Dokter Inge Moerman: 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 Inge Moerman
Largest movements
- Tangible fixed assets +€43,411
up €43,411 (+14.0%), from €309,997 to €353,408
of which Furniture and vehicles: +€52,411
- Cash +€17,188
up €17,188 (+5.7%), from €301,527 to €318,715
mainly Net result for the year (+€56,482) and Depreciation (+€17,849)
- Reserves +€56,482
up €56,482 (+9.3%), from €604,451 to €660,933
- Tax, wage and social debts -€9,171
down €9,171 (-57.0%), from €16,097 to €6,925
of which Taxes: -€9,171
- Depreciation +€7,463
up €7,463 (+71.9%), from €10,386 to €17,849
- Gross operating margin -€2,436
down €2,436 (-2.4%), from €102,271 to €99,835
- Taxes -€2,402
down €2,402 (-9.7%), from €24,879 to €22,477
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 | €645,702 | €696,780 | +€51,078 | +7.9% |
| Fixed assets | 21/28 | €309,997 | €353,408 | +€43,411 | +14.0% |
| Tangible fixed assets | 22/27 | €309,997 | €353,408 | +€43,411 | +14.0% |
| Land and buildings | 22 | €305,993 | €296,993 | -€9,000 | -2.9% |
| Furniture and vehicles | 24 | €4,004 | €56,415 | +€52,411 | +1309.1% |
| Current assets | 29/58 | €335,705 | €343,373 | +€7,668 | +2.3% |
| Amounts receivable within one year | 40/41 | €27,877 | €21,800 | -€6,077 | -21.8% |
| Trade receivables | 40 | €27,877 | €21,800 | -€6,077 | -21.8% |
| Cash at bank and in hand | 54/58 | €301,527 | €318,715 | +€17,188 | +5.7% |
| Deferred charges and accrued income | 490/1 | €6,301 | €2,858 | -€3,444 | -54.7% |
| Total equity and liabilities | 10/49 | €645,702 | €696,780 | +€51,078 | +7.9% |
| Equity | 10/15 | €616,851 | €673,333 | +€56,482 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €604,451 | €660,933 | +€56,482 | +9.3% |
| Distributable reserves | 133 | €604,451 | €660,933 | +€56,482 | +9.3% |
| Amounts payable | 17/49 | €28,851 | €23,448 | -€5,404 | -18.7% |
| Amounts payable within one year | 42/48 | €28,851 | €23,448 | -€5,404 | -18.7% |
| Financial debts | 43 | €5,072 | €5,316 | +€244 | +4.8% |
| Credit institutions | 430/8 | €5,072 | €5,316 | +€244 | +4.8% |
| Trade debts | 44 | €5,880 | €9,099 | +€3,219 | +54.7% |
| Suppliers | 440/4 | €5,880 | €9,099 | +€3,219 | +54.7% |
| Taxes, remuneration and social security | 45 | €16,097 | €6,925 | -€9,171 | -57.0% |
| Taxes | 450/3 | €11,637 | €2,465 | -€9,171 | -78.8% |
| Remuneration and social security | 454/9 | €4,460 | €4,460 | = | 0.0% |
| Other amounts payable | 47/48 | €1,803 | €2,108 | +€305 | +16.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,386 | €17,849 | +€7,463 | +71.9% |
| Other operating charges | 640/8 | €2,381 | €2,042 | -€339 | -14.2% |
| Gross operating margin | 9900 | €102,271 | €99,835 | -€2,436 | -2.4% |
| Operating profit (loss) | 9901 | €89,504 | €79,945 | -€9,559 | -10.7% |
| Financial charges | 65/66B | €605 | €986 | +€381 | +62.9% |
| Recurring financial charges | 65 | €605 | €986 | +€381 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €88,899 | €78,959 | -€9,940 | -11.2% |
| Income taxes | 67/77 | €24,879 | €22,477 | -€2,402 | -9.7% |
| Profit (loss) for the period | 9904 | €64,019 | €56,482 | -€7,537 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €64,019 | €56,482 | -€7,537 | -11.8% |
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 12 October 2026 via checked.be.