TOM SMOLDERS: 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 SMOLDERS
NACE 86.210, General medical practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€784,382
2024 · €866,025-€81,643
Equity
€3.8m
2024 · €3.6m+€170,313
Cash
€2,593
2024 · €23,255-€20,662
Balance sheet total
€4.5m
2024 · €4.1m+€370,661
Largest movements
Assets
- Current investments +€635,393
up €635,393 (+25.3%), from €2.5m to €3.1m
- Receivables after one year -€350,181
down €350,181 (-26.7%), from €1.3m to €963,239
- Tangible fixed assets +€106,959
up €106,959 (+49.1%), from €217,989 to €324,948
of which Furniture and vehicles: +€124,742
Equity and liabilities
- Other debts +€212,372
up €212,372 (+52.9%), from €401,697 to €614,069
- Reserves +€170,313
up €170,313 (+4.8%), from €3.6m to €3.7m
of which Distributable reserves: +€170,313
Income statement
- Financial income -€102,590
down €102,590 (-56.7%), from €180,967 to €78,377
- Gross operating margin +€42,475
up €42,475 (+3.7%), from €1.1m to €1.2m
- Depreciation +€15,344
up €15,344 (+56.4%), from €27,194 to €42,539
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
€866,025
Gross operating margin
+€42,475
Staff costs
-€6,586
Depreciation
-€15,344
Other operating charges
-€133
Financial income
-€102,590
Financial charges
-€102
Taxes
+€637
Result 2025
€784,382
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
+€1.4m
Investment
-€784,890
Financing
-€614,069
Cash 2024
€23,255
From operations (derived)
+€1.4m
Net result for the year
+€784,382
Depreciation
+€42,539
Receivables after one year
+€350,181
Receivables within one year
+€8,480
Deferred charges and accrued income
-€7,632
Trade debts
-€5,719
Tax, wage and social debts
-€6,305
Other debts
+€212,372
Investment (derived)
-€784,890
Investment in fixed assets (net)
-€149,497
Current investments
-€635,393
Financing
-€614,069
Contributions, distributions and other
-€614,069
Cash 2025
€2,593
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,127,689 | €4,498,350 | +€370,661 | +9.0% |
| Fixed assets | 21/28 | €217,989 | €324,948 | +€106,959 | +49.1% |
| Tangible fixed assets | 22/27 | €217,989 | €324,948 | +€106,959 | +49.1% |
| Land and buildings | 22 | €181,062 | €165,312 | -€15,751 | -8.7% |
| Plant, machinery and equipment | 23 | €4,373 | €2,341 | -€2,033 | -46.5% |
| Furniture and vehicles | 24 | €15,176 | €139,918 | +€124,742 | +822% |
| Other tangible fixed assets | 26 | €17,377 | €17,377 | = | 0.0% |
| Current assets | 29/58 | €3,909,700 | €4,173,402 | +€263,702 | +6.7% |
| Amounts receivable after more than one year | 29 | €1,313,420 | €963,239 | -€350,181 | -26.7% |
| Other amounts receivable | 291 | €1,313,420 | €963,239 | -€350,181 | -26.7% |
| Amounts receivable within one year | 40/41 | €56,898 | €48,418 | -€8,480 | -14.9% |
| Trade receivables | 40 | €4,817 | - | -€4,817 | |
| Other amounts receivable | 41 | €52,081 | €48,418 | -€3,663 | -7.0% |
| Current investments | 50/53 | €2,510,704 | €3,146,098 | +€635,393 | +25.3% |
| Cash at bank and in hand | 54/58 | €23,255 | €2,593 | -€20,662 | -88.9% |
| Deferred charges and accrued income | 490/1 | €5,422 | €13,054 | +€7,632 | +141% |
| Total equity and liabilities | 10/49 | €4,127,689 | €4,498,350 | +€370,661 | +9.0% |
| Equity | 10/15 | €3,624,792 | €3,795,105 | +€170,313 | +4.7% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €3,566,190 | €3,736,503 | +€170,313 | +4.8% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Distributable reserves | 133 | €3,560,330 | €3,730,643 | +€170,313 | +4.8% |
| Profit (loss) carried forward | 14 | €2 | €2 | = | 0.0% |
| Amounts payable | 17/49 | €502,897 | €703,245 | +€200,348 | +39.8% |
| Amounts payable within one year | 42/48 | €500,897 | €701,245 | +€200,348 | +40.0% |
| Trade debts | 44 | €6,084 | €365 | -€5,719 | -94.0% |
| Suppliers | 440/4 | €6,084 | €365 | -€5,719 | -94.0% |
| Taxes, remuneration and social security | 45 | €93,116 | €86,811 | -€6,305 | -6.8% |
| Taxes | 450/3 | €86,602 | €78,438 | -€8,164 | -9.4% |
| Remuneration and social security | 454/9 | €6,513 | €8,372 | +€1,859 | +28.5% |
| Other amounts payable | 47/48 | €401,697 | €614,069 | +€212,372 | +52.9% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €21,000 | +€21,000 | |
| Remuneration, social security and pensions | 62 | €60,223 | €66,809 | +€6,586 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,194 | €42,539 | +€15,344 | +56.4% |
| Other operating charges | 640/8 | €1,487 | €1,620 | +€133 | +8.9% |
| Gross operating margin | 9900 | €1,138,413 | €1,180,888 | +€42,475 | +3.7% |
| Operating profit (loss) | 9901 | €1,049,508 | €1,069,920 | +€20,412 | +1.9% |
| Financial income | 75/76B | €180,967 | €78,377 | -€102,590 | -56.7% |
| Recurring financial income | 75 | €180,967 | €78,377 | -€102,590 | -56.7% |
| Financial charges | 65/66B | €68 | €170 | +€102 | +149% |
| Recurring financial charges | 65 | €68 | €170 | +€102 | +149% |
| Profit (loss) for the period before taxes | 9903 | €1,230,406 | €1,148,127 | -€82,279 | -6.7% |
| Income taxes | 67/77 | €364,382 | €363,745 | -€637 | -0.2% |
| Profit (loss) for the period | 9904 | €866,025 | €784,382 | -€81,643 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €866,025 | €784,382 | -€81,643 | -9.4% |
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 21 October 2026 via checked.be.