DOKTER SAERENS TREES: what changed
What changed
DOKTER SAERENS TREES
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€210,223
2024 · €223,072-€12,849
Equity
€1.4m
2024 · €1.2m+€206,512
Cash
€150,094
2024 · €221,908-€71,814
Balance sheet total
€1.6m
2024 · €1.4m+€238,441
Largest movements
Assets
- Receivables within one year +€219,773
up €219,773 (+152%), from €144,824 to €364,598
of which Other amounts receivable: +€221,748
- Current investments +€161,057
up €161,057 (+86.3%), from €186,567 to €347,625
- Cash -€71,814
down €71,814 (-32.4%), from €221,908 to €150,094
mainly Receivables within one year (-€219,773) and Current investments (-€161,057)
- Deferred charges and accrued income -€40,286
down €40,286 (-22.6%), from €178,578 to €138,292
- Tangible fixed assets -€30,290
down €30,290 (-25.6%), from €118,411 to €88,121
of which Furniture and vehicles: -€26,509
Equity and liabilities
- Reserves +€206,512
up €206,512 (+17.0%), from €1.2m to €1.4m
of which Distributable reserves: +€206,512
- Current portion of long-term debt +€30,420
up €30,420 (+106%), from €28,652 to €59,072
- Trade debts +€22,734
up €22,734 (+143%), from €15,954 to €38,688
Income statement
- Staff costs +€22,002
new in 2025: €22,002
- Gross operating margin +€8,615
up €8,615 (+2.6%), from €334,448 to €343,062
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
€223,072
Gross operating margin
+€8,615
Staff costs
-€22,002
Depreciation
+€362
Other operating charges
+€391
Financial income
+€656
Financial charges
+€673
Taxes
-€1,545
Result 2025
€210,223
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
+€74,940
Investment
-€161,057
Financing
+€14,303
Cash 2024
€221,908
From operations (derived)
+€74,940
Net result for the year
+€210,223
Depreciation
+€30,290
Receivables within one year
-€219,773
Deferred charges and accrued income
+€40,286
Trade debts
+€22,734
Tax, wage and social debts
-€12,527
Other debts
+€3,711
Accrued charges and deferred income
-€4
Investment (derived)
-€161,057
Current investments
-€161,057
Financing
+€14,303
Debts after one year
-€12,405
Current portion of long-term debt
+€30,420
Contributions, distributions and other
-€3,711
Cash 2025
€150,094
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,350,289 | €1,588,730 | +€238,441 | +17.7% |
| Fixed assets | 21/28 | €118,411 | €88,121 | -€30,290 | -25.6% |
| Tangible fixed assets | 22/27 | €118,411 | €88,121 | -€30,290 | -25.6% |
| Land and buildings | 22 | €12,646 | €12,013 | -€633 | -5.0% |
| Plant, machinery and equipment | 23 | €10,085 | €6,937 | -€3,148 | -31.2% |
| Furniture and vehicles | 24 | €73,680 | €47,171 | -€26,509 | -36.0% |
| Other tangible fixed assets | 26 | €22,000 | €22,000 | = | 0.0% |
| Current assets | 29/58 | €1,231,878 | €1,500,608 | +€268,731 | +21.8% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,824 | €364,598 | +€219,773 | +152% |
| Trade receivables | 40 | €1,974 | - | -€1,974 | |
| Other amounts receivable | 41 | €142,850 | €364,598 | +€221,748 | +155% |
| Current investments | 50/53 | €186,567 | €347,625 | +€161,057 | +86.3% |
| Cash at bank and in hand | 54/58 | €221,908 | €150,094 | -€71,814 | -32.4% |
| Deferred charges and accrued income | 490/1 | €178,578 | €138,292 | -€40,286 | -22.6% |
| Total equity and liabilities | 10/49 | €1,350,289 | €1,588,730 | +€238,441 | +17.7% |
| Equity | 10/15 | €1,218,247 | €1,424,759 | +€206,512 | +17.0% |
| Reserves | 13 | €1,217,980 | €1,424,492 | +€206,512 | +17.0% |
| Tax-exempt reserves | 132 | €315,380 | €315,380 | = | 0.0% |
| Distributable reserves | 133 | €902,600 | €1,109,112 | +€206,512 | +22.9% |
| Profit (loss) carried forward | 14 | €267 | €267 | +€0 | 0.0% |
| Amounts payable | 17/49 | €132,042 | €163,970 | +€31,929 | +24.2% |
| Amounts payable after more than one year | 17 | €25,245 | €12,840 | -€12,405 | -49.1% |
| Financial debts | 170/4 | €25,245 | €12,840 | -€12,405 | -49.1% |
| Amounts payable within one year | 42/48 | €106,792 | €151,131 | +€44,338 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €28,652 | €59,072 | +€30,420 | +106% |
| Trade debts | 44 | €15,954 | €38,688 | +€22,734 | +143% |
| Suppliers | 440/4 | €15,954 | €38,688 | +€22,734 | +143% |
| Taxes, remuneration and social security | 45 | €36,150 | €23,624 | -€12,527 | -34.7% |
| Taxes | 450/3 | €36,150 | €23,624 | -€12,527 | -34.7% |
| Other amounts payable | 47/48 | €26,036 | €29,747 | +€3,711 | +14.3% |
| Accrued charges and deferred income | 492/3 | €4 | - | -€4 | |
| Remuneration, social security and pensions | 62 | - | €22,002 | +€22,002 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,652 | €30,290 | -€362 | -1.2% |
| Other operating charges | 640/8 | €1,844 | €1,453 | -€391 | -21.2% |
| Gross operating margin | 9900 | €334,448 | €343,062 | +€8,615 | +2.6% |
| Operating profit (loss) | 9901 | €301,951 | €289,318 | -€12,634 | -4.2% |
| Financial income | 75/76B | €29,503 | €30,159 | +€656 | +2.2% |
| Recurring financial income | 75 | €29,503 | €30,159 | +€656 | +2.2% |
| Financial charges | 65/66B | €4,194 | €3,521 | -€673 | -16.1% |
| Recurring financial charges | 65 | €4,194 | €3,521 | -€673 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €327,260 | €315,956 | -€11,304 | -3.5% |
| Income taxes | 67/77 | €104,188 | €105,733 | +€1,545 | +1.5% |
| Profit (loss) for the period | 9904 | €223,072 | €210,223 | -€12,849 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €223,072 | €210,223 | -€12,849 | -5.8% |
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 2 November 2026 via checked.be.