 65/66B | €19,884 | €21,932 | +€2,049 | +10.3% |
| Recurring financial charges | 65 | €19,884 | €21,932 | +€2,049 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €161,986 | €229,184 | +€67,199 | +41.5% |
| Transfer from deferred taxes | 780 | €12,430 | €11,050 | -€1,380 | -11.1% |
| Transfer to deferred taxes | 680 | - | €19,845 | +€19,845 | |
| Income taxes | 67/77 | €68,371 | €63,958 | -€4,412 | -6.5% |
| Profit (loss) for the period | 9904 | €106,045 | €156,430 | +€50,385 | +47.5% |
| Transfer from tax-exempt reserves | 789 | €28,913 | €26,304 | -€2,609 | -9.0% |
| Transfer to tax-exempt reserves | 689 | - | €59,536 | +€59,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €134,958 | €123,199 | -€11,760 | -8.7% |
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 22 October 2026 via checked.be.