DOCTEUR MARK AYOUB: 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 MARK AYOUB
Largest movements
- Current investments +€100,000
up €100,000 (+50.0%), from €200,000 to €300,000
- Cash -€42,504
down €42,504 (-13.7%), from €309,216 to €266,712
mainly Current investments (-€100,000) and Current portion of long-term debt (-€1,825)
- Tangible fixed assets -€8,579
down €8,579 (-64.5%), from €13,305 to €4,726
of which Furniture and vehicles: -€7,186
- Reserves +€39,100
up €39,100 (+8.5%), from €457,860 to €496,960
- Gross operating margin -€31,131
down €31,131 (-35.4%), from €87,922 to €56,792
- Depreciation -€5,538
down €5,538 (-74.4%), from €7,443 to €1,905
- Financial income +€5,347
up €5,347 (+305%), from €1,753 to €7,100
- Taxes -€4,798
down €4,798 (-18.3%), from €26,217 to €21,419
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 | €537,319 | €580,175 | +€42,857 | +8.0% |
| Fixed assets | 21/28 | €13,305 | €4,726 | -€8,579 | -64.5% |
| Tangible fixed assets | 22/27 | €13,305 | €4,726 | -€8,579 | -64.5% |
| Plant, machinery and equipment | 23 | €6,117 | €4,724 | -€1,393 | -22.8% |
| Furniture and vehicles | 24 | €7,189 | €2 | -€7,186 | -100.0% |
| Current assets | 29/58 | €524,013 | €575,449 | +€51,436 | +9.8% |
| Amounts receivable within one year | 40/41 | €5,158 | €508 | -€4,650 | -90.1% |
| Trade receivables | 40 | €5,158 | €508 | -€4,650 | -90.1% |
| Current investments | 50/53 | €200,000 | €300,000 | +€100,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €309,216 | €266,712 | -€42,504 | -13.7% |
| Deferred charges and accrued income | 490/1 | €9,640 | €8,229 | -€1,410 | -14.6% |
| Total equity and liabilities | 10/49 | €537,319 | €580,175 | +€42,857 | +8.0% |
| Equity | 10/15 | €529,019 | €567,334 | +€38,315 | +7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €457,860 | €496,960 | +€39,100 | +8.5% |
| Distributable reserves | 133 | €457,860 | €496,960 | +€39,100 | +8.5% |
| Profit (loss) carried forward | 14 | €58,759 | €57,974 | -€785 | -1.3% |
| Amounts payable | 17/49 | €8,300 | €12,842 | +€4,542 | +54.7% |
| Amounts payable within one year | 42/48 | €8,300 | €12,842 | +€4,542 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €5,623 | €3,798 | -€1,825 | -32.5% |
| Trade debts | 44 | - | €165 | +€165 | |
| Suppliers | 440/4 | - | €165 | +€165 | |
| Taxes, remuneration and social security | 45 | €2,525 | €5,814 | +€3,289 | +130% |
| Taxes | 450/3 | €2,525 | €5,814 | +€3,289 | +130% |
| Other amounts payable | 47/48 | €152 | €3,065 | +€2,913 | +1,914% |
| Non-recurring operating income | 76A | - | €9,325 | +€9,325 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,443 | €1,905 | -€5,538 | -74.4% |
| Other operating charges | 640/8 | €487 | €500 | +€12 | +2.5% |
| Gross operating margin | 9900 | €87,922 | €56,792 | -€31,131 | -35.4% |
| Operating profit (loss) | 9901 | €79,992 | €54,387 | -€25,605 | -32.0% |
| Financial income | 75/76B | €1,753 | €7,100 | +€5,347 | +305% |
| Recurring financial income | 75 | €1,753 | €7,100 | +€5,347 | +305% |
| Financial charges | 65/66B | €762 | €920 | +€157 | +20.7% |
| Recurring financial charges | 65 | €762 | €920 | +€157 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €80,982 | €60,567 | -€20,415 | -25.2% |
| Income taxes | 67/77 | €26,217 | €21,419 | -€4,798 | -18.3% |
| Profit (loss) for the period | 9904 | €54,765 | €39,148 | -€15,617 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,765 | €39,148 | -€15,617 | -28.5% |
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 30 October 2026 via checked.be.