Dr. A. Demeyere: what changed
Two financial 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
Dr. A. Demeyere
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€190,618
2024 · €225,605-€34,987
Equity
€3.8m
2024 · €3.6m+€190,618
Cash
€217,824
2024 · €203,613+€14,211
Balance sheet total
€4.0m
2024 · €4.0m+€21,004
Largest movements
Assets
- Receivables after one year +€450,000
new in 2025: €450,000
- Receivables within one year -€355,697
down €355,697 (-89.9%), from €395,775 to €40,078
of which Other amounts receivable: -€355,697
- Current investments -€57,873
down €57,873 (-2.1%), from €2.8m to €2.7m
Equity and liabilities
- Reserves +€190,618
up €190,618 (+5.3%), from €3.6m to €3.8m
- Other debts -€164,500
down €164,500 (-100%), from €164,500 to €0
Income statement
- Gross operating margin +€188,951
up €188,951 (+66.0%), from €286,418 to €475,368
- Write-downs +€170,000
new in 2025: €170,000
- Financial income -€64,575
down €64,575 (-84.6%), from €76,323 to €11,747
- Taxes -€15,204
down €15,204 (-15.2%), from €100,003 to €84,799
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
€225,605
Gross operating margin
+€188,951
Depreciation
-€1,469
Write-downs
-€170,000
Other operating charges
-€90
Financial income
-€64,575
Financial charges
-€3,007
Taxes
+€15,204
Result 2025
€190,618
raises the resultlowers the result
Derived cash bridge
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
-€13,366
Investment
+€50,474
Financing
-€22,897
Cash 2024
€203,613
From operations (derived)
-€13,366
Net result for the year
+€190,618
Depreciation
+€31,844
Receivables after one year
-€450,000
Receivables within one year
+€355,697
Deferred charges and accrued income
+€5,193
Trade debts
-€5,611
Tax, wage and social debts
+€23,395
Other debts
-€164,500
Investment (derived)
+€50,474
Investment in fixed assets (net)
-€7,399
Current investments
+€57,873
Financing
-€22,897
Debts after one year
-€11,284
Short-term financial debts
-€11,614
Cash 2025
€217,824
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,951,918 | €3,972,922 | +€21,004 | +0.5% |
| Fixed assets | 21/28 | €539,134 | €514,689 | -€24,444 | -4.5% |
| Tangible fixed assets | 22/27 | €539,134 | €514,689 | -€24,444 | -4.5% |
| Land and buildings | 22 | €531,629 | €503,399 | -€28,230 | -5.3% |
| Plant, machinery and equipment | 23 | €3,205 | €8,644 | +€5,440 | +170% |
| Furniture and vehicles | 24 | €4,300 | €2,646 | -€1,654 | -38.5% |
| Current assets | 29/58 | €3,412,784 | €3,458,233 | +€45,449 | +1.3% |
| Amounts receivable after more than one year | 29 | - | €450,000 | +€450,000 | |
| Other amounts receivable | 291 | - | €450,000 | +€450,000 | |
| Amounts receivable within one year | 40/41 | €395,775 | €40,078 | -€355,697 | -89.9% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €395,775 | €40,078 | -€355,697 | -89.9% |
| Current investments | 50/53 | €2,799,065 | €2,741,192 | -€57,873 | -2.1% |
| Cash at bank and in hand | 54/58 | €203,613 | €217,824 | +€14,211 | +7.0% |
| Deferred charges and accrued income | 490/1 | €14,331 | €9,139 | -€5,193 | -36.2% |
| Total equity and liabilities | 10/49 | €3,951,918 | €3,972,922 | +€21,004 | +0.5% |
| Equity | 10/15 | €3,626,412 | €3,817,030 | +€190,618 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,607,812 | €3,798,430 | +€190,618 | +5.3% |
| Distributable reserves | 133 | €3,607,812 | €3,798,430 | +€190,618 | +5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €325,505 | €155,892 | -€169,613 | -52.1% |
| Amounts payable after more than one year | 17 | €23,878 | €12,595 | -€11,284 | -47.3% |
| Financial debts | 170/4 | €23,878 | €12,595 | -€11,284 | -47.3% |
| Amounts payable within one year | 42/48 | €301,627 | €143,298 | -€158,330 | -52.5% |
| Financial debts | 43 | €22,897 | €11,284 | -€11,614 | -50.7% |
| Credit institutions | 430/8 | €22,897 | €11,284 | -€11,614 | -50.7% |
| Trade debts | 44 | €11,896 | €6,286 | -€5,611 | -47.2% |
| Suppliers | 440/4 | €11,896 | €6,286 | -€5,611 | -47.2% |
| Taxes, remuneration and social security | 45 | €102,333 | €125,728 | +€23,395 | +22.9% |
| Taxes | 450/3 | €102,333 | €125,728 | +€23,395 | +22.9% |
| Other amounts payable | 47/48 | €164,500 | €0 | -€164,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,375 | €31,844 | +€1,469 | +4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €170,000 | +€170,000 | |
| Other operating charges | 640/8 | €3,251 | €3,341 | +€90 | +2.8% |
| Gross operating margin | 9900 | €286,418 | €475,368 | +€188,951 | +66.0% |
| Operating profit (loss) | 9901 | €252,792 | €270,184 | +€17,392 | +6.9% |
| Financial income | 75/76B | €76,323 | €11,747 | -€64,575 | -84.6% |
| Recurring financial income | 75 | €76,323 | €11,747 | -€64,575 | -84.6% |
| Financial charges | 65/66B | €3,508 | €6,515 | +€3,007 | +85.7% |
| Recurring financial charges | 65 | €3,508 | €6,515 | +€3,007 | +85.7% |
| Profit (loss) for the period before taxes | 9903 | €325,607 | €275,416 | -€50,191 | -15.4% |
| Income taxes | 67/77 | €100,003 | €84,799 | -€15,204 | -15.2% |
| Profit (loss) for the period | 9904 | €225,605 | €190,618 | -€34,987 | -15.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €225,605 | €190,618 | -€34,987 | -15.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.