PG Medical: what changed
What changed
PG Medical
NACE 86.210, General medical practice
filed annual accounts (NBB)
Net result for the year
€24,926
2024 · €44,101-€19,175
Equity
€243,410
2024 · €218,484+€24,926
Cash
€166,086
2024 · €176,389-€10,303
Balance sheet total
€548,061
2024 · €540,930+€7,131
Largest movements
Assets
- Deferred charges and accrued income +€37,360
up €37,360 (+85.1%), from €43,913 to €81,273
- Tangible fixed assets -€25,756
down €25,756 (-10.6%), from €242,329 to €216,573
of which Land and buildings: -€24,646
- Current investments +€18,215
up €18,215 (+32.5%), from €56,081 to €74,296
- Cash -€10,303
down €10,303 (-5.8%), from €176,389 to €166,086
mainly Deferred charges and accrued income (-€37,360) and Debts after one year (-€27,207)
- Receivables after one year -€6,556
down €6,556 (-50.4%), from €13,004 to €6,448
Equity and liabilities
- Debts after one year -€27,207
down €27,207 (-12.1%), from €224,011 to €196,804
- Reserves +€24,926
up €24,926 (+11.7%), from €212,284 to €237,210
of which Distributable reserves: +€24,926
- Provisions +€13,244
up €13,244 (+28.3%), from €46,756 to €60,000
Income statement
- Financial charges +€24,424
up €24,424 (+48.6%), from €50,268 to €74,692
- Taxes -€5,696
down €5,696 (-26.4%), from €21,614 to €15,918
- Gross operating margin -€1,778
down €1,778 (-1.1%), from €158,525 to €156,747
- Provisions -€1,650
down €1,650 (-11.1%), from €14,894 to €13,244
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
€44,101
Gross operating margin
-€1,778
Depreciation
-€146
Provisions
+€1,650
Other operating charges
-€14
Financial income
-€159
Financial charges
-€24,424
Taxes
+€5,696
Result 2025
€24,926
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
+€35,337
Investment
-€19,189
Financing
-€26,452
Cash 2024
€176,389
From operations (derived)
+€35,337
Net result for the year
+€24,926
Depreciation
+€26,730
Receivables after one year
+€6,556
Receivables within one year
+€5,828
Deferred charges and accrued income
-€37,360
Provisions
+€13,244
Trade debts
+€3,098
Tax, wage and social debts
-€4,704
Other debts
-€542
Accrued charges and deferred income
-€2,439
Investment (derived)
-€19,189
Investment in fixed assets (net)
-€974
Current investments
-€18,215
Financing
-€26,452
Debts after one year
-€27,207
Current portion of long-term debt
+€755
Cash 2025
€166,086
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,930 | €548,061 | +€7,131 | +1.3% |
| Fixed assets | 21/28 | €242,329 | €216,573 | -€25,756 | -10.6% |
| Tangible fixed assets | 22/27 | €242,329 | €216,573 | -€25,756 | -10.6% |
| Land and buildings | 22 | €237,396 | €212,750 | -€24,646 | -10.4% |
| Plant, machinery and equipment | 23 | €1,403 | €1,636 | +€233 | +16.6% |
| Furniture and vehicles | 24 | €2,266 | €1,328 | -€938 | -41.4% |
| Other tangible fixed assets | 26 | €1,264 | €859 | -€405 | -32.1% |
| Current assets | 29/58 | €298,601 | €331,488 | +€32,888 | +11.0% |
| Amounts receivable after more than one year | 29 | €13,004 | €6,448 | -€6,556 | -50.4% |
| Other amounts receivable | 291 | €13,004 | €6,448 | -€6,556 | -50.4% |
| Amounts receivable within one year | 40/41 | €9,214 | €3,386 | -€5,828 | -63.3% |
| Other amounts receivable | 41 | €9,214 | €3,386 | -€5,828 | -63.3% |
| Current investments | 50/53 | €56,081 | €74,296 | +€18,215 | +32.5% |
| Cash at bank and in hand | 54/58 | €176,389 | €166,086 | -€10,303 | -5.8% |
| Deferred charges and accrued income | 490/1 | €43,913 | €81,273 | +€37,360 | +85.1% |
| Total equity and liabilities | 10/49 | €540,930 | €548,061 | +€7,131 | +1.3% |
| Equity | 10/15 | €218,484 | €243,410 | +€24,926 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €212,284 | €237,210 | +€24,926 | +11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €210,424 | €235,350 | +€24,926 | +11.8% |
| Provisions and deferred taxes | 16 | €46,756 | €60,000 | +€13,244 | +28.3% |
| Provisions for liabilities and charges | 160/5 | €46,756 | €60,000 | +€13,244 | +28.3% |
| Other liabilities and charges | 164/5 | €46,756 | €60,000 | +€13,244 | +28.3% |
| Amounts payable | 17/49 | €275,689 | €244,651 | -€31,039 | -11.3% |
| Amounts payable after more than one year | 17 | €224,011 | €196,804 | -€27,207 | -12.1% |
| Financial debts | 170/4 | €224,011 | €196,804 | -€27,207 | -12.1% |
| Amounts payable within one year | 42/48 | €48,417 | €47,024 | -€1,393 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €26,452 | €27,207 | +€755 | +2.9% |
| Trade debts | 44 | €2,425 | €5,523 | +€3,098 | +128% |
| Suppliers | 440/4 | €2,425 | €5,523 | +€3,098 | +128% |
| Taxes, remuneration and social security | 45 | €8,623 | €3,918 | -€4,704 | -54.6% |
| Taxes | 450/3 | €8,623 | €3,918 | -€4,704 | -54.6% |
| Other amounts payable | 47/48 | €10,917 | €10,376 | -€542 | -5.0% |
| Accrued charges and deferred income | 492/3 | €3,262 | €823 | -€2,439 | -74.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,584 | €26,730 | +€146 | +0.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €14,894 | €13,244 | -€1,650 | -11.1% |
| Other operating charges | 640/8 | €1,998 | €2,012 | +€14 | +0.7% |
| Gross operating margin | 9900 | €158,525 | €156,747 | -€1,778 | -1.1% |
| Operating profit (loss) | 9901 | €115,049 | €114,761 | -€288 | -0.2% |
| Financial income | 75/76B | €935 | €776 | -€159 | -17.0% |
| Recurring financial income | 75 | €935 | €776 | -€159 | -17.0% |
| Financial charges | 65/66B | €50,268 | €74,692 | +€24,424 | +48.6% |
| Recurring financial charges | 65 | €50,268 | €74,692 | +€24,424 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €65,715 | €40,845 | -€24,871 | -37.8% |
| Income taxes | 67/77 | €21,614 | €15,918 | -€5,696 | -26.4% |
| Profit (loss) for the period | 9904 | €44,101 | €24,926 | -€19,175 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,101 | €24,926 | -€19,175 | -43.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.