Docteur Pascal BURGEON: 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 Pascal BURGEON
Largest movements
- Receivables after one year -€119,174
down €119,174 (-91.7%), from €130,000 to €10,826
- Receivables within one year +€47,966
up €47,966 (+59.9%), from €80,136 to €128,102
of which Other amounts receivable: +€46,839
- Cash +€23,433
up €23,433 (+39.5%), from €59,284 to €82,717
mainly Receivables after one year (+€119,174) and Net result for the year (+€55,814)
- Tangible fixed assets -€18,199
down €18,199 (-8.6%), from €210,976 to €192,777
of which Land and buildings: -€12,401
- Deferred charges and accrued income -€7,568
down €7,568 (-81.2%), from €9,321 to €1,753
- Reserves -€71,645
down €71,645 (-20.5%), from €348,691 to €277,046
of which Distributable reserves: -€71,645
- Debts after one year -€20,559
down €20,559 (-23.4%), from €87,696 to €67,137
of which Financial debts: -€18,109
- Tax, wage and social debts +€16,316
up €16,316 (+93.2%), from €17,508 to €33,824
of which Taxes: +€18,186
- Gross operating margin +€14,741
up €14,741 (+10.3%), from €143,663 to €158,404
- Taxes +€5,169
up €5,169 (+27.7%), from €18,685 to €23,854
- Depreciation -€3,518
down €3,518 (-14.5%), from €24,245 to €20,728
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 | €489,717 | €416,174 | -€73,543 | -15.0% |
| Fixed assets | 21/28 | €210,976 | €192,777 | -€18,199 | -8.6% |
| Tangible fixed assets | 22/27 | €210,976 | €192,777 | -€18,199 | -8.6% |
| Land and buildings | 22 | €161,064 | €148,664 | -€12,401 | -7.7% |
| Plant, machinery and equipment | 23 | €42,625 | €37,443 | -€5,182 | -12.2% |
| Furniture and vehicles | 24 | €7,287 | €6,671 | -€616 | -8.5% |
| Current assets | 29/58 | €278,741 | €223,397 | -€55,345 | -19.9% |
| Amounts receivable after more than one year | 29 | €130,000 | €10,826 | -€119,174 | -91.7% |
| Other amounts receivable | 291 | €130,000 | €10,826 | -€119,174 | -91.7% |
| Amounts receivable within one year | 40/41 | €80,136 | €128,102 | +€47,966 | +59.9% |
| Trade receivables | 40 | - | €1,126 | +€1,126 | |
| Other amounts receivable | 41 | €80,136 | €126,975 | +€46,839 | +58.4% |
| Cash at bank and in hand | 54/58 | €59,284 | €82,717 | +€23,433 | +39.5% |
| Deferred charges and accrued income | 490/1 | €9,321 | €1,753 | -€7,568 | -81.2% |
| Total equity and liabilities | 10/49 | €489,717 | €416,174 | -€73,543 | -15.0% |
| Equity | 10/15 | €361,091 | €289,446 | -€71,645 | -19.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €348,691 | €277,046 | -€71,645 | -20.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €341,831 | €270,186 | -€71,645 | -21.0% |
| Amounts payable | 17/49 | €128,626 | €126,729 | -€1,898 | -1.5% |
| Amounts payable after more than one year | 17 | €87,696 | €67,137 | -€20,559 | -23.4% |
| Financial debts | 170/4 | €85,246 | €67,137 | -€18,109 | -21.2% |
| Other amounts payable | 178/9 | €2,450 | - | -€2,450 | |
| Amounts payable within one year | 42/48 | €40,930 | €59,592 | +€18,662 | +45.6% |
| Current portion of amounts payable after more than one year | 42 | €22,813 | €23,268 | +€454 | +2.0% |
| Trade debts | 44 | €609 | - | -€609 | |
| Suppliers | 440/4 | €609 | - | -€609 | |
| Taxes, remuneration and social security | 45 | €17,508 | €33,824 | +€16,316 | +93.2% |
| Taxes | 450/3 | €3,399 | €21,585 | +€18,186 | +535% |
| Remuneration and social security | 454/9 | €14,109 | €12,239 | -€1,870 | -13.3% |
| Other amounts payable | 47/48 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €49,561 | €50,983 | +€1,423 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,245 | €20,728 | -€3,518 | -14.5% |
| Other operating charges | 640/8 | €2,262 | €2,358 | +€96 | +4.3% |
| Gross operating margin | 9900 | €143,663 | €158,404 | +€14,741 | +10.3% |
| Operating profit (loss) | 9901 | €67,595 | €84,335 | +€16,739 | +24.8% |
| Financial charges | 65/66B | €5,289 | €4,667 | -€622 | -11.8% |
| Recurring financial charges | 65 | €5,289 | €4,667 | -€622 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €62,306 | €79,668 | +€17,362 | +27.9% |
| Income taxes | 67/77 | €18,685 | €23,854 | +€5,169 | +27.7% |
| Profit (loss) for the period | 9904 | €43,621 | €55,814 | +€12,193 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,621 | €55,814 | +€12,193 | +28.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.