ESPACE SCHEUTVELD: 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.
ESPACE SCHEUTVELD
Largest movements
- Stocks and contracts -€35,775
down €35,775 (-39.2%), from €91,320 to €55,545
- Receivables within one year -€14,673
down €14,673 (-56.6%), from €25,905 to €11,232
of which Trade receivables: -€15,892
- Cash -€8,682
down €8,682 (-84.8%), from €10,240 to €1,558
mainly Net result for the year (-€59,820) and Other debts (-€11,729)
- Tangible fixed assets -€8,150
down €8,150 (-31.0%), from €26,299 to €18,149
- Profit (loss) carried forward -€59,820
new in 2025: -€59,820
- Short-term financial debts +€16,700
new in 2025: €16,700
- Other debts -€11,729
down €11,729 (-99.3%), from €11,810 to €81
- Tax, wage and social debts -€9,234
down €9,234 (-29.7%), from €31,107 to €21,873
of which Taxes: -€10,217
- Advances received -€5,452
down €5,452 (-18.5%), from €29,469 to €24,017
- Gross operating margin -€64,889
down €64,889 (-65.2%), from €99,588 to €34,699
- Taxes -€13,456
down €13,456 (-100.0%), from €13,456 to €0
- Staff costs +€3,429
up €3,429 (+6.8%), from €50,443 to €53,872
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 | €154,445 | €87,519 | -€66,926 | -43.3% |
| Fixed assets | 21/28 | €26,299 | €18,149 | -€8,150 | -31.0% |
| Tangible fixed assets | 22/27 | €26,299 | €18,149 | -€8,150 | -31.0% |
| Furniture and vehicles | 24 | €26,299 | €18,149 | -€8,150 | -31.0% |
| Current assets | 29/58 | €128,145 | €69,369 | -€58,776 | -45.9% |
| Stocks and contracts in progress | 3 | €91,320 | €55,545 | -€35,775 | -39.2% |
| Stocks | 30/36 | €91,320 | €55,545 | -€35,775 | -39.2% |
| Amounts receivable within one year | 40/41 | €25,905 | €11,232 | -€14,673 | -56.6% |
| Trade receivables | 40 | €25,905 | €10,013 | -€15,892 | -61.3% |
| Other amounts receivable | 41 | €0 | €1,219 | +€1,219 | |
| Cash at bank and in hand | 54/58 | €10,240 | €1,558 | -€8,682 | -84.8% |
| Deferred charges and accrued income | 490/1 | €680 | €1,034 | +€354 | +52.1% |
| Total equity and liabilities | 10/49 | €154,445 | €87,519 | -€66,926 | -43.3% |
| Equity | 10/15 | €76,152 | €16,332 | -€59,820 | -78.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,552 | €57,552 | = | 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 | €55,692 | €55,692 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€59,820 | -€59,820 | |
| Amounts payable | 17/49 | €78,293 | €71,187 | -€7,106 | -9.1% |
| Amounts payable within one year | 42/48 | €78,293 | €71,187 | -€7,106 | -9.1% |
| Financial debts | 43 | - | €16,700 | +€16,700 | |
| Credit institutions | 430/8 | - | €16,700 | +€16,700 | |
| Trade debts | 44 | €5,907 | €8,516 | +€2,609 | +44.2% |
| Suppliers | 440/4 | €5,907 | €8,516 | +€2,609 | +44.2% |
| Advances received on contracts in progress | 46 | €29,469 | €24,017 | -€5,452 | -18.5% |
| Taxes, remuneration and social security | 45 | €31,107 | €21,873 | -€9,234 | -29.7% |
| Taxes | 450/3 | €25,553 | €15,336 | -€10,217 | -40.0% |
| Remuneration and social security | 454/9 | €5,555 | €6,538 | +€983 | +17.7% |
| Other amounts payable | 47/48 | €11,810 | €81 | -€11,729 | -99.3% |
| Remuneration, social security and pensions | 62 | €50,443 | €53,872 | +€3,429 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,150 | €8,150 | = | 0.0% |
| Other operating charges | 640/8 | €249 | €249 | = | 0.0% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €99,588 | €34,699 | -€64,889 | -65.2% |
| Operating profit (loss) | 9901 | €40,746 | -€57,572 | -€98,318 | |
| Financial income | 75/76B | €857 | €444 | -€413 | -48.2% |
| Recurring financial income | 75 | €857 | €444 | -€413 | -48.2% |
| Financial charges | 65/66B | €1,868 | €2,692 | +€825 | +44.2% |
| Recurring financial charges | 65 | €1,868 | €2,692 | +€825 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €39,736 | -€59,820 | -€99,556 | |
| Income taxes | 67/77 | €13,456 | €0 | -€13,456 | -100.0% |
| Profit (loss) for the period | 9904 | €26,280 | -€59,820 | -€86,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,280 | -€59,820 | -€86,100 |
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 11 October 2026 via checked.be.