ISABELLE VERHEYEN: what changed
What changed
ISABELLE VERHEYEN
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€240,055
2024 · €182,142+€57,912
Equity
€946,287
2024 · €729,232+€217,055
Cash
€204,581
2024 · €143,325+€61,256
Balance sheet total
€1.5m
2024 · €1.4m+€148,342
Largest movements
Assets
- Current investments +€154,445
up €154,445 (+515%), from €30,000 to €184,445
- Tangible fixed assets -€76,720
down €76,720 (-8.8%), from €871,410 to €794,690
of which Other tangible fixed assets: -€40,549
- Cash +€61,256
up €61,256 (+42.7%), from €143,325 to €204,581
mainly Net result for the year (+€240,055) and Depreciation (+€90,765)
Equity and liabilities
- Reserves +€234,084
up €234,084 (+45.0%), from €519,803 to €753,887
- Debts after one year -€86,906
down €86,906 (-17.6%), from €494,955 to €408,048
- Tax, wage and social debts +€24,367
up €24,367 (+65.4%), from €37,237 to €61,604
of which Taxes: +€19,084
- Profit (loss) carried forward -€17,030
no longer reported in 2025 (was €17,030)
Income statement
- Gross operating margin +€93,804
up €93,804 (+17.5%), from €537,083 to €630,886
- Taxes +€26,703
up €26,703 (+34.3%), from €77,877 to €104,579
- Financial income +€15,113
up €15,113 (+129%), from €11,698 to €26,811
- Depreciation +€11,232
up €11,232 (+14.1%), from €79,532 to €90,765
- Staff costs +€10,480
up €10,480 (+5.4%), from €193,586 to €204,067
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
€182,142
Gross operating margin
+€93,804
Staff costs
-€10,480
Depreciation
-€11,232
Other operating charges
+€285
Other operating items
+€1,367
Financial income
+€15,113
Financial charges
-€4,241
Taxes
-€26,703
Result 2025
€240,055
raises the resultlowers the resultnot broken down further in the accounts
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
+€338,415
Investment
-€168,089
Financing
-€109,070
Cash 2024
€143,325
From operations (derived)
+€338,415
Net result for the year
+€240,055
Depreciation
+€90,765
Receivables after one year
-€15,000
Receivables within one year
+€5,191
Smaller working-capital items
-€428
Trade debts
-€6,534
Tax, wage and social debts
+€24,367
Investment (derived)
-€168,089
Investment in fixed assets (net)
-€13,645
Current investments
-€154,445
Financing
-€109,070
Debts after one year
-€86,906
Current portion of long-term debt
+€861
Short-term financial debts
-€25
Contributions, distributions and other
-€23,000
Cash 2025
€204,581
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,366,317 | €1,514,659 | +€148,342 | +10.9% |
| Fixed assets | 21/28 | €873,010 | €795,890 | -€77,120 | -8.8% |
| Intangible fixed assets | 21 | €1,600 | €1,200 | -€400 | -25.0% |
| Tangible fixed assets | 22/27 | €871,410 | €794,690 | -€76,720 | -8.8% |
| Land and buildings | 22 | €424,944 | €412,945 | -€11,999 | -2.8% |
| Plant, machinery and equipment | 23 | €158,106 | €138,000 | -€20,107 | -12.7% |
| Furniture and vehicles | 24 | €27,815 | €23,750 | -€4,065 | -14.6% |
| Other tangible fixed assets | 26 | €260,544 | €219,996 | -€40,549 | -15.6% |
| Current assets | 29/58 | €493,307 | €718,769 | +€225,462 | +45.7% |
| Amounts receivable after more than one year | 29 | €300,000 | €315,000 | +€15,000 | +5.0% |
| Trade receivables | 290 | €300,000 | €315,000 | +€15,000 | +5.0% |
| Amounts receivable within one year | 40/41 | €9,179 | €3,988 | -€5,191 | -56.6% |
| Trade receivables | 40 | €9,179 | €3,988 | -€5,191 | -56.6% |
| Current investments | 50/53 | €30,000 | €184,445 | +€154,445 | +515% |
| Cash at bank and in hand | 54/58 | €143,325 | €204,581 | +€61,256 | +42.7% |
| Deferred charges and accrued income | 490/1 | €10,803 | €10,755 | -€48 | -0.4% |
| Total equity and liabilities | 10/49 | €1,366,317 | €1,514,659 | +€148,342 | +10.9% |
| Equity | 10/15 | €729,232 | €946,287 | +€217,055 | +29.8% |
| Contributions | 10/11 | €192,400 | €192,400 | = | 0.0% |
| Reserves | 13 | €519,803 | €753,887 | +€234,084 | +45.0% |
| Distributable reserves | 133 | €519,803 | €753,887 | +€234,084 | +45.0% |
| Profit (loss) carried forward | 14 | €17,030 | - | -€17,030 | |
| Amounts payable | 17/49 | €637,085 | €568,372 | -€68,713 | -10.8% |
| Amounts payable after more than one year | 17 | €494,955 | €408,048 | -€86,906 | -17.6% |
| Financial debts | 170/4 | €494,955 | €408,048 | -€86,906 | -17.6% |
| Amounts payable within one year | 42/48 | €141,916 | €160,150 | +€18,235 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €86,045 | €86,906 | +€861 | +1.0% |
| Financial debts | 43 | €25 | - | -€25 | |
| Credit institutions | 430/8 | €25 | - | -€25 | |
| Trade debts | 44 | €15,913 | €9,379 | -€6,534 | -41.1% |
| Suppliers | 440/4 | €15,913 | €9,379 | -€6,534 | -41.1% |
| Taxes, remuneration and social security | 45 | €37,237 | €61,604 | +€24,367 | +65.4% |
| Taxes | 450/3 | €12,459 | €31,543 | +€19,084 | +153% |
| Remuneration and social security | 454/9 | €24,778 | €30,061 | +€5,283 | +21.3% |
| Other amounts payable | 47/48 | €2,695 | €2,260 | -€435 | -16.1% |
| Accrued charges and deferred income | 492/3 | €214 | €173 | -€41 | -19.1% |
| Remuneration, social security and pensions | 62 | €193,586 | €204,067 | +€10,480 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,532 | €90,765 | +€11,232 | +14.1% |
| Other operating charges | 640/8 | €4,133 | €3,849 | -€285 | -6.9% |
| Non-recurring operating charges | 66A | €1,400 | €33 | -€1,367 | -97.7% |
| Gross operating margin | 9900 | €537,083 | €630,886 | +€93,804 | +17.5% |
| Operating profit (loss) | 9901 | €258,430 | €332,173 | +€73,743 | +28.5% |
| Financial income | 75/76B | €11,698 | €26,811 | +€15,113 | +129% |
| Recurring financial income | 75 | €11,698 | €26,811 | +€15,113 | +129% |
| Financial charges | 65/66B | €10,109 | €14,350 | +€4,241 | +42.0% |
| Recurring financial charges | 65 | €10,109 | €14,350 | +€4,241 | +42.0% |
| Profit (loss) for the period before taxes | 9903 | €260,019 | €344,634 | +€84,615 | +32.5% |
| Income taxes | 67/77 | €77,877 | €104,579 | +€26,703 | +34.3% |
| Profit (loss) for the period | 9904 | €182,142 | €240,055 | +€57,912 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €182,142 | €240,055 | +€57,912 | +31.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.