Dokter E. Raats: 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 E. Raats
Largest movements
- Cash +€14,817
up €14,817 (+11.3%), from €130,895 to €145,711
mainly Depreciation (+€17,771) and Net result for the year (+€4,057)
- Intangible fixed assets -€10,000
down €10,000 (-33.3%), from €30,000 to €20,000
- Tangible fixed assets -€7,771
down €7,771 (-8.7%), from €89,617 to €81,846
of which Land and buildings: -€6,664
- Receivables within one year -€3,871
down €3,871 (-61.4%), from €6,305 to €2,434
of which Other amounts receivable: -€4,358
- Debts after one year -€15,785
down €15,785 (-45.8%), from €34,433 to €18,647
- Reserves +€4,057
up €4,057 (+1.6%), from €247,286 to €251,343
- Gross operating margin -€33,601
down €33,601 (-61.2%), from €54,885 to €21,284
- Taxes -€7,153
down €7,153 (-77.3%), from €9,259 to €2,106
- Financial income +€3,589
up €3,589 (+625%), from €574 to €4,164
- Financial charges -€2,334
down €2,334 (-76.8%), from €3,037 to €704
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 | €360,502 | €351,837 | -€8,664 | -2.4% |
| Fixed assets | 21/28 | €119,617 | €101,846 | -€17,771 | -14.9% |
| Intangible fixed assets | 21 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Tangible fixed assets | 22/27 | €89,617 | €81,846 | -€7,771 | -8.7% |
| Land and buildings | 22 | €86,632 | €79,968 | -€6,664 | -7.7% |
| Plant, machinery and equipment | 23 | €100 | - | -€100 | |
| Furniture and vehicles | 24 | €2,885 | €1,878 | -€1,007 | -34.9% |
| Current assets | 29/58 | €240,885 | €249,992 | +€9,107 | +3.8% |
| Amounts receivable within one year | 40/41 | €6,305 | €2,434 | -€3,871 | -61.4% |
| Trade receivables | 40 | - | €487 | +€487 | |
| Other amounts receivable | 41 | €6,305 | €1,947 | -€4,358 | -69.1% |
| Current investments | 50/53 | €100,000 | €100,671 | +€671 | +0.7% |
| Cash at bank and in hand | 54/58 | €130,895 | €145,711 | +€14,817 | +11.3% |
| Deferred charges and accrued income | 490/1 | €3,685 | €1,175 | -€2,509 | -68.1% |
| Total equity and liabilities | 10/49 | €360,502 | €351,837 | -€8,664 | -2.4% |
| Equity | 10/15 | €259,686 | €263,743 | +€4,057 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €247,286 | €251,343 | +€4,057 | +1.6% |
| Distributable reserves | 133 | €247,286 | €251,343 | +€4,057 | +1.6% |
| Amounts payable | 17/49 | €100,816 | €88,094 | -€12,721 | -12.6% |
| Amounts payable after more than one year | 17 | €34,433 | €18,647 | -€15,785 | -45.8% |
| Financial debts | 170/4 | €34,433 | €18,647 | -€15,785 | -45.8% |
| Amounts payable within one year | 42/48 | €66,383 | €68,777 | +€2,394 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €15,605 | €15,785 | +€181 | +1.2% |
| Taxes, remuneration and social security | 45 | - | €1,667 | +€1,667 | |
| Taxes | 450/3 | - | €1,667 | +€1,667 | |
| Other amounts payable | 47/48 | €50,778 | €51,324 | +€546 | +1.1% |
| Accrued charges and deferred income | 492/3 | - | €671 | +€671 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,140 | €17,771 | -€369 | -2.0% |
| Other operating charges | 640/8 | €832 | €810 | -€23 | -2.7% |
| Gross operating margin | 9900 | €54,885 | €21,284 | -€33,601 | -61.2% |
| Operating profit (loss) | 9901 | €35,913 | €2,703 | -€33,210 | -92.5% |
| Financial income | 75/76B | €574 | €4,164 | +€3,589 | +625% |
| Recurring financial income | 75 | €574 | €4,164 | +€3,589 | +625% |
| Financial charges | 65/66B | €3,037 | €704 | -€2,334 | -76.8% |
| Recurring financial charges | 65 | €3,037 | €704 | -€2,334 | -76.8% |
| Profit (loss) for the period before taxes | 9903 | €33,450 | €6,163 | -€27,287 | -81.6% |
| Income taxes | 67/77 | €9,259 | €2,106 | -€7,153 | -77.3% |
| Profit (loss) for the period | 9904 | €24,191 | €4,057 | -€20,134 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,191 | €4,057 | -€20,134 | -83.2% |
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 15 October 2026 via checked.be.