SCHINOPSIS: 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.
SCHINOPSIS
Largest movements
- Cash -€1.2m
down €1.2m (-65.9%), from €1.8m to €612,773
mainly Current investments (-€400,000) and Debts after one year (-€317,475)
- Current investments +€400,000
new in 2025: €400,000
- Tangible fixed assets -€180,109
down €180,109 (-6.2%), from €2.9m to €2.7m
of which Land and buildings: -€236,410
- Debts after one year -€317,475
down €317,475 (-50.0%), from €634,953 to €317,478
- Reserves -€314,140
down €314,140 (-23.4%), from €1.3m to €1.0m
- Trade debts -€172,195
down €172,195 (-95.6%), from €180,060 to €7,865
- Other debts -€118,106
down €118,106 (-52.5%), from €224,854 to €106,748
- Gross operating margin -€2.0m
down €2.0m, from €2.0m to -€2,451
- Taxes -€487,235
down €487,235 (-99.8%), from €488,389 to €1,155
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 | €4,681,101 | €3,719,721 | -€961,379 | -20.5% |
| Fixed assets | 21/28 | €2,883,209 | €2,703,100 | -€180,109 | -6.2% |
| Tangible fixed assets | 22/27 | €2,883,209 | €2,703,100 | -€180,109 | -6.2% |
| Land and buildings | 22 | €2,883,209 | €2,646,799 | -€236,410 | -8.2% |
| Plant, machinery and equipment | 23 | - | €3,538 | +€3,538 | |
| Furniture and vehicles | 24 | - | €52,763 | +€52,763 | |
| Current assets | 29/58 | €1,797,892 | €1,016,621 | -€781,270 | -43.5% |
| Current investments | 50/53 | - | €400,000 | +€400,000 | |
| Cash at bank and in hand | 54/58 | €1,797,892 | €612,773 | -€1.2m | -65.9% |
| Deferred charges and accrued income | 490/1 | - | €3,848 | +€3,848 | |
| Total equity and liabilities | 10/49 | €4,681,101 | €3,719,721 | -€961,379 | -20.5% |
| Equity | 10/15 | €3,600,126 | €3,285,986 | -€314,140 | -8.7% |
| Contributions | 10/11 | €2,256,402 | €2,256,402 | = | 0.0% |
| Reserves | 13 | €1,343,724 | €1,029,584 | -€314,140 | -23.4% |
| Distributable reserves | 133 | €1,343,724 | €1,029,584 | -€314,140 | -23.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,080,975 | €433,736 | -€647,239 | -59.9% |
| Amounts payable after more than one year | 17 | €634,953 | €317,478 | -€317,475 | -50.0% |
| Financial debts | 170/4 | €634,953 | €317,478 | -€317,475 | -50.0% |
| Amounts payable within one year | 42/48 | €441,022 | €115,103 | -€325,919 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €490 | €490 | = | 0.0% |
| Trade debts | 44 | €180,060 | €7,865 | -€172,195 | -95.6% |
| Suppliers | 440/4 | €180,060 | €7,865 | -€172,195 | -95.6% |
| Taxes, remuneration and social security | 45 | €35,618 | €0 | -€35,618 | -100% |
| Taxes | 450/3 | €35,618 | €0 | -€35,618 | -100% |
| Other amounts payable | 47/48 | €224,854 | €106,748 | -€118,106 | -52.5% |
| Accrued charges and deferred income | 492/3 | €5,000 | €1,155 | -€3,846 | -76.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302,322 | €309,590 | +€7,267 | +2.4% |
| Other operating charges | 640/8 | €10,191 | €4,337 | -€5,853 | -57.4% |
| Gross operating margin | 9900 | €1,973,044 | -€2,451 | -€2.0m | |
| Operating profit (loss) | 9901 | €1,660,531 | -€316,378 | -€2.0m | |
| Financial income | 75/76B | €0 | €3,848 | +€3,848 | |
| Recurring financial income | 75 | €0 | €3,848 | +€3,848 | |
| Financial charges | 65/66B | €381 | €456 | +€74 | +19.5% |
| Recurring financial charges | 65 | €381 | €456 | +€74 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | €1,660,149 | -€312,986 | -€2.0m | |
| Income taxes | 67/77 | €488,389 | €1,155 | -€487,235 | -99.8% |
| Profit (loss) for the period | 9904 | €1,171,760 | -€314,140 | -€1.5m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,171,760 | -€314,140 | -€1.5m |
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 16 October 2026 via checked.be.