DOKTER BERT HOUBEN: 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 BERT HOUBEN
Largest movements
- Cash +€58,046
up €58,046 (+31.7%), from €183,050 to €241,096
mainly Net result for the year (+€159,188) and Depreciation (+€59,275)
- Tangible fixed assets -€49,724
down €49,724 (-11.4%), from €435,879 to €386,154
of which Land and buildings: -€56,693
- Current investments +€27,500
up €27,500 (+34.4%), from €80,000 to €107,500
- Deferred charges and accrued income -€23,859
down €23,859 (-10.4%), from €230,292 to €206,433
- Other debts +€44,314
up €44,314 (+65.9%), from €67,212 to €111,526
- Debts after one year -€26,667
down €26,667 (-66.7%), from €40,000 to €13,333
- Short-term financial debts -€26,600
down €26,600 (-100%), from €26,600 to €0
No income-statement line moved by more than 1% of the activity.
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 | €929,221 | €941,183 | +€11,962 | +1.3% |
| Fixed assets | 21/28 | €435,879 | €386,154 | -€49,724 | -11.4% |
| Tangible fixed assets | 22/27 | €435,879 | €386,154 | -€49,724 | -11.4% |
| Land and buildings | 22 | €432,649 | €375,955 | -€56,693 | -13.1% |
| Plant, machinery and equipment | 23 | €1,179 | €0 | -€1,179 | -100% |
| Furniture and vehicles | 24 | €2,051 | €10,199 | +€8,148 | +397% |
| Current assets | 29/58 | €493,342 | €555,029 | +€61,687 | +12.5% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €80,000 | €107,500 | +€27,500 | +34.4% |
| Cash at bank and in hand | 54/58 | €183,050 | €241,096 | +€58,046 | +31.7% |
| Deferred charges and accrued income | 490/1 | €230,292 | €206,433 | -€23,859 | -10.4% |
| Total equity and liabilities | 10/49 | €929,221 | €941,183 | +€11,962 | +1.3% |
| Equity | 10/15 | €733,794 | €741,925 | +€8,132 | +1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €721,394 | €729,525 | +€8,132 | +1.1% |
| Distributable reserves | 133 | €721,394 | €729,525 | +€8,132 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,427 | €199,257 | +€3,830 | +2.0% |
| Amounts payable after more than one year | 17 | €40,000 | €13,333 | -€26,667 | -66.7% |
| Financial debts | 170/4 | €40,000 | €13,333 | -€26,667 | -66.7% |
| Amounts payable within one year | 42/48 | €147,642 | €172,557 | +€24,915 | +16.9% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Financial debts | 43 | €26,600 | €0 | -€26,600 | -100% |
| Credit institutions | 430/8 | €26,600 | €0 | -€26,600 | -100% |
| Trade debts | 44 | €7,180 | €6,824 | -€356 | -5.0% |
| Suppliers | 440/4 | €7,180 | €6,824 | -€356 | -5.0% |
| Taxes, remuneration and social security | 45 | €19,983 | €27,541 | +€7,558 | +37.8% |
| Taxes | 450/3 | €15,983 | €23,541 | +€7,558 | +47.3% |
| Remuneration and social security | 454/9 | €4,000 | €4,000 | = | 0.0% |
| Other amounts payable | 47/48 | €67,212 | €111,526 | +€44,314 | +65.9% |
| Accrued charges and deferred income | 492/3 | €7,785 | €13,367 | +€5,582 | +71.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,911 | €59,275 | +€1,363 | +2.4% |
| Other operating charges | 640/8 | €3,459 | €3,451 | -€8 | -0.2% |
| Gross operating margin | 9900 | €295,652 | €297,823 | +€2,171 | +0.7% |
| Operating profit (loss) | 9901 | €234,282 | €235,097 | +€816 | +0.3% |
| Financial income | 75/76B | €290 | €1,831 | +€1,542 | +532% |
| Recurring financial income | 75 | €290 | €1,831 | +€1,542 | +532% |
| Financial charges | 65/66B | €10,496 | €7,555 | -€2,941 | -28.0% |
| Recurring financial charges | 65 | €10,496 | €7,555 | -€2,941 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €224,075 | €229,373 | +€5,298 | +2.4% |
| Income taxes | 67/77 | €67,226 | €70,186 | +€2,960 | +4.4% |
| Profit (loss) for the period | 9904 | €156,849 | €159,188 | +€2,339 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €156,849 | €159,188 | +€2,339 | +1.5% |
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.