DR. CHEN: 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. CHEN
Largest movements
- Cash -€138,460
down €138,460 (-39.1%), from €353,845 to €215,386
mainly Contributions, distributions and other (-€302,000) and Tax, wage and social debts (-€6,590)
- Profit (loss) carried forward -€130,423
down €130,423 (-39.3%), from €332,192 to €201,769
- Tax, wage and social debts -€6,590
down €6,590 (-11.1%), from €59,558 to €52,967
- Gross operating margin -€34,340
down €34,340 (-13.6%), from €253,250 to €218,911
- Taxes -€6,590
down €6,590 (-11.1%), from €59,558 to €52,967
- Financial income +€4,548
up €4,548 (+382%), from €1,190 to €5,739
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 | €395,125 | €258,116 | -€137,008 | -34.7% |
| Current assets | 29/58 | €395,125 | €258,116 | -€137,008 | -34.7% |
| Amounts receivable within one year | 40/41 | €40,927 | €42,376 | +€1,449 | +3.5% |
| Other amounts receivable | 41 | €40,927 | €42,376 | +€1,449 | +3.5% |
| Cash at bank and in hand | 54/58 | €353,845 | €215,386 | -€138,460 | -39.1% |
| Deferred charges and accrued income | 490/1 | €352 | €355 | +€3 | +0.8% |
| Total equity and liabilities | 10/49 | €395,125 | €258,116 | -€137,008 | -34.7% |
| Equity | 10/15 | €333,192 | €202,769 | -€130,423 | -39.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €332,192 | €201,769 | -€130,423 | -39.3% |
| Amounts payable | 17/49 | €61,933 | €55,347 | -€6,586 | -10.6% |
| Amounts payable within one year | 42/48 | €61,933 | €55,347 | -€6,586 | -10.6% |
| Trade debts | 44 | €2,375 | €2,380 | +€5 | +0.2% |
| Suppliers | 440/4 | €2,375 | €2,380 | +€5 | +0.2% |
| Taxes, remuneration and social security | 45 | €59,558 | €52,967 | -€6,590 | -11.1% |
| Taxes | 450/3 | €59,558 | €52,967 | -€6,590 | -11.1% |
| Gross operating margin | 9900 | €253,250 | €218,911 | -€34,340 | -13.6% |
| Operating profit (loss) | 9901 | €253,250 | €218,911 | -€34,340 | -13.6% |
| Financial income | 75/76B | €1,190 | €5,739 | +€4,548 | +382% |
| Recurring financial income | 75 | €1,190 | €5,739 | +€4,548 | +382% |
| Financial charges | 65/66B | €415 | €104 | -€311 | -74.9% |
| Recurring financial charges | 65 | €415 | €104 | -€311 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €254,025 | €224,545 | -€29,480 | -11.6% |
| Income taxes | 67/77 | €59,558 | €52,967 | -€6,590 | -11.1% |
| Profit (loss) for the period | 9904 | €194,468 | €171,578 | -€22,890 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €194,468 | €171,578 | -€22,890 | -11.8% |
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.