PHILIPPE-ROBERT SCHREDER: 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.
PHILIPPE-ROBERT SCHREDER
Largest movements
- Cash +€40,420
up €40,420 (+85.1%), from €47,521 to €87,941
mainly Net result for the year (+€37,967) and Tax, wage and social debts (+€16,777)
- Deferred charges and accrued income -€2,686
down €2,686 (-47.0%), from €5,716 to €3,031
- Receivables within one year -€2,091
no longer reported in 2025 (was €2,091)
- Reserves +€21,398
up €21,398 (+51.1%), from €41,846 to €63,244
- Tax, wage and social debts +€16,777
up €16,777 (+243%), from €6,904 to €23,681
of which Taxes: +€13,814
- Advances received -€3,241
no longer reported in 2025 (was €3,241)
- Trade debts +€968
up €968 (+66.8%), from €1,449 to €2,417
- Other debts -€951
down €951 (-27.4%), from €3,472 to €2,521
- Gross operating margin +€37,547
up €37,547 (+164%), from €22,848 to €60,395
- Taxes +€12,291
up €12,291 (+250%), from €4,922 to €17,213
- Other operating charges -€2,635
down €2,635 (-53.9%), from €4,890 to €2,254
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 | €56,912 | €91,862 | +€34,950 | +61.4% |
| Fixed assets | 21/28 | €1,584 | €891 | -€693 | -43.8% |
| Intangible fixed assets | 21 | €524 | €357 | -€166 | -31.7% |
| Tangible fixed assets | 22/27 | €1,010 | €483 | -€527 | -52.2% |
| Furniture and vehicles | 24 | €1,010 | €483 | -€527 | -52.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €55,328 | €90,972 | +€35,643 | +64.4% |
| Amounts receivable within one year | 40/41 | €2,091 | - | -€2,091 | |
| Other amounts receivable | 41 | €2,091 | - | -€2,091 | |
| Cash at bank and in hand | 54/58 | €47,521 | €87,941 | +€40,420 | +85.1% |
| Deferred charges and accrued income | 490/1 | €5,716 | €3,031 | -€2,686 | -47.0% |
| Total equity and liabilities | 10/49 | €56,912 | €91,862 | +€34,950 | +61.4% |
| Equity | 10/15 | €41,846 | €63,244 | +€21,398 | +51.1% |
| Reserves | 13 | €41,846 | €63,244 | +€21,398 | +51.1% |
| Distributable reserves | 133 | €41,846 | €63,244 | +€21,398 | +51.1% |
| Amounts payable | 17/49 | €15,066 | €28,618 | +€13,553 | +90.0% |
| Amounts payable within one year | 42/48 | €15,066 | €28,618 | +€13,553 | +90.0% |
| Trade debts | 44 | €1,449 | €2,417 | +€968 | +66.8% |
| Suppliers | 440/4 | €1,449 | €2,417 | +€968 | +66.8% |
| Advances received on contracts in progress | 46 | €3,241 | - | -€3,241 | |
| Taxes, remuneration and social security | 45 | €6,904 | €23,681 | +€16,777 | +243% |
| Taxes | 450/3 | €6,904 | €20,718 | +€13,814 | +200% |
| Remuneration and social security | 454/9 | - | €2,963 | +€2,963 | |
| Other amounts payable | 47/48 | €3,472 | €2,521 | -€951 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €897 | €693 | -€204 | -22.8% |
| Other operating charges | 640/8 | €4,890 | €2,254 | -€2,635 | -53.9% |
| Gross operating margin | 9900 | €22,848 | €60,395 | +€37,547 | +164% |
| Operating profit (loss) | 9901 | €17,061 | €57,447 | +€40,387 | +237% |
| Financial income | 75/76B | €1 | €1 | +€0 | +66.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +66.7% |
| Financial charges | 65/66B | €2,269 | €2,269 | -€0 | 0.0% |
| Recurring financial charges | 65 | €2,269 | €2,269 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,792 | €55,179 | +€40,387 | +273% |
| Income taxes | 67/77 | €4,922 | €17,213 | +€12,291 | +250% |
| Profit (loss) for the period | 9904 | €9,870 | €37,967 | +€28,097 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €9,870 | €37,967 | +€28,097 | +285% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.