DR. K. BOEL: what changed
What changed
DR. K. BOEL
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€232,230
2024 · €301,583-€69,352
Equity
€2.5m
2024 · €2.3m+€230,730
Cash
€345,018
2024 · €573,977-€228,959
Balance sheet total
€2.8m
2024 · €2.4m+€336,215
Largest movements
Assets
- Tangible fixed assets +€299,311
up €299,311 (+1,273%), from €23,509 to €322,820
of which Land and buildings: +€301,839
- Current investments +€270,998
up €270,998 (+15.9%), from €1.7m to €2.0m
- Cash -€228,959
down €228,959 (-39.9%), from €573,977 to €345,018
mainly Investment in fixed assets (net) (-€350,152) and Current investments (-€270,998)
Equity and liabilities
- Reserves +€230,730
up €230,730 (+10.5%), from €2.2m to €2.4m
- Debts after one year +€128,284
new in 2025: €128,284
- Tax, wage and social debts -€30,916
down €30,916 (-77.6%), from €39,823 to €8,907
of which Taxes: -€31,104
Income statement
- Depreciation +€49,511
up €49,511 (+3,722%), from €1,330 to €50,842
- Gross operating margin -€36,200
down €36,200 (-8.2%), from €440,234 to €404,034
- Taxes -€32,428
down €32,428 (-23.3%), from €139,382 to €106,954
- Financial income -€16,621
down €16,621 (-65.0%), from €25,576 to €8,954
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
€301,583
Gross operating margin
-€36,200
Staff costs
-€188
Depreciation
-€49,511
Other operating charges
+€8
Financial income
-€16,621
Financial charges
+€731
Taxes
+€32,428
Result 2025
€232,230
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
+€252,357
Investment
-€621,150
Financing
+€139,834
Cash 2024
€573,977
From operations (derived)
+€252,357
Net result for the year
+€232,230
Depreciation
+€50,842
Receivables within one year
-€327
Deferred charges and accrued income
+€5,462
Trade debts
-€1,825
Tax, wage and social debts
-€30,916
Other debts
-€1,794
Accrued charges and deferred income
-€1,314
Investment (derived)
-€621,150
Investment in fixed assets (net)
-€350,152
Current investments
-€270,998
Financing
+€139,834
Debts after one year
+€128,284
Current portion of long-term debt
+€13,172
Short-term financial debts
-€121
Contributions, distributions and other
-€1,500
Cash 2025
€345,018
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,440,534 | €2,776,749 | +€336,215 | +13.8% |
| Fixed assets | 21/28 | €23,514 | €322,825 | +€299,311 | +1,273% |
| Tangible fixed assets | 22/27 | €23,509 | €322,820 | +€299,311 | +1,273% |
| Land and buildings | 22 | €7,619 | €309,458 | +€301,839 | +3,962% |
| Furniture and vehicles | 24 | €15,890 | €13,362 | -€2,528 | -15.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €2,417,020 | €2,453,924 | +€36,904 | +1.5% |
| Amounts receivable within one year | 40/41 | €17,755 | €18,082 | +€327 | +1.8% |
| Trade receivables | 40 | €500 | €827 | +€327 | +65.3% |
| Other amounts receivable | 41 | €17,255 | €17,255 | = | 0.0% |
| Current investments | 50/53 | €1,704,175 | €1,975,173 | +€270,998 | +15.9% |
| Cash at bank and in hand | 54/58 | €573,977 | €345,018 | -€228,959 | -39.9% |
| Deferred charges and accrued income | 490/1 | €121,113 | €115,652 | -€5,462 | -4.5% |
| Total equity and liabilities | 10/49 | €2,440,534 | €2,776,749 | +€336,215 | +13.8% |
| Equity | 10/15 | €2,281,131 | €2,511,861 | +€230,730 | +10.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €2,206,131 | €2,436,861 | +€230,730 | +10.5% |
| Distributable reserves | 133 | €2,206,131 | €2,436,861 | +€230,730 | +10.5% |
| Amounts payable | 17/49 | €159,403 | €264,888 | +€105,485 | +66.2% |
| Amounts payable after more than one year | 17 | - | €128,284 | +€128,284 | |
| Financial debts | 170/4 | - | €128,284 | +€128,284 | |
| Amounts payable within one year | 42/48 | €150,717 | €129,232 | -€21,485 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | - | €13,172 | +€13,172 | |
| Financial debts | 43 | €121 | - | -€121 | |
| Credit institutions | 430/8 | €121 | - | -€121 | |
| Trade debts | 44 | €3,803 | €1,978 | -€1,825 | -48.0% |
| Suppliers | 440/4 | €3,803 | €1,978 | -€1,825 | -48.0% |
| Taxes, remuneration and social security | 45 | €39,823 | €8,907 | -€30,916 | -77.6% |
| Taxes | 450/3 | €37,473 | €6,369 | -€31,104 | -83.0% |
| Remuneration and social security | 454/9 | €2,350 | €2,538 | +€188 | +8.0% |
| Other amounts payable | 47/48 | €106,970 | €105,176 | -€1,794 | -1.7% |
| Accrued charges and deferred income | 492/3 | €8,686 | €7,372 | -€1,314 | -15.1% |
| Remuneration, social security and pensions | 62 | - | €188 | +€188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €50,842 | +€49,511 | +3,722% |
| Other operating charges | 640/8 | €1,714 | €1,705 | -€8 | -0.5% |
| Gross operating margin | 9900 | €440,234 | €404,034 | -€36,200 | -8.2% |
| Operating profit (loss) | 9901 | €437,190 | €351,300 | -€85,891 | -19.6% |
| Financial income | 75/76B | €25,576 | €8,954 | -€16,621 | -65.0% |
| Recurring financial income | 75 | €25,576 | €8,954 | -€16,621 | -65.0% |
| Financial charges | 65/66B | €21,801 | €21,070 | -€731 | -3.4% |
| Recurring financial charges | 65 | €21,801 | €21,070 | -€731 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €440,965 | €339,184 | -€101,781 | -23.1% |
| Income taxes | 67/77 | €139,382 | €106,954 | -€32,428 | -23.3% |
| Profit (loss) for the period | 9904 | €301,583 | €232,230 | -€69,352 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €301,583 | €232,230 | -€69,352 | -23.0% |
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.