Heidi Devos, kinderarts: what changed
Two fiscal 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.
What changed
Heidi Devos, kinderarts
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€166,371
2024 · €171,919-€5,549
Equity
€796,276
2024 · €713,143+€83,133
Cash
€214,884
2024 · €222,318-€7,433
Balance sheet total
€931,757
2024 · €887,670+€44,087
Largest movements
Assets
- Current investments +€90,000
new in 2025: €90,000
- Tangible fixed assets -€46,050
down €46,050 (-9.6%), from €479,477 to €433,427
of which Land and buildings: -€28,932
- Receivables within one year +€12,152
up €12,152 (+13.5%), from €89,857 to €102,009
of which Trade receivables: +€15,624
Equity and liabilities
- Reserves +€128,133
up €128,133 (+21.4%), from €599,939 to €728,072
- Profit (loss) carried forward -€45,000
down €45,000 (-44.6%), from €100,804 to €55,804
- Debts after one year -€21,188
down €21,188 (-26.8%), from €79,136 to €57,949
- Tax, wage and social debts -€12,164
down €12,164 (-57.1%), from €21,291 to €9,127
Income statement
- Gross operating margin -€11,220
down €11,220 (-3.8%), from €291,609 to €280,389
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.
Result 2024
€171,919
Gross operating margin
-€11,220
Depreciation
+€412
Other operating charges
+€703
Other operating items
+€1,075
Financial income
-€41
Financial charges
+€768
Taxes
+€2,755
Result 2025
€166,371
Cash bridge derived
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.
From operations
+€197,650
Investment
-€93,937
Financing
-€111,147
Cash 2024
€222,318
From operations (derived)
+€197,650
Net result for the year
+€166,371
Depreciation
+€49,987
Receivables after one year
+€5,421
Receivables within one year
-€12,152
Deferred charges and accrued income
-€840
Smaller working-capital items
+€26
Tax, wage and social debts
-€12,164
Accrued charges and deferred income
+€1,001
Investment (derived)
-€93,937
Investment in fixed assets (net)
-€3,937
Current investments
-€90,000
Financing
-€111,147
Debts after one year
-€21,188
Current portion of long-term debt
-€6,722
Contributions, distributions and other
-€83,237
Cash 2025
€214,884
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €887,670 | €931,757 | +€44,087 | +5.0% |
| Fixed assets | 21/28 | €479,477 | €433,427 | -€46,050 | -9.6% |
| Tangible fixed assets | 22/27 | €479,477 | €433,427 | -€46,050 | -9.6% |
| Land and buildings | 22 | €428,838 | €399,905 | -€28,932 | -6.7% |
| Plant, machinery and equipment | 23 | €16,579 | €14,315 | -€2,264 | -13.7% |
| Furniture and vehicles | 24 | €34,061 | €19,207 | -€14,854 | -43.6% |
| Current assets | 29/58 | €408,193 | €498,330 | +€90,137 | +22.1% |
| Amounts receivable after more than one year | 29 | €92,637 | €87,216 | -€5,421 | -5.9% |
| Other amounts receivable | 291 | €92,637 | €87,216 | -€5,421 | -5.9% |
| Amounts receivable within one year | 40/41 | €89,857 | €102,009 | +€12,152 | +13.5% |
| Trade receivables | 40 | €64,775 | €80,398 | +€15,624 | +24.1% |
| Other amounts receivable | 41 | €25,083 | €21,611 | -€3,472 | -13.8% |
| Current investments | 50/53 | - | €90,000 | +€90,000 | |
| Cash at bank and in hand | 54/58 | €222,318 | €214,884 | -€7,433 | -3.3% |
| Deferred charges and accrued income | 490/1 | €3,380 | €4,221 | +€840 | +24.9% |
| Total equity and liabilities | 10/49 | €887,670 | €931,757 | +€44,087 | +5.0% |
| Equity | 10/15 | €713,143 | €796,276 | +€83,133 | +11.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €599,939 | €728,072 | +€128,133 | +21.4% |
| Distributable reserves | 133 | €599,939 | €728,072 | +€128,133 | +21.4% |
| Profit (loss) carried forward | 14 | €100,804 | €55,804 | -€45,000 | -44.6% |
| Amounts payable | 17/49 | €174,527 | €135,481 | -€39,046 | -22.4% |
| Amounts payable after more than one year | 17 | €79,136 | €57,949 | -€21,188 | -26.8% |
| Financial debts | 170/4 | €79,136 | €57,949 | -€21,188 | -26.8% |
| Amounts payable within one year | 42/48 | €95,325 | €76,465 | -€18,860 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €27,910 | €21,188 | -€6,722 | -24.1% |
| Trade debts | 44 | €112 | €119 | +€7 | +6.5% |
| Suppliers | 440/4 | €112 | €119 | +€7 | +6.5% |
| Taxes, remuneration and social security | 45 | €21,291 | €9,127 | -€12,164 | -57.1% |
| Taxes | 450/3 | €21,291 | €9,127 | -€12,164 | -57.1% |
| Other amounts payable | 47/48 | €46,013 | €46,032 | +€19 | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €1,067 | +€1,001 | +1524.0% |
| Non-recurring operating income | 76A | €3,057 | €141 | -€2,916 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,399 | €49,987 | -€412 | -0.8% |
| Other operating charges | 640/8 | €6,176 | €5,474 | -€703 | -11.4% |
| Non-recurring operating charges | 66A | €1,075 | - | -€1,075 | |
| Gross operating margin | 9900 | €291,609 | €280,389 | -€11,220 | -3.8% |
| Operating profit (loss) | 9901 | €233,958 | €224,928 | -€9,030 | -3.9% |
| Financial income | 75/76B | €3,422 | €3,381 | -€41 | -1.2% |
| Recurring financial income | 75 | €3,422 | €3,381 | -€41 | -1.2% |
| Financial charges | 65/66B | €3,579 | €2,811 | -€768 | -21.4% |
| Recurring financial charges | 65 | €3,579 | €2,811 | -€768 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €233,801 | €225,498 | -€8,304 | -3.6% |
| Income taxes | 67/77 | €61,882 | €59,127 | -€2,755 | -4.5% |
| Profit (loss) for the period | 9904 | €171,919 | €166,371 | -€5,549 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €171,919 | €166,371 | -€5,549 | -3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.