Dokter Karin Vanhoonacker: 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 Karin Vanhoonacker
Largest movements
- Cash +€65,800
up €65,800 (+20.5%), from €320,896 to €386,696
mainly Other debts (+€103,214) and Net result for the year (+€77,585)
- Other debts +€103,214
up €103,214 (+607%), from €17,000 to €120,214
- Reserves -€26,300
down €26,300 (-9.3%), from €284,180 to €257,880
of which Distributable reserves: -€26,300
- Tax, wage and social debts -€5,052
down €5,052 (-43.8%), from €11,543 to €6,491
- Gross operating margin -€14,822
down €14,822 (-11.5%), from €128,861 to €114,039
- Taxes -€5,907
down €5,907 (-16.0%), from €37,007 to €31,100
- Financial charges +€2,104
up €2,104, from -€1,322 to €782
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 | €395,766 | €467,506 | +€71,740 | +18.1% |
| Fixed assets | 21/28 | €18,517 | €23,019 | +€4,501 | +24.3% |
| Tangible fixed assets | 22/27 | €17,317 | €21,819 | +€4,501 | +26.0% |
| Plant, machinery and equipment | 23 | €3,427 | €4,450 | +€1,023 | +29.8% |
| Furniture and vehicles | 24 | €12,643 | €16,635 | +€3,992 | +31.6% |
| Other tangible fixed assets | 26 | €1,247 | €733 | -€513 | -41.2% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €377,249 | €444,488 | +€67,239 | +17.8% |
| Amounts receivable within one year | 40/41 | €20,682 | €19,096 | -€1,586 | -7.7% |
| Trade receivables | 40 | €17,944 | €9,755 | -€8,190 | -45.6% |
| Other amounts receivable | 41 | €2,738 | €9,342 | +€6,604 | +241% |
| Current investments | 50/53 | €31,700 | €35,300 | +€3,600 | +11.4% |
| Cash at bank and in hand | 54/58 | €320,896 | €386,696 | +€65,800 | +20.5% |
| Deferred charges and accrued income | 490/1 | €3,970 | €3,395 | -€575 | -14.5% |
| Total equity and liabilities | 10/49 | €395,766 | €467,506 | +€71,740 | +18.1% |
| Equity | 10/15 | €365,685 | €339,470 | -€26,215 | -7.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €284,180 | €257,880 | -€26,300 | -9.3% |
| Tax-exempt reserves | 132 | €520 | €520 | = | 0.0% |
| Distributable reserves | 133 | €283,660 | €257,360 | -€26,300 | -9.3% |
| Profit (loss) carried forward | 14 | €69,105 | €69,190 | +€85 | +0.1% |
| Amounts payable | 17/49 | €30,081 | €128,037 | +€97,956 | +326% |
| Amounts payable within one year | 42/48 | €29,485 | €127,425 | +€97,940 | +332% |
| Trade debts | 44 | €941 | €720 | -€221 | -23.5% |
| Suppliers | 440/4 | €941 | €720 | -€221 | -23.5% |
| Taxes, remuneration and social security | 45 | €11,543 | €6,491 | -€5,052 | -43.8% |
| Taxes | 450/3 | €11,543 | €6,491 | -€5,052 | -43.8% |
| Other amounts payable | 47/48 | €17,000 | €120,214 | +€103,214 | +607% |
| Accrued charges and deferred income | 492/3 | €596 | €611 | +€15 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,323 | €4,681 | +€358 | +8.3% |
| Other operating charges | 640/8 | €637 | €1,904 | +€1,267 | +199% |
| Gross operating margin | 9900 | €128,861 | €114,039 | -€14,822 | -11.5% |
| Operating profit (loss) | 9901 | €123,901 | €107,454 | -€16,447 | -13.3% |
| Financial income | 75/76B | €2,815 | €2,012 | -€803 | -28.5% |
| Recurring financial income | 75 | €2,815 | €2,012 | -€803 | -28.5% |
| Financial charges | 65/66B | -€1,322 | €782 | +€2,104 | |
| Recurring financial charges | 65 | -€1,322 | €782 | +€2,104 | |
| Profit (loss) for the period before taxes | 9903 | €128,038 | €108,684 | -€19,354 | -15.1% |
| Income taxes | 67/77 | €37,007 | €31,100 | -€5,907 | -16.0% |
| Profit (loss) for the period | 9904 | €91,032 | €77,585 | -€13,447 | -14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €91,032 | €77,585 | -€13,447 | -14.8% |
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 20 October 2026 via checked.be.