DR. MAGALI DEWULF: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
DR. MAGALI DEWULF
NACE 86.220, Specialist medical practice
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€232,662
2023 · €236,481-€3,819
Equity
€2.5m
2023 · €2.4m+€92,662
Cash
€144,102
2023 · €149,462-€5,361
Balance sheet total
€2.6m
2023 · €2.5m+€89,144
Largest movements
Assets
- Receivables within one year +€296,298
up €296,298 (+21.3%), from €1.4m to €1.7m
of which Other amounts receivable: +€261,181
- Receivables after one year -€170,000
down €170,000 (-20.7%), from €821,572 to €651,572
- Tangible fixed assets -€35,656
down €35,656 (-24.5%), from €145,803 to €110,147
Equity and liabilities
- Reserves +€92,662
up €92,662 (+3.9%), from €2.4m to €2.5m
of which Distributable reserves: +€92,662
Income statement
- Gross operating margin -€96,151
down €96,151 (-22.1%), from €434,818 to €338,667
- Financial income +€75,843
up €75,843 (+382%), from €19,836 to €95,679
- Staff costs -€16,173
down €16,173 (-22.1%), from €73,249 to €57,075
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2023
€236,481
Gross operating margin
-€96,151
Staff costs
+€16,173
Depreciation
+€1,951
Other operating charges
+€365
Financial income
+€75,843
Financial charges
+€1,015
Taxes
-€3,016
Result 2024
€232,662
raises the resultlowers the result
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€146,971
Investment
€0
Financing
-€152,332
Cash 2023
€149,462
From operations (derived)
+€146,971
Net result for the year
+€232,662
Depreciation
+€35,656
Receivables after one year
+€170,000
Receivables within one year
-€296,298
Deferred charges and accrued income
-€3,863
Trade debts
-€9,847
Tax, wage and social debts
+€18,661
Financing
-€152,332
Debts after one year
-€1,037
Current portion of long-term debt
-€11,295
Contributions, distributions and other
-€140,000
Cash 2024
€144,102
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,520,715 | €2,609,859 | +€89,144 | +3.5% |
| Fixed assets | 21/28 | €154,803 | €119,147 | -€35,656 | -23.0% |
| Tangible fixed assets | 22/27 | €145,803 | €110,147 | -€35,656 | -24.5% |
| Plant, machinery and equipment | 23 | €19,356 | €2,470 | -€16,885 | -87.2% |
| Furniture and vehicles | 24 | €16,181 | €11,700 | -€4,481 | -27.7% |
| Other tangible fixed assets | 26 | €110,267 | €95,976 | -€14,290 | -13.0% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €2,365,912 | €2,490,712 | +€124,801 | +5.3% |
| Amounts receivable after more than one year | 29 | €821,572 | €651,572 | -€170,000 | -20.7% |
| Other amounts receivable | 291 | €821,572 | €651,572 | -€170,000 | -20.7% |
| Amounts receivable within one year | 40/41 | €1,391,633 | €1,687,931 | +€296,298 | +21.3% |
| Trade receivables | 40 | - | €35,117 | +€35,117 | |
| Other amounts receivable | 41 | €1,391,633 | €1,652,814 | +€261,181 | +18.8% |
| Cash at bank and in hand | 54/58 | €149,462 | €144,102 | -€5,361 | -3.6% |
| Deferred charges and accrued income | 490/1 | €3,245 | €7,108 | +€3,863 | +119% |
| Total equity and liabilities | 10/49 | €2,520,715 | €2,609,859 | +€89,144 | +3.5% |
| Equity | 10/15 | €2,436,079 | €2,528,741 | +€92,662 | +3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,374,079 | €2,466,741 | +€92,662 | +3.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,367,879 | €2,460,541 | +€92,662 | +3.9% |
| Amounts payable | 17/49 | €84,636 | €81,118 | -€3,518 | -4.2% |
| Amounts payable after more than one year | 17 | €1,037 | - | -€1,037 | |
| Financial debts | 170/4 | €1,037 | - | -€1,037 | |
| Amounts payable within one year | 42/48 | €83,598 | €81,118 | -€2,480 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €42,750 | €31,455 | -€11,295 | -26.4% |
| Trade debts | 44 | €31,119 | €21,272 | -€9,847 | -31.6% |
| Suppliers | 440/4 | €31,119 | €21,272 | -€9,847 | -31.6% |
| Taxes, remuneration and social security | 45 | €9,729 | €28,390 | +€18,661 | +192% |
| Taxes | 450/3 | €6,287 | €24,948 | +€18,661 | +297% |
| Remuneration and social security | 454/9 | €3,442 | €3,443 | +€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €73,249 | €57,075 | -€16,173 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,607 | €35,656 | -€1,951 | -5.2% |
| Other operating charges | 640/8 | €1,450 | €1,086 | -€365 | -25.2% |
| Gross operating margin | 9900 | €434,818 | €338,667 | -€96,151 | -22.1% |
| Operating profit (loss) | 9901 | €322,512 | €244,850 | -€77,662 | -24.1% |
| Financial income | 75/76B | €19,836 | €95,679 | +€75,843 | +382% |
| Recurring financial income | 75 | €19,836 | €95,679 | +€75,843 | +382% |
| Financial charges | 65/66B | €4,250 | €3,235 | -€1,015 | -23.9% |
| Recurring financial charges | 65 | €4,250 | €3,235 | -€1,015 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €338,098 | €337,295 | -€803 | -0.2% |
| Income taxes | 67/77 | €101,617 | €104,633 | +€3,016 | +3.0% |
| Profit (loss) for the period | 9904 | €236,481 | €232,662 | -€3,819 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €236,481 | €232,662 | -€3,819 | -1.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.