DOKTER ERIC GERMONPRE: what changed
Two fiscal 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 ERIC GERMONPRE
Largest movements
- Receivables within one year +€71,847
up €71,847 (+29.1%), from €246,781 to €318,628
- Cash -€42,943
down €42,943 (-43.8%), from €98,148 to €55,205
mainly Receivables within one year (-€71,847) and Current investments (-€40,752)
- Current investments +€40,752
up €40,752 (+11.6%), from €350,679 to €391,431
- Reserves +€80,000
up €80,000 (+17.5%), from €456,132 to €536,132
of which Distributable reserves: +€80,000
- Tax, wage and social debts -€13,446
down €13,446 (-41.6%), from €32,300 to €18,854
- Gross operating margin -€53,445
down €53,445 (-30.8%), from €173,559 to €120,114
- Taxes -€45,916
down €45,916 (-84.2%), from €54,539 to €8,623
- Write-downs -€24,431
down €24,431 (-100.0%), from €24,431 to €0
- Depreciation +€3,457
up €3,457 (+11.8%), from €29,245 to €32,702
- Financial income +€2,096
up €2,096 (+43.7%), from €4,801 to €6,897
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.
Cash bridge derived
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 | €861,686 | €929,267 | +€67,581 | +7.8% |
| Fixed assets | 21/28 | €163,838 | €161,608 | -€2,230 | -1.4% |
| Intangible fixed assets | 21 | €4,720 | €2,360 | -€2,360 | -50.0% |
| Tangible fixed assets | 22/27 | €158,607 | €158,738 | +€130 | +0.1% |
| Plant, machinery and equipment | 23 | €16,840 | €20,052 | +€3,212 | +19.1% |
| Furniture and vehicles | 24 | €37,073 | €25,382 | -€11,691 | -31.5% |
| Other tangible fixed assets | 26 | €104,694 | €113,304 | +€8,610 | +8.2% |
| Financial fixed assets | 28 | €510 | €510 | = | 0.0% |
| Current assets | 29/58 | €697,848 | €767,659 | +€69,811 | +10.0% |
| Amounts receivable within one year | 40/41 | €246,781 | €318,628 | +€71,847 | +29.1% |
| Other amounts receivable | 41 | €246,781 | €318,628 | +€71,847 | +29.1% |
| Current investments | 50/53 | €350,679 | €391,431 | +€40,752 | +11.6% |
| Cash at bank and in hand | 54/58 | €98,148 | €55,205 | -€42,943 | -43.8% |
| Deferred charges and accrued income | 490/1 | €2,240 | €2,396 | +€155 | +6.9% |
| Total equity and liabilities | 10/49 | €861,686 | €929,267 | +€67,581 | +7.8% |
| Equity | 10/15 | €812,635 | €895,621 | +€82,986 | +10.2% |
| Contributions | 10/11 | €288,592 | €288,592 | = | 0.0% |
| Reserves | 13 | €456,132 | €536,132 | +€80,000 | +17.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €454,273 | €534,273 | +€80,000 | +17.6% |
| Profit (loss) carried forward | 14 | €67,911 | €70,897 | +€2,986 | +4.4% |
| Amounts payable | 17/49 | €49,051 | €33,646 | -€15,405 | -31.4% |
| Amounts payable within one year | 42/48 | €49,051 | €33,646 | -€15,405 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €6,764 | €6,730 | -€34 | -0.5% |
| Trade debts | 44 | €9,987 | €8,062 | -€1,925 | -19.3% |
| Suppliers | 440/4 | €9,987 | €8,062 | -€1,925 | -19.3% |
| Taxes, remuneration and social security | 45 | €32,300 | €18,854 | -€13,446 | -41.6% |
| Taxes | 450/3 | €32,300 | €18,854 | -€13,446 | -41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,245 | €32,702 | +€3,457 | +11.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €24,431 | €0 | -€24,431 | -100.0% |
| Other operating charges | 640/8 | €962 | €1,242 | +€279 | +29.0% |
| Gross operating margin | 9900 | €173,559 | €120,114 | -€53,445 | -30.8% |
| Operating profit (loss) | 9901 | €118,920 | €86,170 | -€32,750 | -27.5% |
| Financial income | 75/76B | €4,801 | €6,897 | +€2,096 | +43.7% |
| Recurring financial income | 75 | €4,801 | €6,897 | +€2,096 | +43.7% |
| Financial charges | 65/66B | €2,519 | €1,458 | -€1,061 | -42.1% |
| Recurring financial charges | 65 | €2,519 | €1,458 | -€1,061 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €121,202 | €91,608 | -€29,593 | -24.4% |
| Income taxes | 67/77 | €54,539 | €8,623 | -€45,916 | -84.2% |
| Profit (loss) for the period | 9904 | €66,663 | €82,986 | +€16,323 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,663 | €82,986 | +€16,323 | +24.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.