DOKTER J. VALLAEYS: what changed
What changed
DOKTER J. VALLAEYS
filed annual accounts (NBB)
Net result for the year
€287,135
2024 · €294,802-€7,668
Equity
€2.9m
2024 · €2.6m+€287,135
Cash
€202,206
2024 · €244,086-€41,880
Balance sheet total
€3.0m
2024 · €2.9m+€155,452
Largest movements
Assets
- Financial fixed assets +€173,928
up €173,928 (+9.0%), from €1.9m to €2.1m
- Cash -€41,880
down €41,880 (-17.2%), from €244,086 to €202,206
mainly Investment in fixed assets (net) (-€178,893) and Tax, wage and social debts (-€117,139)
Equity and liabilities
- Reserves +€287,135
up €287,135 (+13.7%), from €2.1m to €2.4m
of which Tax-exempt reserves: +€287,135
- Tax, wage and social debts -€117,139
down €117,139 (-66.2%), from €177,023 to €59,884
Income statement
- Financial income +€39,023
up €39,023 (+110%), from €35,608 to €74,631
- Other operating charges +€35,936
up €35,936 (+163%), from €22,034 to €57,970
- Gross operating margin -€10,805
down €10,805 (-2.6%), from €417,217 to €406,413
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.
Result 2024
€294,802
Gross operating margin
-€10,805
Depreciation
-€144
Other operating charges
-€35,936
Financial income
+€39,023
Financial charges
-€2,095
Taxes
+€2,288
Result 2025
€287,135
raises the resultlowers the result
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.
From operations
+€138,363
Investment
-€178,893
Financing
-€1,350
Cash 2024
€244,086
From operations (derived)
+€138,363
Net result for the year
+€287,135
Depreciation
+€7,535
Receivables within one year
-€25,973
Trade debts
-€13,194
Tax, wage and social debts
-€117,139
Investment (derived)
-€178,893
Investment in fixed assets (net)
-€178,893
Financing
-€1,350
Short-term financial debts
-€1,350
Cash 2025
€202,206
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,864,839 | €3,020,291 | +€155,452 | +5.4% |
| Fixed assets | 21/28 | €2,388,121 | €2,559,479 | +€171,358 | +7.2% |
| Tangible fixed assets | 22/27 | €463,443 | €460,874 | -€2,569 | -0.6% |
| Land and buildings | 22 | €392,802 | €391,886 | -€917 | -0.2% |
| Plant, machinery and equipment | 23 | €1,177 | €5,424 | +€4,247 | +361% |
| Furniture and vehicles | 24 | €3,176 | €2,277 | -€899 | -28.3% |
| Other tangible fixed assets | 26 | €66,288 | €61,288 | -€5,000 | -7.5% |
| Financial fixed assets | 28 | €1,924,678 | €2,098,605 | +€173,928 | +9.0% |
| Current assets | 29/58 | €476,718 | €460,812 | -€15,906 | -3.3% |
| Amounts receivable within one year | 40/41 | €232,632 | €258,606 | +€25,973 | +11.2% |
| Other amounts receivable | 41 | €232,632 | €258,606 | +€25,973 | +11.2% |
| Cash at bank and in hand | 54/58 | €244,086 | €202,206 | -€41,880 | -17.2% |
| Total equity and liabilities | 10/49 | €2,864,839 | €3,020,291 | +€155,452 | +5.4% |
| Equity | 10/15 | €2,598,428 | €2,885,562 | +€287,135 | +11.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,095,281 | €2,382,416 | +€287,135 | +13.7% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Legal reserve | 130 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,092,802 | €2,379,937 | +€287,135 | +13.7% |
| Profit (loss) carried forward | 14 | €484,554 | €484,554 | = | 0.0% |
| Amounts payable | 17/49 | €266,411 | €134,729 | -€131,683 | -49.4% |
| Amounts payable within one year | 42/48 | €266,411 | €134,729 | -€131,683 | -49.4% |
| Financial debts | 43 | €1,964 | €614 | -€1,350 | -68.7% |
| Credit institutions | 430/8 | €1,964 | €614 | -€1,350 | -68.7% |
| Trade debts | 44 | €17,424 | €4,230 | -€13,194 | -75.7% |
| Suppliers | 440/4 | €17,424 | €4,230 | -€13,194 | -75.7% |
| Taxes, remuneration and social security | 45 | €177,023 | €59,884 | -€117,139 | -66.2% |
| Taxes | 450/3 | €177,023 | €59,884 | -€117,139 | -66.2% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,391 | €7,535 | +€144 | +1.9% |
| Other operating charges | 640/8 | €22,034 | €57,970 | +€35,936 | +163% |
| Gross operating margin | 9900 | €417,217 | €406,413 | -€10,805 | -2.6% |
| Operating profit (loss) | 9901 | €387,792 | €340,908 | -€46,884 | -12.1% |
| Financial income | 75/76B | €35,608 | €74,631 | +€39,023 | +110% |
| Recurring financial income | 75 | €35,608 | €74,631 | +€39,023 | +110% |
| Financial charges | 65/66B | €2,427 | €4,522 | +€2,095 | +86.3% |
| Recurring financial charges | 65 | €2,427 | €4,522 | +€2,095 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €420,973 | €411,017 | -€9,956 | -2.4% |
| Income taxes | 67/77 | €126,170 | €123,882 | -€2,288 | -1.8% |
| Profit (loss) for the period | 9904 | €294,802 | €287,135 | -€7,668 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €294,802 | €287,135 | -€7,668 | -2.6% |
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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 3 November 2026 via checked.be.