DOKTER TOM MOERMAN: what changed
Two fiscal 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 MOERMAN
Largest movements
- Cash -€56,736
down €56,736 (-6.0%), from €945,887 to €889,152
mainly Contributions, distributions and other (-€938,996) and Current investments (-€12,000)
- Reserves -€468,935
down €468,935 (-81.7%), from €573,996 to €105,061
- Other debts +€410,922
up €410,922 (+48.8%), from €841,384 to €1.3m
- Gross operating margin -€6,603
down €6,603 (-1.0%), from €633,823 to €627,219
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.
Cash bridge derived
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 | €1,437,221 | €1,389,456 | -€47,765 | -3.3% |
| Fixed assets | 21/28 | €4,441 | €9,447 | +€5,007 | +112.8% |
| Tangible fixed assets | 22/27 | €4,441 | €9,447 | +€5,007 | +112.8% |
| Plant, machinery and equipment | 23 | €731 | €363 | -€368 | -50.3% |
| Furniture and vehicles | 24 | €3,709 | €1,289 | -€2,420 | -65.2% |
| Other tangible fixed assets | 26 | - | €7,795 | +€7,795 | |
| Current assets | 29/58 | €1,432,780 | €1,380,009 | -€52,772 | -3.7% |
| Amounts receivable within one year | 40/41 | €441,834 | €435,050 | -€6,784 | -1.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €441,834 | €435,050 | -€6,784 | -1.5% |
| Current investments | 50/53 | €43,000 | €55,000 | +€12,000 | +27.9% |
| Cash at bank and in hand | 54/58 | €945,887 | €889,152 | -€56,736 | -6.0% |
| Deferred charges and accrued income | 490/1 | €2,059 | €807 | -€1,252 | -60.8% |
| Total equity and liabilities | 10/49 | €1,437,221 | €1,389,456 | -€47,765 | -3.3% |
| Equity | 10/15 | €578,996 | €110,061 | -€468,935 | -81.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €573,996 | €105,061 | -€468,935 | -81.7% |
| Distributable reserves | 133 | €573,996 | €105,061 | -€468,935 | -81.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €858,225 | €1,279,395 | +€421,170 | +49.1% |
| Amounts payable within one year | 42/48 | €858,225 | €1,279,095 | +€420,870 | +49.0% |
| Trade debts | 44 | €29 | €1,775 | +€1,746 | +6021.7% |
| Suppliers | 440/4 | €29 | €1,775 | +€1,746 | +6021.7% |
| Taxes, remuneration and social security | 45 | €16,812 | €25,013 | +€8,201 | +48.8% |
| Taxes | 450/3 | €16,812 | €25,013 | +€8,201 | +48.8% |
| Other amounts payable | 47/48 | €841,384 | €1,252,306 | +€410,922 | +48.8% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,788 | €2,861 | +€73 | +2.6% |
| Other operating charges | 640/8 | €1,781 | €1,832 | +€50 | +2.8% |
| Non-recurring operating charges | 66A | €58 | €0 | -€58 | -100.0% |
| Gross operating margin | 9900 | €633,823 | €627,219 | -€6,603 | -1.0% |
| Operating profit (loss) | 9901 | €629,195 | €622,527 | -€6,669 | -1.1% |
| Financial charges | 65/66B | €554 | €1,041 | +€486 | +87.7% |
| Recurring financial charges | 65 | €554 | €1,041 | +€486 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | €628,641 | €621,486 | -€7,155 | -1.1% |
| Income taxes | 67/77 | €153,156 | €151,425 | -€1,731 | -1.1% |
| Profit (loss) for the period | 9904 | €475,485 | €470,061 | -€5,424 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €475,485 | €470,061 | -€5,424 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.