DOCTEUR FOX: 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 FOX
Largest movements
- Cash -€196,339
down €196,339 (-85.2%), from €230,500 to €34,162
mainly Contributions, distributions and other (-€220,663) and Receivables after one year (-€142,500)
- Receivables after one year +€142,500
up €142,500 (+69.2%), from €205,800 to €348,300
- Receivables within one year +€104,573
up €104,573 (+108%), from €96,937 to €201,510
- Tangible fixed assets -€8,639
down €8,639 (-32.1%), from €26,949 to €18,310
of which Furniture and vehicles: -€8,400
- Other debts +€160,107
up €160,107 (+350%), from €45,692 to €205,799
- Reserves -€120,705
down €120,705 (-25.9%), from €466,305 to €345,601
of which Distributable reserves: -€107,705
- Tax, wage and social debts +€12,589
up €12,589 (+45.5%), from €27,698 to €40,286
- Financial charges +€45,239
up €45,239 (+4,101%), from €1,103 to €46,342
- Gross operating margin +€19,388
up €19,388 (+11.8%), from €164,581 to €183,969
- Taxes -€11,330
down €11,330 (-21.0%), from €53,909 to €42,579
- Financial income +€3,087
up €3,087 (+28.7%), from €10,755 to €13,841
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 | €568,408 | €616,403 | +€47,995 | +8.4% |
| Fixed assets | 21/28 | €29,949 | €21,310 | -€8,639 | -28.8% |
| Tangible fixed assets | 22/27 | €26,949 | €18,310 | -€8,639 | -32.1% |
| Plant, machinery and equipment | 23 | €432 | €193 | -€239 | -55.3% |
| Furniture and vehicles | 24 | €26,517 | €18,117 | -€8,400 | -31.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €538,459 | €595,093 | +€56,634 | +10.5% |
| Amounts receivable after more than one year | 29 | €205,800 | €348,300 | +€142,500 | +69.2% |
| Other amounts receivable | 291 | €205,800 | €348,300 | +€142,500 | +69.2% |
| Amounts receivable within one year | 40/41 | €96,937 | €201,510 | +€104,573 | +108% |
| Other amounts receivable | 41 | €96,937 | €201,510 | +€104,573 | +108% |
| Cash at bank and in hand | 54/58 | €230,500 | €34,162 | -€196,339 | -85.2% |
| Deferred charges and accrued income | 490/1 | €5,222 | €11,122 | +€5,900 | +113% |
| Total equity and liabilities | 10/49 | €568,408 | €616,403 | +€47,995 | +8.4% |
| Equity | 10/15 | €476,305 | €355,601 | -€120,705 | -25.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Contributions outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Reserves | 13 | €466,305 | €345,601 | -€120,705 | -25.9% |
| Non-distributable reserves | 130/1 | €13,000 | - | -€13,000 | |
| Legal reserve | 130 | €13,000 | - | -€13,000 | |
| Distributable reserves | 133 | €453,305 | €345,601 | -€107,705 | -23.8% |
| Amounts payable | 17/49 | €92,102 | €260,802 | +€168,700 | +183% |
| Amounts payable after more than one year | 17 | €12,820 | €7,264 | -€5,556 | -43.3% |
| Financial debts | 170/4 | €12,820 | €7,264 | -€5,556 | -43.3% |
| Amounts payable within one year | 42/48 | €79,282 | €253,538 | +€174,256 | +220% |
| Current portion of amounts payable after more than one year | 42 | €5,339 | €5,556 | +€217 | +4.1% |
| Trade debts | 44 | €553 | €1,896 | +€1,343 | +243% |
| Suppliers | 440/4 | €553 | €1,896 | +€1,343 | +243% |
| Taxes, remuneration and social security | 45 | €27,698 | €40,286 | +€12,589 | +45.5% |
| Taxes | 450/3 | €27,698 | €40,286 | +€12,589 | +45.5% |
| Other amounts payable | 47/48 | €45,692 | €205,799 | +€160,107 | +350% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,831 | €8,639 | -€192 | -2.2% |
| Other operating charges | 640/8 | €1,120 | €291 | -€829 | -74.0% |
| Gross operating margin | 9900 | €164,581 | €183,969 | +€19,388 | +11.8% |
| Operating profit (loss) | 9901 | €154,630 | €175,039 | +€20,409 | +13.2% |
| Financial income | 75/76B | €10,755 | €13,841 | +€3,087 | +28.7% |
| Recurring financial income | 75 | €10,755 | €13,841 | +€3,087 | +28.7% |
| Financial charges | 65/66B | €1,103 | €46,342 | +€45,239 | +4,101% |
| Recurring financial charges | 65 | €1,103 | €46,342 | +€45,239 | +4,101% |
| Profit (loss) for the period before taxes | 9903 | €164,281 | €142,538 | -€21,743 | -13.2% |
| Income taxes | 67/77 | €53,909 | €42,579 | -€11,330 | -21.0% |
| Profit (loss) for the period | 9904 | €110,372 | €99,959 | -€10,413 | -9.4% |
| Transfer from tax-exempt reserves | 789 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €152,472 | €99,959 | -€52,513 | -34.4% |
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 21 October 2026 via checked.be.