DOCTEUR GUY DARON: 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 GUY DARON
Largest movements
- Cash +€83,985
up €83,985 (+14.9%), from €564,216 to €648,202
mainly Net result for the year (+€100,762) and Depreciation (+€2,624)
- Reserves +€100,700
up €100,700 (+22.9%), from €439,300 to €540,000
- Debts after one year -€18,595
down €18,595 (-27.2%), from €68,462 to €49,867
- Depreciation -€6,683
down €6,683 (-71.8%), from €9,308 to €2,624
- Gross operating margin -€2,612
down €2,612 (-1.6%), from €158,934 to €156,322
- Financial charges -€2,239
down €2,239 (-35.9%), from €6,231 to €3,992
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 | €579,680 | €664,812 | +€85,132 | +14.7% |
| Fixed assets | 21/28 | €11,255 | €13,658 | +€2,403 | +21.4% |
| Tangible fixed assets | 22/27 | €10,255 | €12,658 | +€2,403 | +23.4% |
| Other tangible fixed assets | 26 | €10,255 | €12,658 | +€2,403 | +23.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €568,425 | €651,154 | +€82,729 | +14.6% |
| Amounts receivable within one year | 40/41 | €432 | €432 | = | 0.0% |
| Other amounts receivable | 41 | €432 | €432 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €564,216 | €648,202 | +€83,985 | +14.9% |
| Deferred charges and accrued income | 490/1 | €3,776 | €2,520 | -€1,257 | -33.3% |
| Total equity and liabilities | 10/49 | €579,680 | €664,812 | +€85,132 | +14.7% |
| Equity | 10/15 | €460,307 | €561,070 | +€100,762 | +21.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €439,300 | €540,000 | +€100,700 | +22.9% |
| Distributable reserves | 133 | €439,300 | €540,000 | +€100,700 | +22.9% |
| Profit (loss) carried forward | 14 | €547 | €610 | +€62 | +11.4% |
| Amounts payable | 17/49 | €119,372 | €103,742 | -€15,630 | -13.1% |
| Amounts payable after more than one year | 17 | €68,462 | €49,867 | -€18,595 | -27.2% |
| Other amounts payable | 178/9 | €68,462 | €49,867 | -€18,595 | -27.2% |
| Amounts payable within one year | 42/48 | €50,798 | €53,875 | +€3,077 | +6.1% |
| Trade debts | 44 | - | €475 | +€475 | |
| Suppliers | 440/4 | - | €475 | +€475 | |
| Taxes, remuneration and social security | 45 | €50,798 | €53,400 | +€2,602 | +5.1% |
| Taxes | 450/3 | €50,798 | €53,400 | +€2,602 | +5.1% |
| Accrued charges and deferred income | 492/3 | €112 | - | -€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,308 | €2,624 | -€6,683 | -71.8% |
| Other operating charges | 640/8 | €1,045 | €669 | -€376 | -35.9% |
| Gross operating margin | 9900 | €158,934 | €156,322 | -€2,612 | -1.6% |
| Operating profit (loss) | 9901 | €148,582 | €153,029 | +€4,447 | +3.0% |
| Financial charges | 65/66B | €6,231 | €3,992 | -€2,239 | -35.9% |
| Recurring financial charges | 65 | €6,231 | €3,992 | -€2,239 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €142,351 | €149,036 | +€6,686 | +4.7% |
| Income taxes | 67/77 | €48,944 | €48,274 | -€670 | -1.4% |
| Profit (loss) for the period | 9904 | €93,407 | €100,762 | +€7,356 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,407 | €100,762 | +€7,356 | +7.9% |
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 14 October 2026 via checked.be.