DOCTEUR BORLEE: what changed
DOCTEUR BORLEE
Largest movements
- Receivables after one year -€29,772
down €29,772 (-100%), from €29,772 to €0
- Receivables within one year +€15,829
up €15,829 (+163%), from €9,730 to €25,560
of which Other amounts receivable: +€9,172
- Tangible fixed assets -€14,167
down €14,167 (-14.2%), from €99,630 to €85,463
of which Furniture and vehicles: -€22,249
- Cash -€10,032
down €10,032 (-20.9%), from €47,939 to €37,908
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€15,829)
- Deferred charges and accrued income +€7,506
up €7,506 (+214%), from €3,499 to €11,005
- Reserves -€31,918
down €31,918 (-15.2%), from €209,756 to €177,838
of which Distributable reserves: -€31,918
- Current portion of long-term debt +€13,948
up €13,948 (+80.2%), from €17,391 to €31,339
- Tax, wage and social debts -€12,466
down €12,466 (-52.9%), from €23,583 to €11,117
of which Taxes: -€10,704
- Other debts +€11,479
up €11,479 (+291%), from €3,939 to €15,418
- Debts after one year -€10,113
down €10,113 (-21.3%), from €47,459 to €37,346
- Purchases and services +€21,841
up €21,841 (+11.3%), from €193,365 to €215,206
- Other operating charges -€20,992
down €20,992 (-94.8%), from €22,143 to €1,151
- Gross operating margin -€20,694
down €20,694 (-15.9%), from €130,361 to €109,667
- Staff costs +€11,607
up €11,607 (+25.2%), from €46,050 to €57,657
- Turnover +€5,123
up €5,123 (+1.7%), from €301,367 to €306,490
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 | €325,846 | €295,211 | -€30,636 | -9.4% |
| Fixed assets | 21/28 | €100,630 | €86,463 | -€14,167 | -14.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €99,630 | €85,463 | -€14,167 | -14.2% |
| Plant, machinery and equipment | 23 | €0 | €5,281 | +€5,281 | |
| Furniture and vehicles | 24 | €81,484 | €59,235 | -€22,249 | -27.3% |
| Other tangible fixed assets | 26 | €18,146 | €20,948 | +€2,802 | +15.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €225,216 | €208,747 | -€16,469 | -7.3% |
| Amounts receivable after more than one year | 29 | €29,772 | €0 | -€29,772 | -100% |
| Other amounts receivable | 291 | €29,772 | €0 | -€29,772 | -100% |
| Amounts receivable within one year | 40/41 | €9,730 | €25,560 | +€15,829 | +163% |
| Trade receivables | 40 | €4,488 | €11,145 | +€6,657 | +148% |
| Other amounts receivable | 41 | €5,243 | €14,415 | +€9,172 | +175% |
| Current investments | 50/53 | €134,275 | €134,275 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €47,939 | €37,908 | -€10,032 | -20.9% |
| Deferred charges and accrued income | 490/1 | €3,499 | €11,005 | +€7,506 | +214% |
| Total equity and liabilities | 10/49 | €325,846 | €295,211 | -€30,636 | -9.4% |
| Equity | 10/15 | €231,872 | €199,954 | -€31,918 | -13.8% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €209,756 | €177,838 | -€31,918 | -15.2% |
| Non-distributable reserves | 130/1 | €134,275 | €134,275 | = | 0.0% |
| Own shares acquired | 1312 | €134,275 | €134,275 | = | 0.0% |
| Distributable reserves | 133 | €75,481 | €43,563 | -€31,918 | -42.3% |
| Profit (loss) carried forward | 14 | €20,516 | €20,516 | = | 0.0% |
| Amounts payable | 17/49 | €93,974 | €95,256 | +€1,282 | +1.4% |
| Amounts payable after more than one year | 17 | €47,459 | €37,346 | -€10,113 | -21.3% |
| Financial debts | 170/4 | €47,459 | €37,346 | -€10,113 | -21.3% |
| Amounts payable within one year | 42/48 | €46,515 | €57,910 | +€11,396 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €17,391 | €31,339 | +€13,948 | +80.2% |
| Trade debts | 44 | €1,602 | €37 | -€1,565 | -97.7% |
| Suppliers | 440/4 | €1,602 | €37 | -€1,565 | -97.7% |
| Taxes, remuneration and social security | 45 | €23,583 | €11,117 | -€12,466 | -52.9% |
| Taxes | 450/3 | €13,420 | €2,716 | -€10,704 | -79.8% |
| Remuneration and social security | 454/9 | €10,163 | €8,401 | -€1,762 | -17.3% |
| Other amounts payable | 47/48 | €3,939 | €15,418 | +€11,479 | +291% |
| Turnover | 70 | €301,367 | €306,490 | +€5,123 | +1.7% |
| Non-recurring operating income | 76A | - | €6,358 | +€6,358 | |
| Goods, raw materials, services and sundry goods | 60/61 | €193,365 | €215,206 | +€21,841 | +11.3% |
| Remuneration, social security and pensions | 62 | €46,050 | €57,657 | +€11,607 | +25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,466 | €22,327 | -€1,139 | -4.9% |
| Other operating charges | 640/8 | €22,143 | €1,151 | -€20,992 | -94.8% |
| Non-recurring operating charges | 66A | €549 | - | -€549 | |
| Gross operating margin | 9900 | €130,361 | €109,667 | -€20,694 | -15.9% |
| Operating profit (loss) | 9901 | €38,153 | €28,532 | -€9,621 | -25.2% |
| Financial income | 75/76B | €3,129 | €1,171 | -€1,958 | -62.6% |
| Recurring financial income | 75 | €1,183 | €1,171 | -€12 | -1.0% |
| Non-recurring financial income | 76B | €1,946 | - | -€1,946 | |
| Financial charges | 65/66B | €2,380 | €2,553 | +€173 | +7.3% |
| Recurring financial charges | 65 | €2,380 | €2,553 | +€173 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €38,902 | €27,150 | -€11,752 | -30.2% |
| Income taxes | 67/77 | €13,420 | €9,068 | -€4,352 | -32.4% |
| Profit (loss) for the period | 9904 | €25,481 | €18,082 | -€7,400 | -29.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,481 | €18,082 | -€7,400 | -29.0% |
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 2 November 2026 via checked.be.