Dokter T. Fransen: 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 T. Fransen
Largest movements
- Cash -€28,911
down €28,911 (-59.4%), from €48,638 to €19,727
mainly Contributions, distributions and other (-€31,400) and Receivables within one year (-€23,590)
- Receivables within one year +€23,590
up €23,590 (+56.6%), from €41,665 to €65,255
- Intangible fixed assets -€17,000
down €17,000 (-16.6%), from €102,559 to €85,559
- Financial fixed assets +€15,000
up €15,000 (+2,273%), from €660 to €15,660
- Deferred charges and accrued income +€14,192
up €14,192 (+100%), from €14,124 to €28,316
- Reserves +€33,467
up €33,467 (+21.6%), from €154,853 to €188,320
- Debts after one year -€17,019
down €17,019 (-18.4%), from €92,506 to €75,487
- Tax, wage and social debts -€14,247
down €14,247 (-95.4%), from €14,942 to €694
- Gross operating margin +€30,414
up €30,414 (+37.8%), from €80,536 to €110,950
- Taxes +€7,931
up €7,931 (+45.6%), from €17,379 to €25,310
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 | €285,740 | €288,278 | +€2,539 | +0.9% |
| Fixed assets | 21/28 | €111,313 | €104,981 | -€6,332 | -5.7% |
| Intangible fixed assets | 21 | €102,559 | €85,559 | -€17,000 | -16.6% |
| Tangible fixed assets | 22/27 | €8,094 | €3,762 | -€4,332 | -53.5% |
| Plant, machinery and equipment | 23 | €3,457 | €2,221 | -€1,236 | -35.7% |
| Furniture and vehicles | 24 | €4,637 | €1,541 | -€3,097 | -66.8% |
| Financial fixed assets | 28 | €660 | €15,660 | +€15,000 | +2,273% |
| Current assets | 29/58 | €174,427 | €183,298 | +€8,871 | +5.1% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,665 | €65,255 | +€23,590 | +56.6% |
| Other amounts receivable | 41 | €41,665 | €65,255 | +€23,590 | +56.6% |
| Cash at bank and in hand | 54/58 | €48,638 | €19,727 | -€28,911 | -59.4% |
| Deferred charges and accrued income | 490/1 | €14,124 | €28,316 | +€14,192 | +100% |
| Total equity and liabilities | 10/49 | €285,740 | €288,278 | +€2,539 | +0.9% |
| Equity | 10/15 | €159,853 | €193,320 | +€33,467 | +20.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €154,853 | €188,320 | +€33,467 | +21.6% |
| Distributable reserves | 133 | €154,853 | €188,320 | +€33,467 | +21.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €125,887 | €94,958 | -€30,928 | -24.6% |
| Amounts payable after more than one year | 17 | €92,506 | €75,487 | -€17,019 | -18.4% |
| Financial debts | 170/4 | €92,506 | €75,487 | -€17,019 | -18.4% |
| Amounts payable within one year | 42/48 | €33,380 | €19,471 | -€13,909 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €16,872 | €17,019 | +€148 | +0.9% |
| Trade debts | 44 | €401 | €1,758 | +€1,357 | +339% |
| Suppliers | 440/4 | €401 | €1,758 | +€1,357 | +339% |
| Taxes, remuneration and social security | 45 | €14,942 | €694 | -€14,247 | -95.4% |
| Taxes | 450/3 | €14,942 | €694 | -€14,247 | -95.4% |
| Other amounts payable | 47/48 | €1,166 | €0 | -€1,166 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,275 | €21,332 | +€57 | +0.3% |
| Other operating charges | 640/8 | €141 | €144 | +€4 | +2.6% |
| Gross operating margin | 9900 | €80,536 | €110,950 | +€30,414 | +37.8% |
| Operating profit (loss) | 9901 | €59,121 | €89,474 | +€30,354 | +51.3% |
| Financial income | 75/76B | €2,627 | €1,880 | -€747 | -28.4% |
| Recurring financial income | 75 | €2,627 | €1,880 | -€747 | -28.4% |
| Financial charges | 65/66B | €1,300 | €1,176 | -€124 | -9.5% |
| Recurring financial charges | 65 | €1,300 | €1,176 | -€124 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €60,447 | €90,178 | +€29,731 | +49.2% |
| Income taxes | 67/77 | €17,379 | €25,310 | +€7,931 | +45.6% |
| Profit (loss) for the period | 9904 | €43,068 | €64,867 | +€21,799 | +50.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,068 | €64,867 | +€21,799 | +50.6% |
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 30 October 2026 via checked.be.