BRUNO SCHEERLINCK: 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.
BRUNO SCHEERLINCK
Largest movements
- Tangible fixed assets +€67,056
up €67,056 (+72.6%), from €92,427 to €159,484
of which Other tangible fixed assets: +€67,056
- Receivables within one year +€45,760
new in 2025: €45,760
of which Trade receivables: +€45,698
- Other debts +€59,897
up €59,897 (+119.6%), from €50,100 to €109,997
- Trade debts +€27,923
up €27,923 (+1533.8%), from €1,820 to €29,743
- Reserves +€24,223
up €24,223 (+43.4%), from €55,776 to €79,999
of which Distributable reserves: +€24,223
- Gross operating margin +€33,842
up €33,842 (+512.0%), from €6,609 to €40,451
- Write-downs -€11,450
no longer reported in 2025 (was €11,450)
- Depreciation +€9,104
up €9,104 (+1219.5%), from €747 to €9,850
- Taxes +€5,474
new in 2025: €5,474
- Other operating charges -€1,874
down €1,874 (-70.1%), from €2,674 to €799
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 | €118,132 | €229,343 | +€111,212 | +94.1% |
| Fixed assets | 21/28 | €92,427 | €159,484 | +€67,056 | +72.6% |
| Tangible fixed assets | 22/27 | €92,427 | €159,484 | +€67,056 | +72.6% |
| Land and buildings | 22 | €69,784 | €69,784 | = | 0.0% |
| Other tangible fixed assets | 26 | €22,643 | €89,699 | +€67,056 | +296.1% |
| Current assets | 29/58 | €25,704 | €69,860 | +€44,155 | +171.8% |
| Amounts receivable within one year | 40/41 | - | €45,760 | +€45,760 | |
| Trade receivables | 40 | - | €45,698 | +€45,698 | |
| Other amounts receivable | 41 | - | €62 | +€62 | |
| Cash at bank and in hand | 54/58 | €25,704 | €24,100 | -€1,604 | -6.2% |
| Total equity and liabilities | 10/49 | €118,132 | €229,343 | +€111,212 | +94.1% |
| Equity | 10/15 | €62,406 | €86,629 | +€24,223 | +38.8% |
| Contributions | 10/11 | €6,630 | €6,630 | = | 0.0% |
| Capital | 10 | €6,630 | €6,630 | = | 0.0% |
| Issued capital | 100 | €6,630 | €6,630 | = | 0.0% |
| Reserves | 13 | €55,776 | €79,999 | +€24,223 | +43.4% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Legal reserve | 130 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €53,876 | €78,099 | +€24,223 | +45.0% |
| Amounts payable | 17/49 | €55,726 | €142,715 | +€86,989 | +156.1% |
| Amounts payable within one year | 42/48 | €54,704 | €142,715 | +€88,010 | +160.9% |
| Trade debts | 44 | €1,820 | €29,743 | +€27,923 | +1533.8% |
| Suppliers | 440/4 | €1,820 | €29,743 | +€27,923 | +1533.8% |
| Taxes, remuneration and social security | 45 | €2,784 | €2,974 | +€190 | +6.8% |
| Taxes | 450/3 | €2,784 | €2,974 | +€190 | +6.8% |
| Other amounts payable | 47/48 | €50,100 | €109,997 | +€59,897 | +119.6% |
| Accrued charges and deferred income | 492/3 | €1,021 | - | -€1,021 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €747 | €9,850 | +€9,104 | +1219.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,450 | - | -€11,450 | |
| Other operating charges | 640/8 | €2,674 | €799 | -€1,874 | -70.1% |
| Gross operating margin | 9900 | €6,609 | €40,451 | +€33,842 | +512.0% |
| Operating profit (loss) | 9901 | -€8,261 | €29,801 | +€38,063 | |
| Financial charges | 65/66B | €221 | €104 | -€117 | -52.8% |
| Recurring financial charges | 65 | €221 | €104 | -€117 | -52.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,482 | €29,697 | +€38,179 | |
| Income taxes | 67/77 | - | €5,474 | +€5,474 | |
| Profit (loss) for the period | 9904 | -€8,482 | €24,223 | +€32,705 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,482 | €24,223 | +€32,705 |
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 4 October 2026 via checked.be.