Ine Schockaert: 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.
Ine Schockaert
Largest movements
- Cash -€56,761
down €56,761 (-51.2%), from €110,789 to €54,028
mainly Other debts (-€76,341) and Contributions, distributions and other (-€50,000)
- Tangible fixed assets +€15,210
up €15,210 (+349%), from €4,352 to €19,562
of which Other tangible fixed assets: +€13,365
- Current investments -€7,942
down €7,942 (-100%), from €7,942 to €0
- Receivables within one year -€4,328
down €4,328 (-100%), from €4,328 to €0
- Other debts -€76,341
down €76,341 (-67.3%), from €113,427 to €37,086
- Profit (loss) carried forward +€21,796
up €21,796 (+2,115%), from €1,031 to €22,827
- Tax, wage and social debts +€4,298
up €4,298 (+39.4%), from €10,916 to €15,215
- Current portion of long-term debt -€3,971
down €3,971 (-100%), from €3,971 to €0
- Financial income +€2,282
up €2,282 (+452%), from €505 to €2,787
- Gross operating margin -€1,910
down €1,910 (-2.0%), from €96,100 to €94,190
- Depreciation -€1,014
down €1,014 (-19.2%), from €5,279 to €4,265
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 | €131,639 | €77,943 | -€53,696 | -40.8% |
| Fixed assets | 21/28 | €4,352 | €19,562 | +€15,210 | +349% |
| Tangible fixed assets | 22/27 | €4,352 | €19,562 | +€15,210 | +349% |
| Furniture and vehicles | 24 | €4,352 | €6,197 | +€1,845 | +42.4% |
| Other tangible fixed assets | 26 | - | €13,365 | +€13,365 | |
| Current assets | 29/58 | €127,287 | €58,381 | -€68,906 | -54.1% |
| Amounts receivable within one year | 40/41 | €4,328 | €0 | -€4,328 | -100% |
| Other amounts receivable | 41 | €4,328 | €0 | -€4,328 | -100% |
| Current investments | 50/53 | €7,942 | €0 | -€7,942 | -100% |
| Cash at bank and in hand | 54/58 | €110,789 | €54,028 | -€56,761 | -51.2% |
| Deferred charges and accrued income | 490/1 | €4,228 | €4,353 | +€124 | +2.9% |
| Total equity and liabilities | 10/49 | €131,639 | €77,943 | -€53,696 | -40.8% |
| Equity | 10/15 | €2,031 | €23,827 | +€21,796 | +1,073% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,031 | €22,827 | +€21,796 | +2,115% |
| Amounts payable | 17/49 | €129,609 | €54,116 | -€75,492 | -58.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €129,609 | €54,116 | -€75,492 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €3,971 | €0 | -€3,971 | -100% |
| Trade debts | 44 | €1,294 | €1,816 | +€522 | +40.3% |
| Suppliers | 440/4 | €1,294 | €1,816 | +€522 | +40.3% |
| Taxes, remuneration and social security | 45 | €10,916 | €15,215 | +€4,298 | +39.4% |
| Taxes | 450/3 | €10,916 | €15,215 | +€4,298 | +39.4% |
| Other amounts payable | 47/48 | €113,427 | €37,086 | -€76,341 | -67.3% |
| Remuneration, social security and pensions | 62 | €400 | €0 | -€400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,279 | €4,265 | -€1,014 | -19.2% |
| Other operating charges | 640/8 | €859 | €1,397 | +€537 | +62.5% |
| Gross operating margin | 9900 | €96,100 | €94,190 | -€1,910 | -2.0% |
| Operating profit (loss) | 9901 | €89,561 | €88,528 | -€1,033 | -1.2% |
| Financial income | 75/76B | €505 | €2,787 | +€2,282 | +452% |
| Recurring financial income | 75 | €505 | €2,787 | +€2,282 | +452% |
| Financial charges | 65/66B | €286 | €86 | -€200 | -70.0% |
| Recurring financial charges | 65 | €286 | €86 | -€200 | -70.0% |
| Profit (loss) for the period before taxes | 9903 | €89,780 | €91,230 | +€1,450 | +1.6% |
| Income taxes | 67/77 | €19,044 | €19,433 | +€389 | +2.0% |
| Profit (loss) for the period | 9904 | €70,736 | €71,796 | +€1,061 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,736 | €71,796 | +€1,061 | +1.5% |
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.