Sven Schietecatte: 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.
Sven Schietecatte
Largest movements
- Cash +€27,769
up €27,769 (+38.4%), from €72,266 to €100,035
mainly Net result for the year (+€33,229) and Receivables within one year (+€4,057)
- Receivables within one year -€4,057
down €4,057 (-26.2%), from €15,500 to €11,443
of which Trade receivables: -€6,000
- Deferred charges and accrued income -€2,651
down €2,651 (-25.0%), from €10,620 to €7,969
- Tangible fixed assets +€1,944
up €1,944 (+223.8%), from €869 to €2,813
- Profit (loss) carried forward +€33,229
up €33,229 (+47.0%), from €70,693 to €103,922
- Tax, wage and social debts -€11,186
down €11,186 (-52.1%), from €21,457 to €10,270
of which Taxes: -€11,186
- Gross operating margin -€11,073
down €11,073 (-19.5%), from €56,707 to €45,634
- Taxes -€2,301
down €2,301 (-20.3%), from €11,358 to €9,057
- Depreciation +€1,066
up €1,066 (+355.0%), from €300 to €1,366
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.
Cash bridge derived
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 | €99,255 | €122,260 | +€23,005 | +23.2% |
| Fixed assets | 21/28 | €869 | €2,813 | +€1,944 | +223.8% |
| Tangible fixed assets | 22/27 | €869 | €2,813 | +€1,944 | +223.8% |
| Furniture and vehicles | 24 | €869 | €2,813 | +€1,944 | +223.8% |
| Current assets | 29/58 | €98,386 | €119,447 | +€21,061 | +21.4% |
| Amounts receivable within one year | 40/41 | €15,500 | €11,443 | -€4,057 | -26.2% |
| Trade receivables | 40 | €15,500 | €9,500 | -€6,000 | -38.7% |
| Other amounts receivable | 41 | - | €1,943 | +€1,943 | |
| Cash at bank and in hand | 54/58 | €72,266 | €100,035 | +€27,769 | +38.4% |
| Deferred charges and accrued income | 490/1 | €10,620 | €7,969 | -€2,651 | -25.0% |
| Total equity and liabilities | 10/49 | €99,255 | €122,260 | +€23,005 | +23.2% |
| Equity | 10/15 | €70,694 | €103,923 | +€33,229 | +47.0% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,693 | €103,922 | +€33,229 | +47.0% |
| Amounts payable | 17/49 | €28,560 | €18,337 | -€10,224 | -35.8% |
| Amounts payable within one year | 42/48 | €28,021 | €17,764 | -€10,256 | -36.6% |
| Trade debts | 44 | €972 | €705 | -€266 | -27.4% |
| Suppliers | 440/4 | €972 | €705 | -€266 | -27.4% |
| Taxes, remuneration and social security | 45 | €21,457 | €10,270 | -€11,186 | -52.1% |
| Taxes | 450/3 | €19,557 | €8,370 | -€11,186 | -57.2% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €5,592 | €6,789 | +€1,197 | +21.4% |
| Accrued charges and deferred income | 492/3 | €540 | €572 | +€33 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €1,366 | +€1,066 | +355.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €56,707 | €45,634 | -€11,073 | -19.5% |
| Operating profit (loss) | 9901 | €56,281 | €44,140 | -€12,141 | -21.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €1,858 | €1,856 | -€3 | -0.1% |
| Recurring financial charges | 65 | €1,858 | €1,856 | -€3 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €54,423 | €42,286 | -€12,137 | -22.3% |
| Income taxes | 67/77 | €11,358 | €9,057 | -€2,301 | -20.3% |
| Profit (loss) for the period | 9904 | €43,065 | €33,229 | -€9,836 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,065 | €33,229 | -€9,836 | -22.8% |
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 10 October 2026 via checked.be.