Tom Declercq: 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
Tom Declercq
NACE 86.230, Dental practice
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€388,415
2024 · €379,204+€9,211
Equity
€1.4m
2024 · €1.3m+€117,749
Cash
€972,256
2024 · €735,519+€236,737
Balance sheet total
€2.0m
2024 · €1.8m+€234,113
Largest movements
Assets
- Cash +€236,737
up €236,737 (+32.2%), from €735,519 to €972,256
mainly Net result for the year (+€388,415) and Other debts (+€187,118)
Equity and liabilities
- Other debts +€187,118
up €187,118 (+224.0%), from €83,548 to €270,667
- Reserves +€117,749
up €117,749 (+9.1%), from €1.3m to €1.4m
of which Distributable reserves: +€119,586
- Debts after one year -€35,239
down €35,239 (-13.8%), from €255,123 to €219,884
- Accrued charges and deferred income -€29,991
down €29,991 (-47.7%), from €62,938 to €32,947
Income statement
- Gross operating margin -€24,801
down €24,801 (-3.3%), from €757,718 to €732,918
- Staff costs -€15,499
down €15,499 (-13.1%), from €118,588 to €103,089
- Taxes -€13,045
down €13,045 (-7.4%), from €177,370 to €164,324
- Depreciation -€8,897
down €8,897 (-11.7%), from €76,158 to €67,261
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
€379,204
Gross operating margin
-€24,801
Staff costs
+€15,499
Depreciation
+€8,897
Other operating charges
-€148
Financial income
-€6,672
Financial charges
+€3,390
Taxes
+€13,045
Result 2025
€388,415
Cash bridge derived
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
+€589,392
Investment
-€47,023
Financing
-€305,632
Cash 2024
€735,519
From operations (derived)
+€589,392
Net result for the year
+€388,415
Depreciation
+€67,261
Receivables within one year
-€2,243
Deferred charges and accrued income
-€15,371
Provisions
-€946
Trade debts
-€2,597
Tax, wage and social debts
-€2,255
Other debts
+€187,118
Accrued charges and deferred income
-€29,991
Investment (derived)
-€47,023
Investment in fixed assets (net)
-€47,023
Financing
-€305,632
Debts after one year
-€35,239
Current portion of long-term debt
+€273
Contributions, distributions and other
-€270,667
Cash 2025
€972,256
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,810,569 | €2,044,682 | +€234,113 | +12.9% |
| Fixed assets | 21/28 | €1,051,659 | €1,031,421 | -€20,238 | -1.9% |
| Tangible fixed assets | 22/27 | €1,051,659 | €1,031,421 | -€20,238 | -1.9% |
| Land and buildings | 22 | €1,000,430 | €953,183 | -€47,246 | -4.7% |
| Plant, machinery and equipment | 23 | €43,784 | €67,417 | +€23,634 | +54.0% |
| Furniture and vehicles | 24 | €7,446 | €4,321 | -€3,125 | -42.0% |
| Other tangible fixed assets | 26 | - | €6,500 | +€6,500 | |
| Current assets | 29/58 | €758,910 | €1,013,260 | +€254,350 | +33.5% |
| Amounts receivable within one year | 40/41 | €20,398 | €22,641 | +€2,243 | +11.0% |
| Trade receivables | 40 | €19,527 | €13,997 | -€5,530 | -28.3% |
| Other amounts receivable | 41 | €871 | €8,644 | +€7,773 | +892.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €735,519 | €972,256 | +€236,737 | +32.2% |
| Deferred charges and accrued income | 490/1 | €2,993 | €18,364 | +€15,371 | +513.6% |
| Total equity and liabilities | 10/49 | €1,810,569 | €2,044,682 | +€234,113 | +12.9% |
| Equity | 10/15 | €1,310,254 | €1,428,002 | +€117,749 | +9.0% |
| Contributions | 10/11 | €12,408 | €12,408 | = | 0.0% |
| Reserves | 13 | €1,297,845 | €1,415,594 | +€117,749 | +9.1% |
| 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 | €41,550 | €39,712 | -€1,838 | -4.4% |
| Distributable reserves | 133 | €1,254,435 | €1,374,022 | +€119,586 | +9.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €21,395 | €20,449 | -€946 | -4.4% |
| Deferred taxes | 168 | €21,395 | €20,449 | -€946 | -4.4% |
| Amounts payable | 17/49 | €478,920 | €596,231 | +€117,310 | +24.5% |
| Amounts payable after more than one year | 17 | €255,123 | €219,884 | -€35,239 | -13.8% |
| Financial debts | 170/4 | €255,123 | €219,884 | -€35,239 | -13.8% |
| Amounts payable within one year | 42/48 | €160,860 | €343,400 | +€182,540 | +113.5% |
| Current portion of amounts payable after more than one year | 42 | €34,966 | €35,239 | +€273 | +0.8% |
| Trade debts | 44 | €11,804 | €9,208 | -€2,597 | -22.0% |
| Suppliers | 440/4 | €11,804 | €9,208 | -€2,597 | -22.0% |
| Taxes, remuneration and social security | 45 | €30,542 | €28,287 | -€2,255 | -7.4% |
| Taxes | 450/3 | €6,279 | €8,133 | +€1,854 | +29.5% |
| Remuneration and social security | 454/9 | €24,263 | €20,154 | -€4,109 | -16.9% |
| Other amounts payable | 47/48 | €83,548 | €270,667 | +€187,118 | +224.0% |
| Accrued charges and deferred income | 492/3 | €62,938 | €32,947 | -€29,991 | -47.7% |
| Non-recurring operating income | 76A | - | €24,123 | +€24,123 | |
| Remuneration, social security and pensions | 62 | €118,588 | €103,089 | -€15,499 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,158 | €67,261 | -€8,897 | -11.7% |
| Other operating charges | 640/8 | €7,307 | €7,455 | +€148 | +2.0% |
| Gross operating margin | 9900 | €757,718 | €732,918 | -€24,801 | -3.3% |
| Operating profit (loss) | 9901 | €555,666 | €555,114 | -€552 | -0.1% |
| Financial income | 75/76B | €11,929 | €5,257 | -€6,672 | -55.9% |
| Recurring financial income | 75 | €11,929 | €5,257 | -€6,672 | -55.9% |
| Financial charges | 65/66B | €11,967 | €8,577 | -€3,390 | -28.3% |
| Recurring financial charges | 65 | €11,967 | €8,577 | -€3,390 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | €555,627 | €551,793 | -€3,834 | -0.7% |
| Transfer from deferred taxes | 780 | €946 | €946 | = | 0.0% |
| Income taxes | 67/77 | €177,370 | €164,324 | -€13,045 | -7.4% |
| Profit (loss) for the period | 9904 | €379,204 | €388,415 | +€9,211 | +2.4% |
| Transfer from tax-exempt reserves | 789 | €1,838 | €1,838 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €381,042 | €390,253 | +€9,211 | +2.4% |
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 12 October 2026 via checked.be.