Dr. Green: what changed
Two fiscal 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. Green
Largest movements
- Cash +€112,742
up €112,742 (+125.2%), from €90,026 to €202,767
mainly Net result for the year (+€125,339) and Tax, wage and social debts (+€9,779)
- Receivables within one year +€22,254
up €22,254 (+55.3%), from €40,250 to €62,504
of which Trade receivables: +€25,727
- Reserves +€125,300
up €125,300 (+112.3%), from €111,600 to €236,900
- Tax, wage and social debts +€9,779
up €9,779 (+80.6%), from €12,133 to €21,912
of which Taxes: +€11,294
- Gross operating margin +€10,789
up €10,789 (+7.6%), from €141,874 to €152,663
- Taxes -€5,968
down €5,968 (-19.2%), from €31,014 to €25,047
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 | €144,920 | €278,691 | +€133,771 | +92.3% |
| Fixed assets | 21/28 | €12,967 | €11,655 | -€1,313 | -10.1% |
| Tangible fixed assets | 22/27 | €12,967 | €11,655 | -€1,313 | -10.1% |
| Other tangible fixed assets | 26 | €12,967 | €11,655 | -€1,313 | -10.1% |
| Current assets | 29/58 | €131,953 | €267,036 | +€135,084 | +102.4% |
| Amounts receivable within one year | 40/41 | €40,250 | €62,504 | +€22,254 | +55.3% |
| Trade receivables | 40 | €36,777 | €62,504 | +€25,727 | +70.0% |
| Other amounts receivable | 41 | €3,473 | €0 | -€3,473 | -100.0% |
| Cash at bank and in hand | 54/58 | €90,026 | €202,767 | +€112,742 | +125.2% |
| Deferred charges and accrued income | 490/1 | €1,676 | €1,765 | +€88 | +5.3% |
| Total equity and liabilities | 10/49 | €144,920 | €278,691 | +€133,771 | +92.3% |
| Equity | 10/15 | €130,177 | €255,516 | +€125,339 | +96.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €111,600 | €236,900 | +€125,300 | +112.3% |
| Distributable reserves | 133 | €111,600 | €236,900 | +€125,300 | +112.3% |
| Profit (loss) carried forward | 14 | €27 | €66 | +€39 | +144.3% |
| Amounts payable | 17/49 | €14,743 | €23,175 | +€8,432 | +57.2% |
| Amounts payable within one year | 42/48 | €14,743 | €23,175 | +€8,432 | +57.2% |
| Trade debts | 44 | €2,609 | €970 | -€1,639 | -62.8% |
| Suppliers | 440/4 | €2,609 | €970 | -€1,639 | -62.8% |
| Taxes, remuneration and social security | 45 | €12,133 | €21,912 | +€9,779 | +80.6% |
| Taxes | 450/3 | €10,619 | €21,912 | +€11,294 | +106.4% |
| Remuneration and social security | 454/9 | €1,515 | €0 | -€1,515 | -100.0% |
| Other amounts payable | 47/48 | €0 | €292 | +€292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €1,313 | +€1,155 | +732.7% |
| Other operating charges | 640/8 | €1,071 | €1,168 | +€97 | +9.1% |
| Gross operating margin | 9900 | €141,874 | €152,663 | +€10,789 | +7.6% |
| Operating profit (loss) | 9901 | €140,645 | €150,182 | +€9,537 | +6.8% |
| Financial income | 75/76B | €382 | €282 | -€99 | -26.0% |
| Recurring financial income | 75 | €382 | €282 | -€99 | -26.0% |
| Financial charges | 65/66B | €59 | €78 | +€20 | +33.9% |
| Recurring financial charges | 65 | €59 | €78 | +€20 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €140,968 | €150,386 | +€9,418 | +6.7% |
| Income taxes | 67/77 | €31,014 | €25,047 | -€5,968 | -19.2% |
| Profit (loss) for the period | 9904 | €109,954 | €125,339 | +€15,386 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,954 | €125,339 | +€15,386 | +14.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.