Dr. Robin Schins: 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. Robin Schins
Largest movements
- Cash +€180,638
up €180,638 (+1,706%), from €10,590 to €191,227
mainly Net result for the year (+€314,615) and Tax, wage and social debts (+€77,342)
- Financial fixed assets +€176,293
up €176,293 (+2,843%), from €6,200 to €182,493
- Deferred charges and accrued income +€58,890
up €58,890 (+314%), from €18,780 to €77,670
- Current investments +€5,875
up €5,875 (+600%), from €979 to €6,854
- Profit (loss) carried forward +€314,115
up €314,115 (+1,233%), from €25,486 to €339,600
- Tax, wage and social debts +€77,342
up €77,342 (+1,162%), from €6,656 to €83,997
- Other debts +€29,181
up €29,181 (+462%), from €6,319 to €35,500
- Gross operating margin +€303,539
up €303,539 (+913%), from €33,260 to €336,799
- Taxes +€77,389
up €77,389 (+1,169%), from €6,618 to €84,007
- Financial income +€66,326
new in 2025: €66,326
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 | €43,533 | €464,135 | +€420,602 | +966% |
| Fixed assets | 21/28 | €13,184 | €185,477 | +€172,293 | +1,307% |
| Tangible fixed assets | 22/27 | €6,984 | €2,984 | -€4,000 | -57.3% |
| Furniture and vehicles | 24 | €6,984 | €2,984 | -€4,000 | -57.3% |
| Financial fixed assets | 28 | €6,200 | €182,493 | +€176,293 | +2,843% |
| Current assets | 29/58 | €30,349 | €278,658 | +€248,309 | +818% |
| Amounts receivable within one year | 40/41 | €0 | €2,907 | +€2,907 | |
| Trade receivables | 40 | - | €192 | +€192 | |
| Other amounts receivable | 41 | €0 | €2,715 | +€2,715 | |
| Current investments | 50/53 | €979 | €6,854 | +€5,875 | +600% |
| Cash at bank and in hand | 54/58 | €10,590 | €191,227 | +€180,638 | +1,706% |
| Deferred charges and accrued income | 490/1 | €18,780 | €77,670 | +€58,890 | +314% |
| Total equity and liabilities | 10/49 | €43,533 | €464,135 | +€420,602 | +966% |
| Equity | 10/15 | €30,486 | €344,600 | +€314,115 | +1,030% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,486 | €339,600 | +€314,115 | +1,233% |
| Amounts payable | 17/49 | €13,047 | €119,534 | +€106,487 | +816% |
| Amounts payable within one year | 42/48 | €12,999 | €119,534 | +€106,535 | +820% |
| Trade debts | 44 | €24 | €37 | +€13 | +54.2% |
| Suppliers | 440/4 | €24 | €37 | +€13 | +54.2% |
| Taxes, remuneration and social security | 45 | €6,656 | €83,997 | +€77,342 | +1,162% |
| Taxes | 450/3 | €6,656 | €83,997 | +€77,342 | +1,162% |
| Other amounts payable | 47/48 | €6,319 | €35,500 | +€29,181 | +462% |
| Accrued charges and deferred income | 492/3 | €48 | €0 | -€48 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,016 | €4,000 | +€2,984 | +294% |
| Other operating charges | 640/8 | €100 | €281 | +€181 | +181% |
| Gross operating margin | 9900 | €33,260 | €336,799 | +€303,539 | +913% |
| Operating profit (loss) | 9901 | €32,143 | €332,518 | +€300,374 | +934% |
| Financial income | 75/76B | - | €66,326 | +€66,326 | |
| Recurring financial income | 75 | - | €66,326 | +€66,326 | |
| Financial charges | 65/66B | €40 | €221 | +€182 | +459% |
| Recurring financial charges | 65 | €40 | €221 | +€182 | +459% |
| Profit (loss) for the period before taxes | 9903 | €32,104 | €398,622 | +€366,518 | +1,142% |
| Income taxes | 67/77 | €6,618 | €84,007 | +€77,389 | +1,169% |
| Profit (loss) for the period | 9904 | €25,486 | €314,615 | +€289,129 | +1,134% |
| Profit (loss) for the period to be appropriated | 9905 | €25,486 | €314,615 | +€289,129 | +1,134% |
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 21 October 2026 via checked.be.