DOKTER MARK TIMMERMANS: 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 TIMMERMANS
Largest movements
- Cash +€260,843
up €260,843 (+88.3%), from €295,290 to €556,133
mainly Net result for the year (+€251,155) and Depreciation (+€57,380)
- Tangible fixed assets -€43,800
down €43,800 (-4.3%), from €1.0m to €980,647
of which Land and buildings: -€42,676
- Reserves +€251,155
up €251,155 (+24.1%), from €1.0m to €1.3m
of which Distributable reserves: +€255,049
- Debts after one year -€24,656
down €24,656 (-20.0%), from €123,362 to €98,707
- Gross operating margin +€43,919
up €43,919 (+11.3%), from €387,666 to €431,585
- Taxes +€11,448
up €11,448 (+11.1%), from €103,467 to €114,915
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.
Cash bridge derived
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 | €1,516,974 | €1,746,893 | +€229,919 | +15.2% |
| Fixed assets | 21/28 | €1,024,447 | €980,647 | -€43,800 | -4.3% |
| Tangible fixed assets | 22/27 | €1,024,447 | €980,647 | -€43,800 | -4.3% |
| Land and buildings | 22 | €1,007,199 | €964,523 | -€42,676 | -4.2% |
| Plant, machinery and equipment | 23 | €2,101 | €2,658 | +€557 | +26.5% |
| Furniture and vehicles | 24 | €15,147 | €13,466 | -€1,681 | -11.1% |
| Current assets | 29/58 | €492,527 | €766,245 | +€273,719 | +55.6% |
| Amounts receivable after more than one year | 29 | €195,000 | €195,000 | = | 0.0% |
| Other amounts receivable | 291 | €195,000 | €195,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €99 | €15,112 | +€15,013 | +15164.8% |
| Trade receivables | 40 | €99 | €0 | -€99 | -100.0% |
| Other amounts receivable | 41 | €0 | €15,112 | +€15,112 | |
| Cash at bank and in hand | 54/58 | €295,290 | €556,133 | +€260,843 | +88.3% |
| Deferred charges and accrued income | 490/1 | €2,138 | €0 | -€2,138 | -100.0% |
| Total equity and liabilities | 10/49 | €1,516,974 | €1,746,893 | +€229,919 | +15.2% |
| Equity | 10/15 | €1,292,201 | €1,543,356 | +€251,155 | +19.4% |
| Contributions | 10/11 | €248,800 | €248,800 | = | 0.0% |
| Reserves | 13 | €1,043,401 | €1,294,556 | +€251,155 | +24.1% |
| Tax-exempt reserves | 132 | €104,307 | €100,413 | -€3,894 | -3.7% |
| Distributable reserves | 133 | €939,094 | €1,194,143 | +€255,049 | +27.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €34,769 | €33,471 | -€1,298 | -3.7% |
| Deferred taxes | 168 | €34,769 | €33,471 | -€1,298 | -3.7% |
| Amounts payable | 17/49 | €190,004 | €170,066 | -€19,938 | -10.5% |
| Amounts payable after more than one year | 17 | €123,362 | €98,707 | -€24,656 | -20.0% |
| Financial debts | 170/4 | €123,362 | €98,707 | -€24,656 | -20.0% |
| Amounts payable within one year | 42/48 | €66,641 | €71,359 | +€4,718 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €29,068 | €27,260 | -€1,808 | -6.2% |
| Trade debts | 44 | €4,796 | €5,701 | +€905 | +18.9% |
| Suppliers | 440/4 | €4,796 | €5,701 | +€905 | +18.9% |
| Advances received on contracts in progress | 46 | €19,231 | €11,538 | -€7,692 | -40.0% |
| Taxes, remuneration and social security | 45 | €13,393 | €26,860 | +€13,467 | +100.6% |
| Taxes | 450/3 | €13,393 | €26,860 | +€13,467 | +100.6% |
| Other amounts payable | 47/48 | €154 | €0 | -€154 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,311 | €57,380 | +€3,068 | +5.6% |
| Other operating charges | 640/8 | €4,285 | €7,347 | +€3,062 | +71.5% |
| Gross operating margin | 9900 | €387,666 | €431,585 | +€43,919 | +11.3% |
| Operating profit (loss) | 9901 | €329,070 | €366,859 | +€37,789 | +11.5% |
| Financial income | 75/76B | €6,108 | €4,795 | -€1,314 | -21.5% |
| Recurring financial income | 75 | €6,108 | €4,795 | -€1,314 | -21.5% |
| Financial charges | 65/66B | €9,020 | €6,881 | -€2,139 | -23.7% |
| Recurring financial charges | 65 | €9,020 | €6,881 | -€2,139 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €326,158 | €364,773 | +€38,614 | +11.8% |
| Transfer from deferred taxes | 780 | €1,298 | €1,298 | = | 0.0% |
| Income taxes | 67/77 | €103,467 | €114,915 | +€11,448 | +11.1% |
| Profit (loss) for the period | 9904 | €223,989 | €251,155 | +€27,166 | +12.1% |
| Transfer from tax-exempt reserves | 789 | €3,894 | €3,894 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €227,883 | €255,049 | +€27,166 | +11.9% |
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 12 October 2026 via checked.be.