Dr. Bram Keunen: what changed
What changed
Dr. Bram Keunen
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€190,384
2024 · €91,419+€98,964
Equity
€5,000
2024 · €165,949-€160,949
Cash
€79,270
2024 · €40,655+€38,615
Balance sheet total
€224,561
2024 · €199,065+€25,497
Largest movements
Assets
- Receivables within one year -€56,564
down €56,564 (-100%), from €56,564 to €0
- Cash +€38,615
up €38,615 (+95.0%), from €40,655 to €79,270
mainly Net result for the year (+€190,384) and Other debts (+€181,113)
- Deferred charges and accrued income +€23,886
up €23,886 (+30.8%), from €77,535 to €101,421
- Current investments +€20,085
up €20,085 (+100%), from €20,000 to €40,085
Equity and liabilities
- Other debts +€181,113
up €181,113, from €0 to €181,113
- Reserves -€160,949
down €160,949 (-100%), from €160,949 to €0
- Tax, wage and social debts +€4,654
up €4,654 (+14.5%), from €32,027 to €36,681
of which Taxes: +€4,504
Income statement
- Gross operating margin +€140,970
up €140,970 (+117%), from €120,813 to €261,783
- Taxes +€41,255
up €41,255 (+164%), from €25,172 to €66,427
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
€91,419
Gross operating margin
+€140,970
Depreciation
-€814
Other operating charges
+€418
Financial income
-€1,480
Financial charges
+€1,125
Taxes
-€41,255
Result 2025
€190,384
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
+€411,750
Investment
-€21,564
Financing
-€351,571
Cash 2024
€40,655
From operations (derived)
+€411,750
Net result for the year
+€190,384
Depreciation
+€2,005
Receivables within one year
+€56,564
Deferred charges and accrued income
-€23,886
Trade debts
+€916
Tax, wage and social debts
+€4,654
Other debts
+€181,113
Investment (derived)
-€21,564
Investment in fixed assets (net)
-€1,479
Current investments
-€20,085
Financing
-€351,571
Short-term financial debts
-€238
Contributions, distributions and other
-€351,332
Cash 2025
€79,270
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €199,065 | €224,561 | +€25,497 | +12.8% |
| Fixed assets | 21/28 | €4,311 | €3,785 | -€526 | -12.2% |
| Tangible fixed assets | 22/27 | €4,311 | €3,785 | -€526 | -12.2% |
| Furniture and vehicles | 24 | €4,311 | €3,785 | -€526 | -12.2% |
| Current assets | 29/58 | €194,754 | €220,776 | +€26,022 | +13.4% |
| Amounts receivable within one year | 40/41 | €56,564 | €0 | -€56,564 | -100% |
| Other amounts receivable | 41 | €56,564 | €0 | -€56,564 | -100% |
| Current investments | 50/53 | €20,000 | €40,085 | +€20,085 | +100% |
| Cash at bank and in hand | 54/58 | €40,655 | €79,270 | +€38,615 | +95.0% |
| Deferred charges and accrued income | 490/1 | €77,535 | €101,421 | +€23,886 | +30.8% |
| Total equity and liabilities | 10/49 | €199,065 | €224,561 | +€25,497 | +12.8% |
| Equity | 10/15 | €165,949 | €5,000 | -€160,949 | -97.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €160,949 | €0 | -€160,949 | -100% |
| Distributable reserves | 133 | €160,949 | €0 | -€160,949 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €33,116 | €219,561 | +€186,445 | +563% |
| Amounts payable within one year | 42/48 | €33,116 | €219,561 | +€186,445 | +563% |
| Financial debts | 43 | €238 | €0 | -€238 | -100% |
| Other loans | 439 | €238 | €0 | -€238 | -100% |
| Trade debts | 44 | €850 | €1,767 | +€916 | +108% |
| Suppliers | 440/4 | €850 | €1,767 | +€916 | +108% |
| Taxes, remuneration and social security | 45 | €32,027 | €36,681 | +€4,654 | +14.5% |
| Taxes | 450/3 | €30,027 | €34,531 | +€4,504 | +15.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,150 | +€150 | +7.5% |
| Other amounts payable | 47/48 | €0 | €181,113 | +€181,113 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,190 | €2,005 | +€814 | +68.4% |
| Other operating charges | 640/8 | €1,567 | €1,149 | -€418 | -26.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €120,813 | €261,783 | +€140,970 | +117% |
| Operating profit (loss) | 9901 | €118,056 | €258,629 | +€140,574 | +119% |
| Financial income | 75/76B | €1,623 | €143 | -€1,480 | -91.2% |
| Recurring financial income | 75 | €1,623 | €143 | -€1,480 | -91.2% |
| Financial charges | 65/66B | €3,087 | €1,962 | -€1,125 | -36.5% |
| Recurring financial charges | 65 | €3,087 | €1,962 | -€1,125 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €116,591 | €256,811 | +€140,219 | +120% |
| Income taxes | 67/77 | €25,172 | €66,427 | +€41,255 | +164% |
| Profit (loss) for the period | 9904 | €91,419 | €190,384 | +€98,964 | +108% |
| Profit (loss) for the period to be appropriated | 9905 | €91,419 | €190,384 | +€98,964 | +108% |
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.