DR. MARJAN COGHE: what changed
What changed
DR. MARJAN COGHE
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€156,263
2024 · €231,436-€75,173
Equity
€741,264
2024 · €1.3m-€584,621
Cash
€15,741
2024 · €71,074-€55,333
Balance sheet total
€1.5m
2024 · €1.7m-€191,904
Largest movements
Assets
- Tangible fixed assets -€102,592
down €102,592 (-11.1%), from €926,847 to €824,255
of which Furniture and vehicles: -€52,863
- Cash -€55,333
down €55,333 (-77.9%), from €71,074 to €15,741
mainly Contributions, distributions and other (-€740,884) and Tax, wage and social debts (-€14,538)
- Receivables within one year -€19,094
down €19,094 (-39.2%), from €48,736 to €29,642
of which Other amounts receivable: -€22,632
Equity and liabilities
- Reserves -€584,621
down €584,621 (-44.7%), from €1.3m to €722,664
of which Distributable reserves: -€584,621
- Other debts +€396,508
up €396,508 (+661%), from €60,000 to €456,508
Income statement
- Gross operating margin -€96,992
down €96,992 (-17.7%), from €546,644 to €449,652
- Taxes -€36,352
down €36,352 (-34.6%), from €105,105 to €68,752
- Depreciation -€18,125
down €18,125 (-19.3%), from €94,035 to €75,910
- Financial charges +€7,582
up €7,582 (+57.5%), from €13,180 to €20,762
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
€231,436
Gross operating margin
-€96,992
Staff costs
-€4,496
Depreciation
+€18,125
Other operating charges
+€650
Other operating items
-€21,557
Financial income
+€327
Financial charges
-€7,582
Taxes
+€36,352
Result 2025
€156,263
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
+€649,519
Investment
+€26,682
Financing
-€731,534
Cash 2024
€71,074
From operations (derived)
+€649,519
Net result for the year
+€156,263
Depreciation
+€75,910
Stocks and contracts
+€14,885
Receivables within one year
+€19,094
Trade debts
+€1,397
Tax, wage and social debts
-€14,538
Other debts
+€396,508
Investment (derived)
+€26,682
Investment in fixed assets (net)
+€26,682
Financing
-€731,534
Debts after one year
-€2,391
Current portion of long-term debt
+€75
Short-term financial debts
+€11,667
Contributions, distributions and other
-€740,884
Cash 2025
€15,741
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,663,621 | €1,471,716 | -€191,904 | -11.5% |
| Fixed assets | 21/28 | €926,847 | €824,255 | -€102,592 | -11.1% |
| Tangible fixed assets | 22/27 | €926,847 | €824,255 | -€102,592 | -11.1% |
| Land and buildings | 22 | €121,618 | €102,292 | -€19,325 | -15.9% |
| Plant, machinery and equipment | 23 | €139,903 | €128,418 | -€11,485 | -8.2% |
| Furniture and vehicles | 24 | €108,621 | €55,758 | -€52,863 | -48.7% |
| Leasing and similar rights | 25 | €556,705 | €537,787 | -€18,918 | -3.4% |
| Current assets | 29/58 | €736,774 | €647,462 | -€89,312 | -12.1% |
| Amounts receivable after more than one year | 29 | €600,000 | €600,000 | = | 0.0% |
| Other amounts receivable | 291 | €600,000 | €600,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €16,963 | €2,079 | -€14,885 | -87.7% |
| Stocks | 30/36 | €16,963 | €2,079 | -€14,885 | -87.7% |
| Amounts receivable within one year | 40/41 | €48,736 | €29,642 | -€19,094 | -39.2% |
| Trade receivables | 40 | €26,104 | €29,642 | +€3,538 | +13.6% |
| Other amounts receivable | 41 | €22,632 | - | -€22,632 | |
| Cash at bank and in hand | 54/58 | €71,074 | €15,741 | -€55,333 | -77.9% |
| Total equity and liabilities | 10/49 | €1,663,621 | €1,471,716 | -€191,904 | -11.5% |
| Equity | 10/15 | €1,325,885 | €741,264 | -€584,621 | -44.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,307,285 | €722,664 | -€584,621 | -44.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,539 | €9,539 | = | 0.0% |
| Distributable reserves | 133 | €1,295,886 | €711,265 | -€584,621 | -45.1% |
| Amounts payable | 17/49 | €337,736 | €730,453 | +€392,717 | +116% |
| Amounts payable after more than one year | 17 | €211,829 | €209,438 | -€2,391 | -1.1% |
| Financial debts | 170/4 | €211,829 | €209,438 | -€2,391 | -1.1% |
| Amounts payable within one year | 42/48 | €125,907 | €521,015 | +€395,108 | +314% |
| Current portion of amounts payable after more than one year | 42 | €2,316 | €2,391 | +€75 | +3.2% |
| Financial debts | 43 | €11,667 | €23,333 | +€11,667 | +100.0% |
| Credit institutions | 430/8 | €11,667 | €23,333 | +€11,667 | +100.0% |
| Trade debts | 44 | €4,856 | €6,253 | +€1,397 | +28.8% |
| Suppliers | 440/4 | €4,856 | €6,253 | +€1,397 | +28.8% |
| Advances received on contracts in progress | 46 | €720 | €720 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €46,348 | €31,810 | -€14,538 | -31.4% |
| Taxes | 450/3 | €35,810 | €21,086 | -€14,724 | -41.1% |
| Remuneration and social security | 454/9 | €10,538 | €10,724 | +€186 | +1.8% |
| Other amounts payable | 47/48 | €60,000 | €456,508 | +€396,508 | +661% |
| Remuneration, social security and pensions | 62 | €107,298 | €111,795 | +€4,496 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,035 | €75,910 | -€18,125 | -19.3% |
| Other operating charges | 640/8 | €4,247 | €3,596 | -€650 | -15.3% |
| Non-recurring operating charges | 66A | - | €21,557 | +€21,557 | |
| Gross operating margin | 9900 | €546,644 | €449,652 | -€96,992 | -17.7% |
| Operating profit (loss) | 9901 | €341,064 | €236,793 | -€104,271 | -30.6% |
| Financial income | 75/76B | €8,657 | €8,984 | +€327 | +3.8% |
| Recurring financial income | 75 | €8,657 | €8,984 | +€327 | +3.8% |
| Financial charges | 65/66B | €13,180 | €20,762 | +€7,582 | +57.5% |
| Recurring financial charges | 65 | €13,180 | €20,762 | +€7,582 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €336,541 | €225,016 | -€111,525 | -33.1% |
| Income taxes | 67/77 | €105,105 | €68,752 | -€36,352 | -34.6% |
| Profit (loss) for the period | 9904 | €231,436 | €156,263 | -€75,173 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €231,436 | €156,263 | -€75,173 | -32.5% |
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 1 November 2026 via checked.be.