DOKTER BAILLEUL: 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 BAILLEUL
Largest movements
- Current investments +€66,000
up €66,000 (+8.3%), from €792,976 to €858,976
- Tangible fixed assets -€24,372
down €24,372 (-64.3%), from €37,916 to €13,543
of which Furniture and vehicles: -€13,372
- Deferred charges and accrued income -€22,264
no longer reported in 2025 (was €22,264)
- Cash +€18,358
up €18,358 (+18.6%), from €98,732 to €117,090
mainly Net result for the year (+€118,156) and Depreciation (+€24,372)
- Reserves +€118,150
up €118,150 (+13.8%), from €855,707 to €973,857
of which Distributable reserves: +€118,150
- Other debts -€65,399
down €65,399 (-78.8%), from €82,994 to €17,595
- Tax, wage and social debts -€13,607
down €13,607 (-53.5%), from €25,422 to €11,815
- Gross operating margin -€8,238
down €8,238 (-4.1%), from €202,842 to €194,604
- Depreciation -€3,763
down €3,763 (-13.4%), from €28,136 to €24,372
- Other operating charges -€3,350
down €3,350 (-71.1%), from €4,709 to €1,358
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 | €983,051 | €1,021,871 | +€38,819 | +3.9% |
| Fixed assets | 21/28 | €37,916 | €13,543 | -€24,372 | -64.3% |
| Tangible fixed assets | 22/27 | €37,916 | €13,543 | -€24,372 | -64.3% |
| Plant, machinery and equipment | 23 | €22,000 | €11,000 | -€11,000 | -50.0% |
| Furniture and vehicles | 24 | €15,916 | €2,543 | -€13,372 | -84.0% |
| Current assets | 29/58 | €945,136 | €1,008,327 | +€63,192 | +6.7% |
| Amounts receivable within one year | 40/41 | €31,164 | €32,262 | +€1,098 | +3.5% |
| Other amounts receivable | 41 | €31,164 | €32,262 | +€1,098 | +3.5% |
| Current investments | 50/53 | €792,976 | €858,976 | +€66,000 | +8.3% |
| Cash at bank and in hand | 54/58 | €98,732 | €117,090 | +€18,358 | +18.6% |
| Deferred charges and accrued income | 490/1 | €22,264 | - | -€22,264 | |
| Total equity and liabilities | 10/49 | €983,051 | €1,021,871 | +€38,819 | +3.9% |
| Equity | 10/15 | €874,305 | €992,461 | +€118,156 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €855,707 | €973,857 | +€118,150 | +13.8% |
| 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 | €853,847 | €971,997 | +€118,150 | +13.8% |
| Profit (loss) carried forward | 14 | -€2 | €4 | +€6 | |
| Amounts payable | 17/49 | €108,746 | €29,410 | -€79,337 | -73.0% |
| Amounts payable within one year | 42/48 | €108,746 | €29,410 | -€79,337 | -73.0% |
| Trade debts | 44 | €331 | - | -€331 | |
| Suppliers | 440/4 | €331 | - | -€331 | |
| Taxes, remuneration and social security | 45 | €25,422 | €11,815 | -€13,607 | -53.5% |
| Taxes | 450/3 | €25,422 | €11,815 | -€13,607 | -53.5% |
| Other amounts payable | 47/48 | €82,994 | €17,595 | -€65,399 | -78.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,136 | €24,372 | -€3,763 | -13.4% |
| Other operating charges | 640/8 | €4,709 | €1,358 | -€3,350 | -71.1% |
| Gross operating margin | 9900 | €202,842 | €194,604 | -€8,238 | -4.1% |
| Operating profit (loss) | 9901 | €169,998 | €168,873 | -€1,125 | -0.7% |
| Financial income | 75/76B | €382 | €1 | -€381 | -99.8% |
| Recurring financial income | 75 | €382 | €1 | -€381 | -99.8% |
| Financial charges | 65/66B | €161 | €1 | -€161 | -99.5% |
| Recurring financial charges | 65 | €161 | €1 | -€161 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €170,219 | €168,873 | -€1,346 | -0.8% |
| Income taxes | 67/77 | €52,274 | €50,717 | -€1,557 | -3.0% |
| Profit (loss) for the period | 9904 | €117,945 | €118,156 | +€211 | +0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,945 | €118,156 | +€211 | +0.2% |
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 23 October 2026 via checked.be.