DOCTEUR E. LAURENT: what changed
DOCTEUR E. LAURENT
Largest movements
- Tangible fixed assets -€295,716
down €295,716 (-24.9%), from €1.2m to €894,019
of which Land and buildings: -€291,630
- Cash +€227,146
up €227,146 (+361%), from €62,967 to €290,113
mainly Investment in fixed assets (net) (+€260,087) and Net result for the year (+€170,585)
- Deferred charges and accrued income -€100,316
down €100,316 (-97.1%), from €103,319 to €3,003
- Receivables within one year +€99,657
up €99,657 (+605%), from €16,463 to €116,120
of which Trade receivables: +€114,093
- Reserves +€170,000
up €170,000 (+52.6%), from €323,254 to €493,254
of which Distributable reserves: +€170,000
- Debts after one year -€115,654
no longer reported in 2025 (was €115,654)
- Other debts -€68,780
down €68,780 (-98.3%), from €70,000 to €1,220
- Current portion of long-term debt -€67,660
no longer reported in 2025 (was €67,660)
- Gross operating margin -€49,718
down €49,718 (-13.6%), from €366,016 to €316,299
- Taxes +€24,900
up €24,900 (+43.0%), from €57,973 to €82,874
- Depreciation -€24,224
down €24,224 (-40.5%), from €59,853 to €35,629
- Financial charges -€9,215
down €9,215 (-78.1%), from €11,794 to €2,579
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 | €1,372,496 | €1,303,266 | -€69,229 | -5.0% |
| Fixed assets | 21/28 | €1,189,747 | €894,031 | -€295,716 | -24.9% |
| Tangible fixed assets | 22/27 | €1,189,735 | €894,019 | -€295,716 | -24.9% |
| Land and buildings | 22 | €1,185,648 | €894,019 | -€291,630 | -24.6% |
| Furniture and vehicles | 24 | €4,086 | - | -€4,086 | |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €182,749 | €409,235 | +€226,487 | +124% |
| Amounts receivable within one year | 40/41 | €16,463 | €116,120 | +€99,657 | +605% |
| Trade receivables | 40 | - | €114,093 | +€114,093 | |
| Other amounts receivable | 41 | €16,463 | €2,027 | -€14,436 | -87.7% |
| Cash at bank and in hand | 54/58 | €62,967 | €290,113 | +€227,146 | +361% |
| Deferred charges and accrued income | 490/1 | €103,319 | €3,003 | -€100,316 | -97.1% |
| Total equity and liabilities | 10/49 | €1,372,496 | €1,303,266 | -€69,229 | -5.0% |
| Equity | 10/15 | €1,102,996 | €1,273,581 | +€170,585 | +15.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €323,254 | €493,254 | +€170,000 | +52.6% |
| Non-distributable reserves | 130/1 | €8,155 | €8,155 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €6,295 | €6,295 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,099 | €32,099 | = | 0.0% |
| Distributable reserves | 133 | €283,000 | €453,000 | +€170,000 | +60.1% |
| Profit (loss) carried forward | 14 | €761,142 | €761,727 | +€585 | +0.1% |
| Amounts payable | 17/49 | €269,500 | €29,685 | -€239,814 | -89.0% |
| Amounts payable after more than one year | 17 | €115,654 | - | -€115,654 | |
| Financial debts | 170/4 | €115,654 | - | -€115,654 | |
| Amounts payable within one year | 42/48 | €153,846 | €29,685 | -€124,160 | -80.7% |
| Current portion of amounts payable after more than one year | 42 | €67,660 | - | -€67,660 | |
| Trade debts | 44 | - | €5,591 | +€5,591 | |
| Suppliers | 440/4 | - | €5,591 | +€5,591 | |
| Advances received on contracts in progress | 46 | €4,386 | - | -€4,386 | |
| Taxes, remuneration and social security | 45 | €11,800 | €22,874 | +€11,074 | +93.8% |
| Taxes | 450/3 | €11,800 | €22,874 | +€11,074 | +93.8% |
| Other amounts payable | 47/48 | €70,000 | €1,220 | -€68,780 | -98.3% |
| Remuneration, social security and pensions | 62 | - | €1,444 | +€1,444 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,853 | €35,629 | -€24,224 | -40.5% |
| Other operating charges | 640/8 | €7,239 | €8,102 | +€863 | +11.9% |
| Non-recurring operating charges | 66A | €110,848 | €15,087 | -€95,761 | -86.4% |
| Gross operating margin | 9900 | €366,016 | €316,299 | -€49,718 | -13.6% |
| Operating profit (loss) | 9901 | €188,077 | €256,037 | +€67,961 | +36.1% |
| Financial income | 75/76B | €309 | - | -€309 | |
| Recurring financial income | 75 | €309 | - | -€309 | |
| Financial charges | 65/66B | €11,794 | €2,579 | -€9,215 | -78.1% |
| Recurring financial charges | 65 | €11,794 | €2,579 | -€9,215 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €176,592 | €253,459 | +€76,867 | +43.5% |
| Income taxes | 67/77 | €57,973 | €82,874 | +€24,900 | +43.0% |
| Profit (loss) for the period | 9904 | €118,619 | €170,585 | +€51,966 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | €118,619 | €170,585 | +€51,966 | +43.8% |
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 3 November 2026 via checked.be.