Dokter Tom Denolf: 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 Tom Denolf
Largest movements
- Current investments +€70,163
up €70,163 (+25.0%), from €280,581 to €350,744
- Cash -€59,038
down €59,038 (-66.2%), from €89,227 to €30,189
mainly Contributions, distributions and other (-€110,443) and Current investments (-€70,163)
- Receivables within one year +€7,575
up €7,575 (+265%), from €2,855 to €10,430
- Tangible fixed assets -€5,252
down €5,252 (-18.7%), from €28,030 to €22,778
of which Furniture and vehicles: -€5,915
- Other debts +€72,137
up €72,137 (+768%), from €9,395 to €81,532
- Reserves -€59,102
down €59,102 (-13.8%), from €426,958 to €367,856
- Gross operating margin +€5,103
up €5,103 (+7.1%), from €71,617 to €76,720
- Depreciation +€3,164
up €3,164 (+88.4%), from €3,578 to €6,742
- Taxes +€1,815
up €1,815 (+8.9%), from €20,502 to €22,317
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 | €455,598 | €471,808 | +€16,210 | +3.6% |
| Fixed assets | 21/28 | €28,030 | €22,778 | -€5,252 | -18.7% |
| Tangible fixed assets | 22/27 | €28,030 | €22,778 | -€5,252 | -18.7% |
| Plant, machinery and equipment | 23 | €1,956 | €2,619 | +€663 | +33.9% |
| Furniture and vehicles | 24 | €26,074 | €20,159 | -€5,915 | -22.7% |
| Current assets | 29/58 | €427,569 | €449,030 | +€21,462 | +5.0% |
| Amounts receivable after more than one year | 29 | €51,560 | €53,365 | +€1,805 | +3.5% |
| Other amounts receivable | 291 | €51,560 | €53,365 | +€1,805 | +3.5% |
| Amounts receivable within one year | 40/41 | €2,855 | €10,430 | +€7,575 | +265% |
| Other amounts receivable | 41 | €2,855 | €10,430 | +€7,575 | +265% |
| Current investments | 50/53 | €280,581 | €350,744 | +€70,163 | +25.0% |
| Cash at bank and in hand | 54/58 | €89,227 | €30,189 | -€59,038 | -66.2% |
| Deferred charges and accrued income | 490/1 | €3,345 | €4,302 | +€957 | +28.6% |
| Total equity and liabilities | 10/49 | €455,598 | €471,808 | +€16,210 | +3.6% |
| Equity | 10/15 | €445,558 | €386,456 | -€59,102 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €426,958 | €367,856 | -€59,102 | -13.8% |
| Distributable reserves | 133 | €426,958 | €367,856 | -€59,102 | -13.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,040 | €85,353 | +€75,312 | +750% |
| Amounts payable within one year | 42/48 | €10,040 | €84,693 | +€74,652 | +744% |
| Trade debts | 44 | €536 | €1,910 | +€1,374 | +256% |
| Suppliers | 440/4 | €536 | €1,910 | +€1,374 | +256% |
| Taxes, remuneration and social security | 45 | €110 | €1,251 | +€1,141 | +1,041% |
| Taxes | 450/3 | €110 | €1,251 | +€1,141 | +1,041% |
| Other amounts payable | 47/48 | €9,395 | €81,532 | +€72,137 | +768% |
| Accrued charges and deferred income | 492/3 | - | €660 | +€660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,578 | €6,742 | +€3,164 | +88.4% |
| Other operating charges | 640/8 | €865 | €944 | +€79 | +9.1% |
| Non-recurring operating charges | 66A | - | €79 | +€79 | |
| Gross operating margin | 9900 | €71,617 | €76,720 | +€5,103 | +7.1% |
| Operating profit (loss) | 9901 | €67,174 | €68,955 | +€1,781 | +2.7% |
| Financial income | 75/76B | €5,020 | €5,605 | +€585 | +11.7% |
| Recurring financial income | 75 | €5,020 | €5,605 | +€585 | +11.7% |
| Financial charges | 65/66B | €639 | €902 | +€262 | +41.0% |
| Recurring financial charges | 65 | €639 | €902 | +€262 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €71,555 | €73,658 | +€2,104 | +2.9% |
| Income taxes | 67/77 | €20,502 | €22,317 | +€1,815 | +8.9% |
| Profit (loss) for the period | 9904 | €51,053 | €51,341 | +€289 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €51,053 | €51,341 | +€289 | +0.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.