DE SCHOUWVEGER: 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 SCHOUWVEGER
Largest movements
- Cash +€14,508
up €14,508 (+27.1%), from €53,445 to €67,953
mainly Depreciation (+€23,259) and Net result for the year (+€20,046)
- Tangible fixed assets -€12,822
down €12,822 (-15.1%), from €85,034 to €72,212
- Deferred charges and accrued income +€7,875
up €7,875 (+69.4%), from €11,345 to €19,220
- Receivables within one year +€5,093
up €5,093 (+10.3%), from €49,616 to €54,709
of which Other amounts receivable: +€7,612
- Reserves +€20,046
up €20,046 (+16.1%), from €124,446 to €144,492
of which Distributable reserves: +€20,046
- Trade debts -€17,597
down €17,597 (-41.0%), from €42,889 to €25,293
- Accrued charges and deferred income +€11,890
up €11,890 (+10,809%), from €110 to €12,000
- Gross operating margin -€60,175
down €60,175 (-28.8%), from €208,881 to €148,706
- Staff costs -€19,876
down €19,876 (-24.3%), from €81,666 to €61,790
- Other operating charges -€14,792
down €14,792 (-34.1%), from €43,365 to €28,573
- Depreciation +€9,645
up €9,645 (+70.8%), from €13,614 to €23,259
- Write-downs -€8,727
down €8,727 (-100%), from €8,727 to €0
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 | €213,841 | €228,166 | +€14,325 | +6.7% |
| Fixed assets | 21/28 | €98,436 | €85,284 | -€13,152 | -13.4% |
| Tangible fixed assets | 22/27 | €85,034 | €72,212 | -€12,822 | -15.1% |
| Plant, machinery and equipment | 23 | €85,034 | €72,212 | -€12,822 | -15.1% |
| Financial fixed assets | 28 | €13,402 | €13,072 | -€330 | -2.5% |
| Current assets | 29/58 | €115,405 | €142,882 | +€27,477 | +23.8% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,616 | €54,709 | +€5,093 | +10.3% |
| Trade receivables | 40 | €36,233 | €33,714 | -€2,518 | -7.0% |
| Other amounts receivable | 41 | €13,383 | €20,994 | +€7,612 | +56.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €53,445 | €67,953 | +€14,508 | +27.1% |
| Deferred charges and accrued income | 490/1 | €11,345 | €19,220 | +€7,875 | +69.4% |
| Total equity and liabilities | 10/49 | €213,841 | €228,166 | +€14,325 | +6.7% |
| Equity | 10/15 | €143,046 | €163,092 | +€20,046 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,446 | €144,492 | +€20,046 | +16.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,474 | €9,474 | = | 0.0% |
| Distributable reserves | 133 | €114,972 | €135,018 | +€20,046 | +17.4% |
| Amounts payable | 17/49 | €70,795 | €65,073 | -€5,722 | -8.1% |
| Amounts payable within one year | 42/48 | €70,685 | €53,073 | -€17,612 | -24.9% |
| Trade debts | 44 | €42,889 | €25,293 | -€17,597 | -41.0% |
| Suppliers | 440/4 | €42,889 | €25,293 | -€17,597 | -41.0% |
| Taxes, remuneration and social security | 45 | €27,796 | €27,781 | -€15 | -0.1% |
| Taxes | 450/3 | €22,298 | €22,372 | +€74 | +0.3% |
| Remuneration and social security | 454/9 | €5,498 | €5,408 | -€90 | -1.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €110 | €12,000 | +€11,890 | +10,809% |
| Remuneration, social security and pensions | 62 | €81,666 | €61,790 | -€19,876 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,614 | €23,259 | +€9,645 | +70.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,727 | €0 | -€8,727 | -100% |
| Other operating charges | 640/8 | €43,365 | €28,573 | -€14,792 | -34.1% |
| Gross operating margin | 9900 | €208,881 | €148,706 | -€60,175 | -28.8% |
| Operating profit (loss) | 9901 | €61,510 | €35,085 | -€26,425 | -43.0% |
| Financial income | 75/76B | €668 | €783 | +€115 | +17.2% |
| Recurring financial income | 75 | €668 | €783 | +€115 | +17.2% |
| Financial charges | 65/66B | €4,256 | €3,719 | -€537 | -12.6% |
| Recurring financial charges | 65 | €4,256 | €3,719 | -€537 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €57,922 | €32,149 | -€25,773 | -44.5% |
| Income taxes | 67/77 | €20,047 | €12,102 | -€7,944 | -39.6% |
| Profit (loss) for the period | 9904 | €37,875 | €20,046 | -€17,829 | -47.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,875 | €20,046 | -€17,829 | -47.1% |
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 30 October 2026 via checked.be.