DOKTER WOUTERS: 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 WOUTERS
Largest movements
- Cash -€73,995
down €73,995 (-25.8%), from €286,800 to €212,805
mainly Contributions, distributions and other (-€114,679) and Investment in fixed assets (net) (-€56,191)
- Current investments +€51,914
up €51,914 (+14.0%), from €371,330 to €423,244
- Tangible fixed assets +€37,070
up €37,070 (+119%), from €31,129 to €68,199
of which Furniture and vehicles: +€44,072
- Reserves +€15,534
up €15,534 (+2.2%), from €693,290 to €708,824
- Gross operating margin +€19,351
up €19,351 (+9.8%), from €197,251 to €216,603
- Financial income -€19,241
down €19,241 (-44.9%), from €42,882 to €23,641
- Financial charges +€11,522
up €11,522 (+95.1%), from €12,121 to €23,643
- Depreciation +€11,460
up €11,460 (+150%), from €7,661 to €19,121
- Taxes -€5,568
down €5,568 (-7.7%), from €71,964 to €66,396
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 | €735,304 | €755,454 | +€20,151 | +2.7% |
| Fixed assets | 21/28 | €33,129 | €70,199 | +€37,070 | +112% |
| Tangible fixed assets | 22/27 | €31,129 | €68,199 | +€37,070 | +119% |
| Plant, machinery and equipment | 23 | €8,807 | €1,805 | -€7,003 | -79.5% |
| Furniture and vehicles | 24 | €22,322 | €66,394 | +€44,072 | +197% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €702,175 | €685,256 | -€16,919 | -2.4% |
| Amounts receivable within one year | 40/41 | €43,510 | €48,735 | +€5,224 | +12.0% |
| Other amounts receivable | 41 | €43,510 | €48,735 | +€5,224 | +12.0% |
| Current investments | 50/53 | €371,330 | €423,244 | +€51,914 | +14.0% |
| Cash at bank and in hand | 54/58 | €286,800 | €212,805 | -€73,995 | -25.8% |
| Deferred charges and accrued income | 490/1 | €534 | €472 | -€62 | -11.6% |
| Total equity and liabilities | 10/49 | €735,304 | €755,454 | +€20,151 | +2.7% |
| Equity | 10/15 | €711,890 | €727,424 | +€15,534 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €693,290 | €708,824 | +€15,534 | +2.2% |
| Distributable reserves | 133 | €693,290 | €708,824 | +€15,534 | +2.2% |
| Amounts payable | 17/49 | €23,414 | €28,031 | +€4,617 | +19.7% |
| Amounts payable within one year | 42/48 | €23,414 | €28,031 | +€4,617 | +19.7% |
| Trade debts | 44 | €1,276 | €4,719 | +€3,444 | +270% |
| Suppliers | 440/4 | €1,276 | €4,719 | +€3,444 | +270% |
| Taxes, remuneration and social security | 45 | €22,138 | €23,311 | +€1,173 | +5.3% |
| Taxes | 450/3 | €22,138 | €23,311 | +€1,173 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,661 | €19,121 | +€11,460 | +150% |
| Other operating charges | 640/8 | €801 | €871 | +€70 | +8.8% |
| Gross operating margin | 9900 | €197,251 | €216,603 | +€19,351 | +9.8% |
| Operating profit (loss) | 9901 | €188,790 | €196,611 | +€7,821 | +4.1% |
| Financial income | 75/76B | €42,882 | €23,641 | -€19,241 | -44.9% |
| Recurring financial income | 75 | €42,882 | €23,641 | -€19,241 | -44.9% |
| Financial charges | 65/66B | €12,121 | €23,643 | +€11,522 | +95.1% |
| Recurring financial charges | 65 | €12,121 | €23,643 | +€11,522 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €219,551 | €196,608 | -€22,943 | -10.4% |
| Income taxes | 67/77 | €71,964 | €66,396 | -€5,568 | -7.7% |
| Profit (loss) for the period | 9904 | €147,587 | €130,213 | -€17,375 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €147,587 | €130,213 | -€17,375 | -11.8% |
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 23 October 2026 via checked.be.