Dr. Beels Elodie: what changed
What changed
Dr. Beels Elodie
filed annual accounts (NBB)
Net result for the year
€247,413
2024 · €192,229+€55,185
Equity
€132,692
2024 · €424,279-€291,587
Cash
€92,543
2024 · €100,374-€7,832
Balance sheet total
€314,521
2024 · €549,236-€234,714
Largest movements
Assets
- Current investments -€267,000
down €267,000 (-97.5%), from €273,750 to €6,750
- Tangible fixed assets +€23,236
up €23,236 (+135%), from €17,209 to €40,445
of which Other tangible fixed assets: +€31,496
- Receivables within one year +€15,801
up €15,801 (+10.2%), from €154,823 to €170,625
- Cash -€7,832
down €7,832 (-7.8%), from €100,374 to €92,543
mainly Contributions, distributions and other (-€539,000) and Tax, wage and social debts (-€32,323)
Equity and liabilities
- Reserves -€291,500
down €291,500 (-69.6%), from €419,000 to €127,500
- Other debts +€100,652
up €100,652, from €0 to €100,652
- Tax, wage and social debts -€32,323
down €32,323 (-31.0%), from €104,316 to €71,993
- Debts after one year -€8,427
down €8,427 (-92.3%), from €9,134 to €706
Income statement
- Gross operating margin +€73,125
up €73,125 (+28.4%), from €257,861 to €330,986
- Taxes +€15,740
up €15,740 (+26.1%), from €60,396 to €76,136
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.
Result 2024
€192,229
Gross operating margin
+€73,125
Depreciation
-€54
Other operating charges
-€63
Other operating items
+€255
Financial income
-€2,415
Financial charges
+€76
Taxes
-€15,740
Result 2025
€247,413
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€304,058
Investment
+€235,450
Financing
-€547,339
Cash 2024
€100,374
From operations (derived)
+€304,058
Net result for the year
+€247,413
Depreciation
+€8,314
Receivables within one year
-€15,801
Smaller working-capital items
-€1,892
Trade debts
-€2,305
Tax, wage and social debts
-€32,323
Other debts
+€100,652
Investment (derived)
+€235,450
Investment in fixed assets (net)
-€31,550
Current investments
+€267,000
Financing
-€547,339
Debts after one year
-€8,427
Current portion of long-term debt
+€88
Contributions, distributions and other
-€539,000
Cash 2025
€92,543
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €549,236 | €314,521 | -€234,714 | -42.7% |
| Fixed assets | 21/28 | €17,209 | €40,445 | +€23,236 | +135% |
| Tangible fixed assets | 22/27 | €17,209 | €40,445 | +€23,236 | +135% |
| Leasing and similar rights | 25 | €17,209 | €8,948 | -€8,260 | -48.0% |
| Other tangible fixed assets | 26 | - | €31,496 | +€31,496 | |
| Current assets | 29/58 | €532,027 | €274,077 | -€257,950 | -48.5% |
| Amounts receivable within one year | 40/41 | €154,823 | €170,625 | +€15,801 | +10.2% |
| Other amounts receivable | 41 | €154,823 | €170,625 | +€15,801 | +10.2% |
| Current investments | 50/53 | €273,750 | €6,750 | -€267,000 | -97.5% |
| Cash at bank and in hand | 54/58 | €100,374 | €92,543 | -€7,832 | -7.8% |
| Deferred charges and accrued income | 490/1 | €3,079 | €4,159 | +€1,080 | +35.1% |
| Total equity and liabilities | 10/49 | €549,236 | €314,521 | -€234,714 | -42.7% |
| Equity | 10/15 | €424,279 | €132,692 | -€291,587 | -68.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €419,000 | €127,500 | -€291,500 | -69.6% |
| Distributable reserves | 133 | €419,000 | €127,500 | -€291,500 | -69.6% |
| Profit (loss) carried forward | 14 | €279 | €192 | -€87 | -31.1% |
| Amounts payable | 17/49 | €124,957 | €181,829 | +€56,873 | +45.5% |
| Amounts payable after more than one year | 17 | €9,134 | €706 | -€8,427 | -92.3% |
| Financial debts | 170/4 | €9,134 | €706 | -€8,427 | -92.3% |
| Amounts payable within one year | 42/48 | €115,011 | €181,123 | +€66,112 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €8,339 | €8,427 | +€88 | +1.1% |
| Trade debts | 44 | €2,356 | €50 | -€2,305 | -97.9% |
| Suppliers | 440/4 | €2,356 | €50 | -€2,305 | -97.9% |
| Taxes, remuneration and social security | 45 | €104,316 | €71,993 | -€32,323 | -31.0% |
| Taxes | 450/3 | €104,316 | €71,993 | -€32,323 | -31.0% |
| Other amounts payable | 47/48 | €0 | €100,652 | +€100,652 | |
| Accrued charges and deferred income | 492/3 | €812 | €0 | -€812 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,260 | €8,314 | +€54 | +0.6% |
| Other operating charges | 640/8 | €2,165 | €2,228 | +€63 | +2.9% |
| Non-recurring operating charges | 66A | €255 | €0 | -€255 | -100% |
| Gross operating margin | 9900 | €257,861 | €330,986 | +€73,125 | +28.4% |
| Operating profit (loss) | 9901 | €247,181 | €320,444 | +€73,263 | +29.6% |
| Financial income | 75/76B | €5,847 | €3,432 | -€2,415 | -41.3% |
| Recurring financial income | 75 | €5,847 | €3,432 | -€2,415 | -41.3% |
| Financial charges | 65/66B | €403 | €327 | -€76 | -19.0% |
| Recurring financial charges | 65 | €403 | €327 | -€76 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €252,625 | €323,549 | +€70,925 | +28.1% |
| Income taxes | 67/77 | €60,396 | €76,136 | +€15,740 | +26.1% |
| Profit (loss) for the period | 9904 | €192,229 | €247,413 | +€55,185 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €192,229 | €247,413 | +€55,185 | +28.7% |
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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 5 November 2026 via checked.be.