DR. E. SCHREURS: 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. E. SCHREURS
Largest movements
- Tangible fixed assets -€13,672
down €13,672 (-31.4%), from €43,491 to €29,819
of which Furniture and vehicles: -€13,262
- Receivables within one year +€4,128
up €4,128 (+22.5%), from €18,372 to €22,500
- Cash +€2,881
up €2,881 (+3.0%), from €95,059 to €97,939
mainly Net result for the year (+€23,734) and Depreciation (+€13,672)
- Tax, wage and social debts -€6,370
down €6,370 (-63.5%), from €10,034 to €3,664
of which Remuneration and social security: -€3,955
- Gross operating margin -€9,252
down €9,252 (-15.9%), from €58,063 to €48,811
- Taxes -€1,921
down €1,921 (-15.9%), from €12,101 to €10,180
- Depreciation -€1,794
down €1,794 (-11.6%), from €15,466 to €13,672
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 | €160,468 | €153,825 | -€6,643 | -4.1% |
| Fixed assets | 21/28 | €43,491 | €29,819 | -€13,672 | -31.4% |
| Tangible fixed assets | 22/27 | €43,491 | €29,819 | -€13,672 | -31.4% |
| Furniture and vehicles | 24 | €39,915 | €26,653 | -€13,262 | -33.2% |
| Other tangible fixed assets | 26 | €3,576 | €3,166 | -€410 | -11.5% |
| Current assets | 29/58 | €116,978 | €124,006 | +€7,029 | +6.0% |
| Amounts receivable within one year | 40/41 | €18,372 | €22,500 | +€4,128 | +22.5% |
| Other amounts receivable | 41 | €18,372 | €22,500 | +€4,128 | +22.5% |
| Current investments | 50/53 | €2,911 | €2,911 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €95,059 | €97,939 | +€2,881 | +3.0% |
| Deferred charges and accrued income | 490/1 | €636 | €656 | +€20 | +3.1% |
| Total equity and liabilities | 10/49 | €160,468 | €153,825 | -€6,643 | -4.1% |
| Equity | 10/15 | €147,648 | €147,887 | +€239 | +0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €140,590 | €140,830 | +€239 | +0.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,063 | €8,063 | = | 0.0% |
| Distributable reserves | 133 | €130,668 | €130,907 | +€239 | +0.2% |
| Profit (loss) carried forward | 14 | €857 | €857 | = | 0.0% |
| Amounts payable | 17/49 | €12,820 | €5,938 | -€6,882 | -53.7% |
| Amounts payable within one year | 42/48 | €12,820 | €5,938 | -€6,882 | -53.7% |
| Trade debts | 44 | - | €260 | +€260 | |
| Suppliers | 440/4 | - | €260 | +€260 | |
| Taxes, remuneration and social security | 45 | €10,034 | €3,664 | -€6,370 | -63.5% |
| Taxes | 450/3 | €6,079 | €3,664 | -€2,414 | -39.7% |
| Remuneration and social security | 454/9 | €3,955 | - | -€3,955 | |
| Other amounts payable | 47/48 | €2,787 | €2,014 | -€773 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,466 | €13,672 | -€1,794 | -11.6% |
| Other operating charges | 640/8 | €869 | €875 | +€6 | +0.7% |
| Gross operating margin | 9900 | €58,063 | €48,811 | -€9,252 | -15.9% |
| Operating profit (loss) | 9901 | €41,727 | €34,263 | -€7,464 | -17.9% |
| Financial income | 75/76B | €314 | €352 | +€38 | +12.1% |
| Recurring financial income | 75 | €314 | €352 | +€38 | +12.1% |
| Financial charges | 65/66B | €674 | €701 | +€27 | +4.0% |
| Recurring financial charges | 65 | €674 | €701 | +€27 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €41,367 | €33,914 | -€7,453 | -18.0% |
| Income taxes | 67/77 | €12,101 | €10,180 | -€1,921 | -15.9% |
| Profit (loss) for the period | 9904 | €29,267 | €23,734 | -€5,532 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,267 | €23,734 | -€5,532 | -18.9% |
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 15 October 2026 via checked.be.