DOKTER ELLEN HERMANS: 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 ELLEN HERMANS
Largest movements
- Current investments +€30,819
up €30,819 (+14.2%), from €216,625 to €247,444
- Cash -€29,138
down €29,138 (-13.1%), from €223,253 to €194,115
mainly Contributions, distributions and other (-€66,000) and Current investments (-€30,819)
- Reserves +€13,130
up €13,130 (+3.0%), from €438,857 to €451,987
- Other debts -€7,315
down €7,315 (-46.1%), from €15,855 to €8,540
- Tax, wage and social debts -€5,454
down €5,454 (-23.6%), from €23,129 to €17,675
of which Taxes: -€7,686
- Financial income +€1,681
up €1,681 (+192%), from €874 to €2,555
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 | €491,562 | €493,120 | +€1,558 | +0.3% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €491,462 | €493,020 | +€1,558 | +0.3% |
| Amounts receivable within one year | 40/41 | - | €2,242 | +€2,242 | |
| Other amounts receivable | 41 | - | €2,242 | +€2,242 | |
| Current investments | 50/53 | €216,625 | €247,444 | +€30,819 | +14.2% |
| Cash at bank and in hand | 54/58 | €223,253 | €194,115 | -€29,138 | -13.1% |
| Deferred charges and accrued income | 490/1 | €51,584 | €49,219 | -€2,365 | -4.6% |
| Total equity and liabilities | 10/49 | €491,562 | €493,120 | +€1,558 | +0.3% |
| Equity | 10/15 | €451,257 | €464,387 | +€13,130 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €438,857 | €451,987 | +€13,130 | +3.0% |
| Distributable reserves | 133 | €438,857 | €451,987 | +€13,130 | +3.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,306 | €28,733 | -€11,572 | -28.7% |
| Amounts payable within one year | 42/48 | €40,306 | €28,523 | -€11,782 | -29.2% |
| Trade debts | 44 | €1,322 | €2,309 | +€987 | +74.7% |
| Suppliers | 440/4 | €1,322 | €2,309 | +€987 | +74.7% |
| Taxes, remuneration and social security | 45 | €23,129 | €17,675 | -€5,454 | -23.6% |
| Taxes | 450/3 | €23,129 | €15,442 | -€7,686 | -33.2% |
| Remuneration and social security | 454/9 | €0 | €2,232 | +€2,232 | |
| Other amounts payable | 47/48 | €15,855 | €8,540 | -€7,315 | -46.1% |
| Accrued charges and deferred income | 492/3 | €0 | €210 | +€210 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €107,690 | €107,679 | -€11 | 0.0% |
| Operating profit (loss) | 9901 | €107,185 | €107,159 | -€26 | 0.0% |
| Financial income | 75/76B | €874 | €2,555 | +€1,681 | +192% |
| Recurring financial income | 75 | €874 | €2,555 | +€1,681 | +192% |
| Financial charges | 65/66B | €81 | €85 | +€4 | +4.5% |
| Recurring financial charges | 65 | €81 | €85 | +€4 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €107,977 | €109,628 | +€1,651 | +1.5% |
| Income taxes | 67/77 | €30,132 | €30,498 | +€367 | +1.2% |
| Profit (loss) for the period | 9904 | €77,846 | €79,130 | +€1,284 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,846 | €79,130 | +€1,284 | +1.7% |
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 31 October 2026 via checked.be.