Dr. CarolineS: 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. CarolineS
Largest movements
- Intangible fixed assets -€49,714
down €49,714 (-25.0%), from €198,857 to €149,143
- Tangible fixed assets -€31,436
down €31,436 (-32.3%), from €97,446 to €66,010
of which Furniture and vehicles: -€29,324
- Cash -€11,746
down €11,746 (-49.3%), from €23,836 to €12,090
mainly Debts after one year (-€82,047) and Other debts (-€26,020)
- Deferred charges and accrued income +€4,255
up €4,255 (+47.3%), from €9,005 to €13,260
- Debts after one year -€82,047
down €82,047 (-38.5%), from €213,267 to €131,220
- Other debts -€26,020
down €26,020 (-42.7%), from €60,959 to €34,938
- Current portion of long-term debt +€22,700
up €22,700 (+59.2%), from €38,346 to €61,045
- Gross operating margin -€16,081
down €16,081 (-13.8%), from €116,919 to €100,838
- Taxes -€4,720
down €4,720 (-58.1%), from €8,123 to €3,403
- Financial charges -€1,638
down €1,638 (-16.1%), from €10,188 to €8,551
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 | €337,275 | €251,739 | -€85,536 | -25.4% |
| Fixed assets | 21/28 | €296,303 | €215,153 | -€81,150 | -27.4% |
| Intangible fixed assets | 21 | €198,857 | €149,143 | -€49,714 | -25.0% |
| Tangible fixed assets | 22/27 | €97,446 | €66,010 | -€31,436 | -32.3% |
| Land and buildings | 22 | €18,422 | €16,310 | -€2,112 | -11.5% |
| Furniture and vehicles | 24 | €79,024 | €49,700 | -€29,324 | -37.1% |
| Current assets | 29/58 | €40,972 | €36,586 | -€4,386 | -10.7% |
| Amounts receivable within one year | 40/41 | €8,131 | €11,236 | +€3,104 | +38.2% |
| Trade receivables | 40 | €2,233 | €6,736 | +€4,503 | +202% |
| Other amounts receivable | 41 | €5,898 | €4,500 | -€1,398 | -23.7% |
| Cash at bank and in hand | 54/58 | €23,836 | €12,090 | -€11,746 | -49.3% |
| Deferred charges and accrued income | 490/1 | €9,005 | €13,260 | +€4,255 | +47.3% |
| Total equity and liabilities | 10/49 | €337,275 | €251,739 | -€85,536 | -25.4% |
| Equity | 10/15 | €10,327 | €10,379 | +€52 | +0.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,300 | €7,300 | = | 0.0% |
| Distributable reserves | 133 | €7,300 | €7,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27 | €79 | +€52 | +194% |
| Amounts payable | 17/49 | €326,948 | €241,360 | -€85,589 | -26.2% |
| Amounts payable after more than one year | 17 | €213,267 | €131,220 | -€82,047 | -38.5% |
| Financial debts | 170/4 | €213,267 | €131,220 | -€82,047 | -38.5% |
| Amounts payable within one year | 42/48 | €113,681 | €110,140 | -€3,541 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €38,346 | €61,045 | +€22,700 | +59.2% |
| Financial debts | 43 | €6 | €110 | +€104 | +1,881% |
| Credit institutions | 430/8 | €6 | €110 | +€104 | +1,881% |
| Trade debts | 44 | €7,496 | €7,268 | -€229 | -3.0% |
| Suppliers | 440/4 | €7,496 | €7,268 | -€229 | -3.0% |
| Taxes, remuneration and social security | 45 | €6,875 | €6,778 | -€97 | -1.4% |
| Taxes | 450/3 | €6,875 | €6,778 | -€97 | -1.4% |
| Other amounts payable | 47/48 | €60,959 | €34,938 | -€26,020 | -42.7% |
| Remuneration, social security and pensions | 62 | €414 | €81 | -€333 | -80.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,616 | €83,043 | +€427 | +0.5% |
| Other operating charges | 640/8 | €5,824 | €5,708 | -€117 | -2.0% |
| Gross operating margin | 9900 | €116,919 | €100,838 | -€16,081 | -13.8% |
| Operating profit (loss) | 9901 | €28,065 | €12,006 | -€16,059 | -57.2% |
| Financial charges | 65/66B | €10,188 | €8,551 | -€1,638 | -16.1% |
| Recurring financial charges | 65 | €10,188 | €8,551 | -€1,638 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €17,876 | €3,455 | -€14,421 | -80.7% |
| Income taxes | 67/77 | €8,123 | €3,403 | -€4,720 | -58.1% |
| Profit (loss) for the period | 9904 | €9,753 | €52 | -€9,701 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,753 | €52 | -€9,701 | -99.5% |
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 22 October 2026 via checked.be.