Thomas Schellekens: what changed
What changed
Thomas Schellekens
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€64,720
2024 · €81,802-€17,082
Equity
€151,521
2024 · €86,802+€64,720
Cash
€14,372
2024 · €12,031+€2,341
Balance sheet total
€704,103
2024 · €702,672+€1,431
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€84,499
down €84,499 (-16.7%), from €506,311 to €421,813
- Reserves +€64,720
up €64,720 (+79.1%), from €81,802 to €146,521
- Other debts +€32,230
up €32,230 (+2,404%), from €1,341 to €33,570
- Tax, wage and social debts -€13,887
down €13,887 (-52.3%), from €26,529 to €12,642
Income statement
- Gross operating margin -€35,417
down €35,417 (-24.1%), from €146,926 to €111,509
- Financial charges -€12,582
down €12,582 (-36.8%), from €34,161 to €21,579
- Taxes -€5,424
down €5,424 (-18.8%), from €28,829 to €23,405
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€81,802
Gross operating margin
-€35,417
Depreciation
-€397
Other operating charges
+€726
Financial income
-€0
Financial charges
+€12,582
Taxes
+€5,424
Result 2025
€64,720
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€83,674
Investment
€0
Financing
-€81,333
Cash 2024
€12,031
From operations (derived)
+€83,674
Net result for the year
+€64,720
Depreciation
+€1,060
Receivables within one year
-€337
Deferred charges and accrued income
+€187
Trade debts
-€298
Tax, wage and social debts
-€13,887
Other debts
+€32,230
Financing
-€81,333
Debts after one year
-€84,499
Current portion of long-term debt
+€3,165
Cash 2025
€14,372
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €702,672 | €704,103 | +€1,431 | +0.2% |
| Fixed assets | 21/28 | €689,239 | €688,179 | -€1,060 | -0.2% |
| Tangible fixed assets | 22/27 | €6,755 | €5,695 | -€1,060 | -15.7% |
| Furniture and vehicles | 24 | €6,755 | €5,695 | -€1,060 | -15.7% |
| Financial fixed assets | 28 | €682,484 | €682,484 | = | 0.0% |
| Current assets | 29/58 | €13,433 | €15,924 | +€2,491 | +18.5% |
| Amounts receivable within one year | 40/41 | - | €337 | +€337 | |
| Other amounts receivable | 41 | - | €337 | +€337 | |
| Cash at bank and in hand | 54/58 | €12,031 | €14,372 | +€2,341 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1,402 | €1,214 | -€187 | -13.4% |
| Total equity and liabilities | 10/49 | €702,672 | €704,103 | +€1,431 | +0.2% |
| Equity | 10/15 | €86,802 | €151,521 | +€64,720 | +74.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,802 | €146,521 | +€64,720 | +79.1% |
| Distributable reserves | 133 | €81,802 | €146,521 | +€64,720 | +79.1% |
| Amounts payable | 17/49 | €615,870 | €552,582 | -€63,288 | -10.3% |
| Amounts payable after more than one year | 17 | €506,311 | €421,813 | -€84,499 | -16.7% |
| Financial debts | 170/4 | €506,311 | €421,813 | -€84,499 | -16.7% |
| Amounts payable within one year | 42/48 | €109,559 | €130,769 | +€21,210 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €81,333 | €84,499 | +€3,165 | +3.9% |
| Trade debts | 44 | €356 | €58 | -€298 | -83.7% |
| Suppliers | 440/4 | €356 | €58 | -€298 | -83.7% |
| Taxes, remuneration and social security | 45 | €26,529 | €12,642 | -€13,887 | -52.3% |
| Taxes | 450/3 | €26,529 | €12,642 | -€13,887 | -52.3% |
| Other amounts payable | 47/48 | €1,341 | €33,570 | +€32,230 | +2,404% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663 | €1,060 | +€397 | +59.9% |
| Other operating charges | 640/8 | €1,472 | €746 | -€726 | -49.3% |
| Gross operating margin | 9900 | €146,926 | €111,509 | -€35,417 | -24.1% |
| Operating profit (loss) | 9901 | €144,791 | €109,703 | -€35,088 | -24.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €34,161 | €21,579 | -€12,582 | -36.8% |
| Recurring financial charges | 65 | €34,161 | €21,579 | -€12,582 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €110,631 | €88,124 | -€22,506 | -20.3% |
| Income taxes | 67/77 | €28,829 | €23,405 | -€5,424 | -18.8% |
| Profit (loss) for the period | 9904 | €81,802 | €64,720 | -€17,082 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,802 | €64,720 | -€17,082 | -20.9% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.