DR. S. SCHIETTEKATTE: 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. S. SCHIETTEKATTE
Largest movements
- Cash +€364,961
up €364,961 (+1,418%), from €25,746 to €390,706
mainly Net result for the year (+€434,663) and Tax, wage and social debts (+€90,474)
- Receivables within one year +€159,160
up €159,160 (+85.6%), from €185,970 to €345,130
of which Other amounts receivable: +€115,478
- Tangible fixed assets +€71,479
up €71,479 (+354%), from €20,186 to €91,665
of which Furniture and vehicles: +€73,755
- Profit (loss) carried forward +€481,095
up €481,095 (+331%), from €145,498 to €626,593
- Tax, wage and social debts +€90,474
up €90,474 (+306%), from €29,562 to €120,036
- Debts after one year +€50,456
new in 2025: €50,456
- Reserves -€46,432
down €46,432 (-100%), from €46,432 to €0
- Current portion of long-term debt +€16,442
new in 2025: €16,442
- Gross operating margin +€390,619
up €390,619 (+200%), from €195,625 to €586,244
- Taxes +€95,912
up €95,912 (+215%), from €44,562 to €140,474
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 | €234,865 | €831,934 | +€597,069 | +254% |
| Fixed assets | 21/28 | €20,186 | €91,665 | +€71,479 | +354% |
| Tangible fixed assets | 22/27 | €20,186 | €91,665 | +€71,479 | +354% |
| Plant, machinery and equipment | 23 | €6,637 | €4,361 | -€2,276 | -34.3% |
| Furniture and vehicles | 24 | €13,550 | €87,305 | +€73,755 | +544% |
| Current assets | 29/58 | €214,679 | €740,268 | +€525,590 | +245% |
| Amounts receivable within one year | 40/41 | €185,970 | €345,130 | +€159,160 | +85.6% |
| Trade receivables | 40 | €177,315 | €220,997 | +€43,682 | +24.6% |
| Other amounts receivable | 41 | €8,655 | €124,133 | +€115,478 | +1,334% |
| Cash at bank and in hand | 54/58 | €25,746 | €390,706 | +€364,961 | +1,418% |
| Deferred charges and accrued income | 490/1 | €2,963 | €4,432 | +€1,469 | +49.6% |
| Total equity and liabilities | 10/49 | €234,865 | €831,934 | +€597,069 | +254% |
| Equity | 10/15 | €193,930 | €628,593 | +€434,663 | +224% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €46,432 | €0 | -€46,432 | -100% |
| Distributable reserves | 133 | €46,432 | €0 | -€46,432 | -100% |
| Profit (loss) carried forward | 14 | €145,498 | €626,593 | +€481,095 | +331% |
| Amounts payable | 17/49 | €40,935 | €203,340 | +€162,405 | +397% |
| Amounts payable after more than one year | 17 | - | €50,456 | +€50,456 | |
| Financial debts | 170/4 | - | €50,456 | +€50,456 | |
| Amounts payable within one year | 42/48 | €40,935 | €152,884 | +€111,949 | +273% |
| Current portion of amounts payable after more than one year | 42 | - | €16,442 | +€16,442 | |
| Trade debts | 44 | €10,540 | €16,406 | +€5,866 | +55.7% |
| Suppliers | 440/4 | €10,540 | €16,406 | +€5,866 | +55.7% |
| Taxes, remuneration and social security | 45 | €29,562 | €120,036 | +€90,474 | +306% |
| Taxes | 450/3 | €29,562 | €120,036 | +€90,474 | +306% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €9,712 | +€5,402 | +125% |
| Other operating charges | 640/8 | €440 | €241 | -€199 | -45.3% |
| Non-recurring operating charges | 66A | - | €2,409 | +€2,409 | |
| Gross operating margin | 9900 | €195,625 | €586,244 | +€390,619 | +200% |
| Operating profit (loss) | 9901 | €190,876 | €573,883 | +€383,007 | +201% |
| Financial income | 75/76B | €61 | €1,425 | +€1,363 | +2,234% |
| Recurring financial income | 75 | €61 | €1,425 | +€1,363 | +2,234% |
| Financial charges | 65/66B | €44 | €170 | +€127 | +291% |
| Recurring financial charges | 65 | €44 | €170 | +€127 | +291% |
| Profit (loss) for the period before taxes | 9903 | €190,893 | €575,137 | +€384,244 | +201% |
| Income taxes | 67/77 | €44,562 | €140,474 | +€95,912 | +215% |
| Profit (loss) for the period | 9904 | €146,331 | €434,663 | +€288,332 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €146,331 | €434,663 | +€288,332 | +197% |
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 18 October 2026 via checked.be.