MULTIPRAKTIJK GUY KEFEL: 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.
MULTIPRAKTIJK GUY KEFEL
Largest movements
- Current investments -€23,391
down €23,391 (-100%), from €23,391 to €0
- Receivables within one year +€20,111
up €20,111 (+12.2%), from €164,231 to €184,342
of which Other amounts receivable: +€19,648
- Tangible fixed assets -€9,342
down €9,342 (-44.1%), from €21,180 to €11,838
of which Land and buildings: -€8,119
- Profit (loss) carried forward -€9,633
new in 2025: -€9,633
- Current portion of long-term debt -€3,871
down €3,871 (-77.7%), from €4,984 to €1,113
- Tax, wage and social debts -€2,467
down €2,467 (-18.6%), from €13,261 to €10,793
of which Taxes: -€4,717
- Gross operating margin -€57,045
down €57,045, from €47,280 to -€9,766
- Taxes -€14,979
down €14,979 (-98.6%), from €15,189 to €210
- Financial income +€4,332
up €4,332 (+40.7%), from €10,652 to €14,984
- Depreciation -€669
down €669 (-6.7%), from €10,011 to €9,342
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 | €222,813 | €208,278 | -€14,536 | -6.5% |
| Fixed assets | 21/28 | €21,180 | €11,838 | -€9,342 | -44.1% |
| Tangible fixed assets | 22/27 | €21,180 | €11,838 | -€9,342 | -44.1% |
| Land and buildings | 22 | €17,673 | €9,553 | -€8,119 | -45.9% |
| Plant, machinery and equipment | 23 | €1,250 | €1,250 | = | 0.0% |
| Furniture and vehicles | 24 | €2,258 | €1,035 | -€1,223 | -54.2% |
| Current assets | 29/58 | €201,633 | €196,439 | -€5,194 | -2.6% |
| Amounts receivable within one year | 40/41 | €164,231 | €184,342 | +€20,111 | +12.2% |
| Trade receivables | 40 | €0 | €463 | +€463 | |
| Other amounts receivable | 41 | €164,231 | €183,879 | +€19,648 | +12.0% |
| Current investments | 50/53 | €23,391 | €0 | -€23,391 | -100% |
| Cash at bank and in hand | 54/58 | €11,047 | €9,036 | -€2,011 | -18.2% |
| Deferred charges and accrued income | 490/1 | €2,963 | €3,061 | +€98 | +3.3% |
| Total equity and liabilities | 10/49 | €222,813 | €208,278 | -€14,536 | -6.5% |
| Equity | 10/15 | €203,093 | €193,460 | -€9,633 | -4.7% |
| Contributions | 10/11 | €80,198 | €80,198 | = | 0.0% |
| Reserves | 13 | €122,895 | €122,895 | = | 0.0% |
| Distributable reserves | 133 | €122,895 | €122,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€9,633 | -€9,633 | |
| Amounts payable | 17/49 | €19,720 | €14,817 | -€4,903 | -24.9% |
| Amounts payable after more than one year | 17 | €1,117 | €0 | -€1,117 | -100% |
| Financial debts | 170/4 | €1,117 | €0 | -€1,117 | -100% |
| Amounts payable within one year | 42/48 | €18,603 | €14,817 | -€3,785 | -20.3% |
| Current portion of amounts payable after more than one year | 42 | €4,984 | €1,113 | -€3,871 | -77.7% |
| Financial debts | 43 | - | €399 | +€399 | |
| Credit institutions | 430/8 | - | €399 | +€399 | |
| Trade debts | 44 | €358 | €2,512 | +€2,154 | +601% |
| Suppliers | 440/4 | €358 | €2,512 | +€2,154 | +601% |
| Taxes, remuneration and social security | 45 | €13,261 | €10,793 | -€2,467 | -18.6% |
| Taxes | 450/3 | €13,261 | €8,543 | -€4,717 | -35.6% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,011 | €9,342 | -€669 | -6.7% |
| Other operating charges | 640/8 | €1,223 | €1,685 | +€462 | +37.8% |
| Non-recurring operating charges | 66A | €4,359 | €3,100 | -€1,259 | -28.9% |
| Gross operating margin | 9900 | €47,280 | -€9,766 | -€57,045 | |
| Operating profit (loss) | 9901 | €31,688 | -€23,893 | -€55,580 | |
| Financial income | 75/76B | €10,652 | €14,984 | +€4,332 | +40.7% |
| Recurring financial income | 75 | €10,652 | €14,984 | +€4,332 | +40.7% |
| Financial charges | 65/66B | €782 | €514 | -€268 | -34.3% |
| Recurring financial charges | 65 | €782 | €514 | -€268 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €41,558 | -€9,423 | -€50,981 | |
| Income taxes | 67/77 | €15,189 | €210 | -€14,979 | -98.6% |
| Profit (loss) for the period | 9904 | €26,369 | -€9,633 | -€36,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,369 | -€9,633 | -€36,002 |
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 19 October 2026 via checked.be.