Docteur E.LECOQ: 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 E.LECOQ
Largest movements
- Cash +€150,719
up €150,719 (+509%), from €29,609 to €180,329
mainly Net result for the year (+€147,038) and Tax, wage and social debts (+€16,185)
- Receivables within one year +€20,632
up €20,632 (+38.7%), from €53,286 to €73,918
- Tangible fixed assets -€7,085
down €7,085 (-40.4%), from €17,554 to €10,469
- Reserves +€147,038
new in 2025: €147,038
- Tax, wage and social debts +€16,185
new in 2025: €16,185
- Gross operating margin +€83,106
up €83,106 (+61.5%), from €135,180 to €218,286
- Taxes +€30,491
up €30,491 (+91.9%), from €33,194 to €63,685
- Depreciation +€4,134
up €4,134 (+140%), from €2,951 to €7,085
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 | €101,799 | €266,259 | +€164,461 | +162% |
| Fixed assets | 21/28 | €17,554 | €10,469 | -€7,085 | -40.4% |
| Tangible fixed assets | 22/27 | €17,554 | €10,469 | -€7,085 | -40.4% |
| Furniture and vehicles | 24 | €17,554 | €10,469 | -€7,085 | -40.4% |
| Current assets | 29/58 | €84,244 | €255,790 | +€171,546 | +204% |
| Amounts receivable within one year | 40/41 | €53,286 | €73,918 | +€20,632 | +38.7% |
| Other amounts receivable | 41 | €53,286 | €73,918 | +€20,632 | +38.7% |
| Cash at bank and in hand | 54/58 | €29,609 | €180,329 | +€150,719 | +509% |
| Deferred charges and accrued income | 490/1 | €1,349 | €1,544 | +€195 | +14.5% |
| Total equity and liabilities | 10/49 | €101,799 | €266,259 | +€164,461 | +162% |
| Equity | 10/15 | €101,013 | €248,051 | +€147,038 | +146% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €147,038 | +€147,038 | |
| Distributable reserves | 133 | - | €147,038 | +€147,038 | |
| Profit (loss) carried forward | 14 | €98,513 | €98,513 | = | 0.0% |
| Amounts payable | 17/49 | €785 | €18,208 | +€17,423 | +2,218% |
| Amounts payable within one year | 42/48 | €785 | €17,571 | +€16,785 | +2,137% |
| Trade debts | 44 | €785 | €571 | -€215 | -27.3% |
| Suppliers | 440/4 | €785 | €571 | -€215 | -27.3% |
| Taxes, remuneration and social security | 45 | - | €16,185 | +€16,185 | |
| Taxes | 450/3 | - | €16,185 | +€16,185 | |
| Other amounts payable | 47/48 | - | €815 | +€815 | |
| Accrued charges and deferred income | 492/3 | - | €638 | +€638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,951 | €7,085 | +€4,134 | +140% |
| Other operating charges | 640/8 | €487 | €400 | -€88 | -18.0% |
| Gross operating margin | 9900 | €135,180 | €218,286 | +€83,106 | +61.5% |
| Operating profit (loss) | 9901 | €131,742 | €210,801 | +€79,059 | +60.0% |
| Financial charges | 65/66B | €35 | €78 | +€43 | +123% |
| Recurring financial charges | 65 | €35 | €78 | +€43 | +123% |
| Profit (loss) for the period before taxes | 9903 | €131,707 | €210,723 | +€79,016 | +60.0% |
| Income taxes | 67/77 | €33,194 | €63,685 | +€30,491 | +91.9% |
| Profit (loss) for the period | 9904 | €98,513 | €147,038 | +€48,525 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €98,513 | €147,038 | +€48,525 | +49.3% |
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 13 October 2026 via checked.be.