MD CLINIC: 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.
MD CLINIC
Largest movements
- Tangible fixed assets +€175,424
up €175,424 (+28.7%), from €611,855 to €787,279
of which Land and buildings: +€199,967
- Receivables within one year +€110,000
new in 2025: €110,000
- Cash -€68,908
down €68,908 (-24.2%), from €284,389 to €215,481
mainly Investment in fixed assets (net) (-€225,000) and Receivables within one year (-€110,000)
- Profit (loss) carried forward +€136,670
up €136,670 (+43.5%), from €313,841 to €450,510
- Debts after one year +€99,715
up €99,715 (+26.9%), from €370,098 to €469,813
- Other debts -€65,939
down €65,939 (-86.0%), from €76,703 to €10,764
- Tax, wage and social debts +€42,001
up €42,001 (+157%), from €26,717 to €68,718
of which Taxes: +€43,004
- Current portion of long-term debt +€11,578
up €11,578 (+19.1%), from €60,687 to €72,264
- Gross operating margin +€78,502
up €78,502 (+37.4%), from €209,817 to €288,319
- Taxes +€17,291
up €17,291 (+67.2%), from €25,713 to €43,004
- Depreciation +€8,747
up €8,747 (+21.4%), from €40,829 to €49,576
- Financial charges +€5,586
up €5,586 (+57.1%), from €9,779 to €15,365
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €902,317 | €1,117,530 | +€215,213 | +23.9% |
| Fixed assets | 21/28 | €615,221 | €790,645 | +€175,424 | +28.5% |
| Tangible fixed assets | 22/27 | €611,855 | €787,279 | +€175,424 | +28.7% |
| Land and buildings | 22 | €550,642 | €750,608 | +€199,967 | +36.3% |
| Furniture and vehicles | 24 | €14,418 | €4,079 | -€10,339 | -71.7% |
| Leasing and similar rights | 25 | €36,278 | €25,513 | -€10,765 | -29.7% |
| Other tangible fixed assets | 26 | €10,517 | €7,079 | -€3,438 | -32.7% |
| Financial fixed assets | 28 | €3,366 | €3,366 | = | 0.0% |
| Current assets | 29/58 | €287,097 | €326,886 | +€39,789 | +13.9% |
| Amounts receivable within one year | 40/41 | - | €110,000 | +€110,000 | |
| Trade receivables | 40 | - | €110,000 | +€110,000 | |
| Cash at bank and in hand | 54/58 | €284,389 | €215,481 | -€68,908 | -24.2% |
| Deferred charges and accrued income | 490/1 | €2,708 | €1,405 | -€1,303 | -48.1% |
| Total equity and liabilities | 10/49 | €902,317 | €1,117,530 | +€215,213 | +23.9% |
| Equity | 10/15 | €343,841 | €480,510 | +€136,670 | +39.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €313,841 | €450,510 | +€136,670 | +43.5% |
| Amounts payable | 17/49 | €558,477 | €637,020 | +€78,543 | +14.1% |
| Amounts payable after more than one year | 17 | €370,098 | €469,813 | +€99,715 | +26.9% |
| Financial debts | 170/4 | €370,098 | €469,813 | +€99,715 | +26.9% |
| Amounts payable within one year | 42/48 | €188,378 | €167,207 | -€21,172 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €60,687 | €72,264 | +€11,578 | +19.1% |
| Trade debts | 44 | €24,271 | €15,461 | -€8,810 | -36.3% |
| Suppliers | 440/4 | €24,271 | €15,461 | -€8,810 | -36.3% |
| Taxes, remuneration and social security | 45 | €26,717 | €68,718 | +€42,001 | +157% |
| Taxes | 450/3 | €25,713 | €68,718 | +€43,004 | +167% |
| Remuneration and social security | 454/9 | €1,004 | - | -€1,004 | |
| Other amounts payable | 47/48 | €76,703 | €10,764 | -€65,939 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,829 | €49,576 | +€8,747 | +21.4% |
| Other operating charges | 640/8 | €46,428 | €43,661 | -€2,767 | -6.0% |
| Non-recurring operating charges | 66A | - | €43 | +€43 | |
| Gross operating margin | 9900 | €209,817 | €288,319 | +€78,502 | +37.4% |
| Operating profit (loss) | 9901 | €122,560 | €195,039 | +€72,478 | +59.1% |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €9,779 | €15,365 | +€5,586 | +57.1% |
| Recurring financial charges | 65 | €9,779 | €15,365 | +€5,586 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €112,787 | €179,674 | +€66,887 | +59.3% |
| Income taxes | 67/77 | €25,713 | €43,004 | +€17,291 | +67.2% |
| Profit (loss) for the period | 9904 | €87,074 | €136,670 | +€49,595 | +57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,074 | €136,670 | +€49,595 | +57.0% |
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 18 October 2026 via checked.be.