DR. GEERT VALGAEREN: what changed
What changed
DR. GEERT VALGAEREN
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€77,834
2024 · €66,336+€11,498
Equity
€485,936
2024 · €408,102+€77,834
Cash
€226,115
2024 · €172,034+€54,080
Balance sheet total
€495,467
2024 · €417,856+€77,611
Largest movements
Assets
- Cash +€54,080
up €54,080 (+31.4%), from €172,034 to €226,115
mainly Net result for the year (+€77,834) and Trade debts (+€5,114)
- Current investments +€24,000
up €24,000 (+18.3%), from €131,434 to €155,434
Equity and liabilities
- Reserves +€77,834
up €77,834 (+26.7%), from €292,042 to €369,875
- Tax, wage and social debts -€5,336
down €5,336 (-62.6%), from €8,523 to €3,187
of which Taxes: -€5,419
- Trade debts +€5,114
up €5,114 (+1,101%), from €465 to €5,579
Income statement
- Financial income +€10,625
up €10,625 (+732%), from €1,451 to €12,076
- Gross operating margin +€6,126
up €6,126 (+5.0%), from €122,712 to €128,838
- Staff costs +€4,170
up €4,170 (+16.6%), from €25,115 to €29,285
- Taxes +€1,666
up €1,666 (+6.4%), from €25,854 to €27,520
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
€66,336
Gross operating margin
+€6,126
Staff costs
-€4,170
Depreciation
+€490
Other operating charges
+€161
Financial income
+€10,625
Financial charges
-€68
Taxes
-€1,666
Result 2025
€77,834
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
+€82,860
Investment
-€28,779
Financing
€0
Cash 2024
€172,034
From operations (derived)
+€82,860
Net result for the year
+€77,834
Depreciation
+€4,134
Receivables within one year
+€2,393
Deferred charges and accrued income
-€1,278
Trade debts
+€5,114
Tax, wage and social debts
-€5,336
Investment (derived)
-€28,779
Investment in fixed assets (net)
-€4,779
Current investments
-€24,000
Cash 2025
€226,115
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €417,856 | €495,467 | +€77,611 | +18.6% |
| Fixed assets | 21/28 | €6,928 | €7,574 | +€646 | +9.3% |
| Tangible fixed assets | 22/27 | €6,428 | €7,074 | +€646 | +10.0% |
| Plant, machinery and equipment | 23 | €3,375 | €5,307 | +€1,932 | +57.2% |
| Furniture and vehicles | 24 | €3,053 | €1,767 | -€1,286 | -42.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €410,928 | €487,893 | +€76,965 | +18.7% |
| Amounts receivable within one year | 40/41 | €101,732 | €99,339 | -€2,393 | -2.4% |
| Trade receivables | 40 | €101,732 | €98,236 | -€3,496 | -3.4% |
| Other amounts receivable | 41 | - | €1,103 | +€1,103 | |
| Current investments | 50/53 | €131,434 | €155,434 | +€24,000 | +18.3% |
| Cash at bank and in hand | 54/58 | €172,034 | €226,115 | +€54,080 | +31.4% |
| Deferred charges and accrued income | 490/1 | €5,728 | €7,006 | +€1,278 | +22.3% |
| Total equity and liabilities | 10/49 | €417,856 | €495,467 | +€77,611 | +18.6% |
| Equity | 10/15 | €408,102 | €485,936 | +€77,834 | +19.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €292,042 | €369,875 | +€77,834 | +26.7% |
| Distributable reserves | 133 | €292,042 | €369,875 | +€77,834 | +26.7% |
| Profit (loss) carried forward | 14 | €103,660 | €103,660 | = | 0.0% |
| Amounts payable | 17/49 | €9,754 | €9,532 | -€222 | -2.3% |
| Amounts payable within one year | 42/48 | €9,754 | €9,532 | -€222 | -2.3% |
| Trade debts | 44 | €465 | €5,579 | +€5,114 | +1,101% |
| Suppliers | 440/4 | €465 | €5,579 | +€5,114 | +1,101% |
| Taxes, remuneration and social security | 45 | €8,523 | €3,187 | -€5,336 | -62.6% |
| Taxes | 450/3 | €5,419 | - | -€5,419 | |
| Remuneration and social security | 454/9 | €3,104 | €3,187 | +€83 | +2.7% |
| Other amounts payable | 47/48 | €766 | €766 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €25,115 | €29,285 | +€4,170 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,624 | €4,134 | -€490 | -10.6% |
| Other operating charges | 640/8 | €1,059 | €898 | -€161 | -15.2% |
| Gross operating margin | 9900 | €122,712 | €128,838 | +€6,126 | +5.0% |
| Operating profit (loss) | 9901 | €91,915 | €94,522 | +€2,607 | +2.8% |
| Financial income | 75/76B | €1,451 | €12,076 | +€10,625 | +732% |
| Recurring financial income | 75 | €1,451 | €12,076 | +€10,625 | +732% |
| Financial charges | 65/66B | €1,176 | €1,245 | +€68 | +5.8% |
| Recurring financial charges | 65 | €1,176 | €1,245 | +€68 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €92,190 | €105,354 | +€13,164 | +14.3% |
| Income taxes | 67/77 | €25,854 | €27,520 | +€1,666 | +6.4% |
| Profit (loss) for the period | 9904 | €66,336 | €77,834 | +€11,498 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,336 | €77,834 | +€11,498 | +17.3% |
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 2 November 2026 via checked.be.