Docteur Ingrid Mathieu: 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 Ingrid Mathieu
Largest movements
- Cash -€19,410
down €19,410 (-20.8%), from €93,429 to €74,019
mainly Contributions, distributions and other (-€55,800) and Debts after one year (-€18,346)
- Intangible fixed assets -€12,000
down €12,000 (-15.8%), from €75,982 to €63,982
- Tangible fixed assets -€5,176
down €5,176 (-9.9%), from €52,424 to €47,248
of which Furniture and vehicles: -€6,108
- Debts after one year -€18,346
down €18,346 (-38.0%), from €48,251 to €29,905
- Other debts -€16,770
down €16,770 (-17.0%), from €98,739 to €81,969
- Gross operating margin +€6,686
up €6,686 (+7.1%), from €94,079 to €100,765
- Taxes +€1,463
up €1,463 (+10.4%), from €14,039 to €15,501
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 | €226,486 | €191,708 | -€34,778 | -15.4% |
| Fixed assets | 21/28 | €128,405 | €111,230 | -€17,176 | -13.4% |
| Intangible fixed assets | 21 | €75,982 | €63,982 | -€12,000 | -15.8% |
| Tangible fixed assets | 22/27 | €52,424 | €47,248 | -€5,176 | -9.9% |
| Plant, machinery and equipment | 23 | €346 | €153 | -€193 | -55.7% |
| Furniture and vehicles | 24 | €20,073 | €13,964 | -€6,108 | -30.4% |
| Other tangible fixed assets | 26 | €32,005 | €33,130 | +€1,126 | +3.5% |
| Current assets | 29/58 | €98,081 | €80,478 | -€17,602 | -17.9% |
| Amounts receivable within one year | 40/41 | €3,853 | €5,496 | +€1,643 | +42.6% |
| Trade receivables | 40 | €92 | €2,097 | +€2,006 | +2,190% |
| Other amounts receivable | 41 | €3,761 | €3,399 | -€363 | -9.6% |
| Cash at bank and in hand | 54/58 | €93,429 | €74,019 | -€19,410 | -20.8% |
| Deferred charges and accrued income | 490/1 | €799 | €964 | +€165 | +20.7% |
| Total equity and liabilities | 10/49 | €226,486 | €191,708 | -€34,778 | -15.4% |
| Equity | 10/15 | €58,218 | €58,088 | -€130 | -0.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €53,000 | = | 0.0% |
| Distributable reserves | 133 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €218 | €88 | -€130 | -59.7% |
| Amounts payable | 17/49 | €168,268 | €133,620 | -€34,648 | -20.6% |
| Amounts payable after more than one year | 17 | €48,251 | €29,905 | -€18,346 | -38.0% |
| Financial debts | 170/4 | €48,251 | €29,905 | -€18,346 | -38.0% |
| Amounts payable within one year | 42/48 | €120,017 | €103,715 | -€16,302 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €17,979 | €18,346 | +€367 | +2.0% |
| Trade debts | 44 | €0 | €101 | +€101 | |
| Suppliers | 440/4 | €0 | €101 | +€101 | |
| Taxes, remuneration and social security | 45 | €3,300 | €3,300 | = | 0.0% |
| Taxes | 450/3 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €98,739 | €81,969 | -€16,770 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,436 | €26,108 | +€671 | +2.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €94,079 | €100,765 | +€6,686 | +7.1% |
| Operating profit (loss) | 9901 | €68,256 | €74,258 | +€6,002 | +8.8% |
| Financial income | 75/76B | €3 | €12 | +€9 | +301% |
| Recurring financial income | 75 | €3 | €12 | +€9 | +301% |
| Financial charges | 65/66B | €2,959 | €3,099 | +€140 | +4.7% |
| Recurring financial charges | 65 | €2,959 | €3,099 | +€140 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €65,300 | €71,171 | +€5,871 | +9.0% |
| Income taxes | 67/77 | €14,039 | €15,501 | +€1,463 | +10.4% |
| Profit (loss) for the period | 9904 | €51,261 | €55,670 | +€4,409 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,261 | €55,670 | +€4,409 | +8.6% |
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 30 October 2026 via checked.be.