SANDRA SCHOENMAKERS: 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.
SANDRA SCHOENMAKERS
Largest movements
- Tangible fixed assets -€8,787
down €8,787 (-6.7%), from €131,141 to €122,354
of which Furniture and vehicles: -€8,393
- Cash -€3,781
down €3,781 (-9.9%), from €38,152 to €34,372
mainly Contributions, distributions and other (-€22,424) and Debts after one year (-€14,661)
- Debts after one year -€14,661
down €14,661 (-22.2%), from €66,107 to €51,446
- Reserves -€12,424
down €12,424 (-21.4%), from €57,971 to €45,547
- Profit (loss) carried forward +€11,398
up €11,398 (+64.6%), from -€17,646 to -€6,248
- Trade debts +€2,327
up €2,327 (+219%), from €1,065 to €3,392
- Tax, wage and social debts -€1,966
down €1,966 (-34.7%), from €5,662 to €3,696
- Gross operating margin +€11,495
up €11,495 (+31.8%), from €36,108 to €47,603
- Other operating charges -€4,900
down €4,900 (-80.3%), from €6,100 to €1,200
- Taxes +€4,613
up €4,613 (+1,575%), from €293 to €4,906
- Depreciation +€3,062
up €3,062 (+22.0%), from €13,914 to €16,977
- Financial charges -€1,359
down €1,359 (-30.3%), from €4,491 to €3,133
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 | €174,055 | €160,672 | -€13,382 | -7.7% |
| Fixed assets | 21/28 | €131,141 | €122,354 | -€8,787 | -6.7% |
| Tangible fixed assets | 22/27 | €131,141 | €122,354 | -€8,787 | -6.7% |
| Plant, machinery and equipment | 23 | €1,241 | €5,908 | +€4,667 | +376% |
| Furniture and vehicles | 24 | €84,609 | €76,216 | -€8,393 | -9.9% |
| Other tangible fixed assets | 26 | €45,291 | €40,230 | -€5,061 | -11.2% |
| Current assets | 29/58 | €42,913 | €38,319 | -€4,595 | -10.7% |
| Stocks and contracts in progress | 3 | €3,805 | €3,310 | -€495 | -13.0% |
| Stocks | 30/36 | €3,805 | €3,310 | -€495 | -13.0% |
| Cash at bank and in hand | 54/58 | €38,152 | €34,372 | -€3,781 | -9.9% |
| Deferred charges and accrued income | 490/1 | €956 | €637 | -€319 | -33.4% |
| Total equity and liabilities | 10/49 | €174,055 | €160,672 | -€13,382 | -7.7% |
| Equity | 10/15 | €58,917 | €57,891 | -€1,026 | -1.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €57,971 | €45,547 | -€12,424 | -21.4% |
| Distributable reserves | 133 | €57,971 | €45,547 | -€12,424 | -21.4% |
| Profit (loss) carried forward | 14 | -€17,646 | -€6,248 | +€11,398 | +64.6% |
| Amounts payable | 17/49 | €115,138 | €102,781 | -€12,356 | -10.7% |
| Amounts payable after more than one year | 17 | €66,107 | €51,446 | -€14,661 | -22.2% |
| Financial debts | 170/4 | €66,107 | €51,446 | -€14,661 | -22.2% |
| Amounts payable within one year | 42/48 | €49,031 | €51,336 | +€2,305 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €14,113 | €14,661 | +€548 | +3.9% |
| Trade debts | 44 | €1,065 | €3,392 | +€2,327 | +219% |
| Suppliers | 440/4 | €1,065 | €3,392 | +€2,327 | +219% |
| Taxes, remuneration and social security | 45 | €5,662 | €3,696 | -€1,966 | -34.7% |
| Taxes | 450/3 | €5,662 | €3,696 | -€1,966 | -34.7% |
| Other amounts payable | 47/48 | €28,191 | €29,587 | +€1,396 | +5.0% |
| Remuneration, social security and pensions | 62 | €88 | - | -€88 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,914 | €16,977 | +€3,062 | +22.0% |
| Other operating charges | 640/8 | €6,100 | €1,200 | -€4,900 | -80.3% |
| Non-recurring operating charges | 66A | €28,868 | - | -€28,868 | |
| Gross operating margin | 9900 | €36,108 | €47,603 | +€11,495 | +31.8% |
| Operating profit (loss) | 9901 | -€12,861 | €29,426 | +€42,288 | |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €4,491 | €3,133 | -€1,359 | -30.3% |
| Recurring financial charges | 65 | €4,491 | €3,133 | -€1,359 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | -€17,353 | €26,304 | +€43,657 | |
| Income taxes | 67/77 | €293 | €4,906 | +€4,613 | +1,575% |
| Profit (loss) for the period | 9904 | -€17,646 | €21,398 | +€39,044 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,646 | €21,398 | +€39,044 |
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.