Docteur VINDERS: 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 VINDERS
Largest movements
- Tangible fixed assets -€31,216
down €31,216 (-49.0%), from €63,770 to €32,554
of which Land and buildings: -€18,488
- Current investments -€9,652
down €9,652 (-13.5%), from €71,384 to €61,732
- Cash -€3,364
down €3,364 (-44.1%), from €7,632 to €4,268
mainly Other debts (-€18,060) and Debts after one year (-€14,445)
- Other debts -€18,060
down €18,060 (-100%), from €18,060 to €0
- Debts after one year -€14,445
down €14,445 (-100%), from €14,445 to €0
- Profit (loss) carried forward -€11,998
down €11,998 (-489%), from -€2,456 to -€14,454
- Gross operating margin -€8,624
down €8,624 (-27.9%), from €30,926 to €22,301
- Financial charges -€744
down €744 (-36.3%), from €2,052 to €1,307
- Financial income -€348
down €348 (-39.8%), from €876 to €527
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 | €148,696 | €103,549 | -€45,147 | -30.4% |
| Fixed assets | 21/28 | €63,770 | €32,554 | -€31,216 | -49.0% |
| Tangible fixed assets | 22/27 | €63,770 | €32,554 | -€31,216 | -49.0% |
| Land and buildings | 22 | €34,000 | €15,511 | -€18,488 | -54.4% |
| Furniture and vehicles | 24 | €27,485 | €15,893 | -€11,592 | -42.2% |
| Other tangible fixed assets | 26 | €2,286 | €1,150 | -€1,136 | -49.7% |
| Current assets | 29/58 | €84,926 | €70,995 | -€13,931 | -16.4% |
| Amounts receivable within one year | 40/41 | €1,137 | €1,252 | +€114 | +10.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,137 | €1,252 | +€114 | +10.1% |
| Current investments | 50/53 | €71,384 | €61,732 | -€9,652 | -13.5% |
| Cash at bank and in hand | 54/58 | €7,632 | €4,268 | -€3,364 | -44.1% |
| Deferred charges and accrued income | 490/1 | €4,772 | €3,743 | -€1,029 | -21.6% |
| Total equity and liabilities | 10/49 | €148,696 | €103,549 | -€45,147 | -30.4% |
| Equity | 10/15 | €99,757 | €87,759 | -€11,998 | -12.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,613 | €83,613 | = | 0.0% |
| Distributable reserves | 133 | €83,613 | €83,613 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,456 | -€14,454 | -€11,998 | -489% |
| Amounts payable | 17/49 | €48,939 | €15,791 | -€33,149 | -67.7% |
| Amounts payable after more than one year | 17 | €14,445 | €0 | -€14,445 | -100% |
| Financial debts | 170/4 | €14,445 | €0 | -€14,445 | -100% |
| Amounts payable within one year | 42/48 | €34,373 | €15,729 | -€18,644 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €16,313 | €15,729 | -€585 | -3.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €18,060 | €0 | -€18,060 | -100% |
| Accrued charges and deferred income | 492/3 | €121 | €62 | -€59 | -48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,312 | €31,216 | -€96 | -0.3% |
| Other operating charges | 640/8 | €2,099 | €2,171 | +€72 | +3.4% |
| Gross operating margin | 9900 | €30,926 | €22,301 | -€8,624 | -27.9% |
| Operating profit (loss) | 9901 | -€2,486 | -€11,086 | -€8,600 | -346% |
| Financial income | 75/76B | €876 | €527 | -€348 | -39.8% |
| Recurring financial income | 75 | €876 | €527 | -€348 | -39.8% |
| Financial charges | 65/66B | €2,052 | €1,307 | -€744 | -36.3% |
| Recurring financial charges | 65 | €2,052 | €1,307 | -€744 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,662 | -€11,866 | -€8,204 | -224% |
| Income taxes | 67/77 | €141 | €132 | -€9 | -6.1% |
| Profit (loss) for the period | 9904 | -€3,802 | -€11,998 | -€8,196 | -216% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,802 | -€11,998 | -€8,196 | -216% |
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 30 October 2026 via checked.be.