Dr. COVELIERS: what changed
What changed
Dr. COVELIERS
NACE 86.210, General medical practice
filed annual accounts (NBB)
Net result for the year
€66,480
2024 · €95,945-€29,465
Equity
€2,500
2024 · €326,695-€324,195
Cash
€6,725
2024 · €6,841-€117
Balance sheet total
€77,347
2024 · €333,497-€256,150
Largest movements
Assets
- Current investments -€253,000
down €253,000 (-85.0%), from €297,500 to €44,500
- Tangible fixed assets -€4,866
down €4,866 (-53.2%), from €9,150 to €4,284
Equity and liabilities
- Reserves -€324,195
no longer reported in 2025 (was €324,195)
- Other debts +€66,468
up €66,468 (+2,405%), from €2,764 to €69,232
Income statement
- Gross operating margin -€38,737
down €38,737 (-30.1%), from €128,904 to €90,166
- Taxes -€9,004
down €9,004 (-33.4%), from €26,980 to €17,975
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
€95,945
Gross operating margin
-€38,737
Depreciation
+€194
Other operating charges
-€22
Financial income
+€0
Financial charges
+€96
Taxes
+€9,004
Result 2025
€66,480
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
+€137,557
Investment
+€253,000
Financing
-€390,674
Cash 2024
€6,841
From operations (derived)
+€137,557
Net result for the year
+€66,480
Depreciation
+€4,866
Smaller working-capital items
-€58
Deferred charges and accrued income
-€2,059
Trade debts
+€1,860
Other debts
+€66,468
Investment (derived)
+€253,000
Current investments
+€253,000
Financing
-€390,674
Contributions, distributions and other
-€390,674
Cash 2025
€6,725
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,497 | €77,347 | -€256,150 | -76.8% |
| Fixed assets | 21/28 | €9,150 | €4,284 | -€4,866 | -53.2% |
| Tangible fixed assets | 22/27 | €9,150 | €4,284 | -€4,866 | -53.2% |
| Furniture and vehicles | 24 | €9,150 | €4,284 | -€4,866 | -53.2% |
| Current assets | 29/58 | €324,346 | €73,063 | -€251,283 | -77.5% |
| Amounts receivable within one year | 40/41 | €18,805 | €18,580 | -€225 | -1.2% |
| Trade receivables | 40 | €16,285 | €14,035 | -€2,250 | -13.8% |
| Other amounts receivable | 41 | €2,520 | €4,545 | +€2,025 | +80.3% |
| Current investments | 50/53 | €297,500 | €44,500 | -€253,000 | -85.0% |
| Cash at bank and in hand | 54/58 | €6,841 | €6,725 | -€117 | -1.7% |
| Deferred charges and accrued income | 490/1 | €1,200 | €3,259 | +€2,059 | +172% |
| Total equity and liabilities | 10/49 | €333,497 | €77,347 | -€256,150 | -76.8% |
| Equity | 10/15 | €326,695 | €2,500 | -€324,195 | -99.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €324,195 | - | -€324,195 | |
| Distributable reserves | 133 | €324,195 | - | -€324,195 | |
| Amounts payable | 17/49 | €6,802 | €74,847 | +€68,045 | +1,000% |
| Amounts payable within one year | 42/48 | €6,802 | €74,847 | +€68,045 | +1,000% |
| Trade debts | 44 | €1,755 | €3,615 | +€1,860 | +106% |
| Suppliers | 440/4 | €1,755 | €3,615 | +€1,860 | +106% |
| Taxes, remuneration and social security | 45 | €2,283 | €2,000 | -€283 | -12.4% |
| Taxes | 450/3 | €283 | - | -€283 | |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,764 | €69,232 | +€66,468 | +2,405% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,060 | €4,866 | -€194 | -3.8% |
| Other operating charges | 640/8 | €673 | €695 | +€22 | +3.3% |
| Gross operating margin | 9900 | €128,904 | €90,166 | -€38,737 | -30.1% |
| Operating profit (loss) | 9901 | €123,171 | €84,605 | -€38,566 | -31.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €246 | €150 | -€96 | -39.0% |
| Recurring financial charges | 65 | €246 | €150 | -€96 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €122,925 | €84,455 | -€38,470 | -31.3% |
| Income taxes | 67/77 | €26,980 | €17,975 | -€9,004 | -33.4% |
| Profit (loss) for the period | 9904 | €95,945 | €66,480 | -€29,465 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,945 | €66,480 | -€29,465 | -30.7% |
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 1 November 2026 via checked.be.