DOKTER STEFAN BIESEMANS: 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 STEFAN BIESEMANS
Largest movements
- Cash +€16,434
up €16,434 (+36.1%), from €45,496 to €61,931
mainly Depreciation (+€22,114) and Deferred charges and accrued income (+€2,679)
- Tangible fixed assets -€13,547
down €13,547 (-4.5%), from €301,619 to €288,072
of which Furniture and vehicles: -€10,800
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,793
down €8,793 (-20.9%), from €42,020 to €33,227
- Taxes -€1,979
down €1,979 (-19.9%), from €9,952 to €7,974
- Other operating charges -€905
down €905 (-24.0%), from €3,764 to €2,860
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 | €358,742 | €356,930 | -€1,813 | -0.5% |
| Fixed assets | 21/28 | €301,619 | €288,072 | -€13,547 | -4.5% |
| Tangible fixed assets | 22/27 | €301,619 | €288,072 | -€13,547 | -4.5% |
| Land and buildings | 22 | €283,616 | €280,976 | -€2,641 | -0.9% |
| Plant, machinery and equipment | 23 | €2,557 | €2,451 | -€106 | -4.1% |
| Furniture and vehicles | 24 | €15,445 | €4,645 | -€10,800 | -69.9% |
| Current assets | 29/58 | €57,123 | €68,857 | +€11,734 | +20.5% |
| Amounts receivable within one year | 40/41 | €4,048 | €2,026 | -€2,021 | -49.9% |
| Other amounts receivable | 41 | €4,048 | €2,026 | -€2,021 | -49.9% |
| Cash at bank and in hand | 54/58 | €45,496 | €61,931 | +€16,434 | +36.1% |
| Deferred charges and accrued income | 490/1 | €7,579 | €4,900 | -€2,679 | -35.3% |
| Total equity and liabilities | 10/49 | €358,742 | €356,930 | -€1,813 | -0.5% |
| Equity | 10/15 | €314,108 | €314,251 | +€142 | 0.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €301,708 | €301,851 | +€142 | 0.0% |
| Distributable reserves | 133 | €301,708 | €301,851 | +€142 | 0.0% |
| Amounts payable | 17/49 | €44,634 | €42,679 | -€1,955 | -4.4% |
| Amounts payable after more than one year | 17 | €40,000 | €37,500 | -€2,500 | -6.3% |
| Financial debts | 170/4 | €40,000 | €37,500 | -€2,500 | -6.3% |
| Amounts payable within one year | 42/48 | €4,634 | €5,179 | +€545 | +11.8% |
| Trade debts | 44 | €1,586 | €2,132 | +€547 | +34.5% |
| Suppliers | 440/4 | €1,586 | €2,132 | +€547 | +34.5% |
| Taxes, remuneration and social security | 45 | €3,000 | €3,000 | = | 0.0% |
| Taxes | 450/3 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €48 | €46 | -€2 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,766 | €22,114 | +€348 | +1.6% |
| Other operating charges | 640/8 | €3,764 | €2,860 | -€905 | -24.0% |
| Gross operating margin | 9900 | €42,020 | €33,227 | -€8,793 | -20.9% |
| Operating profit (loss) | 9901 | €16,490 | €8,254 | -€8,236 | -49.9% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €131 | €138 | +€7 | +5.3% |
| Recurring financial charges | 65 | €131 | €138 | +€7 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €16,365 | €8,116 | -€8,249 | -50.4% |
| Income taxes | 67/77 | €9,952 | €7,974 | -€1,979 | -19.9% |
| Profit (loss) for the period | 9904 | €6,413 | €142 | -€6,270 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,413 | €142 | -€6,270 | -97.8% |
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 27 October 2026 via checked.be.