Dokter Philippe Vergauwe: what changed
Dokter Philippe Vergauwe
Largest movements
- Current investments +€320,110
up €320,110 (+31.4%), from €1.0m to €1.3m
- Receivables within one year -€130,698
down €130,698 (-54.1%), from €241,560 to €110,861
- Cash +€63,451
up €63,451 (+12.6%), from €505,336 to €568,787
mainly Net result for the year (+€405,030) and Receivables within one year (+€130,698)
- Reserves +€208,073
up €208,073 (+11.5%), from €1.8m to €2.0m
of which Distributable reserves: +€292,273
- Tax, wage and social debts +€33,478
up €33,478 (+61.8%), from €54,156 to €87,635
of which Taxes: +€40,356
- Gross operating margin +€140,893
up €140,893 (+32.1%), from €438,810 to €579,703
- Taxes +€52,970
up €52,970 (+38.0%), from €139,314 to €192,284
- Financial income +€16,515
up €16,515 (+75.9%), from €21,767 to €38,283
- Depreciation +€14,065
up €14,065 (+366%), from €3,839 to €17,904
- Other operating charges -€9,025
down €9,025 (-98.6%), from €9,151 to €126
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,878,058 | €2,120,160 | +€242,102 | +12.9% |
| Fixed assets | 21/28 | €103,767 | €91,057 | -€12,710 | -12.2% |
| Tangible fixed assets | 22/27 | €103,767 | €91,057 | -€12,710 | -12.2% |
| Land and buildings | 22 | €13,906 | €11,998 | -€1,908 | -13.7% |
| Plant, machinery and equipment | 23 | €507 | €5,128 | +€4,621 | +912% |
| Furniture and vehicles | 24 | €72,554 | €57,131 | -€15,423 | -21.3% |
| Other tangible fixed assets | 26 | €16,800 | €16,800 | = | 0.0% |
| Current assets | 29/58 | €1,774,291 | €2,029,103 | +€254,812 | +14.4% |
| Amounts receivable within one year | 40/41 | €241,560 | €110,861 | -€130,698 | -54.1% |
| Other amounts receivable | 41 | €241,560 | €110,861 | -€130,698 | -54.1% |
| Current investments | 50/53 | €1,020,072 | €1,340,182 | +€320,110 | +31.4% |
| Cash at bank and in hand | 54/58 | €505,336 | €568,787 | +€63,451 | +12.6% |
| Deferred charges and accrued income | 490/1 | €7,324 | €9,272 | +€1,949 | +26.6% |
| Total equity and liabilities | 10/49 | €1,878,058 | €2,120,160 | +€242,102 | +12.9% |
| Equity | 10/15 | €1,821,662 | €2,029,735 | +€208,073 | +11.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,801,662 | €2,009,735 | +€208,073 | +11.5% |
| Tax-exempt reserves | 132 | €93,970 | €9,770 | -€84,200 | -89.6% |
| Distributable reserves | 133 | €1,707,693 | €1,999,966 | +€292,273 | +17.1% |
| Amounts payable | 17/49 | €56,396 | €90,425 | +€34,029 | +60.3% |
| Amounts payable within one year | 42/48 | €54,551 | €90,425 | +€35,874 | +65.8% |
| Trade debts | 44 | €394 | €2,790 | +€2,396 | +608% |
| Suppliers | 440/4 | €394 | €2,790 | +€2,396 | +608% |
| Taxes, remuneration and social security | 45 | €54,156 | €87,635 | +€33,478 | +61.8% |
| Taxes | 450/3 | €47,279 | €87,635 | +€40,356 | +85.4% |
| Remuneration and social security | 454/9 | €6,878 | - | -€6,878 | |
| Accrued charges and deferred income | 492/3 | €1,845 | - | -€1,845 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,839 | €17,904 | +€14,065 | +366% |
| Other operating charges | 640/8 | €9,151 | €126 | -€9,025 | -98.6% |
| Gross operating margin | 9900 | €438,810 | €579,703 | +€140,893 | +32.1% |
| Operating profit (loss) | 9901 | €425,820 | €561,672 | +€135,853 | +31.9% |
| Financial income | 75/76B | €21,767 | €38,283 | +€16,515 | +75.9% |
| Recurring financial income | 75 | €21,767 | €38,283 | +€16,515 | +75.9% |
| Financial charges | 65/66B | €1,842 | €2,640 | +€799 | +43.4% |
| Recurring financial charges | 65 | €1,842 | €2,640 | +€799 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €445,745 | €597,315 | +€151,569 | +34.0% |
| Income taxes | 67/77 | €139,314 | €192,284 | +€52,970 | +38.0% |
| Profit (loss) for the period | 9904 | €306,431 | €405,030 | +€98,599 | +32.2% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €306,431 | €489,230 | +€182,799 | +59.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.