Dr. Lins - 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. Lins - Dr. Dubois
Largest movements
- Receivables within one year +€26,124
up €26,124 (+118%), from €22,124 to €48,248
of which Trade receivables: +€18,441
- Cash +€21,004
up €21,004 (+59.3%), from €35,437 to €56,440
mainly Net result for the year (+€52,517) and Depreciation (+€3,975)
- Current investments +€15,140
up €15,140 (+2.6%), from €575,147 to €590,287
- Reserves +€51,119
up €51,119 (+8.3%), from €615,902 to €667,021
- Gross operating margin +€19,976
up €19,976 (+37.0%), from €53,994 to €73,970
- Financial income +€3,737
up €3,737 (+56.7%), from €6,595 to €10,332
- Depreciation -€1,940
down €1,940 (-32.8%), from €5,915 to €3,975
- Taxes +€1,809
up €1,809 (+8.1%), from €22,243 to €24,052
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 | €641,153 | €699,515 | +€58,362 | +9.1% |
| Fixed assets | 21/28 | €5,658 | €1,684 | -€3,975 | -70.2% |
| Tangible fixed assets | 22/27 | €5,658 | €1,684 | -€3,975 | -70.2% |
| Furniture and vehicles | 24 | €2,535 | €706 | -€1,829 | -72.2% |
| Other tangible fixed assets | 26 | €3,123 | €978 | -€2,145 | -68.7% |
| Current assets | 29/58 | €635,495 | €697,832 | +€62,337 | +9.8% |
| Amounts receivable after more than one year | 29 | €608 | €626 | +€18 | +3.0% |
| Trade receivables | 290 | €608 | €626 | +€18 | +3.0% |
| Amounts receivable within one year | 40/41 | €22,124 | €48,248 | +€26,124 | +118% |
| Trade receivables | 40 | €260 | €18,701 | +€18,441 | +7,094% |
| Other amounts receivable | 41 | €21,864 | €29,548 | +€7,684 | +35.1% |
| Current investments | 50/53 | €575,147 | €590,287 | +€15,140 | +2.6% |
| Cash at bank and in hand | 54/58 | €35,437 | €56,440 | +€21,004 | +59.3% |
| Deferred charges and accrued income | 490/1 | €2,179 | €2,230 | +€51 | +2.3% |
| Total equity and liabilities | 10/49 | €641,153 | €699,515 | +€58,362 | +9.1% |
| Equity | 10/15 | €634,646 | €687,163 | +€52,517 | +8.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €615,902 | €667,021 | +€51,119 | +8.3% |
| Distributable reserves | 133 | €615,902 | €667,021 | +€51,119 | +8.3% |
| Profit (loss) carried forward | 14 | €144 | €1,542 | +€1,398 | +968% |
| Amounts payable | 17/49 | €6,507 | €12,353 | +€5,845 | +89.8% |
| Amounts payable within one year | 42/48 | €6,507 | €12,353 | +€5,845 | +89.8% |
| Trade debts | 44 | €401 | €2,908 | +€2,507 | +626% |
| Suppliers | 440/4 | €401 | €2,908 | +€2,507 | +626% |
| Taxes, remuneration and social security | 45 | €6,107 | €9,445 | +€3,338 | +54.7% |
| Taxes | 450/3 | €6,107 | €9,445 | +€3,338 | +54.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,915 | €3,975 | -€1,940 | -32.8% |
| Other operating charges | 640/8 | €2,828 | €3,486 | +€658 | +23.3% |
| Gross operating margin | 9900 | €53,994 | €73,970 | +€19,976 | +37.0% |
| Operating profit (loss) | 9901 | €45,251 | €66,509 | +€21,259 | +47.0% |
| Financial income | 75/76B | €6,595 | €10,332 | +€3,737 | +56.7% |
| Recurring financial income | 75 | €6,595 | €10,332 | +€3,737 | +56.7% |
| Financial charges | 65/66B | €69 | €273 | +€204 | +294% |
| Recurring financial charges | 65 | €69 | €273 | +€204 | +294% |
| Profit (loss) for the period before taxes | 9903 | €51,777 | €76,569 | +€24,792 | +47.9% |
| Income taxes | 67/77 | €22,243 | €24,052 | +€1,809 | +8.1% |
| Profit (loss) for the period | 9904 | €29,534 | €52,517 | +€22,983 | +77.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,534 | €52,517 | +€22,983 | +77.8% |
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 31 October 2026 via checked.be.