MARK SCHNEIDER: 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.
MARK SCHNEIDER
Largest movements
- Receivables within one year -€36,252
down €36,252 (-47.1%), from €76,933 to €40,681
of which Trade receivables: -€36,082
- Cash +€16,985
up €16,985 (+105%), from €16,218 to €33,203
mainly Net result for the year (+€45,189) and Receivables within one year (+€36,252)
- Tangible fixed assets -€12,844
no longer reported in 2025 (was €12,844)
- Trade debts -€84,179
down €84,179 (-83.2%), from €101,185 to €17,006
- Reserves +€45,189
up €45,189 (+371%), from €12,167 to €57,356
- Tax, wage and social debts +€5,663
up €5,663 (+119%), from €4,761 to €10,424
of which Taxes: +€9,563
- Other debts +€2,083
up €2,083 (+27.1%), from €7,700 to €9,783
- Gross operating margin +€37,742
up €37,742 (+109%), from €34,641 to €72,383
- Taxes +€9,564
up €9,564 (+248%), from €3,861 to €13,425
- Depreciation -€1,983
down €1,983 (-13.4%), from €14,827 to €12,844
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 | €144,413 | €113,169 | -€31,244 | -21.6% |
| Fixed assets | 21/28 | €12,894 | €50 | -€12,844 | -99.6% |
| Tangible fixed assets | 22/27 | €12,844 | - | -€12,844 | |
| Furniture and vehicles | 24 | €12,844 | - | -€12,844 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €131,519 | €113,119 | -€18,400 | -14.0% |
| Amounts receivable after more than one year | 29 | €35,200 | €35,200 | = | 0.0% |
| Other amounts receivable | 291 | €35,200 | €35,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €76,933 | €40,681 | -€36,252 | -47.1% |
| Trade receivables | 40 | €76,368 | €40,286 | -€36,082 | -47.2% |
| Other amounts receivable | 41 | €565 | €395 | -€170 | -30.1% |
| Cash at bank and in hand | 54/58 | €16,218 | €33,203 | +€16,985 | +105% |
| Deferred charges and accrued income | 490/1 | €3,168 | €4,035 | +€867 | +27.4% |
| Total equity and liabilities | 10/49 | €144,413 | €113,169 | -€31,244 | -21.6% |
| Equity | 10/15 | €30,767 | €75,956 | +€45,189 | +147% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,167 | €57,356 | +€45,189 | +371% |
| Distributable reserves | 133 | €12,167 | €57,356 | +€45,189 | +371% |
| Amounts payable | 17/49 | €113,646 | €37,213 | -€76,433 | -67.3% |
| Amounts payable within one year | 42/48 | €113,646 | €37,213 | -€76,433 | -67.3% |
| Trade debts | 44 | €101,185 | €17,006 | -€84,179 | -83.2% |
| Suppliers | 440/4 | €101,185 | €17,006 | -€84,179 | -83.2% |
| Taxes, remuneration and social security | 45 | €4,761 | €10,424 | +€5,663 | +119% |
| Taxes | 450/3 | €861 | €10,424 | +€9,563 | +1,111% |
| Remuneration and social security | 454/9 | €3,900 | - | -€3,900 | |
| Other amounts payable | 47/48 | €7,700 | €9,783 | +€2,083 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,827 | €12,844 | -€1,983 | -13.4% |
| Other operating charges | 640/8 | €987 | €1,133 | +€146 | +14.8% |
| Gross operating margin | 9900 | €34,641 | €72,383 | +€37,742 | +109% |
| Operating profit (loss) | 9901 | €18,827 | €58,406 | +€39,579 | +210% |
| Financial income | 75/76B | €880 | €886 | +€6 | +0.7% |
| Recurring financial income | 75 | €880 | €886 | +€6 | +0.7% |
| Financial charges | 65/66B | €860 | €678 | -€182 | -21.2% |
| Recurring financial charges | 65 | €860 | €678 | -€182 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €18,847 | €58,614 | +€39,767 | +211% |
| Income taxes | 67/77 | €3,861 | €13,425 | +€9,564 | +248% |
| Profit (loss) for the period | 9904 | €14,986 | €45,189 | +€30,203 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €14,986 | €45,189 | +€30,203 | +202% |
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 18 October 2026 via checked.be.