Docteur Coton: 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 Coton
Largest movements
- Cash -€127,841
down €127,841 (-57.5%), from €222,512 to €94,671
mainly Contributions, distributions and other (-€282,370) and Investment in fixed assets (net) (-€17,039)
- Current investments -€18,882
down €18,882 (-5.2%), from €361,218 to €342,336
- Tangible fixed assets +€13,035
up €13,035 (+117%), from €11,179 to €24,214
of which Other tangible fixed assets: +€13,658
- Reserves -€143,070
down €143,070 (-23.7%), from €604,270 to €461,200
- Other debts +€15,275
up €15,275, from €0 to €15,275
- Tax, wage and social debts -€6,810
down €6,810 (-100%), from €6,810 to €0
- Gross operating margin +€6,744
up €6,744 (+3.6%), from €188,521 to €195,264
- Financial income -€2,691
down €2,691 (-22.8%), from €11,795 to €9,103
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 | €625,029 | €491,135 | -€133,894 | -21.4% |
| Fixed assets | 21/28 | €11,179 | €24,214 | +€13,035 | +117% |
| Tangible fixed assets | 22/27 | €11,179 | €24,214 | +€13,035 | +117% |
| Furniture and vehicles | 24 | €3,557 | €2,934 | -€623 | -17.5% |
| Other tangible fixed assets | 26 | €7,622 | €21,280 | +€13,658 | +179% |
| Current assets | 29/58 | €613,850 | €466,921 | -€146,929 | -23.9% |
| Amounts receivable within one year | 40/41 | €25,809 | €27,751 | +€1,942 | +7.5% |
| Trade receivables | 40 | €0 | €369 | +€369 | |
| Other amounts receivable | 41 | €25,809 | €27,382 | +€1,573 | +6.1% |
| Current investments | 50/53 | €361,218 | €342,336 | -€18,882 | -5.2% |
| Cash at bank and in hand | 54/58 | €222,512 | €94,671 | -€127,841 | -57.5% |
| Deferred charges and accrued income | 490/1 | €4,311 | €2,163 | -€2,148 | -49.8% |
| Total equity and liabilities | 10/49 | €625,029 | €491,135 | -€133,894 | -21.4% |
| Equity | 10/15 | €617,099 | €474,090 | -€143,009 | -23.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €604,270 | €461,200 | -€143,070 | -23.7% |
| Distributable reserves | 133 | €604,270 | €461,200 | -€143,070 | -23.7% |
| Profit (loss) carried forward | 14 | €429 | €490 | +€61 | +14.2% |
| Amounts payable | 17/49 | €7,930 | €17,045 | +€9,115 | +115% |
| Amounts payable within one year | 42/48 | €7,905 | €16,096 | +€8,191 | +104% |
| Trade debts | 44 | €1,095 | €821 | -€274 | -25.0% |
| Suppliers | 440/4 | €1,095 | €821 | -€274 | -25.0% |
| Taxes, remuneration and social security | 45 | €6,810 | €0 | -€6,810 | -100% |
| Taxes | 450/3 | €6,810 | €0 | -€6,810 | -100% |
| Other amounts payable | 47/48 | €0 | €15,275 | +€15,275 | |
| Accrued charges and deferred income | 492/3 | €25 | €949 | +€924 | +3,694% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,961 | €4,004 | +€42 | +1.1% |
| Other operating charges | 640/8 | €1,141 | €721 | -€420 | -36.8% |
| Non-recurring operating charges | 66A | - | €451 | +€451 | |
| Gross operating margin | 9900 | €188,521 | €195,264 | +€6,744 | +3.6% |
| Operating profit (loss) | 9901 | €183,418 | €190,089 | +€6,671 | +3.6% |
| Financial income | 75/76B | €11,795 | €9,103 | -€2,691 | -22.8% |
| Recurring financial income | 75 | €11,795 | €9,103 | -€2,691 | -22.8% |
| Financial charges | 65/66B | -€1,357 | €231 | +€1,588 | |
| Recurring financial charges | 65 | -€1,357 | €231 | +€1,588 | |
| Profit (loss) for the period before taxes | 9903 | €196,570 | €198,962 | +€2,392 | +1.2% |
| Income taxes | 67/77 | €58,298 | €59,601 | +€1,303 | +2.2% |
| Profit (loss) for the period | 9904 | €138,272 | €139,361 | +€1,088 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €138,272 | €139,361 | +€1,088 | +0.8% |
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.