DR.COREMANS EN DR. NOWÉ: 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.COREMANS EN DR. NOWÉ
Largest movements
- Current investments +€364,433
up €364,433 (+73.6%), from €495,168 to €859,601
- Cash -€181,688
down €181,688 (-41.7%), from €436,042 to €254,354
mainly Current investments (-€364,433) and Investment in fixed assets (net) (-€112,018)
- Tangible fixed assets +€99,386
up €99,386 (+28.5%), from €349,236 to €448,621
of which Furniture and vehicles: +€99,386
- Deferred charges and accrued income -€33,259
down €33,259 (-42.6%), from €78,002 to €44,744
- Reserves +€190,318
up €190,318 (+13.5%), from €1.4m to €1.6m
of which Distributable reserves: +€222,641
- Tax, wage and social debts +€69,774
up €69,774 (+208%), from €33,508 to €103,282
- Contributions -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year +€40,355
new in 2025: €40,355
- Gross operating margin +€49,535
up €49,535 (+16.1%), from €308,212 to €357,747
- Taxes +€19,588
up €19,588 (+20.1%), from €97,613 to €117,201
- Depreciation +€11,790
up €11,790 (+1,400%), from €842 to €12,632
- Financial income -€6,156
down €6,156 (-93.1%), from €6,612 to €456
- Staff costs +€5,582
up €5,582, from -€5,552 to €29
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 | €1,509,607 | €1,767,900 | +€258,293 | +17.1% |
| Fixed assets | 21/28 | €349,236 | €448,621 | +€99,386 | +28.5% |
| Tangible fixed assets | 22/27 | €349,236 | €448,621 | +€99,386 | +28.5% |
| Land and buildings | 22 | €291,536 | €291,536 | = | 0.0% |
| Furniture and vehicles | 24 | €16,700 | €116,086 | +€99,386 | +595% |
| Other tangible fixed assets | 26 | €41,000 | €41,000 | = | 0.0% |
| Current assets | 29/58 | €1,160,371 | €1,319,278 | +€158,908 | +13.7% |
| Amounts receivable within one year | 40/41 | €151,158 | €160,579 | +€9,421 | +6.2% |
| Trade receivables | 40 | €144,766 | €144,766 | = | 0.0% |
| Other amounts receivable | 41 | €6,393 | €15,814 | +€9,421 | +147% |
| Current investments | 50/53 | €495,168 | €859,601 | +€364,433 | +73.6% |
| Cash at bank and in hand | 54/58 | €436,042 | €254,354 | -€181,688 | -41.7% |
| Deferred charges and accrued income | 490/1 | €78,002 | €44,744 | -€33,259 | -42.6% |
| Total equity and liabilities | 10/49 | €1,509,607 | €1,767,900 | +€258,293 | +17.1% |
| Equity | 10/15 | €1,459,349 | €1,599,667 | +€140,318 | +9.6% |
| Contributions | 10/11 | €50,000 | - | -€50,000 | |
| Contributions outside capital | 11 | €50,000 | - | -€50,000 | |
| Other | 1109/19 | €50,000 | - | -€50,000 | |
| Reserves | 13 | €1,409,349 | €1,599,667 | +€190,318 | +13.5% |
| Non-distributable reserves | 130/1 | €23,772 | €10,199 | -€13,573 | -57.1% |
| Legal reserve | 130 | €23,772 | €10,199 | -€13,573 | -57.1% |
| Tax-exempt reserves | 132 | €18,750 | - | -€18,750 | |
| Distributable reserves | 133 | €1,366,827 | €1,589,469 | +€222,641 | +16.3% |
| Amounts payable | 17/49 | €50,257 | €168,233 | +€117,975 | +235% |
| Amounts payable after more than one year | 17 | - | €40,355 | +€40,355 | |
| Financial debts | 170/4 | - | €40,355 | +€40,355 | |
| Amounts payable within one year | 42/48 | €50,257 | €127,878 | +€77,620 | +154% |
| Current portion of amounts payable after more than one year | 42 | €11,873 | €24,595 | +€12,722 | +107% |
| Trade debts | 44 | €844 | - | -€844 | |
| Suppliers | 440/4 | €844 | - | -€844 | |
| Taxes, remuneration and social security | 45 | €33,508 | €103,282 | +€69,774 | +208% |
| Taxes | 450/3 | €33,508 | €103,282 | +€69,774 | +208% |
| Other amounts payable | 47/48 | €4,032 | - | -€4,032 | |
| Non-recurring operating income | 76A | €188,699 | €4,000 | -€184,699 | -97.9% |
| Remuneration, social security and pensions | 62 | -€5,552 | €29 | +€5,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €842 | €12,632 | +€11,790 | +1,400% |
| Other operating charges | 640/8 | €3,928 | €3,938 | +€9 | +0.2% |
| Gross operating margin | 9900 | €308,212 | €357,747 | +€49,535 | +16.1% |
| Operating profit (loss) | 9901 | €308,993 | €341,148 | +€32,154 | +10.4% |
| Financial income | 75/76B | €6,612 | €456 | -€6,156 | -93.1% |
| Recurring financial income | 75 | €6,612 | €456 | -€6,156 | -93.1% |
| Financial charges | 65/66B | €1,139 | €1,761 | +€622 | +54.6% |
| Recurring financial charges | 65 | €1,139 | €1,761 | +€622 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €314,466 | €339,843 | +€25,376 | +8.1% |
| Income taxes | 67/77 | €97,613 | €117,201 | +€19,588 | +20.1% |
| Profit (loss) for the period | 9904 | €216,853 | €222,641 | +€5,788 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €216,853 | €222,641 | +€5,788 | +2.7% |
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 27 October 2026 via checked.be.