DOCTEUR STURTZER: 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 STURTZER
Largest movements
- Receivables within one year +€118,212
up €118,212 (+71.7%), from €164,982 to €283,194
of which Other amounts receivable: +€115,752
- Cash -€11,434
down €11,434 (-42.3%), from €27,052 to €15,618
mainly Contributions, distributions and other (-€283,507) and Receivables within one year (-€118,212)
- Deferred charges and accrued income -€9,558
down €9,558 (-87.1%), from €10,970 to €1,412
- Tangible fixed assets -€7,701
down €7,701 (-18.0%), from €42,695 to €34,994
of which Other tangible fixed assets: -€4,596
- Other debts +€210,865
up €210,865 (+290%), from €72,642 to €283,507
- Reserves -€130,190
down €130,190 (-80.1%), from €162,547 to €32,357
- Current portion of long-term debt +€11,796
new in 2025: €11,796
- Contributions -€3,507
down €3,507 (-87.5%), from €4,007 to €500
- Financial charges -€89,989
down €89,989 (-96.9%), from €92,889 to €2,899
- Gross operating margin +€30,426
up €30,426 (+11.7%), from €260,369 to €290,796
- Taxes +€26,641
up €26,641 (+132%), from €20,136 to €46,777
- Staff costs +€18,034
up €18,034 (+28.6%), from €63,046 to €81,081
- Other operating charges -€3,233
down €3,233 (-70.3%), from €4,600 to €1,367
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 | €245,698 | €335,218 | +€89,519 | +36.4% |
| Fixed assets | 21/28 | €42,695 | €34,994 | -€7,701 | -18.0% |
| Tangible fixed assets | 22/27 | €42,695 | €34,994 | -€7,701 | -18.0% |
| Furniture and vehicles | 24 | €17,586 | €14,481 | -€3,105 | -17.7% |
| Other tangible fixed assets | 26 | €25,109 | €20,513 | -€4,596 | -18.3% |
| Current assets | 29/58 | €203,003 | €300,224 | +€97,221 | +47.9% |
| Amounts receivable within one year | 40/41 | €164,982 | €283,194 | +€118,212 | +71.7% |
| Trade receivables | 40 | - | €2,460 | +€2,460 | |
| Other amounts receivable | 41 | €164,982 | €280,734 | +€115,752 | +70.2% |
| Cash at bank and in hand | 54/58 | €27,052 | €15,618 | -€11,434 | -42.3% |
| Deferred charges and accrued income | 490/1 | €10,970 | €1,412 | -€9,558 | -87.1% |
| Total equity and liabilities | 10/49 | €245,698 | €335,218 | +€89,519 | +36.4% |
| Equity | 10/15 | €166,554 | €32,857 | -€133,697 | -80.3% |
| Contributions | 10/11 | €4,007 | €500 | -€3,507 | -87.5% |
| Reserves | 13 | €162,547 | €32,357 | -€130,190 | -80.1% |
| Distributable reserves | 133 | €162,547 | €32,357 | -€130,190 | -80.1% |
| Amounts payable | 17/49 | €79,144 | €302,361 | +€223,216 | +282% |
| Amounts payable within one year | 42/48 | €79,144 | €302,361 | +€223,216 | +282% |
| Current portion of amounts payable after more than one year | 42 | - | €11,796 | +€11,796 | |
| Trade debts | 44 | €6,020 | €3,993 | -€2,027 | -33.7% |
| Suppliers | 440/4 | €6,020 | €3,993 | -€2,027 | -33.7% |
| Taxes, remuneration and social security | 45 | €482 | €3,065 | +€2,583 | +536% |
| Taxes | 450/3 | - | €1,777 | +€1,777 | |
| Remuneration and social security | 454/9 | €482 | €1,287 | +€806 | +167% |
| Other amounts payable | 47/48 | €72,642 | €283,507 | +€210,865 | +290% |
| Remuneration, social security and pensions | 62 | €63,046 | €81,081 | +€18,034 | +28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,392 | €8,862 | +€1,470 | +19.9% |
| Other operating charges | 640/8 | €4,600 | €1,367 | -€3,233 | -70.3% |
| Gross operating margin | 9900 | €260,369 | €290,796 | +€30,426 | +11.7% |
| Operating profit (loss) | 9901 | €185,332 | €199,486 | +€14,155 | +7.6% |
| Financial charges | 65/66B | €92,889 | €2,899 | -€89,989 | -96.9% |
| Recurring financial charges | 65 | €92,889 | €2,899 | -€89,989 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €92,443 | €196,587 | +€104,144 | +113% |
| Income taxes | 67/77 | €20,136 | €46,777 | +€26,641 | +132% |
| Profit (loss) for the period | 9904 | €72,307 | €149,810 | +€77,503 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €72,307 | €149,810 | +€77,503 | +107% |
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 26 October 2026 via checked.be.