Docteur Hélène ANDRE: 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 Hélène ANDRE
Largest movements
- Receivables after one year -€12,566
down €12,566 (-61.1%), from €20,577 to €8,011
- Receivables within one year -€11,618
down €11,618 (-45.3%), from €25,620 to €14,001
of which Trade receivables: -€13,681
- Tangible fixed assets -€5,274
down €5,274 (-30.5%), from €17,285 to €12,011
- Cash -€2,748
down €2,748 (-5.1%), from €54,362 to €51,613
mainly Contributions, distributions and other (-€22,770) and Debts after one year (-€5,269)
- Profit (loss) carried forward -€16,232
down €16,232 (-95.8%), from €16,936 to €704
- Debts after one year -€5,269
down €5,269 (-47.4%), from €11,120 to €5,851
- Trade debts -€3,568
down €3,568 (-46.8%), from €7,628 to €4,060
- Tax, wage and social debts -€3,262
no longer reported in 2025 (was €3,262)
- Other debts -€2,632
down €2,632 (-14.5%), from €18,175 to €15,544
- Gross operating margin -€10,170
down €10,170 (-38.2%), from €26,639 to €16,468
- Taxes -€2,063
down €2,063 (-37.8%), from €5,463 to €3,400
- Financial income -€345
down €345 (-61.3%), from €563 to €218
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 | €120,340 | €88,808 | -€31,532 | -26.2% |
| Fixed assets | 21/28 | €17,285 | €12,011 | -€5,274 | -30.5% |
| Tangible fixed assets | 22/27 | €17,285 | €12,011 | -€5,274 | -30.5% |
| Furniture and vehicles | 24 | €17,285 | €12,011 | -€5,274 | -30.5% |
| Current assets | 29/58 | €103,055 | €76,798 | -€26,258 | -25.5% |
| Amounts receivable after more than one year | 29 | €20,577 | €8,011 | -€12,566 | -61.1% |
| Other amounts receivable | 291 | €20,577 | €8,011 | -€12,566 | -61.1% |
| Amounts receivable within one year | 40/41 | €25,620 | €14,001 | -€11,618 | -45.3% |
| Trade receivables | 40 | €25,083 | €11,402 | -€13,681 | -54.5% |
| Other amounts receivable | 41 | €537 | €2,600 | +€2,063 | +384% |
| Cash at bank and in hand | 54/58 | €54,362 | €51,613 | -€2,748 | -5.1% |
| Deferred charges and accrued income | 490/1 | €2,496 | €3,171 | +€675 | +27.1% |
| Total equity and liabilities | 10/49 | €120,340 | €88,808 | -€31,532 | -26.2% |
| Equity | 10/15 | €73,229 | €56,997 | -€16,232 | -22.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €51,293 | €51,293 | = | 0.0% |
| Distributable reserves | 133 | €51,293 | €51,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,936 | €704 | -€16,232 | -95.8% |
| Amounts payable | 17/49 | €47,111 | €31,811 | -€15,300 | -32.5% |
| Amounts payable after more than one year | 17 | €11,120 | €5,851 | -€5,269 | -47.4% |
| Financial debts | 170/4 | €11,120 | €5,851 | -€5,269 | -47.4% |
| Amounts payable within one year | 42/48 | €34,212 | €24,873 | -€9,339 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €5,146 | €5,269 | +€123 | +2.4% |
| Trade debts | 44 | €7,628 | €4,060 | -€3,568 | -46.8% |
| Suppliers | 440/4 | €7,628 | €4,060 | -€3,568 | -46.8% |
| Taxes, remuneration and social security | 45 | €3,262 | - | -€3,262 | |
| Remuneration and social security | 454/9 | €3,262 | - | -€3,262 | |
| Other amounts payable | 47/48 | €18,175 | €15,544 | -€2,632 | -14.5% |
| Accrued charges and deferred income | 492/3 | €1,779 | €1,087 | -€691 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,920 | €6,108 | +€188 | +3.2% |
| Other operating charges | 640/8 | €251 | €239 | -€12 | -4.7% |
| Gross operating margin | 9900 | €26,639 | €16,468 | -€10,170 | -38.2% |
| Operating profit (loss) | 9901 | €20,468 | €10,121 | -€10,346 | -50.5% |
| Financial income | 75/76B | €563 | €218 | -€345 | -61.3% |
| Recurring financial income | 75 | €563 | €218 | -€345 | -61.3% |
| Financial charges | 65/66B | €528 | €401 | -€127 | -24.0% |
| Recurring financial charges | 65 | €528 | €401 | -€127 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €20,504 | €9,938 | -€10,565 | -51.5% |
| Income taxes | 67/77 | €5,463 | €3,400 | -€2,063 | -37.8% |
| Profit (loss) for the period | 9904 | €15,040 | €6,538 | -€8,502 | -56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,040 | €6,538 | -€8,502 | -56.5% |
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 29 October 2026 via checked.be.