HUISARTS STEFAN DEVOS: 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.
HUISARTS STEFAN DEVOS
Largest movements
- Cash -€195,742
down €195,742 (-37.5%), from €522,378 to €326,636
mainly Contributions, distributions and other (-€570,000) and Investment in fixed assets (net) (-€11,896)
- Tangible fixed assets -€24,685
down €24,685 (-3.1%), from €807,628 to €782,943
of which Furniture and vehicles: -€13,251
- Reserves -€302,214
down €302,214 (-21.0%), from €1.4m to €1.1m
- Other debts +€68,250
up €68,250 (+57.5%), from €118,750 to €187,000
- Gross operating margin +€29,420
up €29,420 (+7.4%), from €398,160 to €427,580
- Financial income -€7,641
down €7,641 (-55.1%), from €13,879 to €6,238
- Depreciation +€6,392
up €6,392 (+21.2%), from €30,188 to €36,580
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 | €1,641,450 | €1,405,418 | -€236,032 | -14.4% |
| Fixed assets | 21/28 | €807,628 | €782,943 | -€24,685 | -3.1% |
| Tangible fixed assets | 22/27 | €807,628 | €782,943 | -€24,685 | -3.1% |
| Land and buildings | 22 | €722,435 | €712,354 | -€10,080 | -1.4% |
| Plant, machinery and equipment | 23 | €3,762 | €2,408 | -€1,354 | -36.0% |
| Furniture and vehicles | 24 | €77,832 | €64,581 | -€13,251 | -17.0% |
| Other tangible fixed assets | 26 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €833,822 | €622,475 | -€211,347 | -25.3% |
| Amounts receivable within one year | 40/41 | €12,321 | €10,751 | -€1,570 | -12.7% |
| Trade receivables | 40 | €6,260 | €4,306 | -€1,954 | -31.2% |
| Other amounts receivable | 41 | €6,061 | €6,446 | +€385 | +6.3% |
| Current investments | 50/53 | €284,266 | €280,784 | -€3,482 | -1.2% |
| Cash at bank and in hand | 54/58 | €522,378 | €326,636 | -€195,742 | -37.5% |
| Deferred charges and accrued income | 490/1 | €14,857 | €4,304 | -€10,553 | -71.0% |
| Total equity and liabilities | 10/49 | €1,641,450 | €1,405,418 | -€236,032 | -14.4% |
| Equity | 10/15 | €1,457,407 | €1,155,193 | -€302,214 | -20.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,437,407 | €1,135,193 | -€302,214 | -21.0% |
| Distributable reserves | 133 | €1,437,407 | €1,135,193 | -€302,214 | -21.0% |
| Amounts payable | 17/49 | €184,044 | €250,225 | +€66,182 | +36.0% |
| Amounts payable within one year | 42/48 | €184,044 | €250,225 | +€66,182 | +36.0% |
| Current portion of amounts payable after more than one year | 42 | €7,500 | - | -€7,500 | |
| Trade debts | 44 | €5,831 | €3,544 | -€2,287 | -39.2% |
| Suppliers | 440/4 | €5,831 | €3,544 | -€2,287 | -39.2% |
| Taxes, remuneration and social security | 45 | €51,962 | €59,681 | +€7,719 | +14.9% |
| Taxes | 450/3 | €51,962 | €59,681 | +€7,719 | +14.9% |
| Other amounts payable | 47/48 | €118,750 | €187,000 | +€68,250 | +57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,188 | €36,580 | +€6,392 | +21.2% |
| Other operating charges | 640/8 | €2,659 | €2,712 | +€53 | +2.0% |
| Gross operating margin | 9900 | €398,160 | €427,580 | +€29,420 | +7.4% |
| Operating profit (loss) | 9901 | €365,313 | €388,288 | +€22,975 | +6.3% |
| Financial income | 75/76B | €13,879 | €6,238 | -€7,641 | -55.1% |
| Recurring financial income | 75 | €13,879 | €6,238 | -€7,641 | -55.1% |
| Financial charges | 65/66B | €1,818 | €5,019 | +€3,201 | +176% |
| Recurring financial charges | 65 | €1,818 | €5,019 | +€3,201 | +176% |
| Profit (loss) for the period before taxes | 9903 | €377,375 | €389,507 | +€12,132 | +3.2% |
| Income taxes | 67/77 | €117,851 | €121,720 | +€3,870 | +3.3% |
| Profit (loss) for the period | 9904 | €259,524 | €267,786 | +€8,262 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €259,524 | €267,786 | +€8,262 | +3.2% |
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 26 October 2026 via checked.be.