VINCENT SCHELLINCK: 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.
VINCENT SCHELLINCK
Largest movements
- Cash +€90,389
up €90,389 (+102%), from €88,834 to €179,223
mainly Debts after one year (+€105,047) and Net result for the year (+€58,164)
- Tangible fixed assets +€48,906
up €48,906 (+34.3%), from €142,663 to €191,569
of which Land and buildings: +€121,493
- Receivables within one year -€6,430
down €6,430 (-20.8%), from €30,852 to €24,423
of which Other amounts receivable: -€6,825
- Debts after one year +€105,047
up €105,047 (+217%), from €48,444 to €153,491
- Tax, wage and social debts +€20,988
up €20,988 (+107%), from €19,689 to €40,677
of which Remuneration and social security: +€11,622
- Other debts +€5,917
up €5,917 (+13.4%), from €44,023 to €49,941
- Gross operating margin +€44,633
up €44,633 (+22.5%), from €198,108 to €242,741
- Staff costs +€13,677
up €13,677 (+14.7%), from €93,176 to €106,853
- Depreciation +€11,223
up €11,223 (+24.2%), from €46,421 to €57,644
- Taxes +€4,422
up €4,422 (+42.4%), from €10,432 to €14,854
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 | €265,767 | €397,043 | +€131,276 | +49.4% |
| Fixed assets | 21/28 | €142,663 | €191,569 | +€48,906 | +34.3% |
| Tangible fixed assets | 22/27 | €142,663 | €191,569 | +€48,906 | +34.3% |
| Land and buildings | 22 | €5,501 | €126,994 | +€121,493 | +2,208% |
| Plant, machinery and equipment | 23 | €12,878 | €9,217 | -€3,662 | -28.4% |
| Furniture and vehicles | 24 | €74,765 | €45,249 | -€29,515 | -39.5% |
| Leasing and similar rights | 25 | €49,519 | €10,109 | -€39,410 | -79.6% |
| Current assets | 29/58 | €123,104 | €205,474 | +€82,370 | +66.9% |
| Amounts receivable within one year | 40/41 | €30,852 | €24,423 | -€6,430 | -20.8% |
| Trade receivables | 40 | €15,268 | €15,663 | +€395 | +2.6% |
| Other amounts receivable | 41 | €15,585 | €8,760 | -€6,825 | -43.8% |
| Cash at bank and in hand | 54/58 | €88,834 | €179,223 | +€90,389 | +102% |
| Deferred charges and accrued income | 490/1 | €3,418 | €1,828 | -€1,590 | -46.5% |
| Total equity and liabilities | 10/49 | €265,767 | €397,043 | +€131,276 | +49.4% |
| Equity | 10/15 | €121,025 | €121,025 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €118,025 | €118,025 | = | 0.0% |
| Distributable reserves | 133 | €118,025 | €118,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,742 | €276,018 | +€131,276 | +90.7% |
| Amounts payable after more than one year | 17 | €48,444 | €153,491 | +€105,047 | +217% |
| Financial debts | 170/4 | €48,444 | €153,491 | +€105,047 | +217% |
| Amounts payable within one year | 42/48 | €96,276 | €122,505 | +€26,229 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €28,109 | €30,028 | +€1,919 | +6.8% |
| Trade debts | 44 | €4,454 | €1,859 | -€2,595 | -58.3% |
| Suppliers | 440/4 | €4,454 | €1,859 | -€2,595 | -58.3% |
| Taxes, remuneration and social security | 45 | €19,689 | €40,677 | +€20,988 | +107% |
| Taxes | 450/3 | €1,951 | €11,317 | +€9,366 | +480% |
| Remuneration and social security | 454/9 | €17,739 | €29,360 | +€11,622 | +65.5% |
| Other amounts payable | 47/48 | €44,023 | €49,941 | +€5,917 | +13.4% |
| Accrued charges and deferred income | 492/3 | €21 | €21 | = | 0.0% |
| Non-recurring operating income | 76A | €1,594 | €15,567 | +€13,973 | +877% |
| Remuneration, social security and pensions | 62 | €93,176 | €106,853 | +€13,677 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,421 | €57,644 | +€11,223 | +24.2% |
| Other operating charges | 640/8 | €1,204 | €1,499 | +€295 | +24.5% |
| Non-recurring operating charges | 66A | €361 | €0 | -€361 | -100% |
| Gross operating margin | 9900 | €198,108 | €242,741 | +€44,633 | +22.5% |
| Operating profit (loss) | 9901 | €56,946 | €76,745 | +€19,799 | +34.8% |
| Financial income | 75/76B | €483 | €0 | -€483 | -100% |
| Recurring financial income | 75 | €483 | €0 | -€483 | -100% |
| Financial charges | 65/66B | €2,973 | €3,728 | +€754 | +25.4% |
| Recurring financial charges | 65 | €2,973 | €3,728 | +€754 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | €54,455 | €73,017 | +€18,562 | +34.1% |
| Income taxes | 67/77 | €10,432 | €14,854 | +€4,422 | +42.4% |
| Profit (loss) for the period | 9904 | €44,023 | €58,164 | +€14,140 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,023 | €58,164 | +€14,140 | +32.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.