Doc Maes: 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.
Doc Maes
Largest movements
- Deferred charges and accrued income +€32,812
up €32,812 (+99.6%), from €32,960 to €65,772
- Receivables within one year -€15,910
down €15,910 (-100.0%), from €15,910 to €0
- Cash +€11,106
up €11,106 (+30.3%), from €36,602 to €47,709
mainly Other debts (+€104,257) and Net result for the year (+€96,341)
- Tangible fixed assets -€9,279
down €9,279 (-19.1%), from €48,584 to €39,305
- Other debts +€104,257
up €104,257, from €0 to €104,257
- Profit (loss) carried forward -€71,940
down €71,940 (-100.0%), from €71,940 to €0
- Debts after one year -€10,000
down €10,000 (-29.3%), from €34,167 to €24,167
- Tax, wage and social debts -€4,457
down €4,457 (-41.0%), from €10,873 to €6,416
- Gross operating margin +€99,496
up €99,496 (+265.3%), from €37,509 to €137,005
- Taxes +€16,901
up €16,901 (+182.6%), from €9,258 to €26,158
- Depreciation +€4,844
up €4,844 (+64.3%), from €7,537 to €12,381
- Financial income -€2,792
down €2,792 (-99.8%), from €2,798 to €6
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €134,057 | €152,786 | +€18,729 | +14.0% |
| Fixed assets | 21/28 | €48,584 | €39,305 | -€9,279 | -19.1% |
| Tangible fixed assets | 22/27 | €48,584 | €39,305 | -€9,279 | -19.1% |
| Furniture and vehicles | 24 | €48,584 | €39,305 | -€9,279 | -19.1% |
| Current assets | 29/58 | €85,473 | €113,481 | +€28,008 | +32.8% |
| Amounts receivable within one year | 40/41 | €15,910 | €0 | -€15,910 | -100.0% |
| Other amounts receivable | 41 | €15,910 | €0 | -€15,910 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,602 | €47,709 | +€11,106 | +30.3% |
| Deferred charges and accrued income | 490/1 | €32,960 | €65,772 | +€32,812 | +99.6% |
| Total equity and liabilities | 10/49 | €134,057 | €152,786 | +€18,729 | +14.0% |
| Equity | 10/15 | €74,440 | €2,500 | -€71,940 | -96.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,940 | €0 | -€71,940 | -100.0% |
| Amounts payable | 17/49 | €59,617 | €150,286 | +€90,669 | +152.1% |
| Amounts payable after more than one year | 17 | €34,167 | €24,167 | -€10,000 | -29.3% |
| Financial debts | 170/4 | €34,167 | €24,167 | -€10,000 | -29.3% |
| Amounts payable within one year | 42/48 | €24,422 | €123,623 | +€99,200 | +406.2% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €3,550 | €2,950 | -€600 | -16.9% |
| Suppliers | 440/4 | €3,550 | €2,950 | -€600 | -16.9% |
| Taxes, remuneration and social security | 45 | €10,873 | €6,416 | -€4,457 | -41.0% |
| Taxes | 450/3 | €10,873 | €6,416 | -€4,457 | -41.0% |
| Other amounts payable | 47/48 | €0 | €104,257 | +€104,257 | |
| Accrued charges and deferred income | 492/3 | €1,028 | €2,497 | +€1,469 | +142.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,537 | €12,381 | +€4,844 | +64.3% |
| Other operating charges | 640/8 | €928 | €400 | -€528 | -56.9% |
| Gross operating margin | 9900 | €37,509 | €137,005 | +€99,496 | +265.3% |
| Operating profit (loss) | 9901 | €29,044 | €124,224 | +€95,180 | +327.7% |
| Financial income | 75/76B | €2,798 | €6 | -€2,792 | -99.8% |
| Recurring financial income | 75 | €2,798 | €6 | -€2,792 | -99.8% |
| Financial charges | 65/66B | €1,089 | €1,731 | +€642 | +58.9% |
| Recurring financial charges | 65 | €1,089 | €1,731 | +€642 | +58.9% |
| Profit (loss) for the period before taxes | 9903 | €30,753 | €122,499 | +€91,746 | +298.3% |
| Income taxes | 67/77 | €9,258 | €26,158 | +€16,901 | +182.6% |
| Profit (loss) for the period | 9904 | €21,496 | €96,341 | +€74,846 | +348.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,496 | €96,341 | +€74,846 | +348.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.