DR. M. CLAUWAERT: what changed
What changed
DR. M. CLAUWAERT
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€138,799
2024 · €141,004-€2,204
Equity
€140,799
2024 · €312,653-€171,854
Cash
€61,368
2024 · €64,651-€3,284
Balance sheet total
€153,197
2024 · €356,354-€203,157
Largest movements
Assets
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets +€5,913
up €5,913 (+99.0%), from €5,973 to €11,886
of which Furniture and vehicles: +€5,940
- Receivables within one year -€3,751
no longer reported in 2025 (was €3,751)
Equity and liabilities
- Reserves -€171,854
down €171,854 (-55.3%), from €310,653 to €138,799
- Tax, wage and social debts -€39,821
down €39,821 (-93.5%), from €42,599 to €2,778
- Trade debts +€5,450
up €5,450 (+498%), from €1,094 to €6,543
Income statement
- Gross operating margin -€2,390
down €2,390 (-1.3%), from €184,327 to €181,937
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
€141,004
Gross operating margin
-€2,390
Depreciation
-€826
Other operating charges
-€2
Other operating items
+€887
Financial income
-€274
Financial charges
-€279
Taxes
+€679
Result 2025
€138,799
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
+€114,937
Investment
+€192,432
Financing
-€310,653
Cash 2024
€64,651
From operations (derived)
+€114,937
Net result for the year
+€138,799
Depreciation
+€1,655
Receivables within one year
+€3,751
Deferred charges and accrued income
+€2,035
Trade debts
+€5,450
Tax, wage and social debts
-€39,821
Other debts
+€2,955
Accrued charges and deferred income
+€113
Investment (derived)
+€192,432
Investment in fixed assets (net)
-€7,568
Current investments
+€200,000
Financing
-€310,653
Contributions, distributions and other
-€310,653
Cash 2025
€61,368
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €356,354 | €153,197 | -€203,157 | -57.0% |
| Fixed assets | 21/28 | €5,973 | €11,886 | +€5,913 | +99.0% |
| Tangible fixed assets | 22/27 | €5,973 | €11,886 | +€5,913 | +99.0% |
| Plant, machinery and equipment | 23 | €27 | - | -€27 | |
| Furniture and vehicles | 24 | €5,946 | €11,886 | +€5,940 | +99.9% |
| Current assets | 29/58 | €350,381 | €141,311 | -€209,070 | -59.7% |
| Amounts receivable within one year | 40/41 | €3,751 | - | -€3,751 | |
| Other amounts receivable | 41 | €3,751 | - | -€3,751 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €64,651 | €61,368 | -€3,284 | -5.1% |
| Deferred charges and accrued income | 490/1 | €81,978 | €79,943 | -€2,035 | -2.5% |
| Total equity and liabilities | 10/49 | €356,354 | €153,197 | -€203,157 | -57.0% |
| Equity | 10/15 | €312,653 | €140,799 | -€171,854 | -55.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €310,653 | €138,799 | -€171,854 | -55.3% |
| Distributable reserves | 133 | €310,653 | €138,799 | -€171,854 | -55.3% |
| Amounts payable | 17/49 | €43,701 | €12,397 | -€31,304 | -71.6% |
| Amounts payable within one year | 42/48 | €43,693 | €12,277 | -€31,416 | -71.9% |
| Trade debts | 44 | €1,094 | €6,543 | +€5,450 | +498% |
| Suppliers | 440/4 | €1,094 | €6,543 | +€5,450 | +498% |
| Taxes, remuneration and social security | 45 | €42,599 | €2,778 | -€39,821 | -93.5% |
| Taxes | 450/3 | €42,599 | €2,778 | -€39,821 | -93.5% |
| Other amounts payable | 47/48 | - | €2,955 | +€2,955 | |
| Accrued charges and deferred income | 492/3 | €8 | €121 | +€113 | +1,382% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €1,655 | +€826 | +99.7% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €887 | - | -€887 | |
| Gross operating margin | 9900 | €184,327 | €181,937 | -€2,390 | -1.3% |
| Operating profit (loss) | 9901 | €182,493 | €180,162 | -€2,331 | -1.3% |
| Financial income | 75/76B | €2,960 | €2,686 | -€274 | -9.2% |
| Recurring financial income | 75 | €2,960 | €2,686 | -€274 | -9.2% |
| Financial charges | 65/66B | €994 | €1,273 | +€279 | +28.1% |
| Recurring financial charges | 65 | €994 | €1,273 | +€279 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €184,459 | €181,575 | -€2,884 | -1.6% |
| Income taxes | 67/77 | €43,455 | €42,776 | -€679 | -1.6% |
| Profit (loss) for the period | 9904 | €141,004 | €138,799 | -€2,204 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €141,004 | €138,799 | -€2,204 | -1.6% |
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 4 November 2026 via checked.be.