Dr. de Baar M.: 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. de Baar M.
Largest movements
- Cash +€117,487
up €117,487 (+69,841%), from €168 to €117,655
mainly Net result for the year (+€97,700) and Tax, wage and social debts (+€21,922)
- Receivables within one year -€16,543
down €16,543 (-99.3%), from €16,667 to €124
of which Trade receivables: -€16,667
- Current investments +€10,000
new in 2025: €10,000
- Tangible fixed assets +€5,619
new in 2025: €5,619
- Reserves +€97,700
up €97,700 (+1,758%), from €5,556 to €103,256
- Tax, wage and social debts +€21,922
up €21,922 (+476%), from €4,604 to €26,526
of which Taxes: +€24,922
- Gross operating margin +€116,185
up €116,185 (+1,429%), from €8,128 to €124,313
- Taxes +€24,996
up €24,996 (+1,559%), from €1,604 to €26,600
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 | €17,101 | €134,082 | +€116,981 | +684% |
| Fixed assets | 21/28 | - | €5,619 | +€5,619 | |
| Tangible fixed assets | 22/27 | - | €5,619 | +€5,619 | |
| Furniture and vehicles | 24 | - | €5,619 | +€5,619 | |
| Current assets | 29/58 | €17,101 | €128,463 | +€111,362 | +651% |
| Amounts receivable within one year | 40/41 | €16,667 | €124 | -€16,543 | -99.3% |
| Trade receivables | 40 | €16,667 | - | -€16,667 | |
| Other amounts receivable | 41 | - | €124 | +€124 | |
| Current investments | 50/53 | - | €10,000 | +€10,000 | |
| Cash at bank and in hand | 54/58 | €168 | €117,655 | +€117,487 | +69,841% |
| Deferred charges and accrued income | 490/1 | €266 | €684 | +€418 | +157% |
| Total equity and liabilities | 10/49 | €17,101 | €134,082 | +€116,981 | +684% |
| Equity | 10/15 | €8,056 | €105,756 | +€97,700 | +1,213% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,556 | €103,256 | +€97,700 | +1,758% |
| Distributable reserves | 133 | €5,556 | €103,256 | +€97,700 | +1,758% |
| Amounts payable | 17/49 | €9,045 | €28,326 | +€19,281 | +213% |
| Amounts payable within one year | 42/48 | €9,045 | €28,326 | +€19,281 | +213% |
| Trade debts | 44 | €1,324 | - | -€1,324 | |
| Suppliers | 440/4 | €1,324 | - | -€1,324 | |
| Taxes, remuneration and social security | 45 | €4,604 | €26,526 | +€21,922 | +476% |
| Taxes | 450/3 | €1,604 | €26,526 | +€24,922 | +1,554% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €3,117 | €1,800 | -€1,317 | -42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €95 | +€95 | |
| Other operating charges | 640/8 | €106 | €120 | +€15 | +13.7% |
| Gross operating margin | 9900 | €8,128 | €124,313 | +€116,185 | +1,429% |
| Operating profit (loss) | 9901 | €8,022 | €124,098 | +€116,075 | +1,447% |
| Financial income | 75/76B | - | €247 | +€247 | |
| Recurring financial income | 75 | - | €247 | +€247 | |
| Financial charges | 65/66B | €4 | €45 | +€41 | +1,072% |
| Recurring financial charges | 65 | €4 | €45 | +€41 | +1,072% |
| Profit (loss) for the period before taxes | 9903 | €8,019 | €124,300 | +€116,281 | +1,450% |
| Income taxes | 67/77 | €1,604 | €26,600 | +€24,996 | +1,559% |
| Profit (loss) for the period | 9904 | €6,415 | €97,700 | +€91,285 | +1,423% |
| Profit (loss) for the period to be appropriated | 9905 | €6,415 | €97,700 | +€91,285 | +1,423% |
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 15 October 2026 via checked.be.