Luc Schoenmakers: 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.
Luc Schoenmakers
Largest movements
- Tangible fixed assets -€5,996
down €5,996 (-37.9%), from €15,839 to €9,843
of which Land and buildings: -€5,558
- Receivables within one year +€4,583
up €4,583 (+122%), from €3,750 to €8,333
of which Trade receivables: +€4,583
- Cash +€675
up €675 (+9.1%), from €7,442 to €8,117
mainly Depreciation (+€5,996) and Tax, wage and social debts (+€723)
- Accrued charges and deferred income -€1,147
down €1,147 (-15.6%), from €7,360 to €6,213
- Trade debts -€843
down €843 (-74.5%), from €1,131 to €288
- Tax, wage and social debts +€723
new in 2025: €723
- Profit (loss) carried forward +€639
up €639 (+0.7%), from -€93,888 to -€93,249
- Gross operating margin +€2,035
up €2,035 (+40.7%), from €5,003 to €7,038
- Depreciation +€207
up €207 (+3.6%), from €5,789 to €5,996
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 | €27,246 | €26,398 | -€848 | -3.1% |
| Fixed assets | 21/28 | €15,839 | €9,843 | -€5,996 | -37.9% |
| Tangible fixed assets | 22/27 | €15,839 | €9,843 | -€5,996 | -37.9% |
| Land and buildings | 22 | €11,099 | €5,541 | -€5,558 | -50.1% |
| Plant, machinery and equipment | 23 | €4,740 | €4,301 | -€438 | -9.3% |
| Furniture and vehicles | 24 | €0 | €0 | = | 0.0% |
| Current assets | 29/58 | €11,407 | €16,555 | +€5,148 | +45.1% |
| Amounts receivable within one year | 40/41 | €3,750 | €8,333 | +€4,583 | +122% |
| Trade receivables | 40 | €3,750 | €8,333 | +€4,583 | +122% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,442 | €8,117 | +€675 | +9.1% |
| Deferred charges and accrued income | 490/1 | €215 | €105 | -€110 | -51.1% |
| Total equity and liabilities | 10/49 | €27,246 | €26,398 | -€848 | -3.1% |
| Equity | 10/15 | -€51,732 | -€51,093 | +€639 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,756 | €29,756 | = | 0.0% |
| Distributable reserves | 133 | €29,756 | €29,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,888 | -€93,249 | +€639 | +0.7% |
| Amounts payable | 17/49 | €78,978 | €77,491 | -€1,487 | -1.9% |
| Amounts payable within one year | 42/48 | €71,618 | €71,278 | -€340 | -0.5% |
| Trade debts | 44 | €1,131 | €288 | -€843 | -74.5% |
| Suppliers | 440/4 | €1,131 | €288 | -€843 | -74.5% |
| Taxes, remuneration and social security | 45 | - | €723 | +€723 | |
| Taxes | 450/3 | - | €723 | +€723 | |
| Other amounts payable | 47/48 | €70,487 | €70,267 | -€220 | -0.3% |
| Accrued charges and deferred income | 492/3 | €7,360 | €6,213 | -€1,147 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,789 | €5,996 | +€207 | +3.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €5,003 | €7,038 | +€2,035 | +40.7% |
| Operating profit (loss) | 9901 | -€1,174 | €642 | +€1,816 | |
| Financial income | 75/76B | €19 | €7 | -€12 | -63.0% |
| Recurring financial income | 75 | €19 | €7 | -€12 | -63.0% |
| Financial charges | 65/66B | €45 | €10 | -€35 | -78.0% |
| Recurring financial charges | 65 | €45 | €10 | -€35 | -78.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,200 | €639 | +€1,839 | |
| Profit (loss) for the period | 9904 | -€1,200 | €639 | +€1,839 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,200 | €639 | +€1,839 |
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.