Docteur BRADATAN: 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 BRADATAN
Largest movements
- Tangible fixed assets +€843,516
up €843,516 (+178%), from €474,604 to €1.3m
of which Land and buildings: +€857,531
- Cash -€180,486
down €180,486 (-71.3%), from €253,037 to €72,551
mainly Investment in fixed assets (net) (-€898,106) and Net result for the year (-€131,513)
- Receivables within one year -€66,172
down €66,172 (-42.0%), from €157,680 to €91,508
of which Trade receivables: -€59,388
- Debts after one year +€520,087
up €520,087 (+458%), from €113,487 to €633,574
- Other debts +€140,678
up €140,678 (+77.4%), from €181,842 to €322,520
- Profit (loss) carried forward -€131,513
down €131,513, from €52,398 to -€79,115
- Current portion of long-term debt +€63,570
up €63,570 (+307%), from €20,681 to €84,251
- Other operating charges +€113,046
up €113,046 (+1,598%), from €7,076 to €120,122
- Financial charges +€71,631
up €71,631 (+96.4%), from €74,309 to €145,939
- Taxes -€26,023
down €26,023 (-99.3%), from €26,201 to €178
- Depreciation +€25,719
up €25,719 (+89.1%), from €28,871 to €54,590
- Gross operating margin -€7,607
down €7,607 (-3.9%), from €196,013 to €188,405
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 | €888,133 | €1,485,639 | +€597,506 | +67.3% |
| Fixed assets | 21/28 | €474,604 | €1,318,120 | +€843,516 | +178% |
| Tangible fixed assets | 22/27 | €474,604 | €1,318,120 | +€843,516 | +178% |
| Land and buildings | 22 | €363,789 | €1,221,320 | +€857,531 | +236% |
| Plant, machinery and equipment | 23 | €2,556 | €1,866 | -€690 | -27.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €108,259 | €94,934 | -€13,325 | -12.3% |
| Current assets | 29/58 | €413,529 | €167,519 | -€246,010 | -59.5% |
| Amounts receivable within one year | 40/41 | €157,680 | €91,508 | -€66,172 | -42.0% |
| Trade receivables | 40 | €130,801 | €71,413 | -€59,388 | -45.4% |
| Other amounts receivable | 41 | €26,879 | €20,095 | -€6,783 | -25.2% |
| Cash at bank and in hand | 54/58 | €253,037 | €72,551 | -€180,486 | -71.3% |
| Deferred charges and accrued income | 490/1 | €2,812 | €3,459 | +€647 | +23.0% |
| Total equity and liabilities | 10/49 | €888,133 | €1,485,639 | +€597,506 | +67.3% |
| Equity | 10/15 | €557,828 | €426,314 | -€131,513 | -23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €493,029 | €493,029 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €455,529 | €455,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,398 | -€79,115 | -€131,513 | |
| Amounts payable | 17/49 | €330,305 | €1,059,324 | +€729,019 | +221% |
| Amounts payable after more than one year | 17 | €113,487 | €633,574 | +€520,087 | +458% |
| Financial debts | 170/4 | €113,487 | €633,574 | +€520,087 | +458% |
| Amounts payable within one year | 42/48 | €208,410 | €411,294 | +€202,884 | +97.3% |
| Current portion of amounts payable after more than one year | 42 | €20,681 | €84,251 | +€63,570 | +307% |
| Trade debts | 44 | €244 | €0 | -€244 | -100% |
| Suppliers | 440/4 | €244 | €0 | -€244 | -100% |
| Taxes, remuneration and social security | 45 | €5,643 | €4,524 | -€1,119 | -19.8% |
| Taxes | 450/3 | €5,643 | €4,524 | -€1,119 | -19.8% |
| Other amounts payable | 47/48 | €181,842 | €322,520 | +€140,678 | +77.4% |
| Accrued charges and deferred income | 492/3 | €8,409 | €14,457 | +€6,048 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,871 | €54,590 | +€25,719 | +89.1% |
| Other operating charges | 640/8 | €7,076 | €120,122 | +€113,046 | +1,598% |
| Gross operating margin | 9900 | €196,013 | €188,405 | -€7,607 | -3.9% |
| Operating profit (loss) | 9901 | €160,065 | €13,692 | -€146,373 | -91.4% |
| Financial income | 75/76B | €2,766 | €912 | -€1,855 | -67.0% |
| Recurring financial income | 75 | €2,766 | €912 | -€1,855 | -67.0% |
| Financial charges | 65/66B | €74,309 | €145,939 | +€71,631 | +96.4% |
| Recurring financial charges | 65 | €74,309 | €145,939 | +€71,631 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €88,523 | -€131,335 | -€219,858 | |
| Income taxes | 67/77 | €26,201 | €178 | -€26,023 | -99.3% |
| Profit (loss) for the period | 9904 | €62,322 | -€131,513 | -€193,835 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,322 | -€131,513 | -€193,835 |
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 28 October 2026 via checked.be.