DOKTER DAVID DE LOECKER: what changed
DOKTER DAVID DE LOECKER
Largest movements
- Cash +€660,870
up €660,870 (+374%), from €176,867 to €837,737
mainly Receivables within one year (+€541,597) and Other debts (+€253,343)
- Receivables within one year -€541,597
down €541,597 (-98.7%), from €548,503 to €6,906
of which Other amounts receivable: -€541,597
- Tangible fixed assets -€67,456
down €67,456 (-32.2%), from €209,423 to €141,967
of which Land and buildings: -€63,727
- Deferred charges and accrued income +€61,164
up €61,164 (+711%), from €8,607 to €69,771
- Other debts +€253,343
up €253,343 (+158%), from €160,600 to €413,943
- Reserves -€125,946
down €125,946 (-20.0%), from €630,311 to €504,365
of which Distributable reserves: -€124,086
- Current portion of long-term debt -€23,473
down €23,473 (-53.6%), from €43,759 to €20,286
- Tax, wage and social debts +€23,076
up €23,076 (+192%), from €12,032 to €35,108
- Debts after one year -€20,286
down €20,286 (-24.8%), from €81,744 to €61,458
- Gross operating margin +€152,208
up €152,208 (+59.5%), from €255,616 to €407,824
- Taxes +€39,093
up €39,093 (+62.8%), from €62,205 to €101,298
- Financial income -€22,862
down €22,862 (-99.6%), from €22,952 to €89
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €943,400 | €1,056,381 | +€112,981 | +12.0% |
| Fixed assets | 21/28 | €209,423 | €141,967 | -€67,456 | -32.2% |
| Tangible fixed assets | 22/27 | €209,423 | €141,967 | -€67,456 | -32.2% |
| Land and buildings | 22 | €198,836 | €135,109 | -€63,727 | -32.1% |
| Plant, machinery and equipment | 23 | €4 | €0 | -€4 | -100% |
| Furniture and vehicles | 24 | €10,287 | €6,858 | -€3,429 | -33.3% |
| Other tangible fixed assets | 26 | €296 | €0 | -€296 | -100% |
| Current assets | 29/58 | €733,977 | €914,414 | +€180,437 | +24.6% |
| Amounts receivable within one year | 40/41 | €548,503 | €6,906 | -€541,597 | -98.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €548,503 | €6,906 | -€541,597 | -98.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €176,867 | €837,737 | +€660,870 | +374% |
| Deferred charges and accrued income | 490/1 | €8,607 | €69,771 | +€61,164 | +711% |
| Total equity and liabilities | 10/49 | €943,400 | €1,056,381 | +€112,981 | +12.0% |
| Equity | 10/15 | €642,711 | €516,765 | -€125,946 | -19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €630,311 | €504,365 | -€125,946 | -20.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €628,451 | €504,365 | -€124,086 | -19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,689 | €539,617 | +€238,928 | +79.5% |
| Amounts payable after more than one year | 17 | €81,744 | €61,458 | -€20,286 | -24.8% |
| Financial debts | 170/4 | €81,744 | €61,458 | -€20,286 | -24.8% |
| Amounts payable within one year | 42/48 | €218,946 | €478,159 | +€259,213 | +118% |
| Current portion of amounts payable after more than one year | 42 | €43,759 | €20,286 | -€23,473 | -53.6% |
| Trade debts | 44 | €2,554 | €8,822 | +€6,268 | +245% |
| Suppliers | 440/4 | €2,554 | €8,822 | +€6,268 | +245% |
| Taxes, remuneration and social security | 45 | €12,032 | €35,108 | +€23,076 | +192% |
| Taxes | 450/3 | €12,032 | €35,108 | +€23,076 | +192% |
| Other amounts payable | 47/48 | €160,600 | €413,943 | +€253,343 | +158% |
| Non-recurring operating income | 76A | - | €250 | +€250 | |
| Remuneration, social security and pensions | 62 | - | €1,615 | +€1,615 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,455 | €68,669 | +€1,213 | +1.8% |
| Other operating charges | 640/8 | €5,127 | €4,343 | -€785 | -15.3% |
| Non-recurring operating charges | 66A | - | €381 | +€381 | |
| Gross operating margin | 9900 | €255,616 | €407,824 | +€152,208 | +59.5% |
| Operating profit (loss) | 9901 | €183,034 | €332,816 | +€149,782 | +81.8% |
| Financial income | 75/76B | €22,952 | €89 | -€22,862 | -99.6% |
| Recurring financial income | 75 | €22,952 | €89 | -€22,862 | -99.6% |
| Financial charges | 65/66B | €5,765 | €4,761 | -€1,004 | -17.4% |
| Recurring financial charges | 65 | €5,765 | €4,761 | -€1,004 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €200,220 | €328,144 | +€127,924 | +63.9% |
| Income taxes | 67/77 | €62,205 | €101,298 | +€39,093 | +62.8% |
| Profit (loss) for the period | 9904 | €138,016 | €226,846 | +€88,831 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €138,016 | €226,846 | +€88,831 | +64.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.