DOKTER ETIENNE BEERNAERT: 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 ETIENNE BEERNAERT
Largest movements
- Cash -€150,901
down €150,901 (-99.4%), from €151,759 to €859
mainly Receivables within one year (-€137,007) and Net result for the year (-€45,134)
- Receivables within one year +€137,007
up €137,007 (+55.2%), from €248,359 to €385,365
- Receivables after one year -€25,000
down €25,000 (-41.0%), from €60,945 to €35,945
- Reserves -€45,134
down €45,134 (-6.5%), from €694,328 to €649,194
- Taxes -€10,454
no longer reported in 2025 (was €10,454)
- Gross operating margin +€5,989
up €5,989 (+12.3%), from -€48,678 to -€42,689
- Other operating charges -€627
down €627 (-18.5%), from €3,381 to €2,754
- Financial income -€600
down €600 (-41.0%), from €1,463 to €863
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 | €894,920 | €855,807 | -€39,113 | -4.4% |
| Fixed assets | 21/28 | €2,087 | €1,676 | -€411 | -19.7% |
| Tangible fixed assets | 22/27 | €2,087 | €1,676 | -€411 | -19.7% |
| Plant, machinery and equipment | 23 | €2,087 | €1,676 | -€411 | -19.7% |
| Current assets | 29/58 | €892,833 | €854,131 | -€38,703 | -4.3% |
| Amounts receivable after more than one year | 29 | €60,945 | €35,945 | -€25,000 | -41.0% |
| Other amounts receivable | 291 | €60,945 | €35,945 | -€25,000 | -41.0% |
| Amounts receivable within one year | 40/41 | €248,359 | €385,365 | +€137,007 | +55.2% |
| Other amounts receivable | 41 | €248,359 | €385,365 | +€137,007 | +55.2% |
| Current investments | 50/53 | €431,770 | €431,770 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €151,759 | €859 | -€150,901 | -99.4% |
| Deferred charges and accrued income | 490/1 | - | €191 | +€191 | |
| Total equity and liabilities | 10/49 | €894,920 | €855,807 | -€39,113 | -4.4% |
| Equity | 10/15 | €706,728 | €661,594 | -€45,134 | -6.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €694,328 | €649,194 | -€45,134 | -6.5% |
| Distributable reserves | 133 | €694,328 | €649,194 | -€45,134 | -6.5% |
| Provisions and deferred taxes | 16 | €177,664 | €177,664 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €177,664 | €177,664 | = | 0.0% |
| Pensions and similar obligations | 160 | €177,664 | €177,664 | = | 0.0% |
| Amounts payable | 17/49 | €10,527 | €16,548 | +€6,021 | +57.2% |
| Amounts payable within one year | 42/48 | €10,527 | €16,548 | +€6,021 | +57.2% |
| Trade debts | 44 | €2,527 | - | -€2,527 | |
| Suppliers | 440/4 | €2,527 | - | -€2,527 | |
| Other amounts payable | 47/48 | €8,000 | €16,548 | +€8,548 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €411 | €411 | = | 0.0% |
| Other operating charges | 640/8 | €3,381 | €2,754 | -€627 | -18.5% |
| Gross operating margin | 9900 | -€48,678 | -€42,689 | +€5,989 | +12.3% |
| Operating profit (loss) | 9901 | -€52,469 | -€45,853 | +€6,616 | +12.6% |
| Financial income | 75/76B | €1,463 | €863 | -€600 | -41.0% |
| Recurring financial income | 75 | €1,463 | €863 | -€600 | -41.0% |
| Financial charges | 65/66B | €67 | €143 | +€76 | +113% |
| Recurring financial charges | 65 | €67 | €143 | +€76 | +113% |
| Profit (loss) for the period before taxes | 9903 | -€51,074 | -€45,134 | +€5,940 | +11.6% |
| Income taxes | 67/77 | €10,454 | - | -€10,454 | |
| Profit (loss) for the period | 9904 | -€61,528 | -€45,134 | +€16,394 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,528 | -€45,134 | +€16,394 | +26.6% |
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 25 October 2026 via checked.be.