DOKTER MICHEL DE WITTE: what changed
What changed
DOKTER MICHEL DE WITTE
NACE 72.109, Other research and development on natural sciences
filed annual accounts (NBB)
Net result for the year
€81,214
2024 · €37,734+€43,480
Equity
€442,191
2024 · €360,977+€81,214
Cash
€176,314
2024 · €143,440+€32,874
Balance sheet total
€498,331
2024 · €423,245+€75,086
Largest movements
Assets
- Current investments +€101,260
up €101,260 (+65.1%), from €155,596 to €256,856
- Cash +€32,874
up €32,874 (+22.9%), from €143,440 to €176,314
mainly Net result for the year (+€81,214) and Depreciation (+€30,529)
- Receivables after one year -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€29,392
down €29,392 (-32.1%), from €91,628 to €62,236
Equity and liabilities
- Reserves +€81,214
up €81,214 (+28.4%), from €285,740 to €366,954
- Debts after one year -€11,375
down €11,375 (-33.6%), from €33,860 to €22,485
Income statement
- Gross operating margin +€34,737
up €34,737 (+41.9%), from €82,814 to €117,551
- Financial income +€13,944
up €13,944 (+299%), from €4,668 to €18,612
- Taxes +€3,328
up €3,328 (+25.0%), from €13,291 to €16,618
- Depreciation +€2,192
up €2,192 (+7.7%), from €28,336 to €30,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€37,734
Gross operating margin
+€34,737
Depreciation
-€2,192
Other operating charges
-€31
Financial income
+€13,944
Financial charges
+€351
Taxes
-€3,328
Result 2025
€81,214
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€146,559
Investment
-€102,397
Financing
-€11,287
Cash 2024
€143,440
From operations (derived)
+€146,559
Net result for the year
+€81,214
Depreciation
+€30,529
Receivables after one year
+€30,000
Receivables within one year
+€310
Deferred charges and accrued income
-€654
Trade debts
-€555
Tax, wage and social debts
+€1,464
Other debts
+€4,250
Investment (derived)
-€102,397
Investment in fixed assets (net)
-€1,137
Current investments
-€101,260
Financing
-€11,287
Debts after one year
-€11,375
Current portion of long-term debt
+€88
Cash 2025
€176,314
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,245 | €498,331 | +€75,086 | +17.7% |
| Fixed assets | 21/28 | €91,628 | €62,236 | -€29,392 | -32.1% |
| Tangible fixed assets | 22/27 | €91,628 | €62,236 | -€29,392 | -32.1% |
| Land and buildings | 22 | €23,554 | €11,265 | -€12,289 | -52.2% |
| Plant, machinery and equipment | 23 | €1,870 | €2,352 | +€482 | +25.8% |
| Furniture and vehicles | 24 | €2,342 | €1,316 | -€1,026 | -43.8% |
| Leasing and similar rights | 25 | €44,813 | €32,986 | -€11,827 | -26.4% |
| Other tangible fixed assets | 26 | €19,048 | €14,316 | -€4,732 | -24.8% |
| Current assets | 29/58 | €331,618 | €436,095 | +€104,477 | +31.5% |
| Amounts receivable after more than one year | 29 | €30,000 | - | -€30,000 | |
| Other amounts receivable | 291 | €30,000 | - | -€30,000 | |
| Amounts receivable within one year | 40/41 | €2,582 | €2,272 | -€310 | -12.0% |
| Other amounts receivable | 41 | €2,582 | €2,272 | -€310 | -12.0% |
| Current investments | 50/53 | €155,596 | €256,856 | +€101,260 | +65.1% |
| Cash at bank and in hand | 54/58 | €143,440 | €176,314 | +€32,874 | +22.9% |
| Deferred charges and accrued income | 490/1 | - | €654 | +€654 | |
| Total equity and liabilities | 10/49 | €423,245 | €498,331 | +€75,086 | +17.7% |
| Equity | 10/15 | €360,977 | €442,191 | +€81,214 | +22.5% |
| Contributions | 10/11 | €72,700 | €72,700 | = | 0.0% |
| Reserves | 13 | €285,740 | €366,954 | +€81,214 | +28.4% |
| Distributable reserves | 133 | €285,740 | €366,954 | +€81,214 | +28.4% |
| Profit (loss) carried forward | 14 | €2,537 | €2,537 | = | 0.0% |
| Amounts payable | 17/49 | €62,269 | €56,140 | -€6,129 | -9.8% |
| Amounts payable after more than one year | 17 | €33,860 | €22,485 | -€11,375 | -33.6% |
| Financial debts | 170/4 | €33,860 | €22,485 | -€11,375 | -33.6% |
| Amounts payable within one year | 42/48 | €28,409 | €33,655 | +€5,246 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €11,287 | €11,375 | +€88 | +0.8% |
| Trade debts | 44 | €1,709 | €1,154 | -€555 | -32.5% |
| Suppliers | 440/4 | €1,709 | €1,154 | -€555 | -32.5% |
| Taxes, remuneration and social security | 45 | €2,399 | €3,863 | +€1,464 | +61.0% |
| Taxes | 450/3 | €2,399 | €3,863 | +€1,464 | +61.0% |
| Other amounts payable | 47/48 | €13,012 | €17,263 | +€4,250 | +32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,336 | €30,529 | +€2,192 | +7.7% |
| Other operating charges | 640/8 | €5,321 | €5,352 | +€31 | +0.6% |
| Gross operating margin | 9900 | €82,814 | €117,551 | +€34,737 | +41.9% |
| Operating profit (loss) | 9901 | €49,157 | €81,670 | +€32,513 | +66.1% |
| Financial income | 75/76B | €4,668 | €18,612 | +€13,944 | +299% |
| Recurring financial income | 75 | €4,668 | €18,612 | +€13,944 | +299% |
| Financial charges | 65/66B | €2,800 | €2,449 | -€351 | -12.5% |
| Recurring financial charges | 65 | €2,800 | €2,449 | -€351 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €51,025 | €97,833 | +€46,808 | +91.7% |
| Income taxes | 67/77 | €13,291 | €16,618 | +€3,328 | +25.0% |
| Profit (loss) for the period | 9904 | €37,734 | €81,214 | +€43,480 | +115% |
| Profit (loss) for the period to be appropriated | 9905 | €37,734 | €81,214 | +€43,480 | +115% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.