NICOLAS MASSAGER SRL: what changed
What changed
NICOLAS MASSAGER SRL
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€164,900
2024 · €129,701+€35,199
Equity
€465,106
2024 · €662,007-€196,900
Cash
€29,560
2024 · €207,827-€178,267
Balance sheet total
€865,806
2024 · €682,211+€183,595
Largest movements
Assets
- Current investments +€350,001
new in 2025: €350,001
- Cash -€178,267
down €178,267 (-85.8%), from €207,827 to €29,560
mainly Contributions, distributions and other (-€361,800) and Current investments (-€350,001)
- Receivables within one year +€29,627
up €29,627 (+46.2%), from €64,102 to €93,729
- Tangible fixed assets -€19,871
down €19,871 (-5.0%), from €398,819 to €378,948
of which Land and buildings: -€10,018
Equity and liabilities
- Other debts +€367,765
up €367,765 (+905,155%), from €41 to €367,805
- Reserves -€182,000
down €182,000 (-28.9%), from €628,700 to €446,700
- Profit (loss) carried forward -€14,900
down €14,900 (-97.3%), from €15,307 to €406
Income statement
- Gross operating margin +€32,346
up €32,346 (+15.3%), from €212,087 to €244,433
- Other operating charges -€4,981
down €4,981 (-71.4%), from €6,978 to €1,997
- Depreciation +€3,084
up €3,084 (+13.9%), from €22,184 to €25,267
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
€129,701
Gross operating margin
+€32,346
Depreciation
-€3,084
Other operating charges
+€4,981
Financial income
+€134
Financial charges
+€207
Taxes
+€615
Result 2025
€164,900
raises the resultlowers the result
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.
From operations
+€538,930
Investment
-€355,398
Financing
-€361,800
Cash 2024
€207,827
From operations (derived)
+€538,930
Net result for the year
+€164,900
Depreciation
+€25,267
Receivables within one year
-€29,627
Deferred charges and accrued income
-€2,106
Trade debts
+€7,717
Tax, wage and social debts
+€2,250
Other debts
+€367,765
Accrued charges and deferred income
+€2,764
Investment (derived)
-€355,398
Investment in fixed assets (net)
-€5,397
Current investments
-€350,001
Financing
-€361,800
Contributions, distributions and other
-€361,800
Cash 2025
€29,560
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €682,211 | €865,806 | +€183,595 | +26.9% |
| Fixed assets | 21/28 | €399,802 | €379,931 | -€19,871 | -5.0% |
| Tangible fixed assets | 22/27 | €398,819 | €378,948 | -€19,871 | -5.0% |
| Land and buildings | 22 | €277,966 | €267,949 | -€10,018 | -3.6% |
| Plant, machinery and equipment | 23 | €54,562 | €53,098 | -€1,465 | -2.7% |
| Furniture and vehicles | 24 | €6,932 | €5,001 | -€1,930 | -27.8% |
| Other tangible fixed assets | 26 | €59,358 | €52,900 | -€6,458 | -10.9% |
| Financial fixed assets | 28 | €983 | €983 | = | 0.0% |
| Current assets | 29/58 | €282,409 | €485,875 | +€203,466 | +72.0% |
| Amounts receivable within one year | 40/41 | €64,102 | €93,729 | +€29,627 | +46.2% |
| Other amounts receivable | 41 | €64,102 | €93,729 | +€29,627 | +46.2% |
| Current investments | 50/53 | - | €350,001 | +€350,001 | |
| Cash at bank and in hand | 54/58 | €207,827 | €29,560 | -€178,267 | -85.8% |
| Deferred charges and accrued income | 490/1 | €10,480 | €12,586 | +€2,106 | +20.1% |
| Total equity and liabilities | 10/49 | €682,211 | €865,806 | +€183,595 | +26.9% |
| Equity | 10/15 | €662,007 | €465,106 | -€196,900 | -29.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €628,700 | €446,700 | -€182,000 | -28.9% |
| Distributable reserves | 133 | €628,700 | €446,700 | -€182,000 | -28.9% |
| Profit (loss) carried forward | 14 | €15,307 | €406 | -€14,900 | -97.3% |
| Amounts payable | 17/49 | €20,205 | €400,700 | +€380,496 | +1,883% |
| Amounts payable within one year | 42/48 | €19,018 | €396,750 | +€377,732 | +1,986% |
| Trade debts | 44 | €11,728 | €19,445 | +€7,717 | +65.8% |
| Suppliers | 440/4 | €11,728 | €19,445 | +€7,717 | +65.8% |
| Taxes, remuneration and social security | 45 | €7,250 | €9,500 | +€2,250 | +31.0% |
| Taxes | 450/3 | €7,250 | €9,500 | +€2,250 | +31.0% |
| Other amounts payable | 47/48 | €41 | €367,805 | +€367,765 | +905,155% |
| Accrued charges and deferred income | 492/3 | €1,186 | €3,950 | +€2,764 | +233% |
| Non-recurring operating income | 76A | €17,085 | - | -€17,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,184 | €25,267 | +€3,084 | +13.9% |
| Other operating charges | 640/8 | €6,978 | €1,997 | -€4,981 | -71.4% |
| Gross operating margin | 9900 | €212,087 | €244,433 | +€32,346 | +15.3% |
| Operating profit (loss) | 9901 | €182,925 | €217,168 | +€34,243 | +18.7% |
| Financial income | 75/76B | - | €134 | +€134 | |
| Recurring financial income | 75 | - | €134 | +€134 | |
| Financial charges | 65/66B | €1,675 | €1,468 | -€207 | -12.3% |
| Recurring financial charges | 65 | €1,675 | €1,468 | -€207 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €181,250 | €215,834 | +€34,584 | +19.1% |
| Income taxes | 67/77 | €51,549 | €50,934 | -€615 | -1.2% |
| Profit (loss) for the period | 9904 | €129,701 | €164,900 | +€35,199 | +27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,701 | €164,900 | +€35,199 | +27.1% |
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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 5 November 2026 via checked.be.