Dr. MAROLLEAU: 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. MAROLLEAU
Largest movements
- Cash +€106,866
up €106,866 (+46.1%), from €231,721 to €338,587
mainly Net result for the year (+€170,629) and Depreciation (+€52,905)
- Tangible fixed assets -€27,905
down €27,905 (-17.7%), from €157,799 to €129,894
of which Furniture and vehicles: -€26,663
- Receivables within one year +€17,735
up €17,735 (+3.7%), from €485,527 to €503,261
- Other debts +€50,000
up €50,000 (+62.5%), from €80,000 to €130,000
- Reserves +€40,000
up €40,000 (+5.9%), from €680,000 to €720,000
- Tax, wage and social debts +€23,512
up €23,512 (+67.2%), from €35,000 to €58,512
of which Taxes: +€23,512
- Depreciation -€21,481
down €21,481 (-28.9%), from €74,387 to €52,905
- Gross operating margin -€5,921
down €5,921 (-2.0%), from €293,078 to €287,158
- Taxes -€3,544
down €3,544 (-4.6%), from €77,335 to €73,791
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 | €883,649 | €981,001 | +€97,351 | +11.0% |
| Fixed assets | 21/28 | €158,339 | €130,434 | -€27,905 | -17.6% |
| Tangible fixed assets | 22/27 | €157,799 | €129,894 | -€27,905 | -17.7% |
| Land and buildings | 22 | €103,744 | €98,987 | -€4,757 | -4.6% |
| Plant, machinery and equipment | 23 | €9,855 | €13,370 | +€3,515 | +35.7% |
| Furniture and vehicles | 24 | €41,250 | €14,587 | -€26,663 | -64.6% |
| Other tangible fixed assets | 26 | €2,950 | €2,950 | = | 0.0% |
| Financial fixed assets | 28 | €541 | €541 | = | 0.0% |
| Current assets | 29/58 | €725,310 | €850,566 | +€125,257 | +17.3% |
| Amounts receivable within one year | 40/41 | €485,527 | €503,261 | +€17,735 | +3.7% |
| Other amounts receivable | 41 | €485,527 | €503,261 | +€17,735 | +3.7% |
| Cash at bank and in hand | 54/58 | €231,721 | €338,587 | +€106,866 | +46.1% |
| Deferred charges and accrued income | 490/1 | €8,062 | €8,718 | +€656 | +8.1% |
| Total equity and liabilities | 10/49 | €883,649 | €981,001 | +€97,351 | +11.0% |
| Equity | 10/15 | €707,145 | €747,774 | +€40,629 | +5.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €680,000 | €720,000 | +€40,000 | +5.9% |
| Distributable reserves | 133 | €680,000 | €720,000 | +€40,000 | +5.9% |
| Profit (loss) carried forward | 14 | €12,885 | €13,514 | +€629 | +4.9% |
| Amounts payable | 17/49 | €176,504 | €233,227 | +€56,723 | +32.1% |
| Amounts payable after more than one year | 17 | €39,095 | €29,984 | -€9,112 | -23.3% |
| Financial debts | 170/4 | €39,095 | €29,984 | -€9,112 | -23.3% |
| Amounts payable within one year | 42/48 | €132,867 | €198,585 | +€65,718 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €17,867 | €9,852 | -€8,015 | -44.9% |
| Trade debts | 44 | €0 | €222 | +€222 | |
| Suppliers | 440/4 | €0 | €222 | +€222 | |
| Taxes, remuneration and social security | 45 | €35,000 | €58,512 | +€23,512 | +67.2% |
| Taxes | 450/3 | €31,500 | €55,012 | +€23,512 | +74.6% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €80,000 | €130,000 | +€50,000 | +62.5% |
| Accrued charges and deferred income | 492/3 | €4,542 | €4,658 | +€116 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,387 | €52,905 | -€21,481 | -28.9% |
| Other operating charges | 640/8 | €2,126 | €2,344 | +€218 | +10.3% |
| Gross operating margin | 9900 | €293,078 | €287,158 | -€5,921 | -2.0% |
| Operating profit (loss) | 9901 | €216,565 | €231,908 | +€15,343 | +7.1% |
| Financial income | 75/76B | €14,733 | €15,978 | +€1,245 | +8.4% |
| Recurring financial income | 75 | €14,733 | €15,978 | +€1,245 | +8.4% |
| Financial charges | 65/66B | €4,147 | €3,466 | -€681 | -16.4% |
| Recurring financial charges | 65 | €4,147 | €3,466 | -€681 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €227,152 | €244,420 | +€17,268 | +7.6% |
| Income taxes | 67/77 | €77,335 | €73,791 | -€3,544 | -4.6% |
| Profit (loss) for the period | 9904 | €149,817 | €170,629 | +€20,812 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €149,817 | €170,629 | +€20,812 | +13.9% |
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 26 October 2026 via checked.be.