Wart Van Schel: what changed
What changed
Wart Van Schel
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€3,898
2024 · €4,038-€140
Equity
€87,728
2024 · €83,830+€3,898
Cash
€9,374
2024 · €11,941-€2,567
Balance sheet total
€982,725
2024 · €1.0m-€53,603
Largest movements
Assets
- Tangible fixed assets -€32,851
down €32,851 (-4.1%), from €809,961 to €777,110
of which Plant, machinery and equipment: -€18,024
- Deferred charges and accrued income -€10,831
down €10,831 (-98.5%), from €10,992 to €161
Equity and liabilities
- Debts after one year -€35,357
down €35,357 (-6.5%), from €543,004 to €507,647
Income statement
- Depreciation +€1,944
up €1,944 (+4.2%), from €46,699 to €48,643
- Financial charges -€1,560
down €1,560 (-6.5%), from €24,136 to €22,576
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
€4,038
Gross operating margin
+€515
Depreciation
-€1,944
Other operating charges
+€411
Financial income
-€694
Financial charges
+€1,560
Taxes
+€12
Result 2025
€3,898
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
+€48,537
Investment
-€8,438
Financing
-€42,666
Cash 2024
€11,941
From operations (derived)
+€48,537
Net result for the year
+€3,898
Depreciation
+€48,643
Deferred charges and accrued income
+€10,831
Trade debts
-€9,979
Tax, wage and social debts
+€2,009
Other debts
-€3,865
Accrued charges and deferred income
-€3,000
Investment (derived)
-€8,438
Investment in fixed assets (net)
-€8,438
Financing
-€42,666
Debts after one year
-€35,357
Current portion of long-term debt
-€7,309
Cash 2025
€9,374
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,036,328 | €982,725 | -€53,603 | -5.2% |
| Fixed assets | 21/28 | €1,013,395 | €973,190 | -€40,205 | -4.0% |
| Intangible fixed assets | 21 | €22,054 | €14,700 | -€7,354 | -33.3% |
| Tangible fixed assets | 22/27 | €809,961 | €777,110 | -€32,851 | -4.1% |
| Land and buildings | 22 | €659,302 | €642,031 | -€17,271 | -2.6% |
| Plant, machinery and equipment | 23 | €149,692 | €131,668 | -€18,024 | -12.0% |
| Furniture and vehicles | 24 | €967 | €3,411 | +€2,444 | +253% |
| Financial fixed assets | 28 | €181,380 | €181,380 | = | 0.0% |
| Current assets | 29/58 | €22,933 | €9,535 | -€13,398 | -58.4% |
| Cash at bank and in hand | 54/58 | €11,941 | €9,374 | -€2,567 | -21.5% |
| Deferred charges and accrued income | 490/1 | €10,992 | €161 | -€10,831 | -98.5% |
| Total equity and liabilities | 10/49 | €1,036,328 | €982,725 | -€53,603 | -5.2% |
| Equity | 10/15 | €83,830 | €87,728 | +€3,898 | +4.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €107,327 | €107,327 | = | 0.0% |
| Distributable reserves | 133 | €107,327 | €107,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,497 | -€20,599 | +€3,898 | +15.9% |
| Amounts payable | 17/49 | €952,498 | €894,997 | -€57,501 | -6.0% |
| Amounts payable after more than one year | 17 | €543,004 | €507,647 | -€35,357 | -6.5% |
| Financial debts | 170/4 | €543,004 | €507,647 | -€35,357 | -6.5% |
| Amounts payable within one year | 42/48 | €406,494 | €387,350 | -€19,144 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €42,666 | €35,357 | -€7,309 | -17.1% |
| Trade debts | 44 | €11,603 | €1,624 | -€9,979 | -86.0% |
| Suppliers | 440/4 | €11,603 | €1,624 | -€9,979 | -86.0% |
| Taxes, remuneration and social security | 45 | €6,670 | €8,679 | +€2,009 | +30.1% |
| Taxes | 450/3 | €6,670 | €8,679 | +€2,009 | +30.1% |
| Other amounts payable | 47/48 | €345,555 | €341,690 | -€3,865 | -1.1% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,699 | €48,643 | +€1,944 | +4.2% |
| Other operating charges | 640/8 | €5,226 | €4,815 | -€411 | -7.9% |
| Gross operating margin | 9900 | €79,743 | €80,258 | +€515 | +0.6% |
| Operating profit (loss) | 9901 | €27,818 | €26,800 | -€1,018 | -3.7% |
| Financial income | 75/76B | €694 | - | -€694 | |
| Recurring financial income | 75 | €694 | - | -€694 | |
| Financial charges | 65/66B | €24,136 | €22,576 | -€1,560 | -6.5% |
| Recurring financial charges | 65 | €24,136 | €22,576 | -€1,560 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €4,376 | €4,224 | -€152 | -3.5% |
| Income taxes | 67/77 | €338 | €326 | -€12 | -3.6% |
| Profit (loss) for the period | 9904 | €4,038 | €3,898 | -€140 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,038 | €3,898 | -€140 | -3.5% |
Next steps
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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 3 November 2026 via checked.be.