ma clinic: what changed
What changed
ma clinic
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
not consecutivefiled annual accounts (NBB)
Net result for the year
€91,052
2024 · €148,412-€57,360
Equity
€1.3m
2024 · €1.2m+€91,052
Cash
€93,074
2024 · €157,223-€64,149
Balance sheet total
€5.6m
2024 · €3.2m+€2.4m
Largest movements
Assets
- Tangible fixed assets +€1.9m
up €1.9m (+67.5%), from €2.8m to €4.7m
of which Leasing and similar rights: +€2.3m
- Current investments +€490,000
new in 2025: €490,000
- Cash -€64,149
down €64,149 (-40.8%), from €157,223 to €93,074
- Receivables within one year +€56,092
up €56,092 (+36.5%), from €153,858 to €209,950
of which Other amounts receivable: +€155,373
Equity and liabilities
- Debts after one year +€2.3m
up €2.3m (+348%), from €651,034 to €2.9m
of which Financial debts: +€2.3m
- Other debts -€157,585
down €157,585 (-83.2%), from €189,405 to €31,820
- Current portion of long-term debt +€126,895
up €126,895 (+106%), from €119,516 to €246,411
- Profit (loss) carried forward +€91,052
up €91,052 (+34.6%), from -€262,931 to -€171,879
Income statement
- Gross operating margin +€308,836
up €308,836 (+49.3%), from €625,946 to €934,782
- Other operating charges +€181,776
up €181,776 (+1,721%), from €10,562 to €192,338
- Depreciation +€80,542
up €80,542 (+63.2%), from €127,343 to €207,886
- Staff costs +€55,122
up €55,122 (+22.5%), from €245,242 to €300,364
- Financial charges +€43,969
up €43,969 (+46.9%), from €93,751 to €137,720
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
€148,412
Gross operating margin
+€308,836
Staff costs
-€55,122
Depreciation
-€80,542
Provisions
+€8,989
Other operating charges
-€181,776
Financial income
+€6,232
Financial charges
-€43,969
Taxes
-€20,008
Result 2025
€91,052
raises the resultlowers the result
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,219,739 | €5,593,064 | +€2.4m | +73.7% |
| Fixed assets | 21/28 | €2,790,066 | €4,674,185 | +€1.9m | +67.5% |
| Tangible fixed assets | 22/27 | €2,789,703 | €4,673,822 | +€1.9m | +67.5% |
| Land and buildings | 22 | €2,308,213 | €2,054,485 | -€253,727 | -11.0% |
| Plant, machinery and equipment | 23 | €398,223 | €229,975 | -€168,248 | -42.2% |
| Furniture and vehicles | 24 | €83,268 | €49,202 | -€34,066 | -40.9% |
| Leasing and similar rights | 25 | - | €2,340,160 | +€2.3m | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €429,673 | €918,879 | +€489,206 | +114% |
| Amounts receivable after more than one year | 29 | €112,355 | €116,594 | +€4,239 | +3.8% |
| Other amounts receivable | 291 | €112,355 | €116,594 | +€4,239 | +3.8% |
| Amounts receivable within one year | 40/41 | €153,858 | €209,950 | +€56,092 | +36.5% |
| Trade receivables | 40 | €151,350 | €52,069 | -€99,281 | -65.6% |
| Other amounts receivable | 41 | €2,508 | €157,881 | +€155,373 | +6,195% |
| Current investments | 50/53 | - | €490,000 | +€490,000 | |
| Cash at bank and in hand | 54/58 | €157,223 | €93,074 | -€64,149 | -40.8% |
| Deferred charges and accrued income | 490/1 | €6,236 | €9,260 | +€3,024 | +48.5% |
| Total equity and liabilities | 10/49 | €3,219,739 | €5,593,064 | +€2.4m | +73.7% |
| Equity | 10/15 | €1,241,315 | €1,332,368 | +€91,052 | +7.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €4,246 | €4,246 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,246 | €4,246 | = | 0.0% |
| Legal reserve | 130 | €4,246 | €4,246 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€262,931 | -€171,879 | +€91,052 | +34.6% |
| Provisions and deferred taxes | 16 | €892,880 | €868,161 | -€24,719 | -2.8% |
| Provisions for liabilities and charges | 160/5 | €892,880 | €868,161 | -€24,719 | -2.8% |
| Environmental obligations | 163 | €892,880 | €868,161 | -€24,719 | -2.8% |
| Amounts payable | 17/49 | €1,085,544 | €3,392,536 | +€2.3m | +213% |
| Amounts payable after more than one year | 17 | €651,034 | €2,919,543 | +€2.3m | +348% |
| Financial debts | 170/4 | €509,330 | €2,816,706 | +€2.3m | +453% |
| Other amounts payable | 178/9 | €141,704 | €102,837 | -€38,867 | -27.4% |
| Amounts payable within one year | 42/48 | €433,850 | €472,689 | +€38,838 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €119,516 | €246,411 | +€126,895 | +106% |
| Trade debts | 44 | €24,206 | €52,050 | +€27,843 | +115% |
| Suppliers | 440/4 | €24,206 | €52,050 | +€27,843 | +115% |
| Advances received on contracts in progress | 46 | - | €49,503 | +€49,503 | |
| Taxes, remuneration and social security | 45 | €100,724 | €92,905 | -€7,818 | -7.8% |
| Taxes | 450/3 | €49,749 | €68,970 | +€19,220 | +38.6% |
| Remuneration and social security | 454/9 | €50,974 | €23,935 | -€27,039 | -53.0% |
| Other amounts payable | 47/48 | €189,405 | €31,820 | -€157,585 | -83.2% |
| Accrued charges and deferred income | 492/3 | €660 | €304 | -€356 | -53.9% |
| Remuneration, social security and pensions | 62 | €245,242 | €300,364 | +€55,122 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,343 | €207,886 | +€80,542 | +63.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,730 | -€24,719 | -€8,989 | -57.1% |
| Other operating charges | 640/8 | €10,562 | €192,338 | +€181,776 | +1,721% |
| Gross operating margin | 9900 | €625,946 | €934,782 | +€308,836 | +49.3% |
| Operating profit (loss) | 9901 | €258,529 | €258,914 | +€384 | +0.1% |
| Financial income | 75/76B | €2,789 | €9,021 | +€6,232 | +223% |
| Recurring financial income | 75 | €2,789 | €9,021 | +€6,232 | +223% |
| Financial charges | 65/66B | €93,751 | €137,720 | +€43,969 | +46.9% |
| Recurring financial charges | 65 | €93,751 | €137,720 | +€43,969 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €167,567 | €130,215 | -€37,352 | -22.3% |
| Income taxes | 67/77 | €19,155 | €39,163 | +€20,008 | +104% |
| Profit (loss) for the period | 9904 | €148,412 | €91,052 | -€57,360 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €148,412 | €91,052 | -€57,360 | -38.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 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.