Dr. Van Erps: 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. Van Erps
Largest movements
- Receivables after one year -€145,044
down €145,044 (-67.8%), from €213,848 to €68,803
- Tangible fixed assets +€69,079
up €69,079 (+227.1%), from €30,420 to €99,499
of which Furniture and vehicles: +€61,880
- Cash +€56,176
up €56,176 (+29.9%), from €188,120 to €244,297
mainly Receivables after one year (+€145,044) and Net result for the year (+€136,326)
- Intangible fixed assets -€17,500
down €17,500 (-26.7%), from €65,625 to €48,125
- Reserves -€32,809
down €32,809 (-4.9%), from €663,742 to €630,933
- Other debts +€19,566
new in 2025: €19,566
- Debts after one year -€17,772
down €17,772 (-24.1%), from €73,839 to €56,067
- Depreciation +€15,823
up €15,823 (+71.3%), from €22,179 to €38,002
- Gross operating margin +€7,029
up €7,029 (+3.0%), from €236,078 to €243,107
- Financial charges -€3,090
down €3,090 (-70.0%), from €4,416 to €1,326
- Financial income -€2,962
down €2,962 (-60.5%), from €4,893 to €1,931
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 | €829,680 | €802,204 | -€27,477 | -3.3% |
| Fixed assets | 21/28 | €388,499 | €440,077 | +€51,579 | +13.3% |
| Intangible fixed assets | 21 | €65,625 | €48,125 | -€17,500 | -26.7% |
| Tangible fixed assets | 22/27 | €30,420 | €99,499 | +€69,079 | +227.1% |
| Land and buildings | 22 | - | €9,469 | +€9,469 | |
| Plant, machinery and equipment | 23 | €13,963 | €11,693 | -€2,270 | -16.3% |
| Furniture and vehicles | 24 | €16,457 | €78,337 | +€61,880 | +376.0% |
| Financial fixed assets | 28 | €292,454 | €292,454 | = | 0.0% |
| Current assets | 29/58 | €441,181 | €362,126 | -€79,055 | -17.9% |
| Amounts receivable after more than one year | 29 | €213,848 | €68,803 | -€145,044 | -67.8% |
| Other amounts receivable | 291 | €213,848 | €68,803 | -€145,044 | -67.8% |
| Amounts receivable within one year | 40/41 | €28,773 | €35,586 | +€6,813 | +23.7% |
| Trade receivables | 40 | €25,610 | €9,325 | -€16,286 | -63.6% |
| Other amounts receivable | 41 | €3,163 | €26,262 | +€23,099 | +730.4% |
| Current investments | 50/53 | €3,150 | €3,150 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €188,120 | €244,297 | +€56,176 | +29.9% |
| Deferred charges and accrued income | 490/1 | €7,290 | €10,290 | +€3,000 | +41.2% |
| Total equity and liabilities | 10/49 | €829,680 | €802,204 | -€27,477 | -3.3% |
| Equity | 10/15 | €676,142 | €643,333 | -€32,809 | -4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €663,742 | €630,933 | -€32,809 | -4.9% |
| Distributable reserves | 133 | €663,742 | €630,933 | -€32,809 | -4.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €153,538 | €158,871 | +€5,333 | +3.5% |
| Amounts payable after more than one year | 17 | €73,839 | €56,067 | -€17,772 | -24.1% |
| Financial debts | 170/4 | €73,839 | €56,067 | -€17,772 | -24.1% |
| Amounts payable within one year | 42/48 | €79,201 | €102,056 | +€22,856 | +28.9% |
| Current portion of amounts payable after more than one year | 42 | €17,574 | €17,772 | +€198 | +1.1% |
| Trade debts | 44 | €882 | €1,159 | +€277 | +31.4% |
| Suppliers | 440/4 | €882 | €1,159 | +€277 | +31.4% |
| Taxes, remuneration and social security | 45 | €60,745 | €63,559 | +€2,814 | +4.6% |
| Taxes | 450/3 | €60,745 | €63,559 | +€2,814 | +4.6% |
| Other amounts payable | 47/48 | - | €19,566 | +€19,566 | |
| Accrued charges and deferred income | 492/3 | €498 | €747 | +€249 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,179 | €38,002 | +€15,823 | +71.3% |
| Other operating charges | 640/8 | €1,763 | €1,898 | +€135 | +7.7% |
| Gross operating margin | 9900 | €236,078 | €243,107 | +€7,029 | +3.0% |
| Operating profit (loss) | 9901 | €212,136 | €203,207 | -€8,929 | -4.2% |
| Financial income | 75/76B | €4,893 | €1,931 | -€2,962 | -60.5% |
| Recurring financial income | 75 | €4,893 | €1,931 | -€2,962 | -60.5% |
| Financial charges | 65/66B | €4,416 | €1,326 | -€3,090 | -70.0% |
| Recurring financial charges | 65 | €4,416 | €1,326 | -€3,090 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €212,613 | €203,812 | -€8,801 | -4.1% |
| Income taxes | 67/77 | €68,485 | €67,485 | -€1,000 | -1.5% |
| Profit (loss) for the period | 9904 | €144,128 | €136,326 | -€7,801 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,128 | €136,326 | -€7,801 | -5.4% |
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 7 October 2026 via checked.be.