Dr. De Roeck: 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 Roeck
Largest movements
- Cash +€219,609
up €219,609 (+3203.5%), from €6,855 to €226,464
mainly Net result for the year (+€193,787) and Tax, wage and social debts (+€36,156)
- Tangible fixed assets +€15,627
new in 2025: €15,627
of which Furniture and vehicles: +€13,997
- Reserves +€192,954
up €192,954 (+420.3%), from €45,914 to €238,868
- Tax, wage and social debts +€36,156
up €36,156 (+144.8%), from €24,971 to €61,127
of which Taxes: +€46,802
- Trade debts +€8,883
up €8,883 (+930.5%), from €955 to €9,838
- Other debts -€3,619
down €3,619 (-86.1%), from €4,202 to €583
- Gross operating margin +€194,926
up €194,926 (+333.4%), from €58,466 to €253,392
- Taxes +€46,810
up €46,810 (+400.3%), from €11,693 to €58,503
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.
Cash bridge derived
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 | €78,541 | €312,917 | +€234,375 | +298.4% |
| Fixed assets | 21/28 | - | €15,627 | +€15,627 | |
| Tangible fixed assets | 22/27 | - | €15,627 | +€15,627 | |
| Plant, machinery and equipment | 23 | - | €1,630 | +€1,630 | |
| Furniture and vehicles | 24 | - | €13,997 | +€13,997 | |
| Current assets | 29/58 | €78,541 | €297,290 | +€218,749 | +278.5% |
| Amounts receivable within one year | 40/41 | €70,194 | €68,915 | -€1,279 | -1.8% |
| Trade receivables | 40 | €70,194 | €68,869 | -€1,324 | -1.9% |
| Other amounts receivable | 41 | - | €46 | +€46 | |
| Cash at bank and in hand | 54/58 | €6,855 | €226,464 | +€219,609 | +3203.5% |
| Deferred charges and accrued income | 490/1 | €1,492 | €1,911 | +€419 | +28.1% |
| Total equity and liabilities | 10/49 | €78,541 | €312,917 | +€234,375 | +298.4% |
| Equity | 10/15 | €48,414 | €241,368 | +€192,954 | +398.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €45,914 | €238,868 | +€192,954 | +420.3% |
| Distributable reserves | 133 | €45,914 | €238,868 | +€192,954 | +420.3% |
| Amounts payable | 17/49 | €30,127 | €71,549 | +€41,421 | +137.5% |
| Amounts payable within one year | 42/48 | €30,127 | €71,549 | +€41,421 | +137.5% |
| Trade debts | 44 | €955 | €9,838 | +€8,883 | +930.5% |
| Suppliers | 440/4 | €955 | €9,838 | +€8,883 | +930.5% |
| Taxes, remuneration and social security | 45 | €24,971 | €61,127 | +€36,156 | +144.8% |
| Taxes | 450/3 | €11,951 | €58,753 | +€46,802 | +391.6% |
| Remuneration and social security | 454/9 | €13,020 | €2,375 | -€10,645 | -81.8% |
| Other amounts payable | 47/48 | €4,202 | €583 | -€3,619 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €610 | +€610 | |
| Other operating charges | 640/8 | - | €437 | +€437 | |
| Gross operating margin | 9900 | €58,466 | €253,392 | +€194,926 | +333.4% |
| Operating profit (loss) | 9901 | €58,466 | €252,345 | +€193,879 | +331.6% |
| Financial charges | 65/66B | - | €55 | +€55 | |
| Recurring financial charges | 65 | - | €55 | +€55 | |
| Profit (loss) for the period before taxes | 9903 | €58,466 | €252,290 | +€193,824 | +331.5% |
| Income taxes | 67/77 | €11,693 | €58,503 | +€46,810 | +400.3% |
| Profit (loss) for the period | 9904 | €46,773 | €193,787 | +€147,014 | +314.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,773 | €193,787 | +€147,014 | +314.3% |
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 12 October 2026 via checked.be.