DOKTER PHILIPPE THONE: 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 THONE
Largest movements
- Cash +€76,954
up €76,954 (+39.2%), from €196,387 to €273,341
mainly Net result for the year (+€95,771) and Other debts (+€69,238)
- Receivables within one year -€38,470
down €38,470 (-71.0%), from €54,163 to €15,693
of which Trade receivables: -€51,442
- Current investments -€31,557
down €31,557 (-7.0%), from €451,477 to €419,921
- Reserves -€84,429
down €84,429 (-12.9%), from €652,864 to €568,434
- Other debts +€69,238
up €69,238 (+1,025%), from €6,753 to €75,991
- Tax, wage and social debts +€25,286
up €25,286 (+734%), from €3,446 to €28,731
of which Taxes: +€28,731
- Gross operating margin -€22,320
down €22,320 (-15.1%), from €148,295 to €125,975
- Taxes -€9,820
down €9,820 (-21.5%), from €45,717 to €35,898
- Financial income -€1,714
down €1,714 (-15.0%), from €11,461 to €9,747
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 | €709,675 | €719,056 | +€9,381 | +1.3% |
| Fixed assets | 21/28 | €4,462 | €3,547 | -€915 | -20.5% |
| Tangible fixed assets | 22/27 | €4,462 | €3,547 | -€915 | -20.5% |
| Plant, machinery and equipment | 23 | €2,787 | €1,745 | -€1,042 | -37.4% |
| Furniture and vehicles | 24 | €1,675 | €1,802 | +€127 | +7.6% |
| Current assets | 29/58 | €705,213 | €715,509 | +€10,296 | +1.5% |
| Amounts receivable within one year | 40/41 | €54,163 | €15,693 | -€38,470 | -71.0% |
| Trade receivables | 40 | €51,442 | - | -€51,442 | |
| Other amounts receivable | 41 | €2,721 | €15,693 | +€12,972 | +477% |
| Current investments | 50/53 | €451,477 | €419,921 | -€31,557 | -7.0% |
| Cash at bank and in hand | 54/58 | €196,387 | €273,341 | +€76,954 | +39.2% |
| Deferred charges and accrued income | 490/1 | €3,186 | €6,555 | +€3,369 | +106% |
| Total equity and liabilities | 10/49 | €709,675 | €719,056 | +€9,381 | +1.3% |
| Equity | 10/15 | €653,864 | €569,434 | -€84,429 | -12.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €652,864 | €568,434 | -€84,429 | -12.9% |
| Distributable reserves | 133 | €652,864 | €568,434 | -€84,429 | -12.9% |
| Amounts payable | 17/49 | €55,811 | €149,622 | +€93,811 | +168% |
| Amounts payable within one year | 42/48 | €55,811 | €149,622 | +€93,811 | +168% |
| Trade debts | 44 | €45,613 | €44,900 | -€713 | -1.6% |
| Suppliers | 440/4 | €45,613 | €44,900 | -€713 | -1.6% |
| Taxes, remuneration and social security | 45 | €3,446 | €28,731 | +€25,286 | +734% |
| Taxes | 450/3 | - | €28,731 | +€28,731 | |
| Remuneration and social security | 454/9 | €3,446 | - | -€3,446 | |
| Other amounts payable | 47/48 | €6,753 | €75,991 | +€69,238 | +1,025% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,809 | €2,071 | +€262 | +14.5% |
| Other operating charges | 640/8 | €513 | €527 | +€14 | +2.8% |
| Gross operating margin | 9900 | €148,295 | €125,975 | -€22,320 | -15.1% |
| Operating profit (loss) | 9901 | €145,972 | €123,376 | -€22,596 | -15.5% |
| Financial income | 75/76B | €11,461 | €9,747 | -€1,714 | -15.0% |
| Recurring financial income | 75 | €11,461 | €9,747 | -€1,714 | -15.0% |
| Financial charges | 65/66B | €1,611 | €1,454 | -€157 | -9.7% |
| Recurring financial charges | 65 | €1,611 | €1,454 | -€157 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €155,822 | €131,669 | -€24,153 | -15.5% |
| Income taxes | 67/77 | €45,717 | €35,898 | -€9,820 | -21.5% |
| Profit (loss) for the period | 9904 | €110,105 | €95,771 | -€14,333 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €110,105 | €95,771 | -€14,333 | -13.0% |
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 18 October 2026 via checked.be.