ILSE SCHOOFS: 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.
ILSE SCHOOFS
Largest movements
- Current investments +€101,000
new in 2025: €101,000
- Cash -€45,208
down €45,208 (-24.3%), from €186,059 to €140,851
mainly Current investments (-€101,000) and Investment in fixed assets (net) (-€36,364)
- Tangible fixed assets +€31,317
up €31,317 (+19,106%), from €164 to €31,481
- Receivables within one year -€24,871
down €24,871 (-77.3%), from €32,187 to €7,316
- Reserves +€29,017
up €29,017 (+15.7%), from €184,604 to €213,621
- Debts after one year +€23,887
new in 2025: €23,887
- Current portion of long-term debt +€7,883
new in 2025: €7,883
- Other debts +€7,215
up €7,215 (+59.1%), from €12,216 to €19,430
- Gross operating margin -€13,812
down €13,812 (-15.1%), from €91,222 to €77,410
- Taxes -€5,073
down €5,073 (-17.6%), from €28,875 to €23,802
- Depreciation +€3,207
up €3,207 (+174%), from €1,840 to €5,047
- Financial income +€3,178
new in 2025: €3,178
- Financial charges -€1,035
down €1,035 (-63.7%), from €1,624 to €589
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 | €218,557 | €281,389 | +€62,832 | +28.7% |
| Fixed assets | 21/28 | €164 | €31,481 | +€31,317 | +19,106% |
| Tangible fixed assets | 22/27 | €164 | €31,481 | +€31,317 | +19,106% |
| Furniture and vehicles | 24 | €164 | €31,481 | +€31,317 | +19,106% |
| Current assets | 29/58 | €218,393 | €249,908 | +€31,515 | +14.4% |
| Amounts receivable within one year | 40/41 | €32,187 | €7,316 | -€24,871 | -77.3% |
| Trade receivables | 40 | €32,187 | €7,316 | -€24,871 | -77.3% |
| Current investments | 50/53 | - | €101,000 | +€101,000 | |
| Cash at bank and in hand | 54/58 | €186,059 | €140,851 | -€45,208 | -24.3% |
| Deferred charges and accrued income | 490/1 | €147 | €741 | +€594 | +405% |
| Total equity and liabilities | 10/49 | €218,557 | €281,389 | +€62,832 | +28.7% |
| Equity | 10/15 | €187,104 | €216,121 | +€29,017 | +15.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €184,604 | €213,621 | +€29,017 | +15.7% |
| Distributable reserves | 133 | €184,604 | €213,621 | +€29,017 | +15.7% |
| Amounts payable | 17/49 | €31,453 | €65,268 | +€33,815 | +108% |
| Amounts payable after more than one year | 17 | - | €23,887 | +€23,887 | |
| Financial debts | 170/4 | - | €23,887 | +€23,887 | |
| Amounts payable within one year | 42/48 | €31,222 | €41,381 | +€10,159 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,883 | +€7,883 | |
| Trade debts | 44 | €3,793 | €1,058 | -€2,735 | -72.1% |
| Suppliers | 440/4 | €3,793 | €1,058 | -€2,735 | -72.1% |
| Taxes, remuneration and social security | 45 | €15,213 | €13,010 | -€2,203 | -14.5% |
| Taxes | 450/3 | €13,828 | €13,010 | -€818 | -5.9% |
| Remuneration and social security | 454/9 | €1,385 | - | -€1,385 | |
| Other amounts payable | 47/48 | €12,216 | €19,430 | +€7,215 | +59.1% |
| Accrued charges and deferred income | 492/3 | €231 | - | -€231 | |
| Non-recurring operating income | 76A | - | €2,315 | +€2,315 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,840 | €5,047 | +€3,207 | +174% |
| Other operating charges | 640/8 | €1,143 | €932 | -€211 | -18.4% |
| Gross operating margin | 9900 | €91,222 | €77,410 | -€13,812 | -15.1% |
| Operating profit (loss) | 9901 | €88,239 | €71,431 | -€16,809 | -19.0% |
| Financial income | 75/76B | - | €3,178 | +€3,178 | |
| Recurring financial income | 75 | - | €3,178 | +€3,178 | |
| Financial charges | 65/66B | €1,624 | €589 | -€1,035 | -63.7% |
| Recurring financial charges | 65 | €1,624 | €589 | -€1,035 | -63.7% |
| Profit (loss) for the period before taxes | 9903 | €86,615 | €74,019 | -€12,596 | -14.5% |
| Income taxes | 67/77 | €28,875 | €23,802 | -€5,073 | -17.6% |
| Profit (loss) for the period | 9904 | €57,740 | €50,217 | -€7,523 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,740 | €50,217 | -€7,523 | -13.0% |
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 24 October 2026 via checked.be.