DOKTER VANDENHOVE: what changed
DOKTER VANDENHOVE
Largest movements
- Cash +€53,066
up €53,066 (+135%), from €39,433 to €92,500
mainly Net result for the year (+€108,467) and Depreciation (+€50,920)
- Tangible fixed assets -€40,779
down €40,779 (-23.0%), from €177,159 to €136,380
of which Land and buildings: -€24,300
- Reserves +€30,017
up €30,017 (+8.1%), from €372,048 to €402,066
- Debts after one year -€15,000
down €15,000 (-68.6%), from €21,875 to €6,875
- Tax, wage and social debts -€11,408
down €11,408 (-34.6%), from €32,959 to €21,551
of which Taxes: -€11,408
- Current portion of long-term debt +€7,438
up €7,438 (+49.6%), from €15,000 to €22,438
- Other debts +€7,427
up €7,427 (+8.1%), from €91,482 to €98,909
- Gross operating margin +€33,942
up €33,942 (+19.1%), from €178,044 to €211,986
- Taxes +€10,945
up €10,945 (+31.7%), from €34,498 to €45,443
- Other operating charges -€2,874
down €2,874 (-40.7%), from €7,054 to €4,180
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €556,168 | €574,918 | +€18,750 | +3.4% |
| Fixed assets | 21/28 | €177,159 | €136,380 | -€40,779 | -23.0% |
| Tangible fixed assets | 22/27 | €177,159 | €136,380 | -€40,779 | -23.0% |
| Land and buildings | 22 | €97,200 | €72,900 | -€24,300 | -25.0% |
| Plant, machinery and equipment | 23 | €9,325 | €6,464 | -€2,861 | -30.7% |
| Furniture and vehicles | 24 | €70,634 | €57,016 | -€13,619 | -19.3% |
| Current assets | 29/58 | €379,009 | €438,538 | +€59,529 | +15.7% |
| Current investments | 50/53 | €254,899 | €257,960 | +€3,062 | +1.2% |
| Cash at bank and in hand | 54/58 | €39,433 | €92,500 | +€53,066 | +135% |
| Deferred charges and accrued income | 490/1 | €84,677 | €88,078 | +€3,401 | +4.0% |
| Total equity and liabilities | 10/49 | €556,168 | €574,918 | +€18,750 | +3.4% |
| Equity | 10/15 | €390,648 | €420,666 | +€30,017 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €372,048 | €402,066 | +€30,017 | +8.1% |
| Distributable reserves | 133 | €372,048 | €402,066 | +€30,017 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €165,520 | €154,252 | -€11,268 | -6.8% |
| Amounts payable after more than one year | 17 | €21,875 | €6,875 | -€15,000 | -68.6% |
| Financial debts | 170/4 | €21,875 | €6,875 | -€15,000 | -68.6% |
| Amounts payable within one year | 42/48 | €143,645 | €147,377 | +€3,732 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €22,438 | +€7,438 | +49.6% |
| Trade debts | 44 | €4,203 | €4,479 | +€275 | +6.5% |
| Suppliers | 440/4 | €4,203 | €4,479 | +€275 | +6.5% |
| Taxes, remuneration and social security | 45 | €32,959 | €21,551 | -€11,408 | -34.6% |
| Taxes | 450/3 | €27,959 | €16,551 | -€11,408 | -40.8% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €91,482 | €98,909 | +€7,427 | +8.1% |
| Remuneration, social security and pensions | 62 | €4,714 | €4,726 | +€12 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,809 | €50,920 | +€2,111 | +4.3% |
| Other operating charges | 640/8 | €7,054 | €4,180 | -€2,874 | -40.7% |
| Gross operating margin | 9900 | €178,044 | €211,986 | +€33,942 | +19.1% |
| Operating profit (loss) | 9901 | €117,467 | €152,160 | +€34,693 | +29.5% |
| Financial income | 75/76B | €2,148 | €3,025 | +€877 | +40.8% |
| Recurring financial income | 75 | €2,148 | €3,025 | +€877 | +40.8% |
| Financial charges | 65/66B | €2,488 | €1,275 | -€1,213 | -48.7% |
| Recurring financial charges | 65 | €2,488 | €1,275 | -€1,213 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | €117,127 | €153,910 | +€36,783 | +31.4% |
| Income taxes | 67/77 | €34,498 | €45,443 | +€10,945 | +31.7% |
| Profit (loss) for the period | 9904 | €82,629 | €108,467 | +€25,838 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €82,629 | €108,467 | +€25,838 | +31.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.