DOCTEUR KEISER: 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 KEISER
Largest movements
- Tangible fixed assets -€7,590
down €7,590 (-6.3%), from €119,986 to €112,396
of which Furniture and vehicles: -€7,590
- Receivables within one year +€2,386
up €2,386 (+2,093%), from €114 to €2,500
- Cash +€2,334
up €2,334 (+8.8%), from €26,434 to €28,768
mainly Net result for the year (+€27,967) and Depreciation (+€7,590)
- Debts after one year -€6,370
down €6,370 (-8.6%), from €74,013 to €67,643
- Other debts +€5,583
up €5,583 (+21.0%), from €26,591 to €32,174
- Gross operating margin +€5,533
up €5,533 (+13.0%), from €42,453 to €47,986
- Taxes +€844
up €844 (+8.5%), from €9,924 to €10,768
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 | €151,153 | €149,166 | -€1,987 | -1.3% |
| Fixed assets | 21/28 | €122,934 | €115,344 | -€7,590 | -6.2% |
| Tangible fixed assets | 22/27 | €119,986 | €112,396 | -€7,590 | -6.3% |
| Land and buildings | 22 | €110,000 | €110,000 | = | 0.0% |
| Furniture and vehicles | 24 | €9,986 | €2,396 | -€7,590 | -76.0% |
| Financial fixed assets | 28 | €2,948 | €2,948 | = | 0.0% |
| Current assets | 29/58 | €28,219 | €33,822 | +€5,603 | +19.9% |
| Amounts receivable within one year | 40/41 | €114 | €2,500 | +€2,386 | +2,093% |
| Other amounts receivable | 41 | €114 | €2,500 | +€2,386 | +2,093% |
| Cash at bank and in hand | 54/58 | €26,434 | €28,768 | +€2,334 | +8.8% |
| Deferred charges and accrued income | 490/1 | €1,671 | €2,554 | +€883 | +52.8% |
| Total equity and liabilities | 10/49 | €151,153 | €149,166 | -€1,987 | -1.3% |
| Equity | 10/15 | €39,242 | €39,309 | +€67 | +0.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €7,912 | €7,912 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,052 | €6,052 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,030 | €25,097 | +€67 | +0.3% |
| Amounts payable | 17/49 | €111,911 | €109,857 | -€2,054 | -1.8% |
| Amounts payable after more than one year | 17 | €74,013 | €67,643 | -€6,370 | -8.6% |
| Financial debts | 170/4 | €74,013 | €67,643 | -€6,370 | -8.6% |
| Amounts payable within one year | 42/48 | €37,728 | €42,044 | +€4,316 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €8,059 | €6,897 | -€1,162 | -14.4% |
| Trade debts | 44 | €488 | €433 | -€55 | -11.3% |
| Suppliers | 440/4 | €488 | €433 | -€55 | -11.3% |
| Taxes, remuneration and social security | 45 | €2,590 | €2,540 | -€50 | -1.9% |
| Taxes | 450/3 | €1,840 | €2,540 | +€700 | +38.0% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | €26,591 | €32,174 | +€5,583 | +21.0% |
| Accrued charges and deferred income | 492/3 | €170 | €170 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,293 | €7,590 | +€297 | +4.1% |
| Other operating charges | 640/8 | €473 | €494 | +€21 | +4.4% |
| Gross operating margin | 9900 | €42,453 | €47,986 | +€5,533 | +13.0% |
| Operating profit (loss) | 9901 | €34,687 | €39,902 | +€5,215 | +15.0% |
| Financial income | 75/76B | €283 | €225 | -€58 | -20.5% |
| Recurring financial income | 75 | €283 | €225 | -€58 | -20.5% |
| Financial charges | 65/66B | €1,505 | €1,392 | -€113 | -7.5% |
| Recurring financial charges | 65 | €1,505 | €1,392 | -€113 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €33,465 | €38,735 | +€5,270 | +15.7% |
| Income taxes | 67/77 | €9,924 | €10,768 | +€844 | +8.5% |
| Profit (loss) for the period | 9904 | €23,541 | €27,967 | +€4,426 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,541 | €27,967 | +€4,426 | +18.8% |
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 17 October 2026 via checked.be.