DOCTEUR SAVINE DEVOS: 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 SAVINE DEVOS
Largest movements
- Current investments +€16,000
new in 2025: €16,000
- Receivables within one year -€14,503
down €14,503 (-6.9%), from €210,219 to €195,716
of which Other amounts receivable: -€26,503
- Tangible fixed assets -€12,781
down €12,781 (-8.7%), from €146,378 to €133,597
of which Land and buildings: -€7,158
- Deferred charges and accrued income -€8,083
down €8,083 (-33.1%), from €24,413 to €16,330
- Cash -€7,779
down €7,779 (-62.3%), from €12,494 to €4,715
mainly Contributions, distributions and other (-€125,068) and Current investments (-€16,000)
- Reserves -€106,776
down €106,776 (-49.2%), from €216,908 to €110,131
- Other debts +€59,463
up €59,463 (+90.6%), from €65,605 to €125,068
- Tax, wage and social debts +€11,639
up €11,639 (+132%), from €8,797 to €20,436
of which Taxes: +€11,190
- Current portion of long-term debt +€8,782
up €8,782 (+114%), from €7,693 to €16,474
- Debts after one year -€7,967
down €7,967 (-9.8%), from €81,051 to €73,084
- Gross operating margin -€31,719
down €31,719 (-34.7%), from €91,525 to €59,806
- Taxes -€10,017
down €10,017 (-45.7%), from €21,926 to €11,909
- Staff costs +€4,255
new in 2025: €4,255
- Depreciation +€3,596
up €3,596 (+26.8%), from €13,440 to €17,036
- Financial charges +€3,551
up €3,551 (+84.8%), from €4,189 to €7,740
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 | €396,162 | €371,130 | -€25,032 | -6.3% |
| Fixed assets | 21/28 | €149,035 | €138,370 | -€10,666 | -7.2% |
| Tangible fixed assets | 22/27 | €146,378 | €133,597 | -€12,781 | -8.7% |
| Land and buildings | 22 | €117,317 | €110,160 | -€7,158 | -6.1% |
| Plant, machinery and equipment | 23 | €996 | €516 | -€480 | -48.2% |
| Furniture and vehicles | 24 | €28,065 | €22,921 | -€5,144 | -18.3% |
| Financial fixed assets | 28 | €2,657 | €4,773 | +€2,115 | +79.6% |
| Current assets | 29/58 | €247,126 | €232,761 | -€14,366 | -5.8% |
| Amounts receivable within one year | 40/41 | €210,219 | €195,716 | -€14,503 | -6.9% |
| Trade receivables | 40 | - | €12,000 | +€12,000 | |
| Other amounts receivable | 41 | €210,219 | €183,716 | -€26,503 | -12.6% |
| Current investments | 50/53 | - | €16,000 | +€16,000 | |
| Cash at bank and in hand | 54/58 | €12,494 | €4,715 | -€7,779 | -62.3% |
| Deferred charges and accrued income | 490/1 | €24,413 | €16,330 | -€8,083 | -33.1% |
| Total equity and liabilities | 10/49 | €396,162 | €371,130 | -€25,032 | -6.3% |
| Equity | 10/15 | €231,168 | €124,391 | -€106,776 | -46.2% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €216,908 | €110,131 | -€106,776 | -49.2% |
| Distributable reserves | 133 | €216,908 | €110,131 | -€106,776 | -49.2% |
| Amounts payable | 17/49 | €164,994 | €246,739 | +€81,745 | +49.5% |
| Amounts payable after more than one year | 17 | €81,051 | €73,084 | -€7,967 | -9.8% |
| Financial debts | 170/4 | €81,051 | €73,084 | -€7,967 | -9.8% |
| Amounts payable within one year | 42/48 | €83,943 | €173,655 | +€89,712 | +107% |
| Current portion of amounts payable after more than one year | 42 | €7,693 | €16,474 | +€8,782 | +114% |
| Financial debts | 43 | - | €6,295 | +€6,295 | |
| Other loans | 439 | - | €6,295 | +€6,295 | |
| Trade debts | 44 | €1,848 | €5,381 | +€3,533 | +191% |
| Suppliers | 440/4 | €1,848 | €5,381 | +€3,533 | +191% |
| Taxes, remuneration and social security | 45 | €8,797 | €20,436 | +€11,639 | +132% |
| Taxes | 450/3 | €8,797 | €19,987 | +€11,190 | +127% |
| Remuneration and social security | 454/9 | - | €449 | +€449 | |
| Other amounts payable | 47/48 | €65,605 | €125,068 | +€59,463 | +90.6% |
| Non-recurring operating income | 76A | €13,523 | €51 | -€13,472 | -99.6% |
| Remuneration, social security and pensions | 62 | - | €4,255 | +€4,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,440 | €17,036 | +€3,596 | +26.8% |
| Other operating charges | 640/8 | €680 | €593 | -€88 | -12.9% |
| Non-recurring operating charges | 66A | €78 | - | -€78 | |
| Gross operating margin | 9900 | €91,525 | €59,806 | -€31,719 | -34.7% |
| Operating profit (loss) | 9901 | €77,327 | €37,923 | -€39,404 | -51.0% |
| Financial income | 75/76B | €68 | €18 | -€51 | -73.9% |
| Recurring financial income | 75 | €68 | €18 | -€51 | -73.9% |
| Financial charges | 65/66B | €4,189 | €7,740 | +€3,551 | +84.8% |
| Recurring financial charges | 65 | €4,189 | €7,740 | +€3,551 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €73,207 | €30,201 | -€43,006 | -58.7% |
| Income taxes | 67/77 | €21,926 | €11,909 | -€10,017 | -45.7% |
| Profit (loss) for the period | 9904 | €51,280 | €18,292 | -€32,988 | -64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,280 | €18,292 | -€32,988 | -64.3% |
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 22 October 2026 via checked.be.