Dr Dubois: 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 Dubois
Largest movements
- Cash +€78,152
up €78,152 (+64.2%), from €121,774 to €199,926
mainly Net result for the year (+€76,615) and Depreciation (+€25,318)
- Intangible fixed assets -€25,000
down €25,000 (-14.3%), from €175,000 to €150,000
- Deferred charges and accrued income +€16,810
up €16,810 (+75.8%), from €22,173 to €38,984
- Reserves +€76,615
up €76,615 (+97.2%), from €78,829 to €155,444
- Debts after one year -€25,000
down €25,000 (-12.5%), from €200,000 to €175,000
- Tax, wage and social debts +€20,175
up €20,175 (+67.0%), from €30,120 to €50,295
of which Taxes: +€19,175
- Gross operating margin -€13,431
down €13,431 (-9.8%), from €136,924 to €123,492
- Taxes -€10,946
down €10,946 (-36.3%), from €30,120 to €19,175
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 | €319,116 | €391,161 | +€72,045 | +22.6% |
| Fixed assets | 21/28 | €175,000 | €152,252 | -€22,748 | -13.0% |
| Intangible fixed assets | 21 | €175,000 | €150,000 | -€25,000 | -14.3% |
| Tangible fixed assets | 22/27 | - | €2,252 | +€2,252 | |
| Furniture and vehicles | 24 | - | €2,252 | +€2,252 | |
| Current assets | 29/58 | €144,116 | €238,910 | +€94,793 | +65.8% |
| Amounts receivable within one year | 40/41 | €169 | - | -€169 | |
| Trade receivables | 40 | €169 | - | -€169 | |
| Cash at bank and in hand | 54/58 | €121,774 | €199,926 | +€78,152 | +64.2% |
| Deferred charges and accrued income | 490/1 | €22,173 | €38,984 | +€16,810 | +75.8% |
| Total equity and liabilities | 10/49 | €319,116 | €391,161 | +€72,045 | +22.6% |
| Equity | 10/15 | €83,829 | €160,444 | +€76,615 | +91.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €78,829 | €155,444 | +€76,615 | +97.2% |
| Distributable reserves | 133 | €78,829 | €155,444 | +€76,615 | +97.2% |
| Amounts payable | 17/49 | €235,287 | €230,717 | -€4,570 | -1.9% |
| Amounts payable after more than one year | 17 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Other amounts payable | 178/9 | €200,000 | €175,000 | -€25,000 | -12.5% |
| Amounts payable within one year | 42/48 | €32,083 | €53,312 | +€21,229 | +66.2% |
| Trade debts | 44 | - | €200 | +€200 | |
| Suppliers | 440/4 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €30,120 | €50,295 | +€20,175 | +67.0% |
| Taxes | 450/3 | €30,120 | €49,295 | +€19,175 | +63.7% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €1,962 | €2,817 | +€854 | +43.5% |
| Accrued charges and deferred income | 492/3 | €3,205 | €2,406 | -€799 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,000 | €25,318 | +€318 | +1.3% |
| Other operating charges | 640/8 | €2,701 | €2,098 | -€603 | -22.3% |
| Gross operating margin | 9900 | €136,924 | €123,492 | -€13,431 | -9.8% |
| Operating profit (loss) | 9901 | €109,223 | €96,076 | -€13,147 | -12.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €274 | €287 | +€13 | +4.9% |
| Recurring financial charges | 65 | €274 | €287 | +€13 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €108,949 | €95,790 | -€13,160 | -12.1% |
| Income taxes | 67/77 | €30,120 | €19,175 | -€10,946 | -36.3% |
| Profit (loss) for the period | 9904 | €78,829 | €76,615 | -€2,214 | -2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €78,829 | €76,615 | -€2,214 | -2.8% |
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 19 October 2026 via checked.be.