DR. E. BEERENS,PATHOLOOG-ANATOOM: 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.
What changed
DR. E. BEERENS,PATHOLOOG-ANATOOM
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€427,551
2024 · €361,973+€65,578
Equity
€2.7m
2024 · €2.3m+€427,551
Cash
€140,351
2024 · €170,619-€30,268
Balance sheet total
€3.0m
2024 · €2.6m+€389,166
Largest movements
Assets
- Current investments +€400,000
up €400,000 (+30.8%), from €1.3m to €1.7m
- Receivables within one year +€139,906
up €139,906 (+6,899%), from €2,028 to €141,934
of which Other amounts receivable: +€141,284
- Deferred charges and accrued income -€128,832
down €128,832 (-99.8%), from €129,106 to €275
Equity and liabilities
- Reserves +€427,551
up €427,551 (+18.7%), from €2.3m to €2.7m
- Debts after one year -€50,915
down €50,915 (-17.1%), from €297,542 to €246,627
Income statement
- Gross operating margin +€90,980
up €90,980 (+19.6%), from €463,757 to €554,738
- Taxes +€22,452
up €22,452 (+19.1%), from €117,859 to €140,311
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.
Result 2024
€361,973
Gross operating margin
+€90,980
Depreciation
+€1,198
Other operating charges
-€140
Financial income
-€4,164
Financial charges
+€156
Taxes
-€22,452
Result 2025
€427,551
raises the resultlowers the result
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.
From operations
+€438,367
Investment
-€418,855
Financing
-€49,780
Cash 2024
€170,619
From operations (derived)
+€438,367
Net result for the year
+€427,551
Depreciation
+€10,495
Receivables within one year
-€139,906
Deferred charges and accrued income
+€128,832
Trade debts
-€299
Tax, wage and social debts
+€13,023
Accrued charges and deferred income
-€1,328
Investment (derived)
-€418,855
Investment in fixed assets (net)
-€18,855
Current investments
-€400,000
Financing
-€49,780
Debts after one year
-€50,915
Short-term financial debts
+€1,135
Cash 2025
€140,351
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,643,586 | €3,032,752 | +€389,166 | +14.7% |
| Fixed assets | 21/28 | €13,933 | €22,293 | +€8,360 | +60.0% |
| Tangible fixed assets | 22/27 | €13,933 | €22,293 | +€8,360 | +60.0% |
| Plant, machinery and equipment | 23 | €1,736 | €1,680 | -€55 | -3.2% |
| Furniture and vehicles | 24 | €12,197 | €20,612 | +€8,415 | +69.0% |
| Current assets | 29/58 | €2,629,653 | €3,010,460 | +€380,807 | +14.5% |
| Amounts receivable after more than one year | 29 | €1,027,900 | €1,027,900 | = | 0.0% |
| Trade receivables | 290 | €1,027,900 | €1,027,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,028 | €141,934 | +€139,906 | +6,899% |
| Trade receivables | 40 | €1,378 | €0 | -€1,378 | -100% |
| Other amounts receivable | 41 | €650 | €141,934 | +€141,284 | +21,742% |
| Current investments | 50/53 | €1,300,000 | €1,700,000 | +€400,000 | +30.8% |
| Cash at bank and in hand | 54/58 | €170,619 | €140,351 | -€30,268 | -17.7% |
| Deferred charges and accrued income | 490/1 | €129,106 | €275 | -€128,832 | -99.8% |
| Total equity and liabilities | 10/49 | €2,643,586 | €3,032,752 | +€389,166 | +14.7% |
| Equity | 10/15 | €2,304,875 | €2,732,426 | +€427,551 | +18.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,286,325 | €2,713,876 | +€427,551 | +18.7% |
| Distributable reserves | 133 | €2,286,325 | €2,713,876 | +€427,551 | +18.7% |
| Amounts payable | 17/49 | €338,711 | €300,327 | -€38,385 | -11.3% |
| Amounts payable after more than one year | 17 | €297,542 | €246,627 | -€50,915 | -17.1% |
| Financial debts | 170/4 | €297,542 | €246,627 | -€50,915 | -17.1% |
| Amounts payable within one year | 42/48 | €39,841 | €53,699 | +€13,858 | +34.8% |
| Financial debts | 43 | €1,233 | €2,368 | +€1,135 | +92.0% |
| Credit institutions | 430/8 | €1,233 | €2,368 | +€1,135 | +92.0% |
| Trade debts | 44 | €3,549 | €3,250 | -€299 | -8.4% |
| Suppliers | 440/4 | €3,549 | €3,250 | -€299 | -8.4% |
| Taxes, remuneration and social security | 45 | €35,059 | €48,081 | +€13,023 | +37.1% |
| Taxes | 450/3 | €35,059 | €48,081 | +€13,023 | +37.1% |
| Accrued charges and deferred income | 492/3 | €1,328 | €0 | -€1,328 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,693 | €10,495 | -€1,198 | -10.2% |
| Other operating charges | 640/8 | €1,988 | €2,127 | +€140 | +7.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €463,757 | €554,738 | +€90,980 | +19.6% |
| Operating profit (loss) | 9901 | €450,076 | €542,115 | +€92,039 | +20.4% |
| Financial income | 75/76B | €30,041 | €25,877 | -€4,164 | -13.9% |
| Recurring financial income | 75 | €30,041 | €25,877 | -€4,164 | -13.9% |
| Financial charges | 65/66B | €286 | €130 | -€156 | -54.7% |
| Recurring financial charges | 65 | €286 | €130 | -€156 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €479,831 | €567,862 | +€88,031 | +18.3% |
| Income taxes | 67/77 | €117,859 | €140,311 | +€22,452 | +19.1% |
| Profit (loss) for the period | 9904 | €361,973 | €427,551 | +€65,578 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €361,973 | €427,551 | +€65,578 | +18.1% |
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 31 October 2026 via checked.be.