DOKTER VAN DEUN MICHAEL: 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 VAN DEUN MICHAEL
Largest movements
- Cash +€75,129
up €75,129 (+28.3%), from €265,708 to €340,836
mainly Net result for the year (+€96,201) and Depreciation (+€8,878)
- Receivables within one year +€29,471
up €29,471 (+14.9%), from €198,212 to €227,683
- Tangible fixed assets -€8,878
down €8,878 (-39.5%), from €22,449 to €13,571
of which Furniture and vehicles: -€8,074
- Reserves +€96,201
up €96,201 (+15.5%), from €621,269 to €717,470
of which Distributable reserves: +€96,494
- Gross operating margin +€18,449
up €18,449 (+14.5%), from €127,275 to €145,724
- Taxes +€6,181
up €6,181 (+14.8%), from €41,631 to €47,812
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 | €640,977 | €741,074 | +€100,097 | +15.6% |
| Fixed assets | 21/28 | €22,449 | €13,571 | -€8,878 | -39.5% |
| Tangible fixed assets | 22/27 | €22,449 | €13,571 | -€8,878 | -39.5% |
| Land and buildings | 22 | €6,719 | €5,914 | -€804 | -12.0% |
| Furniture and vehicles | 24 | €15,730 | €7,656 | -€8,074 | -51.3% |
| Current assets | 29/58 | €618,528 | €727,503 | +€108,975 | +17.6% |
| Amounts receivable after more than one year | 29 | €154,609 | €158,984 | +€4,375 | +2.8% |
| Other amounts receivable | 291 | €154,609 | €158,984 | +€4,375 | +2.8% |
| Amounts receivable within one year | 40/41 | €198,212 | €227,683 | +€29,471 | +14.9% |
| Other amounts receivable | 41 | €198,212 | €227,683 | +€29,471 | +14.9% |
| Cash at bank and in hand | 54/58 | €265,708 | €340,836 | +€75,129 | +28.3% |
| Total equity and liabilities | 10/49 | €640,977 | €741,074 | +€100,097 | +15.6% |
| Equity | 10/15 | €639,869 | €736,070 | +€96,201 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €621,269 | €717,470 | +€96,201 | +15.5% |
| Tax-exempt reserves | 132 | €293 | €0 | -€293 | -100% |
| Distributable reserves | 133 | €620,975 | €717,470 | +€96,494 | +15.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,108 | €5,004 | +€3,896 | +351% |
| Amounts payable within one year | 42/48 | €1,108 | €5,004 | +€3,896 | +351% |
| Trade debts | 44 | €1,108 | €2,193 | +€1,085 | +97.9% |
| Suppliers | 440/4 | €1,108 | €2,193 | +€1,085 | +97.9% |
| Taxes, remuneration and social security | 45 | €0 | €2,811 | +€2,811 | |
| Taxes | 450/3 | €0 | €2,811 | +€2,811 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,437 | €8,878 | +€441 | +5.2% |
| Other operating charges | 640/8 | €1,700 | €1,618 | -€81 | -4.8% |
| Gross operating margin | 9900 | €127,275 | €145,724 | +€18,449 | +14.5% |
| Operating profit (loss) | 9901 | €117,139 | €135,227 | +€18,089 | +15.4% |
| Financial income | 75/76B | €7,695 | €8,923 | +€1,229 | +16.0% |
| Recurring financial income | 75 | €7,695 | €8,923 | +€1,229 | +16.0% |
| Financial charges | 65/66B | €182 | €138 | -€44 | -24.0% |
| Recurring financial charges | 65 | €182 | €138 | -€44 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €124,652 | €144,013 | +€19,361 | +15.5% |
| Income taxes | 67/77 | €41,631 | €47,812 | +€6,181 | +14.8% |
| Profit (loss) for the period | 9904 | €83,021 | €96,201 | +€13,180 | +15.9% |
| Transfer from tax-exempt reserves | 789 | - | €293 | +€293 | |
| Profit (loss) for the period to be appropriated | 9905 | €83,021 | €96,494 | +€13,473 | +16.2% |
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 25 October 2026 via checked.be.