Dr. Wouter Demuynck: what changed
What changed
Dr. Wouter Demuynck
NACE 86.210, General medical practice
filed annual accounts (NBB)
Net result for the year
€94,547
2024 · €88,545+€6,002
Equity
€580,389
2024 · €536,340+€44,049
Cash
€103,200
2024 · €127,328-€24,128
Balance sheet total
€673,618
2024 · €628,570+€45,048
Largest movements
Assets
- Current investments +€108,857
up €108,857 (+29.2%), from €372,302 to €481,160
- Tangible fixed assets -€38,961
down €38,961 (-30.4%), from €128,219 to €89,258
of which Land and buildings: -€25,549
- Cash -€24,128
down €24,128 (-18.9%), from €127,328 to €103,200
mainly Current investments (-€108,857) and Contributions, distributions and other (-€50,498)
Equity and liabilities
- Reserves +€44,049
up €44,049 (+8.2%), from €535,449 to €579,498
Income statement
- Gross operating margin +€4,556
up €4,556 (+2.3%), from €201,813 to €206,369
- Financial charges -€2,416
down €2,416 (-37.6%), from €6,434 to €4,018
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
€88,545
Gross operating margin
+€4,556
Staff costs
-€841
Depreciation
-€103
Other operating charges
-€133
Financial income
+€901
Financial charges
+€2,416
Taxes
-€794
Result 2025
€94,547
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
+€149,181
Investment
-€115,155
Financing
-€58,154
Cash 2024
€127,328
From operations (derived)
+€149,181
Net result for the year
+€94,547
Depreciation
+€45,258
Deferred charges and accrued income
+€720
Trade debts
-€1,664
Tax, wage and social debts
+€6,382
Other debts
+€192
Accrued charges and deferred income
+€3,745
Investment (derived)
-€115,155
Investment in fixed assets (net)
-€6,297
Current investments
-€108,857
Financing
-€58,154
Debts after one year
-€5,145
Current portion of long-term debt
-€2,511
Contributions, distributions and other
-€50,498
Cash 2025
€103,200
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €628,570 | €673,618 | +€45,048 | +7.2% |
| Fixed assets | 21/28 | €128,219 | €89,258 | -€38,961 | -30.4% |
| Tangible fixed assets | 22/27 | €128,219 | €89,258 | -€38,961 | -30.4% |
| Land and buildings | 22 | €79,401 | €53,853 | -€25,549 | -32.2% |
| Plant, machinery and equipment | 23 | €22,129 | €15,911 | -€6,218 | -28.1% |
| Furniture and vehicles | 24 | €26,689 | €19,494 | -€7,194 | -27.0% |
| Current assets | 29/58 | €500,351 | €584,360 | +€84,009 | +16.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €372,302 | €481,160 | +€108,857 | +29.2% |
| Cash at bank and in hand | 54/58 | €127,328 | €103,200 | -€24,128 | -18.9% |
| Deferred charges and accrued income | 490/1 | €720 | €0 | -€720 | -100% |
| Total equity and liabilities | 10/49 | €628,570 | €673,618 | +€45,048 | +7.2% |
| Equity | 10/15 | €536,340 | €580,389 | +€44,049 | +8.2% |
| Reserves | 13 | €535,449 | €579,498 | +€44,049 | +8.2% |
| Distributable reserves | 133 | €535,449 | €579,498 | +€44,049 | +8.2% |
| Profit (loss) carried forward | 14 | €891 | €891 | = | 0.0% |
| Amounts payable | 17/49 | €92,230 | €93,230 | +€999 | +1.1% |
| Amounts payable after more than one year | 17 | €5,145 | €0 | -€5,145 | -100% |
| Financial debts | 170/4 | €5,145 | €0 | -€5,145 | -100% |
| Amounts payable within one year | 42/48 | €82,896 | €85,295 | +€2,399 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €7,656 | €5,145 | -€2,511 | -32.8% |
| Trade debts | 44 | €9,955 | €8,291 | -€1,664 | -16.7% |
| Suppliers | 440/4 | €9,955 | €8,291 | -€1,664 | -16.7% |
| Taxes, remuneration and social security | 45 | €12,401 | €18,783 | +€6,382 | +51.5% |
| Taxes | 450/3 | €11,631 | €18,013 | +€6,382 | +54.9% |
| Remuneration and social security | 454/9 | €770 | €770 | = | 0.0% |
| Other amounts payable | 47/48 | €52,885 | €53,077 | +€192 | +0.4% |
| Accrued charges and deferred income | 492/3 | €4,189 | €7,934 | +€3,745 | +89.4% |
| Remuneration, social security and pensions | 62 | €33,532 | €34,373 | +€841 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,156 | €45,258 | +€103 | +0.2% |
| Other operating charges | 640/8 | €2,688 | €2,821 | +€133 | +5.0% |
| Gross operating margin | 9900 | €201,813 | €206,369 | +€4,556 | +2.3% |
| Operating profit (loss) | 9901 | €120,438 | €123,917 | +€3,479 | +2.9% |
| Financial income | 75/76B | €9,065 | €9,966 | +€901 | +9.9% |
| Recurring financial income | 75 | €9,065 | €9,966 | +€901 | +9.9% |
| Financial charges | 65/66B | €6,434 | €4,018 | -€2,416 | -37.6% |
| Recurring financial charges | 65 | €6,434 | €4,018 | -€2,416 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €123,068 | €129,864 | +€6,796 | +5.5% |
| Income taxes | 67/77 | €34,524 | €35,318 | +€794 | +2.3% |
| Profit (loss) for the period | 9904 | €88,545 | €94,547 | +€6,002 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €88,545 | €94,547 | +€6,002 | +6.8% |
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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 2 November 2026 via checked.be.