DOKTER J. MÜLLER: 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 J. MÜLLER
Largest movements
- Cash +€147,367
up €147,367 (+103%), from €143,602 to €290,970
mainly Net result for the year (+€120,924) and Deferred charges and accrued income (+€77,937)
- Deferred charges and accrued income -€77,937
down €77,937 (-37.9%), from €205,773 to €127,836
- Tangible fixed assets +€60,526
up €60,526 (+935%), from €6,472 to €66,998
of which Leasing and similar rights: +€55,664
- Receivables within one year +€13,097
up €13,097 (+39.6%), from €33,041 to €46,138
- Reserves +€120,100
up €120,100 (+45.2%), from €265,810 to €385,910
of which Distributable reserves: +€120,100
- Debts after one year +€44,445
new in 2025: €44,445
- Tax, wage and social debts -€33,190
down €33,190 (-87.6%), from €37,873 to €4,683
- Current portion of long-term debt +€12,151
new in 2025: €12,151
- Gross operating margin +€30,802
up €30,802 (+19.7%), from €156,212 to €187,014
- Depreciation +€10,678
up €10,678 (+382%), from €2,797 to €13,475
- Other operating charges +€2,127
up €2,127 (+1,803%), from €118 to €2,245
- Taxes +€1,997
up €1,997 (+4.2%), from €47,702 to €49,699
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 | €389,638 | €532,691 | +€143,053 | +36.7% |
| Fixed assets | 21/28 | €7,222 | €67,748 | +€60,526 | +838% |
| Tangible fixed assets | 22/27 | €6,472 | €66,998 | +€60,526 | +935% |
| Plant, machinery and equipment | 23 | €1,980 | €4,041 | +€2,061 | +104% |
| Furniture and vehicles | 24 | €4,493 | €7,293 | +€2,801 | +62.3% |
| Leasing and similar rights | 25 | - | €55,664 | +€55,664 | |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €382,416 | €464,943 | +€82,527 | +21.6% |
| Amounts receivable within one year | 40/41 | €33,041 | €46,138 | +€13,097 | +39.6% |
| Other amounts receivable | 41 | €33,041 | €46,138 | +€13,097 | +39.6% |
| Cash at bank and in hand | 54/58 | €143,602 | €290,970 | +€147,367 | +103% |
| Deferred charges and accrued income | 490/1 | €205,773 | €127,836 | -€77,937 | -37.9% |
| Total equity and liabilities | 10/49 | €389,638 | €532,691 | +€143,053 | +36.7% |
| Equity | 10/15 | €338,124 | €458,248 | +€120,124 | +35.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €265,810 | €385,910 | +€120,100 | +45.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €263,950 | €384,050 | +€120,100 | +45.5% |
| Profit (loss) carried forward | 14 | €59,914 | €59,938 | +€24 | 0.0% |
| Amounts payable | 17/49 | €51,514 | €74,444 | +€22,929 | +44.5% |
| Amounts payable after more than one year | 17 | - | €44,445 | +€44,445 | |
| Financial debts | 170/4 | - | €44,445 | +€44,445 | |
| Amounts payable within one year | 42/48 | €51,499 | €29,999 | -€21,500 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | - | €12,151 | +€12,151 | |
| Trade debts | 44 | €13,066 | €12,605 | -€462 | -3.5% |
| Suppliers | 440/4 | €13,066 | €12,605 | -€462 | -3.5% |
| Taxes, remuneration and social security | 45 | €37,873 | €4,683 | -€33,190 | -87.6% |
| Taxes | 450/3 | €37,873 | €4,683 | -€33,190 | -87.6% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Non-recurring operating income | 76A | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,797 | €13,475 | +€10,678 | +382% |
| Other operating charges | 640/8 | €118 | €2,245 | +€2,127 | +1,803% |
| Gross operating margin | 9900 | €156,212 | €187,014 | +€30,802 | +19.7% |
| Operating profit (loss) | 9901 | €153,297 | €171,294 | +€17,997 | +11.7% |
| Financial income | 75/76B | - | €635 | +€635 | |
| Recurring financial income | 75 | - | €635 | +€635 | |
| Financial charges | 65/66B | €92 | €1,307 | +€1,215 | +1,315% |
| Recurring financial charges | 65 | €92 | €1,307 | +€1,215 | +1,315% |
| Profit (loss) for the period before taxes | 9903 | €153,205 | €170,622 | +€17,417 | +11.4% |
| Income taxes | 67/77 | €47,702 | €49,699 | +€1,997 | +4.2% |
| Profit (loss) for the period | 9904 | €105,503 | €120,924 | +€15,421 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €105,503 | €120,924 | +€15,421 | +14.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.