DOKTER MARK CLAEYS: 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 MARK CLAEYS
Largest movements
- Current investments +€216,003
up €216,003 (+80.5%), from €268,211 to €484,213
- Cash -€185,797
down €185,797 (-83.7%), from €222,108 to €36,311
mainly Contributions, distributions and other (-€277,908) and Current investments (-€216,003)
- Tangible fixed assets -€16,245
down €16,245 (-7.9%), from €206,235 to €189,989
of which Land and buildings: -€11,330
- Other debts +€199,721
up €199,721 (+255%), from €78,187 to €277,908
- Reserves -€170,191
down €170,191 (-30.1%), from €566,204 to €396,013
- Debts after one year -€21,168
down €21,168 (-99.9%), from €21,198 to €30
of which Financial debts: -€21,198
- Financial income -€28,409
down €28,409 (-52.6%), from €54,028 to €25,618
- Gross operating margin -€7,643
down €7,643 (-4.5%), from €171,134 to €163,492
- Financial charges +€6,358
up €6,358 (+578%), from €1,100 to €7,458
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 | €716,457 | €730,468 | +€14,011 | +2.0% |
| Fixed assets | 21/28 | €206,235 | €189,989 | -€16,245 | -7.9% |
| Tangible fixed assets | 22/27 | €206,235 | €189,989 | -€16,245 | -7.9% |
| Land and buildings | 22 | €173,030 | €161,700 | -€11,330 | -6.5% |
| Plant, machinery and equipment | 23 | €4,194 | €5,206 | +€1,012 | +24.1% |
| Furniture and vehicles | 24 | €29,010 | €23,083 | -€5,927 | -20.4% |
| Current assets | 29/58 | €510,222 | €540,478 | +€30,256 | +5.9% |
| Amounts receivable within one year | 40/41 | €203 | €253 | +€51 | +25.0% |
| Other amounts receivable | 41 | €203 | €253 | +€51 | +25.0% |
| Current investments | 50/53 | €268,211 | €484,213 | +€216,003 | +80.5% |
| Cash at bank and in hand | 54/58 | €222,108 | €36,311 | -€185,797 | -83.7% |
| Deferred charges and accrued income | 490/1 | €19,701 | €19,701 | = | 0.0% |
| Total equity and liabilities | 10/49 | €716,457 | €730,468 | +€14,011 | +2.0% |
| Equity | 10/15 | €579,026 | €408,835 | -€170,191 | -29.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €566,204 | €396,013 | -€170,191 | -30.1% |
| Distributable reserves | 133 | €566,204 | €396,013 | -€170,191 | -30.1% |
| Profit (loss) carried forward | 14 | €422 | €422 | = | 0.0% |
| Amounts payable | 17/49 | €137,430 | €321,632 | +€184,202 | +134% |
| Amounts payable after more than one year | 17 | €21,198 | €30 | -€21,168 | -99.9% |
| Financial debts | 170/4 | €21,198 | €0 | -€21,198 | -100% |
| Other amounts payable | 178/9 | - | €30 | +€30 | |
| Amounts payable within one year | 42/48 | €116,232 | €321,602 | +€205,370 | +177% |
| Current portion of amounts payable after more than one year | 42 | €20,923 | €21,198 | +€275 | +1.3% |
| Trade debts | 44 | €1,036 | €3,221 | +€2,184 | +211% |
| Suppliers | 440/4 | €1,036 | €3,221 | +€2,184 | +211% |
| Taxes, remuneration and social security | 45 | €16,086 | €19,276 | +€3,190 | +19.8% |
| Taxes | 450/3 | €12,494 | €15,661 | +€3,167 | +25.3% |
| Remuneration and social security | 454/9 | €3,592 | €3,615 | +€23 | +0.6% |
| Other amounts payable | 47/48 | €78,187 | €277,908 | +€199,721 | +255% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,893 | €22,930 | +€1,038 | +4.7% |
| Other operating charges | 640/8 | €3,634 | €3,146 | -€488 | -13.4% |
| Gross operating margin | 9900 | €171,134 | €163,492 | -€7,643 | -4.5% |
| Operating profit (loss) | 9901 | €145,608 | €137,415 | -€8,193 | -5.6% |
| Financial income | 75/76B | €54,028 | €25,618 | -€28,409 | -52.6% |
| Recurring financial income | 75 | €54,028 | €25,618 | -€28,409 | -52.6% |
| Financial charges | 65/66B | €1,100 | €7,458 | +€6,358 | +578% |
| Recurring financial charges | 65 | €1,100 | €7,458 | +€6,358 | +578% |
| Profit (loss) for the period before taxes | 9903 | €198,536 | €155,575 | -€42,961 | -21.6% |
| Income taxes | 67/77 | €48,196 | €47,858 | -€338 | -0.7% |
| Profit (loss) for the period | 9904 | €150,339 | €107,717 | -€42,623 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €150,339 | €107,717 | -€42,623 | -28.4% |
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 23 October 2026 via checked.be.