DOKTER SERGOORIS: 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 SERGOORIS
Largest movements
- Current investments +€782,582
up €782,582 (+40.9%), from €1.9m to €2.7m
- Cash -€233,002
down €233,002 (-18.2%), from €1.3m to €1.1m
mainly Current investments (-€782,582) and Contributions, distributions and other (-€90,536)
- Reserves +€651,870
up €651,870 (+19.2%), from €3.4m to €4.1m
of which Distributable reserves: +€483,470
- Tax, wage and social debts -€86,108
down €86,108 (-60.0%), from €143,508 to €57,401
- Gross operating margin -€434,312
down €434,312 (-30.4%), from €1.4m to €996,361
- Taxes -€129,679
down €129,679 (-29.3%), from €442,253 to €312,573
- Financial income +€36,294
up €36,294 (+79.9%), from €45,408 to €81,702
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 | €3,561,978 | €4,128,050 | +€566,073 | +15.9% |
| Fixed assets | 21/28 | €66,691 | €89,591 | +€22,900 | +34.3% |
| Tangible fixed assets | 22/27 | €66,666 | €89,566 | +€22,900 | +34.4% |
| Land and buildings | 22 | €46,980 | €54,470 | +€7,491 | +15.9% |
| Plant, machinery and equipment | 23 | €17,629 | €33,621 | +€15,992 | +90.7% |
| Furniture and vehicles | 24 | €2,057 | €1,475 | -€582 | -28.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €3,495,287 | €4,038,459 | +€543,172 | +15.5% |
| Amounts receivable after more than one year | 29 | €259,000 | €266,000 | +€7,000 | +2.7% |
| Other amounts receivable | 291 | €259,000 | €266,000 | +€7,000 | +2.7% |
| Amounts receivable within one year | 40/41 | €38,241 | €24,802 | -€13,439 | -35.1% |
| Other amounts receivable | 41 | €38,241 | €24,802 | -€13,439 | -35.1% |
| Current investments | 50/53 | €1,913,471 | €2,696,054 | +€782,582 | +40.9% |
| Cash at bank and in hand | 54/58 | €1,283,104 | €1,050,102 | -€233,002 | -18.2% |
| Deferred charges and accrued income | 490/1 | €1,471 | €1,501 | +€30 | +2.0% |
| Total equity and liabilities | 10/49 | €3,561,978 | €4,128,050 | +€566,073 | +15.9% |
| Equity | 10/15 | €3,414,708 | €4,066,578 | +€651,870 | +19.1% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €3,402,300 | €4,054,170 | +€651,870 | +19.2% |
| Tax-exempt reserves | 132 | €336,800 | €505,200 | +€168,400 | +50.0% |
| Distributable reserves | 133 | €3,065,500 | €3,548,970 | +€483,470 | +15.8% |
| Amounts payable | 17/49 | €147,270 | €61,473 | -€85,798 | -58.3% |
| Amounts payable within one year | 42/48 | €147,270 | €61,473 | -€85,798 | -58.3% |
| Trade debts | 44 | €3,762 | €4,072 | +€310 | +8.2% |
| Suppliers | 440/4 | €3,762 | €4,072 | +€310 | +8.2% |
| Taxes, remuneration and social security | 45 | €143,508 | €57,401 | -€86,108 | -60.0% |
| Taxes | 450/3 | €143,508 | €57,401 | -€86,108 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,994 | €13,679 | +€685 | +5.3% |
| Other operating charges | 640/8 | €1,205 | €687 | -€517 | -42.9% |
| Gross operating margin | 9900 | €1,430,673 | €996,361 | -€434,312 | -30.4% |
| Operating profit (loss) | 9901 | €1,416,474 | €981,994 | -€434,480 | -30.7% |
| Financial income | 75/76B | €45,408 | €81,702 | +€36,294 | +79.9% |
| Recurring financial income | 75 | €45,408 | €81,702 | +€36,294 | +79.9% |
| Financial charges | 65/66B | €10,953 | €8,716 | -€2,237 | -20.4% |
| Recurring financial charges | 65 | €10,953 | €8,716 | -€2,237 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €1,450,929 | €1,054,980 | -€395,949 | -27.3% |
| Income taxes | 67/77 | €442,253 | €312,573 | -€129,679 | -29.3% |
| Profit (loss) for the period | 9904 | €1,008,676 | €742,407 | -€266,269 | -26.4% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €840,276 | €574,007 | -€266,269 | -31.7% |
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 22 October 2026 via checked.be.