Dokter Massoud: 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 Massoud
Largest movements
- Cash -€58,241
down €58,241 (-25.8%), from €225,682 to €167,441
mainly Contributions, distributions and other (-€189,000) and Other debts (-€171,325)
- Current investments +€25,182
up €25,182 (+102%), from €24,664 to €49,846
- Deferred charges and accrued income -€6,320
down €6,320 (-59.2%), from €10,681 to €4,361
- Other debts -€171,325
down €171,325 (-66.1%), from €259,325 to €88,000
- Reserves +€100,936
new in 2025: €100,936
- Accrued charges and deferred income +€30,921
up €30,921 (+4,215%), from €734 to €31,654
- Trade debts -€10,792
down €10,792 (-99.3%), from €10,867 to €76
- Tax, wage and social debts +€9,424
up €9,424 (+887%), from €1,062 to €10,486
- Gross operating margin +€24,312
up €24,312 (+6.8%), from €357,862 to €382,174
- Depreciation -€11,170
down €11,170 (-84.7%), from €13,185 to €2,015
- Taxes +€9,517
up €9,517 (+11.7%), from €81,047 to €90,564
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 | €276,988 | €236,151 | -€40,836 | -14.7% |
| Fixed assets | 21/28 | €2,761 | €3,019 | +€258 | +9.4% |
| Tangible fixed assets | 22/27 | €2,761 | €3,019 | +€258 | +9.4% |
| Furniture and vehicles | 24 | €2,761 | €3,019 | +€258 | +9.4% |
| Current assets | 29/58 | €274,227 | €233,132 | -€41,095 | -15.0% |
| Amounts receivable within one year | 40/41 | €13,200 | €11,484 | -€1,717 | -13.0% |
| Other amounts receivable | 41 | €13,200 | €11,484 | -€1,717 | -13.0% |
| Current investments | 50/53 | €24,664 | €49,846 | +€25,182 | +102% |
| Cash at bank and in hand | 54/58 | €225,682 | €167,441 | -€58,241 | -25.8% |
| Deferred charges and accrued income | 490/1 | €10,681 | €4,361 | -€6,320 | -59.2% |
| Total equity and liabilities | 10/49 | €276,988 | €236,151 | -€40,836 | -14.7% |
| Equity | 10/15 | €5,000 | €105,936 | +€100,936 | +2,019% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €100,936 | +€100,936 | |
| Distributable reserves | 133 | - | €100,936 | +€100,936 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €271,988 | €130,216 | -€141,772 | -52.1% |
| Amounts payable within one year | 42/48 | €271,254 | €98,561 | -€172,693 | -63.7% |
| Trade debts | 44 | €10,867 | €76 | -€10,792 | -99.3% |
| Suppliers | 440/4 | €10,867 | €76 | -€10,792 | -99.3% |
| Taxes, remuneration and social security | 45 | €1,062 | €10,486 | +€9,424 | +887% |
| Taxes | 450/3 | €1,062 | €10,486 | +€9,424 | +887% |
| Other amounts payable | 47/48 | €259,325 | €88,000 | -€171,325 | -66.1% |
| Accrued charges and deferred income | 492/3 | €734 | €31,654 | +€30,921 | +4,215% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,185 | €2,015 | -€11,170 | -84.7% |
| Other operating charges | 640/8 | €1,499 | €303 | -€1,195 | -79.8% |
| Gross operating margin | 9900 | €357,862 | €382,174 | +€24,312 | +6.8% |
| Operating profit (loss) | 9901 | €343,178 | €379,856 | +€36,677 | +10.7% |
| Financial income | 75/76B | €472 | €748 | +€276 | +58.5% |
| Recurring financial income | 75 | €472 | €748 | +€276 | +58.5% |
| Financial charges | 65/66B | €3,278 | €104 | -€3,174 | -96.8% |
| Recurring financial charges | 65 | €3,278 | €104 | -€3,174 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | €340,372 | €380,500 | +€40,128 | +11.8% |
| Income taxes | 67/77 | €81,047 | €90,564 | +€9,517 | +11.7% |
| Profit (loss) for the period | 9904 | €259,325 | €289,936 | +€30,611 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €259,325 | €289,936 | +€30,611 | +11.8% |
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 24 October 2026 via checked.be.