Dierenarts Bart Stegen: 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.
Dierenarts Bart Stegen
Largest movements
- Current investments +€39,384
up €39,384 (+34.1%), from €115,635 to €155,019
- Cash -€34,957
down €34,957 (-34.9%), from €100,060 to €65,103
mainly Contributions, distributions and other (-€66,652) and Current investments (-€39,384)
- Receivables within one year +€4,115
up €4,115 (+146%), from €2,809 to €6,924
of which Other amounts receivable: +€3,779
- Tangible fixed assets -€3,533
down €3,533 (-31.3%), from €11,286 to €7,752
- Other debts +€38,442
up €38,442 (+136%), from €28,210 to €66,652
- Reserves -€32,890
down €32,890 (-17.6%), from €186,764 to €153,874
of which Distributable reserves: -€32,890
- Financial income -€9,623
down €9,623 (-79.7%), from €12,074 to €2,451
- Gross operating margin -€5,712
down €5,712 (-9.9%), from €57,743 to €52,031
- Write-downs -€619
down €619 (-40.7%), from €1,520 to €901
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 | €243,052 | €249,681 | +€6,629 | +2.7% |
| Fixed assets | 21/28 | €11,286 | €7,752 | -€3,533 | -31.3% |
| Tangible fixed assets | 22/27 | €11,286 | €7,752 | -€3,533 | -31.3% |
| Land and buildings | 22 | €2,416 | €1,285 | -€1,131 | -46.8% |
| Plant, machinery and equipment | 23 | €5,521 | €3,956 | -€1,565 | -28.3% |
| Furniture and vehicles | 24 | €3,349 | €2,512 | -€837 | -25.0% |
| Current assets | 29/58 | €231,766 | €241,929 | +€10,162 | +4.4% |
| Stocks and contracts in progress | 3 | €13,263 | €14,883 | +€1,621 | +12.2% |
| Stocks | 30/36 | €13,263 | €14,883 | +€1,621 | +12.2% |
| Amounts receivable within one year | 40/41 | €2,809 | €6,924 | +€4,115 | +146% |
| Trade receivables | 40 | €2,517 | €2,853 | +€336 | +13.3% |
| Other amounts receivable | 41 | €292 | €4,070 | +€3,779 | +1,296% |
| Current investments | 50/53 | €115,635 | €155,019 | +€39,384 | +34.1% |
| Cash at bank and in hand | 54/58 | €100,060 | €65,103 | -€34,957 | -34.9% |
| Total equity and liabilities | 10/49 | €243,052 | €249,681 | +€6,629 | +2.7% |
| Equity | 10/15 | €205,364 | €172,474 | -€32,890 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €186,764 | €153,874 | -€32,890 | -17.6% |
| Tax-exempt reserves | 132 | €4,442 | €4,442 | = | 0.0% |
| Distributable reserves | 133 | €182,323 | €149,432 | -€32,890 | -18.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €37,688 | €77,207 | +€39,519 | +105% |
| Amounts payable within one year | 42/48 | €37,688 | €77,207 | +€39,519 | +105% |
| Trade debts | 44 | €897 | €3,011 | +€2,115 | +236% |
| Suppliers | 440/4 | €897 | €3,011 | +€2,115 | +236% |
| Taxes, remuneration and social security | 45 | €8,581 | €7,544 | -€1,037 | -12.1% |
| Taxes | 450/3 | €8,581 | €7,544 | -€1,037 | -12.1% |
| Other amounts payable | 47/48 | €28,210 | €66,652 | +€38,442 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,783 | €3,533 | -€250 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,520 | €901 | -€619 | -40.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €57,743 | €52,031 | -€5,712 | -9.9% |
| Operating profit (loss) | 9901 | €52,053 | €47,198 | -€4,855 | -9.3% |
| Financial income | 75/76B | €12,074 | €2,451 | -€9,623 | -79.7% |
| Recurring financial income | 75 | €12,074 | €2,451 | -€9,623 | -79.7% |
| Financial charges | 65/66B | €2,550 | €2,555 | +€5 | +0.2% |
| Recurring financial charges | 65 | €2,550 | €2,555 | +€5 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €61,577 | €47,094 | -€14,483 | -23.5% |
| Income taxes | 67/77 | €13,528 | €13,332 | -€196 | -1.4% |
| Profit (loss) for the period | 9904 | €48,049 | €33,761 | -€14,287 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,049 | €33,761 | -€14,287 | -29.7% |
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 21 October 2026 via checked.be.