Dr. Dumoulein Michiel: what changed
What changed
Dr. Dumoulein Michiel
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€238,136
2024 · €208,100+€30,037
Equity
€1.2m
2024 · €995,707+€238,136
Cash
€344,679
2024 · €226,736+€117,943
Balance sheet total
€1.6m
2024 · €1.4m+€185,427
Largest movements
Assets
- Cash +€117,943
up €117,943 (+52.0%), from €226,736 to €344,679
mainly Net result for the year (+€238,136) and Receivables within one year (+€48,673)
- Current investments +€114,636
up €114,636 (+31.0%), from €369,845 to €484,481
- Receivables within one year -€48,673
down €48,673 (-15.4%), from €316,288 to €267,615
of which Trade receivables: -€48,603
Equity and liabilities
- Reserves +€238,136
up €238,136 (+24.2%), from €983,307 to €1.2m
- Debts after one year -€53,669
down €53,669 (-33.2%), from €161,619 to €107,950
of which Financial debts: -€53,669
- Tax, wage and social debts +€18,632
up €18,632 (+61.7%), from €30,204 to €48,836
Income statement
- Financial charges -€106,802
down €106,802 (-94.9%), from €112,544 to €5,742
- Gross operating margin -€56,002
down €56,002 (-12.4%), from €451,956 to €395,954
- Taxes +€15,197
up €15,197 (+16.5%), from €92,019 to €107,216
- Depreciation +€7,323
up €7,323 (+21.6%), from €33,851 to €41,174
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
€208,100
Gross operating margin
-€56,002
Depreciation
-€7,323
Other operating charges
-€240
Financial income
+€1,997
Financial charges
+€106,802
Taxes
-€15,197
Result 2025
€238,136
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
+€324,291
Investment
-€153,529
Financing
-€52,820
Cash 2024
€226,736
From operations (derived)
+€324,291
Net result for the year
+€238,136
Depreciation
+€41,174
Receivables within one year
+€48,673
Deferred charges and accrued income
-€3,803
Trade debts
-€9,488
Tax, wage and social debts
+€18,632
Other debts
-€7,113
Accrued charges and deferred income
-€1,920
Investment (derived)
-€153,529
Investment in fixed assets (net)
-€38,893
Current investments
-€114,636
Financing
-€52,820
Debts after one year
-€53,669
Current portion of long-term debt
+€850
Cash 2025
€344,679
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,435,854 | €1,621,282 | +€185,427 | +12.9% |
| Fixed assets | 21/28 | €522,984 | €520,703 | -€2,281 | -0.4% |
| Tangible fixed assets | 22/27 | €522,784 | €520,503 | -€2,281 | -0.4% |
| Land and buildings | 22 | €440,684 | €414,067 | -€26,617 | -6.0% |
| Plant, machinery and equipment | 23 | €26 | €0 | -€26 | -100% |
| Furniture and vehicles | 24 | €7,462 | €9,432 | +€1,970 | +26.4% |
| Other tangible fixed assets | 26 | €74,612 | €97,004 | +€22,393 | +30.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €912,870 | €1,100,579 | +€187,708 | +20.6% |
| Amounts receivable within one year | 40/41 | €316,288 | €267,615 | -€48,673 | -15.4% |
| Trade receivables | 40 | €287,218 | €238,615 | -€48,603 | -16.9% |
| Other amounts receivable | 41 | €29,070 | €29,000 | -€70 | -0.2% |
| Current investments | 50/53 | €369,845 | €484,481 | +€114,636 | +31.0% |
| Cash at bank and in hand | 54/58 | €226,736 | €344,679 | +€117,943 | +52.0% |
| Deferred charges and accrued income | 490/1 | - | €3,803 | +€3,803 | |
| Total equity and liabilities | 10/49 | €1,435,854 | €1,621,282 | +€185,427 | +12.9% |
| Equity | 10/15 | €995,707 | €1,233,843 | +€238,136 | +23.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €983,307 | €1,221,443 | +€238,136 | +24.2% |
| Distributable reserves | 133 | €983,307 | €1,221,443 | +€238,136 | +24.2% |
| Amounts payable | 17/49 | €440,147 | €387,438 | -€52,709 | -12.0% |
| Amounts payable after more than one year | 17 | €161,619 | €107,950 | -€53,669 | -33.2% |
| Financial debts | 170/4 | €158,409 | €104,740 | -€53,669 | -33.9% |
| Other amounts payable | 178/9 | €3,210 | €3,210 | = | 0.0% |
| Amounts payable within one year | 42/48 | €216,608 | €219,488 | +€2,880 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €52,820 | €53,669 | +€850 | +1.6% |
| Trade debts | 44 | €9,870 | €382 | -€9,488 | -96.1% |
| Suppliers | 440/4 | €9,870 | €382 | -€9,488 | -96.1% |
| Taxes, remuneration and social security | 45 | €30,204 | €48,836 | +€18,632 | +61.7% |
| Taxes | 450/3 | €30,204 | €48,836 | +€18,632 | +61.7% |
| Other amounts payable | 47/48 | €123,715 | €116,601 | -€7,113 | -5.7% |
| Accrued charges and deferred income | 492/3 | €61,920 | €60,000 | -€1,920 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,851 | €41,174 | +€7,323 | +21.6% |
| Other operating charges | 640/8 | €7,749 | €7,989 | +€240 | +3.1% |
| Gross operating margin | 9900 | €451,956 | €395,954 | -€56,002 | -12.4% |
| Operating profit (loss) | 9901 | €410,356 | €346,791 | -€63,565 | -15.5% |
| Financial income | 75/76B | €2,306 | €4,304 | +€1,997 | +86.6% |
| Recurring financial income | 75 | €2,306 | €4,304 | +€1,997 | +86.6% |
| Financial charges | 65/66B | €112,544 | €5,742 | -€106,802 | -94.9% |
| Recurring financial charges | 65 | €112,544 | €5,742 | -€106,802 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €300,119 | €345,353 | +€45,234 | +15.1% |
| Income taxes | 67/77 | €92,019 | €107,216 | +€15,197 | +16.5% |
| Profit (loss) for the period | 9904 | €208,100 | €238,136 | +€30,037 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €208,100 | €238,136 | +€30,037 | +14.4% |
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 4 November 2026 via checked.be.