Blanckaert MD: 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.
What changed
Blanckaert MD
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€426,145
2024 · €343,232+€82,912
Equity
€2.3m
2024 · €2.2m+€131,168
Cash
€515,834
2024 · €520,739-€4,905
Balance sheet total
€2.7m
2024 · €2.5m+€192,622
Largest movements
Assets
- Receivables within one year +€119,217
up €119,217 (+62.7%), from €190,029 to €309,246
of which Trade receivables: +€142,577
- Deferred charges and accrued income +€98,128
up €98,128 (+33.3%), from €294,543 to €392,671
- Receivables after one year -€73,429
down €73,429 (-5.8%), from €1.3m to €1.2m
- Tangible fixed assets +€55,242
up €55,242 (+23.5%), from €235,027 to €290,269
of which Furniture and vehicles: +€57,902
Equity and liabilities
- Reserves +€131,168
up €131,168 (+6.1%), from €2.2m to €2.3m
of which Distributable reserves: +€131,168
- Tax, wage and social debts +€58,069
up €58,069 (+55.1%), from €105,311 to €163,380
of which Taxes: +€57,749
Income statement
- Gross operating margin +€139,268
up €139,268 (+28.1%), from €495,326 to €634,594
- Taxes +€32,508
up €32,508 (+18.7%), from €174,179 to €206,687
- Financial charges +€12,515
up €12,515 (+124%), from €10,067 to €22,582
- Depreciation +€10,636
up €10,636 (+26.7%), from €39,876 to €50,512
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.
Result 2024
€343,232
Gross operating margin
+€139,268
Staff costs
-€5
Depreciation
-€10,636
Other operating charges
+€451
Other operating items
+€441
Financial income
-€1,584
Financial charges
-€12,515
Taxes
-€32,508
Result 2025
€426,145
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€419,405
Investment
-€104,123
Financing
-€320,187
Cash 2024
€520,739
From operations (derived)
+€419,405
Net result for the year
+€426,145
Depreciation
+€50,512
Receivables after one year
+€73,429
Receivables within one year
-€119,217
Deferred charges and accrued income
-€98,128
Trade debts
+€8,774
Tax, wage and social debts
+€58,069
Other debts
+€19,326
Accrued charges and deferred income
+€496
Investment (derived)
-€104,123
Investment in fixed assets (net)
-€104,123
Financing
-€320,187
Debts after one year
-€25,414
Current portion of long-term debt
+€203
Contributions, distributions and other
-€294,976
Cash 2025
€515,834
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,510,781 | €2,703,403 | +€192,622 | +7.7% |
| Fixed assets | 21/28 | €239,313 | €292,924 | +€53,611 | +22.4% |
| Intangible fixed assets | 21 | €1,631 | €0 | -€1,631 | -100% |
| Tangible fixed assets | 22/27 | €235,027 | €290,269 | +€55,242 | +23.5% |
| Plant, machinery and equipment | 23 | €705 | €0 | -€705 | -100% |
| Furniture and vehicles | 24 | €23,241 | €81,143 | +€57,902 | +249% |
| Other tangible fixed assets | 26 | €211,081 | €209,126 | -€1,955 | -0.9% |
| Financial fixed assets | 28 | €2,655 | €2,655 | = | 0.0% |
| Current assets | 29/58 | €2,271,468 | €2,410,479 | +€139,011 | +6.1% |
| Amounts receivable after more than one year | 29 | €1,266,156 | €1,192,727 | -€73,429 | -5.8% |
| Other amounts receivable | 291 | €1,266,156 | €1,192,727 | -€73,429 | -5.8% |
| Amounts receivable within one year | 40/41 | €190,029 | €309,246 | +€119,217 | +62.7% |
| Trade receivables | 40 | €93,240 | €235,817 | +€142,577 | +153% |
| Other amounts receivable | 41 | €96,789 | €73,429 | -€23,360 | -24.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €520,739 | €515,834 | -€4,905 | -0.9% |
| Deferred charges and accrued income | 490/1 | €294,543 | €392,671 | +€98,128 | +33.3% |
| Total equity and liabilities | 10/49 | €2,510,781 | €2,703,403 | +€192,622 | +7.7% |
| Equity | 10/15 | €2,185,550 | €2,316,719 | +€131,168 | +6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,166,950 | €2,298,119 | +€131,168 | +6.1% |
| Non-distributable reserves | 130/1 | €67,232 | €67,232 | = | 0.0% |
| Reserves not available under the articles | 1311 | €67,232 | €67,232 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,741 | €1,741 | = | 0.0% |
| Distributable reserves | 133 | €2,097,977 | €2,229,146 | +€131,168 | +6.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €325,231 | €386,685 | +€61,454 | +18.9% |
| Amounts payable after more than one year | 17 | €87,677 | €62,264 | -€25,414 | -29.0% |
| Financial debts | 170/4 | €87,677 | €62,264 | -€25,414 | -29.0% |
| Amounts payable within one year | 42/48 | €236,497 | €322,868 | +€86,371 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €25,211 | €25,414 | +€203 | +0.8% |
| Trade debts | 44 | €22,958 | €31,731 | +€8,774 | +38.2% |
| Suppliers | 440/4 | €22,958 | €31,731 | +€8,774 | +38.2% |
| Taxes, remuneration and social security | 45 | €105,311 | €163,380 | +€58,069 | +55.1% |
| Taxes | 450/3 | €96,668 | €154,417 | +€57,749 | +59.7% |
| Remuneration and social security | 454/9 | €8,643 | €8,963 | +€320 | +3.7% |
| Other amounts payable | 47/48 | €83,017 | €102,343 | +€19,326 | +23.3% |
| Accrued charges and deferred income | 492/3 | €1,057 | €1,553 | +€496 | +47.0% |
| Non-recurring operating income | 76A | - | €448 | +€448 | |
| Remuneration, social security and pensions | 62 | €170 | €176 | +€5 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,876 | €50,512 | +€10,636 | +26.7% |
| Other operating charges | 640/8 | €6,661 | €6,210 | -€451 | -6.8% |
| Non-recurring operating charges | 66A | €486 | €45 | -€441 | -90.8% |
| Gross operating margin | 9900 | €495,326 | €634,594 | +€139,268 | +28.1% |
| Operating profit (loss) | 9901 | €448,134 | €577,653 | +€129,519 | +28.9% |
| Financial income | 75/76B | €79,345 | €77,761 | -€1,584 | -2.0% |
| Recurring financial income | 75 | €79,345 | €77,761 | -€1,584 | -2.0% |
| Financial charges | 65/66B | €10,067 | €22,582 | +€12,515 | +124% |
| Recurring financial charges | 65 | €10,067 | €22,582 | +€12,515 | +124% |
| Profit (loss) for the period before taxes | 9903 | €517,412 | €632,832 | +€115,420 | +22.3% |
| Income taxes | 67/77 | €174,179 | €206,687 | +€32,508 | +18.7% |
| Profit (loss) for the period | 9904 | €343,232 | €426,145 | +€82,912 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €343,232 | €426,145 | +€82,912 | +24.2% |
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 16 October 2026 via checked.be.