PATRICK SCHAUT: 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.
PATRICK SCHAUT
Largest movements
- Tangible fixed assets -€1,896
down €1,896 (-34.3%), from €5,535 to €3,638
of which Furniture and vehicles: -€1,625
- Cash +€1,865
up €1,865 (+3.2%), from €58,487 to €60,352
mainly Net result for the year (+€4,653) and Depreciation (+€3,364)
- Reserves +€4,653
up €4,653 (+19.7%), from €23,634 to €28,287
of which Distributable reserves: +€4,653
- Other debts -€4,056
down €4,056 (-24.0%), from €16,869 to €12,813
- Trade debts -€755
down €755 (-11.8%), from €6,410 to €5,655
- Gross operating margin -€6,438
down €6,438 (-34.9%), from €18,445 to €12,007
- Taxes -€1,830
down €1,830 (-35.9%), from €5,092 to €3,262
- Financial income +€373
up €373 (+155%), from €241 to €613
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 | €68,839 | €69,202 | +€363 | +0.5% |
| Fixed assets | 21/28 | €5,535 | €3,638 | -€1,896 | -34.3% |
| Tangible fixed assets | 22/27 | €5,535 | €3,638 | -€1,896 | -34.3% |
| Plant, machinery and equipment | 23 | €2,377 | €2,105 | -€272 | -11.4% |
| Furniture and vehicles | 24 | €3,158 | €1,533 | -€1,625 | -51.4% |
| Current assets | 29/58 | €63,304 | €65,563 | +€2,259 | +3.6% |
| Amounts receivable within one year | 40/41 | €2,414 | €2,712 | +€298 | +12.3% |
| Other amounts receivable | 41 | €2,414 | €2,712 | +€298 | +12.3% |
| Cash at bank and in hand | 54/58 | €58,487 | €60,352 | +€1,865 | +3.2% |
| Deferred charges and accrued income | 490/1 | €2,403 | €2,499 | +€96 | +4.0% |
| Total equity and liabilities | 10/49 | €68,839 | €69,202 | +€363 | +0.5% |
| Equity | 10/15 | €42,787 | €47,439 | +€4,653 | +10.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €23,634 | €28,287 | +€4,653 | +19.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €21,774 | €26,427 | +€4,653 | +21.4% |
| Profit (loss) carried forward | 14 | €603 | €603 | = | 0.0% |
| Amounts payable | 17/49 | €26,052 | €21,762 | -€4,290 | -16.5% |
| Amounts payable within one year | 42/48 | €26,052 | €21,762 | -€4,290 | -16.5% |
| Trade debts | 44 | €6,410 | €5,655 | -€755 | -11.8% |
| Suppliers | 440/4 | €6,410 | €5,655 | -€755 | -11.8% |
| Taxes, remuneration and social security | 45 | €2,773 | €3,294 | +€521 | +18.8% |
| Taxes | 450/3 | €2,773 | €3,294 | +€521 | +18.8% |
| Other amounts payable | 47/48 | €16,869 | €12,813 | -€4,056 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,283 | €3,364 | +€82 | +2.5% |
| Other operating charges | 640/8 | €1,135 | €1,214 | +€79 | +7.0% |
| Gross operating margin | 9900 | €18,445 | €12,007 | -€6,438 | -34.9% |
| Operating profit (loss) | 9901 | €14,027 | €7,428 | -€6,599 | -47.0% |
| Financial income | 75/76B | €241 | €613 | +€373 | +155% |
| Recurring financial income | 75 | €241 | €613 | +€373 | +155% |
| Financial charges | 65/66B | €145 | €127 | -€18 | -12.4% |
| Recurring financial charges | 65 | €145 | €127 | -€18 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €14,123 | €7,915 | -€6,208 | -44.0% |
| Income taxes | 67/77 | €5,092 | €3,262 | -€1,830 | -35.9% |
| Profit (loss) for the period | 9904 | €9,031 | €4,653 | -€4,379 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,031 | €4,653 | -€4,379 | -48.5% |
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 14 October 2026 via checked.be.