PETER SCHILLEBEECKX: 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.
PETER SCHILLEBEECKX
Largest movements
- Cash -€14,779
down €14,779 (-8.0%), from €183,863 to €169,084
mainly Trade debts (-€46,328) and Net result for the year (-€1,159)
- Receivables within one year -€4,982
down €4,982 (-7.9%), from €62,884 to €57,902
of which Other amounts receivable: -€42,302
- Tangible fixed assets -€3,164
down €3,164 (-82.4%), from €3,838 to €674
of which Plant, machinery and equipment: -€2,950
- Deferred charges and accrued income -€2,945
down €2,945 (-52.2%), from €5,638 to €2,693
- Trade debts -€46,328
down €46,328 (-66.6%), from €69,552 to €23,225
- Other debts +€21,602
new in 2025: €21,602
- Gross operating margin +€10,106
up €10,106, from -€8,787 to €1,320
- Financial income +€743
up €743 (+180%), from €413 to €1,156
- Other operating charges +€139
up €139 (+57.6%), from €242 to €381
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 | €259,226 | €233,341 | -€25,885 | -10.0% |
| Fixed assets | 21/28 | €3,838 | €674 | -€3,164 | -82.4% |
| Tangible fixed assets | 22/27 | €3,838 | €674 | -€3,164 | -82.4% |
| Plant, machinery and equipment | 23 | €3,031 | €81 | -€2,950 | -97.3% |
| Furniture and vehicles | 24 | €808 | €593 | -€214 | -26.5% |
| Current assets | 29/58 | €255,387 | €232,667 | -€22,720 | -8.9% |
| Stocks and contracts in progress | 3 | €3,002 | €2,988 | -€14 | -0.5% |
| Stocks | 30/36 | €3,002 | €2,988 | -€14 | -0.5% |
| Amounts receivable within one year | 40/41 | €62,884 | €57,902 | -€4,982 | -7.9% |
| Trade receivables | 40 | €4,412 | €41,732 | +€37,320 | +846% |
| Other amounts receivable | 41 | €58,472 | €16,170 | -€42,302 | -72.3% |
| Cash at bank and in hand | 54/58 | €183,863 | €169,084 | -€14,779 | -8.0% |
| Deferred charges and accrued income | 490/1 | €5,638 | €2,693 | -€2,945 | -52.2% |
| Total equity and liabilities | 10/49 | €259,226 | €233,341 | -€25,885 | -10.0% |
| Equity | 10/15 | €189,673 | €188,515 | -€1,159 | -0.6% |
| Contributions | 10/11 | €148,200 | €148,200 | = | 0.0% |
| Reserves | 13 | €69,920 | €69,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,820 | €14,820 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,820 | €14,820 | = | 0.0% |
| Distributable reserves | 133 | €55,100 | €55,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,446 | -€29,605 | -€1,159 | -4.1% |
| Amounts payable | 17/49 | €69,552 | €44,826 | -€24,726 | -35.6% |
| Amounts payable within one year | 42/48 | €69,552 | €44,826 | -€24,726 | -35.6% |
| Trade debts | 44 | €69,552 | €23,225 | -€46,328 | -66.6% |
| Suppliers | 440/4 | €69,552 | €23,225 | -€46,328 | -66.6% |
| Other amounts payable | 47/48 | - | €21,602 | +€21,602 | |
| Non-recurring operating income | 76A | - | €19,630 | +€19,630 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,164 | €3,164 | = | 0.0% |
| Other operating charges | 640/8 | €242 | €381 | +€139 | +57.6% |
| Gross operating margin | 9900 | -€8,787 | €1,320 | +€10,106 | |
| Operating profit (loss) | 9901 | -€12,193 | -€2,226 | +€9,967 | +81.7% |
| Financial income | 75/76B | €413 | €1,156 | +€743 | +180% |
| Recurring financial income | 75 | €413 | €1,156 | +€743 | +180% |
| Financial charges | 65/66B | €10 | €89 | +€78 | +770% |
| Recurring financial charges | 65 | €10 | €89 | +€78 | +770% |
| Profit (loss) for the period before taxes | 9903 | -€11,790 | -€1,159 | +€10,632 | +90.2% |
| Profit (loss) for the period | 9904 | -€11,790 | -€1,159 | +€10,632 | +90.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,790 | -€1,159 | +€10,632 | +90.2% |
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.