Sylvie Houben: 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
Sylvie Houben
NACE 86.210, General medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€161,335
2024 · €183,908-€22,573
Equity
€1.0m
2024 · €902,472+€137,335
Cash
€265,154
2024 · €276,961-€11,807
Balance sheet total
€1.3m
2024 · €1.2m+€116,694
Largest movements
Assets
- Receivables after one year +€100,000
up €100,000 (+13.3%), from €750,000 to €850,000
- Receivables within one year +€29,561
up €29,561 (+56.4%), from €52,445 to €82,006
Equity and liabilities
- Reserves +€137,250
up €137,250 (+16.4%), from €835,610 to €972,860
of which Distributable reserves: +€137,250
Income statement
- Gross operating margin -€34,511
down €34,511 (-10.8%), from €319,578 to €285,067
- Taxes -€8,389
down €8,389 (-11.9%), from €70,489 to €62,100
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
€183,908
Gross operating margin
-€34,511
Staff costs
+€1,046
Depreciation
+€170
Other operating charges
+€516
Financial income
+€1,447
Financial charges
+€370
Taxes
+€8,389
Result 2025
€161,335
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
+€41,562
Investment
-€18,582
Financing
-€34,787
Cash 2024
€276,961
From operations (derived)
+€41,562
Net result for the year
+€161,335
Depreciation
+€18,462
Receivables after one year
-€100,000
Receivables within one year
-€29,561
Deferred charges and accrued income
+€1,180
Trade debts
+€774
Tax, wage and social debts
-€8,673
Other debts
-€6,000
Accrued charges and deferred income
+€4,045
Investment (derived)
-€18,582
Investment in fixed assets (net)
-€18,582
Financing
-€34,787
Debts after one year
-€10,787
Contributions, distributions and other
-€24,000
Cash 2025
€265,154
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,179,796 | €1,296,490 | +€116,694 | +9.9% |
| Fixed assets | 21/28 | €94,795 | €94,915 | +€120 | +0.1% |
| Tangible fixed assets | 22/27 | €94,795 | €94,915 | +€120 | +0.1% |
| Land and buildings | 22 | €83,080 | €78,326 | -€4,754 | -5.7% |
| Furniture and vehicles | 24 | €9,415 | €6,239 | -€3,176 | -33.7% |
| Other tangible fixed assets | 26 | €2,300 | €10,350 | +€8,050 | +350% |
| Current assets | 29/58 | €1,085,001 | €1,201,575 | +€116,574 | +10.7% |
| Amounts receivable after more than one year | 29 | €750,000 | €850,000 | +€100,000 | +13.3% |
| Other amounts receivable | 291 | €750,000 | €850,000 | +€100,000 | +13.3% |
| Amounts receivable within one year | 40/41 | €52,445 | €82,006 | +€29,561 | +56.4% |
| Other amounts receivable | 41 | €52,445 | €82,006 | +€29,561 | +56.4% |
| Cash at bank and in hand | 54/58 | €276,961 | €265,154 | -€11,807 | -4.3% |
| Deferred charges and accrued income | 490/1 | €5,595 | €4,415 | -€1,180 | -21.1% |
| Total equity and liabilities | 10/49 | €1,179,796 | €1,296,490 | +€116,694 | +9.9% |
| Equity | 10/15 | €902,472 | €1,039,807 | +€137,335 | +15.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €835,610 | €972,860 | +€137,250 | +16.4% |
| 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 | €101,000 | €101,000 | = | 0.0% |
| Distributable reserves | 133 | €732,750 | €870,000 | +€137,250 | +18.7% |
| Profit (loss) carried forward | 14 | €54,462 | €54,547 | +€85 | +0.2% |
| Provisions and deferred taxes | 16 | €95,000 | €95,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €95,000 | €95,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable | 17/49 | €182,324 | €161,683 | -€20,641 | -11.3% |
| Amounts payable after more than one year | 17 | €98,160 | €87,373 | -€10,787 | -11.0% |
| Financial debts | 170/4 | €98,160 | €87,373 | -€10,787 | -11.0% |
| Amounts payable within one year | 42/48 | €84,164 | €70,265 | -€13,899 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €14,442 | €14,442 | = | 0.0% |
| Trade debts | 44 | €7,908 | €8,682 | +€774 | +9.8% |
| Suppliers | 440/4 | €7,908 | €8,682 | +€774 | +9.8% |
| Taxes, remuneration and social security | 45 | €31,814 | €23,141 | -€8,673 | -27.3% |
| Taxes | 450/3 | €26,186 | €17,363 | -€8,823 | -33.7% |
| Remuneration and social security | 454/9 | €5,628 | €5,778 | +€150 | +2.7% |
| Other amounts payable | 47/48 | €30,000 | €24,000 | -€6,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | - | €4,045 | +€4,045 | |
| Remuneration, social security and pensions | 62 | €39,357 | €38,311 | -€1,046 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,632 | €18,462 | -€170 | -0.9% |
| Other operating charges | 640/8 | €2,348 | €1,832 | -€516 | -22.0% |
| Gross operating margin | 9900 | €319,578 | €285,067 | -€34,511 | -10.8% |
| Operating profit (loss) | 9901 | €259,241 | €226,462 | -€32,779 | -12.6% |
| Financial income | 75/76B | €1,012 | €2,459 | +€1,447 | +143% |
| Recurring financial income | 75 | €1,012 | €2,459 | +€1,447 | +143% |
| Financial charges | 65/66B | €5,856 | €5,486 | -€370 | -6.3% |
| Recurring financial charges | 65 | €5,856 | €5,486 | -€370 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €254,397 | €223,435 | -€30,962 | -12.2% |
| Income taxes | 67/77 | €70,489 | €62,100 | -€8,389 | -11.9% |
| Profit (loss) for the period | 9904 | €183,908 | €161,335 | -€22,573 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €183,908 | €161,335 | -€22,573 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.