DR. BEN DOISE: 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.
DR. BEN DOISE
Largest movements
- Cash +€55,049
up €55,049 (+15.2%), from €362,554 to €417,602
mainly Net result for the year (+€79,434) and Receivables within one year (+€37,739)
- Current investments +€44,772
new in 2025: €44,772
- Receivables within one year -€37,739
down €37,739 (-49.4%), from €76,418 to €38,679
- Tangible fixed assets -€18,018
down €18,018 (-23.7%), from €76,102 to €58,085
of which Land and buildings: -€10,113
- Accrued charges and deferred income +€36,972
up €36,972 (+70,357%), from €53 to €37,025
- Reserves +€6,786
up €6,786 (+1.4%), from €483,743 to €490,529
- Debts after one year -€6,250
down €6,250 (-16.9%), from €36,980 to €30,730
- Gross operating margin +€2,951
up €2,951 (+2.3%), from €128,700 to €131,652
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 | €576,855 | €615,119 | +€38,264 | +6.6% |
| Fixed assets | 21/28 | €126,102 | €108,085 | -€18,018 | -14.3% |
| Tangible fixed assets | 22/27 | €76,102 | €58,085 | -€18,018 | -23.7% |
| Land and buildings | 22 | €63,369 | €53,257 | -€10,113 | -16.0% |
| Furniture and vehicles | 24 | €12,733 | €4,828 | -€7,905 | -62.1% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €450,753 | €507,035 | +€56,282 | +12.5% |
| Amounts receivable within one year | 40/41 | €76,418 | €38,679 | -€37,739 | -49.4% |
| Other amounts receivable | 41 | €76,418 | €38,679 | -€37,739 | -49.4% |
| Current investments | 50/53 | - | €44,772 | +€44,772 | |
| Cash at bank and in hand | 54/58 | €362,554 | €417,602 | +€55,049 | +15.2% |
| Deferred charges and accrued income | 490/1 | €11,781 | €5,982 | -€5,799 | -49.2% |
| Total equity and liabilities | 10/49 | €576,855 | €615,119 | +€38,264 | +6.6% |
| Equity | 10/15 | €511,665 | €518,450 | +€6,786 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €483,743 | €490,529 | +€6,786 | +1.4% |
| Distributable reserves | 133 | €483,743 | €490,529 | +€6,786 | +1.4% |
| Profit (loss) carried forward | 14 | €9,321 | €9,321 | = | 0.0% |
| Amounts payable | 17/49 | €65,190 | €96,669 | +€31,479 | +48.3% |
| Amounts payable after more than one year | 17 | €36,980 | €30,730 | -€6,250 | -16.9% |
| Financial debts | 170/4 | €36,980 | €30,730 | -€6,250 | -16.9% |
| Amounts payable within one year | 42/48 | €28,158 | €28,914 | +€756 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €6,250 | €6,250 | = | 0.0% |
| Trade debts | 44 | €1,562 | €4,500 | +€2,938 | +188% |
| Suppliers | 440/4 | €1,562 | €4,500 | +€2,938 | +188% |
| Taxes, remuneration and social security | 45 | €18,680 | €15,311 | -€3,368 | -18.0% |
| Taxes | 450/3 | €18,680 | €15,311 | -€3,368 | -18.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,666 | €2,853 | +€1,187 | +71.2% |
| Accrued charges and deferred income | 492/3 | €53 | €37,025 | +€36,972 | +70,357% |
| Remuneration, social security and pensions | 62 | -€271 | €0 | +€271 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,187 | €18,018 | -€169 | -0.9% |
| Other operating charges | 640/8 | €517 | €1,448 | +€931 | +180% |
| Gross operating margin | 9900 | €128,700 | €131,652 | +€2,951 | +2.3% |
| Operating profit (loss) | 9901 | €110,268 | €112,186 | +€1,918 | +1.7% |
| Financial income | 75/76B | €0 | €998 | +€998 | +203,610% |
| Recurring financial income | 75 | €0 | €998 | +€998 | +203,610% |
| Financial charges | 65/66B | €2,274 | €2,762 | +€488 | +21.4% |
| Recurring financial charges | 65 | €2,274 | €2,762 | +€488 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €107,994 | €110,423 | +€2,429 | +2.2% |
| Income taxes | 67/77 | €29,849 | €30,989 | +€1,140 | +3.8% |
| Profit (loss) for the period | 9904 | €78,145 | €79,434 | +€1,288 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,145 | €79,434 | +€1,288 | +1.6% |
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 20 October 2026 via checked.be.