DR. LUC DEMEULEMEESTER: what changed
What changed
DR. LUC DEMEULEMEESTER
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€267,403
2024 · €311,572-€44,169
Equity
€2.2m
2024 · €2.3m-€45,241
Cash
€40,865
2024 · €33,071+€7,794
Balance sheet total
€4.0m
2024 · €4.4m-€395,820
Largest movements
Assets
- Tangible fixed assets -€278,014
down €278,014 (-6.7%), from €4.1m to €3.9m
of which Land and buildings: -€226,132
- Receivables within one year -€128,981
down €128,981 (-70.2%), from €183,682 to €54,701
of which Other amounts receivable: -€129,091
Equity and liabilities
- Debts after one year -€369,858
down €369,858 (-23.7%), from €1.6m to €1.2m
- Reserves -€45,241
down €45,241 (-2.0%), from €2.3m to €2.2m
of which Distributable reserves: -€25,405
Income statement
- Depreciation +€33,239
up €33,239 (+12.1%), from €274,651 to €307,890
- Financial charges +€13,038
up €13,038 (+30.8%), from €42,352 to €55,390
- Financial income -€8,079
down €8,079 (-100%), from €8,079 to €0
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
€311,572
Gross operating margin
+€5,096
Depreciation
-€33,239
Other operating charges
-€1,165
Other operating items
-€1,200
Financial income
-€8,079
Financial charges
-€13,038
Taxes
+€7,456
Result 2025
€267,403
raises the resultlowers the resultnot broken down further in the accounts
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
+€718,530
Investment
-€29,876
Financing
-€680,860
Cash 2024
€33,071
From operations (derived)
+€718,530
Net result for the year
+€267,403
Depreciation
+€307,890
Receivables within one year
+€128,981
Deferred charges and accrued income
-€3,382
Provisions
-€6,612
Trade debts
+€4,008
Tax, wage and social debts
+€15,852
Other debts
+€2,964
Accrued charges and deferred income
+€1,427
Investment (derived)
-€29,876
Investment in fixed assets (net)
-€29,876
Financing
-€680,860
Debts after one year
-€369,858
Current portion of long-term debt
+€1,641
Contributions, distributions and other
-€312,644
Cash 2025
€40,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,369,349 | €3,973,529 | -€395,820 | -9.1% |
| Fixed assets | 21/28 | €4,143,576 | €3,865,561 | -€278,014 | -6.7% |
| Tangible fixed assets | 22/27 | €4,143,576 | €3,865,561 | -€278,014 | -6.7% |
| Land and buildings | 22 | €3,911,875 | €3,685,744 | -€226,132 | -5.8% |
| Plant, machinery and equipment | 23 | €63,788 | €57,271 | -€6,518 | -10.2% |
| Furniture and vehicles | 24 | €166,009 | €117,323 | -€48,686 | -29.3% |
| Other tangible fixed assets | 26 | €1,903 | €5,224 | +€3,321 | +175% |
| Current assets | 29/58 | €225,773 | €107,968 | -€117,805 | -52.2% |
| Amounts receivable within one year | 40/41 | €183,682 | €54,701 | -€128,981 | -70.2% |
| Trade receivables | 40 | - | €110 | +€110 | |
| Other amounts receivable | 41 | €183,682 | €54,591 | -€129,091 | -70.3% |
| Cash at bank and in hand | 54/58 | €33,071 | €40,865 | +€7,794 | +23.6% |
| Deferred charges and accrued income | 490/1 | €9,021 | €12,402 | +€3,382 | +37.5% |
| Total equity and liabilities | 10/49 | €4,369,349 | €3,973,529 | -€395,820 | -9.1% |
| Equity | 10/15 | €2,291,503 | €2,246,262 | -€45,241 | -2.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,279,103 | €2,233,862 | -€45,241 | -2.0% |
| Tax-exempt reserves | 132 | €241,608 | €221,771 | -€19,837 | -8.2% |
| Distributable reserves | 133 | €2,037,496 | €2,012,091 | -€25,405 | -1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €51,882 | €45,270 | -€6,612 | -12.7% |
| Deferred taxes | 168 | €51,882 | €45,270 | -€6,612 | -12.7% |
| Amounts payable | 17/49 | €2,025,963 | €1,681,997 | -€343,966 | -17.0% |
| Amounts payable after more than one year | 17 | €1,561,992 | €1,192,134 | -€369,858 | -23.7% |
| Financial debts | 170/4 | €1,561,992 | €1,192,134 | -€369,858 | -23.7% |
| Amounts payable within one year | 42/48 | €461,722 | €486,186 | +€24,464 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €419,067 | €420,708 | +€1,641 | +0.4% |
| Trade debts | 44 | €7,354 | €11,361 | +€4,008 | +54.5% |
| Suppliers | 440/4 | €7,354 | €11,361 | +€4,008 | +54.5% |
| Taxes, remuneration and social security | 45 | €35,301 | €51,153 | +€15,852 | +44.9% |
| Taxes | 450/3 | €35,301 | €51,153 | +€15,852 | +44.9% |
| Other amounts payable | 47/48 | €0 | €2,964 | +€2,964 | |
| Accrued charges and deferred income | 492/3 | €2,250 | €3,677 | +€1,427 | +63.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,651 | €307,890 | +€33,239 | +12.1% |
| Other operating charges | 640/8 | €15,395 | €16,560 | +€1,165 | +7.6% |
| Non-recurring operating charges | 66A | - | €1,200 | +€1,200 | |
| Gross operating margin | 9900 | €765,052 | €770,148 | +€5,096 | +0.7% |
| Operating profit (loss) | 9901 | €475,006 | €444,498 | -€30,508 | -6.4% |
| Financial income | 75/76B | €8,079 | €0 | -€8,079 | -100% |
| Recurring financial income | 75 | €8,079 | €0 | -€8,079 | -100% |
| Financial charges | 65/66B | €42,352 | €55,390 | +€13,038 | +30.8% |
| Recurring financial charges | 65 | €42,352 | €55,390 | +€13,038 | +30.8% |
| Profit (loss) for the period before taxes | 9903 | €440,733 | €389,108 | -€51,625 | -11.7% |
| Transfer from deferred taxes | 780 | €6,612 | €6,612 | = | 0.0% |
| Income taxes | 67/77 | €135,774 | €128,318 | -€7,456 | -5.5% |
| Profit (loss) for the period | 9904 | €311,572 | €267,403 | -€44,169 | -14.2% |
| Transfer from tax-exempt reserves | 789 | €19,837 | €19,837 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €331,409 | €287,240 | -€44,169 | -13.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.