Dr. Eline P.: 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. Eline P.
Largest movements
- Cash -€52,693
down €52,693 (-66.0%), from €79,884 to €27,192
mainly Other debts (-€148,915) and Tax, wage and social debts (-€28,592)
- Receivables within one year -€10,288
down €10,288 (-10.2%), from €101,341 to €91,052
of which Other amounts receivable: -€14,242
- Other debts -€148,915
down €148,915 (-94.9%), from €156,992 to €8,077
- Profit (loss) carried forward +€112,334
new in 2025: €112,334
- Tax, wage and social debts -€28,592
down €28,592 (-79.3%), from €36,036 to €7,444
- Debts after one year -€3,683
down €3,683 (-15.0%), from €24,598 to €20,914
- Gross operating margin -€97,900
down €97,900 (-40.0%), from €244,852 to €146,952
- Taxes -€26,374
down €26,374 (-46.1%), from €57,271 to €30,897
- Financial income -€3,462
down €3,462 (-99.9%), from €3,464 to €2
- Depreciation -€2,498
down €2,498 (-57.4%), from €4,352 to €1,854
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 | €226,369 | €158,041 | -€68,328 | -30.2% |
| Fixed assets | 21/28 | €40,057 | €38,204 | -€1,854 | -4.6% |
| Tangible fixed assets | 22/27 | €40,057 | €38,204 | -€1,854 | -4.6% |
| Land and buildings | 22 | €40,057 | €38,204 | -€1,854 | -4.6% |
| Current assets | 29/58 | €186,312 | €119,837 | -€66,474 | -35.7% |
| Amounts receivable after more than one year | 29 | €1,500 | - | -€1,500 | |
| Trade receivables | 290 | €1,500 | - | -€1,500 | |
| Amounts receivable within one year | 40/41 | €101,341 | €91,052 | -€10,288 | -10.2% |
| Trade receivables | 40 | €80,486 | €84,440 | +€3,953 | +4.9% |
| Other amounts receivable | 41 | €20,854 | €6,613 | -€14,242 | -68.3% |
| Cash at bank and in hand | 54/58 | €79,884 | €27,192 | -€52,693 | -66.0% |
| Deferred charges and accrued income | 490/1 | €3,587 | €1,593 | -€1,994 | -55.6% |
| Total equity and liabilities | 10/49 | €226,369 | €158,041 | -€68,328 | -30.2% |
| Equity | 10/15 | €3,000 | €115,334 | +€112,334 | +3,744% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €112,334 | +€112,334 | |
| Amounts payable | 17/49 | €223,369 | €42,707 | -€180,662 | -80.9% |
| Amounts payable after more than one year | 17 | €24,598 | €20,914 | -€3,683 | -15.0% |
| Financial debts | 170/4 | €24,598 | €20,914 | -€3,683 | -15.0% |
| Amounts payable within one year | 42/48 | €198,771 | €21,793 | -€176,979 | -89.0% |
| Current portion of amounts payable after more than one year | 42 | €3,612 | €3,683 | +€72 | +2.0% |
| Trade debts | 44 | €2,132 | €2,589 | +€457 | +21.5% |
| Suppliers | 440/4 | €2,132 | €2,589 | +€457 | +21.5% |
| Taxes, remuneration and social security | 45 | €36,036 | €7,444 | -€28,592 | -79.3% |
| Taxes | 450/3 | €36,036 | €7,444 | -€28,592 | -79.3% |
| Other amounts payable | 47/48 | €156,992 | €8,077 | -€148,915 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,352 | €1,854 | -€2,498 | -57.4% |
| Other operating charges | 640/8 | €1,262 | €1,159 | -€103 | -8.2% |
| Gross operating margin | 9900 | €244,852 | €146,952 | -€97,900 | -40.0% |
| Operating profit (loss) | 9901 | €239,238 | €143,939 | -€95,299 | -39.8% |
| Financial income | 75/76B | €3,464 | €2 | -€3,462 | -99.9% |
| Recurring financial income | 75 | €3,464 | €2 | -€3,462 | -99.9% |
| Financial charges | 65/66B | €734 | €711 | -€24 | -3.2% |
| Recurring financial charges | 65 | €734 | €711 | -€24 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €241,968 | €143,231 | -€98,737 | -40.8% |
| Income taxes | 67/77 | €57,271 | €30,897 | -€26,374 | -46.1% |
| Profit (loss) for the period | 9904 | €184,697 | €112,334 | -€72,363 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €184,697 | €112,334 | -€72,363 | -39.2% |
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 22 October 2026 via checked.be.