DR. STEVEN CNUDDE: what changed
What changed
DR. STEVEN CNUDDE
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€287,588
2024 · €243,843+€43,745
Equity
€1.4m
2024 · €1.9m-€452,690
Cash
€127,725
2024 · €136,403-€8,678
Balance sheet total
€1.5m
2024 · €1.9m-€446,300
Largest movements
Assets
- Receivables within one year -€345,129
down €345,129 (-81.7%), from €422,611 to €77,482
of which Other amounts receivable: -€416,119
- Current investments -€71,191
down €71,191 (-5.8%), from €1.2m to €1.1m
Equity and liabilities
- Reserves -€452,690
down €452,690 (-24.1%), from €1.9m to €1.4m
of which Distributable reserves: -€429,045
Income statement
- Gross operating margin +€37,652
up €37,652 (+11.0%), from €340,940 to €378,591
- Financial income +€18,653
up €18,653 (+60.3%), from €30,947 to €49,600
- Taxes +€7,378
up €7,378 (+6.4%), from €115,033 to €122,411
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
€243,843
Gross operating margin
+€37,652
Depreciation
-€1,734
Other operating charges
-€7
Financial income
+€18,653
Financial charges
-€3,441
Taxes
-€7,378
Result 2025
€287,588
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
+€662,526
Investment
+€69,073
Financing
-€740,277
Cash 2024
€136,403
From operations (derived)
+€662,526
Net result for the year
+€287,588
Depreciation
+€10,238
Receivables within one year
+€345,129
Deferred charges and accrued income
+€13,182
Smaller working-capital items
-€1,794
Tax, wage and social debts
+€8,184
Investment (derived)
+€69,073
Investment in fixed assets (net)
-€2,118
Current investments
+€71,191
Financing
-€740,277
Contributions, distributions and other
-€740,277
Cash 2025
€127,725
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,905,284 | €1,458,984 | -€446,300 | -23.4% |
| Fixed assets | 21/28 | €86,788 | €78,668 | -€8,120 | -9.4% |
| Tangible fixed assets | 22/27 | €86,788 | €78,668 | -€8,120 | -9.4% |
| Land and buildings | 22 | €64,959 | €63,559 | -€1,400 | -2.2% |
| Plant, machinery and equipment | 23 | €610 | €2,064 | +€1,454 | +238% |
| Furniture and vehicles | 24 | €20,008 | €12,238 | -€7,770 | -38.8% |
| Other tangible fixed assets | 26 | €1,211 | €807 | -€404 | -33.3% |
| Current assets | 29/58 | €1,818,496 | €1,380,316 | -€438,180 | -24.1% |
| Amounts receivable within one year | 40/41 | €422,611 | €77,482 | -€345,129 | -81.7% |
| Trade receivables | 40 | - | €70,990 | +€70,990 | |
| Other amounts receivable | 41 | €422,611 | €6,492 | -€416,119 | -98.5% |
| Current investments | 50/53 | €1,220,604 | €1,149,412 | -€71,191 | -5.8% |
| Cash at bank and in hand | 54/58 | €136,403 | €127,725 | -€8,678 | -6.4% |
| Deferred charges and accrued income | 490/1 | €38,879 | €25,696 | -€13,182 | -33.9% |
| Total equity and liabilities | 10/49 | €1,905,284 | €1,458,984 | -€446,300 | -23.4% |
| Equity | 10/15 | €1,889,012 | €1,436,323 | -€452,690 | -24.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,876,612 | €1,423,923 | -€452,690 | -24.1% |
| Tax-exempt reserves | 132 | €263,862 | €240,218 | -€23,645 | -9.0% |
| Distributable reserves | 133 | €1,612,750 | €1,183,705 | -€429,045 | -26.6% |
| Amounts payable | 17/49 | €16,271 | €22,661 | +€6,390 | +39.3% |
| Amounts payable within one year | 42/48 | €14,467 | €21,197 | +€6,730 | +46.5% |
| Trade debts | 44 | €5,073 | €3,618 | -€1,454 | -28.7% |
| Suppliers | 440/4 | €5,073 | €3,618 | -€1,454 | -28.7% |
| Taxes, remuneration and social security | 45 | €9,394 | €17,578 | +€8,184 | +87.1% |
| Taxes | 450/3 | €9,394 | €17,578 | +€8,184 | +87.1% |
| Accrued charges and deferred income | 492/3 | €1,804 | €1,464 | -€340 | -18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,504 | €10,238 | +€1,734 | +20.4% |
| Other operating charges | 640/8 | €291 | €298 | +€7 | +2.3% |
| Gross operating margin | 9900 | €340,940 | €378,591 | +€37,652 | +11.0% |
| Operating profit (loss) | 9901 | €332,145 | €368,056 | +€35,911 | +10.8% |
| Financial income | 75/76B | €30,947 | €49,600 | +€18,653 | +60.3% |
| Recurring financial income | 75 | €30,947 | €49,600 | +€18,653 | +60.3% |
| Financial charges | 65/66B | €4,215 | €7,657 | +€3,441 | +81.6% |
| Recurring financial charges | 65 | €4,215 | €7,657 | +€3,441 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €358,876 | €409,999 | +€51,123 | +14.2% |
| Income taxes | 67/77 | €115,033 | €122,411 | +€7,378 | +6.4% |
| Profit (loss) for the period | 9904 | €243,843 | €287,588 | +€43,745 | +17.9% |
| Transfer from tax-exempt reserves | 789 | €157,138 | €23,645 | -€133,493 | -85.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €316,781 | €311,232 | -€5,548 | -1.8% |
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 1 November 2026 via checked.be.