Dr. Els De Moitié: 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. Els De Moitié
Largest movements
- Cash +€113,090
up €113,090 (+73.9%), from €153,068 to €266,159
mainly Net result for the year (+€100,055) and Tax, wage and social debts (+€40,603)
- Tangible fixed assets -€14,430
down €14,430 (-26.4%), from €54,598 to €40,169
of which Furniture and vehicles: -€16,415
- Receivables within one year +€8,181
up €8,181 (+41.5%), from €19,706 to €27,886
- Reserves +€99,222
up €99,222 (+65.5%), from €151,444 to €250,666
- Tax, wage and social debts +€40,603
up €40,603 (+133%), from €30,634 to €71,237
- Accrued charges and deferred income -€35,319
down €35,319 (-85.8%), from €41,186 to €5,867
- Gross operating margin +€34,389
up €34,389 (+27.9%), from €123,450 to €157,838
- Taxes +€10,168
up €10,168 (+33.2%), from €30,642 to €40,810
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 | €230,143 | €335,369 | +€105,226 | +45.7% |
| Fixed assets | 21/28 | €54,598 | €40,169 | -€14,430 | -26.4% |
| Tangible fixed assets | 22/27 | €54,598 | €40,169 | -€14,430 | -26.4% |
| Plant, machinery and equipment | 23 | €149 | €2,134 | +€1,985 | +1,335% |
| Furniture and vehicles | 24 | €54,450 | €38,035 | -€16,415 | -30.1% |
| Current assets | 29/58 | €175,545 | €295,201 | +€119,656 | +68.2% |
| Amounts receivable within one year | 40/41 | €19,706 | €27,886 | +€8,181 | +41.5% |
| Other amounts receivable | 41 | €19,706 | €27,886 | +€8,181 | +41.5% |
| Cash at bank and in hand | 54/58 | €153,068 | €266,159 | +€113,090 | +73.9% |
| Deferred charges and accrued income | 490/1 | €2,771 | €1,156 | -€1,615 | -58.3% |
| Total equity and liabilities | 10/49 | €230,143 | €335,369 | +€105,226 | +45.7% |
| Equity | 10/15 | €154,444 | €253,666 | +€99,222 | +64.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €151,444 | €250,666 | +€99,222 | +65.5% |
| Distributable reserves | 133 | €151,444 | €250,666 | +€99,222 | +65.5% |
| Amounts payable | 17/49 | €75,700 | €81,704 | +€6,004 | +7.9% |
| Amounts payable within one year | 42/48 | €34,513 | €75,837 | +€41,324 | +120% |
| Trade debts | 44 | - | €327 | +€327 | |
| Suppliers | 440/4 | - | €327 | +€327 | |
| Taxes, remuneration and social security | 45 | €30,634 | €71,237 | +€40,603 | +133% |
| Taxes | 450/3 | €30,634 | €71,237 | +€40,603 | +133% |
| Other amounts payable | 47/48 | €3,880 | €4,273 | +€393 | +10.1% |
| Accrued charges and deferred income | 492/3 | €41,186 | €5,867 | -€35,319 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,977 | €16,653 | -€1,324 | -7.4% |
| Other operating charges | 640/8 | €920 | €942 | +€22 | +2.4% |
| Gross operating margin | 9900 | €123,450 | €157,838 | +€34,389 | +27.9% |
| Operating profit (loss) | 9901 | €104,552 | €140,243 | +€35,691 | +34.1% |
| Financial income | 75/76B | €28 | €688 | +€661 | +2,381% |
| Recurring financial income | 75 | €28 | €688 | +€661 | +2,381% |
| Financial charges | 65/66B | €66 | €67 | +€1 | +1.8% |
| Recurring financial charges | 65 | €66 | €67 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €104,514 | €140,865 | +€36,350 | +34.8% |
| Income taxes | 67/77 | €30,642 | €40,810 | +€10,168 | +33.2% |
| Profit (loss) for the period | 9904 | €73,872 | €100,055 | +€26,182 | +35.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,872 | €100,055 | +€26,182 | +35.4% |
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 30 October 2026 via checked.be.