Dr. Nancy Verdonck: 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. Nancy Verdonck
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€338,272
2024 · €354,728-€16,456
Equity
€1.9m
2024 · €1.8m+€76,572
Cash
€402,981
2024 · €401,106+€1,875
Balance sheet total
€2.0m
2024 · €2.0m-€19,904
Largest movements
Assets
- Receivables within one year -€22,498
down €22,498 (-13.4%), from €168,375 to €145,878
of which Trade receivables: -€20,129
Equity and liabilities
- Other debts -€102,760
down €102,760 (-87.0%), from €118,121 to €15,361
- Reserves +€78,272
up €78,272 (+4.5%), from €1.7m to €1.8m
Income statement
- Financial income -€18,249
down €18,249 (-45.0%), from €40,510 to €22,262
- Gross operating margin +€8,292
up €8,292 (+1.5%), from €569,449 to €577,741
- Staff costs +€7,375
up €7,375 (+11.5%), from €63,960 to €71,335
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
€354,728
Gross operating margin
+€8,292
Staff costs
-€7,375
Depreciation
-€2,645
Other operating charges
+€966
Financial income
-€18,249
Financial charges
+€56
Taxes
+€2,499
Result 2025
€338,272
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
+€291,486
Investment
-€27,911
Financing
-€261,700
Cash 2024
€401,106
From operations (derived)
+€291,486
Net result for the year
+€338,272
Depreciation
+€26,301
Receivables within one year
+€22,498
Deferred charges and accrued income
+€891
Trade debts
+€1,424
Tax, wage and social debts
+€12,059
Other debts
-€102,760
Accrued charges and deferred income
-€7,199
Investment (derived)
-€27,911
Investment in fixed assets (net)
-€20,649
Current investments
-€7,263
Financing
-€261,700
Contributions, distributions and other
-€261,700
Cash 2025
€402,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,012,191 | €1,992,287 | -€19,904 | -1.0% |
| Fixed assets | 21/28 | €52,649 | €46,997 | -€5,653 | -10.7% |
| Tangible fixed assets | 22/27 | €52,649 | €46,997 | -€5,653 | -10.7% |
| Plant, machinery and equipment | 23 | €33,725 | €40,760 | +€7,035 | +20.9% |
| Furniture and vehicles | 24 | €17,980 | €5,322 | -€12,658 | -70.4% |
| Other tangible fixed assets | 26 | €945 | €915 | -€30 | -3.2% |
| Current assets | 29/58 | €1,959,542 | €1,945,291 | -€14,251 | -0.7% |
| Amounts receivable within one year | 40/41 | €168,375 | €145,878 | -€22,498 | -13.4% |
| Trade receivables | 40 | €77,250 | €57,122 | -€20,129 | -26.1% |
| Other amounts receivable | 41 | €91,125 | €88,756 | -€2,369 | -2.6% |
| Current investments | 50/53 | €1,382,640 | €1,389,903 | +€7,263 | +0.5% |
| Cash at bank and in hand | 54/58 | €401,106 | €402,981 | +€1,875 | +0.5% |
| Deferred charges and accrued income | 490/1 | €7,420 | €6,529 | -€891 | -12.0% |
| Total equity and liabilities | 10/49 | €2,012,191 | €1,992,287 | -€19,904 | -1.0% |
| Equity | 10/15 | €1,783,090 | €1,859,662 | +€76,572 | +4.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €1,749,544 | €1,827,816 | +€78,272 | +4.5% |
| Distributable reserves | 133 | €1,749,544 | €1,827,816 | +€78,272 | +4.5% |
| Profit (loss) carried forward | 14 | €8,546 | €6,846 | -€1,700 | -19.9% |
| Amounts payable | 17/49 | €229,102 | €132,626 | -€96,476 | -42.1% |
| Amounts payable within one year | 42/48 | €128,009 | €38,732 | -€89,277 | -69.7% |
| Trade debts | 44 | €846 | €2,271 | +€1,424 | +168% |
| Suppliers | 440/4 | €846 | €2,271 | +€1,424 | +168% |
| Taxes, remuneration and social security | 45 | €9,042 | €21,100 | +€12,059 | +133% |
| Taxes | 450/3 | €9,042 | €21,100 | +€12,059 | +133% |
| Other amounts payable | 47/48 | €118,121 | €15,361 | -€102,760 | -87.0% |
| Accrued charges and deferred income | 492/3 | €101,093 | €93,894 | -€7,199 | -7.1% |
| Remuneration, social security and pensions | 62 | €63,960 | €71,335 | +€7,375 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,656 | €26,301 | +€2,645 | +11.2% |
| Other operating charges | 640/8 | €4,017 | €3,052 | -€966 | -24.0% |
| Gross operating margin | 9900 | €569,449 | €577,741 | +€8,292 | +1.5% |
| Operating profit (loss) | 9901 | €477,815 | €477,053 | -€762 | -0.2% |
| Financial income | 75/76B | €40,510 | €22,262 | -€18,249 | -45.0% |
| Recurring financial income | 75 | €40,510 | €22,262 | -€18,249 | -45.0% |
| Financial charges | 65/66B | €13,126 | €13,071 | -€56 | -0.4% |
| Recurring financial charges | 65 | €13,126 | €13,071 | -€56 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €505,199 | €486,244 | -€18,955 | -3.8% |
| Income taxes | 67/77 | €150,471 | €147,972 | -€2,499 | -1.7% |
| Profit (loss) for the period | 9904 | €354,728 | €338,272 | -€16,456 | -4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €354,728 | €338,272 | -€16,456 | -4.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.