Dr. Steven Vercammen: what changed
What changed
Dr. Steven Vercammen
NACE 86.210, General medical practice
filed annual accounts (NBB)
Net result for the year
€95,134
2024 · €132,442-€37,308
Equity
€609,602
2024 · €526,818+€82,784
Cash
€57,091
2024 · €20,330+€36,761
Balance sheet total
€1.4m
2024 · €1.1m+€290,772
Largest movements
Assets
- Tangible fixed assets +€267,997
up €267,997 (+33.2%), from €808,332 to €1.1m
of which Land and buildings: +€271,671
- Cash +€36,761
up €36,761 (+181%), from €20,330 to €57,091
mainly Debts after one year (+€225,976) and Net result for the year (+€95,134)
Equity and liabilities
- Debts after one year +€225,976
up €225,976 (+42.8%), from €527,433 to €753,410
- Profit (loss) carried forward +€82,784
up €82,784 (+16.3%), from €506,358 to €589,142
- Other debts -€19,440
down €19,440 (-76.5%), from €25,404 to €5,963
Income statement
- Taxes +€22,205
up €22,205 (+97.3%), from €22,823 to €45,028
- Financial charges +€15,317
up €15,317 (+234%), from €6,543 to €21,860
- Gross operating margin +€13,035
up €13,035 (+7.4%), from €175,789 to €188,824
- Depreciation +€10,842
up €10,842 (+62.9%), from €17,224 to €28,067
- Other operating charges +€1,934
up €1,934 (+172%), from €1,123 to €3,057
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
€132,442
Gross operating margin
+€13,035
Depreciation
-€10,842
Other operating charges
-€1,934
Financial income
-€46
Financial charges
-€15,317
Taxes
-€22,205
Result 2025
€95,134
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
+€118,915
Investment
-€296,063
Financing
+€213,910
Cash 2024
€20,330
From operations (derived)
+€118,915
Net result for the year
+€95,134
Depreciation
+€28,067
Receivables after one year
+€12,446
Receivables within one year
+€3,599
Deferred charges and accrued income
-€2,058
Trade debts
-€478
Other debts
-€19,440
Accrued charges and deferred income
+€1,646
Investment (derived)
-€296,063
Investment in fixed assets (net)
-€296,063
Financing
+€213,910
Debts after one year
+€225,976
Current portion of long-term debt
+€284
Contributions, distributions and other
-€12,350
Cash 2025
€57,091
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,105,168 | €1,395,940 | +€290,772 | +26.3% |
| Fixed assets | 21/28 | €808,631 | €1,076,628 | +€267,997 | +33.1% |
| Tangible fixed assets | 22/27 | €808,332 | €1,076,329 | +€267,997 | +33.2% |
| Land and buildings | 22 | €775,906 | €1,047,577 | +€271,671 | +35.0% |
| Plant, machinery and equipment | 23 | €483 | €1,461 | +€978 | +203% |
| Furniture and vehicles | 24 | €18,527 | €13,337 | -€5,190 | -28.0% |
| Other tangible fixed assets | 26 | €13,416 | €13,954 | +€538 | +4.0% |
| Financial fixed assets | 28 | €299 | €299 | = | 0.0% |
| Current assets | 29/58 | €296,537 | €319,312 | +€22,775 | +7.7% |
| Amounts receivable after more than one year | 29 | €92,446 | €80,000 | -€12,446 | -13.5% |
| Other amounts receivable | 291 | €92,446 | €80,000 | -€12,446 | -13.5% |
| Amounts receivable within one year | 40/41 | €29,350 | €25,751 | -€3,599 | -12.3% |
| Trade receivables | 40 | €22,735 | €25,751 | +€3,016 | +13.3% |
| Other amounts receivable | 41 | €6,616 | - | -€6,616 | |
| Current investments | 50/53 | €154,411 | €154,411 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,330 | €57,091 | +€36,761 | +181% |
| Deferred charges and accrued income | 490/1 | - | €2,058 | +€2,058 | |
| Total equity and liabilities | 10/49 | €1,105,168 | €1,395,940 | +€290,772 | +26.3% |
| Equity | 10/15 | €526,818 | €609,602 | +€82,784 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €506,358 | €589,142 | +€82,784 | +16.3% |
| Amounts payable | 17/49 | €578,350 | €786,337 | +€207,988 | +36.0% |
| Amounts payable after more than one year | 17 | €527,433 | €753,410 | +€225,976 | +42.8% |
| Financial debts | 170/4 | €527,433 | €753,410 | +€225,976 | +42.8% |
| Amounts payable within one year | 42/48 | €50,487 | €30,853 | -€19,634 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €21,562 | €21,846 | +€284 | +1.3% |
| Trade debts | 44 | €971 | €493 | -€478 | -49.2% |
| Suppliers | 440/4 | €971 | €493 | -€478 | -49.2% |
| Taxes, remuneration and social security | 45 | €2,550 | €2,550 | = | 0.0% |
| Taxes | 450/3 | €2,550 | €2,550 | = | 0.0% |
| Other amounts payable | 47/48 | €25,404 | €5,963 | -€19,440 | -76.5% |
| Accrued charges and deferred income | 492/3 | €429 | €2,075 | +€1,646 | +383% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,224 | €28,067 | +€10,842 | +62.9% |
| Other operating charges | 640/8 | €1,123 | €3,057 | +€1,934 | +172% |
| Gross operating margin | 9900 | €175,789 | €188,824 | +€13,035 | +7.4% |
| Operating profit (loss) | 9901 | €157,442 | €157,700 | +€259 | +0.2% |
| Financial income | 75/76B | €4,367 | €4,321 | -€46 | -1.0% |
| Recurring financial income | 75 | €4,367 | €4,321 | -€46 | -1.0% |
| Financial charges | 65/66B | €6,543 | €21,860 | +€15,317 | +234% |
| Recurring financial charges | 65 | €6,543 | €21,860 | +€15,317 | +234% |
| Profit (loss) for the period before taxes | 9903 | €155,266 | €140,162 | -€15,104 | -9.7% |
| Income taxes | 67/77 | €22,823 | €45,028 | +€22,205 | +97.3% |
| Profit (loss) for the period | 9904 | €132,442 | €95,134 | -€37,308 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €132,442 | €95,134 | -€37,308 | -28.2% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 5 November 2026 via checked.be.