DOKTEUR PICASSO: 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.
DOKTEUR PICASSO
Largest movements
- Receivables within one year +€24,837
up €24,837 (+131%), from €18,897 to €43,733
of which Other amounts receivable: +€16,967
- Intangible fixed assets -€11,000
down €11,000 (-10.6%), from €103,583 to €92,583
- Cash -€5,968
down €5,968 (-34.8%), from €17,151 to €11,183
mainly Receivables within one year (-€24,837) and Debts after one year (-€14,437)
- Tangible fixed assets -€4,460
down €4,460 (-10.6%), from €41,975 to €37,515
of which Plant, machinery and equipment: -€4,000
- Profit (loss) carried forward +€16,007
up €16,007, from -€6,414 to €9,593
- Debts after one year -€14,437
down €14,437 (-15.7%), from €91,800 to €77,363
- Tax, wage and social debts +€6,827
up €6,827 (+30.5%), from €22,403 to €29,231
of which Taxes: +€4,197
- Trade debts -€5,307
down €5,307 (-10.9%), from €48,580 to €43,273
- Gross operating margin +€58,623
up €58,623 (+124%), from €47,428 to €106,051
- Staff costs +€22,611
up €22,611 (+52.3%), from €43,258 to €65,869
- Depreciation +€7,682
up €7,682 (+98.8%), from €7,778 to €15,460
- Financial charges +€3,400
up €3,400 (+136%), from €2,507 to €5,906
- Taxes +€2,602
new in 2025: €2,602
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 | €181,606 | €186,619 | +€5,013 | +2.8% |
| Fixed assets | 21/28 | €145,558 | €130,098 | -€15,460 | -10.6% |
| Intangible fixed assets | 21 | €103,583 | €92,583 | -€11,000 | -10.6% |
| Tangible fixed assets | 22/27 | €41,975 | €37,515 | -€4,460 | -10.6% |
| Plant, machinery and equipment | 23 | €39,902 | €35,902 | -€4,000 | -10.0% |
| Other tangible fixed assets | 26 | €2,073 | €1,613 | -€460 | -22.2% |
| Current assets | 29/58 | €36,048 | €56,520 | +€20,473 | +56.8% |
| Stocks and contracts in progress | 3 | - | €1,502 | +€1,502 | |
| Stocks | 30/36 | - | €1,502 | +€1,502 | |
| Amounts receivable within one year | 40/41 | €18,897 | €43,733 | +€24,837 | +131% |
| Trade receivables | 40 | €2,287 | €10,157 | +€7,869 | +344% |
| Other amounts receivable | 41 | €16,609 | €33,577 | +€16,967 | +102% |
| Cash at bank and in hand | 54/58 | €17,151 | €11,183 | -€5,968 | -34.8% |
| Deferred charges and accrued income | 490/1 | - | €102 | +€102 | |
| Total equity and liabilities | 10/49 | €181,606 | €186,619 | +€5,013 | +2.8% |
| Equity | 10/15 | -€1,414 | €14,593 | +€16,007 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,414 | €9,593 | +€16,007 | |
| Amounts payable | 17/49 | €183,020 | €172,025 | -€10,994 | -6.0% |
| Amounts payable after more than one year | 17 | €91,800 | €77,363 | -€14,437 | -15.7% |
| Financial debts | 170/4 | €91,800 | €77,363 | -€14,437 | -15.7% |
| Amounts payable within one year | 42/48 | €89,009 | €93,019 | +€4,011 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €13,759 | €14,437 | +€678 | +4.9% |
| Trade debts | 44 | €48,580 | €43,273 | -€5,307 | -10.9% |
| Suppliers | 440/4 | €48,580 | €43,273 | -€5,307 | -10.9% |
| Taxes, remuneration and social security | 45 | €22,403 | €29,231 | +€6,827 | +30.5% |
| Taxes | 450/3 | €12,741 | €16,937 | +€4,197 | +32.9% |
| Remuneration and social security | 454/9 | €9,662 | €12,293 | +€2,631 | +27.2% |
| Other amounts payable | 47/48 | €4,267 | €6,079 | +€1,812 | +42.5% |
| Accrued charges and deferred income | 492/3 | €2,211 | €1,643 | -€568 | -25.7% |
| Remuneration, social security and pensions | 62 | €43,258 | €65,869 | +€22,611 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,778 | €15,460 | +€7,682 | +98.8% |
| Other operating charges | 640/8 | €300 | €290 | -€10 | -3.3% |
| Gross operating margin | 9900 | €47,428 | €106,051 | +€58,623 | +124% |
| Operating profit (loss) | 9901 | -€3,908 | €24,432 | +€28,339 | |
| Financial income | 75/76B | €0 | €84 | +€83 | +20,815% |
| Recurring financial income | 75 | €0 | €84 | +€83 | +20,815% |
| Financial charges | 65/66B | €2,507 | €5,906 | +€3,400 | +136% |
| Recurring financial charges | 65 | €2,507 | €5,906 | +€3,400 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€6,414 | €18,609 | +€25,023 | |
| Income taxes | 67/77 | - | €2,602 | +€2,602 | |
| Profit (loss) for the period | 9904 | -€6,414 | €16,007 | +€22,421 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,414 | €16,007 | +€22,421 |
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 17 October 2026 via checked.be.