DOKTER BART EECKHAUT: 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 BART EECKHAUT
Largest movements
- Current investments +€258,199
up €258,199 (+19.0%), from €1.4m to €1.6m
- Cash +€136,966
up €136,966 (+83.5%), from €164,013 to €300,979
mainly Net result for the year (+€501,714) and Depreciation (+€32,265)
- Tangible fixed assets -€25,824
down €25,824 (-9.9%), from €262,077 to €236,253
of which Furniture and vehicles: -€20,944
- Reserves +€384,609
up €384,609 (+21.3%), from €1.8m to €2.2m
of which Distributable reserves: +€447,759
- Financial income +€201,780
up €201,780 (+1,905%), from €10,595 to €212,375
- Gross operating margin -€163,290
down €163,290 (-24.4%), from €668,748 to €505,459
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 | €1,838,056 | €2,214,564 | +€376,508 | +20.5% |
| Fixed assets | 21/28 | €262,077 | €236,253 | -€25,824 | -9.9% |
| Tangible fixed assets | 22/27 | €262,077 | €236,253 | -€25,824 | -9.9% |
| Land and buildings | 22 | €180,253 | €174,275 | -€5,978 | -3.3% |
| Plant, machinery and equipment | 23 | €7,163 | €10,987 | +€3,824 | +53.4% |
| Furniture and vehicles | 24 | €59,797 | €38,853 | -€20,944 | -35.0% |
| Other tangible fixed assets | 26 | €14,863 | €12,138 | -€2,725 | -18.3% |
| Current assets | 29/58 | €1,575,980 | €1,978,312 | +€402,332 | +25.5% |
| Amounts receivable within one year | 40/41 | €44,290 | €56,457 | +€12,166 | +27.5% |
| Trade receivables | 40 | €44,187 | €48,981 | +€4,794 | +10.8% |
| Other amounts receivable | 41 | €103 | €7,475 | +€7,372 | +7,151% |
| Current investments | 50/53 | €1,359,740 | €1,617,939 | +€258,199 | +19.0% |
| Cash at bank and in hand | 54/58 | €164,013 | €300,979 | +€136,966 | +83.5% |
| Deferred charges and accrued income | 490/1 | €7,936 | €2,937 | -€4,999 | -63.0% |
| Total equity and liabilities | 10/49 | €1,838,056 | €2,214,564 | +€376,508 | +20.5% |
| Equity | 10/15 | €1,818,179 | €2,202,788 | +€384,609 | +21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,805,779 | €2,190,388 | +€384,609 | +21.3% |
| Tax-exempt reserves | 132 | €673,600 | €610,450 | -€63,150 | -9.4% |
| Distributable reserves | 133 | €1,132,179 | €1,579,938 | +€447,759 | +39.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €19,877 | €11,776 | -€8,101 | -40.8% |
| Amounts payable within one year | 42/48 | €7,288 | €3,369 | -€3,918 | -53.8% |
| Trade debts | 44 | €2,382 | €2,335 | -€47 | -2.0% |
| Suppliers | 440/4 | €2,382 | €2,335 | -€47 | -2.0% |
| Taxes, remuneration and social security | 45 | €3,934 | €0 | -€3,934 | -100% |
| Taxes | 450/3 | €3,934 | €0 | -€3,934 | -100% |
| Other amounts payable | 47/48 | €971 | €1,034 | +€63 | +6.5% |
| Accrued charges and deferred income | 492/3 | €12,590 | €8,407 | -€4,183 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,903 | €32,265 | +€362 | +1.1% |
| Other operating charges | 640/8 | €3,047 | €2,562 | -€485 | -15.9% |
| Non-recurring operating charges | 66A | €3,100 | €0 | -€3,100 | -100% |
| Gross operating margin | 9900 | €668,748 | €505,459 | -€163,290 | -24.4% |
| Operating profit (loss) | 9901 | €630,698 | €470,632 | -€160,066 | -25.4% |
| Financial income | 75/76B | €10,595 | €212,375 | +€201,780 | +1,905% |
| Recurring financial income | 75 | €10,595 | €212,375 | +€201,780 | +1,905% |
| Financial charges | 65/66B | €348 | €2,291 | +€1,943 | +558% |
| Recurring financial charges | 65 | €348 | €2,291 | +€1,943 | +558% |
| Profit (loss) for the period before taxes | 9903 | €640,944 | €680,716 | +€39,772 | +6.2% |
| Income taxes | 67/77 | €180,874 | €179,002 | -€1,872 | -1.0% |
| Profit (loss) for the period | 9904 | €460,070 | €501,714 | +€41,643 | +9.1% |
| Transfer from tax-exempt reserves | 789 | €63,150 | €273,650 | +€210,500 | +333% |
| Transfer to tax-exempt reserves | 689 | €252,600 | €210,500 | -€42,100 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €270,620 | €564,864 | +€294,243 | +109% |
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 21 October 2026 via checked.be.