HEALTH & SYSTEMS: 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 & SYSTEMS
Largest movements
- Current investments +€60,013
up €60,013 (+80.0%), from €74,986 to €134,998
- Cash -€57,595
down €57,595 (-66.1%), from €87,075 to €29,480
mainly Contributions, distributions and other (-€88,547) and Current investments (-€60,013)
- Tangible fixed assets -€8,059
down €8,059 (-3.3%), from €244,285 to €236,226
of which Land and buildings: -€6,532
- Profit (loss) carried forward -€28,288
no longer reported in 2025 (was €28,288)
- Reserves +€17,963
up €17,963 (+5.2%), from €346,232 to €364,195
- Taxes +€8,206
up €8,206 (+24.6%), from €33,355 to €41,561
- Gross operating margin +€3,779
up €3,779 (+3.0%), from €124,509 to €128,288
- Depreciation -€2,441
down €2,441 (-23.3%), from €10,500 to €8,059
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 | €433,913 | €425,673 | -€8,240 | -1.9% |
| Fixed assets | 21/28 | €245,310 | €237,251 | -€8,059 | -3.3% |
| Tangible fixed assets | 22/27 | €244,285 | €236,226 | -€8,059 | -3.3% |
| Land and buildings | 22 | €233,316 | €226,784 | -€6,532 | -2.8% |
| Furniture and vehicles | 24 | €357 | €255 | -€102 | -28.5% |
| Other tangible fixed assets | 26 | €10,613 | €9,187 | -€1,425 | -13.4% |
| Financial fixed assets | 28 | €1,025 | €1,025 | = | 0.0% |
| Current assets | 29/58 | €188,603 | €188,422 | -€181 | -0.1% |
| Amounts receivable within one year | 40/41 | €25,567 | €23,822 | -€1,745 | -6.8% |
| Trade receivables | 40 | €25,567 | €23,822 | -€1,745 | -6.8% |
| Current investments | 50/53 | €74,986 | €134,998 | +€60,013 | +80.0% |
| Cash at bank and in hand | 54/58 | €87,075 | €29,480 | -€57,595 | -66.1% |
| Deferred charges and accrued income | 490/1 | €975 | €122 | -€853 | -87.5% |
| Total equity and liabilities | 10/49 | €433,913 | €425,673 | -€8,240 | -1.9% |
| Equity | 10/15 | €405,507 | €395,181 | -€10,326 | -2.5% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €346,232 | €364,195 | +€17,963 | +5.2% |
| Distributable reserves | 133 | €346,232 | €364,195 | +€17,963 | +5.2% |
| Profit (loss) carried forward | 14 | €28,288 | - | -€28,288 | |
| Amounts payable | 17/49 | €28,406 | €30,492 | +€2,086 | +7.3% |
| Amounts payable within one year | 42/48 | €28,406 | €30,492 | +€2,086 | +7.3% |
| Trade debts | 44 | €2,481 | €3,184 | +€703 | +28.4% |
| Suppliers | 440/4 | €2,481 | €3,184 | +€703 | +28.4% |
| Taxes, remuneration and social security | 45 | €25,726 | €27,308 | +€1,582 | +6.1% |
| Taxes | 450/3 | €25,422 | €27,308 | +€1,886 | +7.4% |
| Remuneration and social security | 454/9 | €304 | - | -€304 | |
| Other amounts payable | 47/48 | €199 | - | -€199 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,500 | €8,059 | -€2,441 | -23.3% |
| Other operating charges | 640/8 | €1,565 | €571 | -€994 | -63.5% |
| Gross operating margin | 9900 | €124,509 | €128,288 | +€3,779 | +3.0% |
| Operating profit (loss) | 9901 | €112,443 | €119,657 | +€7,214 | +6.4% |
| Financial income | 75/76B | €685 | €246 | -€439 | -64.1% |
| Recurring financial income | 75 | €685 | €246 | -€439 | -64.1% |
| Financial charges | 65/66B | €266 | €122 | -€144 | -54.2% |
| Recurring financial charges | 65 | €266 | €122 | -€144 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €112,863 | €119,782 | +€6,919 | +6.1% |
| Income taxes | 67/77 | €33,355 | €41,561 | +€8,206 | +24.6% |
| Profit (loss) for the period | 9904 | €79,508 | €78,221 | -€1,287 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,508 | €78,221 | -€1,287 | -1.6% |
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 31 October 2026 via checked.be.