DOKTER D. VERHULST: what changed
What changed
DOKTER D. VERHULST
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€105,552
2024 · €512,114-€406,562
Equity
€1.4m
2024 · €1.3m+€90,552
Cash
€293,398
2024 · €290,026+€3,371
Balance sheet total
€1.6m
2024 · €1.6m-€721
Largest movements
Assets
- Receivables after one year +€400,000
new in 2025: €400,000
- Receivables within one year -€386,098
down €386,098 (-69.2%), from €558,253 to €172,155
of which Other amounts receivable: -€344,591
Equity and liabilities
- Reserves +€100,000
up €100,000 (+12.2%), from €816,729 to €916,729
of which Distributable reserves: +€100,000
- Trade debts -€58,120
no longer reported in 2025 (was €58,120)
- Accrued charges and deferred income +€52,480
new in 2025: €52,480
- Provisions -€48,000
down €48,000 (-18.7%), from €256,730 to €208,730
of which Provisions for liabilities and charges: -€48,000
- Other debts -€30,697
down €30,697 (-69.5%), from €44,182 to €13,484
Income statement
- Gross operating margin -€524,687
down €524,687 (-72.9%), from €720,196 to €195,509
- Other operating charges -€66,312
down €66,312 (-90.8%), from €73,065 to €6,753
- Depreciation +€28,295
up €28,295 (+213%), from €13,269 to €41,564
- Taxes +€18,608
up €18,608 (+51.6%), from €36,033 to €54,641
- Financial charges -€8,701
down €8,701 (-89.7%), from €9,702 to €1,001
of which Non-recurring financial charges: -€4,500
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
€512,114
Gross operating margin
-€524,687
Depreciation
-€28,295
Other operating charges
+€66,312
Financial income
-€5,996
Financial charges
+€8,701
Taxes
-€18,608
Deferred taxes and other
+€96,011
Result 2025
€105,552
raises the resultlowers the resultnot broken down further in the accounts
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
+€47,855
Investment
-€29,484
Financing
-€15,000
Cash 2024
€290,026
From operations (derived)
+€47,855
Net result for the year
+€105,552
Depreciation
+€41,564
Receivables after one year
-€400,000
Receivables within one year
+€386,098
Deferred charges and accrued income
+€5,914
Provisions
-€48,000
Trade debts
-€58,120
Tax, wage and social debts
-€6,935
Other debts
-€30,697
Accrued charges and deferred income
+€52,480
Investment (derived)
-€29,484
Investment in fixed assets (net)
-€29,484
Financing
-€15,000
Contributions, distributions and other
-€15,000
Cash 2025
€293,398
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,644,459 | €1,643,738 | -€721 | 0.0% |
| Fixed assets | 21/28 | €690,266 | €678,185 | -€12,081 | -1.8% |
| Tangible fixed assets | 22/27 | €687,541 | €675,460 | -€12,081 | -1.8% |
| Land and buildings | 22 | €680,945 | €670,310 | -€10,635 | -1.6% |
| Plant, machinery and equipment | 23 | €310 | - | -€310 | |
| Furniture and vehicles | 24 | €1,136 | - | -€1,136 | |
| Other tangible fixed assets | 26 | €5,150 | €5,150 | = | 0.0% |
| Financial fixed assets | 28 | €2,725 | €2,725 | = | 0.0% |
| Current assets | 29/58 | €954,193 | €965,553 | +€11,360 | +1.2% |
| Amounts receivable after more than one year | 29 | - | €400,000 | +€400,000 | |
| Other amounts receivable | 291 | - | €400,000 | +€400,000 | |
| Amounts receivable within one year | 40/41 | €558,253 | €172,155 | -€386,098 | -69.2% |
| Trade receivables | 40 | €78,608 | €37,102 | -€41,507 | -52.8% |
| Other amounts receivable | 41 | €479,645 | €135,054 | -€344,591 | -71.8% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €290,026 | €293,398 | +€3,371 | +1.2% |
| Deferred charges and accrued income | 490/1 | €5,914 | - | -€5,914 | |
| Total equity and liabilities | 10/49 | €1,644,459 | €1,643,738 | -€721 | 0.0% |
| Equity | 10/15 | €1,278,493 | €1,369,044 | +€90,552 | +7.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €816,729 | €916,729 | +€100,000 | +12.2% |
| Non-distributable reserves | 130/1 | €1,240 | €1,240 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,240 | €1,240 | = | 0.0% |
| Tax-exempt reserves | 132 | €447,875 | €447,875 | = | 0.0% |
| Distributable reserves | 133 | €367,614 | €467,614 | +€100,000 | +27.2% |
| Profit (loss) carried forward | 14 | €449,364 | €439,915 | -€9,448 | -2.1% |
| Provisions and deferred taxes | 16 | €256,730 | €208,730 | -€48,000 | -18.7% |
| Provisions for liabilities and charges | 160/5 | €138,500 | €90,500 | -€48,000 | -34.7% |
| Pensions and similar obligations | 160 | €138,500 | €90,500 | -€48,000 | -34.7% |
| Deferred taxes | 168 | €118,230 | €118,230 | = | 0.0% |
| Amounts payable | 17/49 | €109,237 | €65,964 | -€43,273 | -39.6% |
| Amounts payable within one year | 42/48 | €109,237 | €13,484 | -€95,752 | -87.7% |
| Trade debts | 44 | €58,120 | - | -€58,120 | |
| Suppliers | 440/4 | €58,120 | - | -€58,120 | |
| Taxes, remuneration and social security | 45 | €6,935 | - | -€6,935 | |
| Taxes | 450/3 | €6,935 | - | -€6,935 | |
| Other amounts payable | 47/48 | €44,182 | €13,484 | -€30,697 | -69.5% |
| Accrued charges and deferred income | 492/3 | - | €52,480 | +€52,480 | |
| Non-recurring operating income | 76A | €472,918 | - | -€472,918 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,269 | €41,564 | +€28,295 | +213% |
| Other operating charges | 640/8 | €73,065 | €6,753 | -€66,312 | -90.8% |
| Gross operating margin | 9900 | €720,196 | €195,509 | -€524,687 | -72.9% |
| Operating profit (loss) | 9901 | €633,863 | €147,192 | -€486,671 | -76.8% |
| Financial income | 75/76B | €19,998 | €14,002 | -€5,996 | -30.0% |
| Recurring financial income | 75 | €19,998 | €14,002 | -€5,996 | -30.0% |
| Financial charges | 65/66B | €9,702 | €1,001 | -€8,701 | -89.7% |
| Recurring financial charges | 65 | €5,202 | €1,001 | -€4,201 | -80.8% |
| Non-recurring financial charges | 66B | €4,500 | - | -€4,500 | |
| Profit (loss) for the period before taxes | 9903 | €644,158 | €160,193 | -€483,965 | -75.1% |
| Transfer from deferred taxes | 780 | €22,219 | - | -€22,219 | |
| Transfer to deferred taxes | 680 | €118,230 | - | -€118,230 | |
| Income taxes | 67/77 | €36,033 | €54,641 | +€18,608 | +51.6% |
| Profit (loss) for the period | 9904 | €512,114 | €105,552 | -€406,562 | -79.4% |
| Transfer from tax-exempt reserves | 789 | €52,251 | - | -€52,251 | |
| Transfer to tax-exempt reserves | 689 | €354,689 | - | -€354,689 | |
| Profit (loss) for the period to be appropriated | 9905 | €209,676 | €105,552 | -€104,124 | -49.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.