DOCTEUR FREDERIC FERON: 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 FREDERIC FERON
Largest movements
- Cash +€29,562
up €29,562 (+19.2%), from €154,231 to €183,793
mainly Net result for the year (+€65,076) and Receivables within one year (+€24,985)
- Receivables within one year -€24,985
down €24,985 (-27.6%), from €90,505 to €65,519
of which Other amounts receivable: -€24,993
- Reserves +€28,076
up €28,076 (+20.4%), from €137,831 to €165,907
of which Distributable reserves: +€28,076
- Other debts -€23,551
down €23,551 (-29.4%), from €80,000 to €56,449
- Debts after one year -€8,068
down €8,068 (-35.1%), from €22,977 to €14,909
- Trade debts +€3,892
up €3,892 (+197%), from €1,980 to €5,872
- Gross operating margin -€113,590
down €113,590 (-45.7%), from €248,624 to €135,034
- Taxes -€20,617
down €20,617 (-37.3%), from €55,239 to €34,622
- Staff costs -€19,153
down €19,153 (-45.3%), from €42,278 to €23,124
- Depreciation -€7,211
down €7,211 (-36.7%), from €19,661 to €12,450
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 | €286,977 | €289,987 | +€3,010 | +1.0% |
| Fixed assets | 21/28 | €41,547 | €40,058 | -€1,490 | -3.6% |
| Tangible fixed assets | 22/27 | €41,547 | €40,058 | -€1,490 | -3.6% |
| Furniture and vehicles | 24 | €38,619 | €32,223 | -€6,396 | -16.6% |
| Other tangible fixed assets | 26 | €2,929 | €7,835 | +€4,907 | +168% |
| Current assets | 29/58 | €245,430 | €249,929 | +€4,500 | +1.8% |
| Amounts receivable within one year | 40/41 | €90,505 | €65,519 | -€24,985 | -27.6% |
| Trade receivables | 40 | €512 | €519 | +€7 | +1.4% |
| Other amounts receivable | 41 | €89,993 | €65,000 | -€24,993 | -27.8% |
| Cash at bank and in hand | 54/58 | €154,231 | €183,793 | +€29,562 | +19.2% |
| Deferred charges and accrued income | 490/1 | €694 | €617 | -€77 | -11.1% |
| Total equity and liabilities | 10/49 | €286,977 | €289,987 | +€3,010 | +1.0% |
| Equity | 10/15 | €162,831 | €190,907 | +€28,076 | +17.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €137,831 | €165,907 | +€28,076 | +20.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €137,831 | €165,907 | +€28,076 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €124,146 | €99,080 | -€25,066 | -20.2% |
| Amounts payable after more than one year | 17 | €22,977 | €14,909 | -€8,068 | -35.1% |
| Financial debts | 170/4 | €22,977 | €14,909 | -€8,068 | -35.1% |
| Amounts payable within one year | 42/48 | €100,395 | €82,621 | -€17,773 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €7,755 | €8,068 | +€313 | +4.0% |
| Trade debts | 44 | €1,980 | €5,872 | +€3,892 | +197% |
| Suppliers | 440/4 | €1,980 | €5,872 | +€3,892 | +197% |
| Taxes, remuneration and social security | 45 | €10,660 | €12,232 | +€1,572 | +14.7% |
| Taxes | 450/3 | €5,733 | €9,229 | +€3,495 | +61.0% |
| Remuneration and social security | 454/9 | €4,927 | €3,003 | -€1,923 | -39.0% |
| Other amounts payable | 47/48 | €80,000 | €56,449 | -€23,551 | -29.4% |
| Accrued charges and deferred income | 492/3 | €775 | €1,550 | +€775 | +100% |
| Remuneration, social security and pensions | 62 | €42,278 | €23,124 | -€19,153 | -45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,661 | €12,450 | -€7,211 | -36.7% |
| Other operating charges | 640/8 | €2,861 | €1,228 | -€1,633 | -57.1% |
| Gross operating margin | 9900 | €248,624 | €135,034 | -€113,590 | -45.7% |
| Operating profit (loss) | 9901 | €183,825 | €98,231 | -€85,594 | -46.6% |
| Financial income | 75/76B | €2,914 | €2,721 | -€193 | -6.6% |
| Recurring financial income | 75 | €2,914 | €2,721 | -€193 | -6.6% |
| Financial charges | 65/66B | €2,503 | €1,254 | -€1,249 | -49.9% |
| Recurring financial charges | 65 | €2,503 | €1,254 | -€1,249 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €184,236 | €99,699 | -€84,537 | -45.9% |
| Income taxes | 67/77 | €55,239 | €34,622 | -€20,617 | -37.3% |
| Profit (loss) for the period | 9904 | €128,997 | €65,076 | -€63,921 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €128,997 | €65,076 | -€63,921 | -49.6% |
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 31 October 2026 via checked.be.