DR. NICOLAS MÜLLER: what changed
What changed
DR. NICOLAS MÜLLER
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€207,801
2024 · €204,392+€3,409
Equity
€1.7m
2024 · €1.4m+€207,801
Cash
€331,145
2024 · €370,020-€38,875
Balance sheet total
€1.7m
2024 · €1.5m+€210,952
Largest movements
Assets
- Current investments +€143,545
up €143,545 (+44.1%), from €325,335 to €468,881
- Tangible fixed assets +€94,452
up €94,452 (+13.9%), from €679,968 to €774,420
of which Land and buildings: +€110,149
- Cash -€38,875
down €38,875 (-10.5%), from €370,020 to €331,145
mainly Investment in fixed assets (net) (-€175,618) and Current investments (-€143,545)
Equity and liabilities
- Reserves +€207,801
up €207,801 (+14.4%), from €1.4m to €1.6m
Income statement
- Gross operating margin +€31,678
up €31,678 (+9.0%), from €352,601 to €384,279
- Depreciation +€22,980
up €22,980 (+39.5%), from €58,186 to €81,166
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
€204,392
Gross operating margin
+€31,678
Depreciation
-€22,980
Other operating charges
-€1,058
Other operating items
-€135
Financial income
-€3,161
Financial charges
+€159
Taxes
-€1,094
Result 2025
€207,801
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
+€280,288
Investment
-€319,163
Financing
€0
Cash 2024
€370,020
From operations (derived)
+€280,288
Net result for the year
+€207,801
Depreciation
+€81,166
Receivables within one year
-€9,965
Deferred charges and accrued income
-€1,865
Smaller working-capital items
-€64
Tax, wage and social debts
+€3,215
Investment (derived)
-€319,163
Investment in fixed assets (net)
-€175,618
Current investments
-€143,545
Cash 2025
€331,145
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,454,831 | €1,665,784 | +€210,952 | +14.5% |
| Fixed assets | 21/28 | €679,968 | €774,420 | +€94,452 | +13.9% |
| Tangible fixed assets | 22/27 | €679,968 | €774,420 | +€94,452 | +13.9% |
| Land and buildings | 22 | €611,945 | €722,094 | +€110,149 | +18.0% |
| Plant, machinery and equipment | 23 | €2,447 | €1,793 | -€654 | -26.7% |
| Furniture and vehicles | 24 | €61,598 | €47,300 | -€14,299 | -23.2% |
| Other tangible fixed assets | 26 | €3,978 | €3,233 | -€745 | -18.7% |
| Current assets | 29/58 | €774,863 | €891,364 | +€116,501 | +15.0% |
| Amounts receivable within one year | 40/41 | €21,600 | €31,565 | +€9,965 | +46.1% |
| Other amounts receivable | 41 | €21,600 | €31,565 | +€9,965 | +46.1% |
| Current investments | 50/53 | €325,335 | €468,881 | +€143,545 | +44.1% |
| Cash at bank and in hand | 54/58 | €370,020 | €331,145 | -€38,875 | -10.5% |
| Deferred charges and accrued income | 490/1 | €57,908 | €59,773 | +€1,865 | +3.2% |
| Total equity and liabilities | 10/49 | €1,454,831 | €1,665,784 | +€210,952 | +14.5% |
| Equity | 10/15 | €1,447,692 | €1,655,494 | +€207,801 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,439,472 | €1,647,273 | +€207,801 | +14.4% |
| Distributable reserves | 133 | €1,439,472 | €1,647,273 | +€207,801 | +14.4% |
| Profit (loss) carried forward | 14 | €2,020 | €2,020 | = | 0.0% |
| Amounts payable | 17/49 | €7,139 | €10,290 | +€3,151 | +44.1% |
| Amounts payable after more than one year | 17 | €125 | €125 | = | 0.0% |
| Other amounts payable | 178/9 | €125 | €125 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,846 | €10,165 | +€3,319 | +48.5% |
| Trade debts | 44 | €642 | €745 | +€103 | +16.1% |
| Suppliers | 440/4 | €642 | €745 | +€103 | +16.1% |
| Taxes, remuneration and social security | 45 | €6,205 | €9,420 | +€3,215 | +51.8% |
| Taxes | 450/3 | €6,205 | €9,420 | +€3,215 | +51.8% |
| Accrued charges and deferred income | 492/3 | €168 | - | -€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,186 | €81,166 | +€22,980 | +39.5% |
| Other operating charges | 640/8 | €6,365 | €7,422 | +€1,058 | +16.6% |
| Non-recurring operating charges | 66A | - | €135 | +€135 | |
| Gross operating margin | 9900 | €352,601 | €384,279 | +€31,678 | +9.0% |
| Operating profit (loss) | 9901 | €288,050 | €295,556 | +€7,506 | +2.6% |
| Financial income | 75/76B | €8,675 | €5,515 | -€3,161 | -36.4% |
| Recurring financial income | 75 | €8,675 | €5,515 | -€3,161 | -36.4% |
| Financial charges | 65/66B | €227 | €68 | -€159 | -70.0% |
| Recurring financial charges | 65 | €227 | €68 | -€159 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €296,499 | €301,003 | +€4,503 | +1.5% |
| Income taxes | 67/77 | €92,107 | €93,201 | +€1,094 | +1.2% |
| Profit (loss) for the period | 9904 | €204,392 | €207,801 | +€3,409 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €204,392 | €207,801 | +€3,409 | +1.7% |
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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 3 November 2026 via checked.be.