DOKTER PEPIJN ELYN: 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 PEPIJN ELYN
Largest movements
- Tangible fixed assets +€246,591
up €246,591 (+48.0%), from €513,754 to €760,345
of which Land and buildings: +€245,229
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Cash -€24,010
down €24,010 (-87.3%), from €27,496 to €3,487
mainly Investment in fixed assets (net) (-€316,173) and Other debts (-€29,197)
- Receivables within one year -€12,681
down €12,681 (-47.0%), from €27,000 to €14,319
of which Trade receivables: -€24,681
- Debts after one year +€191,917
up €191,917 (+50.0%), from €383,830 to €575,747
- Other debts -€29,197
down €29,197 (-35.2%), from €82,985 to €53,789
- Current portion of long-term debt +€11,468
up €11,468 (+37.6%), from €30,528 to €41,995
- Gross operating margin -€64,473
down €64,473 (-43.7%), from €147,576 to €83,104
- Depreciation +€40,405
up €40,405 (+136%), from €29,681 to €70,085
- Taxes -€23,146
no longer reported in 2025 (was €23,146)
- Financial charges +€7,866
up €7,866 (+168%), from €4,691 to €12,557
- Financial income +€7,026
up €7,026 (+1,183%), from €594 to €7,620
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 | €601,326 | €781,757 | +€180,431 | +30.0% |
| Fixed assets | 21/28 | €514,496 | €760,584 | +€246,088 | +47.8% |
| Intangible fixed assets | 21 | €742 | €239 | -€503 | -67.8% |
| Tangible fixed assets | 22/27 | €513,754 | €760,345 | +€246,591 | +48.0% |
| Land and buildings | 22 | €453,120 | €698,349 | +€245,229 | +54.1% |
| Plant, machinery and equipment | 23 | €51,416 | €56,036 | +€4,619 | +9.0% |
| Furniture and vehicles | 24 | €9,218 | €5,961 | -€3,257 | -35.3% |
| Current assets | 29/58 | €86,830 | €21,173 | -€65,657 | -75.6% |
| Amounts receivable within one year | 40/41 | €27,000 | €14,319 | -€12,681 | -47.0% |
| Trade receivables | 40 | €27,000 | €2,319 | -€24,681 | -91.4% |
| Other amounts receivable | 41 | - | €12,000 | +€12,000 | |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €27,496 | €3,487 | -€24,010 | -87.3% |
| Deferred charges and accrued income | 490/1 | €2,334 | €3,367 | +€1,033 | +44.3% |
| Total equity and liabilities | 10/49 | €601,326 | €781,757 | +€180,431 | +30.0% |
| Equity | 10/15 | €96,829 | €99,176 | +€2,347 | +2.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €86,829 | €89,176 | +€2,347 | +2.7% |
| Distributable reserves | 133 | €86,829 | €89,176 | +€2,347 | +2.7% |
| Amounts payable | 17/49 | €504,497 | €682,581 | +€178,084 | +35.3% |
| Amounts payable after more than one year | 17 | €383,830 | €575,747 | +€191,917 | +50.0% |
| Financial debts | 170/4 | €383,830 | €575,747 | +€191,917 | +50.0% |
| Amounts payable within one year | 42/48 | €120,056 | €106,203 | -€13,853 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €30,528 | €41,995 | +€11,468 | +37.6% |
| Trade debts | 44 | €3,175 | €8,110 | +€4,935 | +155% |
| Suppliers | 440/4 | €3,175 | €8,110 | +€4,935 | +155% |
| Taxes, remuneration and social security | 45 | €3,368 | €2,309 | -€1,059 | -31.5% |
| Taxes | 450/3 | €3,368 | €2,309 | -€1,059 | -31.5% |
| Other amounts payable | 47/48 | €82,985 | €53,789 | -€29,197 | -35.2% |
| Accrued charges and deferred income | 492/3 | €611 | €631 | +€20 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,681 | €70,085 | +€40,405 | +136% |
| Other operating charges | 640/8 | €2,157 | €4,069 | +€1,911 | +88.6% |
| Gross operating margin | 9900 | €147,576 | €83,104 | -€64,473 | -43.7% |
| Operating profit (loss) | 9901 | €115,738 | €8,950 | -€106,789 | -92.3% |
| Financial income | 75/76B | €594 | €7,620 | +€7,026 | +1,183% |
| Recurring financial income | 75 | €594 | €7,620 | +€7,026 | +1,183% |
| Financial charges | 65/66B | €4,691 | €12,557 | +€7,866 | +168% |
| Recurring financial charges | 65 | €4,691 | €12,557 | +€7,866 | +168% |
| Profit (loss) for the period before taxes | 9903 | €111,641 | €4,013 | -€107,628 | -96.4% |
| Income taxes | 67/77 | €23,146 | - | -€23,146 | |
| Profit (loss) for the period | 9904 | €88,495 | €4,013 | -€84,482 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €88,495 | €4,013 | -€84,482 | -95.5% |
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 23 October 2026 via checked.be.