DR. H. SEBRECHTS: what changed
What changed
DR. H. SEBRECHTS
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€204,408
2024 · €280,429-€76,021
Equity
€1.1m
2024 · €1.1m+€33,292
Cash
€257,375
2024 · €261,706-€4,331
Balance sheet total
€1.3m
2024 · €1.2m+€55,456
Largest movements
Assets
- Current investments +€113,935
up €113,935 (+16.8%), from €677,069 to €791,004
- Receivables within one year -€31,162
down €31,162 (-20.1%), from €155,027 to €123,865
of which Trade receivables: -€21,366
- Tangible fixed assets -€24,334
down €24,334 (-20.9%), from €116,263 to €91,929
of which Furniture and vehicles: -€12,739
Equity and liabilities
- Other debts +€54,754
up €54,754 (+47.1%), from €116,362 to €171,116
- Reserves +€33,292
up €33,292 (+3.2%), from €1.0m to €1.1m
of which Distributable reserves: +€33,292
- Tax, wage and social debts -€28,043
no longer reported in 2025 (was €28,043)
Income statement
- Gross operating margin -€105,678
down €105,678 (-24.0%), from €440,453 to €334,775
- Taxes -€27,572
down €27,572 (-22.1%), from €124,568 to €96,996
- Financial charges +€5,571
up €5,571 (+203%), from €2,747 to €8,317
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
€280,429
Gross operating margin
-€105,678
Depreciation
+€694
Other operating charges
+€3,498
Financial income
+€3,464
Financial charges
-€5,571
Taxes
+€27,572
Result 2025
€204,408
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
+€298,775
Investment
-€131,991
Financing
-€171,116
Cash 2024
€261,706
From operations (derived)
+€298,775
Net result for the year
+€204,408
Depreciation
+€42,390
Receivables within one year
+€31,162
Deferred charges and accrued income
-€1,349
Trade debts
-€4,514
Tax, wage and social debts
-€28,043
Other debts
+€54,754
Accrued charges and deferred income
-€34
Investment (derived)
-€131,991
Investment in fixed assets (net)
-€18,056
Current investments
-€113,935
Financing
-€171,116
Contributions, distributions and other
-€171,116
Cash 2025
€257,375
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,214,229 | €1,269,684 | +€55,456 | +4.6% |
| Fixed assets | 21/28 | €116,263 | €91,929 | -€24,334 | -20.9% |
| Tangible fixed assets | 22/27 | €116,263 | €91,929 | -€24,334 | -20.9% |
| Land and buildings | 22 | €65,136 | €56,750 | -€8,387 | -12.9% |
| Plant, machinery and equipment | 23 | €6,249 | €3,040 | -€3,208 | -51.3% |
| Furniture and vehicles | 24 | €44,878 | €32,139 | -€12,739 | -28.4% |
| Current assets | 29/58 | €1,097,965 | €1,177,755 | +€79,790 | +7.3% |
| Amounts receivable within one year | 40/41 | €155,027 | €123,865 | -€31,162 | -20.1% |
| Trade receivables | 40 | €120,507 | €99,141 | -€21,366 | -17.7% |
| Other amounts receivable | 41 | €34,520 | €24,724 | -€9,796 | -28.4% |
| Current investments | 50/53 | €677,069 | €791,004 | +€113,935 | +16.8% |
| Cash at bank and in hand | 54/58 | €261,706 | €257,375 | -€4,331 | -1.7% |
| Deferred charges and accrued income | 490/1 | €4,162 | €5,511 | +€1,349 | +32.4% |
| Total equity and liabilities | 10/49 | €1,214,229 | €1,269,684 | +€55,456 | +4.6% |
| Equity | 10/15 | €1,061,941 | €1,095,233 | +€33,292 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,043,341 | €1,076,633 | +€33,292 | +3.2% |
| Tax-exempt reserves | 132 | €54,349 | €54,349 | = | 0.0% |
| Distributable reserves | 133 | €988,992 | €1,022,284 | +€33,292 | +3.4% |
| Amounts payable | 17/49 | €152,288 | €174,451 | +€22,164 | +14.6% |
| Amounts payable within one year | 42/48 | €152,254 | €174,451 | +€22,198 | +14.6% |
| Trade debts | 44 | €7,849 | €3,335 | -€4,514 | -57.5% |
| Suppliers | 440/4 | €7,849 | €3,335 | -€4,514 | -57.5% |
| Taxes, remuneration and social security | 45 | €28,043 | - | -€28,043 | |
| Taxes | 450/3 | €28,043 | - | -€28,043 | |
| Other amounts payable | 47/48 | €116,362 | €171,116 | +€54,754 | +47.1% |
| Accrued charges and deferred income | 492/3 | €34 | - | -€34 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,085 | €42,390 | -€694 | -1.6% |
| Other operating charges | 640/8 | €7,038 | €3,540 | -€3,498 | -49.7% |
| Gross operating margin | 9900 | €440,453 | €334,775 | -€105,678 | -24.0% |
| Operating profit (loss) | 9901 | €390,330 | €288,845 | -€101,486 | -26.0% |
| Financial income | 75/76B | €17,413 | €20,877 | +€3,464 | +19.9% |
| Recurring financial income | 75 | €17,413 | €20,877 | +€3,464 | +19.9% |
| Financial charges | 65/66B | €2,747 | €8,317 | +€5,571 | +203% |
| Recurring financial charges | 65 | €2,747 | €8,317 | +€5,571 | +203% |
| Profit (loss) for the period before taxes | 9903 | €404,997 | €301,404 | -€103,593 | -25.6% |
| Income taxes | 67/77 | €124,568 | €96,996 | -€27,572 | -22.1% |
| Profit (loss) for the period | 9904 | €280,429 | €204,408 | -€76,021 | -27.1% |
| Profit (loss) for the period to be appropriated | 9905 | €280,429 | €204,408 | -€76,021 | -27.1% |
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 3 November 2026 via checked.be.