DR. O. SEGAL: what changed
What changed
DR. O. SEGAL
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€252,395
2024 · €199,783+€52,612
Equity
€18,600
2024 · €220,243-€201,643
Cash
€223,339
2024 · €174,313+€49,026
Balance sheet total
€737,391
2024 · €596,631+€140,761
Largest movements
Assets
- Tangible fixed assets +€59,956
up €59,956 (+24.0%), from €249,829 to €309,785
of which Leasing and similar rights: +€67,710
- Cash +€49,026
up €49,026 (+28.1%), from €174,313 to €223,339
mainly Other debts (+€295,297) and Net result for the year (+€252,395)
- Current investments +€28,000
up €28,000, from €0 to €28,000
Equity and liabilities
- Other debts +€295,297
up €295,297 (+202%), from €146,030 to €441,326
- Reserves -€201,643
down €201,643 (-100%), from €201,643 to €0
of which Distributable reserves: -€201,643
- Debts after one year +€27,974
up €27,974 (+13.8%), from €202,682 to €230,656
- Current portion of long-term debt +€9,246
up €9,246 (+65.5%), from €14,115 to €23,360
Income statement
- Gross operating margin +€57,786
up €57,786 (+18.6%), from €310,822 to €368,608
- Depreciation -€26,358
down €26,358 (-56.8%), from €46,428 to €20,070
- Taxes +€16,599
up €16,599 (+26.5%), from €62,669 to €79,268
- Financial charges +€13,769
up €13,769 (+616%), from €2,234 to €16,004
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
€199,783
Gross operating margin
+€57,786
Depreciation
+€26,358
Other operating charges
-€689
Financial income
-€475
Financial charges
-€13,769
Taxes
-€16,599
Result 2025
€252,395
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
+€573,871
Investment
-€108,026
Financing
-€416,819
Cash 2024
€174,313
From operations (derived)
+€573,871
Net result for the year
+€252,395
Depreciation
+€20,070
Receivables within one year
-€3,779
Trade debts
+€3,651
Tax, wage and social debts
+€6,237
Other debts
+€295,297
Investment (derived)
-€108,026
Investment in fixed assets (net)
-€80,026
Current investments
-€28,000
Financing
-€416,819
Debts after one year
+€27,974
Current portion of long-term debt
+€9,246
Contributions, distributions and other
-€454,038
Cash 2025
€223,339
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €596,631 | €737,391 | +€140,761 | +23.6% |
| Fixed assets | 21/28 | €251,929 | €311,885 | +€59,956 | +23.8% |
| Tangible fixed assets | 22/27 | €249,829 | €309,785 | +€59,956 | +24.0% |
| Land and buildings | 22 | €243,301 | €236,128 | -€7,173 | -2.9% |
| Plant, machinery and equipment | 23 | €955 | €770 | -€185 | -19.4% |
| Furniture and vehicles | 24 | €3,440 | €2,809 | -€631 | -18.4% |
| Leasing and similar rights | 25 | - | €67,710 | +€67,710 | |
| Other tangible fixed assets | 26 | €2,132 | €2,368 | +€236 | +11.1% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €344,702 | €425,506 | +€80,805 | +23.4% |
| Amounts receivable within one year | 40/41 | €170,389 | €174,168 | +€3,779 | +2.2% |
| Trade receivables | 40 | €169,417 | €174,168 | +€4,750 | +2.8% |
| Other amounts receivable | 41 | €971 | €0 | -€971 | -100% |
| Current investments | 50/53 | €0 | €28,000 | +€28,000 | |
| Cash at bank and in hand | 54/58 | €174,313 | €223,339 | +€49,026 | +28.1% |
| Total equity and liabilities | 10/49 | €596,631 | €737,391 | +€140,761 | +23.6% |
| Equity | 10/15 | €220,243 | €18,600 | -€201,643 | -91.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €201,643 | €0 | -€201,643 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €201,643 | €0 | -€201,643 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €376,388 | €718,791 | +€342,404 | +91.0% |
| Amounts payable after more than one year | 17 | €202,682 | €230,656 | +€27,974 | +13.8% |
| Financial debts | 170/4 | €202,682 | €230,656 | +€27,974 | +13.8% |
| Amounts payable within one year | 42/48 | €173,706 | €488,136 | +€314,430 | +181% |
| Current portion of amounts payable after more than one year | 42 | €14,115 | €23,360 | +€9,246 | +65.5% |
| Trade debts | 44 | €2,062 | €5,713 | +€3,651 | +177% |
| Suppliers | 440/4 | €2,062 | €5,713 | +€3,651 | +177% |
| Taxes, remuneration and social security | 45 | €11,500 | €17,737 | +€6,237 | +54.2% |
| Taxes | 450/3 | €7,035 | €17,737 | +€10,702 | +152% |
| Remuneration and social security | 454/9 | €4,465 | €0 | -€4,465 | -100% |
| Other amounts payable | 47/48 | €146,030 | €441,326 | +€295,297 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,428 | €20,070 | -€26,358 | -56.8% |
| Other operating charges | 640/8 | €2,017 | €2,706 | +€689 | +34.1% |
| Gross operating margin | 9900 | €310,822 | €368,608 | +€57,786 | +18.6% |
| Operating profit (loss) | 9901 | €262,376 | €345,832 | +€83,455 | +31.8% |
| Financial income | 75/76B | €2,310 | €1,836 | -€475 | -20.5% |
| Recurring financial income | 75 | €2,310 | €1,836 | -€475 | -20.5% |
| Financial charges | 65/66B | €2,234 | €16,004 | +€13,769 | +616% |
| Recurring financial charges | 65 | €2,234 | €16,004 | +€13,769 | +616% |
| Profit (loss) for the period before taxes | 9903 | €262,452 | €331,663 | +€69,211 | +26.4% |
| Income taxes | 67/77 | €62,669 | €79,268 | +€16,599 | +26.5% |
| Profit (loss) for the period | 9904 | €199,783 | €252,395 | +€52,612 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €199,783 | €252,395 | +€52,612 | +26.3% |
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.