L. VANDERHOVEN: 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.
What changed
L. VANDERHOVEN
NACE 86.220, Specialist medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€56,927
2024 · €8,957+€47,970
Equity
€1.5m
2024 · €1.4m+€30,256
Cash
€67,508
2024 · €16,679+€50,829
Balance sheet total
€1.5m
2024 · €1.5m+€34,834
Largest movements
Assets
- Cash +€50,829
up €50,829 (+305%), from €16,679 to €67,508
mainly Net result for the year (+€56,927) and Tax, wage and social debts (+€13,418)
Equity and liabilities
- Reserves +€30,256
up €30,256 (+2.1%), from €1.4m to €1.5m
of which Distributable reserves: +€32,936
Income statement
- Gross operating margin +€65,469
up €65,469 (+154%), from €42,530 to €107,999
- Taxes +€13,341
up €13,341 (+307%), from €4,347 to €17,688
- Staff costs +€4,364
up €4,364 (+29.5%), from €14,788 to €19,152
- Other operating charges +€1,260
up €1,260 (+21.2%), from €5,943 to €7,203
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
€8,957
Gross operating margin
+€65,469
Staff costs
-€4,364
Other operating charges
-€1,260
Financial income
+€533
Financial charges
+€933
Taxes
-€13,341
Result 2025
€56,927
raises the resultlowers the result
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.
From operations
+€96,903
Investment
-€8,413
Financing
-€37,661
Cash 2024
€16,679
From operations (derived)
+€96,903
Net result for the year
+€56,927
Depreciation
+€12,910
Receivables within one year
+€12,722
Deferred charges and accrued income
-€1,224
Provisions
-€1,320
Trade debts
+€2,472
Tax, wage and social debts
+€13,418
Other debts
+€998
Investment (derived)
-€8,413
Current investments
-€8,413
Financing
-€37,661
Debts after one year
-€12,000
Short-term financial debts
+€1,010
Contributions, distributions and other
-€26,671
Cash 2025
€67,508
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,493,166 | €1,528,000 | +€34,834 | +2.3% |
| Fixed assets | 21/28 | €960,040 | €947,130 | -€12,910 | -1.3% |
| Tangible fixed assets | 22/27 | €960,040 | €947,130 | -€12,910 | -1.3% |
| Land and buildings | 22 | €955,742 | €944,227 | -€11,515 | -1.2% |
| Plant, machinery and equipment | 23 | €4,298 | €2,903 | -€1,395 | -32.5% |
| Current assets | 29/58 | €533,126 | €580,870 | +€47,744 | +9.0% |
| Amounts receivable after more than one year | 29 | €71,000 | €71,000 | = | 0.0% |
| Other amounts receivable | 291 | €71,000 | €71,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,722 | - | -€12,722 | |
| Other amounts receivable | 41 | €12,722 | - | -€12,722 | |
| Current investments | 50/53 | €430,825 | €439,238 | +€8,413 | +2.0% |
| Cash at bank and in hand | 54/58 | €16,679 | €67,508 | +€50,829 | +305% |
| Deferred charges and accrued income | 490/1 | €1,900 | €3,124 | +€1,224 | +64.4% |
| Total equity and liabilities | 10/49 | €1,493,166 | €1,528,000 | +€34,834 | +2.3% |
| Equity | 10/15 | €1,444,883 | €1,475,139 | +€30,256 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,426,283 | €1,456,539 | +€30,256 | +2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,416 | €5,736 | -€2,680 | -31.8% |
| Distributable reserves | 133 | €1,416,007 | €1,448,943 | +€32,936 | +2.3% |
| Provisions and deferred taxes | 16 | €4,145 | €2,825 | -€1,320 | -31.8% |
| Deferred taxes | 168 | €4,145 | €2,825 | -€1,320 | -31.8% |
| Amounts payable | 17/49 | €44,138 | €50,036 | +€5,898 | +13.4% |
| Amounts payable after more than one year | 17 | €30,000 | €18,000 | -€12,000 | -40.0% |
| Financial debts | 170/4 | €30,000 | €18,000 | -€12,000 | -40.0% |
| Amounts payable within one year | 42/48 | €14,138 | €32,036 | +€17,898 | +127% |
| Current portion of amounts payable after more than one year | 42 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 43 | - | €1,010 | +€1,010 | |
| Credit institutions | 430/8 | - | €1,010 | +€1,010 | |
| Trade debts | 44 | - | €2,472 | +€2,472 | |
| Suppliers | 440/4 | - | €2,472 | +€2,472 | |
| Taxes, remuneration and social security | 45 | €2,138 | €15,556 | +€13,418 | +628% |
| Taxes | 450/3 | €1,578 | €12,026 | +€10,448 | +662% |
| Remuneration and social security | 454/9 | €560 | €3,530 | +€2,970 | +530% |
| Other amounts payable | 47/48 | - | €998 | +€998 | |
| Remuneration, social security and pensions | 62 | €14,788 | €19,152 | +€4,364 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,910 | €12,910 | = | 0.0% |
| Other operating charges | 640/8 | €5,943 | €7,203 | +€1,260 | +21.2% |
| Gross operating margin | 9900 | €42,530 | €107,999 | +€65,469 | +154% |
| Operating profit (loss) | 9901 | €8,889 | €68,734 | +€59,845 | +673% |
| Financial income | 75/76B | €6,227 | €6,760 | +€533 | +8.6% |
| Recurring financial income | 75 | €6,227 | €6,760 | +€533 | +8.6% |
| Financial charges | 65/66B | €3,132 | €2,199 | -€933 | -29.8% |
| Recurring financial charges | 65 | €3,132 | €2,199 | -€933 | -29.8% |
| Profit (loss) for the period before taxes | 9903 | €11,984 | €73,295 | +€61,311 | +512% |
| Transfer from deferred taxes | 780 | €1,320 | €1,320 | = | 0.0% |
| Income taxes | 67/77 | €4,347 | €17,688 | +€13,341 | +307% |
| Profit (loss) for the period | 9904 | €8,957 | €56,927 | +€47,970 | +536% |
| Transfer from tax-exempt reserves | 789 | €2,680 | €2,680 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,637 | €59,607 | +€47,970 | +412% |
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 25 October 2026 via checked.be.