DOKTER VANDAELE MARK: 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 VANDAELE MARK
Largest movements
- Tangible fixed assets -€165,134
down €165,134 (-18.4%), from €895,783 to €730,649
of which Land and buildings: -€187,439
- Current investments +€127,568
up €127,568 (+22.9%), from €555,956 to €683,524
- Reserves +€98,325
up €98,325 (+15.0%), from €653,822 to €752,147
of which Distributable reserves: +€98,325
- Debts after one year -€81,866
down €81,866 (-45.0%), from €181,920 to €100,054
- Other debts -€37,831
down €37,831 (-11.8%), from €319,503 to €281,672
- Current portion of long-term debt -€23,288
down €23,288 (-30.9%), from €75,337 to €52,049
- Gross operating margin +€34,585
up €34,585 (+22.8%), from €151,850 to €186,434
- Taxes +€17,679
up €17,679 (+66.3%), from €26,649 to €44,328
- Financial charges -€10,753
down €10,753 (-24.4%), from €44,017 to €33,264
of which Non-recurring financial charges: -€24,588
- Depreciation -€5,981
down €5,981 (-21.1%), from €28,279 to €22,298
- Financial income +€3,095
up €3,095 (+21.5%), from €14,390 to €17,486
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 | €1,536,611 | €1,490,482 | -€46,129 | -3.0% |
| Fixed assets | 21/28 | €895,857 | €730,724 | -€165,134 | -18.4% |
| Tangible fixed assets | 22/27 | €895,783 | €730,649 | -€165,134 | -18.4% |
| Land and buildings | 22 | €895,783 | €708,344 | -€187,439 | -20.9% |
| Furniture and vehicles | 24 | - | €22,305 | +€22,305 | |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €640,753 | €759,758 | +€119,005 | +18.6% |
| Amounts receivable within one year | 40/41 | €33,641 | €25,031 | -€8,609 | -25.6% |
| Other amounts receivable | 41 | €33,641 | €25,031 | -€8,609 | -25.6% |
| Current investments | 50/53 | €555,956 | €683,524 | +€127,568 | +22.9% |
| Cash at bank and in hand | 54/58 | €48,622 | €42,509 | -€6,113 | -12.6% |
| Deferred charges and accrued income | 490/1 | €2,534 | €8,693 | +€6,159 | +243% |
| Total equity and liabilities | 10/49 | €1,536,611 | €1,490,482 | -€46,129 | -3.0% |
| Equity | 10/15 | €922,962 | €1,021,287 | +€98,325 | +10.7% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €653,822 | €752,147 | +€98,325 | +15.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €635,072 | €733,397 | +€98,325 | +15.5% |
| Profit (loss) carried forward | 14 | €157,140 | €157,140 | = | 0.0% |
| Amounts payable | 17/49 | €613,649 | €469,195 | -€144,454 | -23.5% |
| Amounts payable after more than one year | 17 | €181,920 | €100,054 | -€81,866 | -45.0% |
| Financial debts | 170/4 | €181,920 | €100,054 | -€81,866 | -45.0% |
| Amounts payable within one year | 42/48 | €405,226 | €347,657 | -€57,570 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €75,337 | €52,049 | -€23,288 | -30.9% |
| Trade debts | 44 | €3,549 | €5,936 | +€2,386 | +67.2% |
| Suppliers | 440/4 | €3,549 | €5,936 | +€2,386 | +67.2% |
| Taxes, remuneration and social security | 45 | €6,837 | €8,000 | +€1,163 | +17.0% |
| Taxes | 450/3 | €3,337 | €3,500 | +€163 | +4.9% |
| Remuneration and social security | 454/9 | €3,500 | €4,500 | +€1,000 | +28.6% |
| Other amounts payable | 47/48 | €319,503 | €281,672 | -€37,831 | -11.8% |
| Accrued charges and deferred income | 492/3 | €26,502 | €21,484 | -€5,018 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,279 | €22,298 | -€5,981 | -21.1% |
| Other operating charges | 640/8 | €6,384 | €5,705 | -€679 | -10.6% |
| Gross operating margin | 9900 | €151,850 | €186,434 | +€34,585 | +22.8% |
| Operating profit (loss) | 9901 | €117,186 | €158,431 | +€41,245 | +35.2% |
| Financial income | 75/76B | €14,390 | €17,486 | +€3,095 | +21.5% |
| Recurring financial income | 75 | €14,390 | €17,486 | +€3,095 | +21.5% |
| Financial charges | 65/66B | €44,017 | €33,264 | -€10,753 | -24.4% |
| Recurring financial charges | 65 | €19,429 | €33,264 | +€13,835 | +71.2% |
| Non-recurring financial charges | 66B | €24,588 | €0 | -€24,588 | -100% |
| Profit (loss) for the period before taxes | 9903 | €87,560 | €142,653 | +€55,093 | +62.9% |
| Income taxes | 67/77 | €26,649 | €44,328 | +€17,679 | +66.3% |
| Profit (loss) for the period | 9904 | €60,910 | €98,325 | +€37,415 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,910 | €98,325 | +€37,415 | +61.4% |
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 24 October 2026 via checked.be.