Dokter Thomas Pacolet: 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 Thomas Pacolet
Largest movements
- Receivables within one year +€37,338
up €37,338 (+432%), from €8,640 to €45,978
of which Trade receivables: +€41,197
- Tangible fixed assets +€29,104
up €29,104 (+51.0%), from €57,092 to €86,196
- Deferred charges and accrued income +€5,634
up €5,634 (+95.3%), from €5,912 to €11,546
- Cash +€4,251
up €4,251 (+8.3%), from €51,466 to €55,717
mainly Net result for the year (+€106,826) and Debts after one year (+€43,273)
- Debts after one year +€43,273
up €43,273 (+615%), from €7,033 to €50,306
- Other debts +€25,431
up €25,431 (+30.6%), from €83,000 to €108,431
- Tax, wage and social debts +€4,959
up €4,959 (+155%), from €3,195 to €8,155
- Current portion of long-term debt +€2,297
up €2,297 (+11.2%), from €20,537 to €22,834
- Gross operating margin +€17,101
up €17,101 (+12.1%), from €141,399 to €158,500
- Depreciation -€14,230
down €14,230 (-75.0%), from €18,969 to €4,739
- Taxes +€7,911
up €7,911 (+28.0%), from €28,272 to €36,183
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 | €123,110 | €199,436 | +€76,326 | +62.0% |
| Fixed assets | 21/28 | €57,092 | €86,196 | +€29,104 | +51.0% |
| Tangible fixed assets | 22/27 | €57,092 | €86,196 | +€29,104 | +51.0% |
| Furniture and vehicles | 24 | €57,092 | €86,196 | +€29,104 | +51.0% |
| Current assets | 29/58 | €66,018 | €113,241 | +€47,223 | +71.5% |
| Amounts receivable within one year | 40/41 | €8,640 | €45,978 | +€37,338 | +432% |
| Trade receivables | 40 | - | €41,197 | +€41,197 | |
| Other amounts receivable | 41 | €8,640 | €4,780 | -€3,859 | -44.7% |
| Cash at bank and in hand | 54/58 | €51,466 | €55,717 | +€4,251 | +8.3% |
| Deferred charges and accrued income | 490/1 | €5,912 | €11,546 | +€5,634 | +95.3% |
| Total equity and liabilities | 10/49 | €123,110 | €199,436 | +€76,326 | +62.0% |
| Equity | 10/15 | €7,533 | €7,326 | -€207 | -2.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €7,033 | €6,826 | -€207 | -2.9% |
| Distributable reserves | 133 | €7,033 | €6,826 | -€207 | -2.9% |
| Amounts payable | 17/49 | €115,577 | €192,110 | +€76,533 | +66.2% |
| Amounts payable after more than one year | 17 | €7,033 | €50,306 | +€43,273 | +615% |
| Financial debts | 170/4 | €7,033 | €50,306 | +€43,273 | +615% |
| Amounts payable within one year | 42/48 | €108,544 | €141,804 | +€33,261 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €20,537 | €22,834 | +€2,297 | +11.2% |
| Trade debts | 44 | €1,811 | €2,385 | +€573 | +31.6% |
| Suppliers | 440/4 | €1,811 | €2,385 | +€573 | +31.6% |
| Taxes, remuneration and social security | 45 | €3,195 | €8,155 | +€4,959 | +155% |
| Taxes | 450/3 | €3,195 | €8,155 | +€4,959 | +155% |
| Other amounts payable | 47/48 | €83,000 | €108,431 | +€25,431 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,969 | €4,739 | -€14,230 | -75.0% |
| Other operating charges | 640/8 | €1,789 | €1,384 | -€405 | -22.6% |
| Non-recurring operating charges | 66A | - | €7,569 | +€7,569 | |
| Gross operating margin | 9900 | €141,399 | €158,500 | +€17,101 | +12.1% |
| Operating profit (loss) | 9901 | €120,641 | €144,808 | +€24,167 | +20.0% |
| Financial income | 75/76B | €277 | €185 | -€91 | -32.9% |
| Recurring financial income | 75 | €277 | €185 | -€91 | -32.9% |
| Financial charges | 65/66B | €2,613 | €1,985 | -€628 | -24.0% |
| Recurring financial charges | 65 | €2,613 | €1,985 | -€628 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €118,305 | €143,009 | +€24,704 | +20.9% |
| Income taxes | 67/77 | €28,272 | €36,183 | +€7,911 | +28.0% |
| Profit (loss) for the period | 9904 | €90,033 | €106,826 | +€16,793 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €90,033 | €106,826 | +€16,793 | +18.7% |
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 24 October 2026 via checked.be.