Van Schoote: 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.
Van Schoote
Largest movements
- Cash +€399,382
up €399,382 (+557%), from €71,696 to €471,078
mainly Net result for the year (+€775,144) and Tax, wage and social debts (+€168,536)
- Receivables within one year +€324,870
up €324,870 (+44.8%), from €725,073 to €1.0m
of which Other amounts receivable: +€244,100
- Intangible fixed assets -€114,073
down €114,073 (-21.4%), from €534,210 to €420,137
- Tangible fixed assets -€41,674
down €41,674 (-41.6%), from €100,244 to €58,569
of which Furniture and vehicles: -€23,317
- Deferred charges and accrued income -€22,264
down €22,264 (-36.1%), from €61,659 to €39,395
- Reserves +€775,144
up €775,144 (+111%), from €697,606 to €1.5m
of which Distributable reserves: +€775,144
- Tax, wage and social debts +€168,536
up €168,536 (+269%), from €62,728 to €231,264
of which Taxes: +€149,410
- Other debts -€103,724
down €103,724 (-86.6%), from €119,737 to €16,012
- Short-term financial debts -€88,360
down €88,360 (-100%), from €88,360 to €0
- Accrued charges and deferred income -€83,264
down €83,264 (-51.2%), from €162,757 to €79,493
- Gross operating margin +€25,604
up €25,604 (+1.4%), from €1.8m to €1.9m
- Taxes +€22,329
up €22,329 (+8.6%), from €260,688 to €283,017
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,493,709 | €2,039,950 | +€546,241 | +36.6% |
| Fixed assets | 21/28 | €635,282 | €479,534 | -€155,747 | -24.5% |
| Intangible fixed assets | 21 | €534,210 | €420,137 | -€114,073 | -21.4% |
| Tangible fixed assets | 22/27 | €100,244 | €58,569 | -€41,674 | -41.6% |
| Plant, machinery and equipment | 23 | €47,869 | €29,512 | -€18,357 | -38.3% |
| Furniture and vehicles | 24 | €52,374 | €29,057 | -€23,317 | -44.5% |
| Financial fixed assets | 28 | €828 | €828 | = | 0.0% |
| Current assets | 29/58 | €858,428 | €1,560,416 | +€701,988 | +81.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €725,073 | €1,049,943 | +€324,870 | +44.8% |
| Trade receivables | 40 | €51,942 | €132,712 | +€80,770 | +156% |
| Other amounts receivable | 41 | €673,131 | €917,231 | +€244,100 | +36.3% |
| Cash at bank and in hand | 54/58 | €71,696 | €471,078 | +€399,382 | +557% |
| Deferred charges and accrued income | 490/1 | €61,659 | €39,395 | -€22,264 | -36.1% |
| Total equity and liabilities | 10/49 | €1,493,709 | €2,039,950 | +€546,241 | +36.6% |
| Equity | 10/15 | €759,606 | €1,534,749 | +€775,144 | +102% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €697,606 | €1,472,749 | +€775,144 | +111% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €691,406 | €1,466,549 | +€775,144 | +112% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €734,104 | €505,201 | -€228,903 | -31.2% |
| Amounts payable after more than one year | 17 | €56,000 | €0 | -€56,000 | -100% |
| Financial debts | 170/4 | €56,000 | €0 | -€56,000 | -100% |
| Amounts payable within one year | 42/48 | €515,347 | €425,708 | -€89,639 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €96,000 | €56,000 | -€40,000 | -41.7% |
| Financial debts | 43 | €88,360 | €0 | -€88,360 | -100% |
| Credit institutions | 430/8 | €88,360 | €0 | -€88,360 | -100% |
| Trade debts | 44 | €148,522 | €122,432 | -€26,090 | -17.6% |
| Suppliers | 440/4 | €148,522 | €122,432 | -€26,090 | -17.6% |
| Taxes, remuneration and social security | 45 | €62,728 | €231,264 | +€168,536 | +269% |
| Taxes | 450/3 | €290 | €149,700 | +€149,410 | +51,530% |
| Remuneration and social security | 454/9 | €62,438 | €81,564 | +€19,126 | +30.6% |
| Other amounts payable | 47/48 | €119,737 | €16,012 | -€103,724 | -86.6% |
| Accrued charges and deferred income | 492/3 | €162,757 | €79,493 | -€83,264 | -51.2% |
| Non-recurring operating income | 76A | €67,169 | €0 | -€67,169 | -100% |
| Remuneration, social security and pensions | 62 | €632,627 | €632,491 | -€137 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,549 | €159,485 | -€3,064 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,087 | +€1,087 | |
| Other operating charges | 640/8 | €4,431 | €2,287 | -€2,144 | -48.4% |
| Non-recurring operating charges | 66A | €190,275 | €0 | -€190,275 | -100% |
| Gross operating margin | 9900 | €1,826,386 | €1,851,990 | +€25,604 | +1.4% |
| Operating profit (loss) | 9901 | €836,503 | €1,056,640 | +€220,137 | +26.3% |
| Financial income | 75/76B | €17,853 | €24,322 | +€6,468 | +36.2% |
| Recurring financial income | 75 | €17,853 | €24,322 | +€6,468 | +36.2% |
| Financial charges | 65/66B | €32,494 | €22,801 | -€9,693 | -29.8% |
| Recurring financial charges | 65 | €31,653 | €22,801 | -€8,852 | -28.0% |
| Non-recurring financial charges | 66B | €841 | €0 | -€841 | -100% |
| Profit (loss) for the period before taxes | 9903 | €821,862 | €1,058,160 | +€236,298 | +28.8% |
| Income taxes | 67/77 | €260,688 | €283,017 | +€22,329 | +8.6% |
| Profit (loss) for the period | 9904 | €561,174 | €775,144 | +€213,969 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €561,174 | €775,144 | +€213,969 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.