DOKTER THOMAS STEELANDT: 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 STEELANDT
Largest movements
- Tangible fixed assets -€36,758
down €36,758 (-16.9%), from €217,857 to €181,099
of which Furniture and vehicles: -€22,077
- Cash +€20,241
up €20,241 (+25.9%), from €78,173 to €98,414
mainly Net result for the year (+€386,692) and Depreciation (+€36,758)
- Receivables within one year -€11,835
down €11,835 (-73.7%), from €16,053 to €4,218
- Debts after one year -€16,879
down €16,879 (-31.2%), from €54,048 to €37,169
- Reserves -€10,000
down €10,000 (-2.5%), from €397,000 to €387,000
- Gross operating margin -€9,226
down €9,226 (-1.7%), from €557,216 to €547,990
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 | €501,225 | €475,304 | -€25,921 | -5.2% |
| Fixed assets | 21/28 | €217,857 | €181,099 | -€36,758 | -16.9% |
| Tangible fixed assets | 22/27 | €217,857 | €181,099 | -€36,758 | -16.9% |
| Plant, machinery and equipment | 23 | €18,413 | €13,279 | -€5,134 | -27.9% |
| Furniture and vehicles | 24 | €91,166 | €69,088 | -€22,077 | -24.2% |
| Other tangible fixed assets | 26 | €108,278 | €98,732 | -€9,547 | -8.8% |
| Current assets | 29/58 | €283,368 | €294,205 | +€10,837 | +3.8% |
| Amounts receivable within one year | 40/41 | €16,053 | €4,218 | -€11,835 | -73.7% |
| Other amounts receivable | 41 | €16,053 | €4,218 | -€11,835 | -73.7% |
| Cash at bank and in hand | 54/58 | €78,173 | €98,414 | +€20,241 | +25.9% |
| Deferred charges and accrued income | 490/1 | €189,143 | €191,574 | +€2,431 | +1.3% |
| Total equity and liabilities | 10/49 | €501,225 | €475,304 | -€25,921 | -5.2% |
| Equity | 10/15 | €402,852 | €392,545 | -€10,308 | -2.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €397,000 | €387,000 | -€10,000 | -2.5% |
| Distributable reserves | 133 | €397,000 | €387,000 | -€10,000 | -2.5% |
| Profit (loss) carried forward | 14 | €852 | €545 | -€308 | -36.1% |
| Amounts payable | 17/49 | €98,373 | €82,759 | -€15,613 | -15.9% |
| Amounts payable after more than one year | 17 | €54,048 | €37,169 | -€16,879 | -31.2% |
| Financial debts | 170/4 | €54,048 | €37,169 | -€16,879 | -31.2% |
| Amounts payable within one year | 42/48 | €44,325 | €45,590 | +€1,266 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €17,616 | €18,258 | +€643 | +3.6% |
| Trade debts | 44 | €5,709 | €4,832 | -€877 | -15.4% |
| Suppliers | 440/4 | €5,709 | €4,832 | -€877 | -15.4% |
| Taxes, remuneration and social security | 45 | €21,000 | €22,500 | +€1,500 | +7.1% |
| Taxes | 450/3 | €21,000 | €22,500 | +€1,500 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,039 | €36,758 | +€4,718 | +14.7% |
| Other operating charges | 640/8 | €349 | €662 | +€313 | +89.5% |
| Gross operating margin | 9900 | €557,216 | €547,990 | -€9,226 | -1.7% |
| Operating profit (loss) | 9901 | €524,827 | €510,571 | -€14,257 | -2.7% |
| Financial income | 75/76B | €1,691 | €748 | -€943 | -55.8% |
| Recurring financial income | 75 | €1,691 | €748 | -€943 | -55.8% |
| Financial charges | 65/66B | €2,703 | €2,494 | -€208 | -7.7% |
| Recurring financial charges | 65 | €2,703 | €2,494 | -€208 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €523,816 | €508,824 | -€14,992 | -2.9% |
| Income taxes | 67/77 | €126,302 | €122,132 | -€4,170 | -3.3% |
| Profit (loss) for the period | 9904 | €397,514 | €386,692 | -€10,821 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €397,514 | €386,692 | -€10,821 | -2.7% |
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 31 October 2026 via checked.be.