Dr. Arne Schatteman: 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.
Dr. Arne Schatteman
Largest movements
- Cash +€33,444
up €33,444 (+102%), from €32,715 to €66,159
mainly Net result for the year (+€24,565) and Depreciation (+€11,431)
- Deferred charges and accrued income -€5,566
down €5,566 (-36.7%), from €15,179 to €9,612
- Tangible fixed assets -€5,193
down €5,193 (-11.2%), from €46,536 to €41,343
- Reserves +€24,565
up €24,565 (+85.8%), from €28,618 to €53,183
- Depreciation +€6,292
up €6,292 (+122%), from €5,139 to €11,431
- Gross operating margin +€1,681
up €1,681 (+4.0%), from €41,864 to €43,545
- Taxes -€918
down €918 (-12.0%), from €7,667 to €6,749
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 | €94,814 | €117,498 | +€22,684 | +23.9% |
| Fixed assets | 21/28 | €46,920 | €41,727 | -€5,193 | -11.1% |
| Tangible fixed assets | 22/27 | €46,536 | €41,343 | -€5,193 | -11.2% |
| Furniture and vehicles | 24 | €46,536 | €41,343 | -€5,193 | -11.2% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €47,894 | €75,772 | +€27,878 | +58.2% |
| Cash at bank and in hand | 54/58 | €32,715 | €66,159 | +€33,444 | +102% |
| Deferred charges and accrued income | 490/1 | €15,179 | €9,612 | -€5,566 | -36.7% |
| Total equity and liabilities | 10/49 | €94,814 | €117,498 | +€22,684 | +23.9% |
| Equity | 10/15 | €33,618 | €58,183 | +€24,565 | +73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,618 | €53,183 | +€24,565 | +85.8% |
| Distributable reserves | 133 | €28,618 | €53,183 | +€24,565 | +85.8% |
| Amounts payable | 17/49 | €61,196 | €59,315 | -€1,881 | -3.1% |
| Amounts payable within one year | 42/48 | €60,523 | €58,621 | -€1,902 | -3.1% |
| Trade debts | 44 | €1,703 | €1,202 | -€501 | -29.4% |
| Suppliers | 440/4 | €1,703 | €1,202 | -€501 | -29.4% |
| Taxes, remuneration and social security | 45 | €7,667 | €6,749 | -€918 | -12.0% |
| Taxes | 450/3 | €7,667 | €6,749 | -€918 | -12.0% |
| Other amounts payable | 47/48 | €51,154 | €50,670 | -€484 | -0.9% |
| Accrued charges and deferred income | 492/3 | €672 | €694 | +€22 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,139 | €11,431 | +€6,292 | +122% |
| Other operating charges | 640/8 | €437 | €688 | +€251 | +57.3% |
| Gross operating margin | 9900 | €41,864 | €43,545 | +€1,681 | +4.0% |
| Operating profit (loss) | 9901 | €36,288 | €31,427 | -€4,861 | -13.4% |
| Financial charges | 65/66B | €3 | €113 | +€110 | +4,400% |
| Recurring financial charges | 65 | €3 | €113 | +€110 | +4,400% |
| Profit (loss) for the period before taxes | 9903 | €36,285 | €31,314 | -€4,971 | -13.7% |
| Income taxes | 67/77 | €7,667 | €6,749 | -€918 | -12.0% |
| Profit (loss) for the period | 9904 | €28,618 | €24,565 | -€4,053 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,618 | €24,565 | -€4,053 | -14.2% |
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 28 October 2026 via checked.be.