Kurt Schoonjans: 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.
Kurt Schoonjans
Largest movements
- Receivables within one year +€53,738
up €53,738 (+497%), from €10,817 to €64,555
- Cash -€45,223
down €45,223 (-50.7%), from €89,197 to €43,973
mainly Contributions, distributions and other (-€185,000) and Other debts (-€100,000)
- Tangible fixed assets +€29,619
up €29,619 (+82.1%), from €36,072 to €65,691
of which Furniture and vehicles: +€31,241
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Reserves +€81,960
up €81,960 (+191%), from €42,904 to €124,864
- Short-term financial debts +€36,833
up €36,833 (+737%), from €5,000 to €41,833
- Debts after one year +€17,975
up €17,975 (+351%), from €5,119 to €23,094
- Current portion of long-term debt +€2,693
up €2,693 (+22.1%), from €12,197 to €14,889
- Gross operating margin +€176,888
up €176,888 (+86.9%), from €203,495 to €380,384
- Taxes +€41,386
up €41,386 (+92.2%), from €44,898 to €86,284
- Depreciation +€8,103
up €8,103 (+43.0%), from €18,850 to €26,953
- Financial income -€4,290
down €4,290 (-50.6%), from €8,485 to €4,195
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 | €206,641 | €244,000 | +€37,359 | +18.1% |
| Fixed assets | 21/28 | €39,272 | €68,891 | +€29,619 | +75.4% |
| Tangible fixed assets | 22/27 | €36,072 | €65,691 | +€29,619 | +82.1% |
| Plant, machinery and equipment | 23 | €845 | €1,868 | +€1,023 | +121% |
| Furniture and vehicles | 24 | €22,838 | €54,079 | +€31,241 | +137% |
| Other tangible fixed assets | 26 | €12,389 | €9,744 | -€2,645 | -21.3% |
| Financial fixed assets | 28 | €3,200 | €3,200 | = | 0.0% |
| Current assets | 29/58 | €167,368 | €175,108 | +€7,740 | +4.6% |
| Amounts receivable within one year | 40/41 | €10,817 | €64,555 | +€53,738 | +497% |
| Other amounts receivable | 41 | €10,817 | €64,555 | +€53,738 | +497% |
| Current investments | 50/53 | €65,875 | €65,000 | -€875 | -1.3% |
| Cash at bank and in hand | 54/58 | €89,197 | €43,973 | -€45,223 | -50.7% |
| Deferred charges and accrued income | 490/1 | €1,480 | €1,580 | +€100 | +6.8% |
| Total equity and liabilities | 10/49 | €206,641 | €244,000 | +€37,359 | +18.1% |
| Equity | 10/15 | €61,504 | €143,464 | +€81,960 | +133% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,904 | €124,864 | +€81,960 | +191% |
| Distributable reserves | 133 | €42,904 | €124,864 | +€81,960 | +191% |
| Amounts payable | 17/49 | €145,137 | €100,536 | -€44,601 | -30.7% |
| Amounts payable after more than one year | 17 | €5,119 | €23,094 | +€17,975 | +351% |
| Financial debts | 170/4 | €5,119 | €23,094 | +€17,975 | +351% |
| Amounts payable within one year | 42/48 | €140,018 | €77,442 | -€62,576 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €12,197 | €14,889 | +€2,693 | +22.1% |
| Financial debts | 43 | €5,000 | €41,833 | +€36,833 | +737% |
| Credit institutions | 430/8 | €5,000 | €41,833 | +€36,833 | +737% |
| Trade debts | 44 | €6,400 | €4,738 | -€1,662 | -26.0% |
| Suppliers | 440/4 | €6,400 | €4,738 | -€1,662 | -26.0% |
| Taxes, remuneration and social security | 45 | €16,420 | €15,981 | -€439 | -2.7% |
| Taxes | 450/3 | €16,420 | €15,981 | -€439 | -2.7% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Non-recurring operating income | 76A | €21,495 | - | -€21,495 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,850 | €26,953 | +€8,103 | +43.0% |
| Other operating charges | 640/8 | €2,146 | €2,443 | +€298 | +13.9% |
| Gross operating margin | 9900 | €203,495 | €380,384 | +€176,888 | +86.9% |
| Operating profit (loss) | 9901 | €182,500 | €350,988 | +€168,488 | +92.3% |
| Financial income | 75/76B | €8,485 | €4,195 | -€4,290 | -50.6% |
| Recurring financial income | 75 | €8,485 | €4,195 | -€4,290 | -50.6% |
| Financial charges | 65/66B | €3,183 | €1,938 | -€1,245 | -39.1% |
| Recurring financial charges | 65 | €3,183 | €1,938 | -€1,245 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €187,801 | €353,244 | +€165,442 | +88.1% |
| Income taxes | 67/77 | €44,898 | €86,284 | +€41,386 | +92.2% |
| Profit (loss) for the period | 9904 | €142,904 | €266,960 | +€124,056 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €142,904 | €266,960 | +€124,056 | +86.8% |
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 17 October 2026 via checked.be.