DOCTEUR CATHERINE SCOTT: 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 CATHERINE SCOTT
Largest movements
- Tangible fixed assets -€59,776
down €59,776 (-8.2%), from €724,636 to €664,861
of which Land and buildings: -€49,211
- Receivables within one year +€47,578
up €47,578 (+617%), from €7,716 to €55,294
of which Other amounts receivable: +€43,722
- Cash -€18,331
down €18,331 (-39.3%), from €46,668 to €28,337
mainly Debts after one year (-€72,526) and Contributions, distributions and other (-€48,323)
- Debts after one year -€72,526
down €72,526 (-13.2%), from €550,582 to €478,056
- Other debts +€45,182
up €45,182 (+3,919%), from €1,153 to €46,335
- Reserves -€30,517
down €30,517 (-41.3%), from €73,840 to €43,323
of which Distributable reserves: -€30,517
- Tax, wage and social debts +€12,156
up €12,156 (+155%), from €7,846 to €20,002
- Trade debts +€10,191
up €10,191 (+41.1%), from €24,779 to €34,970
- Gross operating margin +€5,873
up €5,873 (+4.6%), from €126,964 to €132,836
- Taxes +€5,118
up €5,118 (+89.3%), from €5,729 to €10,847
- Depreciation -€2,262
down €2,262 (-2.7%), from €83,496 to €81,234
- Financial charges -€1,885
down €1,885 (-8.3%), from €22,724 to €20,840
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 | €790,692 | €757,854 | -€32,838 | -4.2% |
| Fixed assets | 21/28 | €724,636 | €664,861 | -€59,776 | -8.2% |
| Tangible fixed assets | 22/27 | €724,636 | €664,861 | -€59,776 | -8.2% |
| Land and buildings | 22 | €623,126 | €573,915 | -€49,211 | -7.9% |
| Plant, machinery and equipment | 23 | €38,406 | €32,488 | -€5,917 | -15.4% |
| Furniture and vehicles | 24 | €63,104 | €58,457 | -€4,647 | -7.4% |
| Current assets | 29/58 | €66,056 | €92,993 | +€26,937 | +40.8% |
| Amounts receivable within one year | 40/41 | €7,716 | €55,294 | +€47,578 | +617% |
| Trade receivables | 40 | €1,848 | €5,704 | +€3,856 | +209% |
| Other amounts receivable | 41 | €5,869 | €49,590 | +€43,722 | +745% |
| Cash at bank and in hand | 54/58 | €46,668 | €28,337 | -€18,331 | -39.3% |
| Deferred charges and accrued income | 490/1 | €11,672 | €9,362 | -€2,310 | -19.8% |
| Total equity and liabilities | 10/49 | €790,692 | €757,854 | -€32,838 | -4.2% |
| Equity | 10/15 | €129,343 | €98,825 | -€30,517 | -23.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,840 | €43,323 | -€30,517 | -41.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €254 | €254 | = | 0.0% |
| Distributable reserves | 133 | €71,726 | €41,209 | -€30,517 | -42.5% |
| Profit (loss) carried forward | 14 | €43,103 | €43,103 | = | 0.0% |
| Amounts payable | 17/49 | €661,350 | €659,028 | -€2,321 | -0.4% |
| Amounts payable after more than one year | 17 | €550,582 | €478,056 | -€72,526 | -13.2% |
| Financial debts | 170/4 | €550,582 | €478,056 | -€72,526 | -13.2% |
| Amounts payable within one year | 42/48 | €103,826 | €174,030 | +€70,204 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €70,048 | €72,724 | +€2,675 | +3.8% |
| Trade debts | 44 | €24,779 | €34,970 | +€10,191 | +41.1% |
| Suppliers | 440/4 | €24,779 | €34,970 | +€10,191 | +41.1% |
| Taxes, remuneration and social security | 45 | €7,846 | €20,002 | +€12,156 | +155% |
| Taxes | 450/3 | €7,846 | €20,002 | +€12,156 | +155% |
| Other amounts payable | 47/48 | €1,153 | €46,335 | +€45,182 | +3,919% |
| Accrued charges and deferred income | 492/3 | €6,942 | €6,942 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,496 | €81,234 | -€2,262 | -2.7% |
| Other operating charges | 640/8 | €2,209 | €1,552 | -€656 | -29.7% |
| Non-recurring operating charges | 66A | - | €705 | +€705 | |
| Gross operating margin | 9900 | €126,964 | €132,836 | +€5,873 | +4.6% |
| Operating profit (loss) | 9901 | €41,259 | €49,344 | +€8,085 | +19.6% |
| Financial income | 75/76B | €134 | €147 | +€13 | +10.1% |
| Recurring financial income | 75 | €134 | €147 | +€13 | +10.1% |
| Financial charges | 65/66B | €22,724 | €20,840 | -€1,885 | -8.3% |
| Recurring financial charges | 65 | €22,724 | €20,840 | -€1,885 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €18,669 | €28,652 | +€9,984 | +53.5% |
| Income taxes | 67/77 | €5,729 | €10,847 | +€5,118 | +89.3% |
| Profit (loss) for the period | 9904 | €12,939 | €17,806 | +€4,866 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,939 | €17,806 | +€4,866 | +37.6% |
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 27 October 2026 via checked.be.