DOKTER STEFANIE MOERMANS: what changed
What changed
DOKTER STEFANIE MOERMANS
filed annual accounts (NBB)
Net result for the year
€36,765
2024 · €81,165-€44,400
Equity
€466,567
2024 · €429,803+€36,765
Cash
€343,163
2024 · €215,968+€127,195
Balance sheet total
€527,996
2024 · €539,482-€11,486
Largest movements
Assets
- Cash +€127,195
up €127,195 (+58.9%), from €215,968 to €343,163
mainly Current investments (+€85,000) and Net result for the year (+€36,765)
- Current investments -€85,000
down €85,000 (-62.7%), from €135,632 to €50,632
- Receivables within one year -€27,709
down €27,709 (-93.4%), from €29,679 to €1,970
- Intangible fixed assets -€24,700
down €24,700 (-25.5%), from €96,742 to €72,042
Equity and liabilities
- Reserves +€36,765
up €36,765 (+8.9%), from €411,203 to €447,967
of which Distributable reserves: +€36,765
- Debts after one year -€32,709
down €32,709 (-66.2%), from €49,388 to €16,679
- Advances received -€14,651
no longer reported in 2025 (was €14,651)
Income statement
- Gross operating margin -€59,762
down €59,762 (-42.6%), from €140,187 to €80,426
- Taxes -€14,237
down €14,237 (-44.2%), from €32,178 to €17,941
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.
Result 2024
€81,165
Gross operating margin
-€59,762
Depreciation
+€59
Other operating charges
-€9
Financial income
-€153
Financial charges
+€1,227
Taxes
+€14,237
Result 2025
€36,765
raises the resultlowers the result
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.
From operations
+€77,900
Investment
+€82,710
Financing
-€33,414
Cash 2024
€215,968
From operations (derived)
+€77,900
Net result for the year
+€36,765
Depreciation
+€28,504
Receivables within one year
+€27,709
Deferred charges and accrued income
-€241
Trade debts
+€1,391
Tax, wage and social debts
-€2,395
Advances received
-€14,651
Other debts
+€818
Investment (derived)
+€82,710
Investment in fixed assets (net)
-€2,290
Current investments
+€85,000
Financing
-€33,414
Debts after one year
-€32,709
Current portion of long-term debt
-€705
Cash 2025
€343,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,482 | €527,996 | -€11,486 | -2.1% |
| Fixed assets | 21/28 | €157,614 | €131,401 | -€26,213 | -16.6% |
| Intangible fixed assets | 21 | €96,742 | €72,042 | -€24,700 | -25.5% |
| Tangible fixed assets | 22/27 | €60,872 | €59,359 | -€1,513 | -2.5% |
| Land and buildings | 22 | €60,789 | €57,160 | -€3,629 | -6.0% |
| Plant, machinery and equipment | 23 | €83 | €2,199 | +€2,116 | +2,546% |
| Current assets | 29/58 | €381,868 | €396,595 | +€14,727 | +3.9% |
| Amounts receivable within one year | 40/41 | €29,679 | €1,970 | -€27,709 | -93.4% |
| Trade receivables | 40 | €29,679 | €1,970 | -€27,709 | -93.4% |
| Current investments | 50/53 | €135,632 | €50,632 | -€85,000 | -62.7% |
| Cash at bank and in hand | 54/58 | €215,968 | €343,163 | +€127,195 | +58.9% |
| Deferred charges and accrued income | 490/1 | €589 | €830 | +€241 | +41.0% |
| Total equity and liabilities | 10/49 | €539,482 | €527,996 | -€11,486 | -2.1% |
| Equity | 10/15 | €429,803 | €466,567 | +€36,765 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411,203 | €447,967 | +€36,765 | +8.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €409,343 | €446,107 | +€36,765 | +9.0% |
| Amounts payable | 17/49 | €109,679 | €61,428 | -€48,251 | -44.0% |
| Amounts payable after more than one year | 17 | €49,388 | €16,679 | -€32,709 | -66.2% |
| Financial debts | 170/4 | €49,388 | €16,679 | -€32,709 | -66.2% |
| Amounts payable within one year | 42/48 | €60,292 | €44,750 | -€15,542 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €34,480 | €33,775 | -€705 | -2.0% |
| Trade debts | 44 | €246 | €1,638 | +€1,391 | +565% |
| Suppliers | 440/4 | €246 | €1,638 | +€1,391 | +565% |
| Advances received on contracts in progress | 46 | €14,651 | - | -€14,651 | |
| Taxes, remuneration and social security | 45 | €10,871 | €8,476 | -€2,395 | -22.0% |
| Taxes | 450/3 | €8,694 | €6,298 | -€2,395 | -27.6% |
| Remuneration and social security | 454/9 | €2,177 | €2,177 | = | 0.0% |
| Other amounts payable | 47/48 | €44 | €862 | +€818 | +1,877% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,563 | €28,504 | -€59 | -0.2% |
| Other operating charges | 640/8 | €348 | €357 | +€9 | +2.6% |
| Gross operating margin | 9900 | €140,187 | €80,426 | -€59,762 | -42.6% |
| Operating profit (loss) | 9901 | €111,277 | €51,565 | -€59,711 | -53.7% |
| Financial income | 75/76B | €4,283 | €4,130 | -€153 | -3.6% |
| Recurring financial income | 75 | €4,283 | €4,130 | -€153 | -3.6% |
| Financial charges | 65/66B | €2,217 | €990 | -€1,227 | -55.3% |
| Recurring financial charges | 65 | €2,217 | €990 | -€1,227 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €113,343 | €54,706 | -€58,638 | -51.7% |
| Income taxes | 67/77 | €32,178 | €17,941 | -€14,237 | -44.2% |
| Profit (loss) for the period | 9904 | €81,165 | €36,765 | -€44,400 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €81,165 | €36,765 | -€44,400 | -54.7% |
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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 2 November 2026 via checked.be.