Dr. S. Verhaert: what changed
What changed
Dr. S. Verhaert
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€225,172
2024 · €192,491+€32,681
Equity
€182,915
2024 · €183,744-€828
Cash
€398,308
2024 · €278,454+€119,854
Balance sheet total
€1.0m
2024 · €914,330+€120,024
Largest movements
Assets
- Cash +€119,854
up €119,854 (+43.0%), from €278,454 to €398,308
mainly Net result for the year (+€225,172) and Other debts (+€152,001)
- Tangible fixed assets -€28,013
down €28,013 (-4.5%), from €624,822 to €596,809
of which Land and buildings: -€33,281
- Deferred charges and accrued income +€25,963
up €25,963 (+262%), from €9,925 to €35,888
Equity and liabilities
- Other debts +€152,001
up €152,001 (+42.7%), from €355,684 to €507,685
- Debts after one year -€28,283
down €28,283 (-8.3%), from €341,534 to €313,251
Income statement
- Gross operating margin +€36,641
up €36,641 (+11.3%), from €323,215 to €359,856
- Taxes +€9,146
up €9,146 (+15.5%), from €59,047 to €68,193
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
€192,491
Gross operating margin
+€36,641
Staff costs
+€2,319
Depreciation
+€1,047
Other operating charges
+€417
Financial income
+€791
Financial charges
+€610
Taxes
-€9,146
Result 2025
€225,172
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
+€388,428
Investment
-€14,859
Financing
-€253,715
Cash 2024
€278,454
From operations (derived)
+€388,428
Net result for the year
+€225,172
Depreciation
+€42,871
Receivables within one year
-€2,220
Deferred charges and accrued income
-€25,963
Trade debts
-€879
Tax, wage and social debts
-€2,554
Other debts
+€152,001
Investment (derived)
-€14,859
Investment in fixed assets (net)
-€14,859
Financing
-€253,715
Debts after one year
-€28,283
Current portion of long-term debt
+€514
Short-term financial debts
+€54
Contributions, distributions and other
-€226,000
Cash 2025
€398,308
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,330 | €1,034,354 | +€120,024 | +13.1% |
| Fixed assets | 21/28 | €624,822 | €596,809 | -€28,013 | -4.5% |
| Tangible fixed assets | 22/27 | €624,822 | €596,809 | -€28,013 | -4.5% |
| Land and buildings | 22 | €614,362 | €581,081 | -€33,281 | -5.4% |
| Plant, machinery and equipment | 23 | €3,836 | €11,135 | +€7,298 | +190% |
| Furniture and vehicles | 24 | €6,624 | €4,594 | -€2,030 | -30.6% |
| Current assets | 29/58 | €289,508 | €437,545 | +€148,037 | +51.1% |
| Amounts receivable within one year | 40/41 | €1,129 | €3,349 | +€2,220 | +197% |
| Other amounts receivable | 41 | €1,129 | €3,349 | +€2,220 | +197% |
| Cash at bank and in hand | 54/58 | €278,454 | €398,308 | +€119,854 | +43.0% |
| Deferred charges and accrued income | 490/1 | €9,925 | €35,888 | +€25,963 | +262% |
| Total equity and liabilities | 10/49 | €914,330 | €1,034,354 | +€120,024 | +13.1% |
| Equity | 10/15 | €183,744 | €182,915 | -€828 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €165,144 | €164,315 | -€828 | -0.5% |
| Distributable reserves | 133 | €165,144 | €164,315 | -€828 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €730,586 | €851,439 | +€120,852 | +16.5% |
| Amounts payable after more than one year | 17 | €341,534 | €313,251 | -€28,283 | -8.3% |
| Financial debts | 170/4 | €341,534 | €313,251 | -€28,283 | -8.3% |
| Amounts payable within one year | 42/48 | €389,053 | €538,188 | +€149,135 | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €27,769 | €28,283 | +€514 | +1.9% |
| Financial debts | 43 | - | €54 | +€54 | |
| Credit institutions | 430/8 | - | €54 | +€54 | |
| Trade debts | 44 | €2,496 | €1,617 | -€879 | -35.2% |
| Suppliers | 440/4 | €2,496 | €1,617 | -€879 | -35.2% |
| Taxes, remuneration and social security | 45 | €3,104 | €549 | -€2,554 | -82.3% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €3,104 | €549 | -€2,554 | -82.3% |
| Other amounts payable | 47/48 | €355,684 | €507,685 | +€152,001 | +42.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €15,288 | €12,968 | -€2,319 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,919 | €42,871 | -€1,047 | -2.4% |
| Other operating charges | 640/8 | €5,779 | €5,361 | -€417 | -7.2% |
| Gross operating margin | 9900 | €323,215 | €359,856 | +€36,641 | +11.3% |
| Operating profit (loss) | 9901 | €258,230 | €298,655 | +€40,425 | +15.7% |
| Financial income | 75/76B | €584 | €1,375 | +€791 | +135% |
| Recurring financial income | 75 | €584 | €1,375 | +€791 | +135% |
| Financial charges | 65/66B | €7,276 | €6,666 | -€610 | -8.4% |
| Recurring financial charges | 65 | €7,276 | €6,666 | -€610 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €251,538 | €293,365 | +€41,827 | +16.6% |
| Income taxes | 67/77 | €59,047 | €68,193 | +€9,146 | +15.5% |
| Profit (loss) for the period | 9904 | €192,491 | €225,172 | +€32,681 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €192,491 | €225,172 | +€32,681 | +17.0% |
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.