Dr. Bart Schrauwen: what changed
Dr. Bart Schrauwen
Largest movements
- Current investments -€111,205
down €111,205 (-69.0%), from €161,205 to €50,000
- Cash -€59,463
down €59,463 (-26.7%), from €222,907 to €163,444
mainly Contributions, distributions and other (-€308,500) and Other debts (-€40,441)
- Tangible fixed assets -€4,290
down €4,290 (-62.3%), from €6,883 to €2,593
of which Furniture and vehicles: -€3,723
- Reserves -€129,481
down €129,481 (-99.9%), from €129,551 to €69
- Other debts -€40,441
down €40,441 (-16.0%), from €252,941 to €212,500
- Trade debts -€10,486
down €10,486 (-89.4%), from €11,724 to €1,238
- Tax, wage and social debts +€4,994
new in 2025: €4,994
- Gross operating margin +€31,573
up €31,573 (+16.5%), from €191,401 to €222,974
- Financial income +€9,949
up €9,949 (+611%), from €1,629 to €11,578
- Taxes +€7,807
up €7,807 (+18.3%), from €42,673 to €50,481
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 | €395,715 | €220,301 | -€175,414 | -44.3% |
| Fixed assets | 21/28 | €6,883 | €2,593 | -€4,290 | -62.3% |
| Tangible fixed assets | 22/27 | €6,883 | €2,593 | -€4,290 | -62.3% |
| Furniture and vehicles | 24 | €4,449 | €726 | -€3,723 | -83.7% |
| Other tangible fixed assets | 26 | €2,434 | €1,867 | -€567 | -23.3% |
| Current assets | 29/58 | €388,832 | €217,708 | -€171,124 | -44.0% |
| Amounts receivable within one year | 40/41 | €3,812 | €3,415 | -€397 | -10.4% |
| Trade receivables | 40 | - | €600 | +€600 | |
| Other amounts receivable | 41 | €3,812 | €2,815 | -€997 | -26.1% |
| Current investments | 50/53 | €161,205 | €50,000 | -€111,205 | -69.0% |
| Cash at bank and in hand | 54/58 | €222,907 | €163,444 | -€59,463 | -26.7% |
| Deferred charges and accrued income | 490/1 | €908 | €849 | -€59 | -6.5% |
| Total equity and liabilities | 10/49 | €395,715 | €220,301 | -€175,414 | -44.3% |
| Equity | 10/15 | €131,051 | €1,569 | -€129,481 | -98.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €129,551 | €69 | -€129,481 | -99.9% |
| Distributable reserves | 133 | €129,551 | €69 | -€129,481 | -99.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €264,665 | €218,732 | -€45,933 | -17.4% |
| Amounts payable within one year | 42/48 | €264,665 | €218,732 | -€45,933 | -17.4% |
| Trade debts | 44 | €11,724 | €1,238 | -€10,486 | -89.4% |
| Suppliers | 440/4 | €11,724 | €1,238 | -€10,486 | -89.4% |
| Taxes, remuneration and social security | 45 | - | €4,994 | +€4,994 | |
| Taxes | 450/3 | - | €4,994 | +€4,994 | |
| Other amounts payable | 47/48 | €252,941 | €212,500 | -€40,441 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,798 | €4,290 | -€508 | -10.6% |
| Other operating charges | 640/8 | €575 | €655 | +€80 | +14.0% |
| Gross operating margin | 9900 | €191,401 | €222,974 | +€31,573 | +16.5% |
| Operating profit (loss) | 9901 | €186,029 | €218,029 | +€32,000 | +17.2% |
| Financial income | 75/76B | €1,629 | €11,578 | +€9,949 | +611% |
| Recurring financial income | 75 | €1,629 | €11,578 | +€9,949 | +611% |
| Financial charges | 65/66B | €70 | €108 | +€38 | +53.3% |
| Recurring financial charges | 65 | €70 | €108 | +€38 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €187,587 | €229,499 | +€41,912 | +22.3% |
| Income taxes | 67/77 | €42,673 | €50,481 | +€7,807 | +18.3% |
| Profit (loss) for the period | 9904 | €144,914 | €179,019 | +€34,105 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €144,914 | €179,019 | +€34,105 | +23.5% |
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 5 November 2026 via checked.be.