DOKTER KATTY BOURGOIGNIE: 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 KATTY BOURGOIGNIE
Largest movements
- Current investments +€250,000
up €250,000 (+100%), from €250,000 to €500,000
- Receivables after one year -€150,000
down €150,000 (-100%), from €150,000 to €0
- Cash -€23,381
down €23,381 (-10.3%), from €226,621 to €203,240
mainly Current investments (-€250,000) and Other debts (-€2,680)
- Reserves +€71,790
up €71,790 (+11.7%), from €611,111 to €682,901
- Gross operating margin +€3,483
up €3,483 (+3.7%), from €93,765 to €97,247
- Taxes +€1,350
up €1,350 (+5.0%), from €26,831 to €28,181
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 | €641,206 | €710,655 | +€69,449 | +10.8% |
| Fixed assets | 21/28 | €11,903 | €5,665 | -€6,238 | -52.4% |
| Tangible fixed assets | 22/27 | €11,854 | €5,615 | -€6,238 | -52.6% |
| Land and buildings | 22 | €4,904 | €3,425 | -€1,479 | -30.2% |
| Furniture and vehicles | 24 | €6,950 | €2,190 | -€4,759 | -68.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €629,303 | €704,990 | +€75,687 | +12.0% |
| Amounts receivable after more than one year | 29 | €150,000 | €0 | -€150,000 | -100% |
| Other amounts receivable | 291 | €150,000 | €0 | -€150,000 | -100% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €250,000 | €500,000 | +€250,000 | +100% |
| Cash at bank and in hand | 54/58 | €226,621 | €203,240 | -€23,381 | -10.3% |
| Deferred charges and accrued income | 490/1 | €2,682 | €1,750 | -€932 | -34.7% |
| Total equity and liabilities | 10/49 | €641,206 | €710,655 | +€69,449 | +10.8% |
| Equity | 10/15 | €623,511 | €695,301 | +€71,790 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €611,111 | €682,901 | +€71,790 | +11.7% |
| Distributable reserves | 133 | €611,111 | €682,901 | +€71,790 | +11.7% |
| Amounts payable | 17/49 | €17,695 | €15,354 | -€2,341 | -13.2% |
| Amounts payable within one year | 42/48 | €17,695 | €15,354 | -€2,341 | -13.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,195 | €10,533 | +€338 | +3.3% |
| Taxes | 450/3 | €10,195 | €10,533 | +€338 | +3.3% |
| Other amounts payable | 47/48 | €7,500 | €4,820 | -€2,680 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,533 | €6,238 | -€294 | -4.5% |
| Other operating charges | 640/8 | €976 | €928 | -€49 | -5.0% |
| Gross operating margin | 9900 | €93,765 | €97,247 | +€3,483 | +3.7% |
| Operating profit (loss) | 9901 | €86,256 | €90,081 | +€3,825 | +4.4% |
| Financial income | 75/76B | €9,403 | €10,009 | +€605 | +6.4% |
| Recurring financial income | 75 | €9,403 | €10,009 | +€605 | +6.4% |
| Financial charges | 65/66B | €146 | €118 | -€28 | -18.9% |
| Recurring financial charges | 65 | €146 | €118 | -€28 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €95,513 | €99,972 | +€4,458 | +4.7% |
| Income taxes | 67/77 | €26,831 | €28,181 | +€1,350 | +5.0% |
| Profit (loss) for the period | 9904 | €68,682 | €71,790 | +€3,108 | +4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €68,682 | €71,790 | +€3,108 | +4.5% |
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 31 October 2026 via checked.be.