Docteur Maes: 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 Maes
Largest movements
- Current investments +€700,000
new in 2024: €700,000
- Receivables within one year -€141,441
down €141,441 (-19.0%), from €746,342 to €604,901
of which Other amounts receivable: -€136,593
- Cash +€39,258
up €39,258 (+1,882%), from €2,086 to €41,344
mainly Net result for the year (+€574,419) and Receivables within one year (+€141,441)
- Tangible fixed assets +€18,704
up €18,704 (+4.5%), from €418,134 to €436,839
of which Furniture and vehicles: +€29,983
- Reserves +€570,000
up €570,000 (+42.2%), from €1.4m to €1.9m
- Tax, wage and social debts +€37,734
up €37,734 (+85.2%), from €44,312 to €82,045
- Write-downs -€980,000
down €980,000 (-100%), from €980,000 to €0
- Taxes +€192,545
up €192,545, from €0 to €192,545
- Gross operating margin +€88,531
up €88,531 (+11.9%), from €743,338 to €831,869
- Depreciation +€37,276
up €37,276 (+199%), from €18,722 to €55,997
- Other operating charges +€8,467
up €8,467 (+4,043%), from €209 to €8,676
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,166,562 | €1,783,085 | +€616,522 | +52.8% |
| Fixed assets | 21/28 | €418,134 | €436,839 | +€18,704 | +4.5% |
| Tangible fixed assets | 22/27 | €418,134 | €436,839 | +€18,704 | +4.5% |
| Land and buildings | 22 | €50,806 | €39,528 | -€11,278 | -22.2% |
| Furniture and vehicles | 24 | €367,328 | €397,311 | +€29,983 | +8.2% |
| Current assets | 29/58 | €748,428 | €1,346,246 | +€597,818 | +79.9% |
| Amounts receivable within one year | 40/41 | €746,342 | €604,901 | -€141,441 | -19.0% |
| Trade receivables | 40 | €239,565 | €234,717 | -€4,848 | -2.0% |
| Other amounts receivable | 41 | €506,777 | €370,184 | -€136,593 | -27.0% |
| Current investments | 50/53 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €2,086 | €41,344 | +€39,258 | +1,882% |
| Total equity and liabilities | 10/49 | €1,166,562 | €1,783,085 | +€616,522 | +52.8% |
| Equity | 10/15 | €1,108,205 | €1,682,624 | +€574,419 | +51.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,352,000 | €1,922,000 | +€570,000 | +42.2% |
| Distributable reserves | 133 | €1,352,000 | €1,922,000 | +€570,000 | +42.2% |
| Profit (loss) carried forward | 14 | -€253,795 | -€249,376 | +€4,419 | +1.7% |
| Amounts payable | 17/49 | €58,357 | €100,460 | +€42,103 | +72.1% |
| Amounts payable within one year | 42/48 | €58,357 | €100,460 | +€42,103 | +72.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €5,262 | €5,262 | = | 0.0% |
| Credit institutions | 430/8 | €5,262 | €5,262 | = | 0.0% |
| Trade debts | 44 | €8,783 | €13,153 | +€4,369 | +49.7% |
| Suppliers | 440/4 | €8,783 | €13,153 | +€4,369 | +49.7% |
| Taxes, remuneration and social security | 45 | €44,312 | €82,045 | +€37,734 | +85.2% |
| Taxes | 450/3 | €44,312 | €82,045 | +€37,734 | +85.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,722 | €55,997 | +€37,276 | +199% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €980,000 | €0 | -€980,000 | -100% |
| Other operating charges | 640/8 | €209 | €8,676 | +€8,467 | +4,043% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €743,338 | €831,869 | +€88,531 | +11.9% |
| Operating profit (loss) | 9901 | -€255,593 | €767,196 | +€1.0m | |
| Financial charges | 65/66B | €275 | €231 | -€43 | -15.8% |
| Recurring financial charges | 65 | €275 | €231 | -€43 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€255,867 | €766,965 | +€1.0m | |
| Income taxes | 67/77 | €0 | €192,545 | +€192,545 | |
| Profit (loss) for the period | 9904 | -€255,867 | €574,419 | +€830,287 | |
| Profit (loss) for the period to be appropriated | 9905 | -€255,867 | €574,419 | +€830,287 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.