HET SCHALUINTJE: 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.
HET SCHALUINTJE
Largest movements
- Current investments +€83,677
up €83,677 (+6,694,133%), from €1 to €83,678
- Cash -€74,193
down €74,193 (-86.3%), from €85,971 to €11,778
mainly Current investments (-€83,677) and Investment in fixed assets (net) (-€12,683)
- Tangible fixed assets +€4,107
up €4,107 (+14.0%), from €29,399 to €33,506
of which Furniture and vehicles: +€3,286
- Receivables within one year -€1,714
down €1,714 (-20.5%), from €8,358 to €6,644
of which Trade receivables: -€1,485
- Reserves +€9,303
up €9,303 (+13.3%), from €70,040 to €79,342
- Other debts +€2,458
up €2,458 (+8.2%), from €30,104 to €32,562
- Current portion of long-term debt -€1,370
no longer reported in 2025 (was €1,370)
- Depreciation -€4,002
down €4,002 (-31.8%), from €12,578 to €8,576
- Gross operating margin -€1,669
down €1,669 (-5.8%), from €28,942 to €27,273
- Taxes +€504
up €504 (+14.2%), from €3,554 to €4,058
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 | €124,396 | €136,504 | +€12,108 | +9.7% |
| Fixed assets | 21/28 | €29,399 | €33,506 | +€4,107 | +14.0% |
| Tangible fixed assets | 22/27 | €29,399 | €33,506 | +€4,107 | +14.0% |
| Plant, machinery and equipment | 23 | €2,775 | €1,771 | -€1,004 | -36.2% |
| Furniture and vehicles | 24 | €402 | €3,689 | +€3,286 | +817% |
| Other tangible fixed assets | 26 | €26,222 | €28,046 | +€1,824 | +7.0% |
| Current assets | 29/58 | €94,997 | €102,998 | +€8,002 | +8.4% |
| Amounts receivable within one year | 40/41 | €8,358 | €6,644 | -€1,714 | -20.5% |
| Trade receivables | 40 | €1,485 | - | -€1,485 | |
| Other amounts receivable | 41 | €6,874 | €6,644 | -€229 | -3.3% |
| Current investments | 50/53 | €1 | €83,678 | +€83,677 | +6,694,133% |
| Cash at bank and in hand | 54/58 | €85,971 | €11,778 | -€74,193 | -86.3% |
| Deferred charges and accrued income | 490/1 | €666 | €898 | +€231 | +34.7% |
| Total equity and liabilities | 10/49 | €124,396 | €136,504 | +€12,108 | +9.7% |
| Equity | 10/15 | €88,632 | €97,934 | +€9,303 | +10.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,040 | €79,342 | +€9,303 | +13.3% |
| Distributable reserves | 133 | €70,040 | €79,342 | +€9,303 | +13.3% |
| Amounts payable | 17/49 | €35,764 | €38,570 | +€2,806 | +7.8% |
| Amounts payable within one year | 42/48 | €35,764 | €38,428 | +€2,664 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €1,370 | - | -€1,370 | |
| Trade debts | 44 | €2,199 | €2,205 | +€6 | +0.3% |
| Suppliers | 440/4 | €2,199 | €2,205 | +€6 | +0.3% |
| Advances received on contracts in progress | 46 | €925 | €2,045 | +€1,120 | +121% |
| Taxes, remuneration and social security | 45 | €1,166 | €1,617 | +€451 | +38.7% |
| Taxes | 450/3 | €1,166 | €1,617 | +€451 | +38.7% |
| Other amounts payable | 47/48 | €30,104 | €32,562 | +€2,458 | +8.2% |
| Accrued charges and deferred income | 492/3 | - | €141 | +€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,578 | €8,576 | -€4,002 | -31.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €210 | +€210 | |
| Other operating charges | 640/8 | €1,285 | €1,178 | -€108 | -8.4% |
| Gross operating margin | 9900 | €28,942 | €27,273 | -€1,669 | -5.8% |
| Operating profit (loss) | 9901 | €15,079 | €17,310 | +€2,230 | +14.8% |
| Financial income | 75/76B | €357 | €401 | +€44 | +12.4% |
| Recurring financial income | 75 | €357 | €401 | +€44 | +12.4% |
| Financial charges | 65/66B | €2,875 | €2,684 | -€191 | -6.6% |
| Recurring financial charges | 65 | €2,875 | €2,684 | -€191 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €12,561 | €15,026 | +€2,466 | +19.6% |
| Income taxes | 67/77 | €3,554 | €4,058 | +€504 | +14.2% |
| Profit (loss) for the period | 9904 | €9,007 | €10,969 | +€1,962 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,007 | €10,969 | +€1,962 | +21.8% |
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 27 October 2026 via checked.be.