DOKTER ANDREAS MARKOVITZ: 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.
DOKTER ANDREAS MARKOVITZ
Largest movements
- Receivables within one year +€837,648
up €837,648 (+376%), from €222,787 to €1.1m
of which Other amounts receivable: +€834,889
- Receivables after one year -€750,000
down €750,000 (-100%), from €750,000 to €0
- Tangible fixed assets -€39,298
down €39,298 (-28.4%), from €138,602 to €99,304
of which Other tangible fixed assets: -€34,990
- Cash +€20,200
up €20,200 (+67,244%), from €30 to €20,230
mainly Receivables after one year (+€750,000) and Net result for the year (+€160,572)
- Reserves +€160,572
up €160,572 (+31.2%), from €514,404 to €674,977
of which Distributable reserves: +€160,572
- Profit (loss) carried forward -€72,332
down €72,332 (-16.8%), from €430,575 to €358,243
- Current portion of long-term debt -€37,064
down €37,064 (-70.8%), from €52,353 to €15,289
- Short-term financial debts +€31,658
up €31,658 (+67.9%), from €46,600 to €78,257
- Debts after one year -€15,289
down €15,289 (-39.0%), from €39,166 to €23,877
- Financial income -€16,114
down €16,114 (-74.8%), from €21,532 to €5,417
- Depreciation -€12,611
down €12,611 (-23.8%), from €53,079 to €40,468
- Gross operating margin -€8,007
down €8,007 (-2.7%), from €293,957 to €285,951
- Financial charges +€4,257
up €4,257 (+80.3%), from €5,300 to €9,557
of which Non-recurring financial charges: +€3,000
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 | €1,280,807 | €1,351,698 | +€70,891 | +5.5% |
| Fixed assets | 21/28 | €138,702 | €99,404 | -€39,298 | -28.3% |
| Tangible fixed assets | 22/27 | €138,602 | €99,304 | -€39,298 | -28.4% |
| Plant, machinery and equipment | 23 | €4,614 | €6,060 | +€1,446 | +31.3% |
| Furniture and vehicles | 24 | €13,386 | €7,631 | -€5,755 | -43.0% |
| Other tangible fixed assets | 26 | €120,602 | €85,612 | -€34,990 | -29.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €1,142,105 | €1,252,294 | +€110,189 | +9.6% |
| Amounts receivable after more than one year | 29 | €750,000 | €0 | -€750,000 | -100% |
| Other amounts receivable | 291 | €750,000 | €0 | -€750,000 | -100% |
| Amounts receivable within one year | 40/41 | €222,787 | €1,060,435 | +€837,648 | +376% |
| Trade receivables | 40 | €5,346 | €8,105 | +€2,759 | +51.6% |
| Other amounts receivable | 41 | €217,440 | €1,052,330 | +€834,889 | +384% |
| Cash at bank and in hand | 54/58 | €30 | €20,230 | +€20,200 | +67,244% |
| Deferred charges and accrued income | 490/1 | €169,288 | €171,629 | +€2,341 | +1.4% |
| Total equity and liabilities | 10/49 | €1,280,807 | €1,351,698 | +€70,891 | +5.5% |
| Equity | 10/15 | €1,063,580 | €1,151,820 | +€88,240 | +8.3% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €514,404 | €674,977 | +€160,572 | +31.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €495,654 | €656,227 | +€160,572 | +32.4% |
| Profit (loss) carried forward | 14 | €430,575 | €358,243 | -€72,332 | -16.8% |
| Provisions and deferred taxes | 16 | €48,211 | €48,211 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €48,211 | €48,211 | = | 0.0% |
| Pensions and similar obligations | 160 | €48,211 | €48,211 | = | 0.0% |
| Amounts payable | 17/49 | €169,016 | €151,667 | -€17,349 | -10.3% |
| Amounts payable after more than one year | 17 | €39,166 | €23,877 | -€15,289 | -39.0% |
| Financial debts | 170/4 | €39,166 | €23,877 | -€15,289 | -39.0% |
| Amounts payable within one year | 42/48 | €129,850 | €127,790 | -€2,060 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €52,353 | €15,289 | -€37,064 | -70.8% |
| Financial debts | 43 | €46,600 | €78,257 | +€31,658 | +67.9% |
| Credit institutions | 430/8 | €46,600 | €78,257 | +€31,658 | +67.9% |
| Trade debts | 44 | €3,853 | €10,375 | +€6,522 | +169% |
| Suppliers | 440/4 | €3,853 | €10,375 | +€6,522 | +169% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €27,044 | €23,869 | -€3,175 | -11.7% |
| Taxes | 450/3 | €27,044 | €20,869 | -€6,175 | -22.8% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Non-recurring operating income | 76A | €0 | €7,173 | +€7,173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,079 | €40,468 | -€12,611 | -23.8% |
| Other operating charges | 640/8 | €3,445 | €1,882 | -€1,564 | -45.4% |
| Non-recurring operating charges | 66A | - | €76 | +€76 | |
| Gross operating margin | 9900 | €293,957 | €285,951 | -€8,007 | -2.7% |
| Operating profit (loss) | 9901 | €237,433 | €243,525 | +€6,092 | +2.6% |
| Financial income | 75/76B | €21,532 | €5,417 | -€16,114 | -74.8% |
| Recurring financial income | 75 | €21,532 | €5,417 | -€16,114 | -74.8% |
| Financial charges | 65/66B | €5,300 | €9,557 | +€4,257 | +80.3% |
| Recurring financial charges | 65 | €5,300 | €6,557 | +€1,257 | +23.7% |
| Non-recurring financial charges | 66B | - | €3,000 | +€3,000 | |
| Profit (loss) for the period before taxes | 9903 | €253,664 | €239,385 | -€14,279 | -5.6% |
| Income taxes | 67/77 | €80,049 | €78,813 | -€1,236 | -1.5% |
| Profit (loss) for the period | 9904 | €173,615 | €160,572 | -€13,043 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €173,615 | €160,572 | -€13,043 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.