Health Square: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Health Square
Largest movements
- Tangible fixed assets -€106,503
down €106,503 (-16.9%), from €631,601 to €525,098
of which Land and buildings: -€66,997
- Deferred charges and accrued income -€87,257
down €87,257 (-60.6%), from €144,033 to €56,776
- Cash +€83,584
up €83,584 (+103%), from €81,144 to €164,727
mainly Depreciation (+€118,382) and Deferred charges and accrued income (+€87,257)
- Receivables within one year +€24,630
up €24,630, from €0 to €24,630
of which Trade receivables: +€16,678
- Debts after one year -€68,424
down €68,424 (-12.4%), from €551,988 to €483,564
- Profit (loss) carried forward -€64,000
down €64,000 (-65.4%), from €97,808 to €33,808
- Other debts +€42,810
up €42,810 (+432%), from €9,902 to €52,712
- Current portion of long-term debt -€26,321
down €26,321 (-26.7%), from €98,734 to €72,413
- Reserves +€16,843
up €16,843 (+23.7%), from €71,129 to €87,973
- Gross operating margin -€19,712
down €19,712 (-10.3%), from €192,018 to €172,306
- Depreciation +€8,717
up €8,717 (+7.9%), from €109,665 to €118,382
- Financial charges +€8,716
up €8,716 (+79.5%), from €10,969 to €19,685
- Taxes -€7,985
down €7,985 (-39.9%), from €20,033 to €12,048
- Other operating charges -€4,687
down €4,687 (-44.6%), from €10,518 to €5,831
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €856,806 | €771,260 | -€85,546 | -10.0% |
| Fixed assets | 21/28 | €631,629 | €525,126 | -€106,503 | -16.9% |
| Tangible fixed assets | 22/27 | €631,601 | €525,098 | -€106,503 | -16.9% |
| Land and buildings | 22 | €481,519 | €414,522 | -€66,997 | -13.9% |
| Plant, machinery and equipment | 23 | €16,850 | €10,384 | -€6,466 | -38.4% |
| Furniture and vehicles | 24 | €133,232 | €100,192 | -€33,040 | -24.8% |
| Financial fixed assets | 28 | €28 | €28 | = | 0.0% |
| Current assets | 29/58 | €225,177 | €246,134 | +€20,957 | +9.3% |
| Amounts receivable within one year | 40/41 | €0 | €24,630 | +€24,630 | |
| Trade receivables | 40 | - | €16,678 | +€16,678 | |
| Other amounts receivable | 41 | €0 | €7,952 | +€7,952 | |
| Cash at bank and in hand | 54/58 | €81,144 | €164,727 | +€83,584 | +103% |
| Deferred charges and accrued income | 490/1 | €144,033 | €56,776 | -€87,257 | -60.6% |
| Total equity and liabilities | 10/49 | €856,806 | €771,260 | -€85,546 | -10.0% |
| Equity | 10/15 | €183,198 | €136,041 | -€47,157 | -25.7% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €71,129 | €87,973 | +€16,843 | +23.7% |
| Distributable reserves | 133 | €71,129 | €87,973 | +€16,843 | +23.7% |
| Profit (loss) carried forward | 14 | €97,808 | €33,808 | -€64,000 | -65.4% |
| Amounts payable | 17/49 | €673,608 | €635,219 | -€38,390 | -5.7% |
| Amounts payable after more than one year | 17 | €551,988 | €483,564 | -€68,424 | -12.4% |
| Financial debts | 170/4 | €551,988 | €483,564 | -€68,424 | -12.4% |
| Amounts payable within one year | 42/48 | €121,620 | €151,571 | +€29,951 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €98,734 | €72,413 | -€26,321 | -26.7% |
| Financial debts | 43 | €3,552 | €3,872 | +€319 | +9.0% |
| Credit institutions | 430/8 | €3,552 | €3,872 | +€319 | +9.0% |
| Trade debts | 44 | €5,899 | €22,363 | +€16,464 | +279% |
| Suppliers | 440/4 | €5,899 | €22,363 | +€16,464 | +279% |
| Taxes, remuneration and social security | 45 | €3,533 | €211 | -€3,322 | -94.0% |
| Taxes | 450/3 | €33 | €211 | +€179 | +548% |
| Remuneration and social security | 454/9 | €3,500 | €0 | -€3,500 | -100% |
| Other amounts payable | 47/48 | €9,902 | €52,712 | +€42,810 | +432% |
| Accrued charges and deferred income | 492/3 | €0 | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,665 | €118,382 | +€8,717 | +7.9% |
| Other operating charges | 640/8 | €10,518 | €5,831 | -€4,687 | -44.6% |
| Non-recurring operating charges | 66A | €1,503 | €0 | -€1,503 | -100% |
| Gross operating margin | 9900 | €192,018 | €172,306 | -€19,712 | -10.3% |
| Operating profit (loss) | 9901 | €70,332 | €48,094 | -€22,239 | -31.6% |
| Financial income | 75/76B | €41 | €482 | +€441 | +1,074% |
| Recurring financial income | 75 | €41 | €482 | +€441 | +1,074% |
| Financial charges | 65/66B | €10,969 | €19,685 | +€8,716 | +79.5% |
| Recurring financial charges | 65 | €10,969 | €19,685 | +€8,716 | +79.5% |
| Profit (loss) for the period before taxes | 9903 | €59,405 | €28,891 | -€30,513 | -51.4% |
| Income taxes | 67/77 | €20,033 | €12,048 | -€7,985 | -39.9% |
| Profit (loss) for the period | 9904 | €39,372 | €16,843 | -€22,529 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,372 | €16,843 | -€22,529 | -57.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.