DOKTER PEN: 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 PEN
Largest movements
- Cash +€33,765
up €33,765 (+475%), from €7,108 to €40,874
mainly Other debts (+€85,748) and Net result for the year (+€77,564)
- Receivables after one year +€21,100
up €21,100 (+18.7%), from €112,800 to €133,900
- Tangible fixed assets -€13,008
down €13,008 (-22.0%), from €59,188 to €46,181
of which Leasing and similar rights: -€8,752
- Other debts +€85,748
up €85,748 (+191%), from €44,900 to €130,648
- Reserves -€61,447
down €61,447 (-33.3%), from €184,301 to €122,853
of which Distributable reserves: -€61,447
- Tax, wage and social debts +€29,789
up €29,789 (+207%), from €14,366 to €44,154
of which Taxes: +€36,934
- Debts after one year -€7,254
down €7,254 (-27.4%), from €26,472 to €19,218
- Gross operating margin +€57,403
up €57,403 (+69.6%), from €82,443 to €139,846
- Taxes +€26,175
up €26,175 (+177%), from €14,760 to €40,934
- Staff costs -€24,820
down €24,820 (-70.6%), from €35,170 to €10,350
- Depreciation +€3,307
up €3,307 (+28.1%), from €11,766 to €15,073
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 | €298,031 | €344,338 | +€46,307 | +15.5% |
| Fixed assets | 21/28 | €60,340 | €47,187 | -€13,153 | -21.8% |
| Intangible fixed assets | 21 | €887 | €742 | -€145 | -16.4% |
| Tangible fixed assets | 22/27 | €59,188 | €46,181 | -€13,008 | -22.0% |
| Plant, machinery and equipment | 23 | €9,528 | €7,826 | -€1,702 | -17.9% |
| Furniture and vehicles | 24 | €11,043 | €8,489 | -€2,554 | -23.1% |
| Leasing and similar rights | 25 | €38,617 | €29,866 | -€8,752 | -22.7% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €237,691 | €297,151 | +€59,460 | +25.0% |
| Amounts receivable after more than one year | 29 | €112,800 | €133,900 | +€21,100 | +18.7% |
| Trade receivables | 290 | €112,800 | €133,900 | +€21,100 | +18.7% |
| Amounts receivable within one year | 40/41 | €116,650 | €118,607 | +€1,957 | +1.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €116,650 | €118,607 | +€1,957 | +1.7% |
| Cash at bank and in hand | 54/58 | €7,108 | €40,874 | +€33,765 | +475% |
| Deferred charges and accrued income | 490/1 | €1,133 | €3,771 | +€2,638 | +233% |
| Total equity and liabilities | 10/49 | €298,031 | €344,338 | +€46,307 | +15.5% |
| Equity | 10/15 | €203,569 | €142,121 | -€61,447 | -30.2% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Reserves | 13 | €184,301 | €122,853 | -€61,447 | -33.3% |
| Non-distributable reserves | 130/1 | €1,885 | €1,885 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,885 | €1,885 | = | 0.0% |
| Distributable reserves | 133 | €182,416 | €120,968 | -€61,447 | -33.7% |
| Profit (loss) carried forward | 14 | €418 | €418 | = | 0.0% |
| Amounts payable | 17/49 | €94,463 | €202,217 | +€107,755 | +114% |
| Amounts payable after more than one year | 17 | €26,472 | €19,218 | -€7,254 | -27.4% |
| Financial debts | 170/4 | €26,472 | €19,218 | -€7,254 | -27.4% |
| Amounts payable within one year | 42/48 | €67,551 | €182,559 | +€115,009 | +170% |
| Current portion of amounts payable after more than one year | 42 | €6,877 | €7,254 | +€378 | +5.5% |
| Trade debts | 44 | €1,408 | €503 | -€906 | -64.3% |
| Suppliers | 440/4 | €1,408 | €503 | -€906 | -64.3% |
| Taxes, remuneration and social security | 45 | €14,366 | €44,154 | +€29,789 | +207% |
| Taxes | 450/3 | €7,123 | €44,057 | +€36,934 | +519% |
| Remuneration and social security | 454/9 | €7,243 | €97 | -€7,145 | -98.7% |
| Other amounts payable | 47/48 | €44,900 | €130,648 | +€85,748 | +191% |
| Accrued charges and deferred income | 492/3 | €440 | €440 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,170 | €10,350 | -€24,820 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,766 | €15,073 | +€3,307 | +28.1% |
| Other operating charges | 640/8 | €291 | €663 | +€373 | +128% |
| Gross operating margin | 9900 | €82,443 | €139,846 | +€57,403 | +69.6% |
| Operating profit (loss) | 9901 | €35,216 | €113,760 | +€78,544 | +223% |
| Financial income | 75/76B | €8,001 | €7,544 | -€457 | -5.7% |
| Recurring financial income | 75 | €8,001 | €7,544 | -€457 | -5.7% |
| Financial charges | 65/66B | €1,600 | €2,806 | +€1,205 | +75.3% |
| Recurring financial charges | 65 | €1,600 | €2,806 | +€1,205 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €41,616 | €118,498 | +€76,882 | +185% |
| Income taxes | 67/77 | €14,760 | €40,934 | +€26,175 | +177% |
| Profit (loss) for the period | 9904 | €26,857 | €77,564 | +€50,707 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €26,857 | €77,564 | +€50,707 | +189% |
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 15 October 2026 via checked.be.