DR. JOHN THOENG: 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. JOHN THOENG
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€213,119
2024 · €216,821-€3,702
Equity
€1.6m
2024 · €1.6m+€1,532
Cash
€209,212
2024 · €92,880+€116,333
Balance sheet total
€1.8m
2024 · €1.8m-€76,708
Largest movements
Assets
- Receivables within one year -€170,655
down €170,655 (-34.2%), from €498,565 to €327,910
of which Other amounts receivable: -€170,655
- Cash +€116,333
up €116,333 (+125%), from €92,880 to €209,212
mainly Net result for the year (+€213,119) and Receivables within one year (+€170,655)
Equity and liabilities
- Debts after one year -€42,256
down €42,256 (-65.8%), from €64,196 to €21,940
Income statement
- Gross operating margin -€11,589
down €11,589 (-3.4%), from €337,181 to €325,592
- Taxes -€3,679
down €3,679 (-3.5%), from €105,123 to €101,444
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
€216,821
Gross operating margin
-€11,589
Depreciation
+€247
Other operating charges
-€336
Other operating items
+€2,118
Financial income
+€13
Financial charges
+€2,166
Taxes
+€3,679
Result 2025
€213,119
raises the resultlowers the resultnot broken down further in the accounts
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
+€386,361
Investment
-€9,087
Financing
-€260,941
Cash 2024
€92,880
From operations (derived)
+€386,361
Net result for the year
+€213,119
Depreciation
+€17,100
Receivables within one year
+€170,655
Deferred charges and accrued income
+€14,373
Trade debts
-€13,566
Tax, wage and social debts
-€15,339
Accrued charges and deferred income
+€20
Investment (derived)
-€9,087
Investment in fixed assets (net)
-€9,087
Financing
-€260,941
Debts after one year
-€42,256
Current portion of long-term debt
-€7,099
Contributions, distributions and other
-€211,587
Cash 2025
€209,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,832,839 | €1,756,131 | -€76,708 | -4.2% |
| Fixed assets | 21/28 | €700,875 | €692,863 | -€8,013 | -1.1% |
| Tangible fixed assets | 22/27 | €200,474 | €192,461 | -€8,013 | -4.0% |
| Land and buildings | 22 | €83,516 | €87,464 | +€3,947 | +4.7% |
| Furniture and vehicles | 24 | €116,958 | €104,997 | -€11,960 | -10.2% |
| Financial fixed assets | 28 | €500,401 | €500,401 | = | 0.0% |
| Current assets | 29/58 | €1,131,963 | €1,063,268 | -€68,695 | -6.1% |
| Amounts receivable after more than one year | 29 | €500,000 | €500,000 | = | 0.0% |
| Other amounts receivable | 291 | €500,000 | €500,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €498,565 | €327,910 | -€170,655 | -34.2% |
| Trade receivables | 40 | €13,050 | €13,050 | = | 0.0% |
| Other amounts receivable | 41 | €485,515 | €314,860 | -€170,655 | -35.1% |
| Cash at bank and in hand | 54/58 | €92,880 | €209,212 | +€116,333 | +125% |
| Deferred charges and accrued income | 490/1 | €40,518 | €26,146 | -€14,373 | -35.5% |
| Total equity and liabilities | 10/49 | €1,832,839 | €1,756,131 | -€76,708 | -4.2% |
| Equity | 10/15 | €1,575,488 | €1,577,020 | +€1,532 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,556,888 | €1,558,420 | +€1,532 | +0.1% |
| Distributable reserves | 133 | €1,556,888 | €1,558,420 | +€1,532 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €257,351 | €179,111 | -€78,240 | -30.4% |
| Amounts payable after more than one year | 17 | €64,196 | €21,940 | -€42,256 | -65.8% |
| Financial debts | 170/4 | €64,196 | €21,940 | -€42,256 | -65.8% |
| Amounts payable within one year | 42/48 | €192,544 | €156,540 | -€36,004 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €66,196 | €59,097 | -€7,099 | -10.7% |
| Trade debts | 44 | €14,598 | €1,032 | -€13,566 | -92.9% |
| Suppliers | 440/4 | €14,598 | €1,032 | -€13,566 | -92.9% |
| Taxes, remuneration and social security | 45 | €111,751 | €96,411 | -€15,339 | -13.7% |
| Taxes | 450/3 | €111,751 | €96,411 | -€15,339 | -13.7% |
| Accrued charges and deferred income | 492/3 | €611 | €631 | +€20 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,347 | €17,100 | -€247 | -1.4% |
| Other operating charges | 640/8 | €2,460 | €2,795 | +€336 | +13.7% |
| Non-recurring operating charges | 66A | €2,118 | €0 | -€2,118 | -100% |
| Gross operating margin | 9900 | €337,181 | €325,592 | -€11,589 | -3.4% |
| Operating profit (loss) | 9901 | €315,257 | €305,697 | -€9,560 | -3.0% |
| Financial income | 75/76B | €13,098 | €13,111 | +€13 | +0.1% |
| Recurring financial income | 75 | €13,098 | €13,111 | +€13 | +0.1% |
| Financial charges | 65/66B | €6,411 | €4,245 | -€2,166 | -33.8% |
| Recurring financial charges | 65 | €6,411 | €4,245 | -€2,166 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €321,944 | €314,563 | -€7,382 | -2.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €105,123 | €101,444 | -€3,679 | -3.5% |
| Profit (loss) for the period | 9904 | €216,821 | €213,119 | -€3,702 | -1.7% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €216,821 | €213,119 | -€3,702 | -1.7% |
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 13 October 2026 via checked.be.