Dokter Nick Baelde: 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 Nick Baelde
Largest movements
- Receivables within one year -€211,414
down €211,414 (-85.7%), from €246,653 to €35,238
of which Other amounts receivable: -€206,107
- Tangible fixed assets -€89,229
down €89,229 (-7.4%), from €1.2m to €1.1m
of which Land and buildings: -€71,795
- Receivables after one year -€65,000
down €65,000 (-28.9%), from €225,000 to €160,000
- Cash +€28,876
up €28,876 (+37.5%), from €77,003 to €105,879
mainly Receivables within one year (+€211,414) and Net result for the year (+€114,942)
- Reserves -€247,058
down €247,058 (-18.5%), from €1.3m to €1.1m
of which Distributable reserves: -€247,058
- Debts after one year -€63,787
down €63,787 (-100%), from €63,787 to €0
- Current portion of long-term debt -€48,000
down €48,000 (-42.9%), from €111,787 to €63,787
- Short-term financial debts +€18,348
up €18,348 (+12,179%), from €151 to €18,499
- Gross operating margin -€39,440
down €39,440 (-12.3%), from €320,078 to €280,638
- Depreciation +€10,117
up €10,117 (+11.6%), from €87,455 to €97,572
- Taxes -€8,195
down €8,195 (-11.1%), from €73,860 to €65,666
- Financial charges -€4,475
down €4,475 (-43.2%), from €10,365 to €5,890
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 | €1,756,754 | €1,420,760 | -€335,994 | -19.1% |
| Fixed assets | 21/28 | €1,204,451 | €1,115,222 | -€89,229 | -7.4% |
| Tangible fixed assets | 22/27 | €1,204,451 | €1,115,222 | -€89,229 | -7.4% |
| Land and buildings | 22 | €1,163,241 | €1,091,447 | -€71,795 | -6.2% |
| Furniture and vehicles | 24 | €41,210 | €23,775 | -€17,434 | -42.3% |
| Current assets | 29/58 | €552,303 | €305,538 | -€246,765 | -44.7% |
| Amounts receivable after more than one year | 29 | €225,000 | €160,000 | -€65,000 | -28.9% |
| Other amounts receivable | 291 | €225,000 | €160,000 | -€65,000 | -28.9% |
| Amounts receivable within one year | 40/41 | €246,653 | €35,238 | -€211,414 | -85.7% |
| Trade receivables | 40 | €22,829 | €17,522 | -€5,307 | -23.2% |
| Other amounts receivable | 41 | €223,823 | €17,717 | -€206,107 | -92.1% |
| Cash at bank and in hand | 54/58 | €77,003 | €105,879 | +€28,876 | +37.5% |
| Deferred charges and accrued income | 490/1 | €3,647 | €4,420 | +€773 | +21.2% |
| Total equity and liabilities | 10/49 | €1,756,754 | €1,420,760 | -€335,994 | -19.1% |
| Equity | 10/15 | €1,344,965 | €1,097,907 | -€247,058 | -18.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,332,565 | €1,085,507 | -€247,058 | -18.5% |
| Non-distributable reserves | 130/1 | €13,392 | €13,392 | = | 0.0% |
| Other | 1319 | €13,392 | €13,392 | = | 0.0% |
| Distributable reserves | 133 | €1,319,173 | €1,072,115 | -€247,058 | -18.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €172,289 | €158,962 | -€13,327 | -7.7% |
| Provisions for liabilities and charges | 160/5 | €172,289 | €158,962 | -€13,327 | -7.7% |
| Pensions and similar obligations | 160 | €172,289 | €158,962 | -€13,327 | -7.7% |
| Amounts payable | 17/49 | €239,500 | €163,891 | -€75,609 | -31.6% |
| Amounts payable after more than one year | 17 | €63,787 | €0 | -€63,787 | -100% |
| Financial debts | 170/4 | €63,787 | €0 | -€63,787 | -100% |
| Amounts payable within one year | 42/48 | €175,712 | €163,891 | -€11,821 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €111,787 | €63,787 | -€48,000 | -42.9% |
| Financial debts | 43 | €151 | €18,499 | +€18,348 | +12,179% |
| Credit institutions | 430/8 | €151 | €18,499 | +€18,348 | +12,179% |
| Trade debts | 44 | €37,314 | €41,118 | +€3,804 | +10.2% |
| Suppliers | 440/4 | €37,314 | €41,118 | +€3,804 | +10.2% |
| Taxes, remuneration and social security | 45 | €26,460 | €37,065 | +€10,604 | +40.1% |
| Taxes | 450/3 | €26,460 | €37,065 | +€10,604 | +40.1% |
| Other amounts payable | 47/48 | - | €3,422 | +€3,422 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €13,327 | €13,327 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €512 | €0 | -€512 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,455 | €97,572 | +€10,117 | +11.6% |
| Other operating charges | 640/8 | €6,045 | €7,837 | +€1,792 | +29.6% |
| Gross operating margin | 9900 | €320,078 | €280,638 | -€39,440 | -12.3% |
| Operating profit (loss) | 9901 | €226,066 | €175,229 | -€50,837 | -22.5% |
| Financial income | 75/76B | €10,285 | €11,269 | +€984 | +9.6% |
| Recurring financial income | 75 | €10,285 | €11,269 | +€984 | +9.6% |
| Financial charges | 65/66B | €10,365 | €5,890 | -€4,475 | -43.2% |
| Recurring financial charges | 65 | €10,365 | €5,890 | -€4,475 | -43.2% |
| Profit (loss) for the period before taxes | 9903 | €225,986 | €180,607 | -€45,378 | -20.1% |
| Income taxes | 67/77 | €73,860 | €65,666 | -€8,195 | -11.1% |
| Profit (loss) for the period | 9904 | €152,125 | €114,942 | -€37,184 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €152,125 | €114,942 | -€37,184 | -24.4% |
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 26 October 2026 via checked.be.