DR. K.SPAEPEN: what changed
What changed
DR. K.SPAEPEN
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€300,530
2024 · €391,258-€90,728
Equity
€1.8m
2024 · €1.8m+€4,489
Cash
€53,492
2024 · €63,676-€10,184
Balance sheet total
€2.2m
2024 · €2.3m-€100,430
Largest movements
Assets
- Tangible fixed assets -€151,858
down €151,858 (-11.6%), from €1.3m to €1.2m
of which Furniture and vehicles: -€104,392
- Current investments +€117,671
up €117,671 (+15.6%), from €756,400 to €874,071
- Deferred charges and accrued income -€60,107
down €60,107 (-36.0%), from €167,043 to €106,935
Equity and liabilities
- Debts after one year -€43,457
down €43,457 (-74.5%), from €58,349 to €14,892
- Other debts -€30,916
down €30,916 (-9.2%), from €335,642 to €304,726
Income statement
- Financial charges +€127,872
up €127,872 (+2,458%), from €5,203 to €133,075
of which Non-recurring financial charges: +€129,497
- Gross operating margin +€116,175
up €116,175 (+25.3%), from €459,131 to €575,306
- Financial income -€106,724
down €106,724 (-68.1%), from €156,640 to €49,916
- Depreciation -€23,758
down €23,758 (-28.3%), from €84,077 to €60,319
- Taxes -€6,172
down €6,172 (-4.7%), from €130,863 to €124,691
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
€391,258
Gross operating margin
+€116,175
Depreciation
+€23,758
Other operating charges
-€2,237
Financial income
-€106,724
Financial charges
-€127,872
Taxes
+€6,172
Result 2025
€300,530
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
+€351,102
Investment
-€26,132
Financing
-€335,155
Cash 2024
€63,676
From operations (derived)
+€351,102
Net result for the year
+€300,530
Depreciation
+€60,319
Receivables within one year
-€4,049
Deferred charges and accrued income
+€60,107
Trade debts
-€16,552
Tax, wage and social debts
-€18,337
Other debts
-€30,916
Investment (derived)
-€26,132
Investment in fixed assets (net)
+€91,539
Current investments
-€117,671
Financing
-€335,155
Debts after one year
-€43,457
Current portion of long-term debt
+€1,774
Short-term financial debts
+€2,570
Contributions, distributions and other
-€296,041
Cash 2025
€53,492
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,291,633 | €2,191,203 | -€100,430 | -4.4% |
| Fixed assets | 21/28 | €1,304,514 | €1,152,657 | -€151,858 | -11.6% |
| Tangible fixed assets | 22/27 | €1,304,514 | €1,152,657 | -€151,858 | -11.6% |
| Land and buildings | 22 | €1,164,090 | €1,118,748 | -€45,342 | -3.9% |
| Plant, machinery and equipment | 23 | €10,603 | €8,480 | -€2,123 | -20.0% |
| Furniture and vehicles | 24 | €129,821 | €25,428 | -€104,392 | -80.4% |
| Current assets | 29/58 | €987,119 | €1,038,547 | +€51,428 | +5.2% |
| Amounts receivable within one year | 40/41 | €0 | €4,049 | +€4,049 | |
| Trade receivables | 40 | €0 | €483 | +€483 | |
| Other amounts receivable | 41 | €0 | €3,566 | +€3,566 | |
| Current investments | 50/53 | €756,400 | €874,071 | +€117,671 | +15.6% |
| Cash at bank and in hand | 54/58 | €63,676 | €53,492 | -€10,184 | -16.0% |
| Deferred charges and accrued income | 490/1 | €167,043 | €106,935 | -€60,107 | -36.0% |
| Total equity and liabilities | 10/49 | €2,291,633 | €2,191,203 | -€100,430 | -4.4% |
| Equity | 10/15 | €1,805,980 | €1,810,468 | +€4,489 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,787,380 | €1,791,868 | +€4,489 | +0.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €106,800 | €106,800 | = | 0.0% |
| Distributable reserves | 133 | €1,680,580 | €1,685,068 | +€4,489 | +0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €485,653 | €380,735 | -€104,919 | -21.6% |
| Amounts payable after more than one year | 17 | €58,349 | €14,892 | -€43,457 | -74.5% |
| Financial debts | 170/4 | €58,349 | €14,892 | -€43,457 | -74.5% |
| Amounts payable within one year | 42/48 | €427,304 | €365,843 | -€61,462 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €41,683 | €43,457 | +€1,774 | +4.3% |
| Financial debts | 43 | €2,939 | €5,509 | +€2,570 | +87.4% |
| Credit institutions | 430/8 | €2,939 | €5,509 | +€2,570 | +87.4% |
| Trade debts | 44 | €28,703 | €12,151 | -€16,552 | -57.7% |
| Suppliers | 440/4 | €28,703 | €12,151 | -€16,552 | -57.7% |
| Taxes, remuneration and social security | 45 | €18,337 | €0 | -€18,337 | -100% |
| Taxes | 450/3 | €18,337 | €0 | -€18,337 | -100% |
| Other amounts payable | 47/48 | €335,642 | €304,726 | -€30,916 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,077 | €60,319 | -€23,758 | -28.3% |
| Other operating charges | 640/8 | €4,370 | €6,607 | +€2,237 | +51.2% |
| Gross operating margin | 9900 | €459,131 | €575,306 | +€116,175 | +25.3% |
| Operating profit (loss) | 9901 | €370,683 | €508,380 | +€137,697 | +37.1% |
| Financial income | 75/76B | €156,640 | €49,916 | -€106,724 | -68.1% |
| Recurring financial income | 75 | €156,640 | €49,916 | -€106,724 | -68.1% |
| Financial charges | 65/66B | €5,203 | €133,075 | +€127,872 | +2,458% |
| Recurring financial charges | 65 | €5,203 | €3,577 | -€1,626 | -31.2% |
| Non-recurring financial charges | 66B | - | €129,497 | +€129,497 | |
| Profit (loss) for the period before taxes | 9903 | €522,121 | €425,221 | -€96,900 | -18.6% |
| Income taxes | 67/77 | €130,863 | €124,691 | -€6,172 | -4.7% |
| Profit (loss) for the period | 9904 | €391,258 | €300,530 | -€90,728 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €391,258 | €300,530 | -€90,728 | -23.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.