SARAH STAELS: 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
SARAH STAELS
NACE 86.230, Dental practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€999,328
2024 · €796,285+€203,043
Equity
€35,454
2024 · €35,126+€328
Cash
€1.5m
2024 · €754,005+€704,551
Balance sheet total
€1.8m
2024 · €1.1m+€730,537
Largest movements
Assets
- Cash +€704,551
up €704,551 (+93.4%), from €754,005 to €1.5m
mainly Net result for the year (+€999,328) and Other debts (+€746,820)
Equity and liabilities
- Other debts +€746,820
up €746,820 (+87.0%), from €858,675 to €1.6m
Income statement
- Gross operating margin +€231,079
up €231,079 (+18.6%), from €1.2m to €1.5m
- Taxes +€62,653
up €62,653 (+23.4%), from €268,078 to €330,731
- Depreciation -€28,331
down €28,331 (-45.8%), from €61,848 to €33,517
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
€796,285
Gross operating margin
+€231,079
Staff costs
+€1,542
Depreciation
+€28,331
Other operating charges
+€1,185
Financial income
+€2,324
Financial charges
+€1,234
Taxes
-€62,653
Result 2025
€999,328
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
+€1.8m
Investment
-€47,522
Financing
-€1.0m
Cash 2024
€754,005
From operations (derived)
+€1.8m
Net result for the year
+€999,328
Depreciation
+€33,517
Receivables within one year
-€17,053
Deferred charges and accrued income
+€5,071
Trade debts
+€3,003
Tax, wage and social debts
-€6,223
Other debts
+€746,820
Investment (derived)
-€47,522
Investment in fixed assets (net)
-€47,522
Financing
-€1.0m
Debts after one year
-€12,035
Current portion of long-term debt
-€1,356
Contributions, distributions and other
-€999,000
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,058,546 | €1,789,084 | +€730,537 | +69.0% |
| Fixed assets | 21/28 | €144,252 | €158,257 | +€14,005 | +9.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €144,252 | €158,257 | +€14,005 | +9.7% |
| Plant, machinery and equipment | 23 | €55,053 | €85,241 | +€30,188 | +54.8% |
| Furniture and vehicles | 24 | €18,341 | €9,357 | -€8,983 | -49.0% |
| Leasing and similar rights | 25 | €70,859 | €63,659 | -€7,200 | -10.2% |
| Current assets | 29/58 | €914,294 | €1,630,826 | +€716,532 | +78.4% |
| Amounts receivable within one year | 40/41 | €3,370 | €20,422 | +€17,053 | +506% |
| Other amounts receivable | 41 | €3,370 | €20,422 | +€17,053 | +506% |
| Current investments | 50/53 | €148,072 | €148,072 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €754,005 | €1,458,556 | +€704,551 | +93.4% |
| Deferred charges and accrued income | 490/1 | €8,847 | €3,776 | -€5,071 | -57.3% |
| Total equity and liabilities | 10/49 | €1,058,546 | €1,789,084 | +€730,537 | +69.0% |
| Equity | 10/15 | €35,126 | €35,454 | +€328 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,526 | €16,854 | +€328 | +2.0% |
| Distributable reserves | 133 | €16,526 | €16,854 | +€328 | +2.0% |
| Amounts payable | 17/49 | €1,023,420 | €1,753,630 | +€730,210 | +71.3% |
| Amounts payable after more than one year | 17 | €50,451 | €38,416 | -€12,035 | -23.9% |
| Financial debts | 170/4 | €50,451 | €38,416 | -€12,035 | -23.9% |
| Amounts payable within one year | 42/48 | €972,969 | €1,715,214 | +€742,244 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €13,390 | €12,035 | -€1,356 | -10.1% |
| Trade debts | 44 | €60,664 | €63,667 | +€3,003 | +5.0% |
| Suppliers | 440/4 | €60,664 | €63,667 | +€3,003 | +5.0% |
| Taxes, remuneration and social security | 45 | €40,240 | €34,017 | -€6,223 | -15.5% |
| Taxes | 450/3 | €25,166 | €18,369 | -€6,796 | -27.0% |
| Remuneration and social security | 454/9 | €15,074 | €15,647 | +€573 | +3.8% |
| Other amounts payable | 47/48 | €858,675 | €1,605,495 | +€746,820 | +87.0% |
| Non-recurring operating income | 76A | - | €8,750 | +€8,750 | |
| Remuneration, social security and pensions | 62 | €130,779 | €129,237 | -€1,542 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,848 | €33,517 | -€28,331 | -45.8% |
| Other operating charges | 640/8 | €4,084 | €2,898 | -€1,185 | -29.0% |
| Gross operating margin | 9900 | €1,241,868 | €1,472,947 | +€231,079 | +18.6% |
| Operating profit (loss) | 9901 | €1,045,157 | €1,307,294 | +€262,138 | +25.1% |
| Financial income | 75/76B | €26,817 | €29,142 | +€2,324 | +8.7% |
| Recurring financial income | 75 | €26,817 | €29,142 | +€2,324 | +8.7% |
| Financial charges | 65/66B | €7,611 | €6,377 | -€1,234 | -16.2% |
| Recurring financial charges | 65 | €7,611 | €6,377 | -€1,234 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €1,064,363 | €1,330,059 | +€265,696 | +25.0% |
| Income taxes | 67/77 | €268,078 | €330,731 | +€62,653 | +23.4% |
| Profit (loss) for the period | 9904 | €796,285 | €999,328 | +€203,043 | +25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €796,285 | €999,328 | +€203,043 | +25.5% |
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 28 October 2026 via checked.be.