HERWIG VOLLON: what changed
What changed
HERWIG VOLLON
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€415,513
2024 · €82,374+€333,139
Equity
€2.2m
2024 · €1.8m+€415,513
Cash
€238,130
2024 · €141,981+€96,149
Balance sheet total
€2.3m
2024 · €1.8m+€496,151
Largest movements
Assets
- Current investments +€242,085
up €242,085 (+52.9%), from €457,905 to €699,989
- Receivables after one year +€200,183
up €200,183 (+20.8%), from €960,745 to €1.2m
- Cash +€96,149
up €96,149 (+67.7%), from €141,981 to €238,130
mainly Net result for the year (+€415,513) and Tax, wage and social debts (+€74,328)
- Tangible fixed assets -€38,423
down €38,423 (-19.7%), from €194,615 to €156,192
of which Land and buildings: -€31,394
Equity and liabilities
- Reserves +€415,000
up €415,000 (+52.4%), from €792,463 to €1.2m
of which Distributable reserves: +€415,000
- Tax, wage and social debts +€74,328
new in 2025: €74,328
- Short-term financial debts +€23,516
new in 2025: €23,516
Income statement
- Gross operating margin +€469,984
up €469,984 (+296%), from €159,033 to €629,017
- Taxes +€154,414
up €154,414 (+370%), from €41,784 to €196,199
- Financial income +€10,883
up €10,883 (+39.0%), from €27,877 to €38,760
- Depreciation -€10,626
down €10,626 (-18.5%), from €57,524 to €46,898
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
€82,374
Gross operating margin
+€469,984
Depreciation
+€10,626
Other operating charges
+€144
Financial income
+€10,883
Financial charges
-€4,084
Taxes
-€154,414
Result 2025
€415,513
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
+€331,084
Investment
-€250,560
Financing
+€15,625
Cash 2024
€141,981
From operations (derived)
+€331,084
Net result for the year
+€415,513
Depreciation
+€46,898
Receivables after one year
-€200,183
Receivables within one year
+€5,400
Deferred charges and accrued income
-€1,558
Trade debts
-€4,913
Tax, wage and social debts
+€74,328
Other debts
-€4,402
Investment (derived)
-€250,560
Investment in fixed assets (net)
-€8,475
Current investments
-€242,085
Financing
+€15,625
Debts after one year
-€7,988
Current portion of long-term debt
+€97
Short-term financial debts
+€23,516
Cash 2025
€238,130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,816,506 | €2,312,657 | +€496,151 | +27.3% |
| Fixed assets | 21/28 | €194,615 | €156,192 | -€38,423 | -19.7% |
| Tangible fixed assets | 22/27 | €194,615 | €156,192 | -€38,423 | -19.7% |
| Land and buildings | 22 | €169,533 | €138,140 | -€31,394 | -18.5% |
| Furniture and vehicles | 24 | €23,981 | €16,952 | -€7,030 | -29.3% |
| Other tangible fixed assets | 26 | €1,100 | €1,100 | = | 0.0% |
| Current assets | 29/58 | €1,621,891 | €2,156,465 | +€534,574 | +33.0% |
| Amounts receivable after more than one year | 29 | €960,745 | €1,160,928 | +€200,183 | +20.8% |
| Other amounts receivable | 291 | €960,745 | €1,160,928 | +€200,183 | +20.8% |
| Amounts receivable within one year | 40/41 | €58,930 | €53,530 | -€5,400 | -9.2% |
| Trade receivables | 40 | - | €53,530 | +€53,530 | |
| Other amounts receivable | 41 | €58,930 | - | -€58,930 | |
| Current investments | 50/53 | €457,905 | €699,989 | +€242,085 | +52.9% |
| Cash at bank and in hand | 54/58 | €141,981 | €238,130 | +€96,149 | +67.7% |
| Deferred charges and accrued income | 490/1 | €2,330 | €3,888 | +€1,558 | +66.8% |
| Total equity and liabilities | 10/49 | €1,816,506 | €2,312,657 | +€496,151 | +27.3% |
| Equity | 10/15 | €1,782,061 | €2,197,573 | +€415,513 | +23.3% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €792,463 | €1,207,463 | +€415,000 | +52.4% |
| Non-distributable reserves | 130/1 | €15,463 | €15,463 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,463 | €15,463 | = | 0.0% |
| Distributable reserves | 133 | €777,000 | €1,192,000 | +€415,000 | +53.4% |
| Profit (loss) carried forward | 14 | €939,997 | €940,510 | +€513 | +0.1% |
| Amounts payable | 17/49 | €34,445 | €115,084 | +€80,638 | +234% |
| Amounts payable after more than one year | 17 | €16,751 | €8,764 | -€7,988 | -47.7% |
| Financial debts | 170/4 | €16,751 | €8,764 | -€7,988 | -47.7% |
| Amounts payable within one year | 42/48 | €17,694 | €106,320 | +€88,626 | +501% |
| Current portion of amounts payable after more than one year | 42 | €7,891 | €7,988 | +€97 | +1.2% |
| Financial debts | 43 | - | €23,516 | +€23,516 | |
| Credit institutions | 430/8 | - | €23,516 | +€23,516 | |
| Trade debts | 44 | €5,401 | €488 | -€4,913 | -91.0% |
| Suppliers | 440/4 | €5,401 | €488 | -€4,913 | -91.0% |
| Taxes, remuneration and social security | 45 | - | €74,328 | +€74,328 | |
| Taxes | 450/3 | - | €74,328 | +€74,328 | |
| Other amounts payable | 47/48 | €4,402 | - | -€4,402 | |
| Non-recurring operating income | 76A | - | €64,849 | +€64,849 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,524 | €46,898 | -€10,626 | -18.5% |
| Other operating charges | 640/8 | €3,892 | €3,747 | -€144 | -3.7% |
| Gross operating margin | 9900 | €159,033 | €629,017 | +€469,984 | +296% |
| Operating profit (loss) | 9901 | €97,618 | €578,372 | +€480,754 | +492% |
| Financial income | 75/76B | €27,877 | €38,760 | +€10,883 | +39.0% |
| Recurring financial income | 75 | €27,877 | €38,760 | +€10,883 | +39.0% |
| Financial charges | 65/66B | €1,337 | €5,421 | +€4,084 | +305% |
| Recurring financial charges | 65 | €1,337 | €5,421 | +€4,084 | +305% |
| Profit (loss) for the period before taxes | 9903 | €124,158 | €611,712 | +€487,554 | +393% |
| Income taxes | 67/77 | €41,784 | €196,199 | +€154,414 | +370% |
| Profit (loss) for the period | 9904 | €82,374 | €415,513 | +€333,139 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €82,374 | €415,513 | +€333,139 | +404% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.