Skip to content

What changed?

Two fiscal 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

Osteo & Kine Bart Moreels

BE 0804.675.673
NACE 86.951, Physiotherapy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,270
2024 · €4,376+€895
Equity
€14,785
2024 · €9,515+€5,270
Cash
€9,745
2024 · €3,126+€6,618
Balance sheet total
€48,470
2024 · €15,079+€33,391

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€26,020

    up €26,020 (+217.7%), from €11,952 to €37,972

    of which Leasing and similar rights: +€28,450

  • Cash +€6,618

    up €6,618 (+211.7%), from €3,126 to €9,745

    mainly Debts after one year (+€22,171) and Depreciation (+€7,598)

  • Deferred charges and accrued income +€753

    new in 2025: €753

Equity and liabilities
  • Debts after one year +€22,171

    new in 2025: €22,171

  • Current portion of long-term debt +€6,265

    new in 2025: €6,265

  • Reserves +€5,270

    up €5,270 (+80.9%), from €6,515 to €11,785

  • Trade debts +€550

    up €550 (+123.9%), from €444 to €995

Income statement
  • Gross operating margin +€9,034

    up €9,034 (+102.1%), from €8,845 to €17,879

  • Depreciation +€5,660

    up €5,660 (+292.1%), from €1,938 to €7,598

  • Other operating charges +€1,200

    up €1,200 (+854.3%), from €141 to €1,341

  • Financial charges +€733

    up €733 (+1684.3%), from €44 to €776

  • Taxes +€531

    up €531 (+22.4%), from €2,367 to €2,897

From the 2024 result to the 2025 result

effect on the 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 €4,376
Gross operating margin +€9,034
Depreciation -€5,660
Other operating charges -€1,200
Financial income -€16
Financial charges -€733
Taxes -€531
Result 2025 €5,270

Cash bridge derived

cash 2024 to 2025

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 +€11,799
Investment -€33,617
Financing +€28,436
Cash 2024 €3,126
Net result for the year +€5,270
Depreciation +€7,598
Deferred charges and accrued income -€753
Trade debts +€550
Tax, wage and social debts -€397
Other debts -€469
Investment in fixed assets (net) -€33,617
Debts after one year +€22,171
Current portion of long-term debt +€6,265
Cash 2025 €9,745
Every line side by side 35 lines
Line Code 2024 2025 Change %
Total assets 20/58 €15,079 €48,470 +€33,391 +221.4%
Fixed assets 21/28 €11,952 €37,972 +€26,020 +217.7%
Tangible fixed assets 22/27 €11,952 €37,972 +€26,020 +217.7%
Furniture and vehicles 24 €11,952 €9,522 -€2,430 -20.3%
Leasing and similar rights 25 - €28,450 +€28,450
Current assets 29/58 €3,126 €10,498 +€7,371 +235.8%
Cash at bank and in hand 54/58 €3,126 €9,745 +€6,618 +211.7%
Deferred charges and accrued income 490/1 - €753 +€753
Total equity and liabilities 10/49 €15,079 €48,470 +€33,391 +221.4%
Equity 10/15 €9,515 €14,785 +€5,270 +55.4%
Contributions 10/11 €3,000 €3,000 = 0.0%
Reserves 13 €6,515 €11,785 +€5,270 +80.9%
Distributable reserves 133 €6,515 €11,785 +€5,270 +80.9%
Amounts payable 17/49 €5,564 €33,684 +€28,121 +505.4%
Amounts payable after more than one year 17 - €22,171 +€22,171
Financial debts 170/4 - €22,171 +€22,171
Amounts payable within one year 42/48 €5,564 €11,513 +€5,949 +106.9%
Current portion of amounts payable after more than one year 42 - €6,265 +€6,265
Trade debts 44 €444 €995 +€550 +123.9%
Suppliers 440/4 €444 €995 +€550 +123.9%
Taxes, remuneration and social security 45 €3,294 €2,897 -€397 -12.0%
Taxes 450/3 €3,294 €2,897 -€397 -12.0%
Other amounts payable 47/48 €1,826 €1,357 -€469 -25.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €1,938 €7,598 +€5,660 +292.1%
Other operating charges 640/8 €141 €1,341 +€1,200 +854.3%
Gross operating margin 9900 €8,845 €17,879 +€9,034 +102.1%
Operating profit (loss) 9901 €6,767 €8,941 +€2,174 +32.1%
Financial income 75/76B €19 €3 -€16 -86.7%
Recurring financial income 75 €19 €3 -€16 -86.7%
Financial charges 65/66B €44 €776 +€733 +1684.3%
Recurring financial charges 65 €44 €776 +€733 +1684.3%
Profit (loss) for the period before taxes 9903 €6,742 €8,167 +€1,425 +21.1%
Income taxes 67/77 €2,367 €2,897 +€531 +22.4%
Profit (loss) for the period 9904 €4,376 €5,270 +€895 +20.4%
Profit (loss) for the period to be appropriated 9905 €4,376 €5,270 +€895 +20.4%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.