DR. VINCENT RENARD: what changed
What changed
DR. VINCENT RENARD
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€278,437
2024 · €175,298+€103,138
Equity
€861,682
2024 · €715,964+€145,719
Cash
€555,627
2024 · €447,763+€107,864
Balance sheet total
€903,172
2024 · €768,528+€134,644
Largest movements
Assets
- Cash +€107,864
up €107,864 (+24.1%), from €447,763 to €555,627
mainly Net result for the year (+€278,437) and Depreciation (+€46,918)
- Deferred charges and accrued income +€47,431
up €47,431 (+99.7%), from €47,576 to €95,008
- Intangible fixed assets -€18,649
down €18,649 (-31.8%), from €58,628 to €39,979
Equity and liabilities
- Reserves +€145,719
up €145,719 (+20.4%), from €715,964 to €861,682
- Trade debts -€10,006
down €10,006 (-96.5%), from €10,368 to €362
Income statement
- Gross operating margin +€146,078
up €146,078 (+49.7%), from €293,661 to €439,738
- Taxes +€46,743
up €46,743 (+61.6%), from €75,860 to €122,603
- Financial income +€6,257
up €6,257 (+156%), from €4,018 to €10,275
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
€175,298
Gross operating margin
+€146,078
Depreciation
-€4,134
Other operating charges
-€85
Financial income
+€6,257
Financial charges
+€1,765
Taxes
-€46,743
Result 2025
€278,437
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
+€267,797
Investment
-€27,433
Financing
-€132,500
Cash 2024
€447,763
From operations (derived)
+€267,797
Net result for the year
+€278,437
Depreciation
+€46,918
Receivables within one year
+€1,165
Deferred charges and accrued income
-€47,431
Trade debts
-€10,006
Tax, wage and social debts
-€2,065
Other debts
+€779
Investment (derived)
-€27,433
Investment in fixed assets (net)
-€23,102
Current investments
-€4,331
Financing
-€132,500
Short-term financial debts
+€218
Contributions, distributions and other
-€132,718
Cash 2025
€555,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,528 | €903,172 | +€134,644 | +17.5% |
| Fixed assets | 21/28 | €143,581 | €119,765 | -€23,816 | -16.6% |
| Intangible fixed assets | 21 | €58,628 | €39,979 | -€18,649 | -31.8% |
| Tangible fixed assets | 22/27 | €84,953 | €79,786 | -€5,167 | -6.1% |
| Plant, machinery and equipment | 23 | €64,439 | €45,193 | -€19,247 | -29.9% |
| Furniture and vehicles | 24 | €1,478 | €985 | -€493 | -33.4% |
| Other tangible fixed assets | 26 | €19,035 | €33,608 | +€14,573 | +76.6% |
| Current assets | 29/58 | €624,947 | €783,408 | +€158,461 | +25.4% |
| Amounts receivable within one year | 40/41 | €1,324 | €159 | -€1,165 | -88.0% |
| Trade receivables | 40 | €1,324 | €159 | -€1,165 | -88.0% |
| Current investments | 50/53 | €128,283 | €132,614 | +€4,331 | +3.4% |
| Cash at bank and in hand | 54/58 | €447,763 | €555,627 | +€107,864 | +24.1% |
| Deferred charges and accrued income | 490/1 | €47,576 | €95,008 | +€47,431 | +99.7% |
| Total equity and liabilities | 10/49 | €768,528 | €903,172 | +€134,644 | +17.5% |
| Equity | 10/15 | €715,964 | €861,682 | +€145,719 | +20.4% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €715,964 | €861,682 | +€145,719 | +20.4% |
| Distributable reserves | 133 | €715,964 | €861,682 | +€145,719 | +20.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,564 | €41,490 | -€11,074 | -21.1% |
| Amounts payable within one year | 42/48 | €52,564 | €41,490 | -€11,074 | -21.1% |
| Financial debts | 43 | €171 | €389 | +€218 | +127% |
| Credit institutions | 430/8 | €171 | €389 | +€218 | +127% |
| Trade debts | 44 | €10,368 | €362 | -€10,006 | -96.5% |
| Suppliers | 440/4 | €10,368 | €362 | -€10,006 | -96.5% |
| Taxes, remuneration and social security | 45 | €37,042 | €34,977 | -€2,065 | -5.6% |
| Taxes | 450/3 | €37,042 | €34,977 | -€2,065 | -5.6% |
| Other amounts payable | 47/48 | €4,984 | €5,763 | +€779 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,784 | €46,918 | +€4,134 | +9.7% |
| Other operating charges | 640/8 | €912 | €997 | +€85 | +9.3% |
| Gross operating margin | 9900 | €293,661 | €439,738 | +€146,078 | +49.7% |
| Operating profit (loss) | 9901 | €249,964 | €391,823 | +€141,859 | +56.8% |
| Financial income | 75/76B | €4,018 | €10,275 | +€6,257 | +156% |
| Recurring financial income | 75 | €4,018 | €10,275 | +€6,257 | +156% |
| Financial charges | 65/66B | €2,824 | €1,059 | -€1,765 | -62.5% |
| Recurring financial charges | 65 | €2,824 | €1,059 | -€1,765 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €251,158 | €401,039 | +€149,881 | +59.7% |
| Income taxes | 67/77 | €75,860 | €122,603 | +€46,743 | +61.6% |
| Profit (loss) for the period | 9904 | €175,298 | €278,437 | +€103,138 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €175,298 | €278,437 | +€103,138 | +58.8% |
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 4 November 2026 via checked.be.