Dokter Torfs: 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 Torfs
Largest movements
- Tangible fixed assets -€46,524
down €46,524 (-12.6%), from €369,929 to €323,405
of which Other tangible fixed assets: -€29,949
- Cash -€15,028
down €15,028 (-20.6%), from €72,930 to €57,902
mainly Contributions, distributions and other (-€100,000) and Debts after one year (-€40,892)
- Receivables within one year -€8,907
down €8,907 (-58.2%), from €15,317 to €6,410
of which Other amounts receivable: -€8,472
- Profit (loss) carried forward -€56,862
down €56,862 (-68.3%), from €83,247 to €26,385
- Debts after one year -€40,892
down €40,892 (-15.4%), from €264,870 to €223,978
- Other debts +€24,404
up €24,404 (+38.6%), from €63,144 to €87,548
- Gross operating margin -€14,127
down €14,127 (-11.6%), from €122,189 to €108,062
- Taxes -€3,389
down €3,389 (-22.3%), from €15,194 to €11,805
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 | €460,338 | €387,717 | -€72,620 | -15.8% |
| Fixed assets | 21/28 | €369,929 | €323,405 | -€46,524 | -12.6% |
| Tangible fixed assets | 22/27 | €369,929 | €323,405 | -€46,524 | -12.6% |
| Land and buildings | 22 | €131,198 | €121,811 | -€9,387 | -7.2% |
| Plant, machinery and equipment | 23 | €778 | €486 | -€292 | -37.5% |
| Furniture and vehicles | 24 | €8,342 | €1,446 | -€6,896 | -82.7% |
| Other tangible fixed assets | 26 | €229,612 | €199,662 | -€29,949 | -13.0% |
| Current assets | 29/58 | €90,408 | €64,312 | -€26,096 | -28.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €15,317 | €6,410 | -€8,907 | -58.2% |
| Trade receivables | 40 | €435 | €0 | -€435 | -100.0% |
| Other amounts receivable | 41 | €14,882 | €6,410 | -€8,472 | -56.9% |
| Cash at bank and in hand | 54/58 | €72,930 | €57,902 | -€15,028 | -20.6% |
| Deferred charges and accrued income | 490/1 | €2,161 | €0 | -€2,161 | -100.0% |
| Total equity and liabilities | 10/49 | €460,338 | €387,717 | -€72,620 | -15.8% |
| Equity | 10/15 | €88,247 | €31,385 | -€56,862 | -64.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,247 | €26,385 | -€56,862 | -68.3% |
| Amounts payable | 17/49 | €372,091 | €356,333 | -€15,758 | -4.2% |
| Amounts payable after more than one year | 17 | €264,870 | €223,978 | -€40,892 | -15.4% |
| Financial debts | 170/4 | €264,870 | €223,978 | -€40,892 | -15.4% |
| Amounts payable within one year | 42/48 | €107,221 | €132,354 | +€25,133 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €40,437 | €40,892 | +€455 | +1.1% |
| Trade debts | 44 | €3,640 | €3,915 | +€275 | +7.5% |
| Suppliers | 440/4 | €3,640 | €3,915 | +€275 | +7.5% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €63,144 | €87,548 | +€24,404 | +38.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,252 | €48,491 | +€240 | +0.5% |
| Other operating charges | 640/8 | €1,525 | €1,053 | -€472 | -31.0% |
| Gross operating margin | 9900 | €122,189 | €108,062 | -€14,127 | -11.6% |
| Operating profit (loss) | 9901 | €72,412 | €58,517 | -€13,895 | -19.2% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €3,982 | €3,574 | -€408 | -10.2% |
| Recurring financial charges | 65 | €3,982 | €3,574 | -€408 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €68,450 | €54,943 | -€13,507 | -19.7% |
| Income taxes | 67/77 | €15,194 | €11,805 | -€3,389 | -22.3% |
| Profit (loss) for the period | 9904 | €53,255 | €43,138 | -€10,117 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,255 | €43,138 | -€10,117 | -19.0% |
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 12 October 2026 via checked.be.