Dokter Pascal Weltens: 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 Pascal Weltens
Largest movements
- Receivables after one year +€76,010
up €76,010 (+94.1%), from €80,736 to €156,745
- Current investments -€51,025
down €51,025 (-49.5%), from €103,025 to €52,000
- Cash +€28,096
up €28,096 (+178%), from €15,764 to €43,860
mainly Net result for the year (+€123,459) and Current investments (+€51,025)
- Tangible fixed assets +€26,345
up €26,345 (+199%), from €13,208 to €39,553
of which Furniture and vehicles: +€26,906
- Receivables within one year -€12,410
down €12,410 (-39.5%), from €31,379 to €18,969
of which Other amounts receivable: -€8,275
- Reserves +€35,223
up €35,223 (+16.5%), from €214,015 to €249,238
- Debts after one year +€25,851
up €25,851 (+146%), from €17,757 to €43,608
of which Financial debts: +€30,743
- Current portion of long-term debt +€8,700
new in 2025: €8,700
- Financial income +€2,985
up €2,985 (+61.4%), from €4,863 to €7,848
- Gross operating margin +€1,784
up €1,784 (+1.2%), from €154,089 to €155,873
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 | €244,112 | €312,992 | +€68,880 | +28.2% |
| Fixed assets | 21/28 | €13,208 | €39,553 | +€26,345 | +199% |
| Tangible fixed assets | 22/27 | €13,208 | €39,553 | +€26,345 | +199% |
| Plant, machinery and equipment | 23 | €562 | €0 | -€562 | -100% |
| Furniture and vehicles | 24 | €12,647 | €39,553 | +€26,906 | +213% |
| Current assets | 29/58 | €230,904 | €273,439 | +€42,536 | +18.4% |
| Amounts receivable after more than one year | 29 | €80,736 | €156,745 | +€76,010 | +94.1% |
| Other amounts receivable | 291 | €80,736 | €156,745 | +€76,010 | +94.1% |
| Amounts receivable within one year | 40/41 | €31,379 | €18,969 | -€12,410 | -39.5% |
| Trade receivables | 40 | €4,837 | €702 | -€4,135 | -85.5% |
| Other amounts receivable | 41 | €26,542 | €18,267 | -€8,275 | -31.2% |
| Current investments | 50/53 | €103,025 | €52,000 | -€51,025 | -49.5% |
| Cash at bank and in hand | 54/58 | €15,764 | €43,860 | +€28,096 | +178% |
| Deferred charges and accrued income | 490/1 | €0 | €1,866 | +€1,866 | |
| Total equity and liabilities | 10/49 | €244,112 | €312,992 | +€68,880 | +28.2% |
| Equity | 10/15 | €220,015 | €255,238 | +€35,223 | +16.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €214,015 | €249,238 | +€35,223 | +16.5% |
| Distributable reserves | 133 | €214,015 | €249,238 | +€35,223 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €24,097 | €57,754 | +€33,657 | +140% |
| Amounts payable after more than one year | 17 | €17,757 | €43,608 | +€25,851 | +146% |
| Financial debts | 170/4 | - | €30,743 | +€30,743 | |
| Other amounts payable | 178/9 | €17,757 | €12,865 | -€4,892 | -27.6% |
| Amounts payable within one year | 42/48 | €6,340 | €14,146 | +€7,806 | +123% |
| Current portion of amounts payable after more than one year | 42 | - | €8,700 | +€8,700 | |
| Trade debts | 44 | €3,872 | €3,116 | -€756 | -19.5% |
| Suppliers | 440/4 | €3,872 | €3,116 | -€756 | -19.5% |
| Taxes, remuneration and social security | 45 | €2,468 | €2,330 | -€138 | -5.6% |
| Taxes | 450/3 | €138 | €0 | -€138 | -100% |
| Remuneration and social security | 454/9 | €2,330 | €2,330 | = | 0.0% |
| Non-recurring operating income | 76A | - | €5,353 | +€5,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,779 | €6,124 | +€345 | +6.0% |
| Other operating charges | 640/8 | €749 | €883 | +€134 | +17.9% |
| Non-recurring operating charges | 66A | €3,100 | €0 | -€3,100 | -100% |
| Gross operating margin | 9900 | €154,089 | €155,873 | +€1,784 | +1.2% |
| Operating profit (loss) | 9901 | €144,461 | €148,867 | +€4,406 | +3.1% |
| Financial income | 75/76B | €4,863 | €7,848 | +€2,985 | +61.4% |
| Recurring financial income | 75 | €4,863 | €7,848 | +€2,985 | +61.4% |
| Financial charges | 65/66B | €295 | €878 | +€583 | +198% |
| Recurring financial charges | 65 | €295 | €878 | +€583 | +198% |
| Profit (loss) for the period before taxes | 9903 | €149,029 | €155,837 | +€6,808 | +4.6% |
| Income taxes | 67/77 | €33,866 | €32,379 | -€1,488 | -4.4% |
| Profit (loss) for the period | 9904 | €115,163 | €123,459 | +€8,296 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €115,163 | €123,459 | +€8,296 | +7.2% |
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 22 October 2026 via checked.be.