DOKTER LINSEN GUY: 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 LINSEN GUY
Largest movements
- Current investments +€258,942
up €258,942 (+24.3%), from €1.1m to €1.3m
- Cash -€85,687
down €85,687 (-48.3%), from €177,272 to €91,585
mainly Contributions, distributions and other (-€467,145) and Current investments (-€258,942)
- Other debts +€315,625
up €315,625 (+1,124%), from €28,089 to €343,714
- Reserves -€108,567
down €108,567 (-8.9%), from €1.2m to €1.1m
- Trade debts -€39,413
down €39,413 (-88.7%), from €44,423 to €5,010
- Gross operating margin +€91,188
up €91,188 (+17.7%), from €513,883 to €605,071
- Financial charges -€88,439
down €88,439 (-70.7%), from €125,024 to €36,585
- Taxes +€57,075
up €57,075 (+52.0%), from €109,761 to €166,836
- Financial income -€8,236
down €8,236 (-19.9%), from €41,394 to €33,158
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 | €1,487,473 | €1,648,785 | +€161,312 | +10.8% |
| Fixed assets | 21/28 | €212,120 | €214,116 | +€1,996 | +0.9% |
| Tangible fixed assets | 22/27 | €62,120 | €64,116 | +€1,996 | +3.2% |
| Plant, machinery and equipment | 23 | €60,795 | €62,838 | +€2,043 | +3.4% |
| Furniture and vehicles | 24 | €1,324 | €1,278 | -€47 | -3.5% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €1,275,353 | €1,434,670 | +€159,317 | +12.5% |
| Amounts receivable within one year | 40/41 | €28,417 | €16,694 | -€11,723 | -41.3% |
| Other amounts receivable | 41 | €28,417 | €16,694 | -€11,723 | -41.3% |
| Current investments | 50/53 | €1,066,596 | €1,325,538 | +€258,942 | +24.3% |
| Cash at bank and in hand | 54/58 | €177,272 | €91,585 | -€85,687 | -48.3% |
| Deferred charges and accrued income | 490/1 | €3,068 | €853 | -€2,215 | -72.2% |
| Total equity and liabilities | 10/49 | €1,487,473 | €1,648,785 | +€161,312 | +10.8% |
| Equity | 10/15 | €1,239,312 | €1,130,744 | -€108,567 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,220,712 | €1,112,144 | -€108,567 | -8.9% |
| Distributable reserves | 133 | €1,220,712 | €1,112,144 | -€108,567 | -8.9% |
| Amounts payable | 17/49 | €248,161 | €518,041 | +€269,880 | +109% |
| Amounts payable after more than one year | 17 | €146,667 | €133,334 | -€13,333 | -9.1% |
| Financial debts | 170/4 | €26,667 | €13,334 | -€13,333 | -50.0% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,758 | €378,760 | +€284,003 | +300% |
| Current portion of amounts payable after more than one year | 42 | €13,333 | €13,333 | = | 0.0% |
| Trade debts | 44 | €44,423 | €5,010 | -€39,413 | -88.7% |
| Suppliers | 440/4 | €44,423 | €5,010 | -€39,413 | -88.7% |
| Taxes, remuneration and social security | 45 | €8,913 | €16,703 | +€7,790 | +87.4% |
| Taxes | 450/3 | €1,369 | €7,880 | +€6,511 | +475% |
| Remuneration and social security | 454/9 | €7,543 | €8,823 | +€1,280 | +17.0% |
| Other amounts payable | 47/48 | €28,089 | €343,714 | +€315,625 | +1,124% |
| Accrued charges and deferred income | 492/3 | €6,737 | €5,947 | -€790 | -11.7% |
| Remuneration, social security and pensions | 62 | €59,154 | €60,743 | +€1,588 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,614 | €14,831 | -€2,782 | -15.8% |
| Other operating charges | 640/8 | €2,840 | €657 | -€2,183 | -76.9% |
| Gross operating margin | 9900 | €513,883 | €605,071 | +€91,188 | +17.7% |
| Operating profit (loss) | 9901 | €434,276 | €528,841 | +€94,565 | +21.8% |
| Financial income | 75/76B | €41,394 | €33,158 | -€8,236 | -19.9% |
| Recurring financial income | 75 | €41,394 | €33,158 | -€8,236 | -19.9% |
| Financial charges | 65/66B | €125,024 | €36,585 | -€88,439 | -70.7% |
| Recurring financial charges | 65 | €125,024 | €36,585 | -€88,439 | -70.7% |
| Profit (loss) for the period before taxes | 9903 | €350,646 | €525,414 | +€174,768 | +49.8% |
| Income taxes | 67/77 | €109,761 | €166,836 | +€57,075 | +52.0% |
| Profit (loss) for the period | 9904 | €240,885 | €358,577 | +€117,692 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €240,885 | €358,577 | +€117,692 | +48.9% |
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.