DR. PHILIPPE LAMORAL: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
DR. PHILIPPE LAMORAL
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€299,566
2024 · €274,808+€24,758
Equity
€1.1m
2024 · €1.1m-€8,634
Cash
€41,649
2024 · €493,066-€451,418
Balance sheet total
€1.4m
2024 · €1.3m+€48,445
Largest movements
Assets
- Current investments +€475,238
up €475,238 (+190,095%), from €250 to €475,488
- Cash -€451,418
down €451,418 (-91.6%), from €493,066 to €41,649
mainly Current investments (-€475,238) and Contributions, distributions and other (-€308,200)
- Deferred charges and accrued income +€28,766
up €28,766 (+450%), from €6,387 to €35,153
Equity and liabilities
- Tax, wage and social debts +€42,827
up €42,827 (+86.2%), from €49,673 to €92,500
of which Taxes: +€43,076
- Trade debts +€15,932
up €15,932 (+60.9%), from €26,144 to €42,076
Income statement
- Gross operating margin +€54,578
up €54,578 (+13.5%), from €403,855 to €458,433
- Taxes +€19,253
up €19,253 (+16.0%), from €120,012 to €139,265
- Financial charges +€10,435
up €10,435 (+82.2%), from €12,696 to €23,132
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€274,808
Gross operating margin
+€54,578
Staff costs
+€1,098
Depreciation
-€3,148
Other operating charges
-€99
Financial income
+€2,018
Financial charges
-€10,435
Taxes
-€19,253
Result 2025
€299,566
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€339,644
Investment
-€475,565
Financing
-€315,497
Cash 2024
€493,066
From operations (derived)
+€339,644
Net result for the year
+€299,566
Depreciation
+€13,292
Receivables within one year
-€8,825
Deferred charges and accrued income
-€28,766
Trade debts
+€15,932
Tax, wage and social debts
+€42,827
Other debts
+€5,395
Accrued charges and deferred income
+€223
Investment (derived)
-€475,565
Investment in fixed assets (net)
-€327
Current investments
-€475,238
Financing
-€315,497
Current portion of long-term debt
-€6,817
Short-term financial debts
-€480
Contributions, distributions and other
-€308,200
Cash 2025
€41,649
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,322,507 | €1,370,952 | +€48,445 | +3.7% |
| Fixed assets | 21/28 | €113,892 | €100,927 | -€12,965 | -11.4% |
| Tangible fixed assets | 22/27 | €69,392 | €57,427 | -€11,965 | -17.2% |
| Plant, machinery and equipment | 23 | €5,812 | €4,399 | -€1,413 | -24.3% |
| Furniture and vehicles | 24 | €63,580 | €53,028 | -€10,552 | -16.6% |
| Financial fixed assets | 28 | €44,500 | €43,500 | -€1,000 | -2.2% |
| Current assets | 29/58 | €1,208,615 | €1,270,025 | +€61,411 | +5.1% |
| Amounts receivable after more than one year | 29 | €644,413 | €644,413 | = | 0.0% |
| Other amounts receivable | 291 | €644,413 | €644,413 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,499 | €73,324 | +€8,825 | +13.7% |
| Trade receivables | 40 | €23,504 | €35,713 | +€12,209 | +51.9% |
| Other amounts receivable | 41 | €40,995 | €37,611 | -€3,384 | -8.3% |
| Current investments | 50/53 | €250 | €475,488 | +€475,238 | +190,095% |
| Cash at bank and in hand | 54/58 | €493,066 | €41,649 | -€451,418 | -91.6% |
| Deferred charges and accrued income | 490/1 | €6,387 | €35,153 | +€28,766 | +450% |
| Total equity and liabilities | 10/49 | €1,322,507 | €1,370,952 | +€48,445 | +3.7% |
| Equity | 10/15 | €1,141,645 | €1,133,011 | -€8,634 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,123,045 | €1,114,411 | -€8,634 | -0.8% |
| Tax-exempt reserves | 132 | €42,100 | €42,100 | = | 0.0% |
| Distributable reserves | 133 | €1,080,945 | €1,072,311 | -€8,634 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €180,861 | €237,941 | +€57,079 | +31.6% |
| Amounts payable within one year | 42/48 | €173,685 | €230,542 | +€56,857 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €6,817 | €0 | -€6,817 | -100% |
| Financial debts | 43 | €524 | €44 | -€480 | -91.6% |
| Other loans | 439 | €524 | €44 | -€480 | -91.6% |
| Trade debts | 44 | €26,144 | €42,076 | +€15,932 | +60.9% |
| Suppliers | 440/4 | €26,144 | €42,076 | +€15,932 | +60.9% |
| Taxes, remuneration and social security | 45 | €49,673 | €92,500 | +€42,827 | +86.2% |
| Taxes | 450/3 | €49,424 | €92,500 | +€43,076 | +87.2% |
| Remuneration and social security | 454/9 | €249 | €0 | -€249 | -100% |
| Other amounts payable | 47/48 | €90,527 | €95,922 | +€5,395 | +6.0% |
| Accrued charges and deferred income | 492/3 | €7,176 | €7,399 | +€223 | +3.1% |
| Non-recurring operating income | 76A | €14,920 | €0 | -€14,920 | -100% |
| Remuneration, social security and pensions | 62 | €5,425 | €4,327 | -€1,098 | -20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,145 | €13,292 | +€3,148 | +31.0% |
| Other operating charges | 640/8 | €1,624 | €1,723 | +€99 | +6.1% |
| Gross operating margin | 9900 | €403,855 | €458,433 | +€54,578 | +13.5% |
| Operating profit (loss) | 9901 | €386,662 | €439,091 | +€52,429 | +13.6% |
| Financial income | 75/76B | €20,853 | €22,872 | +€2,018 | +9.7% |
| Recurring financial income | 75 | €20,853 | €22,872 | +€2,018 | +9.7% |
| Financial charges | 65/66B | €12,696 | €23,132 | +€10,435 | +82.2% |
| Recurring financial charges | 65 | €12,696 | €23,132 | +€10,435 | +82.2% |
| Profit (loss) for the period before taxes | 9903 | €394,819 | €438,831 | +€44,012 | +11.1% |
| Income taxes | 67/77 | €120,012 | €139,265 | +€19,253 | +16.0% |
| Profit (loss) for the period | 9904 | €274,808 | €299,566 | +€24,758 | +9.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €42,100 | €0 | -€42,100 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €232,708 | €299,566 | +€66,858 | +28.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.