Dermatoloog Raes: what changed
What changed
Dermatoloog Raes
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€141,607
2024 · €111,376+€30,231
Equity
€679,061
2024 · €605,853+€73,207
Cash
€318,073
2024 · €165,145+€152,929
Balance sheet total
€1.3m
2024 · €1.2m+€63,539
Largest movements
Assets
- Cash +€152,929
up €152,929 (+92.6%), from €165,145 to €318,073
mainly Net result for the year (+€141,607) and Depreciation (+€105,425)
- Tangible fixed assets -€96,045
down €96,045 (-9.6%), from €1.0m to €906,239
of which Land and buildings: -€92,013
Equity and liabilities
- Reserves +€73,207
up €73,207 (+12.5%), from €585,217 to €658,424
- Debts after one year -€60,118
down €60,118 (-12.1%), from €497,972 to €437,853
- Other debts +€38,928
up €38,928 (+232%), from €16,775 to €55,703
Income statement
- Gross operating margin +€61,022
up €61,022 (+17.3%), from €352,211 to €413,233
- Staff costs +€19,115
up €19,115 (+28.3%), from €67,618 to €86,734
- Taxes +€14,073
up €14,073 (+30.3%), from €46,439 to €60,511
- Depreciation -€4,810
down €4,810 (-4.4%), from €110,235 to €105,425
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€111,376
Gross operating margin
+€61,022
Staff costs
-€19,115
Depreciation
+€4,810
Other operating charges
-€1,179
Financial income
-€575
Financial charges
-€659
Taxes
-€14,073
Result 2025
€141,607
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€290,544
Investment
-€8,178
Financing
-€129,438
Cash 2024
€165,145
From operations (derived)
+€290,544
Net result for the year
+€141,607
Depreciation
+€105,425
Stocks and contracts
-€6,779
Receivables within one year
-€3,102
Deferred charges and accrued income
+€2,023
Trade debts
+€219
Tax, wage and social debts
+€12,223
Other debts
+€38,928
Investment (derived)
-€8,178
Investment in fixed assets (net)
-€8,178
Financing
-€129,438
Debts after one year
-€60,118
Current portion of long-term debt
-€920
Contributions, distributions and other
-€68,400
Cash 2025
€318,073
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,196,851 | €1,260,390 | +€63,539 | +5.3% |
| Fixed assets | 21/28 | €1,007,132 | €909,885 | -€97,247 | -9.7% |
| Intangible fixed assets | 21 | €4,077 | €2,875 | -€1,202 | -29.5% |
| Tangible fixed assets | 22/27 | €1,002,284 | €906,239 | -€96,045 | -9.6% |
| Land and buildings | 22 | €974,760 | €882,747 | -€92,013 | -9.4% |
| Plant, machinery and equipment | 23 | €23,968 | €14,867 | -€9,101 | -38.0% |
| Furniture and vehicles | 24 | €3,556 | €8,626 | +€5,070 | +143% |
| Financial fixed assets | 28 | €771 | €771 | = | 0.0% |
| Current assets | 29/58 | €189,719 | €350,505 | +€160,786 | +84.7% |
| Stocks and contracts in progress | 3 | €17,563 | €24,342 | +€6,779 | +38.6% |
| Stocks | 30/36 | €17,563 | €24,342 | +€6,779 | +38.6% |
| Amounts receivable within one year | 40/41 | €226 | €3,328 | +€3,102 | +1,370% |
| Trade receivables | 40 | €226 | €3,328 | +€3,102 | +1,370% |
| Cash at bank and in hand | 54/58 | €165,145 | €318,073 | +€152,929 | +92.6% |
| Deferred charges and accrued income | 490/1 | €6,785 | €4,762 | -€2,023 | -29.8% |
| Total equity and liabilities | 10/49 | €1,196,851 | €1,260,390 | +€63,539 | +5.3% |
| Equity | 10/15 | €605,853 | €679,061 | +€73,207 | +12.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €585,217 | €658,424 | +€73,207 | +12.5% |
| Distributable reserves | 133 | €585,217 | €658,424 | +€73,207 | +12.5% |
| Profit (loss) carried forward | 14 | €8,237 | €8,237 | = | 0.0% |
| Amounts payable | 17/49 | €590,998 | €581,330 | -€9,668 | -1.6% |
| Amounts payable after more than one year | 17 | €497,972 | €437,853 | -€60,118 | -12.1% |
| Financial debts | 170/4 | €497,972 | €437,853 | -€60,118 | -12.1% |
| Amounts payable within one year | 42/48 | €93,026 | €143,476 | +€50,450 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €61,038 | €60,118 | -€920 | -1.5% |
| Trade debts | 44 | €4,686 | €4,905 | +€219 | +4.7% |
| Suppliers | 440/4 | €4,686 | €4,905 | +€219 | +4.7% |
| Taxes, remuneration and social security | 45 | €10,527 | €22,750 | +€12,223 | +116% |
| Taxes | 450/3 | €1,721 | €11,345 | +€9,624 | +559% |
| Remuneration and social security | 454/9 | €8,806 | €11,405 | +€2,599 | +29.5% |
| Other amounts payable | 47/48 | €16,775 | €55,703 | +€38,928 | +232% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €25,200 | +€25,200 | |
| Remuneration, social security and pensions | 62 | €67,618 | €86,734 | +€19,115 | +28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,235 | €105,425 | -€4,810 | -4.4% |
| Other operating charges | 640/8 | €2,182 | €3,361 | +€1,179 | +54.0% |
| Gross operating margin | 9900 | €352,211 | €413,233 | +€61,022 | +17.3% |
| Operating profit (loss) | 9901 | €172,176 | €217,714 | +€45,538 | +26.4% |
| Financial income | 75/76B | €593 | €18 | -€575 | -97.0% |
| Recurring financial income | 75 | €593 | €18 | -€575 | -97.0% |
| Financial charges | 65/66B | €14,955 | €15,613 | +€659 | +4.4% |
| Recurring financial charges | 65 | €14,955 | €15,613 | +€659 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €157,815 | €202,119 | +€44,304 | +28.1% |
| Income taxes | 67/77 | €46,439 | €60,511 | +€14,073 | +30.3% |
| Profit (loss) for the period | 9904 | €111,376 | €141,607 | +€30,231 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €111,376 | €141,607 | +€30,231 | +27.1% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.