Docteur De Keyser E.: 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 De Keyser E.
Largest movements
- Tangible fixed assets +€8,782
up €8,782 (+4,448%), from €197 to €8,980
- Cash -€5,636
down €5,636 (-62.4%), from €9,030 to €3,394
mainly Investment in fixed assets (net) (-€9,680) and Trade debts (-€1,581)
- Receivables within one year -€735
down €735 (-4.0%), from €18,262 to €17,528
of which Trade receivables: -€4,600
- Reserves +€4,205
up €4,205 (+36.2%), from €11,614 to €15,819
- Trade debts -€1,581
down €1,581 (-79.8%), from €1,981 to €400
- Tax, wage and social debts -€644
down €644 (-72.1%), from €894 to €250
- Accrued charges and deferred income +€450
new in 2025: €450
- Gross operating margin +€1,535
up €1,535 (+19.8%), from €7,752 to €9,287
- Financial income +€990
up €990 (+4,948,900%), from €0 to €990
- Taxes +€798
up €798 (+32.0%), from €2,494 to €3,292
- Depreciation +€483
up €483 (+116%), from €415 to €898
- Other operating charges +€437
up €437 (+113%), from €387 to €825
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 | €27,490 | €29,902 | +€2,411 | +8.8% |
| Fixed assets | 21/28 | €197 | €8,980 | +€8,782 | +4,448% |
| Tangible fixed assets | 22/27 | €197 | €8,980 | +€8,782 | +4,448% |
| Furniture and vehicles | 24 | €197 | €8,980 | +€8,782 | +4,448% |
| Current assets | 29/58 | €27,293 | €20,922 | -€6,371 | -23.3% |
| Amounts receivable within one year | 40/41 | €18,262 | €17,528 | -€735 | -4.0% |
| Trade receivables | 40 | €4,600 | - | -€4,600 | |
| Other amounts receivable | 41 | €13,662 | €17,528 | +€3,865 | +28.3% |
| Cash at bank and in hand | 54/58 | €9,030 | €3,394 | -€5,636 | -62.4% |
| Total equity and liabilities | 10/49 | €27,490 | €29,902 | +€2,411 | +8.8% |
| Equity | 10/15 | €24,014 | €28,219 | +€4,205 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,614 | €15,819 | +€4,205 | +36.2% |
| Distributable reserves | 133 | €11,614 | €15,819 | +€4,205 | +36.2% |
| Amounts payable | 17/49 | €3,476 | €1,683 | -€1,793 | -51.6% |
| Amounts payable within one year | 42/48 | €3,476 | €1,233 | -€2,243 | -64.5% |
| Trade debts | 44 | €1,981 | €400 | -€1,581 | -79.8% |
| Suppliers | 440/4 | €1,981 | €400 | -€1,581 | -79.8% |
| Taxes, remuneration and social security | 45 | €894 | €250 | -€644 | -72.1% |
| Taxes | 450/3 | €894 | €250 | -€644 | -72.1% |
| Other amounts payable | 47/48 | €601 | €583 | -€18 | -3.0% |
| Accrued charges and deferred income | 492/3 | - | €450 | +€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €415 | €898 | +€483 | +116% |
| Other operating charges | 640/8 | €387 | €825 | +€437 | +113% |
| Gross operating margin | 9900 | €7,752 | €9,287 | +€1,535 | +19.8% |
| Operating profit (loss) | 9901 | €6,949 | €7,565 | +€615 | +8.9% |
| Financial income | 75/76B | €0 | €990 | +€990 | +4,948,900% |
| Recurring financial income | 75 | €0 | €990 | +€990 | +4,948,900% |
| Financial charges | 65/66B | €207 | €224 | +€17 | +8.2% |
| Recurring financial charges | 65 | €207 | €224 | +€17 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €6,742 | €8,330 | +€1,588 | +23.6% |
| Income taxes | 67/77 | €2,494 | €3,292 | +€798 | +32.0% |
| Profit (loss) for the period | 9904 | €4,248 | €5,038 | +€790 | +18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,248 | €5,038 | +€790 | +18.6% |
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 20 October 2026 via checked.be.