D.M.: 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.
What changed
D.M.
NACE 86.210, General medical practice
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€12,865
2024 · €9,673+€3,193
Equity
€73,844
2024 · €60,979+€12,865
Cash
€19,773
2024 · €20,813-€1,039
Balance sheet total
€163,517
2024 · €181,990-€18,472
Largest movements
Assets
- Tangible fixed assets -€25,531
down €25,531 (-22.2%), from €114,940 to €89,410
of which Furniture and vehicles: -€24,419
- Receivables after one year -€10,370
down €10,370 (-50.0%), from €20,741 to €10,370
of which Trade receivables: -€10,370
- Deferred charges and accrued income +€9,627
up €9,627 (+872.8%), from €1,103 to €10,731
- Receivables within one year +€8,840
up €8,840 (+36.2%), from €24,393 to €33,233
of which Other amounts receivable: +€8,157
Equity and liabilities
- Debts after one year -€25,222
down €25,222 (-27.5%), from €91,716 to €66,494
- Profit (loss) carried forward +€12,865
up €12,865 (+24.3%), from €52,974 to €65,840
- Current portion of long-term debt -€5,562
down €5,562 (-20.1%), from €27,713 to €22,151
Income statement
- Turnover +€131,900
new in 2025: €131,900
- Purchases and services +€84,482
new in 2025: €84,482
- Gross operating margin +€15,343
up €15,343 (+31.5%), from €48,640 to €63,982
- Depreciation +€13,714
up €13,714 (+116.1%), from €11,817 to €25,531
- Financial charges -€1,404
down €1,404 (-67.6%), from €2,078 to €674
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.
Result 2024
€9,673
Gross operating margin
+€15,343
Staff costs
+€1,007
Depreciation
-€13,714
Other operating charges
-€378
Other operating items
+€171
Financial income
-€461
Financial charges
+€1,404
Taxes
-€179
Result 2025
€12,865
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.
From operations
+€29,745
Investment
-€0
Financing
-€30,784
Cash 2024
€20,813
From operations (derived)
+€29,745
Net result for the year
+€12,865
Depreciation
+€25,531
Receivables after one year
+€10,370
Receivables within one year
-€8,840
Deferred charges and accrued income
-€9,627
Trade debts
-€537
Tax, wage and social debts
-€17
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€30,784
Debts after one year
-€25,222
Current portion of long-term debt
-€5,562
Cash 2025
€19,773
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,990 | €163,517 | -€18,472 | -10.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €114,940 | €89,410 | -€25,531 | -22.2% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €114,940 | €89,410 | -€25,531 | -22.2% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €111,204 | €86,785 | -€24,419 | -22.0% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €3,737 | €2,625 | -€1,112 | -29.8% |
| Assets under construction and advance payments | 27 | - | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €67,049 | €74,107 | +€7,058 | +10.5% |
| Amounts receivable after more than one year | 29 | €20,741 | €10,370 | -€10,370 | -50.0% |
| Trade receivables | 290 | €20,741 | €10,370 | -€10,370 | -50.0% |
| Other amounts receivable | 291 | - | €0 | = | |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Stocks | 30/36 | - | €0 | = | |
| Contracts in progress | 37 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €24,393 | €33,233 | +€8,840 | +36.2% |
| Trade receivables | 40 | - | €684 | +€684 | |
| Other amounts receivable | 41 | €24,393 | €32,550 | +€8,157 | +33.4% |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €20,813 | €19,773 | -€1,039 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,103 | €10,731 | +€9,627 | +872.8% |
| Total equity and liabilities | 10/49 | €181,990 | €163,517 | -€18,472 | -10.2% |
| Equity | 10/15 | €60,979 | €73,844 | +€12,865 | +21.1% |
| Contributions | 10/11 | - | €0 | = | |
| Revaluation surpluses | 12 | - | €0 | = | |
| Reserves | 13 | €8,004 | €8,004 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Own shares acquired | 1312 | - | €0 | = | |
| Financial assistance | 1313 | - | €0 | = | |
| Other | 1319 | - | €0 | = | |
| Tax-exempt reserves | 132 | €8,004 | €8,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,974 | €65,840 | +€12,865 | +24.3% |
| Amounts payable | 17/49 | €121,011 | €89,673 | -€31,338 | -25.9% |
| Amounts payable after more than one year | 17 | €91,716 | €66,494 | -€25,222 | -27.5% |
| Financial debts | 170/4 | €91,716 | €66,494 | -€25,222 | -27.5% |
| Amounts payable within one year | 42/48 | €29,295 | €23,180 | -€6,115 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €27,713 | €22,151 | -€5,562 | -20.1% |
| Trade debts | 44 | €1,011 | €474 | -€537 | -53.1% |
| Suppliers | 440/4 | €1,011 | €474 | -€537 | -53.1% |
| Taxes, remuneration and social security | 45 | €571 | €554 | -€17 | -3.0% |
| Taxes | 450/3 | - | €522 | +€522 | |
| Remuneration and social security | 454/9 | €571 | €32 | -€539 | -94.4% |
| Turnover | 70 | - | €131,900 | +€131,900 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €84,482 | +€84,482 | |
| Remuneration, social security and pensions | 62 | €19,719 | €18,712 | -€1,007 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,817 | €25,531 | +€13,714 | +116.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €0 | = | |
| Other operating charges | 640/8 | €524 | €903 | +€378 | +72.2% |
| Non-recurring operating charges | 66A | €171 | - | -€171 | |
| Gross operating margin | 9900 | €48,640 | €63,982 | +€15,343 | +31.5% |
| Operating profit (loss) | 9901 | €16,408 | €18,837 | +€2,429 | +14.8% |
| Financial income | 75/76B | €461 | - | -€461 | |
| Recurring financial income | 75 | €461 | - | -€461 | |
| Financial charges | 65/66B | €2,078 | €674 | -€1,404 | -67.6% |
| Recurring financial charges | 65 | €2,078 | €674 | -€1,404 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €14,792 | €18,163 | +€3,371 | +22.8% |
| Income taxes | 67/77 | €5,119 | €5,298 | +€179 | +3.5% |
| Profit (loss) for the period | 9904 | €9,673 | €12,865 | +€3,193 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,673 | €12,865 | +€3,193 | +33.0% |
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 29 September 2026 via checked.be.