Olivier SCHOBBENS: what changed
Olivier SCHOBBENS
Largest movements
- Receivables within one year +€47,459
up €47,459 (+268%), from €17,737 to €65,196
of which Trade receivables: +€48,889
- Cash -€32,355
down €32,355 (-34.2%), from €94,595 to €62,240
mainly Contributions, distributions and other (-€55,253) and Receivables within one year (-€47,459)
- Current investments -€28,305
no longer reported in 2025 (was €28,305)
- Financial fixed assets -€21,342
down €21,342 (-80.3%), from €26,592 to €5,250
- Reserves -€55,253
down €55,253 (-61.7%), from €89,598 to €34,345
of which Distributable reserves: -€55,253
- Other debts +€49,788
up €49,788 (+158%), from €31,456 to €81,244
- Current portion of long-term debt -€14,741
no longer reported in 2025 (was €14,741)
- Profit (loss) carried forward -€12,444
down €12,444, from €784 to -€11,661
- Tax, wage and social debts -€3,102
down €3,102 (-18.9%), from €16,387 to €13,285
- Financial charges +€21,152
up €21,152 (+1,401%), from €1,510 to €22,662
- Other operating charges -€17,702
down €17,702 (-91.3%), from €19,384 to €1,683
- Gross operating margin -€13,559
down €13,559 (-42.9%), from €31,609 to €18,049
- Depreciation -€2,157
down €2,157 (-56.0%), from €3,853 to €1,696
- Taxes +€670
up €670 (+17.7%), from €3,786 to €4,456
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,666 | €144,423 | -€37,243 | -20.5% |
| Fixed assets | 21/28 | €36,543 | €13,505 | -€23,038 | -63.0% |
| Tangible fixed assets | 22/27 | €9,951 | €8,255 | -€1,696 | -17.0% |
| Furniture and vehicles | 24 | €3,172 | €1,696 | -€1,476 | -46.5% |
| Other tangible fixed assets | 26 | €6,779 | €6,559 | -€220 | -3.2% |
| Financial fixed assets | 28 | €26,592 | €5,250 | -€21,342 | -80.3% |
| Current assets | 29/58 | €145,123 | €130,918 | -€14,205 | -9.8% |
| Amounts receivable within one year | 40/41 | €17,737 | €65,196 | +€47,459 | +268% |
| Trade receivables | 40 | €15,092 | €63,982 | +€48,889 | +324% |
| Other amounts receivable | 41 | €2,645 | €1,214 | -€1,430 | -54.1% |
| Current investments | 50/53 | €28,305 | - | -€28,305 | |
| Cash at bank and in hand | 54/58 | €94,595 | €62,240 | -€32,355 | -34.2% |
| Deferred charges and accrued income | 490/1 | €4,485 | €3,482 | -€1,003 | -22.4% |
| Total equity and liabilities | 10/49 | €181,666 | €144,423 | -€37,243 | -20.5% |
| Equity | 10/15 | €110,382 | €42,684 | -€67,698 | -61.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €89,598 | €34,345 | -€55,253 | -61.7% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €86,598 | €31,345 | -€55,253 | -63.8% |
| Profit (loss) carried forward | 14 | €784 | -€11,661 | -€12,444 | |
| Amounts payable | 17/49 | €71,284 | €101,739 | +€30,455 | +42.7% |
| Amounts payable within one year | 42/48 | €71,284 | €101,739 | +€30,455 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €14,741 | - | -€14,741 | |
| Financial debts | 43 | €350 | €158 | -€191 | -54.7% |
| Credit institutions | 430/8 | €350 | €158 | -€191 | -54.7% |
| Trade debts | 44 | €8,350 | €7,052 | -€1,298 | -15.5% |
| Suppliers | 440/4 | €8,350 | €7,052 | -€1,298 | -15.5% |
| Taxes, remuneration and social security | 45 | €16,387 | €13,285 | -€3,102 | -18.9% |
| Taxes | 450/3 | €16,387 | €13,285 | -€3,102 | -18.9% |
| Other amounts payable | 47/48 | €31,456 | €81,244 | +€49,788 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,853 | €1,696 | -€2,157 | -56.0% |
| Other operating charges | 640/8 | €19,384 | €1,683 | -€17,702 | -91.3% |
| Gross operating margin | 9900 | €31,609 | €18,049 | -€13,559 | -42.9% |
| Operating profit (loss) | 9901 | €8,371 | €14,671 | +€6,299 | +75.2% |
| Financial income | 75/76B | €477 | €3 | -€474 | -99.4% |
| Recurring financial income | 75 | €477 | €3 | -€474 | -99.4% |
| Financial charges | 65/66B | €1,510 | €22,662 | +€21,152 | +1,401% |
| Recurring financial charges | 65 | €1,510 | €22,662 | +€21,152 | +1,401% |
| Profit (loss) for the period before taxes | 9903 | €7,338 | -€7,989 | -€15,326 | |
| Income taxes | 67/77 | €3,786 | €4,456 | +€670 | +17.7% |
| Profit (loss) for the period | 9904 | €3,552 | -€12,444 | -€15,996 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,552 | -€12,444 | -€15,996 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.