David Schelstraete: what changed
David Schelstraete
Largest movements
- Cash +€28,237
up €28,237 (+114%), from €24,839 to €53,076
mainly Net result for the year (+€24,861) and Tax, wage and social debts (+€2,402)
- Receivables within one year +€2,522
up €2,522 (+40.6%), from €6,204 to €8,726
of which Trade receivables: +€2,512
- Tangible fixed assets -€833
down €833 (-37.3%), from €2,232 to €1,399
- Reserves +€24,861
up €24,861 (+105%), from €23,787 to €48,648
- Tax, wage and social debts +€2,402
up €2,402 (+39.9%), from €6,018 to €8,420
of which Taxes: +€2,402
- Other debts +€2,120
up €2,120 (+165%), from €1,287 to €3,407
- Gross operating margin +€13,768
up €13,768 (+64.2%), from €21,449 to €35,217
- Taxes +€4,903
up €4,903 (+118%), from €4,162 to €9,065
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €33,274 | €63,201 | +€29,926 | +89.9% |
| Fixed assets | 21/28 | €2,232 | €1,399 | -€833 | -37.3% |
| Tangible fixed assets | 22/27 | €2,232 | €1,399 | -€833 | -37.3% |
| Plant, machinery and equipment | 23 | €2,232 | €1,399 | -€833 | -37.3% |
| Current assets | 29/58 | €31,042 | €61,801 | +€30,759 | +99.1% |
| Amounts receivable within one year | 40/41 | €6,204 | €8,726 | +€2,522 | +40.6% |
| Trade receivables | 40 | €6,204 | €8,716 | +€2,512 | +40.5% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €24,839 | €53,076 | +€28,237 | +114% |
| Total equity and liabilities | 10/49 | €33,274 | €63,201 | +€29,926 | +89.9% |
| Equity | 10/15 | €24,787 | €49,648 | +€24,861 | +100% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,787 | €48,648 | +€24,861 | +105% |
| Distributable reserves | 133 | €23,787 | €48,648 | +€24,861 | +105% |
| Amounts payable | 17/49 | €8,487 | €13,553 | +€5,066 | +59.7% |
| Amounts payable within one year | 42/48 | €8,487 | €13,553 | +€5,066 | +59.7% |
| Trade debts | 44 | €1,181 | €1,726 | +€544 | +46.1% |
| Suppliers | 440/4 | €1,181 | €1,726 | +€544 | +46.1% |
| Taxes, remuneration and social security | 45 | €6,018 | €8,420 | +€2,402 | +39.9% |
| Taxes | 450/3 | €6,018 | €8,420 | +€2,402 | +39.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,287 | €3,407 | +€2,120 | +165% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €833 | €833 | -€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €21,449 | €35,217 | +€13,768 | +64.2% |
| Operating profit (loss) | 9901 | €20,229 | €33,985 | +€13,756 | +68.0% |
| Financial charges | 65/66B | €66 | €60 | -€6 | -9.3% |
| Recurring financial charges | 65 | €66 | €60 | -€6 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €20,164 | €33,925 | +€13,762 | +68.2% |
| Income taxes | 67/77 | €4,162 | €9,065 | +€4,903 | +118% |
| Profit (loss) for the period | 9904 | €16,002 | €24,861 | +€8,859 | +55.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,002 | €24,861 | +€8,859 | +55.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.