DR. LUC TIMMERMAN: what changed
What changed
DR. LUC TIMMERMAN
NACE 86.210, General medical practice
filed annual accounts (NBB)
Net result for the year
€69,518
2024 · €69,480+€38
Equity
€496,908
2024 · €427,390+€69,518
Cash
€240,262
2024 · €231,943+€8,319
Balance sheet total
€505,602
2024 · €439,338+€66,264
Largest movements
Assets
- Current investments +€70,707
up €70,707 (+39.4%), from €179,590 to €250,296
- Tangible fixed assets -€12,055
down €12,055 (-57.7%), from €20,904 to €8,848
of which Furniture and vehicles: -€11,544
- Cash +€8,319
up €8,319 (+3.6%), from €231,943 to €240,262
mainly Net result for the year (+€69,518) and Depreciation (+€12,055)
Equity and liabilities
- Reserves +€69,518
up €69,518 (+16.8%), from €414,990 to €484,508
Income statement
- Gross operating margin -€4,034
down €4,034 (-3.5%), from €114,170 to €110,136
- Financial income +€3,519
up €3,519 (+111%), from €3,161 to €6,680
- Depreciation -€1,642
down €1,642 (-12.0%), from €13,698 to €12,055
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
€69,480
Gross operating margin
-€4,034
Depreciation
+€1,642
Other operating charges
-€616
Financial income
+€3,519
Financial charges
-€443
Taxes
-€31
Result 2025
€69,518
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
+€79,026
Investment
-€70,707
Financing
€0
Cash 2024
€231,943
From operations (derived)
+€79,026
Net result for the year
+€69,518
Depreciation
+€12,055
Receivables within one year
+€1,194
Deferred charges and accrued income
-€488
Trade debts
-€104
Tax, wage and social debts
-€1,025
Other debts
-€2,329
Accrued charges and deferred income
+€204
Investment (derived)
-€70,707
Current investments
-€70,707
Cash 2025
€240,262
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,338 | €505,602 | +€66,264 | +15.1% |
| Fixed assets | 21/28 | €20,904 | €8,848 | -€12,055 | -57.7% |
| Tangible fixed assets | 22/27 | €20,904 | €8,848 | -€12,055 | -57.7% |
| Plant, machinery and equipment | 23 | €1,284 | €773 | -€511 | -39.8% |
| Furniture and vehicles | 24 | €19,620 | €8,076 | -€11,544 | -58.8% |
| Current assets | 29/58 | €418,434 | €496,754 | +€78,320 | +18.7% |
| Amounts receivable within one year | 40/41 | €3,037 | €1,844 | -€1,194 | -39.3% |
| Trade receivables | 40 | €3,037 | €1,844 | -€1,194 | -39.3% |
| Current investments | 50/53 | €179,590 | €250,296 | +€70,707 | +39.4% |
| Cash at bank and in hand | 54/58 | €231,943 | €240,262 | +€8,319 | +3.6% |
| Deferred charges and accrued income | 490/1 | €3,864 | €4,352 | +€488 | +12.6% |
| Total equity and liabilities | 10/49 | €439,338 | €505,602 | +€66,264 | +15.1% |
| Equity | 10/15 | €427,390 | €496,908 | +€69,518 | +16.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €414,990 | €484,508 | +€69,518 | +16.8% |
| Distributable reserves | 133 | €414,990 | €484,508 | +€69,518 | +16.8% |
| Amounts payable | 17/49 | €11,948 | €8,695 | -€3,254 | -27.2% |
| Amounts payable within one year | 42/48 | €11,919 | €8,460 | -€3,458 | -29.0% |
| Trade debts | 44 | €126 | €22 | -€104 | -82.7% |
| Suppliers | 440/4 | €126 | €22 | -€104 | -82.7% |
| Taxes, remuneration and social security | 45 | €7,306 | €6,281 | -€1,025 | -14.0% |
| Taxes | 450/3 | €7,306 | €6,281 | -€1,025 | -14.0% |
| Other amounts payable | 47/48 | €4,487 | €2,158 | -€2,329 | -51.9% |
| Accrued charges and deferred income | 492/3 | €30 | €234 | +€204 | +690% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,698 | €12,055 | -€1,642 | -12.0% |
| Other operating charges | 640/8 | €284 | €900 | +€616 | +217% |
| Gross operating margin | 9900 | €114,170 | €110,136 | -€4,034 | -3.5% |
| Operating profit (loss) | 9901 | €100,188 | €97,181 | -€3,007 | -3.0% |
| Financial income | 75/76B | €3,161 | €6,680 | +€3,519 | +111% |
| Recurring financial income | 75 | €3,161 | €6,680 | +€3,519 | +111% |
| Financial charges | 65/66B | €615 | €1,058 | +€443 | +72.0% |
| Recurring financial charges | 65 | €615 | €1,058 | +€443 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €102,734 | €102,803 | +€69 | +0.1% |
| Income taxes | 67/77 | €33,254 | €33,285 | +€31 | +0.1% |
| Profit (loss) for the period | 9904 | €69,480 | €69,518 | +€38 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,480 | €69,518 | +€38 | +0.1% |
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 4 November 2026 via checked.be.