PHILIPPE SCHEIRLINCKX: 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 SCHEIRLINCKX
Largest movements
- Cash +€97,857
up €97,857 (+62.9%), from €155,687 to €253,544
mainly Receivables within one year (+€54,049) and Other debts (+€49,689)
- Receivables within one year -€54,049
down €54,049 (-67.7%), from €79,792 to €25,743
of which Other amounts receivable: -€54,408
- Tangible fixed assets -€23,234
down €23,234 (-27.4%), from €84,866 to €61,633
of which Land and buildings: -€19,517
- Current investments +€6,913
up €6,913 (+3.3%), from €210,145 to €217,058
- Other debts +€49,689
new in 2025: €49,689
- Profit (loss) carried forward -€21,608
down €21,608 (-5.0%), from €436,044 to €414,436
- Financial charges +€97,926
up €97,926 (+4,062%), from €2,411 to €100,337
- Taxes -€44,416
down €44,416, from €33,140 to -€11,276
- Gross operating margin -€5,825
down €5,825 (-6.0%), from €97,800 to €91,975
- Depreciation -€5,434
down €5,434 (-17.7%), from €30,708 to €25,274
- Financial income -€3,884
down €3,884 (-54.6%), from €7,108 to €3,224
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 | €533,103 | €557,978 | +€24,875 | +4.7% |
| Fixed assets | 21/28 | €84,866 | €61,633 | -€23,234 | -27.4% |
| Tangible fixed assets | 22/27 | €84,866 | €61,633 | -€23,234 | -27.4% |
| Land and buildings | 22 | €68,148 | €48,630 | -€19,517 | -28.6% |
| Furniture and vehicles | 24 | €8,778 | €5,165 | -€3,612 | -41.2% |
| Other tangible fixed assets | 26 | €7,941 | €7,837 | -€104 | -1.3% |
| Current assets | 29/58 | €448,237 | €496,345 | +€48,108 | +10.7% |
| Amounts receivable within one year | 40/41 | €79,792 | €25,743 | -€54,049 | -67.7% |
| Trade receivables | 40 | €5,219 | €5,578 | +€359 | +6.9% |
| Other amounts receivable | 41 | €74,573 | €20,165 | -€54,408 | -73.0% |
| Current investments | 50/53 | €210,145 | €217,058 | +€6,913 | +3.3% |
| Cash at bank and in hand | 54/58 | €155,687 | €253,544 | +€97,857 | +62.9% |
| Deferred charges and accrued income | 490/1 | €2,613 | €0 | -€2,613 | -100% |
| Total equity and liabilities | 10/49 | €533,103 | €557,978 | +€24,875 | +4.7% |
| Equity | 10/15 | €529,104 | €507,496 | -€21,608 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €86,860 | €86,860 | = | 0.0% |
| 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 | €85,000 | €85,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €436,044 | €414,436 | -€21,608 | -5.0% |
| Amounts payable | 17/49 | €3,999 | €50,482 | +€46,483 | +1,162% |
| Amounts payable within one year | 42/48 | €3,999 | €50,482 | +€46,483 | +1,162% |
| Trade debts | 44 | €3,999 | €793 | -€3,206 | -80.2% |
| Suppliers | 440/4 | €3,999 | €793 | -€3,206 | -80.2% |
| Other amounts payable | 47/48 | - | €49,689 | +€49,689 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,708 | €25,274 | -€5,434 | -17.7% |
| Other operating charges | 640/8 | €2,420 | €2,472 | +€52 | +2.1% |
| Gross operating margin | 9900 | €97,800 | €91,975 | -€5,825 | -6.0% |
| Operating profit (loss) | 9901 | €64,671 | €64,229 | -€442 | -0.7% |
| Financial income | 75/76B | €7,108 | €3,224 | -€3,884 | -54.6% |
| Recurring financial income | 75 | €7,108 | €3,224 | -€3,884 | -54.6% |
| Financial charges | 65/66B | €2,411 | €100,337 | +€97,926 | +4,062% |
| Recurring financial charges | 65 | €2,411 | €100,337 | +€97,926 | +4,062% |
| Profit (loss) for the period before taxes | 9903 | €69,369 | -€32,885 | -€102,253 | |
| Income taxes | 67/77 | €33,140 | -€11,276 | -€44,416 | |
| Profit (loss) for the period | 9904 | €36,229 | -€21,608 | -€57,837 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,229 | -€21,608 | -€57,837 |
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 19 October 2026 via checked.be.