DAVID DE SCHINKEL: 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.
DAVID DE SCHINKEL
Largest movements
- Receivables within one year +€11,506
up €11,506 (+293%), from €3,933 to €15,439
of which Other amounts receivable: +€6,686
- Cash -€4,888
down €4,888 (-75.7%), from €6,457 to €1,569
mainly Receivables within one year (-€11,506) and Trade debts (-€6,837)
- Deferred charges and accrued income -€1,262
down €1,262 (-51.5%), from €2,452 to €1,190
- Tangible fixed assets -€274
down €274 (-68.8%), from €398 to €124
of which Plant, machinery and equipment: -€167
- Profit (loss) carried forward +€11,534
up €11,534, from -€5,677 to €5,857
- Trade debts -€6,837
down €6,837 (-56.5%), from €12,095 to €5,258
- Tax, wage and social debts +€385
up €385 (+10.1%), from €3,822 to €4,207
of which Taxes: +€385
- Gross operating margin +€21,106
up €21,106, from -€5,457 to €15,649
- Taxes +€2,407
new in 2025: €2,407
- Other operating charges +€918
up €918 (+481%), from €191 to €1,109
- Financial charges +€553
up €553 (+5,530,300%), from €0 to €553
- Depreciation +€222
up €222 (+429%), from €52 to €274
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 | €13,240 | €18,322 | +€5,082 | +38.4% |
| Fixed assets | 21/28 | €398 | €124 | -€274 | -68.8% |
| Tangible fixed assets | 22/27 | €398 | €124 | -€274 | -68.8% |
| Plant, machinery and equipment | 23 | €291 | €124 | -€167 | -57.3% |
| Furniture and vehicles | 24 | €108 | €0 | -€108 | -100% |
| Current assets | 29/58 | €12,842 | €18,198 | +€5,356 | +41.7% |
| Amounts receivable within one year | 40/41 | €3,933 | €15,439 | +€11,506 | +293% |
| Trade receivables | 40 | - | €4,820 | +€4,820 | |
| Other amounts receivable | 41 | €3,933 | €10,619 | +€6,686 | +170% |
| Cash at bank and in hand | 54/58 | €6,457 | €1,569 | -€4,888 | -75.7% |
| Deferred charges and accrued income | 490/1 | €2,452 | €1,190 | -€1,262 | -51.5% |
| Total equity and liabilities | 10/49 | €13,240 | €18,322 | +€5,082 | +38.4% |
| Equity | 10/15 | -€2,677 | €8,857 | +€11,534 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,677 | €5,857 | +€11,534 | |
| Amounts payable | 17/49 | €15,917 | €9,465 | -€6,452 | -40.5% |
| Amounts payable within one year | 42/48 | €15,917 | €9,465 | -€6,452 | -40.5% |
| Trade debts | 44 | €12,095 | €5,258 | -€6,837 | -56.5% |
| Suppliers | 440/4 | €12,095 | €5,258 | -€6,837 | -56.5% |
| Taxes, remuneration and social security | 45 | €3,822 | €4,207 | +€385 | +10.1% |
| Taxes | 450/3 | €2,022 | €2,407 | +€385 | +19.0% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52 | €274 | +€222 | +429% |
| Other operating charges | 640/8 | €191 | €1,109 | +€918 | +481% |
| Gross operating margin | 9900 | -€5,457 | €15,649 | +€21,106 | |
| Operating profit (loss) | 9901 | -€5,700 | €14,266 | +€19,965 | |
| Financial income | 75/76B | €23 | €229 | +€206 | +900% |
| Recurring financial income | 75 | €23 | €229 | +€206 | +900% |
| Financial charges | 65/66B | €0 | €553 | +€553 | +5,530,300% |
| Recurring financial charges | 65 | €0 | €553 | +€553 | +5,530,300% |
| Profit (loss) for the period before taxes | 9903 | -€5,677 | €13,941 | +€19,618 | |
| Income taxes | 67/77 | - | €2,407 | +€2,407 | |
| Profit (loss) for the period | 9904 | -€5,677 | €11,534 | +€17,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,677 | €11,534 | +€17,211 |
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.