DR NICOLAS DE SCHRYVER: 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 NICOLAS DE SCHRYVER
Largest movements
- Cash +€88,772
up €88,772 (+408%), from €21,756 to €110,528
mainly Net result for the year (+€105,054) and Receivables within one year (+€56,327)
- Receivables within one year -€56,327
down €56,327 (-76.3%), from €73,840 to €17,514
of which Other amounts receivable: -€30,445
- Intangible fixed assets -€44,000
down €44,000 (-33.3%), from €132,000 to €88,000
- Tangible fixed assets +€8,348
up €8,348 (+17.0%), from €49,221 to €57,569
of which Other tangible fixed assets: +€9,262
- Debts after one year -€35,044
down €35,044 (-30.3%), from €115,683 to €80,639
- Other debts +€29,515
up €29,515 (+27.8%), from €106,223 to €135,738
- Gross operating margin -€37,789
down €37,789 (-16.7%), from €225,784 to €187,995
- Financial charges -€35,857
down €35,857 (-94.9%), from €37,788 to €1,931
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 | €279,464 | €275,298 | -€4,166 | -1.5% |
| Fixed assets | 21/28 | €181,721 | €146,069 | -€35,652 | -19.6% |
| Intangible fixed assets | 21 | €132,000 | €88,000 | -€44,000 | -33.3% |
| Tangible fixed assets | 22/27 | €49,221 | €57,569 | +€8,348 | +17.0% |
| Plant, machinery and equipment | 23 | €2,758 | €2,225 | -€533 | -19.3% |
| Furniture and vehicles | 24 | €1,026 | €645 | -€381 | -37.1% |
| Other tangible fixed assets | 26 | €45,437 | €54,699 | +€9,262 | +20.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €97,743 | €129,229 | +€31,486 | +32.2% |
| Amounts receivable within one year | 40/41 | €73,840 | €17,514 | -€56,327 | -76.3% |
| Trade receivables | 40 | €42,446 | €16,565 | -€25,882 | -61.0% |
| Other amounts receivable | 41 | €31,394 | €949 | -€30,445 | -97.0% |
| Cash at bank and in hand | 54/58 | €21,756 | €110,528 | +€88,772 | +408% |
| Deferred charges and accrued income | 490/1 | €2,147 | €1,187 | -€960 | -44.7% |
| Total equity and liabilities | 10/49 | €279,464 | €275,298 | -€4,166 | -1.5% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €259,004 | €254,838 | -€4,166 | -1.6% |
| Amounts payable after more than one year | 17 | €115,683 | €80,639 | -€35,044 | -30.3% |
| Financial debts | 170/4 | €115,683 | €80,639 | -€35,044 | -30.3% |
| Amounts payable within one year | 42/48 | €143,321 | €174,199 | +€30,878 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €34,564 | €35,044 | +€480 | +1.4% |
| Trade debts | 44 | €94 | €1,020 | +€927 | +989% |
| Suppliers | 440/4 | €94 | €1,020 | +€927 | +989% |
| Taxes, remuneration and social security | 45 | €2,441 | €2,398 | -€43 | -1.8% |
| Taxes | 450/3 | €2,441 | €2,398 | -€43 | -1.8% |
| Other amounts payable | 47/48 | €106,223 | €135,738 | +€29,515 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,710 | €49,959 | -€751 | -1.5% |
| Other operating charges | 640/8 | €10 | - | -€10 | |
| Gross operating margin | 9900 | €225,784 | €187,995 | -€37,789 | -16.7% |
| Operating profit (loss) | 9901 | €175,064 | €138,036 | -€37,028 | -21.2% |
| Financial charges | 65/66B | €37,788 | €1,931 | -€35,857 | -94.9% |
| Recurring financial charges | 65 | €37,788 | €1,931 | -€35,857 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €137,276 | €136,105 | -€1,171 | -0.9% |
| Income taxes | 67/77 | €31,053 | €31,051 | -€2 | 0.0% |
| Profit (loss) for the period | 9904 | €106,223 | €105,054 | -€1,169 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €106,223 | €105,054 | -€1,169 | -1.1% |
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 1 November 2026 via checked.be.