DOKTER BART LAFAUT: 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 LAFAUT
Largest movements
- Current investments +€150,304
up €150,304 (+15.2%), from €988,311 to €1.1m
- Cash -€144,232
down €144,232 (-76.7%), from €188,059 to €43,827
mainly Contributions, distributions and other (-€235,775) and Current investments (-€150,304)
- Reserves -€88,106
down €88,106 (-9.0%), from €978,785 to €890,680
of which Distributable reserves: -€88,106
- Tax, wage and social debts +€50,452
new in 2025: €50,452
- Other debts +€38,499
up €38,499 (+20.3%), from €189,441 to €227,940
- Gross operating margin -€154,714
down €154,714 (-43.5%), from €355,983 to €201,269
- Other operating charges -€62,703
down €62,703 (-99.6%), from €62,934 to €231
- Taxes -€12,011
down €12,011 (-14.6%), from €82,301 to €70,291
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 | €1,183,335 | €1,182,443 | -€893 | -0.1% |
| Fixed assets | 21/28 | €2,500 | - | -€2,500 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €1,180,835 | €1,182,443 | +€1,607 | +0.1% |
| Amounts receivable within one year | 40/41 | €4,465 | - | -€4,465 | |
| Trade receivables | 40 | €1,735 | - | -€1,735 | |
| Other amounts receivable | 41 | €2,730 | - | -€2,730 | |
| Current investments | 50/53 | €988,311 | €1,138,616 | +€150,304 | +15.2% |
| Cash at bank and in hand | 54/58 | €188,059 | €43,827 | -€144,232 | -76.7% |
| Total equity and liabilities | 10/49 | €1,183,335 | €1,182,443 | -€893 | -0.1% |
| Equity | 10/15 | €991,185 | €903,080 | -€88,106 | -8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €978,785 | €890,680 | -€88,106 | -9.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €976,930 | €888,825 | -€88,106 | -9.0% |
| Amounts payable | 17/49 | €192,150 | €279,363 | +€87,213 | +45.4% |
| Amounts payable within one year | 42/48 | €192,150 | €279,363 | +€87,213 | +45.4% |
| Trade debts | 44 | €2,708 | €971 | -€1,738 | -64.2% |
| Suppliers | 440/4 | €2,708 | €971 | -€1,738 | -64.2% |
| Taxes, remuneration and social security | 45 | - | €50,452 | +€50,452 | |
| Taxes | 450/3 | - | €50,452 | +€50,452 | |
| Other amounts payable | 47/48 | €189,441 | €227,940 | +€38,499 | +20.3% |
| Other operating charges | 640/8 | €62,934 | €231 | -€62,703 | -99.6% |
| Gross operating margin | 9900 | €355,983 | €201,269 | -€154,714 | -43.5% |
| Operating profit (loss) | 9901 | €293,050 | €201,038 | -€92,012 | -31.4% |
| Financial income | 75/76B | €13,960 | €17,378 | +€3,419 | +24.5% |
| Recurring financial income | 75 | €13,960 | €17,378 | +€3,419 | +24.5% |
| Financial charges | 65/66B | €613 | €457 | -€157 | -25.5% |
| Recurring financial charges | 65 | €613 | €457 | -€157 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €306,396 | €217,960 | -€88,436 | -28.9% |
| Income taxes | 67/77 | €82,301 | €70,291 | -€12,011 | -14.6% |
| Profit (loss) for the period | 9904 | €224,095 | €147,669 | -€76,426 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €224,095 | €147,669 | -€76,426 | -34.1% |
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 26 October 2026 via checked.be.