DR. LUC VERWAERDE: what changed
What changed
DR. LUC VERWAERDE
NACE 86.910, Medical imaging and medical laboratories
filed annual accounts (NBB)
Net result for the year
€85,621
2024 · €134,531-€48,910
Equity
€1.1m
2024 · €1.2m-€191,479
Cash
€191,519
2024 · €339,621-€148,101
Balance sheet total
€1.2m
2024 · €1.3m-€135,144
Largest movements
Assets
- Cash -€148,101
down €148,101 (-43.6%), from €339,621 to €191,519
mainly Contributions, distributions and other (-€277,100) and Investment in fixed assets (net) (-€28,364)
- Tangible fixed assets +€17,591
up €17,591 (+159%), from €11,057 to €28,648
Equity and liabilities
- Reserves -€191,480
down €191,480 (-15.9%), from €1.2m to €1.0m
- Other debts +€78,563
up €78,563 (+183%), from €42,893 to €121,457
- Accrued charges and deferred income -€16,256
down €16,256 (-62.5%), from €25,997 to €9,741
- Tax, wage and social debts -€15,570
down €15,570 (-62.8%), from €24,808 to €9,238
of which Taxes: -€14,625
Income statement
- Gross operating margin -€28,667
down €28,667 (-16.9%), from €169,858 to €141,191
- Financial income -€26,919
down €26,919 (-42.4%), from €63,437 to €36,519
- Taxes -€23,217
down €23,217 (-42.1%), from €55,191 to €31,974
- Depreciation +€7,031
up €7,031 (+189%), from €3,716 to €10,748
- Financial charges +€5,390
up €5,390 (+63.9%), from €8,432 to €13,822
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
€134,531
Gross operating margin
-€28,667
Staff costs
-€2,678
Depreciation
-€7,031
Provisions
-€1,382
Other operating charges
-€58
Financial income
-€26,919
Financial charges
-€5,390
Taxes
+€23,217
Result 2025
€85,621
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
+€152,490
Investment
-€23,491
Financing
-€277,100
Cash 2024
€339,621
From operations (derived)
+€152,490
Net result for the year
+€85,621
Depreciation
+€10,748
Smaller working-capital items
-€214
Trade debts
+€9,597
Tax, wage and social debts
-€15,570
Other debts
+€78,563
Accrued charges and deferred income
-€16,256
Investment (derived)
-€23,491
Investment in fixed assets (net)
-€28,364
Current investments
+€4,873
Financing
-€277,100
Contributions, distributions and other
-€277,100
Cash 2025
€191,519
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,349,137 | €1,213,993 | -€135,144 | -10.0% |
| Fixed assets | 21/28 | €14,812 | €32,429 | +€17,616 | +119% |
| Tangible fixed assets | 22/27 | €11,057 | €28,648 | +€17,591 | +159% |
| Plant, machinery and equipment | 23 | €11,057 | €28,648 | +€17,591 | +159% |
| Financial fixed assets | 28 | €3,755 | €3,780 | +€25 | +0.7% |
| Current assets | 29/58 | €1,334,324 | €1,181,564 | -€152,760 | -11.4% |
| Amounts receivable within one year | 40/41 | €46,888 | €46,946 | +€58 | +0.1% |
| Trade receivables | 40 | €46,888 | €34,796 | -€12,092 | -25.8% |
| Other amounts receivable | 41 | - | €12,150 | +€12,150 | |
| Current investments | 50/53 | €928,403 | €923,530 | -€4,873 | -0.5% |
| Cash at bank and in hand | 54/58 | €339,621 | €191,519 | -€148,101 | -43.6% |
| Deferred charges and accrued income | 490/1 | €19,413 | €19,569 | +€156 | +0.8% |
| Total equity and liabilities | 10/49 | €1,349,137 | €1,213,993 | -€135,144 | -10.0% |
| Equity | 10/15 | €1,245,204 | €1,053,725 | -€191,479 | -15.4% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €1,206,428 | €1,014,948 | -€191,480 | -15.9% |
| Distributable reserves | 133 | €1,206,428 | €1,014,948 | -€191,480 | -15.9% |
| Profit (loss) carried forward | 14 | €1,576 | €1,577 | +€1 | +0.1% |
| Provisions and deferred taxes | 16 | €8,048 | €8,048 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,048 | €8,048 | = | 0.0% |
| Major repairs and maintenance | 162 | €8,048 | €8,048 | = | 0.0% |
| Amounts payable | 17/49 | €95,885 | €152,220 | +€56,335 | +58.8% |
| Amounts payable within one year | 42/48 | €69,888 | €142,478 | +€72,591 | +104% |
| Trade debts | 44 | €2,186 | €11,783 | +€9,597 | +439% |
| Suppliers | 440/4 | €2,186 | €11,783 | +€9,597 | +439% |
| Taxes, remuneration and social security | 45 | €24,808 | €9,238 | -€15,570 | -62.8% |
| Taxes | 450/3 | €19,758 | €5,132 | -€14,625 | -74.0% |
| Remuneration and social security | 454/9 | €5,050 | €4,106 | -€944 | -18.7% |
| Other amounts payable | 47/48 | €42,893 | €121,457 | +€78,563 | +183% |
| Accrued charges and deferred income | 492/3 | €25,997 | €9,741 | -€16,256 | -62.5% |
| Remuneration, social security and pensions | 62 | €30,305 | €32,983 | +€2,678 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,716 | €10,748 | +€7,031 | +189% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,382 | - | +€1,382 | |
| Other operating charges | 640/8 | €2,503 | €2,561 | +€58 | +2.3% |
| Gross operating margin | 9900 | €169,858 | €141,191 | -€28,667 | -16.9% |
| Operating profit (loss) | 9901 | €134,716 | €94,899 | -€39,817 | -29.6% |
| Financial income | 75/76B | €63,437 | €36,519 | -€26,919 | -42.4% |
| Recurring financial income | 75 | €63,437 | €36,519 | -€26,919 | -42.4% |
| Financial charges | 65/66B | €8,432 | €13,822 | +€5,390 | +63.9% |
| Recurring financial charges | 65 | €8,432 | €13,822 | +€5,390 | +63.9% |
| Profit (loss) for the period before taxes | 9903 | €189,722 | €117,596 | -€72,126 | -38.0% |
| Income taxes | 67/77 | €55,191 | €31,974 | -€23,217 | -42.1% |
| Profit (loss) for the period | 9904 | €134,531 | €85,621 | -€48,910 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,531 | €85,621 | -€48,910 | -36.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.