Docteur NOÉ: 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 NOÉ
Largest movements
- Cash +€85,728
up €85,728 (+99.1%), from €86,542 to €172,270
mainly Net result for the year (+€39,929) and Other debts (+€38,656)
- Receivables within one year -€38,373
down €38,373 (-49.7%), from €77,157 to €38,784
of which Other amounts receivable: -€29,343
- Intangible fixed assets -€30,500
down €30,500 (-44.4%), from €68,625 to €38,125
- Tangible fixed assets -€5,374
down €5,374 (-48.0%), from €11,194 to €5,821
of which Furniture and vehicles: -€3,828
- Deferred charges and accrued income -€3,315
down €3,315 (-39.6%), from €8,375 to €5,060
- Other debts +€38,656
up €38,656 (+145%), from €26,726 to €65,383
- Reserves -€27,200
down €27,200 (-22.4%), from €121,395 to €94,195
- Debts after one year -€10,043
down €10,043 (-12.5%), from €80,462 to €70,419
- Trade debts +€4,040
up €4,040 (+609%), from €664 to €4,704
- Tax, wage and social debts +€2,953
up €2,953 (+181%), from €1,633 to €4,585
- Gross operating margin +€21,862
up €21,862 (+30.3%), from €72,187 to €94,048
- Taxes +€7,614
up €7,614 (+91.7%), from €8,301 to €15,915
- Staff costs -€4,901
no longer reported in 2025 (was €4,901)
- Depreciation -€1,311
down €1,311 (-3.5%), from €37,185 to €35,874
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 | €253,694 | €261,860 | +€8,167 | +3.2% |
| Fixed assets | 21/28 | €81,619 | €45,746 | -€35,874 | -44.0% |
| Intangible fixed assets | 21 | €68,625 | €38,125 | -€30,500 | -44.4% |
| Tangible fixed assets | 22/27 | €11,194 | €5,821 | -€5,374 | -48.0% |
| Furniture and vehicles | 24 | €6,985 | €3,158 | -€3,828 | -54.8% |
| Other tangible fixed assets | 26 | €4,209 | €2,663 | -€1,546 | -36.7% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €172,074 | €216,114 | +€44,040 | +25.6% |
| Amounts receivable within one year | 40/41 | €77,157 | €38,784 | -€38,373 | -49.7% |
| Trade receivables | 40 | €9,030 | - | -€9,030 | |
| Other amounts receivable | 41 | €68,127 | €38,784 | -€29,343 | -43.1% |
| Cash at bank and in hand | 54/58 | €86,542 | €172,270 | +€85,728 | +99.1% |
| Deferred charges and accrued income | 490/1 | €8,375 | €5,060 | -€3,315 | -39.6% |
| Total equity and liabilities | 10/49 | €253,694 | €261,860 | +€8,167 | +3.2% |
| Equity | 10/15 | €134,330 | €106,726 | -€27,604 | -20.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €121,395 | €94,195 | -€27,200 | -22.4% |
| Distributable reserves | 133 | €121,395 | €94,195 | -€27,200 | -22.4% |
| Profit (loss) carried forward | 14 | €535 | €131 | -€404 | -75.5% |
| Amounts payable | 17/49 | €119,364 | €155,134 | +€35,770 | +30.0% |
| Amounts payable after more than one year | 17 | €80,462 | €70,419 | -€10,043 | -12.5% |
| Financial debts | 170/4 | €80,462 | €70,419 | -€10,043 | -12.5% |
| Amounts payable within one year | 42/48 | €38,902 | €84,715 | +€45,814 | +118% |
| Current portion of amounts payable after more than one year | 42 | €9,879 | €10,043 | +€164 | +1.7% |
| Trade debts | 44 | €664 | €4,704 | +€4,040 | +609% |
| Suppliers | 440/4 | €664 | €4,704 | +€4,040 | +609% |
| Taxes, remuneration and social security | 45 | €1,633 | €4,585 | +€2,953 | +181% |
| Taxes | 450/3 | €1,633 | €4,585 | +€2,953 | +181% |
| Other amounts payable | 47/48 | €26,726 | €65,383 | +€38,656 | +145% |
| Remuneration, social security and pensions | 62 | €4,901 | - | -€4,901 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,185 | €35,874 | -€1,311 | -3.5% |
| Other operating charges | 640/8 | €774 | €741 | -€32 | -4.2% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €72,187 | €94,048 | +€21,862 | +30.3% |
| Operating profit (loss) | 9901 | €29,264 | €57,433 | +€28,169 | +96.3% |
| Financial income | 75/76B | €507 | - | -€507 | |
| Recurring financial income | 75 | €507 | - | -€507 | |
| Financial charges | 65/66B | €1,751 | €1,589 | -€162 | -9.3% |
| Recurring financial charges | 65 | €1,751 | €1,589 | -€162 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €28,020 | €55,845 | +€27,824 | +99.3% |
| Income taxes | 67/77 | €8,301 | €15,915 | +€7,614 | +91.7% |
| Profit (loss) for the period | 9904 | €19,719 | €39,929 | +€20,211 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €19,719 | €39,929 | +€20,211 | +102% |
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 28 October 2026 via checked.be.