LOTELING SCHILDE: 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.
LOTELING SCHILDE
Largest movements
- Tangible fixed assets -€104,631
down €104,631 (-21.7%), from €481,959 to €377,328
of which Other tangible fixed assets: -€102,373
- Cash -€61,944
down €61,944 (-36.2%), from €170,991 to €109,047
mainly Other debts (-€173,677) and Contributions, distributions and other (-€118,300)
- Receivables within one year -€55,258
down €55,258 (-31.1%), from €177,544 to €122,287
of which Other amounts receivable: -€49,847
- Stocks and contracts -€20,781
down €20,781 (-30.7%), from €67,615 to €46,833
- Other debts -€173,677
down €173,677 (-36.6%), from €474,152 to €300,474
- Trade debts -€49,718
down €49,718 (-23.1%), from €215,024 to €165,306
- Current portion of long-term debt -€13,533
down €13,533 (-34.8%), from €38,902 to €25,369
- Accrued charges and deferred income -€10,064
down €10,064 (-69.8%), from €14,414 to €4,349
- Gross operating margin -€382,983
down €382,983 (-17.2%), from €2.2m to €1.8m
- Staff costs -€237,553
down €237,553 (-13.5%), from €1.8m to €1.5m
- Depreciation -€45,712
down €45,712 (-24.9%), from €183,765 to €138,053
- Taxes -€36,221
down €36,221 (-51.2%), from €70,728 to €34,506
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €917,215 | €667,086 | -€250,129 | -27.3% |
| Fixed assets | 21/28 | €481,959 | €377,328 | -€104,631 | -21.7% |
| Tangible fixed assets | 22/27 | €481,959 | €377,328 | -€104,631 | -21.7% |
| Plant, machinery and equipment | 23 | €34,990 | €29,773 | -€5,217 | -14.9% |
| Furniture and vehicles | 24 | €44,574 | €47,533 | +€2,959 | +6.6% |
| Other tangible fixed assets | 26 | €402,395 | €300,022 | -€102,373 | -25.4% |
| Current assets | 29/58 | €435,256 | €289,758 | -€145,498 | -33.4% |
| Stocks and contracts in progress | 3 | €67,615 | €46,833 | -€20,781 | -30.7% |
| Stocks | 30/36 | €67,615 | €46,833 | -€20,781 | -30.7% |
| Amounts receivable within one year | 40/41 | €177,544 | €122,287 | -€55,258 | -31.1% |
| Trade receivables | 40 | €46,050 | €40,639 | -€5,410 | -11.7% |
| Other amounts receivable | 41 | €131,495 | €81,647 | -€49,847 | -37.9% |
| Cash at bank and in hand | 54/58 | €170,991 | €109,047 | -€61,944 | -36.2% |
| Deferred charges and accrued income | 490/1 | €19,106 | €11,591 | -€7,515 | -39.3% |
| Total equity and liabilities | 10/49 | €917,215 | €667,086 | -€250,129 | -27.3% |
| Equity | 10/15 | €72 | €0 | -€72 | -99.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €72 | €0 | -€72 | -99.9% |
| Amounts payable | 17/49 | €917,143 | €667,086 | -€250,056 | -27.3% |
| Amounts payable within one year | 42/48 | €902,729 | €662,737 | -€239,992 | -26.6% |
| Current portion of amounts payable after more than one year | 42 | €38,902 | €25,369 | -€13,533 | -34.8% |
| Financial debts | 43 | €137 | €1,935 | +€1,798 | +1,314% |
| Credit institutions | 430/8 | €137 | €1,935 | +€1,798 | +1,314% |
| Trade debts | 44 | €215,024 | €165,306 | -€49,718 | -23.1% |
| Suppliers | 440/4 | €215,024 | €165,306 | -€49,718 | -23.1% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €174,515 | €169,653 | -€4,862 | -2.8% |
| Taxes | 450/3 | €27,184 | €33,428 | +€6,244 | +23.0% |
| Remuneration and social security | 454/9 | €147,331 | €136,224 | -€11,107 | -7.5% |
| Other amounts payable | 47/48 | €474,152 | €300,474 | -€173,677 | -36.6% |
| Accrued charges and deferred income | 492/3 | €14,414 | €4,349 | -€10,064 | -69.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,759,004 | €1,521,450 | -€237,553 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,765 | €138,053 | -€45,712 | -24.9% |
| Other operating charges | 640/8 | €9,466 | €6,539 | -€2,927 | -30.9% |
| Non-recurring operating charges | 66A | - | €4,497 | +€4,497 | |
| Gross operating margin | 9900 | €2,231,376 | €1,848,393 | -€382,983 | -17.2% |
| Operating profit (loss) | 9901 | €279,142 | €177,854 | -€101,288 | -36.3% |
| Financial income | 75/76B | €10 | €0 | -€10 | -100% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100% |
| Financial charges | 65/66B | €36,342 | €25,120 | -€11,222 | -30.9% |
| Recurring financial charges | 65 | €36,342 | €25,120 | -€11,222 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €242,810 | €152,734 | -€90,076 | -37.1% |
| Income taxes | 67/77 | €70,728 | €34,506 | -€36,221 | -51.2% |
| Profit (loss) for the period | 9904 | €172,082 | €118,228 | -€53,854 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €172,082 | €118,228 | -€53,854 | -31.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.