DOKTER A. MEUL: what changed
DOKTER A. MEUL
Largest movements
- Cash +€92,097
up €92,097 (+54.8%), from €168,147 to €260,244
mainly Receivables within one year (+€53,015) and Net result for the year (+€32,180)
- Receivables within one year -€53,015
down €53,015 (-25.0%), from €212,307 to €159,292
- Reserves +€30,180
up €30,180 (+8.1%), from €373,793 to €403,973
of which Distributable reserves: +€30,180
- Other debts +€4,982
up €4,982 (+224%), from €2,225 to €7,207
- Gross operating margin -€6,042
down €6,042 (-11.4%), from €53,213 to €47,171
- Taxes -€1,248
down €1,248 (-8.7%), from €14,312 to €13,064
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €385,522 | €420,271 | +€34,749 | +9.0% |
| Fixed assets | 21/28 | €2,218 | €735 | -€1,483 | -66.9% |
| Tangible fixed assets | 22/27 | €2,218 | €735 | -€1,483 | -66.9% |
| Furniture and vehicles | 24 | €2,218 | €735 | -€1,483 | -66.9% |
| Current assets | 29/58 | €383,304 | €419,536 | +€36,232 | +9.5% |
| Amounts receivable within one year | 40/41 | €212,307 | €159,292 | -€53,015 | -25.0% |
| Other amounts receivable | 41 | €212,307 | €159,292 | -€53,015 | -25.0% |
| Cash at bank and in hand | 54/58 | €168,147 | €260,244 | +€92,097 | +54.8% |
| Deferred charges and accrued income | 490/1 | €2,850 | - | -€2,850 | |
| Total equity and liabilities | 10/49 | €385,522 | €420,271 | +€34,749 | +9.0% |
| Equity | 10/15 | €379,998 | €410,178 | +€30,180 | +7.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €373,793 | €403,973 | +€30,180 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €371,933 | €402,113 | +€30,180 | +8.1% |
| Amounts payable | 17/49 | €5,524 | €10,093 | +€4,569 | +82.7% |
| Amounts payable within one year | 42/48 | €5,524 | €10,093 | +€4,569 | +82.7% |
| Trade debts | 44 | €241 | €368 | +€127 | +52.7% |
| Suppliers | 440/4 | €241 | €368 | +€127 | +52.7% |
| Taxes, remuneration and social security | 45 | €3,058 | €2,518 | -€540 | -17.7% |
| Taxes | 450/3 | €499 | €2,518 | +€2,019 | +405% |
| Remuneration and social security | 454/9 | €2,559 | - | -€2,559 | |
| Other amounts payable | 47/48 | €2,225 | €7,207 | +€4,982 | +224% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,483 | €1,483 | = | 0.0% |
| Other operating charges | 640/8 | €1,229 | €876 | -€353 | -28.7% |
| Gross operating margin | 9900 | €53,213 | €47,171 | -€6,042 | -11.4% |
| Operating profit (loss) | 9901 | €50,501 | €44,812 | -€5,689 | -11.3% |
| Financial income | 75/76B | - | €528 | +€528 | |
| Recurring financial income | 75 | - | €528 | +€528 | |
| Financial charges | 65/66B | €90 | €96 | +€6 | +6.7% |
| Recurring financial charges | 65 | €90 | €96 | +€6 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €50,411 | €45,244 | -€5,167 | -10.2% |
| Income taxes | 67/77 | €14,312 | €13,064 | -€1,248 | -8.7% |
| Profit (loss) for the period | 9904 | €36,099 | €32,180 | -€3,919 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €36,099 | €32,180 | -€3,919 | -10.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.