DOKTER GUNTER MOERMAN’: what changed
DOKTER GUNTER MOERMAN’
Largest movements
- Tangible fixed assets +€90,794
up €90,794 (+234%), from €38,828 to €129,622
of which Furniture and vehicles: +€53,374
- Cash -€15,213
down €15,213 (-7.2%), from €211,604 to €196,392
mainly Investment in fixed assets (net) (-€123,581) and Debts after one year (-€14,111)
- Receivables within one year -€7,400
down €7,400 (-35.6%), from €20,776 to €13,376
of which Other amounts receivable: -€7,400
- Reserves +€87,920
up €87,920 (+63.3%), from €138,890 to €226,811
of which Distributable reserves: +€87,920
- Debts after one year -€14,111
down €14,111 (-18.7%), from €75,595 to €61,484
- Tax, wage and social debts -€9,978
down €9,978 (-40.0%), from €24,927 to €14,949
- Accrued charges and deferred income +€7,256
up €7,256 (+174%), from €4,178 to €11,434
- Other debts -€4,172
down €4,172 (-27.4%), from €15,224 to €11,052
- Gross operating margin +€82,413
up €82,413 (+113%), from €73,192 to €155,605
- Taxes +€22,962
up €22,962 (+186%), from €12,357 to €35,320
- Depreciation +€4,012
up €4,012 (+13.9%), from €28,775 to €32,787
- Financial income +€3,674
up €3,674 (+571%), from €644 to €4,318
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 | €297,846 | €365,262 | +€67,416 | +22.6% |
| Fixed assets | 21/28 | €38,828 | €129,622 | +€90,794 | +234% |
| Tangible fixed assets | 22/27 | €38,828 | €129,622 | +€90,794 | +234% |
| Plant, machinery and equipment | 23 | €1,990 | €1,251 | -€739 | -37.1% |
| Furniture and vehicles | 24 | €1,724 | €55,098 | +€53,374 | +3,097% |
| Other tangible fixed assets | 26 | €35,114 | €73,273 | +€38,159 | +109% |
| Current assets | 29/58 | €259,018 | €235,640 | -€23,378 | -9.0% |
| Amounts receivable within one year | 40/41 | €20,776 | €13,376 | -€7,400 | -35.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €20,776 | €13,376 | -€7,400 | -35.6% |
| Current investments | 50/53 | €22,282 | €22,282 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €211,604 | €196,392 | -€15,213 | -7.2% |
| Deferred charges and accrued income | 490/1 | €4,356 | €3,591 | -€766 | -17.6% |
| Total equity and liabilities | 10/49 | €297,846 | €365,262 | +€67,416 | +22.6% |
| Equity | 10/15 | €157,482 | €245,403 | +€87,920 | +55.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €138,890 | €226,811 | +€87,920 | +63.3% |
| Tax-exempt reserves | 132 | €2,542 | €2,542 | = | 0.0% |
| Distributable reserves | 133 | €136,349 | €224,269 | +€87,920 | +64.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €140,364 | €119,859 | -€20,504 | -14.6% |
| Amounts payable after more than one year | 17 | €75,595 | €61,484 | -€14,111 | -18.7% |
| Financial debts | 170/4 | €75,595 | €61,484 | -€14,111 | -18.7% |
| Amounts payable within one year | 42/48 | €60,590 | €46,941 | -€13,649 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €14,271 | €14,111 | -€160 | -1.1% |
| Trade debts | 44 | €6,169 | €6,829 | +€660 | +10.7% |
| Suppliers | 440/4 | €6,169 | €6,829 | +€660 | +10.7% |
| Taxes, remuneration and social security | 45 | €24,927 | €14,949 | -€9,978 | -40.0% |
| Taxes | 450/3 | €24,927 | €14,949 | -€9,978 | -40.0% |
| Other amounts payable | 47/48 | €15,224 | €11,052 | -€4,172 | -27.4% |
| Accrued charges and deferred income | 492/3 | €4,178 | €11,434 | +€7,256 | +174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,775 | €32,787 | +€4,012 | +13.9% |
| Other operating charges | 640/8 | €760 | €656 | -€104 | -13.7% |
| Gross operating margin | 9900 | €73,192 | €155,605 | +€82,413 | +113% |
| Operating profit (loss) | 9901 | €43,658 | €122,163 | +€78,506 | +180% |
| Financial income | 75/76B | €644 | €4,318 | +€3,674 | +571% |
| Recurring financial income | 75 | €644 | €4,318 | +€3,674 | +571% |
| Financial charges | 65/66B | €3,342 | €3,241 | -€101 | -3.0% |
| Recurring financial charges | 65 | €3,342 | €3,241 | -€101 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €40,959 | €123,240 | +€82,281 | +201% |
| Income taxes | 67/77 | €12,357 | €35,320 | +€22,962 | +186% |
| Profit (loss) for the period | 9904 | €28,602 | €87,920 | +€59,318 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €28,602 | €87,920 | +€59,318 | +207% |
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 2 November 2026 via checked.be.