Royal Doctors: 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.
Royal Doctors
Largest movements
- Cash -€294,843
down €294,843 (-65.8%), from €447,892 to €153,049
mainly Net result for the year (-€191,112) and Short-term financial debts (-€75,000)
- Receivables within one year -€47,145
down €47,145 (-39.3%), from €120,110 to €72,965
of which Trade receivables: -€52,126
- Tangible fixed assets +€16,631
up €16,631 (+97.2%), from €17,106 to €33,738
of which Furniture and vehicles: +€19,298
- Financial fixed assets +€6,686
up €6,686 (+25.7%), from €26,000 to €32,686
- Profit (loss) carried forward -€191,112
down €191,112 (-13.9%), from -€1.4m to -€1.6m
- Short-term financial debts -€75,000
no longer reported in 2025 (was €75,000)
- Trade debts -€40,025
down €40,025 (-53.1%), from €75,321 to €35,296
- Debts after one year -€14,624
down €14,624 (-51.3%), from €28,512 to €13,889
- Current portion of long-term debt -€11,341
down €11,341 (-57.6%), from €19,675 to €8,333
- Gross operating margin +€254,510
up €254,510, from -€109,250 to €145,260
- Staff costs +€70,597
up €70,597 (+29.4%), from €240,406 to €311,003
- Financial charges -€11,359
down €11,359 (-64.3%), from €17,659 to €6,300
- Depreciation +€6,296
up €6,296 (+49.2%), from €12,808 to €19,104
- Financial income -€1,935
down €1,935 (-65.2%), from €2,969 to €1,034
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 | €618,760 | €292,437 | -€326,323 | -52.7% |
| Fixed assets | 21/28 | €49,090 | €66,423 | +€17,333 | +35.3% |
| Intangible fixed assets | 21 | €5,984 | - | -€5,984 | |
| Tangible fixed assets | 22/27 | €17,106 | €33,738 | +€16,631 | +97.2% |
| Plant, machinery and equipment | 23 | €2,228 | - | -€2,228 | |
| Furniture and vehicles | 24 | €9,384 | €28,681 | +€19,298 | +206% |
| Other tangible fixed assets | 26 | €5,494 | €5,056 | -€438 | -8.0% |
| Financial fixed assets | 28 | €26,000 | €32,686 | +€6,686 | +25.7% |
| Current assets | 29/58 | €569,670 | €226,013 | -€343,656 | -60.3% |
| Amounts receivable within one year | 40/41 | €120,110 | €72,965 | -€47,145 | -39.3% |
| Trade receivables | 40 | €84,197 | €32,072 | -€52,126 | -61.9% |
| Other amounts receivable | 41 | €35,912 | €40,893 | +€4,981 | +13.9% |
| Cash at bank and in hand | 54/58 | €447,892 | €153,049 | -€294,843 | -65.8% |
| Deferred charges and accrued income | 490/1 | €1,669 | - | -€1,669 | |
| Total equity and liabilities | 10/49 | €618,760 | €292,437 | -€326,323 | -52.7% |
| Equity | 10/15 | €396,454 | €205,342 | -€191,112 | -48.2% |
| Contributions | 10/11 | €1,768,620 | €1,768,620 | = | 0.0% |
| Reserves | 13 | €4,679 | €4,679 | = | 0.0% |
| Distributable reserves | 133 | €4,679 | €4,679 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,376,845 | -€1,567,957 | -€191,112 | -13.9% |
| Amounts payable | 17/49 | €222,305 | €87,094 | -€135,211 | -60.8% |
| Amounts payable after more than one year | 17 | €28,512 | €13,889 | -€14,624 | -51.3% |
| Financial debts | 170/4 | €28,512 | €13,889 | -€14,624 | -51.3% |
| Amounts payable within one year | 42/48 | €193,793 | €73,205 | -€120,588 | -62.2% |
| Current portion of amounts payable after more than one year | 42 | €19,675 | €8,333 | -€11,341 | -57.6% |
| Financial debts | 43 | €75,000 | - | -€75,000 | |
| Credit institutions | 430/8 | €75,000 | - | -€75,000 | |
| Trade debts | 44 | €75,321 | €35,296 | -€40,025 | -53.1% |
| Suppliers | 440/4 | €75,321 | €35,296 | -€40,025 | -53.1% |
| Taxes, remuneration and social security | 45 | €23,798 | €29,576 | +€5,778 | +24.3% |
| Taxes | 450/3 | - | €99 | +€99 | |
| Remuneration and social security | 454/9 | €23,798 | €29,477 | +€5,679 | +23.9% |
| Remuneration, social security and pensions | 62 | €240,406 | €311,003 | +€70,597 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,808 | €19,104 | +€6,296 | +49.2% |
| Other operating charges | 640/8 | €1,775 | €823 | -€952 | -53.6% |
| Non-recurring operating charges | 66A | €30,779 | - | -€30,779 | |
| Gross operating margin | 9900 | -€109,250 | €145,260 | +€254,510 | |
| Operating profit (loss) | 9901 | -€395,018 | -€185,670 | +€209,348 | +53.0% |
| Financial income | 75/76B | €2,969 | €1,034 | -€1,935 | -65.2% |
| Recurring financial income | 75 | €2,969 | €1,034 | -€1,935 | -65.2% |
| Financial charges | 65/66B | €17,659 | €6,300 | -€11,359 | -64.3% |
| Recurring financial charges | 65 | €17,659 | €6,300 | -€11,359 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | -€409,708 | -€190,936 | +€218,772 | +53.4% |
| Income taxes | 67/77 | - | €176 | +€176 | |
| Profit (loss) for the period | 9904 | -€409,708 | -€191,112 | +€218,596 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€409,708 | -€191,112 | +€218,596 | +53.4% |
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 14 October 2026 via checked.be.