Dokter Smagghe: 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 Smagghe
Largest movements
- Receivables within one year -€124,324
down €124,324 (-97.4%), from €127,702 to €3,378
of which Other amounts receivable: -€124,149
- Cash +€60,668
up €60,668 (+733%), from €8,276 to €68,944
mainly Net result for the year (+€352,637) and Receivables within one year (+€124,324)
- Deferred charges and accrued income +€19,971
up €19,971 (+12.7%), from €156,867 to €176,838
- Receivables after one year -€5,000
down €5,000 (-4.0%), from €125,333 to €120,333
- Reserves +€347,137
new in 2025: €347,137
- Other debts -€309,002
down €309,002 (-96.8%), from €319,082 to €10,080
- Tax, wage and social debts -€90,114
down €90,114 (-87.5%), from €102,941 to €12,827
- Gross operating margin -€29,010
down €29,010 (-5.8%), from €496,255 to €467,245
- Taxes -€9,841
down €9,841 (-8.1%), from €120,919 to €111,078
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 | €428,781 | €378,211 | -€50,570 | -11.8% |
| Fixed assets | 21/28 | €10,603 | €8,718 | -€1,885 | -17.8% |
| Tangible fixed assets | 22/27 | €10,603 | €8,718 | -€1,885 | -17.8% |
| Furniture and vehicles | 24 | €3,540 | €3,472 | -€68 | -1.9% |
| Other tangible fixed assets | 26 | €7,063 | €5,246 | -€1,817 | -25.7% |
| Current assets | 29/58 | €418,178 | €369,493 | -€48,685 | -11.6% |
| Amounts receivable after more than one year | 29 | €125,333 | €120,333 | -€5,000 | -4.0% |
| Other amounts receivable | 291 | €125,333 | €120,333 | -€5,000 | -4.0% |
| Amounts receivable within one year | 40/41 | €127,702 | €3,378 | -€124,324 | -97.4% |
| Trade receivables | 40 | €175 | - | -€175 | |
| Other amounts receivable | 41 | €127,527 | €3,378 | -€124,149 | -97.4% |
| Cash at bank and in hand | 54/58 | €8,276 | €68,944 | +€60,668 | +733% |
| Deferred charges and accrued income | 490/1 | €156,867 | €176,838 | +€19,971 | +12.7% |
| Total equity and liabilities | 10/49 | €428,781 | €378,211 | -€50,570 | -11.8% |
| Equity | 10/15 | €6,000 | €353,137 | +€347,137 | +5,786% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | - | €347,137 | +€347,137 | |
| Distributable reserves | 133 | - | €347,137 | +€347,137 | |
| Amounts payable | 17/49 | €422,781 | €25,074 | -€397,707 | -94.1% |
| Amounts payable within one year | 42/48 | €422,781 | €25,074 | -€397,707 | -94.1% |
| Trade debts | 44 | €758 | €2,167 | +€1,410 | +186% |
| Suppliers | 440/4 | €758 | €2,167 | +€1,410 | +186% |
| Taxes, remuneration and social security | 45 | €102,941 | €12,827 | -€90,114 | -87.5% |
| Taxes | 450/3 | €102,941 | €12,827 | -€90,114 | -87.5% |
| Other amounts payable | 47/48 | €319,082 | €10,080 | -€309,002 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,745 | €3,347 | -€1,398 | -29.5% |
| Other operating charges | 640/8 | €890 | €986 | +€96 | +10.8% |
| Non-recurring operating charges | 66A | - | €1,666 | +€1,666 | |
| Gross operating margin | 9900 | €496,255 | €467,245 | -€29,010 | -5.8% |
| Operating profit (loss) | 9901 | €490,620 | €461,246 | -€29,373 | -6.0% |
| Financial income | 75/76B | €9,577 | €6,711 | -€2,867 | -29.9% |
| Recurring financial income | 75 | €9,577 | €6,711 | -€2,867 | -29.9% |
| Financial charges | 65/66B | €4,947 | €4,242 | -€705 | -14.2% |
| Recurring financial charges | 65 | €4,947 | €4,242 | -€705 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €495,250 | €463,715 | -€31,535 | -6.4% |
| Income taxes | 67/77 | €120,919 | €111,078 | -€9,841 | -8.1% |
| Profit (loss) for the period | 9904 | €374,332 | €352,637 | -€21,694 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €374,332 | €352,637 | -€21,694 | -5.8% |
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 19 October 2026 via checked.be.