DOKTER GERDA SMETS: what changed
DOKTER GERDA SMETS
Largest movements
- Current investments +€143,415
new in 2025: €143,415
- Cash -€123,156
down €123,156 (-55.3%), from €222,843 to €99,687
mainly Current investments (-€143,415) and Investment in fixed assets (net) (-€12,705)
- Tangible fixed assets +€9,650
up €9,650 (+139%), from €6,918 to €16,568
of which Plant, machinery and equipment: +€10,033
- Deferred charges and accrued income +€7,583
up €7,583 (+50.8%), from €14,917 to €22,500
- Receivables within one year -€7,112
no longer reported in 2025 (was €7,112)
- Reserves +€38,000
up €38,000 (+97.4%), from €39,000 to €77,000
- Other debts -€6,285
down €6,285 (-99.5%), from €6,315 to €30
- Accrued charges and deferred income -€6,150
no longer reported in 2025 (was €6,150)
- Tax, wage and social debts +€2,908
up €2,908 (+48.2%), from €6,038 to €8,946
of which Taxes: +€2,408
- Gross operating margin +€31,814
up €31,814 (+104%), from €30,579 to €62,393
- Taxes +€9,730
up €9,730 (+109%), from €8,889 to €18,619
- Financial charges +€1,652
up €1,652 (+2,394%), from €69 to €1,721
- Financial income +€1,117
up €1,117 (+59.5%), from €1,877 to €2,994
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €253,684 | €282,170 | +€28,486 | +11.2% |
| Fixed assets | 21/28 | €8,812 | €16,568 | +€7,756 | +88.0% |
| Intangible fixed assets | 21 | €1,894 | - | -€1,894 | |
| Tangible fixed assets | 22/27 | €6,918 | €16,568 | +€9,650 | +139% |
| Land and buildings | 22 | €1,708 | €1,529 | -€179 | -10.5% |
| Plant, machinery and equipment | 23 | €5,006 | €15,039 | +€10,033 | +200% |
| Furniture and vehicles | 24 | €204 | - | -€204 | |
| Current assets | 29/58 | €244,872 | €265,602 | +€20,730 | +8.5% |
| Amounts receivable within one year | 40/41 | €7,112 | - | -€7,112 | |
| Other amounts receivable | 41 | €7,112 | - | -€7,112 | |
| Current investments | 50/53 | - | €143,415 | +€143,415 | |
| Cash at bank and in hand | 54/58 | €222,843 | €99,687 | -€123,156 | -55.3% |
| Deferred charges and accrued income | 490/1 | €14,917 | €22,500 | +€7,583 | +50.8% |
| Total equity and liabilities | 10/49 | €253,684 | €282,170 | +€28,486 | +11.2% |
| Equity | 10/15 | €232,387 | €271,317 | +€38,930 | +16.8% |
| Contributions | 10/11 | €20,790 | €20,790 | = | 0.0% |
| Reserves | 13 | €39,000 | €77,000 | +€38,000 | +97.4% |
| Distributable reserves | 133 | €39,000 | €77,000 | +€38,000 | +97.4% |
| Profit (loss) carried forward | 14 | €172,597 | €173,527 | +€930 | +0.5% |
| Amounts payable | 17/49 | €21,297 | €10,853 | -€10,444 | -49.0% |
| Amounts payable within one year | 42/48 | €15,147 | €10,853 | -€4,294 | -28.3% |
| Trade debts | 44 | €2,794 | €1,877 | -€917 | -32.8% |
| Suppliers | 440/4 | €2,794 | €1,877 | -€917 | -32.8% |
| Taxes, remuneration and social security | 45 | €6,038 | €8,946 | +€2,908 | +48.2% |
| Taxes | 450/3 | €6,038 | €8,446 | +€2,408 | +39.9% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €6,315 | €30 | -€6,285 | -99.5% |
| Accrued charges and deferred income | 492/3 | €6,150 | - | -€6,150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,014 | €4,949 | -€65 | -1.3% |
| Other operating charges | 640/8 | €1,400 | €1,168 | -€232 | -16.6% |
| Gross operating margin | 9900 | €30,579 | €62,393 | +€31,814 | +104% |
| Operating profit (loss) | 9901 | €24,165 | €56,276 | +€32,111 | +133% |
| Financial income | 75/76B | €1,877 | €2,994 | +€1,117 | +59.5% |
| Recurring financial income | 75 | €1,877 | €2,994 | +€1,117 | +59.5% |
| Financial charges | 65/66B | €69 | €1,721 | +€1,652 | +2,394% |
| Recurring financial charges | 65 | €69 | €1,721 | +€1,652 | +2,394% |
| Profit (loss) for the period before taxes | 9903 | €25,973 | €57,549 | +€31,576 | +122% |
| Income taxes | 67/77 | €8,889 | €18,619 | +€9,730 | +109% |
| Profit (loss) for the period | 9904 | €17,084 | €38,930 | +€21,846 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €17,084 | €38,930 | +€21,846 | +128% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.