MD PSYCHIATRY: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
MD PSYCHIATRY
Largest movements
- Tangible fixed assets +€141,167
up €141,167 (+132%), from €107,004 to €248,171
of which Other tangible fixed assets: +€72,924
- Cash +€115,971
up €115,971 (+48.6%), from €238,616 to €354,587
mainly Other debts (+€409,529) and Net result for the year (+€278,368)
- Receivables within one year -€106,570
down €106,570 (-43.9%), from €242,737 to €136,167
of which Trade receivables: -€86,570
- Current investments +€29,992
up €29,992 (+89.8%), from €33,398 to €63,391
- Other debts +€409,529
up €409,529 (+1,200%), from €34,125 to €443,655
- Reserves -€237,492
down €237,492 (-51.6%), from €460,683 to €223,191
- Trade debts -€77,786
down €77,786 (-89.6%), from €86,833 to €9,048
- Debts after one year +€37,660
new in 2025: €37,660
- Tax, wage and social debts +€29,327
up €29,327 (+83.3%), from €35,191 to €64,518
of which Taxes: +€29,327
- Gross operating margin +€38,542
up €38,542 (+10.0%), from €383,852 to €422,394
- Depreciation +€28,473
up €28,473 (+297%), from €9,603 to €38,075
- Taxes +€6,057
up €6,057 (+6.9%), from €87,581 to €93,638
- Financial charges +€5,316
up €5,316 (+63.1%), from €8,423 to €13,739
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 | €622,590 | €803,415 | +€180,825 | +29.0% |
| Fixed assets | 21/28 | €107,004 | €248,171 | +€141,167 | +132% |
| Tangible fixed assets | 22/27 | €107,004 | €248,171 | +€141,167 | +132% |
| Plant, machinery and equipment | 23 | €14,945 | €17,039 | +€2,094 | +14.0% |
| Furniture and vehicles | 24 | €13,271 | €79,420 | +€66,149 | +498% |
| Other tangible fixed assets | 26 | €78,789 | €151,713 | +€72,924 | +92.6% |
| Current assets | 29/58 | €515,586 | €555,244 | +€39,658 | +7.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €242,737 | €136,167 | -€106,570 | -43.9% |
| Trade receivables | 40 | €222,737 | €136,167 | -€86,570 | -38.9% |
| Other amounts receivable | 41 | €20,000 | €0 | -€20,000 | -100% |
| Current investments | 50/53 | €33,398 | €63,391 | +€29,992 | +89.8% |
| Cash at bank and in hand | 54/58 | €238,616 | €354,587 | +€115,971 | +48.6% |
| Deferred charges and accrued income | 490/1 | €835 | €1,099 | +€264 | +31.7% |
| Total equity and liabilities | 10/49 | €622,590 | €803,415 | +€180,825 | +29.0% |
| Equity | 10/15 | €463,683 | €226,191 | -€237,492 | -51.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €460,683 | €223,191 | -€237,492 | -51.6% |
| Distributable reserves | 133 | €460,683 | €223,191 | -€237,492 | -51.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €158,907 | €577,224 | +€418,317 | +263% |
| Amounts payable after more than one year | 17 | - | €37,660 | +€37,660 | |
| Financial debts | 170/4 | - | €37,660 | +€37,660 | |
| Amounts payable within one year | 42/48 | €156,150 | €528,376 | +€372,227 | +238% |
| Current portion of amounts payable after more than one year | 42 | - | €11,156 | +€11,156 | |
| Trade debts | 44 | €86,833 | €9,048 | -€77,786 | -89.6% |
| Suppliers | 440/4 | €86,833 | €9,048 | -€77,786 | -89.6% |
| Taxes, remuneration and social security | 45 | €35,191 | €64,518 | +€29,327 | +83.3% |
| Taxes | 450/3 | €35,191 | €64,518 | +€29,327 | +83.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,125 | €443,655 | +€409,529 | +1,200% |
| Accrued charges and deferred income | 492/3 | €2,758 | €11,188 | +€8,430 | +306% |
| Non-recurring operating income | 76A | €142 | €0 | -€142 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,603 | €38,075 | +€28,473 | +297% |
| Other operating charges | 640/8 | €2,021 | €1,361 | -€661 | -32.7% |
| Gross operating margin | 9900 | €383,852 | €422,394 | +€38,542 | +10.0% |
| Operating profit (loss) | 9901 | €372,228 | €382,958 | +€10,730 | +2.9% |
| Financial income | 75/76B | €0 | €2,786 | +€2,786 | |
| Recurring financial income | 75 | €0 | €2,786 | +€2,786 | |
| Financial charges | 65/66B | €8,423 | €13,739 | +€5,316 | +63.1% |
| Recurring financial charges | 65 | €8,423 | €13,739 | +€5,316 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €363,805 | €372,006 | +€8,200 | +2.3% |
| Income taxes | 67/77 | €87,581 | €93,638 | +€6,057 | +6.9% |
| Profit (loss) for the period | 9904 | €276,224 | €278,368 | +€2,144 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €276,224 | €278,368 | +€2,144 | +0.8% |
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 1 November 2026 via checked.be.