DR. MARC HAGEMAN: what changed
What changed
DR. MARC HAGEMAN
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€195,164
2024 · €227,505-€32,341
Equity
€1.2m
2024 · €1.0m+€195,164
Cash
€117,905
2024 · €78,051+€39,854
Balance sheet total
€1.2m
2024 · €1.1m+€153,262
Largest movements
Assets
- Current investments +€79,619
up €79,619 (+11.8%), from €674,704 to €754,323
- Cash +€39,854
up €39,854 (+51.1%), from €78,051 to €117,905
mainly Net result for the year (+€195,164) and Depreciation (+€19,392)
- Tangible fixed assets +€28,214
up €28,214 (+27.2%), from €103,672 to €131,886
of which Furniture and vehicles: +€33,165
Equity and liabilities
- Reserves +€195,164
up €195,164 (+19.9%), from €983,104 to €1.2m
- Tax, wage and social debts -€32,648
down €32,648 (-100%), from €32,648 to €0
of which Taxes: -€32,648
Income statement
- Financial income -€43,239
down €43,239 (-67.4%), from €64,180 to €20,941
- Taxes -€15,118
down €15,118 (-14.3%), from €106,065 to €90,948
- Gross operating margin -€14,422
down €14,422 (-4.7%), from €304,528 to €290,106
- Depreciation -€11,814
down €11,814 (-37.9%), from €31,206 to €19,392
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
€227,505
Gross operating margin
-€14,422
Depreciation
+€11,814
Other operating charges
+€1,294
Financial income
-€43,239
Financial charges
-€2,907
Taxes
+€15,118
Result 2025
€195,164
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
+€173,707
Investment
-€127,225
Financing
-€6,628
Cash 2024
€78,051
From operations (derived)
+€173,707
Net result for the year
+€195,164
Depreciation
+€19,392
Receivables within one year
-€7,200
Deferred charges and accrued income
+€1,626
Trade debts
-€3,245
Tax, wage and social debts
-€32,648
Other debts
+€618
Investment (derived)
-€127,225
Investment in fixed assets (net)
-€47,606
Current investments
-€79,619
Financing
-€6,628
Current portion of long-term debt
-€6,628
Cash 2025
€117,905
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,061,799 | €1,215,061 | +€153,262 | +14.4% |
| Fixed assets | 21/28 | €103,812 | €132,026 | +€28,214 | +27.2% |
| Tangible fixed assets | 22/27 | €103,672 | €131,886 | +€28,214 | +27.2% |
| Plant, machinery and equipment | 23 | - | €1,727 | +€1,727 | |
| Furniture and vehicles | 24 | €84,443 | €117,608 | +€33,165 | +39.3% |
| Other tangible fixed assets | 26 | €19,229 | €12,551 | -€6,678 | -34.7% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €957,987 | €1,083,034 | +€125,047 | +13.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,000 | €19,200 | +€7,200 | +60.0% |
| Trade receivables | 40 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 41 | - | €7,200 | +€7,200 | |
| Current investments | 50/53 | €674,704 | €754,323 | +€79,619 | +11.8% |
| Cash at bank and in hand | 54/58 | €78,051 | €117,905 | +€39,854 | +51.1% |
| Deferred charges and accrued income | 490/1 | €93,232 | €91,606 | -€1,626 | -1.7% |
| Total equity and liabilities | 10/49 | €1,061,799 | €1,215,061 | +€153,262 | +14.4% |
| Equity | 10/15 | €1,001,704 | €1,196,868 | +€195,164 | +19.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €983,104 | €1,178,268 | +€195,164 | +19.9% |
| Distributable reserves | 133 | €983,104 | €1,178,268 | +€195,164 | +19.9% |
| Amounts payable | 17/49 | €60,095 | €18,192 | -€41,902 | -69.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €60,095 | €18,192 | -€41,902 | -69.7% |
| Current portion of amounts payable after more than one year | 42 | €9,398 | €2,771 | -€6,628 | -70.5% |
| Trade debts | 44 | €6,351 | €3,106 | -€3,245 | -51.1% |
| Suppliers | 440/4 | €6,351 | €3,106 | -€3,245 | -51.1% |
| Taxes, remuneration and social security | 45 | €32,648 | €0 | -€32,648 | -100% |
| Taxes | 450/3 | €32,648 | €0 | -€32,648 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,698 | €12,315 | +€618 | +5.3% |
| Non-recurring operating income | 76A | €47,801 | €0 | -€47,801 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,206 | €19,392 | -€11,814 | -37.9% |
| Other operating charges | 640/8 | €2,984 | €1,690 | -€1,294 | -43.4% |
| Gross operating margin | 9900 | €304,528 | €290,106 | -€14,422 | -4.7% |
| Operating profit (loss) | 9901 | €270,338 | €269,024 | -€1,313 | -0.5% |
| Financial income | 75/76B | €64,180 | €20,941 | -€43,239 | -67.4% |
| Recurring financial income | 75 | €64,180 | €20,941 | -€43,239 | -67.4% |
| Financial charges | 65/66B | €947 | €3,854 | +€2,907 | +307% |
| Recurring financial charges | 65 | €947 | €3,854 | +€2,907 | +307% |
| Profit (loss) for the period before taxes | 9903 | €333,571 | €286,112 | -€47,459 | -14.2% |
| Income taxes | 67/77 | €106,065 | €90,948 | -€15,118 | -14.3% |
| Profit (loss) for the period | 9904 | €227,505 | €195,164 | -€32,341 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €227,505 | €195,164 | -€32,341 | -14.2% |
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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 2 November 2026 via checked.be.