DOKTER MARK COEL: 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 COEL
Largest movements
- Current investments +€53,696
up €53,696 (+39.2%), from €136,955 to €190,652
- Cash -€14,051
down €14,051 (-9.0%), from €156,762 to €142,710
mainly Current investments (-€53,696) and Contributions, distributions and other (-€22,103)
- Receivables within one year +€5,964
up €5,964 (+150%), from €3,974 to €9,938
of which Other amounts receivable: +€5,964
- Tangible fixed assets -€4,889
down €4,889 (-12.0%), from €40,714 to €35,825
of which Land and buildings: -€3,473
- Reserves +€28,939
up €28,939 (+8.8%), from €327,522 to €356,460
- Other debts +€6,385
up €6,385 (+14,083%), from €45 to €6,431
- Gross operating margin -€6,261
down €6,261 (-7.2%), from €86,742 to €80,481
- Financial income +€1,666
up €1,666 (+47.4%), from €3,512 to €5,178
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 | €351,677 | €390,646 | +€38,969 | +11.1% |
| Fixed assets | 21/28 | €40,714 | €35,825 | -€4,889 | -12.0% |
| Tangible fixed assets | 22/27 | €40,714 | €35,825 | -€4,889 | -12.0% |
| Land and buildings | 22 | €15,272 | €11,799 | -€3,473 | -22.7% |
| Plant, machinery and equipment | 23 | €9,935 | €10,615 | +€680 | +6.8% |
| Furniture and vehicles | 24 | €2,066 | €1,616 | -€449 | -21.7% |
| Other tangible fixed assets | 26 | €13,442 | €11,795 | -€1,647 | -12.3% |
| Current assets | 29/58 | €310,964 | €354,821 | +€43,858 | +14.1% |
| Amounts receivable within one year | 40/41 | €3,974 | €9,938 | +€5,964 | +150% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,974 | €9,938 | +€5,964 | +150% |
| Current investments | 50/53 | €136,955 | €190,652 | +€53,696 | +39.2% |
| Cash at bank and in hand | 54/58 | €156,762 | €142,710 | -€14,051 | -9.0% |
| Deferred charges and accrued income | 490/1 | €13,273 | €11,522 | -€1,751 | -13.2% |
| Total equity and liabilities | 10/49 | €351,677 | €390,646 | +€38,969 | +11.1% |
| Equity | 10/15 | €346,122 | €375,060 | +€28,939 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,522 | €356,460 | +€28,939 | +8.8% |
| Distributable reserves | 133 | €327,522 | €356,460 | +€28,939 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,555 | €15,586 | +€10,031 | +181% |
| Amounts payable within one year | 42/48 | €5,555 | €15,586 | +€10,031 | +181% |
| Trade debts | 44 | €4,433 | €5,679 | +€1,246 | +28.1% |
| Suppliers | 440/4 | €4,433 | €5,679 | +€1,246 | +28.1% |
| Taxes, remuneration and social security | 45 | €1,078 | €3,477 | +€2,399 | +223% |
| Taxes | 450/3 | €1,078 | €0 | -€1,078 | -100% |
| Remuneration and social security | 454/9 | - | €3,477 | +€3,477 | |
| Other amounts payable | 47/48 | €45 | €6,431 | +€6,385 | +14,083% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,203 | €9,553 | +€350 | +3.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €1,219 | €506 | -€714 | -58.5% |
| Gross operating margin | 9900 | €86,742 | €80,481 | -€6,261 | -7.2% |
| Operating profit (loss) | 9901 | €76,320 | €70,423 | -€5,898 | -7.7% |
| Financial income | 75/76B | €3,512 | €5,178 | +€1,666 | +47.4% |
| Recurring financial income | 75 | €3,512 | €5,178 | +€1,666 | +47.4% |
| Financial charges | 65/66B | €3,104 | €2,974 | -€130 | -4.2% |
| Recurring financial charges | 65 | €3,104 | €2,974 | -€130 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €76,728 | €72,627 | -€4,102 | -5.3% |
| Income taxes | 67/77 | €22,079 | €21,585 | -€494 | -2.2% |
| Profit (loss) for the period | 9904 | €54,650 | €51,042 | -€3,608 | -6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,650 | €51,042 | -€3,608 | -6.6% |
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 1 November 2026 via checked.be.