Dokter Raf Brouns: what changed
Dokter Raf Brouns
Largest movements
- Cash -€112,344
down €112,344 (-67.2%), from €167,273 to €54,929
mainly Contributions, distributions and other (-€515,212) and Current investments (-€110,096)
- Current investments +€110,096
up €110,096 (+39.4%), from €279,431 to €389,527
- Receivables within one year +€39,153
up €39,153 (+25.5%), from €153,453 to €192,606
of which Trade receivables: +€39,153
- Tangible fixed assets +€15,043
up €15,043 (+34.3%), from €43,827 to €58,871
of which Land and buildings: +€18,299
- Other debts +€298,501
up €298,501 (+132%), from €225,550 to €524,051
- Reserves -€236,861
down €236,861 (-65.2%), from €363,161 to €126,300
of which Distributable reserves: -€236,861
- Gross operating margin +€79,474
up €79,474 (+26.0%), from €305,297 to €384,771
- Taxes +€20,547
up €20,547 (+28.1%), from €73,131 to €93,678
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 | €648,344 | €699,379 | +€51,035 | +7.9% |
| Fixed assets | 21/28 | €45,327 | €60,371 | +€15,043 | +33.2% |
| Tangible fixed assets | 22/27 | €43,827 | €58,871 | +€15,043 | +34.3% |
| Land and buildings | 22 | €17,814 | €36,113 | +€18,299 | +103% |
| Plant, machinery and equipment | 23 | €1,076 | €387 | -€690 | -64.1% |
| Furniture and vehicles | 24 | €24,937 | €22,372 | -€2,566 | -10.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €603,016 | €639,008 | +€35,992 | +6.0% |
| Amounts receivable within one year | 40/41 | €153,453 | €192,606 | +€39,153 | +25.5% |
| Trade receivables | 40 | €153,453 | €192,606 | +€39,153 | +25.5% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €279,431 | €389,527 | +€110,096 | +39.4% |
| Cash at bank and in hand | 54/58 | €167,273 | €54,929 | -€112,344 | -67.2% |
| Deferred charges and accrued income | 490/1 | €2,860 | €1,947 | -€913 | -31.9% |
| Total equity and liabilities | 10/49 | €648,344 | €699,379 | +€51,035 | +7.9% |
| Equity | 10/15 | €381,761 | €144,900 | -€236,861 | -62.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,161 | €126,300 | -€236,861 | -65.2% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €236,861 | €0 | -€236,861 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €266,582 | €554,479 | +€287,897 | +108% |
| Amounts payable within one year | 42/48 | €266,582 | €554,479 | +€287,897 | +108% |
| Trade debts | 44 | €3,865 | €1,231 | -€2,634 | -68.1% |
| Suppliers | 440/4 | €3,865 | €1,231 | -€2,634 | -68.1% |
| Advances received on contracts in progress | 46 | €2,924 | €0 | -€2,924 | -100% |
| Taxes, remuneration and social security | 45 | €34,244 | €29,197 | -€5,047 | -14.7% |
| Taxes | 450/3 | €34,244 | €29,197 | -€5,047 | -14.7% |
| Other amounts payable | 47/48 | €225,550 | €524,051 | +€298,501 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,298 | €15,229 | -€69 | -0.5% |
| Other operating charges | 640/8 | €703 | €652 | -€51 | -7.3% |
| Gross operating margin | 9900 | €305,297 | €384,771 | +€79,474 | +26.0% |
| Operating profit (loss) | 9901 | €289,295 | €368,890 | +€79,595 | +27.5% |
| Financial income | 75/76B | €1,800 | €3,218 | +€1,418 | +78.8% |
| Recurring financial income | 75 | €1,800 | €3,218 | +€1,418 | +78.8% |
| Financial charges | 65/66B | €1,119 | €79 | -€1,040 | -92.9% |
| Recurring financial charges | 65 | €1,119 | €79 | -€1,040 | -92.9% |
| Profit (loss) for the period before taxes | 9903 | €289,976 | €372,029 | +€82,053 | +28.3% |
| Income taxes | 67/77 | €73,131 | €93,678 | +€20,547 | +28.1% |
| Profit (loss) for the period | 9904 | €216,845 | €278,351 | +€61,506 | +28.4% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €216,845 | €278,351 | +€61,506 | +28.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.