Dr. Cakici: what changed
Dr. Cakici
Largest movements
- Receivables within one year +€42,859
up €42,859 (+29.7%), from €144,108 to €186,967
of which Other amounts receivable: +€37,207
- Cash +€39,409
up €39,409 (+345%), from €11,416 to €50,824
mainly Net result for the year (+€60,786) and Debts after one year (+€45,995)
- Tangible fixed assets -€6,265
down €6,265 (-14.2%), from €44,038 to €37,773
of which Land and buildings: -€4,789
- Reserves +€60,786
up €60,786 (+41.7%), from €145,660 to €206,446
- Debts after one year +€45,995
up €45,995 (+2,044%), from €2,250 to €48,245
- Trade debts -€25,610
down €25,610 (-100%), from €25,610 to €0
- Tax, wage and social debts -€7,755
down €7,755 (-52.6%), from €14,756 to €7,001
of which Taxes: -€9,189
- Current portion of long-term debt +€5,391
new in 2025: €5,391
- Gross operating margin +€66,578
up €66,578 (+151%), from €44,001 to €110,579
- Staff costs +€19,667
new in 2025: €19,667
- Depreciation +€11,719
up €11,719 (+427%), from €2,746 to €14,465
- Taxes +€5,902
up €5,902 (+51.1%), from €11,556 to €17,458
- Financial income +€3,503
up €3,503 (+63.6%), from €5,506 to €9,009
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 | €199,622 | €277,083 | +€77,461 | +38.8% |
| Fixed assets | 21/28 | €44,038 | €37,773 | -€6,265 | -14.2% |
| Tangible fixed assets | 22/27 | €44,038 | €37,773 | -€6,265 | -14.2% |
| Land and buildings | 22 | €23,429 | €18,640 | -€4,789 | -20.4% |
| Plant, machinery and equipment | 23 | €20,609 | €16,441 | -€4,168 | -20.2% |
| Furniture and vehicles | 24 | - | €2,692 | +€2,692 | |
| Current assets | 29/58 | €155,585 | €239,311 | +€83,726 | +53.8% |
| Amounts receivable within one year | 40/41 | €144,108 | €186,967 | +€42,859 | +29.7% |
| Trade receivables | 40 | €10,758 | €16,411 | +€5,652 | +52.5% |
| Other amounts receivable | 41 | €133,350 | €170,556 | +€37,207 | +27.9% |
| Cash at bank and in hand | 54/58 | €11,416 | €50,824 | +€39,409 | +345% |
| Deferred charges and accrued income | 490/1 | €61 | €1,519 | +€1,458 | +2,391% |
| Total equity and liabilities | 10/49 | €199,622 | €277,083 | +€77,461 | +38.8% |
| Equity | 10/15 | €155,660 | €216,446 | +€60,786 | +39.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €145,660 | €206,446 | +€60,786 | +41.7% |
| Distributable reserves | 133 | €145,660 | €206,446 | +€60,786 | +41.7% |
| Amounts payable | 17/49 | €43,962 | €60,637 | +€16,675 | +37.9% |
| Amounts payable after more than one year | 17 | €2,250 | €48,245 | +€45,995 | +2,044% |
| Financial debts | 170/4 | €2,250 | €48,245 | +€45,995 | +2,044% |
| Amounts payable within one year | 42/48 | €41,712 | €12,393 | -€29,320 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,391 | +€5,391 | |
| Financial debts | 43 | €1,346 | - | -€1,346 | |
| Credit institutions | 430/8 | €1,346 | - | -€1,346 | |
| Trade debts | 44 | €25,610 | €0 | -€25,610 | -100% |
| Suppliers | 440/4 | €25,610 | €0 | -€25,610 | -100% |
| Taxes, remuneration and social security | 45 | €14,756 | €7,001 | -€7,755 | -52.6% |
| Taxes | 450/3 | €14,756 | €5,567 | -€9,189 | -62.3% |
| Remuneration and social security | 454/9 | - | €1,435 | +€1,435 | |
| Non-recurring operating income | 76A | €166 | - | -€166 | |
| Remuneration, social security and pensions | 62 | - | €19,667 | +€19,667 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,746 | €14,465 | +€11,719 | +427% |
| Other operating charges | 640/8 | €899 | €3,169 | +€2,270 | +253% |
| Gross operating margin | 9900 | €44,001 | €110,579 | +€66,578 | +151% |
| Operating profit (loss) | 9901 | €40,356 | €73,278 | +€32,923 | +81.6% |
| Financial income | 75/76B | €5,506 | €9,009 | +€3,503 | +63.6% |
| Recurring financial income | 75 | €5,506 | €9,009 | +€3,503 | +63.6% |
| Financial charges | 65/66B | €3,022 | €4,044 | +€1,023 | +33.8% |
| Recurring financial charges | 65 | €3,022 | €4,044 | +€1,023 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €42,841 | €78,243 | +€35,403 | +82.6% |
| Income taxes | 67/77 | €11,556 | €17,458 | +€5,902 | +51.1% |
| Profit (loss) for the period | 9904 | €31,285 | €60,786 | +€29,501 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,285 | €60,786 | +€29,501 | +94.3% |
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 2 November 2026 via checked.be.