DOKTER MANUEL CAENEN: what changed
DOKTER MANUEL CAENEN
Largest movements
- Cash +€171,319
up €171,319 (+99.4%), from €172,394 to €343,713
mainly Net result for the year (+€120,337) and Depreciation (+€56,554)
- Tangible fixed assets -€52,631
down €52,631 (-24.6%), from €213,530 to €160,898
of which Furniture and vehicles: -€48,256
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Deferred charges and accrued income +€19,646
up €19,646 (+57.6%), from €34,128 to €53,774
- Reserves +€86,236
up €86,236 (+35.6%), from €242,016 to €328,252
of which Distributable reserves: +€86,236
- Debts after one year -€24,039
down €24,039 (-33.3%), from €72,257 to €48,218
- Tax, wage and social debts +€14,494
up €14,494 (+137%), from €10,570 to €25,064
of which Taxes: +€11,994
- Other debts +€9,523
up €9,523 (+8.9%), from €107,490 to €117,013
- Advances received -€5,705
down €5,705 (-100%), from €5,705 to €0
- Gross operating margin +€63,892
up €63,892 (+37.8%), from €169,096 to €232,988
- Taxes +€21,742
up €21,742 (+71.2%), from €30,534 to €52,276
- Financial income +€2,358
up €2,358 (+210%), from €1,122 to €3,480
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 | €471,002 | €559,336 | +€88,334 | +18.8% |
| Fixed assets | 21/28 | €214,480 | €161,848 | -€52,631 | -24.5% |
| Tangible fixed assets | 22/27 | €213,530 | €160,898 | -€52,631 | -24.6% |
| Land and buildings | 22 | €12,512 | €10,725 | -€1,788 | -14.3% |
| Plant, machinery and equipment | 23 | €1,150 | €3,665 | +€2,516 | +219% |
| Furniture and vehicles | 24 | €180,858 | €132,602 | -€48,256 | -26.7% |
| Other tangible fixed assets | 26 | €19,010 | €13,907 | -€5,104 | -26.8% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €256,522 | €397,487 | +€140,965 | +55.0% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €172,394 | €343,713 | +€171,319 | +99.4% |
| Deferred charges and accrued income | 490/1 | €34,128 | €53,774 | +€19,646 | +57.6% |
| Total equity and liabilities | 10/49 | €471,002 | €559,336 | +€88,334 | +18.8% |
| Equity | 10/15 | €242,016 | €328,252 | +€86,236 | +35.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €242,016 | €328,252 | +€86,236 | +35.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €750 | €750 | = | 0.0% |
| Distributable reserves | 133 | €241,266 | €327,502 | +€86,236 | +35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €228,986 | €231,084 | +€2,098 | +0.9% |
| Amounts payable after more than one year | 17 | €72,257 | €48,218 | -€24,039 | -33.3% |
| Financial debts | 170/4 | €72,257 | €48,218 | -€24,039 | -33.3% |
| Amounts payable within one year | 42/48 | €156,728 | €179,139 | +€22,411 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €30,805 | €32,346 | +€1,541 | +5.0% |
| Trade debts | 44 | €2,158 | €4,717 | +€2,558 | +119% |
| Suppliers | 440/4 | €2,158 | €4,717 | +€2,558 | +119% |
| Advances received on contracts in progress | 46 | €5,705 | €0 | -€5,705 | -100% |
| Taxes, remuneration and social security | 45 | €10,570 | €25,064 | +€14,494 | +137% |
| Taxes | 450/3 | €10,570 | €22,564 | +€11,994 | +113% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €107,490 | €117,013 | +€9,523 | +8.9% |
| Accrued charges and deferred income | 492/3 | - | €3,726 | +€3,726 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,781 | €56,554 | -€1,228 | -2.1% |
| Other operating charges | 640/8 | €1,087 | €1,069 | -€18 | -1.6% |
| Gross operating margin | 9900 | €169,096 | €232,988 | +€63,892 | +37.8% |
| Operating profit (loss) | 9901 | €110,228 | €175,365 | +€65,137 | +59.1% |
| Financial income | 75/76B | €1,122 | €3,480 | +€2,358 | +210% |
| Recurring financial income | 75 | €1,122 | €3,480 | +€2,358 | +210% |
| Financial charges | 65/66B | €6,777 | €6,232 | -€545 | -8.0% |
| Recurring financial charges | 65 | €6,777 | €6,232 | -€545 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €104,572 | €172,613 | +€68,041 | +65.1% |
| Income taxes | 67/77 | €30,534 | €52,276 | +€21,742 | +71.2% |
| Profit (loss) for the period | 9904 | €74,038 | €120,337 | +€46,299 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €74,038 | €120,337 | +€46,299 | +62.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.