Dokter Kurt VANDEPITTE: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Dokter Kurt VANDEPITTE
Largest movements
- Current investments +€110,894
up €110,894 (+12.4%), from €895,136 to €1.0m
- Cash -€46,746
down €46,746 (-7.8%), from €600,525 to €553,778
mainly Current investments (-€110,894) and Contributions, distributions and other (-€53,000)
- Deferred charges and accrued income +€28,426
up €28,426 (+119%), from €23,825 to €52,250
- Receivables within one year +€26,259
up €26,259 (+509%), from €5,159 to €31,418
- Tangible fixed assets -€18,145
down €18,145 (-82.7%), from €21,950 to €3,805
of which Furniture and vehicles: -€19,637
- Reserves +€146,479
up €146,479 (+10.1%), from €1.4m to €1.6m
of which Distributable reserves: +€146,479
- Tax, wage and social debts -€34,247
down €34,247 (-52.9%), from €64,700 to €30,453
- Gross operating margin +€55,793
up €55,793 (+22.4%), from €249,365 to €305,158
- Financial income -€30,639
down €30,639 (-60.6%), from €50,595 to €19,956
of which Non-recurring financial income: -€42,651
- Taxes +€7,754
up €7,754 (+8.4%), from €92,274 to €100,028
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,546,594 | €1,647,281 | +€100,687 | +6.5% |
| Fixed assets | 21/28 | €21,950 | €3,805 | -€18,145 | -82.7% |
| Tangible fixed assets | 22/27 | €21,950 | €3,805 | -€18,145 | -82.7% |
| Plant, machinery and equipment | 23 | €655 | €2,147 | +€1,492 | +228% |
| Furniture and vehicles | 24 | €21,295 | €1,657 | -€19,637 | -92.2% |
| Current assets | 29/58 | €1,524,644 | €1,643,476 | +€118,832 | +7.8% |
| Amounts receivable within one year | 40/41 | €5,159 | €31,418 | +€26,259 | +509% |
| Other amounts receivable | 41 | €5,159 | €31,418 | +€26,259 | +509% |
| Current investments | 50/53 | €895,136 | €1,006,030 | +€110,894 | +12.4% |
| Cash at bank and in hand | 54/58 | €600,525 | €553,778 | -€46,746 | -7.8% |
| Deferred charges and accrued income | 490/1 | €23,825 | €52,250 | +€28,426 | +119% |
| Total equity and liabilities | 10/49 | €1,546,594 | €1,647,281 | +€100,687 | +6.5% |
| Equity | 10/15 | €1,465,543 | €1,612,022 | +€146,479 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,446,943 | €1,593,422 | +€146,479 | +10.1% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,428,193 | €1,574,672 | +€146,479 | +10.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €81,051 | €35,259 | -€45,792 | -56.5% |
| Amounts payable within one year | 42/48 | €81,051 | €35,099 | -€45,952 | -56.7% |
| Trade debts | 44 | €0 | €4,646 | +€4,646 | |
| Suppliers | 440/4 | €0 | €4,646 | +€4,646 | |
| Taxes, remuneration and social security | 45 | €64,700 | €30,453 | -€34,247 | -52.9% |
| Taxes | 450/3 | €64,700 | €30,453 | -€34,247 | -52.9% |
| Other amounts payable | 47/48 | €16,350 | €0 | -€16,350 | -100% |
| Accrued charges and deferred income | 492/3 | - | €160 | +€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,004 | €20,444 | +€441 | +2.2% |
| Other operating charges | 640/8 | €2,064 | €1,949 | -€115 | -5.6% |
| Gross operating margin | 9900 | €249,365 | €305,158 | +€55,793 | +22.4% |
| Operating profit (loss) | 9901 | €227,298 | €282,765 | +€55,467 | +24.4% |
| Financial income | 75/76B | €50,595 | €19,956 | -€30,639 | -60.6% |
| Recurring financial income | 75 | €7,944 | €19,956 | +€12,012 | +151% |
| Non-recurring financial income | 76B | €42,651 | €0 | -€42,651 | -100% |
| Financial charges | 65/66B | €3,030 | €3,214 | +€184 | +6.1% |
| Recurring financial charges | 65 | €3,030 | €3,214 | +€184 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €274,863 | €299,507 | +€24,644 | +9.0% |
| Income taxes | 67/77 | €92,274 | €100,028 | +€7,754 | +8.4% |
| Profit (loss) for the period | 9904 | €182,589 | €199,479 | +€16,890 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €182,589 | €199,479 | +€16,890 | +9.3% |
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 1 November 2026 via checked.be.