LOTTE SCHELDEMAN: 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.
LOTTE SCHELDEMAN
Largest movements
- Tangible fixed assets +€24,588
up €24,588 (+6,379%), from €385 to €24,973
- Cash -€8,592
down €8,592 (-17.4%), from €49,462 to €40,870
mainly Other debts (-€49,939) and Debts after one year (-€35,512)
- Reserves +€72,057
up €72,057 (+88.1%), from €81,767 to €153,824
- Other debts -€49,939
down €49,939 (-33.5%), from €148,934 to €98,995
- Debts after one year -€35,512
down €35,512 (-8.5%), from €419,900 to €384,388
- Tax, wage and social debts +€18,909
up €18,909 (+93.6%), from €20,211 to €39,120
- Current portion of long-term debt +€9,447
up €9,447 (+19.1%), from €49,400 to €58,847
- Gross operating margin +€68,149
up €68,149 (+123%), from €55,269 to €123,418
- Taxes +€14,539
up €14,539 (+126%), from €11,520 to €26,059
- Financial charges +€8,348
up €8,348 (+90.9%), from €9,185 to €17,533
- Depreciation +€6,756
up €6,756 (+1,772%), from €381 to €7,138
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 | €726,479 | €742,475 | +€15,996 | +2.2% |
| Fixed assets | 21/28 | €677,017 | €701,605 | +€24,588 | +3.6% |
| Tangible fixed assets | 22/27 | €385 | €24,973 | +€24,588 | +6,379% |
| Furniture and vehicles | 24 | €385 | €24,973 | +€24,588 | +6,379% |
| Financial fixed assets | 28 | €676,632 | €676,632 | = | 0.0% |
| Current assets | 29/58 | €49,462 | €40,870 | -€8,592 | -17.4% |
| Cash at bank and in hand | 54/58 | €49,462 | €40,870 | -€8,592 | -17.4% |
| Total equity and liabilities | 10/49 | €726,479 | €742,475 | +€15,996 | +2.2% |
| Equity | 10/15 | €86,767 | €158,824 | +€72,057 | +83.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,767 | €153,824 | +€72,057 | +88.1% |
| Distributable reserves | 133 | €81,767 | €153,824 | +€72,057 | +88.1% |
| Amounts payable | 17/49 | €639,712 | €583,652 | -€56,061 | -8.8% |
| Amounts payable after more than one year | 17 | €419,900 | €384,388 | -€35,512 | -8.5% |
| Financial debts | 170/4 | €419,900 | €384,388 | -€35,512 | -8.5% |
| Amounts payable within one year | 42/48 | €218,842 | €197,354 | -€21,487 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €49,400 | €58,847 | +€9,447 | +19.1% |
| Financial debts | 43 | - | €75 | +€75 | |
| Other loans | 439 | - | €75 | +€75 | |
| Trade debts | 44 | €296 | €316 | +€20 | +6.8% |
| Suppliers | 440/4 | €296 | €316 | +€20 | +6.8% |
| Taxes, remuneration and social security | 45 | €20,211 | €39,120 | +€18,909 | +93.6% |
| Taxes | 450/3 | €20,211 | €39,120 | +€18,909 | +93.6% |
| Other amounts payable | 47/48 | €148,934 | €98,995 | -€49,939 | -33.5% |
| Accrued charges and deferred income | 492/3 | €971 | €1,910 | +€939 | +96.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €381 | €7,138 | +€6,756 | +1,772% |
| Other operating charges | 640/8 | €183 | €632 | +€449 | +245% |
| Gross operating margin | 9900 | €55,269 | €123,418 | +€68,149 | +123% |
| Operating profit (loss) | 9901 | €54,705 | €115,648 | +€60,943 | +111% |
| Financial income | 75/76B | €19 | €0 | -€19 | -99.9% |
| Recurring financial income | 75 | €19 | €0 | -€19 | -99.9% |
| Financial charges | 65/66B | €9,185 | €17,533 | +€8,348 | +90.9% |
| Recurring financial charges | 65 | €9,185 | €17,533 | +€8,348 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €45,538 | €98,115 | +€52,577 | +115% |
| Income taxes | 67/77 | €11,520 | €26,059 | +€14,539 | +126% |
| Profit (loss) for the period | 9904 | €34,019 | €72,057 | +€38,038 | +112% |
| Profit (loss) for the period to be appropriated | 9905 | €34,019 | €72,057 | +€38,038 | +112% |
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.