DOCTEUR THONNARD: 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 THONNARD
Largest movements
- Current investments -€365,244
down €365,244 (-89.9%), from €406,345 to €41,101
- Tangible fixed assets +€83,138
up €83,138 (+113.1%), from €73,480 to €156,618
of which Land and buildings: +€91,847
- Receivables within one year +€74,512
up €74,512 (+1326.1%), from €5,619 to €80,132
of which Trade receivables: +€78,149
- Cash -€24,110
down €24,110 (-43.3%), from €55,641 to €31,531
mainly Contributions, distributions and other (-€250,000) and Other debts (-€212,644)
- Other debts -€212,644
down €212,644 (-50.0%), from €425,644 to €212,999
- Tax, wage and social debts -€35,000
down €35,000 (-42.4%), from €82,500 to €47,500
of which Taxes: -€40,000
- Profit (loss) carried forward +€16,136
up €16,136 (+52.8%), from €30,534 to €46,671
- Gross operating margin +€122,362
up €122,362 (+56.3%), from €217,300 to €339,663
- Taxes +€11,553
up €11,553 (+23.8%), from €48,592 to €60,145
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.
Cash bridge derived
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 | €542,085 | €310,725 | -€231,360 | -42.7% |
| Fixed assets | 21/28 | €74,480 | €157,618 | +€83,138 | +111.6% |
| Tangible fixed assets | 22/27 | €73,480 | €156,618 | +€83,138 | +113.1% |
| Land and buildings | 22 | €46,633 | €138,480 | +€91,847 | +197.0% |
| Plant, machinery and equipment | 23 | €933 | €613 | -€320 | -34.3% |
| Furniture and vehicles | 24 | €6,296 | €390 | -€5,906 | -93.8% |
| Other tangible fixed assets | 26 | €19,617 | €17,135 | -€2,483 | -12.7% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €467,605 | €153,107 | -€314,498 | -67.3% |
| Amounts receivable within one year | 40/41 | €5,619 | €80,132 | +€74,512 | +1326.1% |
| Trade receivables | 40 | - | €78,149 | +€78,149 | |
| Other amounts receivable | 41 | €5,619 | €1,982 | -€3,637 | -64.7% |
| Current investments | 50/53 | €406,345 | €41,101 | -€365,244 | -89.9% |
| Cash at bank and in hand | 54/58 | €55,641 | €31,531 | -€24,110 | -43.3% |
| Deferred charges and accrued income | 490/1 | - | €343 | +€343 | |
| Total equity and liabilities | 10/49 | €542,085 | €310,725 | -€231,360 | -42.7% |
| Equity | 10/15 | €33,834 | €49,971 | +€16,136 | +47.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | €3,000 | = | 0.0% |
| Issued capital | 100 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,534 | €46,671 | +€16,136 | +52.8% |
| Amounts payable | 17/49 | €508,251 | €260,754 | -€247,496 | -48.7% |
| Amounts payable within one year | 42/48 | €508,251 | €260,754 | -€247,496 | -48.7% |
| Trade debts | 44 | €107 | €255 | +€148 | +138.3% |
| Suppliers | 440/4 | €107 | €255 | +€148 | +138.3% |
| Taxes, remuneration and social security | 45 | €82,500 | €47,500 | -€35,000 | -42.4% |
| Taxes | 450/3 | €82,500 | €42,500 | -€40,000 | -48.5% |
| Remuneration and social security | 454/9 | - | €5,000 | +€5,000 | |
| Other amounts payable | 47/48 | €425,644 | €212,999 | -€212,644 | -50.0% |
| Remuneration, social security and pensions | 62 | €1,749 | €1,520 | -€229 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,286 | €11,821 | +€535 | +4.7% |
| Other operating charges | 640/8 | €684 | €528 | -€156 | -22.8% |
| Gross operating margin | 9900 | €217,300 | €339,663 | +€122,362 | +56.3% |
| Operating profit (loss) | 9901 | €203,581 | €325,794 | +€122,213 | +60.0% |
| Financial income | 75/76B | €1,920 | €1,080 | -€840 | -43.7% |
| Recurring financial income | 75 | €1,920 | €1,080 | -€840 | -43.7% |
| Financial charges | 65/66B | €89 | €592 | +€503 | +568.4% |
| Recurring financial charges | 65 | €89 | €592 | +€503 | +568.4% |
| Profit (loss) for the period before taxes | 9903 | €205,412 | €326,282 | +€120,870 | +58.8% |
| Income taxes | 67/77 | €48,592 | €60,145 | +€11,553 | +23.8% |
| Profit (loss) for the period | 9904 | €156,820 | €266,136 | +€109,317 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156,820 | €266,136 | +€109,317 | +69.7% |
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 10 October 2026 via checked.be.