DOKTER P ANDERSEN: 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 P ANDERSEN
Largest movements
- Current investments -€101,680
down €101,680 (-21.2%), from €480,000 to €378,320
- Cash +€65,255
up €65,255 (+44.2%), from €147,487 to €212,743
mainly Other debts (+€203,946) and Net result for the year (+€131,119)
- Receivables within one year +€39,545
up €39,545 (+414%), from €9,548 to €49,093
of which Trade receivables: +€39,545
- Tangible fixed assets -€19,145
down €19,145 (-27.2%), from €70,317 to €51,172
of which Furniture and vehicles: -€18,926
- Other debts +€203,946
up €203,946 (+1,510%), from €13,509 to €217,455
- Reserves -€199,784
down €199,784 (-32.6%), from €613,090 to €413,306
of which Distributable reserves: -€199,784
- Debts after one year -€19,618
down €19,618 (-59.8%), from €32,825 to €13,207
- Tax, wage and social debts +€9,629
up €9,629, from €0 to €9,629
- Trade debts -€7,224
down €7,224 (-74.4%), from €9,704 to €2,480
- Gross operating margin +€51,937
up €51,937 (+32.2%), from €161,406 to €213,342
- Taxes +€19,833
up €19,833 (+45.2%), from €43,902 to €63,735
- Financial income +€14,807
up €14,807 (+2,309%), from €641 to €15,448
- Financial charges +€2,516
up €2,516 (+129%), from €1,952 to €4,467
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 | €710,238 | €698,299 | -€11,939 | -1.7% |
| Fixed assets | 21/28 | €70,417 | €51,272 | -€19,145 | -27.2% |
| Tangible fixed assets | 22/27 | €70,317 | €51,172 | -€19,145 | -27.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €5,168 | €3,418 | -€1,750 | -33.9% |
| Furniture and vehicles | 24 | €60,888 | €41,962 | -€18,926 | -31.1% |
| Other tangible fixed assets | 26 | €4,261 | €5,792 | +€1,531 | +35.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €639,821 | €647,027 | +€7,206 | +1.1% |
| Amounts receivable within one year | 40/41 | €9,548 | €49,093 | +€39,545 | +414% |
| Trade receivables | 40 | €3,450 | €42,995 | +€39,545 | +1,146% |
| Other amounts receivable | 41 | €6,098 | €6,098 | = | 0.0% |
| Current investments | 50/53 | €480,000 | €378,320 | -€101,680 | -21.2% |
| Cash at bank and in hand | 54/58 | €147,487 | €212,743 | +€65,255 | +44.2% |
| Deferred charges and accrued income | 490/1 | €2,785 | €6,870 | +€4,085 | +147% |
| Total equity and liabilities | 10/49 | €710,238 | €698,299 | -€11,939 | -1.7% |
| Equity | 10/15 | €633,090 | €433,306 | -€199,784 | -31.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €613,090 | €413,306 | -€199,784 | -32.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €611,090 | €411,306 | -€199,784 | -32.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,148 | €264,993 | +€187,845 | +243% |
| Amounts payable after more than one year | 17 | €32,825 | €13,207 | -€19,618 | -59.8% |
| Financial debts | 170/4 | €32,825 | €13,207 | -€19,618 | -59.8% |
| Amounts payable within one year | 42/48 | €42,603 | €250,067 | +€207,463 | +487% |
| Current portion of amounts payable after more than one year | 42 | €19,390 | €20,502 | +€1,112 | +5.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €9,704 | €2,480 | -€7,224 | -74.4% |
| Suppliers | 440/4 | €9,704 | €2,480 | -€7,224 | -74.4% |
| Taxes, remuneration and social security | 45 | €0 | €9,629 | +€9,629 | |
| Taxes | 450/3 | €0 | €9,629 | +€9,629 | |
| Other amounts payable | 47/48 | €13,509 | €217,455 | +€203,946 | +1,510% |
| Accrued charges and deferred income | 492/3 | €1,720 | €1,720 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,981 | €26,562 | -€420 | -1.6% |
| Other operating charges | 640/8 | €3,120 | €2,908 | -€212 | -6.8% |
| Gross operating margin | 9900 | €161,406 | €213,342 | +€51,937 | +32.2% |
| Operating profit (loss) | 9901 | €131,304 | €183,873 | +€52,569 | +40.0% |
| Financial income | 75/76B | €641 | €15,448 | +€14,807 | +2,309% |
| Recurring financial income | 75 | €641 | €15,448 | +€14,807 | +2,309% |
| Financial charges | 65/66B | €1,952 | €4,467 | +€2,516 | +129% |
| Recurring financial charges | 65 | €1,952 | €4,467 | +€2,516 | +129% |
| Profit (loss) for the period before taxes | 9903 | €129,994 | €194,854 | +€64,860 | +49.9% |
| Income taxes | 67/77 | €43,902 | €63,735 | +€19,833 | +45.2% |
| Profit (loss) for the period | 9904 | €86,092 | €131,119 | +€45,027 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | €86,092 | €131,119 | +€45,027 | +52.3% |
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.