THILL MEDICA: what changed
What changed
THILL MEDICA
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€102,481
2024 · €154,170-€51,689
Equity
€882,823
2024 · €1.3m-€373,019
Cash
€297,216
2024 · €315,871-€18,655
Balance sheet total
€2.1m
2024 · €2.2m-€68,740
Largest movements
Assets
- Tangible fixed assets -€79,665
down €79,665 (-5.7%), from €1.4m to €1.3m
of which Land and buildings: -€69,917
- Current investments +€27,022
up €27,022 (+6.5%), from €414,758 to €441,780
Equity and liabilities
- Reserves -€373,019
down €373,019 (-30.1%), from €1.2m to €864,223
of which Distributable reserves: -€371,124
- Other debts +€363,320
up €363,320 (+253%), from €143,732 to €507,052
- Debts after one year -€38,666
down €38,666 (-5.9%), from €651,588 to €612,922
Income statement
- Gross operating margin -€76,246
down €76,246 (-21.0%), from €363,404 to €287,157
- Taxes -€18,968
down €18,968 (-27.7%), from €68,482 to €49,514
- Financial charges -€5,923
down €5,923 (-12.9%), from €46,085 to €40,162
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
€154,170
Gross operating margin
-€76,246
Staff costs
-€3,168
Depreciation
+€1,282
Other operating charges
-€1,001
Financial income
+€2,554
Financial charges
+€5,923
Taxes
+€18,968
Result 2025
€102,481
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
+€541,492
Investment
-€37,578
Financing
-€522,568
Cash 2024
€315,871
From operations (derived)
+€541,492
Net result for the year
+€102,481
Depreciation
+€90,221
Receivables within one year
-€4,083
Deferred charges and accrued income
+€1,526
Smaller working-capital items
-€1,633
Tax, wage and social debts
-€11,798
Other debts
+€363,320
Accrued charges and deferred income
+€1,458
Investment (derived)
-€37,578
Investment in fixed assets (net)
-€10,557
Current investments
-€27,022
Financing
-€522,568
Debts after one year
-€38,666
Current portion of long-term debt
-€8,402
Contributions, distributions and other
-€475,500
Cash 2025
€297,216
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,162,183 | €2,093,443 | -€68,740 | -3.2% |
| Fixed assets | 21/28 | €1,396,736 | €1,317,071 | -€79,665 | -5.7% |
| Tangible fixed assets | 22/27 | €1,396,311 | €1,316,647 | -€79,665 | -5.7% |
| Land and buildings | 22 | €1,367,039 | €1,297,122 | -€69,917 | -5.1% |
| Plant, machinery and equipment | 23 | €1,229 | €888 | -€342 | -27.8% |
| Furniture and vehicles | 24 | €17,617 | €18,637 | +€1,020 | +5.8% |
| Leasing and similar rights | 25 | €10,426 | - | -€10,426 | |
| Financial fixed assets | 28 | €425 | €425 | = | 0.0% |
| Current assets | 29/58 | €765,447 | €776,371 | +€10,924 | +1.4% |
| Amounts receivable within one year | 40/41 | €30,142 | €34,225 | +€4,083 | +13.5% |
| Trade receivables | 40 | €30,142 | €34,225 | +€4,083 | +13.5% |
| Current investments | 50/53 | €414,758 | €441,780 | +€27,022 | +6.5% |
| Cash at bank and in hand | 54/58 | €315,871 | €297,216 | -€18,655 | -5.9% |
| Deferred charges and accrued income | 490/1 | €4,675 | €3,150 | -€1,526 | -32.6% |
| Total equity and liabilities | 10/49 | €2,162,183 | €2,093,443 | -€68,740 | -3.2% |
| Equity | 10/15 | €1,255,842 | €882,823 | -€373,019 | -29.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,237,242 | €864,223 | -€373,019 | -30.1% |
| Tax-exempt reserves | 132 | €26,529 | €24,634 | -€1,895 | -7.1% |
| Distributable reserves | 133 | €1,210,713 | €839,589 | -€371,124 | -30.7% |
| Provisions and deferred taxes | 16 | €13,660 | €12,685 | -€976 | -7.1% |
| Deferred taxes | 168 | €13,660 | €12,685 | -€976 | -7.1% |
| Amounts payable | 17/49 | €892,680 | €1,197,935 | +€305,254 | +34.2% |
| Amounts payable after more than one year | 17 | €651,588 | €612,922 | -€38,666 | -5.9% |
| Financial debts | 170/4 | €651,588 | €612,922 | -€38,666 | -5.9% |
| Amounts payable within one year | 42/48 | €240,486 | €582,949 | +€342,462 | +142% |
| Current portion of amounts payable after more than one year | 42 | €47,068 | €38,666 | -€8,402 | -17.9% |
| Trade debts | 44 | €1,314 | €657 | -€658 | -50.0% |
| Suppliers | 440/4 | €1,314 | €657 | -€658 | -50.0% |
| Taxes, remuneration and social security | 45 | €48,372 | €36,574 | -€11,798 | -24.4% |
| Taxes | 450/3 | €48,341 | €36,542 | -€11,800 | -24.4% |
| Remuneration and social security | 454/9 | €31 | €33 | +€2 | +6.7% |
| Other amounts payable | 47/48 | €143,732 | €507,052 | +€363,320 | +253% |
| Accrued charges and deferred income | 492/3 | €606 | €2,064 | +€1,458 | +241% |
| Remuneration, social security and pensions | 62 | €1,245 | €4,413 | +€3,168 | +255% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,503 | €90,221 | -€1,282 | -1.4% |
| Other operating charges | 640/8 | €7,637 | €8,638 | +€1,001 | +13.1% |
| Gross operating margin | 9900 | €363,404 | €287,157 | -€76,246 | -21.0% |
| Operating profit (loss) | 9901 | €263,019 | €183,885 | -€79,134 | -30.1% |
| Financial income | 75/76B | €4,743 | €7,296 | +€2,554 | +53.8% |
| Recurring financial income | 75 | €4,743 | €7,296 | +€2,554 | +53.8% |
| Financial charges | 65/66B | €46,085 | €40,162 | -€5,923 | -12.9% |
| Recurring financial charges | 65 | €46,085 | €40,162 | -€5,923 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €221,677 | €151,020 | -€70,657 | -31.9% |
| Transfer from deferred taxes | 780 | €976 | €976 | = | 0.0% |
| Income taxes | 67/77 | €68,482 | €49,514 | -€18,968 | -27.7% |
| Profit (loss) for the period | 9904 | €154,170 | €102,481 | -€51,689 | -33.5% |
| Transfer from tax-exempt reserves | 789 | €1,895 | €1,895 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €156,065 | €104,376 | -€51,689 | -33.1% |
Next steps
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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 7 November 2026 via checked.be.