DE SCHABBE: 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.
DE SCHABBE
Largest movements
- Tangible fixed assets +€351,529
up €351,529 (+81.7%), from €430,378 to €781,907
of which Land and buildings: +€503,417
- Receivables within one year +€132,549
up €132,549 (+673.7%), from €19,674 to €152,222
of which Trade receivables: +€135,035
- Cash -€128,452
down €128,452 (-61.7%), from €208,324 to €79,872
mainly Investment in fixed assets (net) (-€419,627) and Contributions, distributions and other (-€134,779)
- Debts after one year +€309,314
up €309,314 (+174.5%), from €177,270 to €486,584
- Contributions -€61,000
down €61,000 (-98.4%), from €62,000 to €1,000
- Reserves +€59,249
up €59,249 (+18.2%), from €325,501 to €384,750
- Tax, wage and social debts +€45,011
up €45,011 (+25067.4%), from €180 to €45,191
of which Taxes: +€37,040
- Gross operating margin +€194,190
up €194,190 (+236.7%), from €82,053 to €276,244
- Taxes +€48,498
up €48,498 (+618.0%), from €7,848 to €56,346
- Depreciation +€24,696
up €24,696 (+56.9%), from €43,401 to €68,097
- Financial charges +€12,362
up €12,362 (+245.4%), from €5,037 to €17,399
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 | €660,745 | €1,018,042 | +€357,297 | +54.1% |
| Fixed assets | 21/28 | €430,378 | €781,907 | +€351,529 | +81.7% |
| Tangible fixed assets | 22/27 | €430,378 | €781,907 | +€351,529 | +81.7% |
| Land and buildings | 22 | €165,681 | €669,098 | +€503,417 | +303.8% |
| Furniture and vehicles | 24 | €57,430 | €48,311 | -€9,119 | -15.9% |
| Other tangible fixed assets | 26 | €59,638 | €64,498 | +€4,860 | +8.1% |
| Assets under construction and advance payments | 27 | €147,629 | €0 | -€147,629 | -100.0% |
| Current assets | 29/58 | €230,367 | €236,134 | +€5,768 | +2.5% |
| Amounts receivable within one year | 40/41 | €19,674 | €152,222 | +€132,549 | +673.7% |
| Trade receivables | 40 | €6,574 | €141,610 | +€135,035 | +2054.0% |
| Other amounts receivable | 41 | €13,100 | €10,613 | -€2,487 | -19.0% |
| Cash at bank and in hand | 54/58 | €208,324 | €79,872 | -€128,452 | -61.7% |
| Deferred charges and accrued income | 490/1 | €2,370 | €4,040 | +€1,671 | +70.5% |
| Total equity and liabilities | 10/49 | €660,745 | €1,018,042 | +€357,297 | +54.1% |
| Equity | 10/15 | €404,514 | €402,764 | -€1,751 | -0.4% |
| Contributions | 10/11 | €62,000 | €1,000 | -€61,000 | -98.4% |
| Reserves | 13 | €325,501 | €384,750 | +€59,249 | +18.2% |
| Distributable reserves | 133 | €325,501 | €384,750 | +€59,249 | +18.2% |
| Profit (loss) carried forward | 14 | €17,014 | €17,014 | = | 0.0% |
| Amounts payable | 17/49 | €256,230 | €615,278 | +€359,048 | +140.1% |
| Amounts payable after more than one year | 17 | €177,270 | €486,584 | +€309,314 | +174.5% |
| Financial debts | 170/4 | €177,270 | €486,584 | +€309,314 | +174.5% |
| Amounts payable within one year | 42/48 | €74,884 | €124,725 | +€49,842 | +66.6% |
| Current portion of amounts payable after more than one year | 42 | €31,002 | €38,874 | +€7,871 | +25.4% |
| Trade debts | 44 | €1,098 | €3,413 | +€2,315 | +210.9% |
| Suppliers | 440/4 | €1,098 | €3,413 | +€2,315 | +210.9% |
| Taxes, remuneration and social security | 45 | €180 | €45,191 | +€45,011 | +25067.4% |
| Taxes | 450/3 | €180 | €37,220 | +€37,040 | +20628.2% |
| Remuneration and social security | 454/9 | - | €7,971 | +€7,971 | |
| Other amounts payable | 47/48 | €42,604 | €37,248 | -€5,356 | -12.6% |
| Accrued charges and deferred income | 492/3 | €4,077 | €3,968 | -€108 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,401 | €68,097 | +€24,696 | +56.9% |
| Other operating charges | 640/8 | €1,284 | €1,648 | +€363 | +28.3% |
| Gross operating margin | 9900 | €82,053 | €276,244 | +€194,190 | +236.7% |
| Operating profit (loss) | 9901 | €37,368 | €206,499 | +€169,130 | +452.6% |
| Financial income | 75/76B | €1 | €274 | +€273 | +23734.8% |
| Recurring financial income | 75 | €1 | €274 | +€273 | +23734.8% |
| Financial charges | 65/66B | €5,037 | €17,399 | +€12,362 | +245.4% |
| Recurring financial charges | 65 | €5,037 | €17,399 | +€12,362 | +245.4% |
| Profit (loss) for the period before taxes | 9903 | €32,333 | €189,374 | +€157,041 | +485.7% |
| Income taxes | 67/77 | €7,848 | €56,346 | +€48,498 | +618.0% |
| Profit (loss) for the period | 9904 | €24,486 | €133,029 | +€108,543 | +443.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,486 | €133,029 | +€108,543 | +443.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.