Chantal Schapendonk: 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.
Chantal Schapendonk
Largest movements
- Tangible fixed assets -€23,991
down €23,991 (-3.0%), from €812,422 to €788,431
of which Land and buildings: -€23,159
- Debts after one year -€22,367
down €22,367 (-19.8%), from €112,738 to €90,371
- Other debts +€18,164
up €18,164 (+10.0%), from €181,685 to €199,850
- Profit (loss) carried forward +€13,945
up €13,945 (+7.0%), from -€199,334 to -€185,388
- Reserves -€13,667
down €13,667 (-2.6%), from €534,312 to €520,645
of which Tax-exempt reserves: -€13,667
- Trade debts -€13,555
down €13,555 (-80.0%), from €16,944 to €3,389
- Gross operating margin -€8,256
down €8,256 (-13.9%), from €59,226 to €50,970
- Other operating charges +€2,820
up €2,820 (+124%), from €2,282 to €5,102
- Staff costs +€1,897
up €1,897 (+1,976%), from €96 to €1,993
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 | €848,878 | €816,959 | -€31,919 | -3.8% |
| Fixed assets | 21/28 | €812,422 | €788,431 | -€23,991 | -3.0% |
| Tangible fixed assets | 22/27 | €812,422 | €788,431 | -€23,991 | -3.0% |
| Land and buildings | 22 | €808,486 | €785,328 | -€23,159 | -2.9% |
| Plant, machinery and equipment | 23 | €360 | €1,400 | +€1,040 | +289% |
| Furniture and vehicles | 24 | €3,576 | €1,703 | -€1,873 | -52.4% |
| Current assets | 29/58 | €36,456 | €28,528 | -€7,928 | -21.7% |
| Cash at bank and in hand | 54/58 | €34,496 | €26,567 | -€7,928 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,960 | €1,960 | = | 0.0% |
| Total equity and liabilities | 10/49 | €848,878 | €816,959 | -€31,919 | -3.8% |
| Equity | 10/15 | €409,360 | €409,639 | +€279 | +0.1% |
| Contributions | 10/11 | €74,382 | €74,382 | = | 0.0% |
| Reserves | 13 | €534,312 | €520,645 | -€13,667 | -2.6% |
| Tax-exempt reserves | 132 | €287,000 | €273,334 | -€13,667 | -4.8% |
| Distributable reserves | 133 | €247,311 | €247,311 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€199,334 | -€185,388 | +€13,945 | +7.0% |
| Provisions and deferred taxes | 16 | €95,667 | €91,111 | -€4,556 | -4.8% |
| Deferred taxes | 168 | €95,667 | €91,111 | -€4,556 | -4.8% |
| Amounts payable | 17/49 | €343,852 | €316,209 | -€27,643 | -8.0% |
| Amounts payable after more than one year | 17 | €112,738 | €90,371 | -€22,367 | -19.8% |
| Financial debts | 170/4 | €112,738 | €90,371 | -€22,367 | -19.8% |
| Amounts payable within one year | 42/48 | €231,114 | €225,838 | -€5,276 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €32,485 | €22,600 | -€9,885 | -30.4% |
| Trade debts | 44 | €16,944 | €3,389 | -€13,555 | -80.0% |
| Suppliers | 440/4 | €16,944 | €3,389 | -€13,555 | -80.0% |
| Other amounts payable | 47/48 | €181,685 | €199,850 | +€18,164 | +10.0% |
| Remuneration, social security and pensions | 62 | €96 | €1,993 | +€1,897 | +1,976% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,338 | €45,431 | +€93 | +0.2% |
| Other operating charges | 640/8 | €2,282 | €5,102 | +€2,820 | +124% |
| Gross operating margin | 9900 | €59,226 | €50,970 | -€8,256 | -13.9% |
| Operating profit (loss) | 9901 | €11,510 | -€1,556 | -€13,066 | |
| Financial charges | 65/66B | €2,381 | €2,721 | +€341 | +14.3% |
| Recurring financial charges | 65 | €2,381 | €2,721 | +€341 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €9,130 | -€4,277 | -€13,406 | |
| Transfer from deferred taxes | 780 | €4,556 | €4,556 | = | 0.0% |
| Profit (loss) for the period | 9904 | €13,685 | €279 | -€13,406 | -98.0% |
| Transfer from tax-exempt reserves | 789 | €13,667 | €13,667 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,352 | €13,945 | -€13,406 | -49.0% |
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 29 October 2026 via checked.be.