Docteurs Mitu-Macovei: what changed
What changed
Docteurs Mitu-Macovei
filed annual accounts (NBB)
Net result for the year
€239,271
2024 · €217,537+€21,735
Equity
€231,203
2024 · €448,806-€217,603
Cash
€197,635
2024 · €404,804-€207,169
Balance sheet total
€667,312
2024 · €727,362-€60,050
Largest movements
Assets
- Cash -€207,169
down €207,169 (-51.2%), from €404,804 to €197,635
mainly Contributions, distributions and other (-€456,874) and Current investments (-€160,385)
- Current investments +€160,385
new in 2025: €160,385
- Tangible fixed assets -€24,350
down €24,350 (-13.1%), from €186,343 to €161,992
of which Furniture and vehicles: -€13,327
- Deferred charges and accrued income +€11,439
up €11,439 (+12.0%), from €95,015 to €106,454
- Intangible fixed assets -€10,000
down €10,000 (-24.4%), from €41,014 to €31,014
Equity and liabilities
- Reserves -€217,600
down €217,600 (-50.6%), from €430,203 to €212,603
- Other debts +€149,594
up €149,594 (+167%), from €89,680 to €239,274
- Tax, wage and social debts +€20,683
up €20,683 (+62.1%), from €33,291 to €53,974
of which Taxes: +€26,040
- Debts after one year -€9,126
down €9,126 (-6.6%), from €138,462 to €129,335
Income statement
- Gross operating margin +€31,183
up €31,183 (+9.3%), from €336,031 to €367,214
- Taxes +€7,612
up €7,612 (+10.6%), from €71,881 to €79,493
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
€217,537
Gross operating margin
+€31,183
Depreciation
-€191
Other operating charges
-€1,667
Financial income
+€322
Financial charges
-€301
Taxes
-€7,612
Result 2025
€239,271
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
+€429,158
Investment
-€165,977
Financing
-€470,349
Cash 2024
€404,804
From operations (derived)
+€429,158
Net result for the year
+€239,271
Depreciation
+€38,942
Receivables within one year
-€8,645
Deferred charges and accrued income
-€11,439
Smaller working-capital items
+€750
Tax, wage and social debts
+€20,683
Other debts
+€149,594
Investment (derived)
-€165,977
Investment in fixed assets (net)
-€5,592
Current investments
-€160,385
Financing
-€470,349
Debts after one year
-€9,126
Current portion of long-term debt
-€4,349
Contributions, distributions and other
-€456,874
Cash 2025
€197,635
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €727,362 | €667,312 | -€60,050 | -8.3% |
| Fixed assets | 21/28 | €227,543 | €194,193 | -€33,350 | -14.7% |
| Intangible fixed assets | 21 | €41,014 | €31,014 | -€10,000 | -24.4% |
| Tangible fixed assets | 22/27 | €186,343 | €161,992 | -€24,350 | -13.1% |
| Land and buildings | 22 | €153,094 | €143,670 | -€9,424 | -6.2% |
| Furniture and vehicles | 24 | €22,947 | €9,620 | -€13,327 | -58.1% |
| Other tangible fixed assets | 26 | €10,302 | €8,702 | -€1,599 | -15.5% |
| Financial fixed assets | 28 | €187 | €1,187 | +€1,000 | +534% |
| Current assets | 29/58 | €499,819 | €473,119 | -€26,700 | -5.3% |
| Amounts receivable within one year | 40/41 | - | €8,645 | +€8,645 | |
| Other amounts receivable | 41 | - | €8,645 | +€8,645 | |
| Current investments | 50/53 | - | €160,385 | +€160,385 | |
| Cash at bank and in hand | 54/58 | €404,804 | €197,635 | -€207,169 | -51.2% |
| Deferred charges and accrued income | 490/1 | €95,015 | €106,454 | +€11,439 | +12.0% |
| Total equity and liabilities | 10/49 | €727,362 | €667,312 | -€60,050 | -8.3% |
| Equity | 10/15 | €448,806 | €231,203 | -€217,603 | -48.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €430,203 | €212,603 | -€217,600 | -50.6% |
| Distributable reserves | 133 | €430,203 | €212,603 | -€217,600 | -50.6% |
| Profit (loss) carried forward | 14 | €3 | €0 | -€3 | -100% |
| Amounts payable | 17/49 | €278,557 | €436,109 | +€157,552 | +56.6% |
| Amounts payable after more than one year | 17 | €138,462 | €129,335 | -€9,126 | -6.6% |
| Financial debts | 170/4 | €138,462 | €129,335 | -€9,126 | -6.6% |
| Amounts payable within one year | 42/48 | €139,870 | €306,773 | +€166,904 | +119% |
| Current portion of amounts payable after more than one year | 42 | €13,475 | €9,126 | -€4,349 | -32.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,423 | €4,399 | +€975 | +28.5% |
| Suppliers | 440/4 | €3,423 | €4,399 | +€975 | +28.5% |
| Taxes, remuneration and social security | 45 | €33,291 | €53,974 | +€20,683 | +62.1% |
| Taxes | 450/3 | €27,935 | €53,974 | +€26,040 | +93.2% |
| Remuneration and social security | 454/9 | €5,356 | €0 | -€5,356 | -100% |
| Other amounts payable | 47/48 | €89,680 | €239,274 | +€149,594 | +167% |
| Accrued charges and deferred income | 492/3 | €225 | €0 | -€225 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,751 | €38,942 | +€191 | +0.5% |
| Other operating charges | 640/8 | €1,861 | €3,527 | +€1,667 | +89.6% |
| Gross operating margin | 9900 | €336,031 | €367,214 | +€31,183 | +9.3% |
| Operating profit (loss) | 9901 | €295,419 | €324,744 | +€29,325 | +9.9% |
| Financial income | 75/76B | €7 | €329 | +€322 | +4,649% |
| Recurring financial income | 75 | €7 | €329 | +€322 | +4,649% |
| Financial charges | 65/66B | €6,008 | €6,309 | +€301 | +5.0% |
| Recurring financial charges | 65 | €6,008 | €6,309 | +€301 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €289,418 | €318,764 | +€29,347 | +10.1% |
| Income taxes | 67/77 | €71,881 | €79,493 | +€7,612 | +10.6% |
| Profit (loss) for the period | 9904 | €217,537 | €239,271 | +€21,735 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €217,537 | €239,271 | +€21,735 | +10.0% |
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 7 November 2026 via checked.be.