Dokter C. De Foer: 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 C. De Foer
Largest movements
- Current investments +€706,030
up €706,030 (+14.3%), from €4.9m to €5.6m
- Cash -€163,612
down €163,612 (-36.2%), from €452,121 to €288,508
mainly Current investments (-€706,030) and Current portion of long-term debt (-€86,167)
- Tangible fixed assets -€94,932
down €94,932 (-16.5%), from €574,526 to €479,595
of which Land and buildings: -€102,960
- Reserves +€543,000
up €543,000 (+9.1%), from €6.0m to €6.5m
- Current portion of long-term debt -€86,167
no longer reported in 2025 (was €86,167)
- Gross operating margin -€324,404
down €324,404 (-28.1%), from €1.2m to €830,730
- Taxes -€90,548
down €90,548 (-28.4%), from €318,752 to €228,204
- Financial income +€34,862
up €34,862 (+43.2%), from €80,757 to €115,619
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 | €6,114,745 | €6,564,031 | +€449,286 | +7.3% |
| Fixed assets | 21/28 | €580,104 | €485,172 | -€94,932 | -16.4% |
| Tangible fixed assets | 22/27 | €574,526 | €479,595 | -€94,932 | -16.5% |
| Land and buildings | 22 | €498,649 | €395,689 | -€102,960 | -20.6% |
| Plant, machinery and equipment | 23 | €5,496 | €37,548 | +€32,052 | +583% |
| Furniture and vehicles | 24 | €70,381 | €46,358 | -€24,023 | -34.1% |
| Financial fixed assets | 28 | €5,578 | €5,578 | = | 0.0% |
| Current assets | 29/58 | €5,534,642 | €6,078,859 | +€544,217 | +9.8% |
| Amounts receivable within one year | 40/41 | €150,000 | €151,800 | +€1,800 | +1.2% |
| Trade receivables | 40 | €150,000 | €80,000 | -€70,000 | -46.7% |
| Other amounts receivable | 41 | - | €71,800 | +€71,800 | |
| Current investments | 50/53 | €4,928,648 | €5,634,678 | +€706,030 | +14.3% |
| Cash at bank and in hand | 54/58 | €452,121 | €288,508 | -€163,612 | -36.2% |
| Deferred charges and accrued income | 490/1 | €3,873 | €3,873 | = | 0.0% |
| Total equity and liabilities | 10/49 | €6,114,745 | €6,564,031 | +€449,286 | +7.3% |
| Equity | 10/15 | €5,979,861 | €6,523,324 | +€543,463 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,956,766 | €6,499,766 | +€543,000 | +9.1% |
| Distributable reserves | 133 | €5,956,766 | €6,499,766 | +€543,000 | +9.1% |
| Profit (loss) carried forward | 14 | €4,495 | €4,957 | +€463 | +10.3% |
| Amounts payable | 17/49 | €134,884 | €40,708 | -€94,177 | -69.8% |
| Amounts payable within one year | 42/48 | €134,884 | €40,708 | -€94,177 | -69.8% |
| Current portion of amounts payable after more than one year | 42 | €86,167 | - | -€86,167 | |
| Trade debts | 44 | €24,351 | €26,724 | +€2,373 | +9.7% |
| Suppliers | 440/4 | €24,351 | €26,724 | +€2,373 | +9.7% |
| Taxes, remuneration and social security | 45 | €8,680 | - | -€8,680 | |
| Taxes | 450/3 | €8,680 | - | -€8,680 | |
| Other amounts payable | 47/48 | €15,687 | €13,984 | -€1,703 | -10.9% |
| Remuneration, social security and pensions | 62 | €118 | - | -€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,792 | €133,299 | -€493 | -0.4% |
| Other operating charges | 640/8 | €32,695 | €39,631 | +€6,936 | +21.2% |
| Gross operating margin | 9900 | €1,155,135 | €830,730 | -€324,404 | -28.1% |
| Operating profit (loss) | 9901 | €988,529 | €657,800 | -€330,729 | -33.5% |
| Financial income | 75/76B | €80,757 | €115,619 | +€34,862 | +43.2% |
| Recurring financial income | 75 | €80,757 | €115,619 | +€34,862 | +43.2% |
| Financial charges | 65/66B | €10,195 | €1,752 | -€8,443 | -82.8% |
| Recurring financial charges | 65 | €10,195 | €1,752 | -€8,443 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €1,059,091 | €771,667 | -€287,424 | -27.1% |
| Income taxes | 67/77 | €318,752 | €228,204 | -€90,548 | -28.4% |
| Profit (loss) for the period | 9904 | €740,339 | €543,463 | -€196,876 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €740,339 | €543,463 | -€196,876 | -26.6% |
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 30 October 2026 via checked.be.