Dr. Steven Vandewaeter: what changed
What changed
Dr. Steven Vandewaeter
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€428,537
2024 · €383,407+€45,130
Equity
€216,751
2024 · €88,214+€128,537
Cash
€320,211
2024 · €296,451+€23,761
Balance sheet total
€417,446
2024 · €448,544-€31,099
Largest movements
Assets
- Intangible fixed assets -€30,000
down €30,000 (-31.6%), from €95,000 to €65,000
- Cash +€23,761
up €23,761 (+8.0%), from €296,451 to €320,211
mainly Net result for the year (+€428,537) and Depreciation (+€31,441)
- Deferred charges and accrued income -€22,257
no longer reported in 2025 (was €22,257)
Equity and liabilities
- Reserves +€126,300
up €126,300 (+194%), from €65,010 to €191,310
of which Tax-exempt reserves: +€126,300
- Other debts -€124,016
down €124,016 (-38.8%), from €320,000 to €195,984
- Tax, wage and social debts -€36,437
down €36,437 (-93.0%), from €39,163 to €2,725
of which Taxes: -€36,437
Income statement
- Gross operating margin +€48,177
up €48,177 (+8.6%), from €560,362 to €608,539
- Taxes +€9,600
up €9,600 (+7.4%), from €130,553 to €140,153
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
€383,407
Gross operating margin
+€48,177
Staff costs
-€2,908
Depreciation
+€1,951
Other operating charges
+€2,541
Financial income
+€40
Financial charges
+€4,929
Taxes
-€9,600
Result 2025
€428,537
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
+€323,761
Investment
€0
Financing
-€300,000
Cash 2024
€296,451
From operations (derived)
+€323,761
Net result for the year
+€428,537
Depreciation
+€31,441
Receivables within one year
+€1,162
Deferred charges and accrued income
+€22,257
Trade debts
+€818
Tax, wage and social debts
-€36,437
Other debts
-€124,016
Financing
-€300,000
Contributions, distributions and other
-€300,000
Cash 2025
€320,211
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €448,544 | €417,446 | -€31,099 | -6.9% |
| Fixed assets | 21/28 | €103,997 | €72,556 | -€31,441 | -30.2% |
| Intangible fixed assets | 21 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Tangible fixed assets | 22/27 | €8,997 | €7,556 | -€1,441 | -16.0% |
| Furniture and vehicles | 24 | €8,997 | €7,556 | -€1,441 | -16.0% |
| Current assets | 29/58 | €344,547 | €344,890 | +€342 | +0.1% |
| Amounts receivable within one year | 40/41 | €25,840 | €24,678 | -€1,162 | -4.5% |
| Other amounts receivable | 41 | €25,840 | €24,678 | -€1,162 | -4.5% |
| Cash at bank and in hand | 54/58 | €296,451 | €320,211 | +€23,761 | +8.0% |
| Deferred charges and accrued income | 490/1 | €22,257 | - | -€22,257 | |
| Total equity and liabilities | 10/49 | €448,544 | €417,446 | -€31,099 | -6.9% |
| Equity | 10/15 | €88,214 | €216,751 | +€128,537 | +146% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,010 | €191,310 | +€126,300 | +194% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €63,150 | €189,450 | +€126,300 | +200% |
| Profit (loss) carried forward | 14 | €4,604 | €6,841 | +€2,237 | +48.6% |
| Amounts payable | 17/49 | €360,330 | €200,695 | -€159,635 | -44.3% |
| Amounts payable within one year | 42/48 | €360,330 | €200,695 | -€159,635 | -44.3% |
| Trade debts | 44 | €1,167 | €1,985 | +€818 | +70.1% |
| Suppliers | 440/4 | €1,167 | €1,985 | +€818 | +70.1% |
| Taxes, remuneration and social security | 45 | €39,163 | €2,725 | -€36,437 | -93.0% |
| Taxes | 450/3 | €36,437 | - | -€36,437 | |
| Remuneration and social security | 454/9 | €2,725 | €2,725 | = | 0.0% |
| Other amounts payable | 47/48 | €320,000 | €195,984 | -€124,016 | -38.8% |
| Remuneration, social security and pensions | 62 | €431 | €3,340 | +€2,908 | +674% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,392 | €31,441 | -€1,951 | -5.8% |
| Other operating charges | 640/8 | €2,733 | €192 | -€2,541 | -93.0% |
| Gross operating margin | 9900 | €560,362 | €608,539 | +€48,177 | +8.6% |
| Operating profit (loss) | 9901 | €523,806 | €573,567 | +€49,761 | +9.5% |
| Financial income | 75/76B | €0 | €40 | +€40 | +399,000% |
| Recurring financial income | 75 | €0 | €40 | +€40 | +399,000% |
| Non-recurring financial income | 76B | - | €40 | +€40 | |
| Financial charges | 65/66B | €9,845 | €4,917 | -€4,929 | -50.1% |
| Recurring financial charges | 65 | €9,845 | €4,917 | -€4,929 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €513,960 | €568,690 | +€54,730 | +10.6% |
| Income taxes | 67/77 | €130,553 | €140,153 | +€9,600 | +7.4% |
| Profit (loss) for the period | 9904 | €383,407 | €428,537 | +€45,130 | +11.8% |
| Transfer to tax-exempt reserves | 689 | €63,150 | €126,300 | +€63,150 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €320,257 | €302,237 | -€18,020 | -5.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.