Dokter Ann Dercon: 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 Ann Dercon
Largest movements
- Cash +€63,055
up €63,055 (+51.0%), from €123,716 to €186,771
mainly Net result for the year (+€103,891) and Tax, wage and social debts (+€4,479)
- Current investments +€29,410
up €29,410 (+12.9%), from €227,334 to €256,744
- Receivables within one year +€16,995
up €16,995 (+340%), from €4,992 to €21,988
of which Trade receivables: +€16,995
- Reserves +€103,891
up €103,891 (+38.9%), from €266,824 to €370,715
- Gross operating margin +€18,390
up €18,390 (+14.2%), from €129,060 to €147,450
- Taxes +€6,836
up €6,836 (+19.2%), from €35,537 to €42,373
- Financial income +€3,383
up €3,383 (+582%), from €581 to €3,963
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 | €363,370 | €469,776 | +€106,406 | +29.3% |
| Fixed assets | 21/28 | €4,972 | €2,621 | -€2,352 | -47.3% |
| Tangible fixed assets | 22/27 | €4,972 | €2,621 | -€2,352 | -47.3% |
| Plant, machinery and equipment | 23 | €760 | €960 | +€200 | +26.4% |
| Furniture and vehicles | 24 | €1,652 | €1,661 | +€9 | +0.5% |
| Leasing and similar rights | 25 | €2,560 | €0 | -€2,560 | -100% |
| Current assets | 29/58 | €358,398 | €467,155 | +€108,757 | +30.3% |
| Amounts receivable within one year | 40/41 | €4,992 | €21,988 | +€16,995 | +340% |
| Trade receivables | 40 | €4,992 | €21,988 | +€16,995 | +340% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €227,334 | €256,744 | +€29,410 | +12.9% |
| Cash at bank and in hand | 54/58 | €123,716 | €186,771 | +€63,055 | +51.0% |
| Deferred charges and accrued income | 490/1 | €2,356 | €1,653 | -€703 | -29.9% |
| Total equity and liabilities | 10/49 | €363,370 | €469,776 | +€106,406 | +29.3% |
| Equity | 10/15 | €280,824 | €384,715 | +€103,891 | +37.0% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €266,824 | €370,715 | +€103,891 | +38.9% |
| Distributable reserves | 133 | €266,824 | €370,715 | +€103,891 | +38.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,546 | €85,061 | +€2,515 | +3.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €82,243 | €84,748 | +€2,505 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €3,183 | €0 | -€3,183 | -100% |
| Trade debts | 44 | €2,497 | €5,526 | +€3,029 | +121% |
| Suppliers | 440/4 | €2,497 | €5,526 | +€3,029 | +121% |
| Taxes, remuneration and social security | 45 | €22,567 | €27,046 | +€4,479 | +19.8% |
| Taxes | 450/3 | €22,567 | €27,046 | +€4,479 | +19.8% |
| Other amounts payable | 47/48 | €53,996 | €52,176 | -€1,820 | -3.4% |
| Accrued charges and deferred income | 492/3 | €303 | €313 | +€10 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,152 | €4,110 | -€1,042 | -20.2% |
| Other operating charges | 640/8 | €1,744 | €904 | -€840 | -48.2% |
| Gross operating margin | 9900 | €129,060 | €147,450 | +€18,390 | +14.2% |
| Operating profit (loss) | 9901 | €122,164 | €142,436 | +€20,273 | +16.6% |
| Financial income | 75/76B | €581 | €3,963 | +€3,383 | +582% |
| Recurring financial income | 75 | €581 | €3,963 | +€3,383 | +582% |
| Financial charges | 65/66B | €187 | €135 | -€52 | -27.7% |
| Recurring financial charges | 65 | €187 | €135 | -€52 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €122,557 | €146,264 | +€23,707 | +19.3% |
| Income taxes | 67/77 | €35,537 | €42,373 | +€6,836 | +19.2% |
| Profit (loss) for the period | 9904 | €87,020 | €103,891 | +€16,871 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,020 | €103,891 | +€16,871 | +19.4% |
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 19 October 2026 via checked.be.