DR. RIVERO: what changed
Two fiscal 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. RIVERO
NACE 86.220, Specialist medical practice
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€391,138
2024 · €334,634+€56,504
Equity
€1.8m
2024 · €1.8m+€29,545
Cash
€84,569
2024 · €100,308-€15,739
Balance sheet total
€3.2m
2024 · €2.9m+€315,107
Largest movements
Assets
- Receivables within one year +€264,875
up €264,875 (+64.8%), from €408,642 to €673,517
of which Other amounts receivable: +€321,803
- Current investments +€113,500
up €113,500 (+21.1%), from €538,749 to €652,249
- Tangible fixed assets -€45,967
down €45,967 (-3.7%), from €1.2m to €1.2m
of which Land and buildings: -€48,017
Equity and liabilities
- Other debts +€361,593
new in 2025: €361,593
- Debts after one year -€105,075
down €105,075 (-11.7%), from €895,474 to €790,399
- Short-term financial debts +€32,794
new in 2025: €32,794
Income statement
- Financial income +€84,542
up €84,542 (+154.6%), from €54,677 to €139,219
of which Non-recurring financial income: +€88,745
- Financial charges +€38,795
up €38,795 (+50.3%), from €77,164 to €115,959
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
€334,634
Gross operating margin
+€2,916
Depreciation
-€2,516
Other operating charges
-€1,602
Other operating items
+€13,500
Financial income
+€84,542
Financial charges
-€38,795
Taxes
-€1,540
Result 2025
€391,138
Cash bridge derived
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
+€610,032
Investment
-€163,764
Financing
-€462,007
Cash 2024
€100,308
From operations (derived)
+€610,032
Net result for the year
+€391,138
Depreciation
+€96,230
Receivables after one year
+€12,560
Receivables within one year
-€264,875
Deferred charges and accrued income
-€10,998
Trade debts
+€729
Tax, wage and social debts
+€23,653
Other debts
+€361,593
Investment (derived)
-€163,764
Investment in fixed assets (net)
-€50,264
Current investments
-€113,500
Financing
-€462,007
Debts after one year
-€105,075
Current portion of long-term debt
-€28,133
Short-term financial debts
+€32,794
Contributions, distributions and other
-€361,593
Cash 2025
€84,569
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,877,075 | €3,192,182 | +€315,107 | +11.0% |
| Fixed assets | 21/28 | €1,244,214 | €1,198,247 | -€45,967 | -3.7% |
| Tangible fixed assets | 22/27 | €1,242,284 | €1,196,317 | -€45,967 | -3.7% |
| Land and buildings | 22 | €1,231,462 | €1,183,444 | -€48,017 | -3.9% |
| Furniture and vehicles | 24 | €10,823 | €12,873 | +€2,050 | +18.9% |
| Financial fixed assets | 28 | €1,930 | €1,930 | = | 0.0% |
| Current assets | 29/58 | €1,632,861 | €1,993,934 | +€361,073 | +22.1% |
| Amounts receivable after more than one year | 29 | €569,071 | €556,510 | -€12,560 | -2.2% |
| Other amounts receivable | 291 | €569,071 | €556,510 | -€12,560 | -2.2% |
| Amounts receivable within one year | 40/41 | €408,642 | €673,517 | +€264,875 | +64.8% |
| Trade receivables | 40 | €340,159 | €283,231 | -€56,928 | -16.7% |
| Other amounts receivable | 41 | €68,483 | €390,286 | +€321,803 | +469.9% |
| Current investments | 50/53 | €538,749 | €652,249 | +€113,500 | +21.1% |
| Cash at bank and in hand | 54/58 | €100,308 | €84,569 | -€15,739 | -15.7% |
| Deferred charges and accrued income | 490/1 | €16,091 | €27,088 | +€10,998 | +68.3% |
| Total equity and liabilities | 10/49 | €2,877,075 | €3,192,182 | +€315,107 | +11.0% |
| Equity | 10/15 | €1,773,387 | €1,802,933 | +€29,545 | +1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,754,787 | €1,784,333 | +€29,545 | +1.7% |
| Distributable reserves | 133 | €1,754,787 | €1,784,333 | +€29,545 | +1.7% |
| Amounts payable | 17/49 | €1,103,688 | €1,389,249 | +€285,561 | +25.9% |
| Amounts payable after more than one year | 17 | €895,474 | €790,399 | -€105,075 | -11.7% |
| Financial debts | 170/4 | €895,474 | €790,399 | -€105,075 | -11.7% |
| Amounts payable within one year | 42/48 | €208,214 | €598,850 | +€390,636 | +187.6% |
| Current portion of amounts payable after more than one year | 42 | €143,152 | €115,019 | -€28,133 | -19.7% |
| Financial debts | 43 | - | €32,794 | +€32,794 | |
| Credit institutions | 430/8 | - | €32,794 | +€32,794 | |
| Trade debts | 44 | €6,016 | €6,745 | +€729 | +12.1% |
| Suppliers | 440/4 | €6,016 | €6,745 | +€729 | +12.1% |
| Taxes, remuneration and social security | 45 | €59,045 | €82,698 | +€23,653 | +40.1% |
| Taxes | 450/3 | €59,045 | €82,698 | +€23,653 | +40.1% |
| Other amounts payable | 47/48 | - | €361,593 | +€361,593 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,714 | €96,230 | +€2,516 | +2.7% |
| Other operating charges | 640/8 | €4,701 | €6,303 | +€1,602 | +34.1% |
| Non-recurring operating charges | 66A | €1,459 | -€12,041 | -€13,500 | |
| Gross operating margin | 9900 | €624,634 | €627,550 | +€2,916 | +0.5% |
| Operating profit (loss) | 9901 | €524,760 | €537,058 | +€12,298 | +2.3% |
| Financial income | 75/76B | €54,677 | €139,219 | +€84,542 | +154.6% |
| Recurring financial income | 75 | €43,422 | €39,219 | -€4,203 | -9.7% |
| Non-recurring financial income | 76B | €11,255 | €100,000 | +€88,745 | +788.5% |
| Financial charges | 65/66B | €77,164 | €115,959 | +€38,795 | +50.3% |
| Recurring financial charges | 65 | €77,164 | €115,959 | +€38,795 | +50.3% |
| Profit (loss) for the period before taxes | 9903 | €502,273 | €560,317 | +€58,045 | +11.6% |
| Income taxes | 67/77 | €167,639 | €169,179 | +€1,540 | +0.9% |
| Profit (loss) for the period | 9904 | €334,634 | €391,138 | +€56,504 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €334,634 | €391,138 | +€56,504 | +16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.