DE SCHANSHOEVE: 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.
DE SCHANSHOEVE
Largest movements
- Stocks and contracts +€173,378
up €173,378 (+34.2%), from €506,352 to €679,730
- Cash +€60,776
up €60,776 (+353%), from €17,207 to €77,983
mainly Net result for the year (+€212,776) and Depreciation (+€179,830)
- Receivables within one year -€39,860
down €39,860 (-50.1%), from €79,630 to €39,770
of which Other amounts receivable: -€39,387
- Reserves +€211,109
up €211,109 (+29.9%), from €706,584 to €917,693
of which Distributable reserves: +€211,109
- Short-term financial debts +€100,000
new in 2025: €100,000
- Debts after one year -€93,943
down €93,943 (-43.5%), from €216,032 to €122,089
- Current portion of long-term debt -€34,821
down €34,821 (-27.0%), from €128,765 to €93,943
- Tax, wage and social debts +€29,957
up €29,957 (+1,377%), from €2,176 to €32,132
- Gross operating margin -€66,040
down €66,040 (-11.3%), from €585,859 to €519,819
- Depreciation +€36,530
up €36,530 (+25.5%), from €143,300 to €179,830
- Taxes -€15,011
down €15,011 (-13.4%), from €111,660 to €96,649
- Financial charges -€9,795
down €9,795 (-39.9%), from €24,562 to €14,767
- Financial income -€7,872
down €7,872 (-64.2%), from €12,253 to €4,381
of which Non-recurring financial income: -€7,000
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 | €1,451,848 | €1,647,714 | +€195,866 | +13.5% |
| Fixed assets | 21/28 | €835,876 | €835,781 | -€95 | 0.0% |
| Intangible fixed assets | 21 | €455 | €126 | -€329 | -72.3% |
| Tangible fixed assets | 22/27 | €835,223 | €835,457 | +€234 | 0.0% |
| Land and buildings | 22 | €507,918 | €412,287 | -€95,630 | -18.8% |
| Plant, machinery and equipment | 23 | €53,990 | €133,247 | +€79,257 | +147% |
| Furniture and vehicles | 24 | €273,315 | €289,923 | +€16,607 | +6.1% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €615,972 | €811,933 | +€195,961 | +31.8% |
| Stocks and contracts in progress | 3 | €506,352 | €679,730 | +€173,378 | +34.2% |
| Stocks | 30/36 | €506,352 | €679,730 | +€173,378 | +34.2% |
| Amounts receivable within one year | 40/41 | €79,630 | €39,770 | -€39,860 | -50.1% |
| Trade receivables | 40 | €17,147 | €16,674 | -€473 | -2.8% |
| Other amounts receivable | 41 | €62,483 | €23,096 | -€39,387 | -63.0% |
| Current investments | 50/53 | €4,040 | €5,390 | +€1,350 | +33.4% |
| Cash at bank and in hand | 54/58 | €17,207 | €77,983 | +€60,776 | +353% |
| Deferred charges and accrued income | 490/1 | €8,742 | €9,059 | +€317 | +3.6% |
| Total equity and liabilities | 10/49 | €1,451,848 | €1,647,714 | +€195,866 | +13.5% |
| Equity | 10/15 | €891,662 | €1,102,872 | +€211,211 | +23.7% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €706,584 | €917,693 | +€211,109 | +29.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €159,980 | €159,980 | = | 0.0% |
| Distributable reserves | 133 | €546,604 | €757,713 | +€211,109 | +38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €10,077 | €10,179 | +€102 | +1.0% |
| Provisions and deferred taxes | 16 | €1,079 | €1,016 | -€63 | -5.9% |
| Deferred taxes | 168 | €1,079 | €1,016 | -€63 | -5.9% |
| Amounts payable | 17/49 | €559,107 | €543,826 | -€15,282 | -2.7% |
| Amounts payable after more than one year | 17 | €216,032 | €122,089 | -€93,943 | -43.5% |
| Financial debts | 170/4 | €216,032 | €122,089 | -€93,943 | -43.5% |
| Amounts payable within one year | 42/48 | €340,687 | €420,425 | +€79,737 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €128,765 | €93,943 | -€34,821 | -27.0% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €140,230 | €123,168 | -€17,062 | -12.2% |
| Suppliers | 440/4 | €140,230 | €123,168 | -€17,062 | -12.2% |
| Taxes, remuneration and social security | 45 | €2,176 | €32,132 | +€29,957 | +1,377% |
| Taxes | 450/3 | €2,176 | €32,132 | +€29,957 | +1,377% |
| Other amounts payable | 47/48 | €69,517 | €71,182 | +€1,664 | +2.4% |
| Accrued charges and deferred income | 492/3 | €2,388 | €1,312 | -€1,076 | -45.0% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,300 | €179,830 | +€36,530 | +25.5% |
| Other operating charges | 640/8 | €14,883 | €20,380 | +€5,497 | +36.9% |
| Non-recurring operating charges | 66A | €4 | €0 | -€4 | -100% |
| Gross operating margin | 9900 | €585,859 | €519,819 | -€66,040 | -11.3% |
| Operating profit (loss) | 9901 | €427,672 | €319,609 | -€108,063 | -25.3% |
| Financial income | 75/76B | €12,253 | €4,381 | -€7,872 | -64.2% |
| Recurring financial income | 75 | €5,253 | €4,381 | -€872 | -16.6% |
| Non-recurring financial income | 76B | €7,000 | €0 | -€7,000 | -100% |
| Financial charges | 65/66B | €24,562 | €14,767 | -€9,795 | -39.9% |
| Recurring financial charges | 65 | €24,562 | €14,767 | -€9,795 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | €415,363 | €309,224 | -€106,139 | -25.6% |
| Transfer from deferred taxes | 780 | €171 | €202 | +€31 | +17.9% |
| Income taxes | 67/77 | €111,660 | €96,649 | -€15,011 | -13.4% |
| Profit (loss) for the period | 9904 | €303,874 | €212,776 | -€91,098 | -30.0% |
| Transfer to tax-exempt reserves | 689 | €159,980 | €0 | -€159,980 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €143,894 | €212,776 | +€68,882 | +47.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.