DOCTEUR BAIZE: what changed
DOCTEUR BAIZE
Largest movements
- Cash -€25,386
down €25,386 (-89.0%), from €28,509 to €3,123
mainly Contributions, distributions and other (-€22,303) and Receivables within one year (-€16,856)
- Receivables within one year +€16,856
up €16,856 (+37.6%), from €44,840 to €61,696
of which Other amounts receivable: +€8,609
- Deferred charges and accrued income -€4,238
down €4,238 (-42.3%), from €10,009 to €5,771
- Tangible fixed assets -€1,650
down €1,650 (-19.9%), from €8,302 to €6,652
of which Furniture and vehicles: -€979
- Other debts -€7,749
down €7,749 (-16.5%), from €47,059 to €39,310
- Trade debts -€6,736
down €6,736 (-89.0%), from €7,568 to €832
- Gross operating margin -€21,080
down €21,080 (-38.3%), from €55,089 to €34,009
- Taxes -€5,042
down €5,042 (-44.1%), from €11,433 to €6,391
- Financial charges +€969
up €969 (+42.2%), from €2,294 to €3,263
of which Non-recurring financial charges: +€937
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €91,660 | €77,242 | -€14,418 | -15.7% |
| Fixed assets | 21/28 | €8,302 | €6,652 | -€1,650 | -19.9% |
| Tangible fixed assets | 22/27 | €8,302 | €6,652 | -€1,650 | -19.9% |
| Furniture and vehicles | 24 | €1,771 | €792 | -€979 | -55.3% |
| Other tangible fixed assets | 26 | €6,531 | €5,860 | -€671 | -10.3% |
| Current assets | 29/58 | €83,358 | €70,590 | -€12,767 | -15.3% |
| Amounts receivable within one year | 40/41 | €44,840 | €61,696 | +€16,856 | +37.6% |
| Trade receivables | 40 | €41,272 | €49,519 | +€8,247 | +20.0% |
| Other amounts receivable | 41 | €3,567 | €12,177 | +€8,609 | +241% |
| Cash at bank and in hand | 54/58 | €28,509 | €3,123 | -€25,386 | -89.0% |
| Deferred charges and accrued income | 490/1 | €10,009 | €5,771 | -€4,238 | -42.3% |
| Total equity and liabilities | 10/49 | €91,660 | €77,242 | -€14,418 | -15.7% |
| Equity | 10/15 | €32,796 | €32,796 | = | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €20,396 | €20,396 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,536 | €18,536 | = | 0.0% |
| Amounts payable | 17/49 | €58,864 | €44,447 | -€14,418 | -24.5% |
| Amounts payable within one year | 42/48 | €58,851 | €44,367 | -€14,485 | -24.6% |
| Trade debts | 44 | €7,568 | €832 | -€6,736 | -89.0% |
| Suppliers | 440/4 | €7,568 | €832 | -€6,736 | -89.0% |
| Taxes, remuneration and social security | 45 | €4,225 | €4,225 | = | 0.0% |
| Taxes | 450/3 | €4,225 | €4,225 | = | 0.0% |
| Other amounts payable | 47/48 | €47,059 | €39,310 | -€7,749 | -16.5% |
| Accrued charges and deferred income | 492/3 | €13 | €80 | +€67 | +522% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €1,652 | +€20 | +1.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €452 | - | -€452 | |
| Gross operating margin | 9900 | €55,089 | €34,009 | -€21,080 | -38.3% |
| Operating profit (loss) | 9901 | €52,617 | €31,957 | -€20,660 | -39.3% |
| Financial charges | 65/66B | €2,294 | €3,263 | +€969 | +42.2% |
| Recurring financial charges | 65 | €2,294 | €2,326 | +€32 | +1.4% |
| Non-recurring financial charges | 66B | - | €937 | +€937 | |
| Profit (loss) for the period before taxes | 9903 | €50,323 | €28,694 | -€21,629 | -43.0% |
| Income taxes | 67/77 | €11,433 | €6,391 | -€5,042 | -44.1% |
| Profit (loss) for the period | 9904 | €38,891 | €22,303 | -€16,587 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,891 | €22,303 | -€16,587 | -42.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.