DOKTER BERT MASUREEL: 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 MASUREEL
Largest movements
- Cash -€101,468
down €101,468 (-47.7%), from €212,867 to €111,398
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€40,413)
- Current investments +€30,000
up €30,000 (+16.9%), from €178,000 to €208,000
- Tangible fixed assets +€23,018
up €23,018 (+103%), from €22,322 to €45,339
of which Furniture and vehicles: +€23,932
- Receivables within one year -€7,517
down €7,517 (-8.3%), from €90,349 to €82,833
- Reserves -€31,951
down €31,951 (-7.4%), from €430,577 to €398,626
- Accrued charges and deferred income -€25,663
down €25,663 (-80.0%), from €32,065 to €6,401
- Tax, wage and social debts +€5,605
up €5,605 (+768%), from €730 to €6,335
of which Remuneration and social security: +€3,220
- Other debts -€5,394
down €5,394 (-41.2%), from €13,085 to €7,691
- Gross operating margin +€19,123
up €19,123 (+20.2%), from €94,781 to €113,905
- Depreciation +€7,690
up €7,690 (+79.2%), from €9,706 to €17,395
- Taxes +€3,914
up €3,914 (+16.0%), from €24,471 to €28,385
- Other operating charges +€2,455
up €2,455 (+124%), from €1,982 to €4,437
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 | €506,059 | €449,820 | -€56,239 | -11.1% |
| Fixed assets | 21/28 | €22,322 | €45,339 | +€23,018 | +103% |
| Tangible fixed assets | 22/27 | €22,322 | €45,339 | +€23,018 | +103% |
| Plant, machinery and equipment | 23 | €2,485 | €1,571 | -€914 | -36.8% |
| Furniture and vehicles | 24 | €19,837 | €43,769 | +€23,932 | +121% |
| Current assets | 29/58 | €483,738 | €404,481 | -€79,257 | -16.4% |
| Amounts receivable within one year | 40/41 | €90,349 | €82,833 | -€7,517 | -8.3% |
| Other amounts receivable | 41 | €90,349 | €82,833 | -€7,517 | -8.3% |
| Current investments | 50/53 | €178,000 | €208,000 | +€30,000 | +16.9% |
| Cash at bank and in hand | 54/58 | €212,867 | €111,398 | -€101,468 | -47.7% |
| Deferred charges and accrued income | 490/1 | €2,522 | €2,250 | -€272 | -10.8% |
| Total equity and liabilities | 10/49 | €506,059 | €449,820 | -€56,239 | -11.1% |
| Equity | 10/15 | €449,177 | €417,226 | -€31,951 | -7.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,577 | €398,626 | -€31,951 | -7.4% |
| Distributable reserves | 133 | €430,577 | €398,626 | -€31,951 | -7.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,882 | €32,594 | -€24,288 | -42.7% |
| Amounts payable within one year | 42/48 | €24,817 | €26,193 | +€1,376 | +5.5% |
| Financial debts | 43 | €8,454 | €8,426 | -€29 | -0.3% |
| Credit institutions | 430/8 | €8,454 | €8,426 | -€29 | -0.3% |
| Trade debts | 44 | €2,549 | €3,742 | +€1,193 | +46.8% |
| Suppliers | 440/4 | €2,549 | €3,742 | +€1,193 | +46.8% |
| Taxes, remuneration and social security | 45 | €730 | €6,335 | +€5,605 | +768% |
| Taxes | 450/3 | €730 | €3,115 | +€2,385 | +327% |
| Remuneration and social security | 454/9 | €0 | €3,220 | +€3,220 | |
| Other amounts payable | 47/48 | €13,085 | €7,691 | -€5,394 | -41.2% |
| Accrued charges and deferred income | 492/3 | €32,065 | €6,401 | -€25,663 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,706 | €17,395 | +€7,690 | +79.2% |
| Other operating charges | 640/8 | €1,982 | €4,437 | +€2,455 | +124% |
| Gross operating margin | 9900 | €94,781 | €113,905 | +€19,123 | +20.2% |
| Operating profit (loss) | 9901 | €83,093 | €92,073 | +€8,979 | +10.8% |
| Financial income | 75/76B | €5,612 | €5,524 | -€88 | -1.6% |
| Recurring financial income | 75 | €5,612 | €5,524 | -€88 | -1.6% |
| Financial charges | 65/66B | €1,084 | €1,163 | +€79 | +7.3% |
| Recurring financial charges | 65 | €1,084 | €1,163 | +€79 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €87,621 | €96,434 | +€8,813 | +10.1% |
| Income taxes | 67/77 | €24,471 | €28,385 | +€3,914 | +16.0% |
| Profit (loss) for the period | 9904 | €63,150 | €68,049 | +€4,898 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,150 | €68,049 | +€4,898 | +7.8% |
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 25 October 2026 via checked.be.