Bart Van der Schoot: 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.
Bart Van der Schoot
Largest movements
- Tangible fixed assets +€31,586
up €31,586 (+52.3%), from €60,415 to €92,001
of which Furniture and vehicles: +€26,765
- Cash +€28,418
up €28,418 (+47.9%), from €59,339 to €87,756
mainly Net result for the year (+€29,300) and Debts after one year (+€22,804)
- Current investments +€12,000
new in 2025: €12,000
- Stocks and contracts -€4,384
down €4,384 (-6.6%), from €66,866 to €62,482
- Reserves +€29,300
up €29,300 (+24.0%), from €121,890 to €151,190
- Debts after one year +€22,804
up €22,804 (+123.9%), from €18,401 to €41,205
- Current portion of long-term debt +€8,351
up €8,351 (+91.9%), from €9,089 to €17,441
- Tax, wage and social debts +€3,939
up €3,939 (+43.0%), from €9,164 to €13,103
- Trade debts +€3,886
up €3,886 (+30.9%), from €12,559 to €16,446
- Gross operating margin +€29,406
up €29,406 (+82.1%), from €35,834 to €65,239
- Taxes +€6,274
up €6,274 (+137.0%), from €4,581 to €10,855
- Depreciation +€3,766
up €3,766 (+19.9%), from €18,912 to €22,678
- Financial income -€1,955
down €1,955 (-80.2%), from €2,438 to €484
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,154 | €313,435 | +€68,281 | +27.9% |
| Fixed assets | 21/28 | €60,415 | €92,001 | +€31,586 | +52.3% |
| Tangible fixed assets | 22/27 | €60,415 | €92,001 | +€31,586 | +52.3% |
| Plant, machinery and equipment | 23 | €11,350 | €11,313 | -€37 | -0.3% |
| Furniture and vehicles | 24 | €47,505 | €74,270 | +€26,765 | +56.3% |
| Other tangible fixed assets | 26 | €1,560 | €6,418 | +€4,858 | +311.4% |
| Current assets | 29/58 | €184,739 | €221,434 | +€36,695 | +19.9% |
| Stocks and contracts in progress | 3 | €66,866 | €62,482 | -€4,384 | -6.6% |
| Stocks | 30/36 | €66,866 | €62,482 | -€4,384 | -6.6% |
| Amounts receivable within one year | 40/41 | €58,534 | €58,496 | -€38 | -0.1% |
| Trade receivables | 40 | €462 | €42 | -€420 | -90.9% |
| Other amounts receivable | 41 | €58,072 | €58,454 | +€382 | +0.7% |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €59,339 | €87,756 | +€28,418 | +47.9% |
| Deferred charges and accrued income | 490/1 | €0 | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €245,154 | €313,435 | +€68,281 | +27.9% |
| Equity | 10/15 | €137,690 | €166,990 | +€29,300 | +21.3% |
| Contributions | 10/11 | €15,800 | €15,800 | = | 0.0% |
| Reserves | 13 | €121,890 | €151,190 | +€29,300 | +24.0% |
| Distributable reserves | 133 | €121,890 | €151,190 | +€29,300 | +24.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €8,500 | €8,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,500 | €8,500 | = | 0.0% |
| Pensions and similar obligations | 160 | €8,500 | €8,500 | = | 0.0% |
| Amounts payable | 17/49 | €98,965 | €137,945 | +€38,981 | +39.4% |
| Amounts payable after more than one year | 17 | €18,401 | €41,205 | +€22,804 | +123.9% |
| Financial debts | 170/4 | €18,401 | €41,205 | +€22,804 | +123.9% |
| Amounts payable within one year | 42/48 | €80,564 | €96,741 | +€16,177 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €9,089 | €17,441 | +€8,351 | +91.9% |
| Trade debts | 44 | €12,559 | €16,446 | +€3,886 | +30.9% |
| Suppliers | 440/4 | €12,559 | €16,446 | +€3,886 | +30.9% |
| Taxes, remuneration and social security | 45 | €9,164 | €13,103 | +€3,939 | +43.0% |
| Taxes | 450/3 | €9,164 | €13,103 | +€3,939 | +43.0% |
| Other amounts payable | 47/48 | €49,751 | €49,751 | = | 0.0% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,912 | €22,678 | +€3,766 | +19.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€318 | -€304 | +€14 | +4.4% |
| Other operating charges | 640/8 | €1,826 | €1,622 | -€204 | -11.2% |
| Gross operating margin | 9900 | €35,834 | €65,239 | +€29,406 | +82.1% |
| Operating profit (loss) | 9901 | €15,413 | €41,243 | +€25,830 | +167.6% |
| Financial income | 75/76B | €2,438 | €484 | -€1,955 | -80.2% |
| Recurring financial income | 75 | €2,438 | €484 | -€1,955 | -80.2% |
| Financial charges | 65/66B | €1,344 | €1,572 | +€227 | +16.9% |
| Recurring financial charges | 65 | €1,344 | €1,572 | +€227 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €16,507 | €40,155 | +€23,648 | +143.3% |
| Income taxes | 67/77 | €4,581 | €10,855 | +€6,274 | +137.0% |
| Profit (loss) for the period | 9904 | €11,927 | €29,300 | +€17,373 | +145.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,927 | €29,300 | +€17,373 | +145.7% |
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.