DOKTOR DIRK SCHMITZ: 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.
DOKTOR DIRK SCHMITZ
Largest movements
- Receivables within one year -€157,292
down €157,292 (-36.6%), from €429,267 to €271,976
- Tangible fixed assets +€38,768
up €38,768 (+23.7%), from €163,295 to €202,063
of which Furniture and vehicles: +€64,395
- Cash +€35,080
up €35,080 (+105%), from €33,356 to €68,436
mainly Receivables within one year (+€157,292) and Net result for the year (+€53,145)
- Financial fixed assets -€7,500
no longer reported in 2025 (was €7,500)
- Reserves -€66,859
down €66,859 (-24.4%), from €273,570 to €206,711
- Debts after one year -€24,078
down €24,078 (-9.1%), from €264,837 to €240,758
- Tax, wage and social debts -€7,869
down €7,869 (-31.2%), from €25,186 to €17,317
- Trade debts +€7,517
up €7,517 (+80.0%), from €9,395 to €16,911
- Depreciation +€13,093
up €13,093 (+39.7%), from €33,020 to €46,112
- Gross operating margin +€8,738
up €8,738 (+7.0%), from €124,793 to €133,531
- Financial income -€2,109
down €2,109 (-35.0%), from €6,018 to €3,909
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 | €633,419 | €542,475 | -€90,943 | -14.4% |
| Fixed assets | 21/28 | €170,795 | €202,063 | +€31,268 | +18.3% |
| Tangible fixed assets | 22/27 | €163,295 | €202,063 | +€38,768 | +23.7% |
| Land and buildings | 22 | €163,295 | €132,924 | -€30,371 | -18.6% |
| Plant, machinery and equipment | 23 | - | €4,744 | +€4,744 | |
| Furniture and vehicles | 24 | - | €64,395 | +€64,395 | |
| Financial fixed assets | 28 | €7,500 | - | -€7,500 | |
| Current assets | 29/58 | €462,624 | €340,412 | -€122,212 | -26.4% |
| Amounts receivable within one year | 40/41 | €429,267 | €271,976 | -€157,292 | -36.6% |
| Other amounts receivable | 41 | €429,267 | €271,976 | -€157,292 | -36.6% |
| Cash at bank and in hand | 54/58 | €33,356 | €68,436 | +€35,080 | +105% |
| Total equity and liabilities | 10/49 | €633,419 | €542,475 | -€90,943 | -14.4% |
| Equity | 10/15 | €310,270 | €243,411 | -€66,859 | -21.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €273,570 | €206,711 | -€66,859 | -24.4% |
| Distributable reserves | 133 | €273,570 | €206,711 | -€66,859 | -24.4% |
| Profit (loss) carried forward | 14 | €24,300 | €24,300 | = | 0.0% |
| Amounts payable | 17/49 | €323,148 | €299,064 | -€24,084 | -7.5% |
| Amounts payable after more than one year | 17 | €264,837 | €240,758 | -€24,078 | -9.1% |
| Financial debts | 170/4 | €264,837 | €240,758 | -€24,078 | -9.1% |
| Amounts payable within one year | 42/48 | €58,312 | €58,306 | -€6 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €23,731 | €24,078 | +€347 | +1.5% |
| Trade debts | 44 | €9,395 | €16,911 | +€7,517 | +80.0% |
| Suppliers | 440/4 | €9,395 | €16,911 | +€7,517 | +80.0% |
| Taxes, remuneration and social security | 45 | €25,186 | €17,317 | -€7,869 | -31.2% |
| Taxes | 450/3 | €25,186 | €17,317 | -€7,869 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,020 | €46,112 | +€13,093 | +39.7% |
| Other operating charges | 640/8 | €1,588 | €2,764 | +€1,176 | +74.1% |
| Gross operating margin | 9900 | €124,793 | €133,531 | +€8,738 | +7.0% |
| Operating profit (loss) | 9901 | €90,186 | €84,655 | -€5,531 | -6.1% |
| Financial income | 75/76B | €6,018 | €3,909 | -€2,109 | -35.0% |
| Recurring financial income | 75 | €6,018 | €3,909 | -€2,109 | -35.0% |
| Financial charges | 65/66B | €7,104 | €6,703 | -€401 | -5.6% |
| Recurring financial charges | 65 | €7,104 | €6,703 | -€401 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €89,100 | €81,860 | -€7,240 | -8.1% |
| Income taxes | 67/77 | €29,830 | €28,715 | -€1,116 | -3.7% |
| Profit (loss) for the period | 9904 | €59,270 | €53,145 | -€6,124 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,270 | €53,145 | -€6,124 | -10.3% |
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 28 October 2026 via checked.be.