DR CLARA DOUIN: what changed
DR CLARA DOUIN
Largest movements
- Cash +€159,577
up €159,577 (+1,254%), from €12,726 to €172,303
mainly Current investments (+€96,000) and Net result for the year (+€57,821)
- Current investments -€96,000
down €96,000 (-70.6%), from €136,000 to €40,000
- Receivables within one year -€27,164
down €27,164 (-42.9%), from €63,314 to €36,150
of which Other amounts receivable: -€27,456
- Tangible fixed assets +€2,746
up €2,746 (+56.5%), from €4,860 to €7,606
of which Furniture and vehicles: +€2,951
- Profit (loss) carried forward +€57,821
up €57,821 (+30.0%), from €192,807 to €250,627
- Other debts -€16,313
no longer reported in 2025 (was €16,313)
- Tax, wage and social debts -€3,400
no longer reported in 2025 (was €3,400)
- Depreciation -€3,959
down €3,959 (-51.0%), from €7,767 to €3,807
- Financial income +€3,743
new in 2025: €3,743
- Gross operating margin -€3,480
down €3,480 (-4.5%), from €77,612 to €74,132
- Taxes +€1,125
up €1,125 (+7.9%), from €14,153 to €15,277
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 | €217,733 | €257,001 | +€39,267 | +18.0% |
| Fixed assets | 21/28 | €4,860 | €7,606 | +€2,746 | +56.5% |
| Tangible fixed assets | 22/27 | €4,860 | €7,606 | +€2,746 | +56.5% |
| Furniture and vehicles | 24 | €4,373 | €7,323 | +€2,951 | +67.5% |
| Other tangible fixed assets | 26 | €487 | €282 | -€205 | -42.1% |
| Current assets | 29/58 | €212,874 | €249,395 | +€36,522 | +17.2% |
| Amounts receivable within one year | 40/41 | €63,314 | €36,150 | -€27,164 | -42.9% |
| Trade receivables | 40 | €621 | €913 | +€292 | +47.0% |
| Other amounts receivable | 41 | €62,692 | €35,237 | -€27,456 | -43.8% |
| Current investments | 50/53 | €136,000 | €40,000 | -€96,000 | -70.6% |
| Cash at bank and in hand | 54/58 | €12,726 | €172,303 | +€159,577 | +1,254% |
| Deferred charges and accrued income | 490/1 | €834 | €942 | +€109 | +13.0% |
| Total equity and liabilities | 10/49 | €217,733 | €257,001 | +€39,267 | +18.0% |
| Equity | 10/15 | €197,807 | €255,627 | +€57,821 | +29.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,807 | €250,627 | +€57,821 | +30.0% |
| Amounts payable | 17/49 | €19,927 | €1,374 | -€18,553 | -93.1% |
| Amounts payable within one year | 42/48 | €19,927 | €1,374 | -€18,553 | -93.1% |
| Trade debts | 44 | €214 | €1,374 | +€1,160 | +542% |
| Suppliers | 440/4 | €214 | €1,374 | +€1,160 | +542% |
| Taxes, remuneration and social security | 45 | €3,400 | - | -€3,400 | |
| Taxes | 450/3 | €3,400 | - | -€3,400 | |
| Other amounts payable | 47/48 | €16,313 | - | -€16,313 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,767 | €3,807 | -€3,959 | -51.0% |
| Other operating charges | 640/8 | €1,038 | €859 | -€179 | -17.3% |
| Non-recurring operating charges | 66A | €417 | - | -€417 | |
| Gross operating margin | 9900 | €77,612 | €74,132 | -€3,480 | -4.5% |
| Operating profit (loss) | 9901 | €68,390 | €69,466 | +€1,076 | +1.6% |
| Financial income | 75/76B | - | €3,743 | +€3,743 | |
| Recurring financial income | 75 | - | €3,743 | +€3,743 | |
| Financial charges | 65/66B | €317 | €112 | -€206 | -64.8% |
| Recurring financial charges | 65 | €317 | €112 | -€206 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €68,073 | €73,098 | +€5,025 | +7.4% |
| Income taxes | 67/77 | €14,153 | €15,277 | +€1,125 | +7.9% |
| Profit (loss) for the period | 9904 | €53,920 | €57,821 | +€3,900 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €53,920 | €57,821 | +€3,900 | +7.2% |
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 5 November 2026 via checked.be.