DOKTER COTTENIE: 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 COTTENIE
Largest movements
- Current investments -€95,000
no longer reported in 2025 (was €95,000)
- Cash +€68,928
up €68,928 (+628%), from €10,975 to €79,903
mainly Net result for the year (+€151,407) and Current investments (+€95,000)
- Tangible fixed assets -€39,079
down €39,079 (-3.1%), from €1.3m to €1.2m
of which Land and buildings: -€68,907
- Reserves +€151,400
up €151,400 (+24.1%), from €628,609 to €780,009
of which Distributable reserves: +€151,400
- Debts after one year -€125,829
down €125,829 (-33.1%), from €379,915 to €254,086
- Other debts -€110,908
down €110,908 (-80.2%), from €138,255 to €27,347
- Tax, wage and social debts +€17,850
up €17,850 (+109%), from €16,435 to €34,285
of which Taxes: +€13,034
- Gross operating margin +€47,983
up €47,983 (+16.3%), from €293,816 to €341,799
- Depreciation -€25,185
down €25,185 (-25.3%), from €99,414 to €74,229
- Taxes +€17,891
up €17,891 (+33.4%), from €53,503 to €71,394
- Other operating charges +€6,062
up €6,062 (+58.7%), from €10,326 to €16,387
- Financial charges -€3,866
down €3,866 (-18.5%), from €20,849 to €16,984
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 | €1,380,482 | €1,314,490 | -€65,992 | -4.8% |
| Fixed assets | 21/28 | €1,256,513 | €1,217,435 | -€39,079 | -3.1% |
| Tangible fixed assets | 22/27 | €1,256,513 | €1,217,435 | -€39,079 | -3.1% |
| Land and buildings | 22 | €1,197,517 | €1,128,610 | -€68,907 | -5.8% |
| Plant, machinery and equipment | 23 | €2,386 | - | -€2,386 | |
| Furniture and vehicles | 24 | €56,611 | €88,825 | +€32,214 | +56.9% |
| Current assets | 29/58 | €123,969 | €97,056 | -€26,913 | -21.7% |
| Amounts receivable within one year | 40/41 | €833 | - | -€833 | |
| Trade receivables | 40 | €333 | - | -€333 | |
| Other amounts receivable | 41 | €500 | - | -€500 | |
| Current investments | 50/53 | €95,000 | - | -€95,000 | |
| Cash at bank and in hand | 54/58 | €10,975 | €79,903 | +€68,928 | +628% |
| Deferred charges and accrued income | 490/1 | €17,161 | €17,153 | -€8 | 0.0% |
| Total equity and liabilities | 10/49 | €1,380,482 | €1,314,490 | -€65,992 | -4.8% |
| Equity | 10/15 | €715,386 | €866,793 | +€151,407 | +21.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €628,609 | €780,009 | +€151,400 | +24.1% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €572,359 | €723,759 | +€151,400 | +26.5% |
| Profit (loss) carried forward | 14 | €80,579 | €80,586 | +€7 | 0.0% |
| Amounts payable | 17/49 | €665,096 | €447,698 | -€217,398 | -32.7% |
| Amounts payable after more than one year | 17 | €379,915 | €254,086 | -€125,829 | -33.1% |
| Financial debts | 170/4 | €379,915 | €254,086 | -€125,829 | -33.1% |
| Amounts payable within one year | 42/48 | €282,247 | €191,732 | -€90,514 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €122,413 | €125,829 | +€3,416 | +2.8% |
| Trade debts | 44 | €5,144 | €4,272 | -€872 | -17.0% |
| Suppliers | 440/4 | €5,144 | €4,272 | -€872 | -17.0% |
| Taxes, remuneration and social security | 45 | €16,435 | €34,285 | +€17,850 | +109% |
| Taxes | 450/3 | €16,435 | €29,469 | +€13,034 | +79.3% |
| Remuneration and social security | 454/9 | - | €4,816 | +€4,816 | |
| Other amounts payable | 47/48 | €138,255 | €27,347 | -€110,908 | -80.2% |
| Accrued charges and deferred income | 492/3 | €2,934 | €1,879 | -€1,055 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,414 | €74,229 | -€25,185 | -25.3% |
| Other operating charges | 640/8 | €10,326 | €16,387 | +€6,062 | +58.7% |
| Non-recurring operating charges | 66A | - | €12,278 | +€12,278 | |
| Gross operating margin | 9900 | €293,816 | €341,799 | +€47,983 | +16.3% |
| Operating profit (loss) | 9901 | €184,077 | €238,905 | +€54,828 | +29.8% |
| Financial income | 75/76B | €2,085 | €879 | -€1,206 | -57.8% |
| Recurring financial income | 75 | €2,085 | €879 | -€1,206 | -57.8% |
| Financial charges | 65/66B | €20,849 | €16,984 | -€3,866 | -18.5% |
| Recurring financial charges | 65 | €20,849 | €16,984 | -€3,866 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €165,313 | €222,800 | +€57,488 | +34.8% |
| Income taxes | 67/77 | €53,503 | €71,394 | +€17,891 | +33.4% |
| Profit (loss) for the period | 9904 | €111,810 | €151,407 | +€39,597 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €111,810 | €151,407 | +€39,597 | +35.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.