DR. IGNACE VAN EUPEN: 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. IGNACE VAN EUPEN
NACE 86.210, General medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€96,586
2024 · €100,223-€3,637
Equity
€819,468
2024 · €722,883+€96,586
Cash
€27,295
2024 · €66,032-€38,737
Balance sheet total
€921,165
2024 · €813,804+€107,362
Largest movements
Assets
- Current investments +€134,308
up €134,308 (+27.8%), from €483,793 to €618,100
- Cash -€38,737
down €38,737 (-58.7%), from €66,032 to €27,295
mainly Current investments (-€134,308) and Investment in fixed assets (net) (-€38,728)
Equity and liabilities
- Reserves +€96,580
up €96,580 (+13.6%), from €710,310 to €806,890
of which Distributable reserves: +€96,580
- Debts after one year +€12,819
new in 2025: €12,819
Income statement
- Gross operating margin +€3,851
up €3,851 (+1.9%), from €198,196 to €202,047
- Financial income -€3,331
down €3,331 (-52.0%), from €6,401 to €3,070
- Depreciation +€2,081
up €2,081 (+6.8%), from €30,527 to €32,608
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
€100,223
Gross operating margin
+€3,851
Staff costs
-€1,468
Depreciation
-€2,081
Other operating charges
-€7
Financial income
-€3,331
Financial charges
-€682
Taxes
+€81
Result 2025
€96,586
raises the resultlowers the result
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
+€116,456
Investment
-€173,035
Financing
+€17,843
Cash 2024
€66,032
From operations (derived)
+€116,456
Net result for the year
+€96,586
Depreciation
+€32,608
Receivables within one year
-€6,483
Deferred charges and accrued income
+€812
Trade debts
+€123
Tax, wage and social debts
-€7,190
Investment (derived)
-€173,035
Investment in fixed assets (net)
-€38,728
Current investments
-€134,308
Financing
+€17,843
Debts after one year
+€12,819
Current portion of long-term debt
+€5,725
Short-term financial debts
-€702
Cash 2025
€27,295
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €813,804 | €921,165 | +€107,362 | +13.2% |
| Fixed assets | 21/28 | €88,650 | €94,770 | +€6,119 | +6.9% |
| Tangible fixed assets | 22/27 | €88,650 | €94,770 | +€6,119 | +6.9% |
| Plant, machinery and equipment | 23 | €3,378 | €7,381 | +€4,003 | +119% |
| Furniture and vehicles | 24 | €65,825 | €65,885 | +€60 | +0.1% |
| Other tangible fixed assets | 26 | €19,448 | €21,504 | +€2,056 | +10.6% |
| Current assets | 29/58 | €725,153 | €826,396 | +€101,242 | +14.0% |
| Amounts receivable within one year | 40/41 | €172,514 | €178,997 | +€6,483 | +3.8% |
| Trade receivables | 40 | €133,925 | €112,293 | -€21,632 | -16.2% |
| Other amounts receivable | 41 | €38,590 | €66,704 | +€28,115 | +72.9% |
| Current investments | 50/53 | €483,793 | €618,100 | +€134,308 | +27.8% |
| Cash at bank and in hand | 54/58 | €66,032 | €27,295 | -€38,737 | -58.7% |
| Deferred charges and accrued income | 490/1 | €2,815 | €2,003 | -€812 | -28.8% |
| Total equity and liabilities | 10/49 | €813,804 | €921,165 | +€107,362 | +13.2% |
| Equity | 10/15 | €722,883 | €819,468 | +€96,586 | +13.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €710,310 | €806,890 | +€96,580 | +13.6% |
| 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 | €708,450 | €805,030 | +€96,580 | +13.6% |
| Profit (loss) carried forward | 14 | €6,373 | €6,378 | +€6 | +0.1% |
| Provisions and deferred taxes | 16 | €19,332 | €19,332 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,332 | €19,332 | = | 0.0% |
| Pensions and similar obligations | 160 | €19,332 | €19,332 | = | 0.0% |
| Amounts payable | 17/49 | €71,589 | €82,365 | +€10,776 | +15.1% |
| Amounts payable after more than one year | 17 | - | €12,819 | +€12,819 | |
| Financial debts | 170/4 | - | €12,819 | +€12,819 | |
| Amounts payable within one year | 42/48 | €71,589 | €69,546 | -€2,043 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,725 | +€5,725 | |
| Financial debts | 43 | €13,218 | €12,517 | -€702 | -5.3% |
| Credit institutions | 430/8 | €13,218 | €12,517 | -€702 | -5.3% |
| Trade debts | 44 | €15,096 | €15,219 | +€123 | +0.8% |
| Suppliers | 440/4 | €15,096 | €15,219 | +€123 | +0.8% |
| Taxes, remuneration and social security | 45 | €43,275 | €36,085 | -€7,190 | -16.6% |
| Taxes | 450/3 | €43,275 | €36,085 | -€7,190 | -16.6% |
| Non-recurring operating income | 76A | - | €122 | +€122 | |
| Remuneration, social security and pensions | 62 | - | €1,468 | +€1,468 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,527 | €32,608 | +€2,081 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,654 | €22,654 | = | 0.0% |
| Other operating charges | 640/8 | €1,549 | €1,556 | +€7 | +0.4% |
| Gross operating margin | 9900 | €198,196 | €202,047 | +€3,851 | +1.9% |
| Operating profit (loss) | 9901 | €143,466 | €143,761 | +€295 | +0.2% |
| Financial income | 75/76B | €6,401 | €3,070 | -€3,331 | -52.0% |
| Recurring financial income | 75 | €6,401 | €3,070 | -€3,331 | -52.0% |
| Financial charges | 65/66B | €693 | €1,375 | +€682 | +98.5% |
| Recurring financial charges | 65 | €693 | €1,375 | +€682 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €149,174 | €145,456 | -€3,718 | -2.5% |
| Income taxes | 67/77 | €48,951 | €48,870 | -€81 | -0.2% |
| Profit (loss) for the period | 9904 | €100,223 | €96,586 | -€3,637 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,223 | €96,586 | -€3,637 | -3.6% |
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 25 October 2026 via checked.be.