Docteur Thomas Doret: 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 Thomas Doret
Largest movements
- Receivables within one year +€38,654
new in 2025: €38,654
- Cash +€30,615
up €30,615 (+21.5%), from €142,599 to €173,214
mainly Net result for the year (+€118,384) and Depreciation (+€4,475)
- Current investments +€28,500
new in 2025: €28,500
- Reserves +€117,551
up €117,551 (+90.0%), from €130,595 to €248,145
- Debts after one year -€14,500
no longer reported in 2025 (was €14,500)
- Tax, wage and social debts -€4,127
down €4,127 (-47.6%), from €8,665 to €4,538
- Gross operating margin +€10,401
up €10,401 (+6.9%), from €150,772 to €161,173
- Taxes -€2,603
down €2,603 (-6.8%), from €38,035 to €35,432
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 | €158,922 | €257,435 | +€98,514 | +62.0% |
| Fixed assets | 21/28 | €6,139 | €4,702 | -€1,437 | -23.4% |
| Tangible fixed assets | 22/27 | €6,139 | €4,702 | -€1,437 | -23.4% |
| Furniture and vehicles | 24 | €6,139 | €4,702 | -€1,437 | -23.4% |
| Current assets | 29/58 | €152,782 | €252,733 | +€99,951 | +65.4% |
| Amounts receivable within one year | 40/41 | - | €38,654 | +€38,654 | |
| Other amounts receivable | 41 | - | €38,654 | +€38,654 | |
| Current investments | 50/53 | - | €28,500 | +€28,500 | |
| Cash at bank and in hand | 54/58 | €142,599 | €173,214 | +€30,615 | +21.5% |
| Deferred charges and accrued income | 490/1 | €10,183 | €12,364 | +€2,181 | +21.4% |
| Total equity and liabilities | 10/49 | €158,922 | €257,435 | +€98,514 | +62.0% |
| Equity | 10/15 | €133,595 | €251,145 | +€117,551 | +88.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €130,595 | €248,145 | +€117,551 | +90.0% |
| Distributable reserves | 133 | €130,595 | €248,145 | +€117,551 | +90.0% |
| Amounts payable | 17/49 | €25,327 | €6,290 | -€19,037 | -75.2% |
| Amounts payable after more than one year | 17 | €14,500 | - | -€14,500 | |
| Financial debts | 170/4 | €14,500 | - | -€14,500 | |
| Amounts payable within one year | 42/48 | €10,827 | €6,290 | -€4,537 | -41.9% |
| Trade debts | 44 | €1,006 | €919 | -€87 | -8.6% |
| Suppliers | 440/4 | €1,006 | €919 | -€87 | -8.6% |
| Taxes, remuneration and social security | 45 | €8,665 | €4,538 | -€4,127 | -47.6% |
| Taxes | 450/3 | €8,665 | €4,538 | -€4,127 | -47.6% |
| Other amounts payable | 47/48 | €1,156 | €833 | -€323 | -28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,660 | €4,475 | +€815 | +22.3% |
| Other operating charges | 640/8 | €1,399 | €483 | -€916 | -65.5% |
| Gross operating margin | 9900 | €150,772 | €161,173 | +€10,401 | +6.9% |
| Operating profit (loss) | 9901 | €145,713 | €156,215 | +€10,502 | +7.2% |
| Financial income | 75/76B | €1 | €333 | +€332 | +38,138% |
| Recurring financial income | 75 | €1 | €333 | +€332 | +38,138% |
| Financial charges | 65/66B | €2,345 | €2,732 | +€386 | +16.5% |
| Recurring financial charges | 65 | €2,345 | €2,732 | +€386 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €143,368 | €153,816 | +€10,448 | +7.3% |
| Income taxes | 67/77 | €38,035 | €35,432 | -€2,603 | -6.8% |
| Profit (loss) for the period | 9904 | €105,333 | €118,384 | +€13,050 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €105,333 | €118,384 | +€13,050 | +12.4% |
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 14 October 2026 via checked.be.