MARC SCHOLLAERT: 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.
MARC SCHOLLAERT
Largest movements
- Cash +€24,183
up €24,183 (+882%), from €2,741 to €26,924
mainly Net result for the year (+€15,191) and Receivables within one year (+€14,740)
- Receivables within one year -€14,740
down €14,740 (-23.4%), from €62,870 to €48,129
of which Trade receivables: -€25,499
- Tangible fixed assets +€5,412
up €5,412 (+18.1%), from €29,827 to €35,239
of which Furniture and vehicles: +€11,048
- Intangible fixed assets +€1,508
new in 2025: €1,508
- Reserves +€15,191
up €15,191 (+28.5%), from €53,275 to €68,466
of which Distributable reserves: +€15,191
- Short-term financial debts +€1,362
up €1,362, from €0 to €1,362
- Trade debts +€1,324
up €1,324 (+32.1%), from €4,126 to €5,450
- Depreciation +€1,058
up €1,058 (+8.8%), from €12,041 to €13,099
- Taxes +€853
up €853 (+7.1%), from €11,998 to €12,852
- Gross operating margin -€601
down €601 (-1.2%), from €49,478 to €48,877
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 | €96,939 | €113,783 | +€16,844 | +17.4% |
| Fixed assets | 21/28 | €30,718 | €37,639 | +€6,920 | +22.5% |
| Intangible fixed assets | 21 | - | €1,508 | +€1,508 | |
| Tangible fixed assets | 22/27 | €29,827 | €35,239 | +€5,412 | +18.1% |
| Land and buildings | 22 | €11,445 | €13,517 | +€2,071 | +18.1% |
| Plant, machinery and equipment | 23 | €18,032 | €10,325 | -€7,707 | -42.7% |
| Furniture and vehicles | 24 | €350 | €11,398 | +€11,048 | +3,157% |
| Financial fixed assets | 28 | €891 | €891 | = | 0.0% |
| Current assets | 29/58 | €66,221 | €76,144 | +€9,923 | +15.0% |
| Stocks and contracts in progress | 3 | €610 | €1,090 | +€481 | +78.8% |
| Stocks | 30/36 | €610 | €1,090 | +€481 | +78.8% |
| Amounts receivable within one year | 40/41 | €62,870 | €48,129 | -€14,740 | -23.4% |
| Trade receivables | 40 | €28,953 | €3,454 | -€25,499 | -88.1% |
| Other amounts receivable | 41 | €33,916 | €44,675 | +€10,758 | +31.7% |
| Cash at bank and in hand | 54/58 | €2,741 | €26,924 | +€24,183 | +882% |
| Total equity and liabilities | 10/49 | €96,939 | €113,783 | +€16,844 | +17.4% |
| Equity | 10/15 | €71,867 | €87,058 | +€15,191 | +21.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €53,275 | €68,466 | +€15,191 | +28.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €51,416 | €66,607 | +€15,191 | +29.5% |
| Amounts payable | 17/49 | €25,072 | €26,725 | +€1,652 | +6.6% |
| Amounts payable within one year | 42/48 | €25,072 | €26,725 | +€1,652 | +6.6% |
| Financial debts | 43 | €0 | €1,362 | +€1,362 | |
| Credit institutions | 430/8 | €0 | €1,362 | +€1,362 | |
| Trade debts | 44 | €4,126 | €5,450 | +€1,324 | +32.1% |
| Suppliers | 440/4 | €4,126 | €5,450 | +€1,324 | +32.1% |
| Taxes, remuneration and social security | 45 | €20,947 | €19,913 | -€1,034 | -4.9% |
| Taxes | 450/3 | €20,947 | €19,913 | -€1,034 | -4.9% |
| Remuneration, social security and pensions | 62 | €169 | €0 | -€169 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,041 | €13,099 | +€1,058 | +8.8% |
| Other operating charges | 640/8 | €3,009 | €2,969 | -€40 | -1.3% |
| Gross operating margin | 9900 | €49,478 | €48,877 | -€601 | -1.2% |
| Operating profit (loss) | 9901 | €34,259 | €32,809 | -€1,450 | -4.2% |
| Financial income | 75/76B | €3 | €46 | +€43 | +1,361% |
| Recurring financial income | 75 | €3 | €46 | +€43 | +1,361% |
| Financial charges | 65/66B | €4,419 | €4,812 | +€393 | +8.9% |
| Recurring financial charges | 65 | €4,419 | €4,812 | +€393 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €29,844 | €28,043 | -€1,801 | -6.0% |
| Income taxes | 67/77 | €11,998 | €12,852 | +€853 | +7.1% |
| Profit (loss) for the period | 9904 | €17,845 | €15,191 | -€2,654 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,845 | €15,191 | -€2,654 | -14.9% |
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 21 October 2026 via checked.be.