DOKTER S. VERDONCK: 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 S. VERDONCK
Largest movements
- Cash +€75,191
up €75,191 (+244%), from €30,795 to €105,986
mainly Net result for the year (+€112,321) and Receivables within one year (+€24,238)
- Current investments +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Receivables within one year -€24,238
down €24,238 (-100%), from €24,238 to €0
- Receivables after one year -€8,075
down €8,075 (-10.1%), from €80,000 to €71,925
- Reserves +€101,861
up €101,861 (+36.0%), from €282,988 to €384,849
- Tax, wage and social debts -€12,399
down €12,399 (-73.8%), from €16,808 to €4,408
- Gross operating margin +€18,889
up €18,889 (+12.4%), from €152,916 to €171,805
- Taxes +€14,904
up €14,904 (+35.3%), from €42,263 to €57,167
- Financial charges +€2,732
up €2,732 (+208%), from €1,314 to €4,046
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 | €329,806 | €425,472 | +€95,666 | +29.0% |
| Fixed assets | 21/28 | €1,822 | €2,736 | +€914 | +50.2% |
| Tangible fixed assets | 22/27 | €1,073 | €1,987 | +€914 | +85.1% |
| Furniture and vehicles | 24 | €1,073 | €1,987 | +€914 | +85.1% |
| Financial fixed assets | 28 | €749 | €749 | = | 0.0% |
| Current assets | 29/58 | €327,984 | €422,736 | +€94,752 | +28.9% |
| Amounts receivable after more than one year | 29 | €80,000 | €71,925 | -€8,075 | -10.1% |
| Other amounts receivable | 291 | €80,000 | €71,925 | -€8,075 | -10.1% |
| Amounts receivable within one year | 40/41 | €24,238 | €0 | -€24,238 | -100% |
| Trade receivables | 40 | €24,238 | €0 | -€24,238 | -100% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €30,795 | €105,986 | +€75,191 | +244% |
| Deferred charges and accrued income | 490/1 | €92,951 | €94,825 | +€1,875 | +2.0% |
| Total equity and liabilities | 10/49 | €329,806 | €425,472 | +€95,666 | +29.0% |
| Equity | 10/15 | €296,291 | €398,152 | +€101,861 | +34.4% |
| Contributions | 10/11 | €13,303 | €13,303 | = | 0.0% |
| Reserves | 13 | €282,988 | €384,849 | +€101,861 | +36.0% |
| Distributable reserves | 133 | €282,988 | €384,849 | +€101,861 | +36.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,515 | €27,320 | -€6,195 | -18.5% |
| Amounts payable within one year | 42/48 | €33,515 | €27,320 | -€6,195 | -18.5% |
| Trade debts | 44 | €1,225 | €5,121 | +€3,896 | +318% |
| Suppliers | 440/4 | €1,225 | €5,121 | +€3,896 | +318% |
| Taxes, remuneration and social security | 45 | €16,808 | €4,408 | -€12,399 | -73.8% |
| Taxes | 450/3 | €16,808 | €4,408 | -€12,399 | -73.8% |
| Other amounts payable | 47/48 | €15,482 | €17,791 | +€2,309 | +14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €24,238 | €0 | -€24,238 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €1,015 | +€229 | +29.1% |
| Other operating charges | 640/8 | €481 | €588 | +€107 | +22.3% |
| Gross operating margin | 9900 | €152,916 | €171,805 | +€18,889 | +12.4% |
| Operating profit (loss) | 9901 | €151,649 | €170,201 | +€18,553 | +12.2% |
| Financial income | 75/76B | €3,022 | €3,332 | +€310 | +10.3% |
| Recurring financial income | 75 | €3,022 | €3,332 | +€310 | +10.3% |
| Financial charges | 65/66B | €1,314 | €4,046 | +€2,732 | +208% |
| Recurring financial charges | 65 | €1,314 | €4,046 | +€2,732 | +208% |
| Profit (loss) for the period before taxes | 9903 | €153,357 | €169,487 | +€16,131 | +10.5% |
| Income taxes | 67/77 | €42,263 | €57,167 | +€14,904 | +35.3% |
| Profit (loss) for the period | 9904 | €111,094 | €112,321 | +€1,227 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,094 | €112,321 | +€1,227 | +1.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.