DE SCHEEMAEKER: 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 SCHEEMAEKER
Largest movements
- Tangible fixed assets -€77,973
down €77,973 (-4.2%), from €1.8m to €1.8m
of which Land and buildings: -€70,485
- Profit (loss) carried forward -€87,561
down €87,561 (-12.2%), from -€719,658 to -€807,219
- Trade debts +€23,862
up €23,862 (+405.6%), from €5,883 to €29,745
- Gross operating margin -€214,841
down €214,841 (-90.3%), from €238,017 to €23,176
- Taxes -€41,904
down €41,904 (-100.0%), from €41,904 to €0
- Other operating charges -€9,195
down €9,195 (-43.0%), from €21,366 to €12,171
- Depreciation -€5,286
down €5,286 (-7.0%), from €75,821 to €70,535
- Financial charges -€4,605
down €4,605 (-14.1%), from €32,640 to €28,035
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 | €1,843,457 | €1,767,155 | -€76,302 | -4.1% |
| Fixed assets | 21/28 | €1,836,776 | €1,758,803 | -€77,973 | -4.2% |
| Tangible fixed assets | 22/27 | €1,836,775 | €1,758,802 | -€77,973 | -4.2% |
| Land and buildings | 22 | €1,829,288 | €1,758,802 | -€70,485 | -3.9% |
| Plant, machinery and equipment | 23 | €50 | €0 | -€50 | -100.0% |
| Furniture and vehicles | 24 | €7,438 | €0 | -€7,438 | -100.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €6,680 | €8,351 | +€1,671 | +25.0% |
| Amounts receivable within one year | 40/41 | €5,842 | €7,586 | +€1,744 | +29.9% |
| Trade receivables | 40 | €5,842 | €7,586 | +€1,744 | +29.9% |
| Cash at bank and in hand | 54/58 | €125 | €0 | -€125 | -100.0% |
| Deferred charges and accrued income | 490/1 | €713 | €765 | +€52 | +7.2% |
| Total equity and liabilities | 10/49 | €1,843,457 | €1,767,155 | -€76,302 | -4.1% |
| Equity | 10/15 | €92,542 | €4,981 | -€87,561 | -94.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €650,256 | €650,256 | = | 0.0% |
| Reserves | 13 | €99,944 | €99,944 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,696 | €68,696 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €62,496 | €62,496 | = | 0.0% |
| Distributable reserves | 133 | €31,248 | €31,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€719,658 | -€807,219 | -€87,561 | -12.2% |
| Amounts payable | 17/49 | €1,750,914 | €1,762,174 | +€11,259 | +0.6% |
| Amounts payable within one year | 42/48 | €1,750,914 | €1,762,174 | +€11,259 | +0.6% |
| Financial debts | 43 | - | €44 | +€44 | |
| Credit institutions | 430/8 | - | €44 | +€44 | |
| Trade debts | 44 | €5,883 | €29,745 | +€23,862 | +405.6% |
| Suppliers | 440/4 | €5,883 | €29,745 | +€23,862 | +405.6% |
| Taxes, remuneration and social security | 45 | €324,997 | €327,850 | +€2,853 | +0.9% |
| Taxes | 450/3 | €324,997 | €327,850 | +€2,853 | +0.9% |
| Other amounts payable | 47/48 | €1,420,034 | €1,404,534 | -€15,500 | -1.1% |
| Non-recurring operating income | 76A | - | €5,980 | +€5,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,821 | €70,535 | -€5,286 | -7.0% |
| Other operating charges | 640/8 | €21,366 | €12,171 | -€9,195 | -43.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €238,017 | €23,176 | -€214,841 | -90.3% |
| Operating profit (loss) | 9901 | €140,830 | -€59,530 | -€200,359 | |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €32,640 | €28,035 | -€4,605 | -14.1% |
| Recurring financial charges | 65 | €32,640 | €28,035 | -€4,605 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €108,190 | -€87,561 | -€195,752 | |
| Income taxes | 67/77 | €41,904 | €0 | -€41,904 | -100.0% |
| Profit (loss) for the period | 9904 | €66,286 | -€87,561 | -€153,848 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,286 | -€87,561 | -€153,848 |
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.