DOKTER KATRIEN LAGET: 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 KATRIEN LAGET
Largest movements
- Current investments +€280,517
up €280,517 (+15.2%), from €1.8m to €2.1m
- Reserves +€191,030
up €191,030 (+17.2%), from €1.1m to €1.3m
of which Distributable reserves: +€191,030
- Accrued charges and deferred income +€66,262
up €66,262 (+1,893%), from €3,500 to €69,762
- Financial charges +€72,056
up €72,056, from -€5,391 to €66,665
- Gross operating margin +€54,352
up €54,352 (+21.8%), from €249,677 to €304,029
- Financial income +€21,668
up €21,668 (+99.5%), from €21,780 to €43,448
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 | €2,131,413 | €2,390,776 | +€259,363 | +12.2% |
| Fixed assets | 21/28 | €5,036 | €4,978 | -€58 | -1.1% |
| Tangible fixed assets | 22/27 | €5,036 | €4,978 | -€58 | -1.1% |
| Furniture and vehicles | 24 | €4,594 | €4,978 | +€384 | +8.4% |
| Other tangible fixed assets | 26 | €441 | €0 | -€441 | -100% |
| Current assets | 29/58 | €2,126,377 | €2,385,798 | +€259,421 | +12.2% |
| Amounts receivable within one year | 40/41 | €12,164 | €6,653 | -€5,510 | -45.3% |
| Trade receivables | 40 | €12,164 | €6,653 | -€5,510 | -45.3% |
| Current investments | 50/53 | €1,848,458 | €2,128,976 | +€280,517 | +15.2% |
| Cash at bank and in hand | 54/58 | €263,279 | €247,542 | -€15,737 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,477 | €2,628 | +€151 | +6.1% |
| Total equity and liabilities | 10/49 | €2,131,413 | €2,390,776 | +€259,363 | +12.2% |
| Equity | 10/15 | €1,133,330 | €1,324,360 | +€191,030 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,112,009 | €1,303,039 | +€191,030 | +17.2% |
| Tax-exempt reserves | 132 | €3,649 | €3,649 | = | 0.0% |
| Distributable reserves | 133 | €1,108,360 | €1,299,390 | +€191,030 | +17.2% |
| Profit (loss) carried forward | 14 | €2,721 | €2,721 | +€0 | 0.0% |
| Amounts payable | 17/49 | €998,082 | €1,066,416 | +€68,333 | +6.8% |
| Amounts payable within one year | 42/48 | €994,582 | €996,654 | +€2,071 | +0.2% |
| Trade debts | 44 | €14,992 | €1,951 | -€13,042 | -87.0% |
| Suppliers | 440/4 | €14,992 | €1,951 | -€13,042 | -87.0% |
| Taxes, remuneration and social security | 45 | €55,831 | €60,978 | +€5,147 | +9.2% |
| Taxes | 450/3 | €55,831 | €60,978 | +€5,147 | +9.2% |
| Other amounts payable | 47/48 | €923,759 | €933,725 | +€9,967 | +1.1% |
| Accrued charges and deferred income | 492/3 | €3,500 | €69,762 | +€66,262 | +1,893% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,742 | €3,706 | -€37 | -1.0% |
| Other operating charges | 640/8 | €2,386 | €2,369 | -€17 | -0.7% |
| Gross operating margin | 9900 | €249,677 | €304,029 | +€54,352 | +21.8% |
| Operating profit (loss) | 9901 | €243,548 | €297,954 | +€54,406 | +22.3% |
| Financial income | 75/76B | €21,780 | €43,448 | +€21,668 | +99.5% |
| Recurring financial income | 75 | €21,780 | €43,448 | +€21,668 | +99.5% |
| Financial charges | 65/66B | -€5,391 | €66,665 | +€72,056 | |
| Recurring financial charges | 65 | -€5,391 | €66,665 | +€72,056 | |
| Profit (loss) for the period before taxes | 9903 | €270,719 | €274,737 | +€4,018 | +1.5% |
| Income taxes | 67/77 | €84,731 | €83,707 | -€1,024 | -1.2% |
| Profit (loss) for the period | 9904 | €185,988 | €191,030 | +€5,042 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185,988 | €191,030 | +€5,042 | +2.7% |
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 28 October 2026 via checked.be.