DOKTER KEPPENNE: 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 KEPPENNE
Largest movements
- Receivables within one year +€30,180
up €30,180 (+10.1%), from €299,076 to €329,257
- Reserves +€35,000
up €35,000 (+64.0%), from €54,658 to €89,658
of which Distributable reserves: +€35,000
- Tax, wage and social debts -€3,856
down €3,856 (-26.3%), from €14,636 to €10,779
- Gross operating margin +€20,578
up €20,578 (+55.3%), from €37,232 to €57,810
- Taxes +€6,144
up €6,144 (+42.0%), from €14,636 to €20,779
- Financial income +€907
up €907 (+17.6%), from €5,161 to €6,068
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 | €350,154 | €385,298 | +€35,144 | +10.0% |
| Fixed assets | 21/28 | €3,091 | €1,753 | -€1,338 | -43.3% |
| Tangible fixed assets | 22/27 | €3,091 | €1,753 | -€1,338 | -43.3% |
| Plant, machinery and equipment | 23 | €1,647 | €980 | -€668 | -40.5% |
| Furniture and vehicles | 24 | €1,443 | €773 | -€670 | -46.4% |
| Current assets | 29/58 | €347,063 | €383,545 | +€36,483 | +10.5% |
| Amounts receivable within one year | 40/41 | €299,076 | €329,257 | +€30,180 | +10.1% |
| Other amounts receivable | 41 | €299,076 | €329,257 | +€30,180 | +10.1% |
| Cash at bank and in hand | 54/58 | €7,358 | €10,710 | +€3,352 | +45.6% |
| Deferred charges and accrued income | 490/1 | €40,629 | €43,579 | +€2,950 | +7.3% |
| Total equity and liabilities | 10/49 | €350,154 | €385,298 | +€35,144 | +10.0% |
| Equity | 10/15 | €332,756 | €371,508 | +€38,752 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,658 | €89,658 | +€35,000 | +64.0% |
| 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 | €52,798 | €87,798 | +€35,000 | +66.3% |
| Profit (loss) carried forward | 14 | €259,498 | €263,250 | +€3,752 | +1.4% |
| Amounts payable | 17/49 | €17,397 | €13,790 | -€3,607 | -20.7% |
| Amounts payable within one year | 42/48 | €17,397 | €13,390 | -€4,007 | -23.0% |
| Trade debts | 44 | €2,761 | €2,611 | -€151 | -5.5% |
| Suppliers | 440/4 | €2,761 | €2,611 | -€151 | -5.5% |
| Taxes, remuneration and social security | 45 | €14,636 | €10,779 | -€3,856 | -26.3% |
| Taxes | 450/3 | €14,636 | €10,779 | -€3,856 | -26.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,354 | €1,338 | -€16 | -1.2% |
| Other operating charges | 640/8 | €1,976 | €2,017 | +€41 | +2.1% |
| Gross operating margin | 9900 | €37,232 | €57,810 | +€20,578 | +55.3% |
| Operating profit (loss) | 9901 | €33,902 | €54,455 | +€20,553 | +60.6% |
| Financial income | 75/76B | €5,161 | €6,068 | +€907 | +17.6% |
| Recurring financial income | 75 | €5,161 | €6,068 | +€907 | +17.6% |
| Financial charges | 65/66B | €1,546 | €991 | -€554 | -35.9% |
| Recurring financial charges | 65 | €1,546 | €991 | -€554 | -35.9% |
| Profit (loss) for the period before taxes | 9903 | €37,517 | €59,531 | +€22,014 | +58.7% |
| Income taxes | 67/77 | €14,636 | €20,779 | +€6,144 | +42.0% |
| Profit (loss) for the period | 9904 | €22,881 | €38,752 | +€15,870 | +69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,881 | €38,752 | +€15,870 | +69.4% |
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.