Dr. Murielle Herman: what changed
What changed
Dr. Murielle Herman
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€260,668
2024 · €239,966+€20,702
Equity
€1.3m
2024 · €1.1m+€171,520
Cash
€377,269
2024 · €176,653+€200,615
Balance sheet total
€1.5m
2024 · €1.3m+€159,508
Largest movements
Assets
- Cash +€200,615
up €200,615 (+114%), from €176,653 to €377,269
mainly Net result for the year (+€260,668) and Current investments (+€28,536)
- Current investments -€28,536
down €28,536 (-3.1%), from €909,262 to €880,726
Equity and liabilities
- Reserves +€171,520
up €171,520 (+15.3%), from €1.1m to €1.3m
of which Distributable reserves: +€171,520
Income statement
- Gross operating margin +€22,340
up €22,340 (+6.0%), from €370,489 to €392,830
- Taxes +€9,633
up €9,633 (+9.0%), from €107,383 to €117,016
- Financial income +€4,113
up €4,113 (+36.5%), from €11,263 to €15,376
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
€239,966
Gross operating margin
+€22,340
Depreciation
+€387
Other operating charges
-€23
Other operating items
+€2,900
Financial income
+€4,113
Financial charges
+€618
Taxes
-€9,633
Result 2025
€260,668
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
+€268,816
Investment
+€20,947
Financing
-€89,148
Cash 2024
€176,653
From operations (derived)
+€268,816
Net result for the year
+€260,668
Depreciation
+€17,672
Receivables within one year
-€1,692
Deferred charges and accrued income
+€4,180
Trade debts
-€4,130
Tax, wage and social debts
+€6,335
Other debts
-€13,758
Accrued charges and deferred income
-€459
Investment (derived)
+€20,947
Investment in fixed assets (net)
-€7,589
Current investments
+€28,536
Financing
-€89,148
Contributions, distributions and other
-€89,148
Cash 2025
€377,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,316,607 | €1,476,115 | +€159,508 | +12.1% |
| Fixed assets | 21/28 | €91,625 | €81,542 | -€10,083 | -11.0% |
| Tangible fixed assets | 22/27 | €90,130 | €80,047 | -€10,083 | -11.2% |
| Land and buildings | 22 | €82,285 | €75,800 | -€6,485 | -7.9% |
| Plant, machinery and equipment | 23 | €4,095 | €1,620 | -€2,475 | -60.4% |
| Furniture and vehicles | 24 | €3,750 | €2,627 | -€1,123 | -30.0% |
| Financial fixed assets | 28 | €1,495 | €1,495 | = | 0.0% |
| Current assets | 29/58 | €1,224,982 | €1,394,573 | +€169,591 | +13.8% |
| Amounts receivable within one year | 40/41 | - | €1,692 | +€1,692 | |
| Trade receivables | 40 | - | €1,692 | +€1,692 | |
| Current investments | 50/53 | €909,262 | €880,726 | -€28,536 | -3.1% |
| Cash at bank and in hand | 54/58 | €176,653 | €377,269 | +€200,615 | +114% |
| Deferred charges and accrued income | 490/1 | €139,067 | €134,886 | -€4,180 | -3.0% |
| Total equity and liabilities | 10/49 | €1,316,607 | €1,476,115 | +€159,508 | +12.1% |
| Equity | 10/15 | €1,130,023 | €1,301,543 | +€171,520 | +15.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €1,117,523 | €1,289,043 | +€171,520 | +15.3% |
| Tax-exempt reserves | 132 | €435 | €435 | = | 0.0% |
| Distributable reserves | 133 | €1,117,088 | €1,288,608 | +€171,520 | +15.4% |
| Amounts payable | 17/49 | €186,584 | €174,573 | -€12,012 | -6.4% |
| Amounts payable within one year | 42/48 | €179,353 | €167,800 | -€11,553 | -6.4% |
| Trade debts | 44 | €10,330 | €6,201 | -€4,130 | -40.0% |
| Suppliers | 440/4 | €10,330 | €6,201 | -€4,130 | -40.0% |
| Taxes, remuneration and social security | 45 | €37,308 | €43,642 | +€6,335 | +17.0% |
| Taxes | 450/3 | €31,333 | €37,667 | +€6,335 | +20.2% |
| Remuneration and social security | 454/9 | €5,975 | €5,975 | = | 0.0% |
| Other amounts payable | 47/48 | €131,715 | €117,957 | -€13,758 | -10.4% |
| Accrued charges and deferred income | 492/3 | €7,231 | €6,772 | -€459 | -6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,059 | €17,672 | -€387 | -2.1% |
| Other operating charges | 640/8 | €514 | €537 | +€23 | +4.5% |
| Non-recurring operating charges | 66A | €6,000 | €3,100 | -€2,900 | -48.3% |
| Gross operating margin | 9900 | €370,489 | €392,830 | +€22,340 | +6.0% |
| Operating profit (loss) | 9901 | €345,917 | €371,521 | +€25,604 | +7.4% |
| Financial income | 75/76B | €11,263 | €15,376 | +€4,113 | +36.5% |
| Recurring financial income | 75 | €11,263 | €15,376 | +€4,113 | +36.5% |
| Financial charges | 65/66B | €9,830 | €9,213 | -€618 | -6.3% |
| Recurring financial charges | 65 | €9,830 | €9,213 | -€618 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €347,349 | €377,684 | +€30,335 | +8.7% |
| Income taxes | 67/77 | €107,383 | €117,016 | +€9,633 | +9.0% |
| Profit (loss) for the period | 9904 | €239,966 | €260,668 | +€20,702 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €239,966 | €260,668 | +€20,702 | +8.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.