DR BART VISSERS: 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
DR BART VISSERS
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€116,475
2024 · €98,142+€18,333
Equity
€796,694
2024 · €680,219+€116,475
Cash
€166,350
2024 · €165,588+€762
Balance sheet total
€1.1m
2024 · €967,008+€151,304
Largest movements
Assets
- Current investments +€149,182
up €149,182 (+19.6%), from €759,655 to €908,837
Equity and liabilities
- Reserves +€116,475
up €116,475 (+17.4%), from €667,819 to €784,294
of which Distributable reserves: +€116,475
- Accrued charges and deferred income +€19,484
new in 2025: €19,484
- Tax, wage and social debts +€11,852
up €11,852 (+214,717%), from €6 to €11,858
Income statement
- Financial charges +€19,436
up €19,436 (+1,051%), from €1,848 to €21,284
- Taxes +€11,320
up €11,320 (+27.8%), from €40,685 to €52,005
- Gross operating margin +€4,340
up €4,340 (+2.5%), from €174,897 to €179,237
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
€98,142
Gross operating margin
+€4,340
Depreciation
+€1,141
Other operating charges
+€711
Other operating items
+€42,930
Financial income
-€33
Financial charges
-€19,436
Taxes
-€11,320
Result 2025
€116,475
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
+€155,203
Investment
-€154,380
Financing
-€61
Cash 2024
€165,588
From operations (derived)
+€155,203
Net result for the year
+€116,475
Depreciation
+€5,646
Receivables within one year
+€1,109
Deferred charges and accrued income
-€2,917
Trade debts
+€1,939
Tax, wage and social debts
+€11,852
Other debts
+€1,614
Accrued charges and deferred income
+€19,484
Investment (derived)
-€154,380
Investment in fixed assets (net)
-€5,198
Current investments
-€149,182
Financing
-€61
Current portion of long-term debt
-€61
Cash 2025
€166,350
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €967,008 | €1,118,312 | +€151,304 | +15.6% |
| Fixed assets | 21/28 | €13,013 | €12,565 | -€448 | -3.4% |
| Tangible fixed assets | 22/27 | €13,013 | €12,565 | -€448 | -3.4% |
| Plant, machinery and equipment | 23 | €11,001 | €11,936 | +€935 | +8.5% |
| Furniture and vehicles | 24 | €2,012 | €629 | -€1,383 | -68.7% |
| Current assets | 29/58 | €953,995 | €1,105,746 | +€151,752 | +15.9% |
| Amounts receivable within one year | 40/41 | €1,109 | - | -€1,109 | |
| Other amounts receivable | 41 | €1,109 | - | -€1,109 | |
| Current investments | 50/53 | €759,655 | €908,837 | +€149,182 | +19.6% |
| Cash at bank and in hand | 54/58 | €165,588 | €166,350 | +€762 | +0.5% |
| Deferred charges and accrued income | 490/1 | €27,642 | €30,559 | +€2,917 | +10.6% |
| Total equity and liabilities | 10/49 | €967,008 | €1,118,312 | +€151,304 | +15.6% |
| Equity | 10/15 | €680,219 | €796,694 | +€116,475 | +17.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €667,819 | €784,294 | +€116,475 | +17.4% |
| 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 | €665,959 | €782,434 | +€116,475 | +17.5% |
| Amounts payable | 17/49 | €286,789 | €321,617 | +€34,828 | +12.1% |
| Amounts payable within one year | 42/48 | €286,789 | €302,134 | +€15,345 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €10,672 | €10,611 | -€61 | -0.6% |
| Trade debts | 44 | €856 | €2,796 | +€1,939 | +227% |
| Suppliers | 440/4 | €856 | €2,796 | +€1,939 | +227% |
| Taxes, remuneration and social security | 45 | €6 | €11,858 | +€11,852 | +214,717% |
| Taxes | 450/3 | €6 | €11,858 | +€11,852 | +214,717% |
| Other amounts payable | 47/48 | €275,255 | €276,870 | +€1,614 | +0.6% |
| Accrued charges and deferred income | 492/3 | - | €19,484 | +€19,484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,787 | €5,646 | -€1,141 | -16.8% |
| Other operating charges | 640/8 | €3,435 | €2,725 | -€711 | -20.7% |
| Non-recurring operating charges | 66A | €42,930 | - | -€42,930 | |
| Gross operating margin | 9900 | €174,897 | €179,237 | +€4,340 | +2.5% |
| Operating profit (loss) | 9901 | €121,744 | €170,866 | +€49,122 | +40.3% |
| Financial income | 75/76B | €18,931 | €18,898 | -€33 | -0.2% |
| Recurring financial income | 75 | €18,931 | €18,898 | -€33 | -0.2% |
| Financial charges | 65/66B | €1,848 | €21,284 | +€19,436 | +1,051% |
| Recurring financial charges | 65 | €1,848 | €21,284 | +€19,436 | +1,051% |
| Profit (loss) for the period before taxes | 9903 | €138,827 | €168,480 | +€29,654 | +21.4% |
| Income taxes | 67/77 | €40,685 | €52,005 | +€11,320 | +27.8% |
| Profit (loss) for the period | 9904 | €98,142 | €116,475 | +€18,333 | +18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €98,142 | €116,475 | +€18,333 | +18.7% |
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 22 October 2026 via checked.be.