DOKTER MERTENS: 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 MERTENS
Largest movements
- Cash +€117,329
up €117,329 (+84.6%), from €138,764 to €256,093
mainly Net result for the year (+€197,254) and Other debts (+€80,000)
- Current investments +€63,972
up €63,972 (+8.5%), from €750,840 to €814,812
- Receivables within one year +€41,322
up €41,322 (+281%), from €14,724 to €56,046
- Tangible fixed assets -€30,655
down €30,655 (-34.8%), from €88,043 to €57,388
of which Furniture and vehicles: -€24,202
- Reserves +€97,254
up €97,254 (+10.5%), from €927,955 to €1.0m
- Other debts +€80,000
up €80,000 (+400%), from €20,000 to €100,000
- Tax, wage and social debts +€18,218
up €18,218 (+77.1%), from €23,638 to €41,857
- Financial income -€16,615
down €16,615 (-43.2%), from €38,479 to €21,864
- Gross operating margin +€6,549
up €6,549 (+2.2%), from €299,984 to €306,534
- Taxes -€4,190
down €4,190 (-4.2%), from €99,293 to €95,102
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 | €993,659 | €1,185,658 | +€192,000 | +19.3% |
| Fixed assets | 21/28 | €88,043 | €57,388 | -€30,655 | -34.8% |
| Tangible fixed assets | 22/27 | €88,043 | €57,388 | -€30,655 | -34.8% |
| Land and buildings | 22 | €26,533 | €19,860 | -€6,673 | -25.2% |
| Plant, machinery and equipment | 23 | €2,118 | €2,338 | +€220 | +10.4% |
| Furniture and vehicles | 24 | €59,392 | €35,190 | -€24,202 | -40.7% |
| Current assets | 29/58 | €905,616 | €1,128,271 | +€222,655 | +24.6% |
| Amounts receivable within one year | 40/41 | €14,724 | €56,046 | +€41,322 | +281% |
| Other amounts receivable | 41 | €14,724 | €56,046 | +€41,322 | +281% |
| Current investments | 50/53 | €750,840 | €814,812 | +€63,972 | +8.5% |
| Cash at bank and in hand | 54/58 | €138,764 | €256,093 | +€117,329 | +84.6% |
| Deferred charges and accrued income | 490/1 | €1,288 | €1,320 | +€32 | +2.5% |
| Total equity and liabilities | 10/49 | €993,659 | €1,185,658 | +€192,000 | +19.3% |
| Equity | 10/15 | €946,547 | €1,043,802 | +€97,254 | +10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €927,955 | €1,025,210 | +€97,254 | +10.5% |
| Distributable reserves | 133 | €927,955 | €1,025,210 | +€97,254 | +10.5% |
| Amounts payable | 17/49 | €47,111 | €141,857 | +€94,745 | +201% |
| Amounts payable within one year | 42/48 | €47,111 | €141,857 | +€94,745 | +201% |
| Trade debts | 44 | €3,473 | - | -€3,473 | |
| Suppliers | 440/4 | €3,473 | - | -€3,473 | |
| Taxes, remuneration and social security | 45 | €23,638 | €41,857 | +€18,218 | +77.1% |
| Taxes | 450/3 | €23,638 | €41,857 | +€18,218 | +77.1% |
| Other amounts payable | 47/48 | €20,000 | €100,000 | +€80,000 | +400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,794 | €33,418 | +€624 | +1.9% |
| Other operating charges | 640/8 | €1,115 | €1,113 | -€3 | -0.2% |
| Non-recurring operating charges | 66A | - | €1,268 | +€1,268 | |
| Gross operating margin | 9900 | €299,984 | €306,534 | +€6,549 | +2.2% |
| Operating profit (loss) | 9901 | €266,075 | €270,735 | +€4,660 | +1.8% |
| Financial income | 75/76B | €38,479 | €21,864 | -€16,615 | -43.2% |
| Recurring financial income | 75 | €38,479 | €21,864 | -€16,615 | -43.2% |
| Financial charges | 65/66B | €359 | €242 | -€117 | -32.6% |
| Recurring financial charges | 65 | €359 | €242 | -€117 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €304,194 | €292,357 | -€11,838 | -3.9% |
| Income taxes | 67/77 | €99,293 | €95,102 | -€4,190 | -4.2% |
| Profit (loss) for the period | 9904 | €204,901 | €197,254 | -€7,647 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €204,901 | €197,254 | -€7,647 | -3.7% |
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 18 October 2026 via checked.be.