CATHY SCHOELS: 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.
CATHY SCHOELS
Largest movements
- Tangible fixed assets -€26,553
down €26,553 (-16.1%), from €164,534 to €137,981
of which Land and buildings: -€25,908
- Receivables within one year -€23,284
down €23,284 (-91.7%), from €25,404 to €2,120
of which Trade receivables: -€22,576
- Cash +€21,312
up €21,312 (+65.3%), from €32,632 to €53,944
mainly Other debts (+€52,294) and Depreciation (+€26,862)
- Reserves -€67,675
down €67,675 (-67.0%), from €100,946 to €33,271
- Other debts +€52,294
up €52,294 (+90.2%), from €57,972 to €110,266
- Debts after one year -€23,756
no longer reported in 2025 (was €23,756)
- Profit (loss) carried forward +€7,295
up €7,295 (+1,229%), from €593 to €7,888
- Trade debts +€4,947
up €4,947 (+92.0%), from €5,377 to €10,324
- Gross operating margin -€3,854
down €3,854 (-8.7%), from €44,191 to €40,337
- Taxes -€1,203
down €1,203 (-18.8%), from €6,406 to €5,203
- Depreciation +€637
up €637 (+2.4%), from €26,224 to €26,862
- Financial charges -€591
down €591 (-39.6%), from €1,491 to €901
of which Non-recurring financial charges: -€391
- Financial income -€545
down €545 (-40.2%), from €1,357 to €812
of which Non-recurring financial income: -€585
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €231,434 | €202,357 | -€29,076 | -12.6% |
| Fixed assets | 21/28 | €169,116 | €142,953 | -€26,163 | -15.5% |
| Tangible fixed assets | 22/27 | €164,534 | €137,981 | -€26,553 | -16.1% |
| Land and buildings | 22 | €162,621 | €136,713 | -€25,908 | -15.9% |
| Furniture and vehicles | 24 | €1,913 | €1,268 | -€645 | -33.7% |
| Financial fixed assets | 28 | €4,581 | €4,972 | +€391 | +8.5% |
| Current assets | 29/58 | €62,318 | €59,405 | -€2,914 | -4.7% |
| Amounts receivable within one year | 40/41 | €25,404 | €2,120 | -€23,284 | -91.7% |
| Trade receivables | 40 | €24,696 | €2,120 | -€22,576 | -91.4% |
| Other amounts receivable | 41 | €708 | - | -€708 | |
| Cash at bank and in hand | 54/58 | €32,632 | €53,944 | +€21,312 | +65.3% |
| Deferred charges and accrued income | 490/1 | €4,281 | €3,340 | -€941 | -22.0% |
| Total equity and liabilities | 10/49 | €231,434 | €202,357 | -€29,076 | -12.6% |
| Equity | 10/15 | €107,739 | €47,359 | -€60,380 | -56.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,946 | €33,271 | -€67,675 | -67.0% |
| Distributable reserves | 133 | €100,946 | €33,271 | -€67,675 | -67.0% |
| Profit (loss) carried forward | 14 | €593 | €7,888 | +€7,295 | +1,229% |
| Amounts payable | 17/49 | €123,694 | €154,998 | +€31,304 | +25.3% |
| Amounts payable after more than one year | 17 | €23,756 | - | -€23,756 | |
| Financial debts | 170/4 | €23,756 | - | -€23,756 | |
| Amounts payable within one year | 42/48 | €99,263 | €154,998 | +€55,736 | +56.1% |
| Current portion of amounts payable after more than one year | 42 | €25,629 | €23,756 | -€1,873 | -7.3% |
| Trade debts | 44 | €5,377 | €10,324 | +€4,947 | +92.0% |
| Suppliers | 440/4 | €5,377 | €10,324 | +€4,947 | +92.0% |
| Taxes, remuneration and social security | 45 | €10,285 | €10,653 | +€368 | +3.6% |
| Taxes | 450/3 | €10,285 | €9,499 | -€787 | -7.6% |
| Remuneration and social security | 454/9 | - | €1,154 | +€1,154 | |
| Other amounts payable | 47/48 | €57,972 | €110,266 | +€52,294 | +90.2% |
| Accrued charges and deferred income | 492/3 | €676 | - | -€676 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,224 | €26,862 | +€637 | +2.4% |
| Other operating charges | 640/8 | €384 | €395 | +€11 | +2.7% |
| Non-recurring operating charges | 66A | €879 | €494 | -€385 | -43.8% |
| Gross operating margin | 9900 | €44,191 | €40,337 | -€3,854 | -8.7% |
| Operating profit (loss) | 9901 | €16,703 | €12,586 | -€4,117 | -24.6% |
| Financial income | 75/76B | €1,357 | €812 | -€545 | -40.2% |
| Recurring financial income | 75 | €382 | €421 | +€39 | +10.3% |
| Non-recurring financial income | 76B | €975 | €391 | -€585 | -60.0% |
| Financial charges | 65/66B | €1,491 | €901 | -€591 | -39.6% |
| Recurring financial charges | 65 | €1,101 | €901 | -€200 | -18.2% |
| Non-recurring financial charges | 66B | €391 | - | -€391 | |
| Profit (loss) for the period before taxes | 9903 | €16,569 | €12,498 | -€4,072 | -24.6% |
| Income taxes | 67/77 | €6,406 | €5,203 | -€1,203 | -18.8% |
| Profit (loss) for the period | 9904 | €10,163 | €7,295 | -€2,868 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,163 | €7,295 | -€2,868 | -28.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.