XAVIER SCHEID: what changed
Two fiscal 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.
XAVIER SCHEID
Largest movements
- Cash -€46,499
down €46,499 (-27.1%), from €171,754 to €125,255
mainly Contributions, distributions and other (-€35,294) and Net result for the year (-€26,678)
- Tangible fixed assets -€9,972
down €9,972 (-38.8%), from €25,716 to €15,744
of which Furniture and vehicles: -€8,555
- Receivables within one year -€7,052
down €7,052 (-94.0%), from €7,499 to €448
of which Other amounts receivable: -€6,137
- Profit (loss) carried forward -€61,972
down €61,972 (-26.0%), from €238,373 to €176,401
- Current portion of long-term debt -€4,305
no longer reported in 2025 (was €4,305)
- Other debts +€4,105
up €4,105 (+22.9%), from €17,908 to €22,014
- Gross operating margin +€3,711
up €3,711 (+16.3%), from -€22,748 to -€19,037
- Depreciation -€2,907
down €2,907 (-25.8%), from €11,251 to €8,345
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 | €279,186 | €217,515 | -€61,671 | -22.1% |
| Fixed assets | 21/28 | €25,716 | €15,744 | -€9,972 | -38.8% |
| Tangible fixed assets | 22/27 | €25,716 | €15,744 | -€9,972 | -38.8% |
| Land and buildings | 22 | €7,737 | €7,107 | -€629 | -8.1% |
| Plant, machinery and equipment | 23 | €1,507 | €719 | -€788 | -52.3% |
| Furniture and vehicles | 24 | €10,273 | €1,718 | -€8,555 | -83.3% |
| Other tangible fixed assets | 26 | €6,200 | €6,200 | = | 0.0% |
| Current assets | 29/58 | €253,470 | €201,771 | -€51,699 | -20.4% |
| Amounts receivable after more than one year | 29 | €73,320 | €75,140 | +€1,820 | +2.5% |
| Other amounts receivable | 291 | €73,320 | €75,140 | +€1,820 | +2.5% |
| Amounts receivable within one year | 40/41 | €7,499 | €448 | -€7,052 | -94.0% |
| Trade receivables | 40 | €1,362 | €448 | -€914 | -67.1% |
| Other amounts receivable | 41 | €6,137 | - | -€6,137 | |
| Cash at bank and in hand | 54/58 | €171,754 | €125,255 | -€46,499 | -27.1% |
| Deferred charges and accrued income | 490/1 | €897 | €929 | +€32 | +3.6% |
| Total equity and liabilities | 10/49 | €279,186 | €217,515 | -€61,671 | -22.1% |
| Equity | 10/15 | €256,973 | €195,001 | -€61,972 | -24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,373 | €176,401 | -€61,972 | -26.0% |
| Amounts payable | 17/49 | €22,214 | €22,514 | +€301 | +1.4% |
| Amounts payable within one year | 42/48 | €22,214 | €22,514 | +€301 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €4,305 | - | -€4,305 | |
| Trade debts | 44 | - | €489 | +€489 | |
| Suppliers | 440/4 | - | €489 | +€489 | |
| Taxes, remuneration and social security | 45 | - | €11 | +€11 | |
| Taxes | 450/3 | - | €11 | +€11 | |
| Other amounts payable | 47/48 | €17,908 | €22,014 | +€4,105 | +22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,251 | €8,345 | -€2,907 | -25.8% |
| Other operating charges | 640/8 | €769 | €800 | +€30 | +3.9% |
| Gross operating margin | 9900 | -€22,748 | -€19,037 | +€3,711 | +16.3% |
| Operating profit (loss) | 9901 | -€34,769 | -€28,181 | +€6,587 | +18.9% |
| Financial income | 75/76B | €1,820 | €1,821 | +€1 | 0.0% |
| Recurring financial income | 75 | €1,820 | €1,821 | +€1 | 0.0% |
| Financial charges | 65/66B | €455 | €317 | -€138 | -30.2% |
| Recurring financial charges | 65 | €455 | €317 | -€138 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€33,403 | -€26,678 | +€6,725 | +20.1% |
| Income taxes | 67/77 | €96 | - | -€96 | |
| Profit (loss) for the period | 9904 | -€33,499 | -€26,678 | +€6,821 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,499 | -€26,678 | +€6,821 | +20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.