DOKTER GERAEDTS: 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 GERAEDTS
Largest movements
- Receivables within one year -€400,067
down €400,067 (-75.9%), from €526,920 to €126,852
of which Other amounts receivable: -€377,271
- Tangible fixed assets +€79,183
up €79,183 (+692%), from €11,435 to €90,618
of which Furniture and vehicles: +€79,793
- Cash +€26,173
up €26,173 (+16.2%), from €161,542 to €187,715
mainly Receivables within one year (+€400,067) and Net result for the year (+€359,468)
- Reserves -€412,382
down €412,382 (-22.6%), from €1.8m to €1.4m
of which Distributable reserves: -€412,382
- Debts after one year +€65,813
up €65,813, from €0 to €65,813
- Financial income +€83,555
up €83,555 (+108%), from €77,276 to €160,830
- Gross operating margin -€36,492
down €36,492 (-8.5%), from €429,032 to €392,541
- Taxes +€21,518
up €21,518 (+14.2%), from €151,336 to €172,854
- Staff costs -€11,491
down €11,491 (-100%), from €11,491 to €0
- Depreciation +€10,551
up €10,551 (+466%), from €2,266 to €12,817
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,847,788 | €1,531,820 | -€315,968 | -17.1% |
| Fixed assets | 21/28 | €16,435 | €95,618 | +€79,183 | +482% |
| Tangible fixed assets | 22/27 | €11,435 | €90,618 | +€79,183 | +692% |
| Plant, machinery and equipment | 23 | €2,381 | €1,771 | -€610 | -25.6% |
| Furniture and vehicles | 24 | €4,254 | €84,047 | +€79,793 | +1,876% |
| Other tangible fixed assets | 26 | €4,800 | €4,800 | = | 0.0% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €1,831,352 | €1,436,201 | -€395,151 | -21.6% |
| Amounts receivable after more than one year | 29 | €514,000 | €509,000 | -€5,000 | -1.0% |
| Other amounts receivable | 291 | €514,000 | €509,000 | -€5,000 | -1.0% |
| Amounts receivable within one year | 40/41 | €526,920 | €126,852 | -€400,067 | -75.9% |
| Trade receivables | 40 | €137,366 | €114,570 | -€22,796 | -16.6% |
| Other amounts receivable | 41 | €389,554 | €12,282 | -€377,271 | -96.8% |
| Current investments | 50/53 | €571,154 | €553,047 | -€18,107 | -3.2% |
| Cash at bank and in hand | 54/58 | €161,542 | €187,715 | +€26,173 | +16.2% |
| Deferred charges and accrued income | 490/1 | €57,737 | €59,587 | +€1,851 | +3.2% |
| Total equity and liabilities | 10/49 | €1,847,788 | €1,531,820 | -€315,968 | -17.1% |
| Equity | 10/15 | €1,823,249 | €1,410,867 | -€412,382 | -22.6% |
| Reserves | 13 | €1,823,249 | €1,410,867 | -€412,382 | -22.6% |
| Tax-exempt reserves | 132 | €230 | €230 | = | 0.0% |
| Distributable reserves | 133 | €1,823,019 | €1,410,637 | -€412,382 | -22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,539 | €120,953 | +€96,414 | +393% |
| Amounts payable after more than one year | 17 | €0 | €65,813 | +€65,813 | |
| Financial debts | 170/4 | €0 | €65,813 | +€65,813 | |
| Amounts payable within one year | 42/48 | €23,902 | €52,234 | +€28,332 | +119% |
| Current portion of amounts payable after more than one year | 42 | €368 | €17,586 | +€17,218 | +4,674% |
| Trade debts | 44 | €1,025 | €2,204 | +€1,179 | +115% |
| Suppliers | 440/4 | €1,025 | €2,204 | +€1,179 | +115% |
| Taxes, remuneration and social security | 45 | €20,909 | €32,444 | +€11,535 | +55.2% |
| Taxes | 450/3 | €20,909 | €32,444 | +€11,535 | +55.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,600 | €0 | -€1,600 | -100% |
| Accrued charges and deferred income | 492/3 | €637 | €2,905 | +€2,269 | +356% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €11,491 | €0 | -€11,491 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,266 | €12,817 | +€10,551 | +466% |
| Other operating charges | 640/8 | €1,324 | €1,442 | +€119 | +9.0% |
| Gross operating margin | 9900 | €429,032 | €392,541 | -€36,492 | -8.5% |
| Operating profit (loss) | 9901 | €413,951 | €378,281 | -€35,670 | -8.6% |
| Financial income | 75/76B | €77,276 | €160,830 | +€83,555 | +108% |
| Recurring financial income | 75 | €77,276 | €160,830 | +€83,555 | +108% |
| Financial charges | 65/66B | €9,833 | €6,790 | -€3,044 | -31.0% |
| Recurring financial charges | 65 | €9,833 | €6,790 | -€3,044 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €481,394 | €532,322 | +€50,929 | +10.6% |
| Income taxes | 67/77 | €151,336 | €172,854 | +€21,518 | +14.2% |
| Profit (loss) for the period | 9904 | €330,058 | €359,468 | +€29,410 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €330,058 | €359,468 | +€29,410 | +8.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.