YVES SCHEERS: 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.
YVES SCHEERS
Largest movements
- Cash +€79,413
up €79,413 (+41.7%), from €190,521 to €269,934
mainly Net result for the year (+€137,584) and Other debts (+€93,657)
- Receivables within one year -€31,635
down €31,635 (-10.4%), from €304,191 to €272,556
of which Trade receivables: -€28,150
- Other debts +€93,657
up €93,657 (+83.1%), from €112,720 to €206,377
- Trade debts -€89,691
down €89,691 (-88.1%), from €101,799 to €12,108
- Reserves +€48,982
up €48,982 (+6.2%), from €790,016 to €838,998
- Gross operating margin +€32,336
up €32,336 (+19.6%), from €165,181 to €197,517
- Taxes +€9,806
up €9,806 (+25.5%), from €38,508 to €48,314
- Depreciation +€2,268
up €2,268 (+32.6%), from €6,965 to €9,233
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 | €1,028,779 | €1,078,053 | +€49,274 | +4.8% |
| Fixed assets | 21/28 | €29,885 | €20,652 | -€9,233 | -30.9% |
| Tangible fixed assets | 22/27 | €29,885 | €20,652 | -€9,233 | -30.9% |
| Plant, machinery and equipment | 23 | €1,533 | €1,192 | -€341 | -22.2% |
| Furniture and vehicles | 24 | €2,545 | €0 | -€2,545 | -100% |
| Other tangible fixed assets | 26 | €25,807 | €19,460 | -€6,347 | -24.6% |
| Current assets | 29/58 | €998,894 | €1,057,401 | +€58,507 | +5.9% |
| Stocks and contracts in progress | 3 | - | €10,699 | +€10,699 | |
| Stocks | 30/36 | - | €10,699 | +€10,699 | |
| Amounts receivable within one year | 40/41 | €304,191 | €272,556 | -€31,635 | -10.4% |
| Trade receivables | 40 | €287,528 | €259,378 | -€28,150 | -9.8% |
| Other amounts receivable | 41 | €16,663 | €13,178 | -€3,485 | -20.9% |
| Current investments | 50/53 | €500,000 | €500,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €190,521 | €269,934 | +€79,413 | +41.7% |
| Deferred charges and accrued income | 490/1 | €4,182 | €4,212 | +€30 | +0.7% |
| Total equity and liabilities | 10/49 | €1,028,779 | €1,078,053 | +€49,274 | +4.8% |
| Equity | 10/15 | €808,616 | €857,598 | +€48,982 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €790,016 | €838,998 | +€48,982 | +6.2% |
| Distributable reserves | 133 | €790,016 | €838,998 | +€48,982 | +6.2% |
| Amounts payable | 17/49 | €220,163 | €220,455 | +€292 | +0.1% |
| Amounts payable within one year | 42/48 | €220,097 | €220,388 | +€291 | +0.1% |
| Trade debts | 44 | €101,799 | €12,108 | -€89,691 | -88.1% |
| Suppliers | 440/4 | €101,799 | €12,108 | -€89,691 | -88.1% |
| Taxes, remuneration and social security | 45 | €5,578 | €1,903 | -€3,675 | -65.9% |
| Taxes | 450/3 | €5,578 | €1,903 | -€3,675 | -65.9% |
| Other amounts payable | 47/48 | €112,720 | €206,377 | +€93,657 | +83.1% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,965 | €9,233 | +€2,268 | +32.6% |
| Other operating charges | 640/8 | €3,399 | €2,132 | -€1,267 | -37.3% |
| Gross operating margin | 9900 | €165,181 | €197,517 | +€32,336 | +19.6% |
| Operating profit (loss) | 9901 | €154,817 | €186,152 | +€31,335 | +20.2% |
| Financial income | 75/76B | €227 | - | -€227 | |
| Recurring financial income | 75 | €227 | - | -€227 | |
| Financial charges | 65/66B | €68 | €254 | +€186 | +274% |
| Recurring financial charges | 65 | €68 | €254 | +€186 | +274% |
| Profit (loss) for the period before taxes | 9903 | €154,976 | €185,898 | +€30,922 | +20.0% |
| Income taxes | 67/77 | €38,508 | €48,314 | +€9,806 | +25.5% |
| Profit (loss) for the period | 9904 | €116,468 | €137,584 | +€21,116 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,468 | €137,584 | +€21,116 | +18.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.