Thomas Schell: 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.
Thomas Schell
Largest movements
- Tangible fixed assets +€34,935
up €34,935 (+332.9%), from €10,495 to €45,429
of which Leasing and similar rights: +€27,610
- Cash +€25,034
up €25,034 (+99.7%), from €25,108 to €50,142
mainly Net result for the year (+€42,823) and Debts after one year (+€22,546)
- Receivables within one year +€10,221
up €10,221 (+241.4%), from €4,235 to €14,456
of which Other amounts receivable: +€8,623
- Reserves +€42,823
up €42,823 (+207.2%), from €20,669 to €63,493
- Debts after one year +€22,546
new in 2025: €22,546
- Tax, wage and social debts -€11,488
down €11,488 (-95.6%), from €12,019 to €530
- Trade debts +€8,650
up €8,650 (+368.6%), from €2,347 to €10,997
- Current portion of long-term debt +€6,851
new in 2025: €6,851
- Gross operating margin +€44,906
up €44,906 (+154.2%), from €29,131 to €74,037
- Depreciation +€9,315
up €9,315 (+1842.7%), from €505 to €9,820
- Taxes +€7,649
up €7,649 (+102.6%), from €7,458 to €15,108
- Other operating charges +€4,483
up €4,483 (+919.8%), from €487 to €4,970
- Financial charges +€1,302
up €1,302 (+8580.0%), from €15 to €1,318
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 | €40,035 | €110,858 | +€70,822 | +176.9% |
| Fixed assets | 21/28 | €10,515 | €45,463 | +€34,948 | +332.4% |
| Tangible fixed assets | 22/27 | €10,495 | €45,429 | +€34,935 | +332.9% |
| Plant, machinery and equipment | 23 | €884 | €6,019 | +€5,136 | +581.3% |
| Furniture and vehicles | 24 | - | €2,189 | +€2,189 | |
| Leasing and similar rights | 25 | €9,611 | €37,221 | +€27,610 | +287.3% |
| Financial fixed assets | 28 | €20 | €34 | +€14 | +67.4% |
| Current assets | 29/58 | €29,521 | €65,395 | +€35,874 | +121.5% |
| Amounts receivable within one year | 40/41 | €4,235 | €14,456 | +€10,221 | +241.4% |
| Trade receivables | 40 | €180 | €1,779 | +€1,599 | +888.1% |
| Other amounts receivable | 41 | €4,055 | €12,678 | +€8,623 | +212.6% |
| Cash at bank and in hand | 54/58 | €25,108 | €50,142 | +€25,034 | +99.7% |
| Deferred charges and accrued income | 490/1 | €178 | €796 | +€618 | +347.6% |
| Total equity and liabilities | 10/49 | €40,035 | €110,858 | +€70,822 | +176.9% |
| Equity | 10/15 | €25,669 | €68,493 | +€42,823 | +166.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,669 | €63,493 | +€42,823 | +207.2% |
| Distributable reserves | 133 | €20,669 | €63,493 | +€42,823 | +207.2% |
| Amounts payable | 17/49 | €14,366 | €42,365 | +€27,999 | +194.9% |
| Amounts payable after more than one year | 17 | - | €22,546 | +€22,546 | |
| Financial debts | 170/4 | - | €22,546 | +€22,546 | |
| Amounts payable within one year | 42/48 | €14,366 | €19,819 | +€5,453 | +38.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,851 | +€6,851 | |
| Trade debts | 44 | €2,347 | €10,997 | +€8,650 | +368.6% |
| Suppliers | 440/4 | €2,347 | €10,997 | +€8,650 | +368.6% |
| Taxes, remuneration and social security | 45 | €12,019 | €530 | -€11,488 | -95.6% |
| Taxes | 450/3 | €12,019 | €530 | -€11,488 | -95.6% |
| Other amounts payable | 47/48 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €9,820 | +€9,315 | +1842.7% |
| Other operating charges | 640/8 | €487 | €4,970 | +€4,483 | +919.8% |
| Gross operating margin | 9900 | €29,131 | €74,037 | +€44,906 | +154.2% |
| Operating profit (loss) | 9901 | €28,138 | €59,247 | +€31,109 | +110.6% |
| Financial income | 75/76B | €5 | €1 | -€4 | -75.6% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -75.6% |
| Financial charges | 65/66B | €15 | €1,318 | +€1,302 | +8580.0% |
| Recurring financial charges | 65 | €15 | €1,318 | +€1,302 | +8580.0% |
| Profit (loss) for the period before taxes | 9903 | €28,128 | €57,931 | +€29,803 | +106.0% |
| Income taxes | 67/77 | €7,458 | €15,108 | +€7,649 | +102.6% |
| Profit (loss) for the period | 9904 | €20,669 | €42,823 | +€22,154 | +107.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,669 | €42,823 | +€22,154 | +107.2% |
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.