Dr. Bleus - Dr. Cambier: what changed
Dr. Bleus - Dr. Cambier
Largest movements
- Receivables within one year +€551,181
up €551,181 (+131%), from €421,628 to €972,809
of which Other amounts receivable: +€553,408
- Receivables after one year -€300,000
down €300,000 (-60.0%), from €500,000 to €200,000
- Cash +€59,654
up €59,654 (+59.0%), from €101,047 to €160,701
mainly Other debts (+€519,579) and Receivables after one year (+€300,000)
- Tangible fixed assets +€23,728
up €23,728 (+32.5%), from €72,955 to €96,684
of which Furniture and vehicles: +€27,504
- Current investments +€16,082
up €16,082 (+86.0%), from €18,692 to €34,774
- Other debts +€519,579
new in 2025: €519,579
- Reserves -€267,273
down €267,273 (-26.3%), from €1.0m to €747,639
- Tax, wage and social debts +€93,421
up €93,421 (+112%), from €83,546 to €176,968
- Provisions +€106,790
no longer reported in 2025 (was -€106,790)
- Financial charges -€46,444
down €46,444 (-34.4%), from €135,073 to €88,630
- Taxes +€17,866
up €17,866 (+15.4%), from €116,105 to €133,971
- Gross operating margin +€15,426
up €15,426 (+3.2%), from €476,547 to €491,973
- Depreciation -€13,429
down €13,429 (-57.7%), from €23,261 to €9,833
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,461 | €1,495,977 | +€356,516 | +31.3% |
| Fixed assets | 21/28 | €72,955 | €96,684 | +€23,728 | +32.5% |
| Tangible fixed assets | 22/27 | €72,955 | €96,684 | +€23,728 | +32.5% |
| Land and buildings | 22 | €30,051 | €29,164 | -€886 | -2.9% |
| Furniture and vehicles | 24 | €27,966 | €55,470 | +€27,504 | +98.3% |
| Other tangible fixed assets | 26 | €14,939 | €12,050 | -€2,889 | -19.3% |
| Current assets | 29/58 | €1,066,506 | €1,399,293 | +€332,787 | +31.2% |
| Amounts receivable after more than one year | 29 | €500,000 | €200,000 | -€300,000 | -60.0% |
| Other amounts receivable | 291 | €500,000 | €200,000 | -€300,000 | -60.0% |
| Amounts receivable within one year | 40/41 | €421,628 | €972,809 | +€551,181 | +131% |
| Trade receivables | 40 | €279,922 | €277,695 | -€2,228 | -0.8% |
| Other amounts receivable | 41 | €141,706 | €695,114 | +€553,408 | +391% |
| Current investments | 50/53 | €18,692 | €34,774 | +€16,082 | +86.0% |
| Cash at bank and in hand | 54/58 | €101,047 | €160,701 | +€59,654 | +59.0% |
| Deferred charges and accrued income | 490/1 | €25,139 | €31,010 | +€5,871 | +23.4% |
| Total equity and liabilities | 10/49 | €1,139,461 | €1,495,977 | +€356,516 | +31.3% |
| Equity | 10/15 | €1,027,312 | €760,039 | -€267,273 | -26.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,014,912 | €747,639 | -€267,273 | -26.3% |
| Distributable reserves | 133 | €1,014,912 | €747,639 | -€267,273 | -26.3% |
| Amounts payable | 17/49 | €112,149 | €735,938 | +€623,789 | +556% |
| Amounts payable within one year | 42/48 | €110,298 | €735,118 | +€624,819 | +566% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €6,752 | €18,571 | +€11,819 | +175% |
| Suppliers | 440/4 | €6,752 | €18,571 | +€11,819 | +175% |
| Taxes, remuneration and social security | 45 | €83,546 | €176,968 | +€93,421 | +112% |
| Taxes | 450/3 | €83,546 | €176,968 | +€93,421 | +112% |
| Other amounts payable | 47/48 | - | €519,579 | +€519,579 | |
| Accrued charges and deferred income | 492/3 | €1,851 | €820 | -€1,030 | -55.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,261 | €9,833 | -€13,429 | -57.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€106,790 | - | +€106,790 | |
| Other operating charges | 640/8 | €2,674 | €2,275 | -€399 | -14.9% |
| Gross operating margin | 9900 | €476,547 | €491,973 | +€15,426 | +3.2% |
| Operating profit (loss) | 9901 | €557,402 | €479,865 | -€77,537 | -13.9% |
| Financial income | 75/76B | €15,197 | €26,714 | +€11,516 | +75.8% |
| Recurring financial income | 75 | €15,197 | €26,714 | +€11,516 | +75.8% |
| Financial charges | 65/66B | €135,073 | €88,630 | -€46,444 | -34.4% |
| Recurring financial charges | 65 | €135,073 | €88,630 | -€46,444 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €437,526 | €417,949 | -€19,577 | -4.5% |
| Income taxes | 67/77 | €116,105 | €133,971 | +€17,866 | +15.4% |
| Profit (loss) for the period | 9904 | €321,421 | €283,978 | -€37,443 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €321,421 | €283,978 | -€37,443 | -11.6% |
Next steps
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 3 November 2026 via checked.be.