Dr. M. Schroyen: 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. M. Schroyen
Largest movements
- Cash +€38,787
up €38,787 (+9.1%), from €427,732 to €466,519
mainly Net result for the year (+€156,605) and Depreciation (+€26,960)
- Tangible fixed assets +€34,826
up €34,826 (+27.7%), from €125,710 to €160,536
of which Land and buildings: +€34,353
- Receivables within one year +€25,000
up €25,000 (+14.2%), from €176,000 to €201,000
of which Other amounts receivable: +€25,000
- Reserves +€144,790
up €144,790 (+23.0%), from €629,170 to €773,960
of which Distributable reserves: +€144,790
- Tax, wage and social debts -€29,706
down €29,706 (-68.2%), from €43,561 to €13,855
of which Taxes: -€29,972
- Debts after one year -€12,666
down €12,666 (-45.0%), from €28,148 to €15,482
- Accrued charges and deferred income -€10,083
down €10,083 (-63.1%), from €15,976 to €5,893
- Gross operating margin +€43,410
up €43,410 (+20.3%), from €213,965 to €257,375
- Taxes +€4,793
up €4,793 (+8.7%), from €55,256 to €60,048
- Depreciation +€4,519
up €4,519 (+20.1%), from €22,441 to €26,960
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 | €879,824 | €977,606 | +€97,782 | +11.1% |
| Fixed assets | 21/28 | €125,710 | €160,536 | +€34,826 | +27.7% |
| Tangible fixed assets | 22/27 | €125,710 | €160,536 | +€34,826 | +27.7% |
| Land and buildings | 22 | €65,177 | €99,530 | +€34,353 | +52.7% |
| Plant, machinery and equipment | 23 | €3,695 | €13,092 | +€9,397 | +254% |
| Furniture and vehicles | 24 | €56,838 | €47,914 | -€8,924 | -15.7% |
| Current assets | 29/58 | €754,115 | €817,070 | +€62,956 | +8.3% |
| Amounts receivable within one year | 40/41 | €176,000 | €201,000 | +€25,000 | +14.2% |
| Trade receivables | 40 | €1,000 | €1,000 | = | 0.0% |
| Other amounts receivable | 41 | €175,000 | €200,000 | +€25,000 | +14.3% |
| Current investments | 50/53 | €141,731 | €141,731 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €427,732 | €466,519 | +€38,787 | +9.1% |
| Deferred charges and accrued income | 490/1 | €8,652 | €7,821 | -€831 | -9.6% |
| Total equity and liabilities | 10/49 | €879,824 | €977,606 | +€97,782 | +11.1% |
| Equity | 10/15 | €711,630 | €856,420 | +€144,790 | +20.3% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €629,170 | €773,960 | +€144,790 | +23.0% |
| Non-distributable reserves | 130/1 | €18,500 | €18,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €18,500 | €18,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,441 | €21,441 | = | 0.0% |
| Distributable reserves | 133 | €589,230 | €734,020 | +€144,790 | +24.6% |
| Profit (loss) carried forward | 14 | €32,881 | €32,881 | = | 0.0% |
| Amounts payable | 17/49 | €168,195 | €121,186 | -€47,008 | -27.9% |
| Amounts payable after more than one year | 17 | €28,148 | €15,482 | -€12,666 | -45.0% |
| Financial debts | 170/4 | €28,148 | €15,482 | -€12,666 | -45.0% |
| Amounts payable within one year | 42/48 | €124,070 | €99,811 | -€24,260 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €12,133 | €12,666 | +€533 | +4.4% |
| Trade debts | 44 | €65,301 | €71,390 | +€6,089 | +9.3% |
| Suppliers | 440/4 | €65,301 | €71,390 | +€6,089 | +9.3% |
| Taxes, remuneration and social security | 45 | €43,561 | €13,855 | -€29,706 | -68.2% |
| Taxes | 450/3 | €33,012 | €3,040 | -€29,972 | -90.8% |
| Remuneration and social security | 454/9 | €10,549 | €10,815 | +€266 | +2.5% |
| Other amounts payable | 47/48 | €3,075 | €1,899 | -€1,176 | -38.2% |
| Accrued charges and deferred income | 492/3 | €15,976 | €5,893 | -€10,083 | -63.1% |
| Remuneration, social security and pensions | 62 | €34,183 | €35,069 | +€886 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,441 | €26,960 | +€4,519 | +20.1% |
| Other operating charges | 640/8 | €3,678 | €6,064 | +€2,386 | +64.9% |
| Gross operating margin | 9900 | €213,965 | €257,375 | +€43,410 | +20.3% |
| Operating profit (loss) | 9901 | €153,663 | €189,282 | +€35,619 | +23.2% |
| Financial income | 75/76B | €31,502 | €29,182 | -€2,320 | -7.4% |
| Recurring financial income | 75 | €31,502 | €29,182 | -€2,320 | -7.4% |
| Financial charges | 65/66B | €1,923 | €1,811 | -€113 | -5.8% |
| Recurring financial charges | 65 | €1,923 | €1,811 | -€113 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €183,242 | €216,654 | +€33,412 | +18.2% |
| Income taxes | 67/77 | €55,256 | €60,048 | +€4,793 | +8.7% |
| Profit (loss) for the period | 9904 | €127,986 | €156,605 | +€28,619 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €127,986 | €156,605 | +€28,619 | +22.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.