Jelle Schuermans: 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.
Jelle Schuermans
Largest movements
- Cash +€36,792
up €36,792 (+382%), from €9,623 to €46,415
mainly Net result for the year (+€17,555) and Receivables within one year (+€15,246)
- Receivables within one year -€15,246
down €15,246 (-100%), from €15,246 to €0
- Reserves +€17,555
up €17,555 (+147%), from €11,980 to €29,535
- Tax, wage and social debts +€3,722
up €3,722 (+55.1%), from €6,751 to €10,473
- Other debts +€2,347
up €2,347 (+115%), from €2,043 to €4,390
- Trade debts -€2,077
down €2,077 (-99.2%), from €2,094 to €17
- Gross operating margin +€8,655
up €8,655 (+55.3%), from €15,652 to €24,307
- Taxes +€1,928
up €1,928 (+63.5%), from €3,035 to €4,963
- Staff costs +€967
new in 2025: €967
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 | €24,869 | €46,415 | +€21,546 | +86.6% |
| Current assets | 29/58 | €24,869 | €46,415 | +€21,546 | +86.6% |
| Amounts receivable within one year | 40/41 | €15,246 | €0 | -€15,246 | -100% |
| Trade receivables | 40 | €15,246 | €0 | -€15,246 | -100% |
| Cash at bank and in hand | 54/58 | €9,623 | €46,415 | +€36,792 | +382% |
| Total equity and liabilities | 10/49 | €24,869 | €46,415 | +€21,546 | +86.6% |
| Equity | 10/15 | €13,980 | €31,535 | +€17,555 | +126% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €11,980 | €29,535 | +€17,555 | +147% |
| Distributable reserves | 133 | €11,980 | €29,535 | +€17,555 | +147% |
| Amounts payable | 17/49 | €10,889 | €14,880 | +€3,991 | +36.7% |
| Amounts payable within one year | 42/48 | €10,889 | €14,880 | +€3,991 | +36.7% |
| Trade debts | 44 | €2,094 | €17 | -€2,077 | -99.2% |
| Suppliers | 440/4 | €2,094 | €17 | -€2,077 | -99.2% |
| Taxes, remuneration and social security | 45 | €6,751 | €10,473 | +€3,722 | +55.1% |
| Taxes | 450/3 | €6,751 | €10,473 | +€3,722 | +55.1% |
| Other amounts payable | 47/48 | €2,043 | €4,390 | +€2,347 | +115% |
| Remuneration, social security and pensions | 62 | - | €967 | +€967 | |
| Other operating charges | 640/8 | €636 | €635 | -€1 | -0.2% |
| Gross operating margin | 9900 | €15,652 | €24,307 | +€8,655 | +55.3% |
| Operating profit (loss) | 9901 | €15,016 | €22,705 | +€7,689 | +51.2% |
| Financial charges | 65/66B | - | €186 | +€186 | |
| Recurring financial charges | 65 | - | €186 | +€186 | |
| Profit (loss) for the period before taxes | 9903 | €15,016 | €22,518 | +€7,502 | +50.0% |
| Income taxes | 67/77 | €3,035 | €4,963 | +€1,928 | +63.5% |
| Profit (loss) for the period | 9904 | €11,980 | €17,555 | +€5,575 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,980 | €17,555 | +€5,575 | +46.5% |
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 25 October 2026 via checked.be.