DOCTEUR BAUGNEE: 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 BAUGNEE
Largest movements
- Tangible fixed assets +€51,078
up €51,078 (+18.9%), from €270,881 to €321,959
of which Furniture and vehicles: +€35,008
- Receivables within one year -€28,064
down €28,064 (-10.5%), from €266,260 to €238,196
of which Other amounts receivable: -€14,825
- Reserves +€39,929
up €39,929 (+11.9%), from €336,858 to €376,787
of which Distributable reserves: +€39,929
- Debts after one year -€12,796
down €12,796 (-11.3%), from €112,984 to €100,188
- Depreciation +€6,784
up €6,784 (+27.1%), from €25,036 to €31,820
- Taxes -€6,191
down €6,191 (-15.0%), from €41,145 to €34,954
- Gross operating margin -€5,371
down €5,371 (-3.4%), from €157,437 to €152,066
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 | €606,966 | €632,127 | +€25,161 | +4.1% |
| Fixed assets | 21/28 | €270,971 | €322,049 | +€51,078 | +18.9% |
| Tangible fixed assets | 22/27 | €270,881 | €321,959 | +€51,078 | +18.9% |
| Land and buildings | 22 | €242,088 | €231,099 | -€10,989 | -4.5% |
| Plant, machinery and equipment | 23 | €11,425 | €40,255 | +€28,830 | +252% |
| Furniture and vehicles | 24 | €12,746 | €47,754 | +€35,008 | +275% |
| Other tangible fixed assets | 26 | €4,622 | €2,851 | -€1,770 | -38.3% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €335,995 | €310,078 | -€25,917 | -7.7% |
| Amounts receivable within one year | 40/41 | €266,260 | €238,196 | -€28,064 | -10.5% |
| Trade receivables | 40 | €91,323 | €78,084 | -€13,239 | -14.5% |
| Other amounts receivable | 41 | €174,936 | €160,112 | -€14,825 | -8.5% |
| Cash at bank and in hand | 54/58 | €61,768 | €65,364 | +€3,596 | +5.8% |
| Deferred charges and accrued income | 490/1 | €7,968 | €6,518 | -€1,450 | -18.2% |
| Total equity and liabilities | 10/49 | €606,966 | €632,127 | +€25,161 | +4.1% |
| Equity | 10/15 | €351,481 | €391,410 | +€39,929 | +11.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €336,858 | €376,787 | +€39,929 | +11.9% |
| 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 | €334,998 | €374,927 | +€39,929 | +11.9% |
| Profit (loss) carried forward | 14 | €2,223 | €2,223 | = | 0.0% |
| Amounts payable | 17/49 | €255,485 | €240,717 | -€14,768 | -5.8% |
| Amounts payable after more than one year | 17 | €112,984 | €100,188 | -€12,796 | -11.3% |
| Financial debts | 170/4 | €112,984 | €100,188 | -€12,796 | -11.3% |
| Amounts payable within one year | 42/48 | €139,816 | €137,845 | -€1,971 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €42,275 | €43,970 | +€1,695 | +4.0% |
| Trade debts | 44 | €6,089 | €7,271 | +€1,182 | +19.4% |
| Suppliers | 440/4 | €6,089 | €7,271 | +€1,182 | +19.4% |
| Taxes, remuneration and social security | 45 | €43,838 | €41,004 | -€2,834 | -6.5% |
| Taxes | 450/3 | €43,838 | €41,004 | -€2,834 | -6.5% |
| Other amounts payable | 47/48 | €47,614 | €45,600 | -€2,014 | -4.2% |
| Accrued charges and deferred income | 492/3 | €2,686 | €2,685 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,036 | €31,820 | +€6,784 | +27.1% |
| Other operating charges | 640/8 | €2,895 | €2,956 | +€61 | +2.1% |
| Gross operating margin | 9900 | €157,437 | €152,066 | -€5,371 | -3.4% |
| Operating profit (loss) | 9901 | €129,506 | €117,290 | -€12,216 | -9.4% |
| Financial income | 75/76B | €10,500 | €9,449 | -€1,051 | -10.0% |
| Recurring financial income | 75 | €10,500 | €9,449 | -€1,051 | -10.0% |
| Financial charges | 65/66B | €3,918 | €3,856 | -€62 | -1.6% |
| Recurring financial charges | 65 | €3,918 | €3,856 | -€62 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €136,088 | €122,883 | -€13,205 | -9.7% |
| Income taxes | 67/77 | €41,145 | €34,954 | -€6,191 | -15.0% |
| Profit (loss) for the period | 9904 | €94,943 | €87,929 | -€7,014 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,943 | €87,929 | -€7,014 | -7.4% |
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 25 October 2026 via checked.be.