PATRICK SCHREURS: what changed
Two fiscal 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 SCHREURS
Largest movements
- Receivables within one year -€9,315
down €9,315 (-18.0%), from €51,875 to €42,560
of which Trade receivables: -€9,998
- Stocks and contracts -€4,000
down €4,000 (-30.8%), from €13,000 to €9,000
- Cash -€1,094
down €1,094 (-22.0%), from €4,973 to €3,879
mainly Net result for the year (-€18,503) and Tax, wage and social debts (-€960)
- Profit (loss) carried forward -€18,503
down €18,503, from €0 to -€18,503
- Other debts +€5,245
up €5,245 (+58.2%), from €9,007 to €14,251
- Tax, wage and social debts -€960
down €960 (-28.4%), from €3,382 to €2,422
- Gross operating margin -€31,741
down €31,741, from €19,585 to -€12,155
- Taxes -€2,422
down €2,422 (-100.0%), from €2,422 to €0
- Depreciation -€369
down €369 (-100.0%), from €369 to €0
- Other operating charges +€215
up €215 (+3.7%), from €5,895 to €6,111
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.
Cash bridge derived
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 | €72,063 | €57,716 | -€14,347 | -19.9% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €72,063 | €57,716 | -€14,347 | -19.9% |
| Stocks and contracts in progress | 3 | €13,000 | €9,000 | -€4,000 | -30.8% |
| Stocks | 30/36 | €13,000 | €9,000 | -€4,000 | -30.8% |
| Amounts receivable within one year | 40/41 | €51,875 | €42,560 | -€9,315 | -18.0% |
| Trade receivables | 40 | €51,680 | €41,682 | -€9,998 | -19.3% |
| Other amounts receivable | 41 | €195 | €878 | +€683 | +349.9% |
| Cash at bank and in hand | 54/58 | €4,973 | €3,879 | -€1,094 | -22.0% |
| Deferred charges and accrued income | 490/1 | €2,215 | €2,277 | +€62 | +2.8% |
| Total equity and liabilities | 10/49 | €72,063 | €57,716 | -€14,347 | -19.9% |
| Equity | 10/15 | €58,736 | €40,233 | -€18,503 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,136 | €40,136 | = | 0.0% |
| Distributable reserves | 133 | €40,136 | €40,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€18,503 | -€18,503 | |
| Amounts payable | 17/49 | €13,326 | €17,483 | +€4,157 | +31.2% |
| Amounts payable within one year | 42/48 | €13,326 | €17,483 | +€4,157 | +31.2% |
| Trade debts | 44 | €937 | €809 | -€128 | -13.6% |
| Suppliers | 440/4 | €937 | €809 | -€128 | -13.6% |
| Taxes, remuneration and social security | 45 | €3,382 | €2,422 | -€960 | -28.4% |
| Taxes | 450/3 | €3,382 | €2,422 | -€960 | -28.4% |
| Other amounts payable | 47/48 | €9,007 | €14,251 | +€5,245 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €0 | -€369 | -100.0% |
| Other operating charges | 640/8 | €5,895 | €6,111 | +€215 | +3.7% |
| Gross operating margin | 9900 | €19,585 | -€12,155 | -€31,741 | |
| Operating profit (loss) | 9901 | €13,321 | -€18,266 | -€31,587 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €201 | €238 | +€37 | +18.2% |
| Recurring financial charges | 65 | €201 | €238 | +€37 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €13,120 | -€18,503 | -€31,624 | |
| Income taxes | 67/77 | €2,422 | €0 | -€2,422 | -100.0% |
| Profit (loss) for the period | 9904 | €10,698 | -€18,503 | -€29,201 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,698 | -€18,503 | -€29,201 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.