Docteur Philippe Brunner: what changed
Docteur Philippe Brunner
Largest movements
- Cash +€183,901
up €183,901 (+119%), from €154,845 to €338,746
mainly Net result for the year (+€262,072) and Tax, wage and social debts (+€67,590)
- Receivables within one year +€123,756
up €123,756 (+51.7%), from €239,369 to €363,126
of which Other amounts receivable: +€123,002
- Current investments +€30,000
new in 2025: €30,000
- Deferred charges and accrued income -€27,954
down €27,954 (-59.2%), from €47,254 to €19,299
- Tangible fixed assets +€12,691
up €12,691 (+3.7%), from €344,673 to €357,363
of which Plant, machinery and equipment: +€25,962
- Reserves +€262,072
up €262,072 (+53.8%), from €487,048 to €749,119
of which Distributable reserves: +€302,445
- Tax, wage and social debts +€67,590
up €67,590 (+370%), from €18,292 to €85,882
of which Taxes: +€67,495
- Debts after one year -€21,282
down €21,282 (-10.4%), from €205,115 to €183,833
- Trade debts +€13,480
up €13,480 (+336%), from €4,007 to €17,487
- Gross operating margin +€89,377
up €89,377 (+23.1%), from €387,412 to €476,788
- Taxes +€47,042
up €47,042 (+62.0%), from €75,886 to €122,928
- Financial income +€14,734
up €14,734 (+1,724%), from €855 to €15,588
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €791,316 | €1,113,710 | +€322,394 | +40.7% |
| Fixed assets | 21/28 | €349,848 | €362,538 | +€12,691 | +3.6% |
| Tangible fixed assets | 22/27 | €344,673 | €357,363 | +€12,691 | +3.7% |
| Land and buildings | 22 | €295,686 | €294,368 | -€1,318 | -0.4% |
| Plant, machinery and equipment | 23 | €1,459 | €27,422 | +€25,962 | +1,779% |
| Furniture and vehicles | 24 | €47,527 | €35,573 | -€11,954 | -25.2% |
| Financial fixed assets | 28 | €5,175 | €5,175 | = | 0.0% |
| Current assets | 29/58 | €441,468 | €751,172 | +€309,703 | +70.2% |
| Amounts receivable within one year | 40/41 | €239,369 | €363,126 | +€123,756 | +51.7% |
| Trade receivables | 40 | €20,906 | €21,661 | +€755 | +3.6% |
| Other amounts receivable | 41 | €218,464 | €341,465 | +€123,002 | +56.3% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €154,845 | €338,746 | +€183,901 | +119% |
| Deferred charges and accrued income | 490/1 | €47,254 | €19,299 | -€27,954 | -59.2% |
| Total equity and liabilities | 10/49 | €791,316 | €1,113,710 | +€322,394 | +40.7% |
| Equity | 10/15 | €541,931 | €804,002 | +€262,072 | +48.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €487,048 | €749,119 | +€262,072 | +53.8% |
| Tax-exempt reserves | 132 | €82,474 | €42,100 | -€40,374 | -49.0% |
| Distributable reserves | 133 | €404,574 | €707,019 | +€302,445 | +74.8% |
| Profit (loss) carried forward | 14 | €39,883 | €39,883 | = | 0.0% |
| Amounts payable | 17/49 | €249,385 | €309,708 | +€60,322 | +24.2% |
| Amounts payable after more than one year | 17 | €205,115 | €183,833 | -€21,282 | -10.4% |
| Financial debts | 170/4 | €205,115 | €183,833 | -€21,282 | -10.4% |
| Amounts payable within one year | 42/48 | €44,271 | €125,875 | +€81,604 | +184% |
| Current portion of amounts payable after more than one year | 42 | €21,972 | €22,505 | +€534 | +2.4% |
| Trade debts | 44 | €4,007 | €17,487 | +€13,480 | +336% |
| Suppliers | 440/4 | €4,007 | €17,487 | +€13,480 | +336% |
| Taxes, remuneration and social security | 45 | €18,292 | €85,882 | +€67,590 | +370% |
| Taxes | 450/3 | €10,830 | €78,325 | +€67,495 | +623% |
| Remuneration and social security | 454/9 | €7,462 | €7,557 | +€96 | +1.3% |
| Non-recurring operating income | 76A | €2,837 | - | -€2,837 | |
| Remuneration, social security and pensions | 62 | €60,718 | €59,048 | -€1,670 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,500 | €29,749 | +€4,249 | +16.7% |
| Other operating charges | 640/8 | €8,672 | €5,143 | -€3,529 | -40.7% |
| Gross operating margin | 9900 | €387,412 | €476,788 | +€89,377 | +23.1% |
| Operating profit (loss) | 9901 | €292,522 | €382,849 | +€90,328 | +30.9% |
| Financial income | 75/76B | €855 | €15,588 | +€14,734 | +1,724% |
| Recurring financial income | 75 | €855 | €15,588 | +€14,734 | +1,724% |
| Financial charges | 65/66B | €11,125 | €13,438 | +€2,313 | +20.8% |
| Recurring financial charges | 65 | €11,125 | €13,438 | +€2,313 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €282,251 | €385,000 | +€102,748 | +36.4% |
| Income taxes | 67/77 | €75,886 | €122,928 | +€47,042 | +62.0% |
| Profit (loss) for the period | 9904 | €206,365 | €262,072 | +€55,706 | +27.0% |
| Transfer from tax-exempt reserves | 789 | €77,700 | €42,100 | -€35,600 | -45.8% |
| Transfer to tax-exempt reserves | 689 | €84,200 | €1,726 | -€82,474 | -98.0% |
| Profit (loss) for the period to be appropriated | 9905 | €199,865 | €302,445 | +€102,580 | +51.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.