Het Verguld Schaap: 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.
Het Verguld Schaap
Largest movements
- Cash -€40,584
down €40,584 (-76.2%), from €53,233 to €12,649
mainly Net result for the year (-€44,429) and Other debts (-€6,157)
- Tangible fixed assets -€6,697
no longer reported in 2025 (was €6,697)
of which Furniture and vehicles: -€6,046
- Stocks and contracts -€1,982
no longer reported in 2025 (was €1,982)
- Profit (loss) carried forward -€44,429
down €44,429 (-27.7%), from -€160,299 to -€204,727
- Other debts -€6,157
down €6,157 (-9.4%), from €65,594 to €59,437
- Trade debts +€1,252
up €1,252 (+803%), from €156 to €1,407
- Gross operating margin +€7,805
up €7,805 (+16.0%), from -€48,800 to -€40,995
- Other operating charges +€2,440
up €2,440 (+657%), from €371 to €2,811
- Depreciation +€651
new in 2025: €651
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 | €62,004 | €12,669 | -€49,335 | -79.6% |
| Fixed assets | 21/28 | €6,697 | - | -€6,697 | |
| Tangible fixed assets | 22/27 | €6,697 | - | -€6,697 | |
| Plant, machinery and equipment | 23 | €651 | - | -€651 | |
| Furniture and vehicles | 24 | €6,046 | - | -€6,046 | |
| Current assets | 29/58 | €55,307 | €12,669 | -€42,637 | -77.1% |
| Stocks and contracts in progress | 3 | €1,982 | - | -€1,982 | |
| Stocks | 30/36 | €1,982 | - | -€1,982 | |
| Amounts receivable within one year | 40/41 | €92 | €20 | -€71 | -77.8% |
| Other amounts receivable | 41 | €92 | €20 | -€71 | -77.8% |
| Cash at bank and in hand | 54/58 | €53,233 | €12,649 | -€40,584 | -76.2% |
| Total equity and liabilities | 10/49 | €62,004 | €12,669 | -€49,335 | -79.6% |
| Equity | 10/15 | -€3,746 | -€48,175 | -€44,429 | -1,186% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €137,960 | €137,960 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,500 | €5,500 | = | 0.0% |
| Distributable reserves | 133 | €130,601 | €130,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€160,299 | -€204,727 | -€44,429 | -27.7% |
| Amounts payable | 17/49 | €65,750 | €60,844 | -€4,906 | -7.5% |
| Amounts payable within one year | 42/48 | €65,750 | €60,844 | -€4,906 | -7.5% |
| Trade debts | 44 | €156 | €1,407 | +€1,252 | +803% |
| Suppliers | 440/4 | €156 | €1,407 | +€1,252 | +803% |
| Other amounts payable | 47/48 | €65,594 | €59,437 | -€6,157 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €651 | +€651 | |
| Other operating charges | 640/8 | €371 | €2,811 | +€2,440 | +657% |
| Gross operating margin | 9900 | -€48,800 | -€40,995 | +€7,805 | +16.0% |
| Operating profit (loss) | 9901 | -€49,172 | -€44,457 | +€4,715 | +9.6% |
| Financial income | 75/76B | €27 | €275 | +€248 | +920% |
| Recurring financial income | 75 | €27 | €275 | +€248 | +920% |
| Financial charges | 65/66B | €122 | €247 | +€125 | +102% |
| Recurring financial charges | 65 | €122 | €247 | +€125 | +102% |
| Profit (loss) for the period before taxes | 9903 | -€49,267 | -€44,429 | +€4,838 | +9.8% |
| Profit (loss) for the period | 9904 | -€49,267 | -€44,429 | +€4,838 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,267 | -€44,429 | +€4,838 | +9.8% |
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 22 October 2026 via checked.be.