S.SHAHSAVARI: what changed
What changed
S.SHAHSAVARI
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€157,166
2024 · €105,270+€51,896
Equity
€18,633
2024 · €293,267-€274,634
Cash
€220,184
2024 · €320,128-€99,944
Balance sheet total
€1.1m
2024 · €1.3m-€124,420
Largest movements
Assets
- Cash -€99,944
down €99,944 (-31.2%), from €320,128 to €220,184
mainly Contributions, distributions and other (-€431,800) and Debts after one year (-€71,480)
- Current investments +€40,350
up €40,350 (+744%), from €5,425 to €45,775
- Tangible fixed assets -€38,498
down €38,498 (-4.3%), from €893,726 to €855,227
of which Land and buildings: -€41,929
- Deferred charges and accrued income -€28,022
down €28,022 (-55.6%), from €50,435 to €22,413
Equity and liabilities
- Other debts +€291,203
up €291,203 (+242,044%), from €120 to €291,324
- Profit (loss) carried forward -€274,634
down €274,634 (-100.0%), from €274,667 to €33
- Debts after one year -€71,480
down €71,480 (-9.0%), from €794,434 to €722,954
- Provisions -€37,150
no longer reported in 2025 (was €37,150)
- Short-term financial debts -€30,084
no longer reported in 2025 (was €30,084)
Income statement
- Provisions -€74,300
down €74,300, from €37,150 to -€37,150
- Financial charges +€37,767
up €37,767 (+489%), from €7,726 to €45,492
- Gross operating margin +€35,502
up €35,502 (+11.5%), from €308,478 to €343,981
- Taxes +€12,014
up €12,014 (+33.0%), from €36,394 to €48,408
- Depreciation +€5,628
up €5,628 (+6.4%), from €87,861 to €93,489
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
€105,270
Gross operating margin
+€35,502
Staff costs
-€315
Depreciation
-€5,628
Provisions
+€74,300
Other operating charges
-€1,433
Financial income
-€749
Financial charges
-€37,767
Taxes
-€12,014
Result 2025
€157,166
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
+€521,069
Investment
-€95,341
Financing
-€525,672
Cash 2024
€320,128
From operations (derived)
+€521,069
Net result for the year
+€157,166
Depreciation
+€93,489
Receivables within one year
-€1,694
Deferred charges and accrued income
+€28,022
Provisions
-€37,150
Trade debts
+€10,791
Tax, wage and social debts
-€20,951
Other debts
+€291,203
Accrued charges and deferred income
+€193
Investment (derived)
-€95,341
Investment in fixed assets (net)
-€54,991
Current investments
-€40,350
Financing
-€525,672
Debts after one year
-€71,480
Current portion of long-term debt
+€7,692
Short-term financial debts
-€30,084
Contributions, distributions and other
-€431,800
Cash 2025
€220,184
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,273,295 | €1,148,875 | -€124,420 | -9.8% |
| Fixed assets | 21/28 | €893,726 | €855,227 | -€38,498 | -4.3% |
| Tangible fixed assets | 22/27 | €893,726 | €855,227 | -€38,498 | -4.3% |
| Land and buildings | 22 | €669,599 | €627,670 | -€41,929 | -6.3% |
| Plant, machinery and equipment | 23 | €45,453 | €62,673 | +€17,220 | +37.9% |
| Furniture and vehicles | 24 | €44,339 | €38,662 | -€5,676 | -12.8% |
| Other tangible fixed assets | 26 | €134,335 | €126,223 | -€8,113 | -6.0% |
| Current assets | 29/58 | €379,569 | €293,647 | -€85,922 | -22.6% |
| Amounts receivable within one year | 40/41 | €3,581 | €5,275 | +€1,694 | +47.3% |
| Other amounts receivable | 41 | €3,581 | €5,275 | +€1,694 | +47.3% |
| Current investments | 50/53 | €5,425 | €45,775 | +€40,350 | +744% |
| Cash at bank and in hand | 54/58 | €320,128 | €220,184 | -€99,944 | -31.2% |
| Deferred charges and accrued income | 490/1 | €50,435 | €22,413 | -€28,022 | -55.6% |
| Total equity and liabilities | 10/49 | €1,273,295 | €1,148,875 | -€124,420 | -9.8% |
| Equity | 10/15 | €293,267 | €18,633 | -€274,634 | -93.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €274,667 | €33 | -€274,634 | -100.0% |
| Provisions and deferred taxes | 16 | €37,150 | - | -€37,150 | |
| Provisions for liabilities and charges | 160/5 | €37,150 | - | -€37,150 | |
| Other liabilities and charges | 164/5 | €37,150 | - | -€37,150 | |
| Amounts payable | 17/49 | €942,878 | €1,130,242 | +€187,364 | +19.9% |
| Amounts payable after more than one year | 17 | €794,434 | €722,954 | -€71,480 | -9.0% |
| Financial debts | 170/4 | €794,434 | €722,954 | -€71,480 | -9.0% |
| Amounts payable within one year | 42/48 | €148,444 | €407,095 | +€258,651 | +174% |
| Current portion of amounts payable after more than one year | 42 | €86,238 | €93,930 | +€7,692 | +8.9% |
| Financial debts | 43 | €30,084 | - | -€30,084 | |
| Credit institutions | 430/8 | €30,084 | - | -€30,084 | |
| Trade debts | 44 | €6,728 | €17,519 | +€10,791 | +160% |
| Suppliers | 440/4 | €6,728 | €17,519 | +€10,791 | +160% |
| Taxes, remuneration and social security | 45 | €25,274 | €4,322 | -€20,951 | -82.9% |
| Taxes | 450/3 | €21,319 | - | -€21,319 | |
| Remuneration and social security | 454/9 | €3,954 | €4,322 | +€368 | +9.3% |
| Other amounts payable | 47/48 | €120 | €291,324 | +€291,203 | +242,044% |
| Accrued charges and deferred income | 492/3 | - | €193 | +€193 | |
| Remuneration, social security and pensions | 62 | €28,483 | €28,799 | +€315 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,861 | €93,489 | +€5,628 | +6.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €37,150 | -€37,150 | -€74,300 | |
| Other operating charges | 640/8 | €7,696 | €9,129 | +€1,433 | +18.6% |
| Gross operating margin | 9900 | €308,478 | €343,981 | +€35,502 | +11.5% |
| Operating profit (loss) | 9901 | €147,288 | €249,714 | +€102,426 | +69.5% |
| Financial income | 75/76B | €2,101 | €1,352 | -€749 | -35.7% |
| Recurring financial income | 75 | €2,101 | €1,352 | -€749 | -35.7% |
| Financial charges | 65/66B | €7,726 | €45,492 | +€37,767 | +489% |
| Recurring financial charges | 65 | €7,726 | €45,492 | +€37,767 | +489% |
| Profit (loss) for the period before taxes | 9903 | €141,664 | €205,573 | +€63,910 | +45.1% |
| Income taxes | 67/77 | €36,394 | €48,408 | +€12,014 | +33.0% |
| Profit (loss) for the period | 9904 | €105,270 | €157,166 | +€51,896 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €105,270 | €157,166 | +€51,896 | +49.3% |
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 2 November 2026 via checked.be.