Dr. Bernard Schockaert: 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. Bernard Schockaert
Largest movements
- Deferred charges and accrued income +€184,391
up €184,391 (+472%), from €39,082 to €223,473
- Current investments -€180,000
down €180,000 (-100%), from €180,000 to €0
- Receivables within one year +€43,230
up €43,230 (+2,443%), from €1,770 to €45,000
- Cash -€41,431
down €41,431 (-68.6%), from €60,384 to €18,953
mainly Contributions, distributions and other (-€464,296) and Deferred charges and accrued income (-€184,391)
- Tangible fixed assets +€17,038
up €17,038 (+69.3%), from €24,576 to €41,615
of which Other tangible fixed assets: +€23,255
- Tax, wage and social debts +€26,266
up €26,266 (+1,559%), from €1,685 to €27,951
of which Taxes: +€25,498
- Current portion of long-term debt -€8,312
down €8,312 (-74.8%), from €11,110 to €2,798
- Trade debts +€4,393
up €4,393 (+446%), from €985 to €5,378
- Gross operating margin +€302,288
up €302,288 (+93.4%), from €323,519 to €625,806
- Taxes +€75,619
up €75,619 (+101%), from €75,167 to €150,786
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 | €309,956 | €329,974 | +€20,018 | +6.5% |
| Fixed assets | 21/28 | €25,509 | €42,548 | +€17,038 | +66.8% |
| Tangible fixed assets | 22/27 | €24,576 | €41,615 | +€17,038 | +69.3% |
| Plant, machinery and equipment | 23 | - | €3,557 | +€3,557 | |
| Furniture and vehicles | 24 | €1,624 | €1,820 | +€196 | +12.1% |
| Leasing and similar rights | 25 | €22,952 | €12,982 | -€9,970 | -43.4% |
| Other tangible fixed assets | 26 | - | €23,255 | +€23,255 | |
| Financial fixed assets | 28 | €933 | €933 | = | 0.0% |
| Current assets | 29/58 | €284,446 | €287,426 | +€2,980 | +1.0% |
| Amounts receivable after more than one year | 29 | €3,210 | €0 | -€3,210 | -100% |
| Other amounts receivable | 291 | €3,210 | €0 | -€3,210 | -100% |
| Amounts receivable within one year | 40/41 | €1,770 | €45,000 | +€43,230 | +2,443% |
| Other amounts receivable | 41 | €1,770 | €45,000 | +€43,230 | +2,443% |
| Current investments | 50/53 | €180,000 | €0 | -€180,000 | -100% |
| Cash at bank and in hand | 54/58 | €60,384 | €18,953 | -€41,431 | -68.6% |
| Deferred charges and accrued income | 490/1 | €39,082 | €223,473 | +€184,391 | +472% |
| Total equity and liabilities | 10/49 | €309,956 | €329,974 | +€20,018 | +6.5% |
| Equity | 10/15 | €48,894 | €48,894 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,894 | €46,894 | = | 0.0% |
| Distributable reserves | 133 | €46,894 | €46,894 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €261,062 | €281,079 | +€20,018 | +7.7% |
| Amounts payable after more than one year | 17 | €4,792 | €1,994 | -€2,798 | -58.4% |
| Financial debts | 170/4 | €4,792 | €1,994 | -€2,798 | -58.4% |
| Amounts payable within one year | 42/48 | €255,310 | €279,085 | +€23,776 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €11,110 | €2,798 | -€8,312 | -74.8% |
| Trade debts | 44 | €985 | €5,378 | +€4,393 | +446% |
| Suppliers | 440/4 | €985 | €5,378 | +€4,393 | +446% |
| Taxes, remuneration and social security | 45 | €1,685 | €27,951 | +€26,266 | +1,559% |
| Taxes | 450/3 | €255 | €25,753 | +€25,498 | +9,985% |
| Remuneration and social security | 454/9 | €1,430 | €2,198 | +€768 | +53.7% |
| Other amounts payable | 47/48 | €241,530 | €242,958 | +€1,428 | +0.6% |
| Accrued charges and deferred income | 492/3 | €960 | €0 | -€960 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,343 | €11,943 | +€600 | +5.3% |
| Other operating charges | 640/8 | €2,882 | €2,911 | +€29 | +1.0% |
| Non-recurring operating charges | 66A | €315 | €0 | -€315 | -100% |
| Gross operating margin | 9900 | €323,519 | €625,806 | +€302,288 | +93.4% |
| Operating profit (loss) | 9901 | €308,979 | €610,953 | +€301,974 | +97.7% |
| Financial income | 75/76B | €7,099 | €4,400 | -€2,698 | -38.0% |
| Recurring financial income | 75 | €7,099 | €4,400 | -€2,698 | -38.0% |
| Financial charges | 65/66B | €427 | €272 | -€155 | -36.4% |
| Recurring financial charges | 65 | €427 | €272 | -€155 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €315,650 | €615,081 | +€299,431 | +94.9% |
| Income taxes | 67/77 | €75,167 | €150,786 | +€75,619 | +101% |
| Profit (loss) for the period | 9904 | €240,483 | €464,296 | +€223,812 | +93.1% |
| Profit (loss) for the period to be appropriated | 9905 | €240,483 | €464,296 | +€223,812 | +93.1% |
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 26 October 2026 via checked.be.