DOKTER BART LESAFFRE: 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 LESAFFRE
Largest movements
- Cash +€117,890
up €117,890 (+83.0%), from €142,040 to €259,930
mainly Net result for the year (+€277,891) and Tax, wage and social debts (+€37,108)
- Current investments +€74,389
up €74,389 (+50.2%), from €148,281 to €222,670
- Receivables within one year +€57,576
up €57,576 (+152%), from €37,840 to €95,416
of which Trade receivables: +€57,576
- Tangible fixed assets -€15,756
down €15,756 (-8.7%), from €181,847 to €166,092
of which Furniture and vehicles: -€11,805
- Reserves +€211,695
up €211,695 (+56.7%), from €373,402 to €585,098
- Tax, wage and social debts +€37,108
up €37,108 (+4,289%), from €865 to €37,974
- Current portion of long-term debt -€13,832
down €13,832 (-53.4%), from €25,898 to €12,065
- Debts after one year -€12,065
down €12,065 (-40.2%), from €30,007 to €17,942
- Other debts +€11,980
up €11,980 (+20.8%), from €57,667 to €69,647
- Gross operating margin +€153,209
up €153,209 (+59.2%), from €258,688 to €411,898
- Taxes +€53,184
up €53,184 (+75.0%), from €70,892 to €124,076
- Financial income +€10,253
up €10,253 (+11,510%), from €89 to €10,342
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 | €519,349 | €753,119 | +€233,770 | +45.0% |
| Fixed assets | 21/28 | €181,847 | €166,092 | -€15,756 | -8.7% |
| Tangible fixed assets | 22/27 | €181,847 | €166,092 | -€15,756 | -8.7% |
| Land and buildings | 22 | €140,758 | €137,305 | -€3,452 | -2.5% |
| Plant, machinery and equipment | 23 | €1,577 | €1,079 | -€498 | -31.6% |
| Furniture and vehicles | 24 | €39,512 | €27,707 | -€11,805 | -29.9% |
| Current assets | 29/58 | €337,502 | €587,027 | +€249,526 | +73.9% |
| Amounts receivable within one year | 40/41 | €37,840 | €95,416 | +€57,576 | +152% |
| Trade receivables | 40 | €37,840 | €95,416 | +€57,576 | +152% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €148,281 | €222,670 | +€74,389 | +50.2% |
| Cash at bank and in hand | 54/58 | €142,040 | €259,930 | +€117,890 | +83.0% |
| Deferred charges and accrued income | 490/1 | €9,341 | €9,011 | -€330 | -3.5% |
| Total equity and liabilities | 10/49 | €519,349 | €753,119 | +€233,770 | +45.0% |
| Equity | 10/15 | €385,802 | €597,498 | +€211,695 | +54.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €373,402 | €585,098 | +€211,695 | +56.7% |
| Distributable reserves | 133 | €373,402 | €585,098 | +€211,695 | +56.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,546 | €155,622 | +€22,075 | +16.5% |
| Amounts payable after more than one year | 17 | €30,007 | €17,942 | -€12,065 | -40.2% |
| Financial debts | 170/4 | €30,007 | €17,942 | -€12,065 | -40.2% |
| Amounts payable within one year | 42/48 | €103,540 | €137,680 | +€34,140 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €25,898 | €12,065 | -€13,832 | -53.4% |
| Financial debts | 43 | €17,500 | €17,500 | = | 0.0% |
| Credit institutions | 430/8 | €17,500 | €17,500 | = | 0.0% |
| Trade debts | 44 | €1,611 | €495 | -€1,116 | -69.3% |
| Suppliers | 440/4 | €1,611 | €495 | -€1,116 | -69.3% |
| Taxes, remuneration and social security | 45 | €865 | €37,974 | +€37,108 | +4,289% |
| Taxes | 450/3 | €865 | €37,974 | +€37,108 | +4,289% |
| Other amounts payable | 47/48 | €57,667 | €69,647 | +€11,980 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,756 | €15,756 | = | 0.0% |
| Other operating charges | 640/8 | €480 | €494 | +€14 | +2.9% |
| Gross operating margin | 9900 | €258,688 | €411,898 | +€153,209 | +59.2% |
| Operating profit (loss) | 9901 | €242,453 | €395,648 | +€153,195 | +63.2% |
| Financial income | 75/76B | €89 | €10,342 | +€10,253 | +11,510% |
| Recurring financial income | 75 | €89 | €10,342 | +€10,253 | +11,510% |
| Financial charges | 65/66B | €6,145 | €4,023 | -€2,122 | -34.5% |
| Recurring financial charges | 65 | €6,145 | €4,023 | -€2,122 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €236,397 | €401,967 | +€165,570 | +70.0% |
| Income taxes | 67/77 | €70,892 | €124,076 | +€53,184 | +75.0% |
| Profit (loss) for the period | 9904 | €165,505 | €277,891 | +€112,386 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €165,505 | €277,891 | +€112,386 | +67.9% |
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 13 October 2026 via checked.be.