DOKTER PHILIPPE PALS: 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 PHILIPPE PALS
Largest movements
- Current investments +€34,839
up €34,839 (+13.1%), from €265,538 to €300,377
- Receivables within one year -€31,722
down €31,722 (-69.7%), from €45,483 to €13,761
- Deferred charges and accrued income +€15,507
up €15,507 (+18.7%), from €82,943 to €98,450
- Tangible fixed assets +€13,275
up €13,275 (+51.9%), from €25,593 to €38,868
of which Plant, machinery and equipment: +€7,588
- Other debts +€26,242
up €26,242 (+143%), from €18,408 to €44,650
- Tax, wage and social debts +€11,196
up €11,196 (+554%), from €2,021 to €13,217
- Reserves -€8,500
down €8,500 (-2.4%), from €350,830 to €342,330
of which Distributable reserves: -€8,500
- Short-term financial debts +€5,048
new in 2025: €5,048
- Gross operating margin +€26,139
up €26,139 (+68.9%), from €37,923 to €64,062
- Financial income -€5,339
down €5,339 (-65.1%), from €8,199 to €2,861
- Taxes +€3,969
up €3,969 (+34.3%), from €11,585 to €15,554
- Financial charges -€3,579
down €3,579 (-41.0%), from €8,727 to €5,148
- Depreciation +€2,053
up €2,053 (+63.7%), from €3,224 to €5,277
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 | €443,736 | €479,346 | +€35,611 | +8.0% |
| Fixed assets | 21/28 | €25,593 | €38,968 | +€13,375 | +52.3% |
| Tangible fixed assets | 22/27 | €25,593 | €38,868 | +€13,275 | +51.9% |
| Plant, machinery and equipment | 23 | €17,384 | €24,972 | +€7,588 | +43.6% |
| Furniture and vehicles | 24 | €2,769 | €1,669 | -€1,100 | -39.7% |
| Other tangible fixed assets | 26 | €5,440 | €12,227 | +€6,788 | +125% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €418,143 | €440,378 | +€22,235 | +5.3% |
| Amounts receivable within one year | 40/41 | €45,483 | €13,761 | -€31,722 | -69.7% |
| Other amounts receivable | 41 | €45,483 | €13,761 | -€31,722 | -69.7% |
| Current investments | 50/53 | €265,538 | €300,377 | +€34,839 | +13.1% |
| Cash at bank and in hand | 54/58 | €24,179 | €27,790 | +€3,611 | +14.9% |
| Deferred charges and accrued income | 490/1 | €82,943 | €98,450 | +€15,507 | +18.7% |
| Total equity and liabilities | 10/49 | €443,736 | €479,346 | +€35,611 | +8.0% |
| Equity | 10/15 | €411,352 | €403,199 | -€8,154 | -2.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €350,830 | €342,330 | -€8,500 | -2.4% |
| Non-distributable reserves | 130/1 | €11,830 | €11,830 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,830 | €11,830 | = | 0.0% |
| Distributable reserves | 133 | €339,000 | €330,500 | -€8,500 | -2.5% |
| Profit (loss) carried forward | 14 | €20,522 | €20,869 | +€346 | +1.7% |
| Amounts payable | 17/49 | €32,383 | €76,148 | +€43,764 | +135% |
| Amounts payable within one year | 42/48 | €28,522 | €73,391 | +€44,869 | +157% |
| Financial debts | 43 | - | €5,048 | +€5,048 | |
| Credit institutions | 430/8 | - | €5,048 | +€5,048 | |
| Trade debts | 44 | €8,093 | €10,476 | +€2,383 | +29.4% |
| Suppliers | 440/4 | €8,093 | €10,476 | +€2,383 | +29.4% |
| Taxes, remuneration and social security | 45 | €2,021 | €13,217 | +€11,196 | +554% |
| Taxes | 450/3 | €2,021 | €13,217 | +€11,196 | +554% |
| Other amounts payable | 47/48 | €18,408 | €44,650 | +€26,242 | +143% |
| Accrued charges and deferred income | 492/3 | €3,862 | €2,757 | -€1,105 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,224 | €5,277 | +€2,053 | +63.7% |
| Other operating charges | 640/8 | €1,142 | €2,098 | +€956 | +83.7% |
| Gross operating margin | 9900 | €37,923 | €64,062 | +€26,139 | +68.9% |
| Operating profit (loss) | 9901 | €33,557 | €56,687 | +€23,130 | +68.9% |
| Financial income | 75/76B | €8,199 | €2,861 | -€5,339 | -65.1% |
| Recurring financial income | 75 | €8,199 | €2,861 | -€5,339 | -65.1% |
| Financial charges | 65/66B | €8,727 | €5,148 | -€3,579 | -41.0% |
| Recurring financial charges | 65 | €8,727 | €5,148 | -€3,579 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €33,029 | €54,400 | +€21,371 | +64.7% |
| Income taxes | 67/77 | €11,585 | €15,554 | +€3,969 | +34.3% |
| Profit (loss) for the period | 9904 | €21,444 | €38,846 | +€17,402 | +81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,444 | €38,846 | +€17,402 | +81.2% |
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 23 October 2026 via checked.be.