DOKTER BART VAN NOTEN: 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 VAN NOTEN
Largest movements
- Current investments -€105,009
down €105,009 (-18.5%), from €567,006 to €461,997
- Cash +€82,288
up €82,288 (+187%), from €43,910 to €126,198
mainly Current investments (+€105,009) and Net result for the year (+€69,616)
- Receivables within one year -€46,731
down €46,731 (-45.0%), from €103,946 to €57,214
of which Trade receivables: -€24,325
- Tangible fixed assets -€40,025
down €40,025 (-44.5%), from €89,897 to €49,871
of which Plant, machinery and equipment: -€26,903
- Reserves -€108,885
down €108,885 (-14.3%), from €760,282 to €651,397
of which Distributable reserves: -€108,885
- Staff costs -€49,809
down €49,809 (-67.8%), from €73,474 to €23,666
- Gross operating margin -€33,350
down €33,350 (-18.8%), from €177,794 to €144,444
- Financial income +€23,446
up €23,446 (+615%), from €3,814 to €27,260
- Taxes +€9,498
up €9,498 (+42.7%), from €22,264 to €31,762
- Other operating charges -€7,475
down €7,475 (-60.9%), from €12,282 to €4,807
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 | €804,759 | €695,281 | -€109,477 | -13.6% |
| Fixed assets | 21/28 | €89,897 | €49,871 | -€40,025 | -44.5% |
| Tangible fixed assets | 22/27 | €89,897 | €49,871 | -€40,025 | -44.5% |
| Land and buildings | 22 | €54,424 | €45,376 | -€9,048 | -16.6% |
| Plant, machinery and equipment | 23 | €28,620 | €1,717 | -€26,903 | -94.0% |
| Furniture and vehicles | 24 | €6,853 | €2,779 | -€4,074 | -59.4% |
| Current assets | 29/58 | €714,862 | €645,410 | -€69,452 | -9.7% |
| Amounts receivable within one year | 40/41 | €103,946 | €57,214 | -€46,731 | -45.0% |
| Trade receivables | 40 | €56,798 | €32,473 | -€24,325 | -42.8% |
| Other amounts receivable | 41 | €47,148 | €24,742 | -€22,406 | -47.5% |
| Current investments | 50/53 | €567,006 | €461,997 | -€105,009 | -18.5% |
| Cash at bank and in hand | 54/58 | €43,910 | €126,198 | +€82,288 | +187% |
| Total equity and liabilities | 10/49 | €804,759 | €695,281 | -€109,477 | -13.6% |
| Equity | 10/15 | €782,635 | €673,750 | -€108,885 | -13.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €760,282 | €651,397 | -€108,885 | -14.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €31,433 | €31,433 | = | 0.0% |
| Distributable reserves | 133 | €726,989 | €618,104 | -€108,885 | -15.0% |
| Profit (loss) carried forward | 14 | €3,753 | €3,753 | = | 0.0% |
| Amounts payable | 17/49 | €22,123 | €21,531 | -€592 | -2.7% |
| Amounts payable within one year | 42/48 | €22,123 | €21,531 | -€592 | -2.7% |
| Trade debts | 44 | €3,197 | €2,101 | -€1,097 | -34.3% |
| Suppliers | 440/4 | €3,197 | €2,101 | -€1,097 | -34.3% |
| Taxes, remuneration and social security | 45 | €18,926 | €19,431 | +€505 | +2.7% |
| Taxes | 450/3 | €16,945 | €16,508 | -€437 | -2.6% |
| Remuneration and social security | 454/9 | €1,981 | €2,923 | +€942 | +47.6% |
| Remuneration, social security and pensions | 62 | €73,474 | €23,666 | -€49,809 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,243 | €41,284 | +€41 | +0.1% |
| Other operating charges | 640/8 | €12,282 | €4,807 | -€7,475 | -60.9% |
| Gross operating margin | 9900 | €177,794 | €144,444 | -€33,350 | -18.8% |
| Operating profit (loss) | 9901 | €50,794 | €74,687 | +€23,893 | +47.0% |
| Financial income | 75/76B | €3,814 | €27,260 | +€23,446 | +615% |
| Recurring financial income | 75 | €3,814 | €27,260 | +€23,446 | +615% |
| Financial charges | 65/66B | €778 | €569 | -€209 | -26.9% |
| Recurring financial charges | 65 | €778 | €569 | -€209 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €53,829 | €101,378 | +€47,549 | +88.3% |
| Income taxes | 67/77 | €22,264 | €31,762 | +€9,498 | +42.7% |
| Profit (loss) for the period | 9904 | €31,565 | €69,616 | +€38,051 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €31,565 | €69,616 | +€38,051 | +121% |
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 27 October 2026 via checked.be.