Dr.Bob MARTH: what changed
What changed
Dr.Bob MARTH
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€124,959
2024 · €117,970+€6,989
Equity
€693,343
2024 · €620,339+€73,004
Cash
€226,146
2024 · €175,663+€50,483
Balance sheet total
€987,197
2024 · €913,301+€73,895
Largest movements
Assets
- Cash +€50,483
up €50,483 (+28.7%), from €175,663 to €226,146
mainly Net result for the year (+€124,959) and Depreciation (+€39,991)
- Current investments +€29,090
up €29,090 (+35.5%), from €81,891 to €110,982
- Deferred charges and accrued income -€19,324
down €19,324 (-32.8%), from €58,995 to €39,671
- Tangible fixed assets +€9,979
up €9,979 (+1.9%), from €536,313 to €546,292
of which Furniture and vehicles: +€13,094
Equity and liabilities
- Reserves +€73,004
up €73,004 (+12.9%), from €567,339 to €640,343
of which Distributable reserves: +€73,004
- Debts after one year -€31,575
down €31,575 (-12.2%), from €259,807 to €228,232
- Short-term financial debts +€27,602
new in 2025: €27,602
Income statement
- Financial income +€4,999
up €4,999 (+445%), from €1,124 to €6,123
- Gross operating margin +€4,370
up €4,370 (+1.9%), from €224,245 to €228,616
- Taxes +€2,627
up €2,627 (+5.1%), from €51,403 to €54,030
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
€117,970
Gross operating margin
+€4,370
Depreciation
-€1,781
Other operating charges
-€159
Financial income
+€4,999
Financial charges
+€2,187
Taxes
-€2,627
Result 2025
€124,959
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
+€184,251
Investment
-€79,061
Financing
-€54,707
Cash 2024
€175,663
From operations (derived)
+€184,251
Net result for the year
+€124,959
Depreciation
+€39,991
Receivables within one year
-€3,667
Deferred charges and accrued income
+€19,324
Trade debts
+€3,601
Smaller working-capital items
+€42
Investment (derived)
-€79,061
Investment in fixed assets (net)
-€49,971
Current investments
-€29,090
Financing
-€54,707
Debts after one year
-€31,575
Current portion of long-term debt
+€1,221
Short-term financial debts
+€27,602
Contributions, distributions and other
-€51,955
Cash 2025
€226,146
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €913,301 | €987,197 | +€73,895 | +8.1% |
| Fixed assets | 21/28 | €536,563 | €546,542 | +€9,979 | +1.9% |
| Tangible fixed assets | 22/27 | €536,313 | €546,292 | +€9,979 | +1.9% |
| Land and buildings | 22 | €535,407 | €527,641 | -€7,766 | -1.5% |
| Plant, machinery and equipment | 23 | - | €4,652 | +€4,652 | |
| Furniture and vehicles | 24 | €906 | €14,000 | +€13,094 | +1,445% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €376,738 | €440,654 | +€63,916 | +17.0% |
| Amounts receivable within one year | 40/41 | €60,189 | €63,856 | +€3,667 | +6.1% |
| Trade receivables | 40 | - | €3,924 | +€3,924 | |
| Other amounts receivable | 41 | €60,189 | €59,932 | -€257 | -0.4% |
| Current investments | 50/53 | €81,891 | €110,982 | +€29,090 | +35.5% |
| Cash at bank and in hand | 54/58 | €175,663 | €226,146 | +€50,483 | +28.7% |
| Deferred charges and accrued income | 490/1 | €58,995 | €39,671 | -€19,324 | -32.8% |
| Total equity and liabilities | 10/49 | €913,301 | €987,197 | +€73,895 | +8.1% |
| Equity | 10/15 | €620,339 | €693,343 | +€73,004 | +11.8% |
| Contributions | 10/11 | €53,000 | €53,000 | = | 0.0% |
| Reserves | 13 | €567,339 | €640,343 | +€73,004 | +12.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €567,339 | €640,343 | +€73,004 | +12.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €292,962 | €293,854 | +€891 | +0.3% |
| Amounts payable after more than one year | 17 | €259,807 | €228,232 | -€31,575 | -12.2% |
| Financial debts | 170/4 | €259,807 | €228,232 | -€31,575 | -12.2% |
| Amounts payable within one year | 42/48 | €33,098 | €65,622 | +€32,524 | +98.3% |
| Current portion of amounts payable after more than one year | 42 | €30,354 | €31,575 | +€1,221 | +4.0% |
| Financial debts | 43 | - | €27,602 | +€27,602 | |
| Credit institutions | 430/8 | - | €27,602 | +€27,602 | |
| Trade debts | 44 | €227 | €3,828 | +€3,601 | +1,586% |
| Suppliers | 440/4 | €227 | €3,828 | +€3,601 | +1,586% |
| Taxes, remuneration and social security | 45 | €2,517 | €2,617 | +€100 | +4.0% |
| Taxes | 450/3 | €2,517 | €2,617 | +€100 | +4.0% |
| Accrued charges and deferred income | 492/3 | €58 | €0 | -€58 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,210 | €39,991 | +€1,781 | +4.7% |
| Other operating charges | 640/8 | €2,667 | €2,826 | +€159 | +6.0% |
| Gross operating margin | 9900 | €224,245 | €228,616 | +€4,370 | +1.9% |
| Operating profit (loss) | 9901 | €183,368 | €185,798 | +€2,430 | +1.3% |
| Financial income | 75/76B | €1,124 | €6,123 | +€4,999 | +445% |
| Recurring financial income | 75 | €1,124 | €6,123 | +€4,999 | +445% |
| Financial charges | 65/66B | €15,120 | €12,933 | -€2,187 | -14.5% |
| Recurring financial charges | 65 | €15,120 | €12,933 | -€2,187 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €169,373 | €178,989 | +€9,616 | +5.7% |
| Income taxes | 67/77 | €51,403 | €54,030 | +€2,627 | +5.1% |
| Profit (loss) for the period | 9904 | €117,970 | €124,959 | +€6,989 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,970 | €124,959 | +€6,989 | +5.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.