DR. I. SCHOONHEERE: 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. I. SCHOONHEERE
Largest movements
- Cash +€176,503
up €176,503 (+274%), from €64,307 to €240,810
mainly Current investments (+€97,504) and Net result for the year (+€71,798)
- Current investments -€97,504
down €97,504 (-95.0%), from €102,618 to €5,114
- Receivables within one year -€14,694
no longer reported in 2025 (was €14,694)
of which Trade receivables: -€8,704
- Receivables after one year +€5,000
up €5,000 (+100%), from €5,000 to €10,000
- Reserves +€71,798
up €71,798 (+44.2%), from €162,381 to €234,180
- Tax, wage and social debts -€3,235
down €3,235 (-14.9%), from €21,766 to €18,531
- Gross operating margin -€11,884
down €11,884 (-11.3%), from €104,896 to €93,012
- Taxes -€2,954
down €2,954 (-13.4%), from €22,079 to €19,125
- Financial income +€1,092
up €1,092 (+93.2%), from €1,172 to €2,264
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 | €191,172 | €260,412 | +€69,240 | +36.2% |
| Fixed assets | 21/28 | €4,071 | €4,488 | +€417 | +10.2% |
| Tangible fixed assets | 22/27 | €4,071 | €4,488 | +€417 | +10.2% |
| Plant, machinery and equipment | 23 | €1,374 | €2,614 | +€1,241 | +90.3% |
| Furniture and vehicles | 24 | €2,697 | €1,873 | -€824 | -30.5% |
| Current assets | 29/58 | €187,101 | €255,924 | +€68,823 | +36.8% |
| Amounts receivable after more than one year | 29 | €5,000 | €10,000 | +€5,000 | +100% |
| Other amounts receivable | 291 | €5,000 | €10,000 | +€5,000 | +100% |
| Amounts receivable within one year | 40/41 | €14,694 | - | -€14,694 | |
| Trade receivables | 40 | €8,704 | - | -€8,704 | |
| Other amounts receivable | 41 | €5,990 | - | -€5,990 | |
| Current investments | 50/53 | €102,618 | €5,114 | -€97,504 | -95.0% |
| Cash at bank and in hand | 54/58 | €64,307 | €240,810 | +€176,503 | +274% |
| Deferred charges and accrued income | 490/1 | €481 | - | -€481 | |
| Total equity and liabilities | 10/49 | €191,172 | €260,412 | +€69,240 | +36.2% |
| Equity | 10/15 | €167,381 | €239,180 | +€71,798 | +42.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €162,381 | €234,180 | +€71,798 | +44.2% |
| Distributable reserves | 133 | €162,381 | €234,180 | +€71,798 | +44.2% |
| Amounts payable | 17/49 | €23,790 | €21,232 | -€2,558 | -10.8% |
| Amounts payable within one year | 42/48 | €23,790 | €21,232 | -€2,558 | -10.8% |
| Taxes, remuneration and social security | 45 | €21,766 | €18,531 | -€3,235 | -14.9% |
| Taxes | 450/3 | €21,766 | €18,531 | -€3,235 | -14.9% |
| Other amounts payable | 47/48 | €2,024 | €2,701 | +€677 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,366 | €1,824 | +€458 | +33.5% |
| Other operating charges | 640/8 | €1,843 | €1,684 | -€159 | -8.6% |
| Gross operating margin | 9900 | €104,896 | €93,012 | -€11,884 | -11.3% |
| Operating profit (loss) | 9901 | €101,687 | €89,504 | -€12,183 | -12.0% |
| Financial income | 75/76B | €1,172 | €2,264 | +€1,092 | +93.2% |
| Recurring financial income | 75 | €1,172 | €2,264 | +€1,092 | +93.2% |
| Financial charges | 65/66B | €488 | €844 | +€357 | +73.2% |
| Recurring financial charges | 65 | €488 | €844 | +€357 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | €102,371 | €90,923 | -€11,448 | -11.2% |
| Income taxes | 67/77 | €22,079 | €19,125 | -€2,954 | -13.4% |
| Profit (loss) for the period | 9904 | €80,292 | €71,798 | -€8,494 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €80,292 | €71,798 | -€8,494 | -10.6% |
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 29 October 2026 via checked.be.