DOKTER STEFANIE VAN MIERLOO: 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 STEFANIE VAN MIERLOO
Largest movements
- Deferred charges and accrued income -€73,305
down €73,305 (-100%), from €73,305 to €0
- Tangible fixed assets +€28,223
up €28,223 (+544%), from €5,188 to €33,412
of which Other tangible fixed assets: +€25,543
- Financial fixed assets +€26,000
new in 2025: €26,000
- Cash +€10,660
up €10,660 (+206%), from €5,171 to €15,831
mainly Deferred charges and accrued income (+€73,305) and Net result for the year (+€69,009)
- Reserves +€49,009
up €49,009, from €0 to €49,009
- Accrued charges and deferred income -€34,050
down €34,050 (-100%), from €34,050 to €0
- Other debts -€16,655
down €16,655 (-28.7%), from €58,021 to €41,366
- Tax, wage and social debts -€4,056
down €4,056 (-40.0%), from €10,149 to €6,093
- Trade debts -€2,118
down €2,118 (-61.5%), from €3,445 to €1,326
- Gross operating margin +€19,584
up €19,584 (+25.9%), from €75,469 to €95,053
- Financial income -€14,751
down €14,751 (-99.8%), from €14,785 to €35
- Taxes +€3,008
up €3,008 (+19.9%), from €15,085 to €18,093
- Depreciation +€1,468
up €1,468 (+61.3%), from €2,396 to €3,864
- Financial charges -€1,117
down €1,117 (-26.1%), from €4,281 to €3,164
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 | €108,664 | €100,794 | -€7,871 | -7.2% |
| Fixed assets | 21/28 | €5,188 | €59,412 | +€54,223 | +1,045% |
| Tangible fixed assets | 22/27 | €5,188 | €33,412 | +€28,223 | +544% |
| Plant, machinery and equipment | 23 | - | €1,714 | +€1,714 | |
| Furniture and vehicles | 24 | €2,787 | €3,753 | +€966 | +34.7% |
| Other tangible fixed assets | 26 | €2,402 | €27,945 | +€25,543 | +1,064% |
| Financial fixed assets | 28 | - | €26,000 | +€26,000 | |
| Current assets | 29/58 | €103,476 | €41,382 | -€62,094 | -60.0% |
| Amounts receivable within one year | 40/41 | €25,000 | €25,551 | +€551 | +2.2% |
| Trade receivables | 40 | - | €11,250 | +€11,250 | |
| Other amounts receivable | 41 | €25,000 | €14,301 | -€10,699 | -42.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,171 | €15,831 | +€10,660 | +206% |
| Deferred charges and accrued income | 490/1 | €73,305 | €0 | -€73,305 | -100% |
| Total equity and liabilities | 10/49 | €108,664 | €100,794 | -€7,871 | -7.2% |
| Equity | 10/15 | €3,000 | €52,009 | +€49,009 | +1,634% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €0 | €49,009 | +€49,009 | |
| Distributable reserves | 133 | €0 | €49,009 | +€49,009 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €105,664 | €48,785 | -€56,880 | -53.8% |
| Amounts payable within one year | 42/48 | €71,615 | €48,785 | -€22,830 | -31.9% |
| Trade debts | 44 | €3,445 | €1,326 | -€2,118 | -61.5% |
| Suppliers | 440/4 | €3,445 | €1,326 | -€2,118 | -61.5% |
| Taxes, remuneration and social security | 45 | €10,149 | €6,093 | -€4,056 | -40.0% |
| Taxes | 450/3 | €10,149 | €6,093 | -€4,056 | -40.0% |
| Other amounts payable | 47/48 | €58,021 | €41,366 | -€16,655 | -28.7% |
| Accrued charges and deferred income | 492/3 | €34,050 | €0 | -€34,050 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,396 | €3,864 | +€1,468 | +61.3% |
| Other operating charges | 640/8 | €993 | €958 | -€35 | -3.6% |
| Gross operating margin | 9900 | €75,469 | €95,053 | +€19,584 | +25.9% |
| Operating profit (loss) | 9901 | €72,080 | €90,231 | +€18,151 | +25.2% |
| Financial income | 75/76B | €14,785 | €35 | -€14,751 | -99.8% |
| Recurring financial income | 75 | €14,785 | €35 | -€14,751 | -99.8% |
| Financial charges | 65/66B | €4,281 | €3,164 | -€1,117 | -26.1% |
| Recurring financial charges | 65 | €4,281 | €3,164 | -€1,117 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | €82,584 | €87,101 | +€4,518 | +5.5% |
| Income taxes | 67/77 | €15,085 | €18,093 | +€3,008 | +19.9% |
| Profit (loss) for the period | 9904 | €67,499 | €69,009 | +€1,510 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,499 | €69,009 | +€1,510 | +2.2% |
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 28 October 2026 via checked.be.