MD Neurochir: what changed
MD Neurochir
Largest movements
- Cash +€105,391
up €105,391 (+81.3%), from €129,686 to €235,077
mainly Net result for the year (+€79,362) and Depreciation (+€29,869)
- Intangible fixed assets -€29,300
down €29,300 (-10.9%), from €268,343 to €239,043
- Profit (loss) carried forward +€79,362
up €79,362 (+46.8%), from €169,691 to €249,053
- Gross operating margin -€112,619
down €112,619 (-45.2%), from €248,989 to €136,370
- Taxes -€30,942
down €30,942 (-59.5%), from €52,014 to €21,073
- Depreciation +€4,792
up €4,792 (+19.1%), from €25,078 to €29,869
- Financial charges +€3,848
up €3,848 (+212%), from €1,819 to €5,666
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,814 | €525,416 | +€77,602 | +17.3% |
| Fixed assets | 21/28 | €269,422 | €240,882 | -€28,540 | -10.6% |
| Intangible fixed assets | 21 | €268,343 | €239,043 | -€29,300 | -10.9% |
| Tangible fixed assets | 22/27 | €1,079 | €1,839 | +€760 | +70.4% |
| Plant, machinery and equipment | 23 | €1,079 | €579 | -€500 | -46.3% |
| Furniture and vehicles | 24 | - | €1,260 | +€1,260 | |
| Current assets | 29/58 | €178,392 | €284,534 | +€106,142 | +59.5% |
| Amounts receivable within one year | 40/41 | - | €3,927 | +€3,927 | |
| Other amounts receivable | 41 | - | €3,927 | +€3,927 | |
| Cash at bank and in hand | 54/58 | €129,686 | €235,077 | +€105,391 | +81.3% |
| Deferred charges and accrued income | 490/1 | €48,706 | €45,529 | -€3,177 | -6.5% |
| Total equity and liabilities | 10/49 | €447,814 | €525,416 | +€77,602 | +17.3% |
| Equity | 10/15 | €173,191 | €252,553 | +€79,362 | +45.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,691 | €249,053 | +€79,362 | +46.8% |
| Amounts payable | 17/49 | €274,623 | €272,863 | -€1,760 | -0.6% |
| Amounts payable within one year | 42/48 | €274,623 | €272,863 | -€1,760 | -0.6% |
| Trade debts | 44 | €2,900 | €2,825 | -€76 | -2.6% |
| Suppliers | 440/4 | €2,900 | €2,825 | -€76 | -2.6% |
| Taxes, remuneration and social security | 45 | €35,471 | €32,739 | -€2,732 | -7.7% |
| Taxes | 450/3 | €32,230 | €32,739 | +€509 | +1.6% |
| Remuneration and social security | 454/9 | €3,241 | - | -€3,241 | |
| Other amounts payable | 47/48 | €236,252 | €237,299 | +€1,047 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,078 | €29,869 | +€4,792 | +19.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €248,989 | €136,370 | -€112,619 | -45.2% |
| Operating profit (loss) | 9901 | €223,524 | €106,101 | -€117,423 | -52.5% |
| Financial charges | 65/66B | €1,819 | €5,666 | +€3,848 | +212% |
| Recurring financial charges | 65 | €1,819 | €5,666 | +€3,848 | +212% |
| Profit (loss) for the period before taxes | 9903 | €221,705 | €100,435 | -€121,270 | -54.7% |
| Income taxes | 67/77 | €52,014 | €21,073 | -€30,942 | -59.5% |
| Profit (loss) for the period | 9904 | €169,691 | €79,362 | -€90,329 | -53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €169,691 | €79,362 | -€90,329 | -53.2% |
Next steps
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.