Dokter BOGAERTS: 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 BOGAERTS
Largest movements
- Tangible fixed assets -€45,112
down €45,112 (-6.8%), from €659,202 to €614,090
of which Land and buildings: -€26,575
- Cash +€12,137
up €12,137 (+503%), from €2,415 to €14,552
mainly Depreciation (+€45,112) and Net result for the year (+€10,324)
- Debts after one year -€60,000
down €60,000 (-33.3%), from €180,000 to €120,000
- Reserves +€10,324
up €10,324 (+2.5%), from €411,636 to €421,961
of which Distributable reserves: +€12,896
- Other debts +€7,723
up €7,723 (+26.4%), from €29,259 to €36,982
- Gross operating margin +€11,152
up €11,152 (+21.1%), from €52,799 to €63,951
- Taxes +€2,812
up €2,812 (+143%), from €1,962 to €4,774
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 | €668,398 | €631,976 | -€36,422 | -5.4% |
| Fixed assets | 21/28 | €659,202 | €614,090 | -€45,112 | -6.8% |
| Tangible fixed assets | 22/27 | €659,202 | €614,090 | -€45,112 | -6.8% |
| Land and buildings | 22 | €634,724 | €608,149 | -€26,575 | -4.2% |
| Plant, machinery and equipment | 23 | €211 | €211 | = | 0.0% |
| Furniture and vehicles | 24 | €24,266 | €5,729 | -€18,537 | -76.4% |
| Current assets | 29/58 | €9,196 | €17,887 | +€8,690 | +94.5% |
| Amounts receivable within one year | 40/41 | €6,781 | €3,335 | -€3,446 | -50.8% |
| Other amounts receivable | 41 | €6,781 | €3,335 | -€3,446 | -50.8% |
| Cash at bank and in hand | 54/58 | €2,415 | €14,552 | +€12,137 | +503% |
| Total equity and liabilities | 10/49 | €668,398 | €631,976 | -€36,422 | -5.4% |
| Equity | 10/15 | €430,228 | €440,553 | +€10,324 | +2.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €411,636 | €421,961 | +€10,324 | +2.5% |
| Tax-exempt reserves | 132 | €46,253 | €43,681 | -€2,572 | -5.6% |
| Distributable reserves | 133 | €365,383 | €378,279 | +€12,896 | +3.5% |
| Provisions and deferred taxes | 16 | €15,418 | €14,560 | -€857 | -5.6% |
| Deferred taxes | 168 | €15,418 | €14,560 | -€857 | -5.6% |
| Amounts payable | 17/49 | €222,752 | €176,863 | -€45,889 | -20.6% |
| Amounts payable after more than one year | 17 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Financial debts | 170/4 | €180,000 | €120,000 | -€60,000 | -33.3% |
| Amounts payable within one year | 42/48 | €37,597 | €52,829 | +€15,231 | +40.5% |
| Financial debts | 43 | €1,288 | €651 | -€637 | -49.4% |
| Credit institutions | 430/8 | €1,288 | €651 | -€637 | -49.4% |
| Trade debts | 44 | €7,051 | €12,922 | +€5,871 | +83.3% |
| Suppliers | 440/4 | €7,051 | €12,922 | +€5,871 | +83.3% |
| Taxes, remuneration and social security | 45 | - | €2,274 | +€2,274 | |
| Taxes | 450/3 | - | €2,274 | +€2,274 | |
| Other amounts payable | 47/48 | €29,259 | €36,982 | +€7,723 | +26.4% |
| Accrued charges and deferred income | 492/3 | €5,155 | €4,035 | -€1,120 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,497 | €45,112 | -€385 | -0.8% |
| Other operating charges | 640/8 | €4,213 | €3,765 | -€448 | -10.6% |
| Gross operating margin | 9900 | €52,799 | €63,951 | +€11,152 | +21.1% |
| Operating profit (loss) | 9901 | €3,089 | €15,074 | +€11,985 | +388% |
| Financial charges | 65/66B | €888 | €833 | -€55 | -6.2% |
| Recurring financial charges | 65 | €888 | €833 | -€55 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €2,201 | €14,241 | +€12,040 | +547% |
| Transfer from deferred taxes | 780 | €857 | €857 | = | 0.0% |
| Income taxes | 67/77 | €1,962 | €4,774 | +€2,812 | +143% |
| Profit (loss) for the period | 9904 | €1,097 | €10,324 | +€9,228 | +842% |
| Transfer from tax-exempt reserves | 789 | €2,572 | €2,572 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,668 | €12,896 | +€9,228 | +252% |
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 28 October 2026 via checked.be.