CABINET SCHELL: 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.
CABINET SCHELL
Largest movements
- Tangible fixed assets -€544
no longer reported in 2025 (was €544)
- Profit (loss) carried forward -€2,645
down €2,645 (-1.2%), from -€212,941 to -€215,586
- Short-term financial debts +€1,844
up €1,844 (+12.3%), from €15,053 to €16,897
- Gross operating margin +€2,944
no longer reported in 2025 (was -€2,944)
- Purchases and services -€2,944
no longer reported in 2025 (was €2,944)
- Financial charges -€324
down €324 (-13.4%), from €2,425 to €2,101
- Depreciation +€44
up €44 (+8.9%), from €500 to €544
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 | €46,267 | €45,466 | -€801 | -1.7% |
| Fixed assets | 21/28 | €544 | - | -€544 | |
| Tangible fixed assets | 22/27 | €544 | - | -€544 | |
| Furniture and vehicles | 24 | €544 | - | -€544 | |
| Current assets | 29/58 | €45,723 | €45,466 | -€257 | -0.6% |
| Amounts receivable within one year | 40/41 | €34,101 | €33,844 | -€257 | -0.8% |
| Trade receivables | 40 | €33,844 | €33,844 | = | 0.0% |
| Other amounts receivable | 41 | €257 | - | -€257 | |
| Cash at bank and in hand | 54/58 | €540 | €540 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €11,082 | €11,082 | = | 0.0% |
| Total equity and liabilities | 10/49 | €46,267 | €45,466 | -€801 | -1.7% |
| Equity | 10/15 | -€3,829 | -€6,474 | -€2,645 | -69.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €190,512 | €190,512 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €188,652 | €188,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€212,941 | -€215,586 | -€2,645 | -1.2% |
| Amounts payable | 17/49 | €50,096 | €51,940 | +€1,844 | +3.7% |
| Amounts payable within one year | 42/48 | €50,096 | €51,940 | +€1,844 | +3.7% |
| Financial debts | 43 | €15,053 | €16,897 | +€1,844 | +12.3% |
| Credit institutions | 430/8 | €15,053 | €16,897 | +€1,844 | +12.3% |
| Other amounts payable | 47/48 | €35,043 | €35,043 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,944 | - | -€2,944 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €500 | €544 | +€44 | +8.9% |
| Gross operating margin | 9900 | -€2,944 | - | +€2,944 | |
| Operating profit (loss) | 9901 | -€3,444 | -€544 | +€2,900 | +84.2% |
| Financial charges | 65/66B | €2,425 | €2,101 | -€324 | -13.4% |
| Recurring financial charges | 65 | €2,425 | €2,101 | -€324 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,869 | -€2,645 | +€3,223 | +54.9% |
| Profit (loss) for the period | 9904 | -€5,869 | -€2,645 | +€3,223 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,869 | -€2,645 | +€3,223 | +54.9% |
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 8 October 2026 via checked.be.