Dokter Thijs Cools: 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 Thijs Cools
Largest movements
- Cash -€100,371
down €100,371 (-63.7%), from €157,475 to €57,104
mainly Contributions, distributions and other (-€232,668) and Current investments (-€100,366)
- Current investments +€100,366
up €100,366 (+115%), from €87,000 to €187,366
- Receivables within one year +€14,741
up €14,741 (+27.3%), from €53,927 to €68,668
of which Trade receivables: +€14,389
- Tangible fixed assets -€3,685
down €3,685 (-43.7%), from €8,436 to €4,751
of which Other tangible fixed assets: -€3,262
- Other debts +€37,075
up €37,075 (+16.9%), from €219,858 to €256,932
- Tax, wage and social debts -€32,383
down €32,383 (-98.1%), from €33,000 to €617
- Reserves +€5,689
up €5,689 (+16.1%), from €35,324 to €41,014
of which Distributable reserves: +€7,549
- Gross operating margin +€15,848
up €15,848 (+5.2%), from €306,254 to €322,102
- Financial charges +€4,027
up €4,027 (+243%), from €1,656 to €5,683
- Financial income -€3,995
down €3,995 (-44.9%), from €8,898 to €4,903
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 | €306,838 | €317,889 | +€11,051 | +3.6% |
| Fixed assets | 21/28 | €8,436 | €4,751 | -€3,685 | -43.7% |
| Tangible fixed assets | 22/27 | €8,436 | €4,751 | -€3,685 | -43.7% |
| Plant, machinery and equipment | 23 | €1,391 | €969 | -€423 | -30.4% |
| Other tangible fixed assets | 26 | €7,045 | €3,782 | -€3,262 | -46.3% |
| Current assets | 29/58 | €298,402 | €313,138 | +€14,736 | +4.9% |
| Amounts receivable within one year | 40/41 | €53,927 | €68,668 | +€14,741 | +27.3% |
| Trade receivables | 40 | €42,475 | €56,865 | +€14,389 | +33.9% |
| Other amounts receivable | 41 | €11,452 | €11,804 | +€351 | +3.1% |
| Current investments | 50/53 | €87,000 | €187,366 | +€100,366 | +115% |
| Cash at bank and in hand | 54/58 | €157,475 | €57,104 | -€100,371 | -63.7% |
| Total equity and liabilities | 10/49 | €306,838 | €317,889 | +€11,051 | +3.6% |
| Equity | 10/15 | €53,924 | €59,614 | +€5,689 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,324 | €41,014 | +€5,689 | +16.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €33,464 | €41,014 | +€7,549 | +22.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €252,914 | €258,275 | +€5,361 | +2.1% |
| Amounts payable within one year | 42/48 | €252,914 | €258,275 | +€5,361 | +2.1% |
| Trade debts | 44 | €56 | €726 | +€670 | +1,196% |
| Suppliers | 440/4 | €56 | €726 | +€670 | +1,196% |
| Taxes, remuneration and social security | 45 | €33,000 | €617 | -€32,383 | -98.1% |
| Taxes | 450/3 | €33,000 | €617 | -€32,383 | -98.1% |
| Other amounts payable | 47/48 | €219,858 | €256,932 | +€37,075 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,303 | €1,194 | -€1,109 | -48.2% |
| Other operating charges | 640/8 | €828 | €1,804 | +€976 | +118% |
| Non-recurring operating charges | 66A | - | €7,045 | +€7,045 | |
| Gross operating margin | 9900 | €306,254 | €322,102 | +€15,848 | +5.2% |
| Operating profit (loss) | 9901 | €303,123 | €312,060 | +€8,937 | +2.9% |
| Financial income | 75/76B | €8,898 | €4,903 | -€3,995 | -44.9% |
| Recurring financial income | 75 | €8,898 | €4,903 | -€3,995 | -44.9% |
| Financial charges | 65/66B | €1,656 | €5,683 | +€4,027 | +243% |
| Recurring financial charges | 65 | €1,656 | €5,683 | +€4,027 | +243% |
| Profit (loss) for the period before taxes | 9903 | €310,365 | €311,281 | +€916 | +0.3% |
| Income taxes | 67/77 | €74,188 | €72,924 | -€1,264 | -1.7% |
| Profit (loss) for the period | 9904 | €236,177 | €238,357 | +€2,180 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €236,177 | €238,357 | +€2,180 | +0.9% |
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 15 October 2026 via checked.be.