Docteur Adèle Drouguet: 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.
Docteur Adèle Drouguet
Largest movements
- Receivables within one year +€34,725
up €34,725 (+370%), from €9,398 to €44,123
- Cash -€17,690
down €17,690 (-19.6%), from €90,273 to €72,582
mainly Receivables within one year (-€34,725) and Debts after one year (-€7,023)
- Tangible fixed assets -€5,595
down €5,595 (-15.9%), from €35,223 to €29,628
of which Furniture and vehicles: -€8,167
- Reserves +€23,398
up €23,398 (+23.7%), from €98,627 to €122,025
- Debts after one year -€7,023
down €7,023 (-30.3%), from €23,194 to €16,171
- Tax, wage and social debts -€3,000
no longer reported in 2025 (was €3,000)
- Trade debts -€1,637
down €1,637 (-90.6%), from €1,808 to €171
- Gross operating margin -€43,760
down €43,760 (-51.3%), from €85,225 to €41,465
- Taxes -€8,623
down €8,623 (-56.1%), from €15,365 to €6,742
- Depreciation +€870
up €870 (+10.6%), from €8,173 to €9,043
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 | €143,032 | €153,598 | +€10,565 | +7.4% |
| Fixed assets | 21/28 | €35,223 | €29,628 | -€5,595 | -15.9% |
| Tangible fixed assets | 22/27 | €35,223 | €29,628 | -€5,595 | -15.9% |
| Plant, machinery and equipment | 23 | €4,345 | €3,724 | -€621 | -14.3% |
| Furniture and vehicles | 24 | €30,878 | €22,711 | -€8,167 | -26.4% |
| Other tangible fixed assets | 26 | - | €3,193 | +€3,193 | |
| Current assets | 29/58 | €107,809 | €123,970 | +€16,161 | +15.0% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €9,398 | €44,123 | +€34,725 | +370% |
| Other amounts receivable | 41 | €9,398 | €44,123 | +€34,725 | +370% |
| Cash at bank and in hand | 54/58 | €90,273 | €72,582 | -€17,690 | -19.6% |
| Deferred charges and accrued income | 490/1 | €3,139 | €2,265 | -€874 | -27.8% |
| Total equity and liabilities | 10/49 | €143,032 | €153,598 | +€10,565 | +7.4% |
| Equity | 10/15 | €102,627 | €126,025 | +€23,398 | +22.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €98,627 | €122,025 | +€23,398 | +23.7% |
| Distributable reserves | 133 | €98,627 | €122,025 | +€23,398 | +23.7% |
| Amounts payable | 17/49 | €40,406 | €27,573 | -€12,833 | -31.8% |
| Amounts payable after more than one year | 17 | €23,194 | €16,171 | -€7,023 | -30.3% |
| Financial debts | 170/4 | €23,194 | €16,171 | -€7,023 | -30.3% |
| Amounts payable within one year | 42/48 | €17,212 | €11,402 | -€5,810 | -33.8% |
| Current portion of amounts payable after more than one year | 42 | €6,760 | €7,023 | +€264 | +3.9% |
| Trade debts | 44 | €1,808 | €171 | -€1,637 | -90.6% |
| Suppliers | 440/4 | €1,808 | €171 | -€1,637 | -90.6% |
| Taxes, remuneration and social security | 45 | €3,000 | - | -€3,000 | |
| Taxes | 450/3 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €5,644 | €4,208 | -€1,436 | -25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,173 | €9,043 | +€870 | +10.6% |
| Other operating charges | 640/8 | €470 | €358 | -€112 | -23.9% |
| Gross operating margin | 9900 | €85,225 | €41,465 | -€43,760 | -51.3% |
| Operating profit (loss) | 9901 | €76,582 | €32,064 | -€44,518 | -58.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €1,369 | €1,091 | -€278 | -20.3% |
| Recurring financial charges | 65 | €1,369 | €1,091 | -€278 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €75,213 | €30,974 | -€44,240 | -58.8% |
| Income taxes | 67/77 | €15,365 | €6,742 | -€8,623 | -56.1% |
| Profit (loss) for the period | 9904 | €59,848 | €24,231 | -€35,617 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €59,848 | €24,231 | -€35,617 | -59.5% |
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.