DOKTER P. MAES: what changed
DOKTER P. MAES
Largest movements
- Tangible fixed assets -€71,623
down €71,623 (-14.9%), from €481,196 to €409,573
of which Land and buildings: -€67,123
- Receivables within one year +€71,588
up €71,588 (+102%), from €70,346 to €141,935
of which Other amounts receivable: +€46,479
- Cash +€32,953
new in 2025: €32,953
mainly Other debts (+€238,717) and Depreciation (+€71,623)
- Reserves -€257,706
down €257,706 (-33.9%), from €760,001 to €502,295
of which Distributable reserves: -€255,846
- Other debts +€238,717
up €238,717 (+715%), from €33,378 to €272,095
- Trade debts +€69,273
up €69,273 (+212%), from €32,705 to €101,978
- Tax, wage and social debts -€15,737
down €15,737 (-100%), from €15,737 to €0
- Gross operating margin -€85,241
down €85,241 (-63.0%), from €135,278 to €50,037
- Taxes -€15,857
down €15,857 (-100%), from €15,857 to €0
- Financial income +€2,972
up €2,972 (+26.8%), from €11,071 to €14,042
- Depreciation -€1,777
down €1,777 (-2.4%), from €73,400 to €71,623
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €861,780 | €894,968 | +€33,188 | +3.9% |
| Fixed assets | 21/28 | €481,295 | €409,672 | -€71,623 | -14.9% |
| Tangible fixed assets | 22/27 | €481,196 | €409,573 | -€71,623 | -14.9% |
| Land and buildings | 22 | €443,821 | €376,698 | -€67,123 | -15.1% |
| Plant, machinery and equipment | 23 | €20,625 | €16,125 | -€4,500 | -21.8% |
| Other tangible fixed assets | 26 | €16,750 | €16,750 | = | 0.0% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €380,485 | €485,296 | +€104,811 | +27.5% |
| Amounts receivable after more than one year | 29 | €305,000 | €305,000 | = | 0.0% |
| Other amounts receivable | 291 | €305,000 | €305,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €70,346 | €141,935 | +€71,588 | +102% |
| Trade receivables | 40 | - | €25,109 | +€25,109 | |
| Other amounts receivable | 41 | €70,346 | €116,825 | +€46,479 | +66.1% |
| Cash at bank and in hand | 54/58 | - | €32,953 | +€32,953 | |
| Deferred charges and accrued income | 490/1 | €5,139 | €5,408 | +€269 | +5.2% |
| Total equity and liabilities | 10/49 | €861,780 | €894,968 | +€33,188 | +3.9% |
| Equity | 10/15 | €778,601 | €520,895 | -€257,706 | -33.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €760,001 | €502,295 | -€257,706 | -33.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €758,141 | €502,295 | -€255,846 | -33.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €83,179 | €374,073 | +€290,894 | +350% |
| Amounts payable within one year | 42/48 | €83,179 | €374,073 | +€290,894 | +350% |
| Financial debts | 43 | €1,360 | €0 | -€1,360 | -100% |
| Credit institutions | 430/8 | €1,360 | €0 | -€1,360 | -100% |
| Trade debts | 44 | €32,705 | €101,978 | +€69,273 | +212% |
| Suppliers | 440/4 | €32,705 | €101,978 | +€69,273 | +212% |
| Taxes, remuneration and social security | 45 | €15,737 | €0 | -€15,737 | -100% |
| Taxes | 450/3 | €15,737 | €0 | -€15,737 | -100% |
| Other amounts payable | 47/48 | €33,378 | €272,095 | +€238,717 | +715% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,400 | €71,623 | -€1,777 | -2.4% |
| Other operating charges | 640/8 | €5,356 | €4,950 | -€406 | -7.6% |
| Gross operating margin | 9900 | €135,278 | €50,037 | -€85,241 | -63.0% |
| Operating profit (loss) | 9901 | €56,522 | -€26,536 | -€83,058 | |
| Financial income | 75/76B | €11,071 | €14,042 | +€2,972 | +26.8% |
| Recurring financial income | 75 | €11,071 | €14,042 | +€2,972 | +26.8% |
| Financial charges | 65/66B | €2,016 | €2,355 | +€338 | +16.8% |
| Recurring financial charges | 65 | €2,016 | €2,355 | +€338 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €65,576 | -€14,849 | -€80,425 | |
| Income taxes | 67/77 | €15,857 | €0 | -€15,857 | -100% |
| Profit (loss) for the period | 9904 | €49,719 | -€14,849 | -€64,568 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,719 | -€14,849 | -€64,568 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.