K.Schellekens: 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.
K.Schellekens
Largest movements
- Cash +€50,803
up €50,803 (+38.6%), from €131,629 to €182,432
mainly Net result for the year (+€136,710) and Depreciation (+€59,989)
- Receivables within one year -€16,551
down €16,551 (-26.1%), from €63,496 to €46,945
of which Other amounts receivable: -€16,913
- Tangible fixed assets +€12,183
up €12,183 (+2.3%), from €518,915 to €531,098
of which Land and buildings: +€324,943
- Other debts +€55,999
new in 2025: €55,999
- Debts after one year -€49,416
down €49,416 (-30.7%), from €161,027 to €111,611
- Profit (loss) carried forward +€36,710
up €36,710 (+5.6%), from €661,288 to €697,998
- Financial income -€30,969
down €30,969 (-67.9%), from €45,579 to €14,610
of which Non-recurring financial income: -€34,237
- Gross operating margin +€8,208
up €8,208 (+2.2%), from €365,069 to €373,277
- Depreciation +€5,861
up €5,861 (+10.8%), from €54,128 to €59,989
- Staff costs +€3,793
up €3,793 (+3.7%), from €101,552 to €105,345
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 | €914,290 | €962,431 | +€48,141 | +5.3% |
| Fixed assets | 21/28 | €518,955 | €531,138 | +€12,183 | +2.3% |
| Tangible fixed assets | 22/27 | €518,915 | €531,098 | +€12,183 | +2.3% |
| Land and buildings | 22 | - | €324,943 | +€324,943 | |
| Plant, machinery and equipment | 23 | €345,320 | €46,042 | -€299,278 | -86.7% |
| Furniture and vehicles | 24 | €31,090 | €160,113 | +€129,023 | +415% |
| Leasing and similar rights | 25 | €142,505 | - | -€142,505 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €395,335 | €431,293 | +€35,958 | +9.1% |
| Amounts receivable within one year | 40/41 | €63,496 | €46,945 | -€16,551 | -26.1% |
| Trade receivables | 40 | €46,583 | €46,945 | +€362 | +0.8% |
| Other amounts receivable | 41 | €16,913 | - | -€16,913 | |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €131,629 | €182,432 | +€50,803 | +38.6% |
| Deferred charges and accrued income | 490/1 | €210 | €1,916 | +€1,706 | +812% |
| Total equity and liabilities | 10/49 | €914,290 | €962,431 | +€48,141 | +5.3% |
| Equity | 10/15 | €701,288 | €737,998 | +€36,710 | +5.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €661,288 | €697,998 | +€36,710 | +5.6% |
| Amounts payable | 17/49 | €213,002 | €224,433 | +€11,431 | +5.4% |
| Amounts payable after more than one year | 17 | €161,027 | €111,611 | -€49,416 | -30.7% |
| Financial debts | 170/4 | €161,027 | €111,611 | -€49,416 | -30.7% |
| Amounts payable within one year | 42/48 | €51,975 | €112,822 | +€60,847 | +117% |
| Current portion of amounts payable after more than one year | 42 | €48,523 | €49,416 | +€893 | +1.8% |
| Trade debts | 44 | €3,452 | €7,407 | +€3,955 | +115% |
| Suppliers | 440/4 | €3,452 | €7,407 | +€3,955 | +115% |
| Other amounts payable | 47/48 | - | €55,999 | +€55,999 | |
| Remuneration, social security and pensions | 62 | €101,552 | €105,345 | +€3,793 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,128 | €59,989 | +€5,861 | +10.8% |
| Other operating charges | 640/8 | €4,193 | €3,311 | -€882 | -21.0% |
| Gross operating margin | 9900 | €365,069 | €373,277 | +€8,208 | +2.2% |
| Operating profit (loss) | 9901 | €205,196 | €204,632 | -€564 | -0.3% |
| Financial income | 75/76B | €45,579 | €14,610 | -€30,969 | -67.9% |
| Recurring financial income | 75 | €5,579 | €8,847 | +€3,268 | +58.6% |
| Non-recurring financial income | 76B | €40,000 | €5,763 | -€34,237 | -85.6% |
| Financial charges | 65/66B | €5,641 | €4,078 | -€1,563 | -27.7% |
| Recurring financial charges | 65 | €5,641 | €4,042 | -€1,599 | -28.3% |
| Non-recurring financial charges | 66B | - | €36 | +€36 | |
| Profit (loss) for the period before taxes | 9903 | €245,134 | €215,164 | -€29,970 | -12.2% |
| Income taxes | 67/77 | €78,388 | €78,454 | +€66 | +0.1% |
| Profit (loss) for the period | 9904 | €166,746 | €136,710 | -€30,036 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €166,746 | €136,710 | -€30,036 | -18.0% |
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 26 October 2026 via checked.be.