GERMANOS NEPHROLOGIE SPRL: what changed
What changed
GERMANOS NEPHROLOGIE SPRL
filed annual accounts (NBB)
Net result for the year
-€92,163
2024 · €258,749-€350,911
Equity
€2.2m
2024 · €2.3m-€92,163
Cash
€508,849
2024 · €705,709-€196,860
Balance sheet total
€2.5m
2024 · €2.3m+€161,484
Largest movements
Assets
- Financial fixed assets +€804,560
up €804,560 (+1,047,195%), from €77 to €804,637
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Cash -€196,860
down €196,860 (-27.9%), from €705,709 to €508,849
mainly Investment in fixed assets (net) (-€859,901) and Net result for the year (-€92,163)
- Tangible fixed assets +€34,341
up €34,341 (+39.5%), from €86,971 to €121,312
of which Plant, machinery and equipment: +€19,203
Equity and liabilities
- Accrued charges and deferred income +€273,645
new in 2025: €273,645
- Profit (loss) carried forward -€92,163
down €92,163 (-6.2%), from €1.5m to €1.4m
Income statement
- Gross operating margin -€234,301
down €234,301 (-55.2%), from €424,190 to €189,889
- Taxes +€129,377
up €129,377 (+93.4%), from €138,529 to €267,906
- Other operating charges -€7,215
down €7,215 (-47.1%), from €15,309 to €8,093
- Staff costs -€6,242
down €6,242 (-28.1%), from €22,175 to €15,933
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
€258,749
Gross operating margin
-€234,301
Staff costs
+€6,242
Depreciation
-€3,907
Other operating charges
+€7,215
Financial income
+€3,017
Financial charges
+€199
Taxes
-€129,377
Result 2025
-€92,163
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
+€163,041
Investment
-€359,901
Financing
€0
Cash 2024
€705,709
From operations (derived)
+€163,041
Net result for the year
-€92,163
Depreciation
+€21,001
Receivables within one year
-€19,443
Tax, wage and social debts
-€19,999
Accrued charges and deferred income
+€273,645
Investment (derived)
-€359,901
Investment in fixed assets (net)
-€859,901
Current investments
+€500,000
Cash 2025
€508,849
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,340,760 | €2,502,244 | +€161,484 | +6.9% |
| Fixed assets | 21/28 | €87,048 | €925,949 | +€838,901 | +964% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €86,971 | €121,312 | +€34,341 | +39.5% |
| Land and buildings | 22 | €12,162 | €12,162 | = | 0.0% |
| Plant, machinery and equipment | 23 | €74,809 | €94,012 | +€19,203 | +25.7% |
| Furniture and vehicles | 24 | - | €15,138 | +€15,138 | |
| Financial fixed assets | 28 | €77 | €804,637 | +€804,560 | +1,047,195% |
| Current assets | 29/58 | €2,253,712 | €1,576,296 | -€677,417 | -30.1% |
| Amounts receivable after more than one year | 29 | €561,846 | €561,846 | = | 0.0% |
| Other amounts receivable | 291 | €561,846 | €561,846 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €214,550 | €233,993 | +€19,443 | +9.1% |
| Other amounts receivable | 41 | €214,550 | €233,993 | +€19,443 | +9.1% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €705,709 | €508,849 | -€196,860 | -27.9% |
| Deferred charges and accrued income | 490/1 | €271,607 | €271,607 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,340,760 | €2,502,244 | +€161,484 | +6.9% |
| Equity | 10/15 | €2,260,600 | €2,168,437 | -€92,163 | -4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €756,860 | €756,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €400,000 | €400,000 | = | 0.0% |
| Distributable reserves | 133 | €355,000 | €355,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,491,340 | €1,399,177 | -€92,163 | -6.2% |
| Amounts payable | 17/49 | €80,161 | €333,807 | +€253,646 | +316% |
| Amounts payable within one year | 42/48 | €80,161 | €60,162 | -€19,999 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €60,161 | €60,161 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €20,000 | €1 | -€19,999 | -100.0% |
| Taxes | 450/3 | €20,000 | €1 | -€19,999 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €273,645 | +€273,645 | |
| Remuneration, social security and pensions | 62 | €22,175 | €15,933 | -€6,242 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,094 | €21,001 | +€3,907 | +22.9% |
| Other operating charges | 640/8 | €15,309 | €8,093 | -€7,215 | -47.1% |
| Gross operating margin | 9900 | €424,190 | €189,889 | -€234,301 | -55.2% |
| Operating profit (loss) | 9901 | €369,612 | €144,862 | -€224,750 | -60.8% |
| Financial income | 75/76B | €29,784 | €32,801 | +€3,017 | +10.1% |
| Recurring financial income | 75 | €29,784 | €32,801 | +€3,017 | +10.1% |
| Financial charges | 65/66B | €2,118 | €1,919 | -€199 | -9.4% |
| Recurring financial charges | 65 | €2,118 | €1,919 | -€199 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €397,278 | €175,744 | -€221,534 | -55.8% |
| Income taxes | 67/77 | €138,529 | €267,906 | +€129,377 | +93.4% |
| Profit (loss) for the period | 9904 | €258,749 | -€92,163 | -€350,911 | |
| Profit (loss) for the period to be appropriated | 9905 | €258,749 | -€92,163 | -€350,911 |
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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.