NANCY SCHUDDINCK: what changed
Two fiscal 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.
NANCY SCHUDDINCK
Largest movements
- Tangible fixed assets +€69,159
up €69,159 (+3.9%), from €1.8m to €1.8m
of which Land and buildings: +€85,927
- Cash +€63,581
up €63,581 (+24.1%), from €264,086 to €327,666
mainly Net result for the year (+€223,029) and Depreciation (+€140,489)
- Reserves +€222,500
up €222,500 (+15.4%), from €1.4m to €1.7m
of which Distributable reserves: +€222,500
- Other debts -€41,945
down €41,945 (-44.3%), from €94,727 to €52,782
- Debts after one year -€39,549
down €39,549 (-10.9%), from €362,139 to €322,590
- Depreciation +€7,713
up €7,713 (+5.8%), from €132,776 to €140,489
- Other operating charges -€6,993
down €6,993 (-22.7%), from €30,744 to €23,751
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 | €2,029,670 | €2,154,908 | +€125,239 | +6.2% |
| Fixed assets | 21/28 | €1,753,696 | €1,822,855 | +€69,159 | +3.9% |
| Tangible fixed assets | 22/27 | €1,753,696 | €1,822,855 | +€69,159 | +3.9% |
| Land and buildings | 22 | €1,723,527 | €1,809,454 | +€85,927 | +5.0% |
| Plant, machinery and equipment | 23 | €9,486 | €7,169 | -€2,317 | -24.4% |
| Furniture and vehicles | 24 | €20,682 | €6,232 | -€14,451 | -69.9% |
| Current assets | 29/58 | €275,974 | €332,054 | +€56,080 | +20.3% |
| Amounts receivable within one year | 40/41 | €5,546 | €1,054 | -€4,492 | -81.0% |
| Trade receivables | 40 | €5,546 | €1,054 | -€4,492 | -81.0% |
| Cash at bank and in hand | 54/58 | €264,086 | €327,666 | +€63,581 | +24.1% |
| Deferred charges and accrued income | 490/1 | €6,343 | €3,333 | -€3,009 | -47.4% |
| Total equity and liabilities | 10/49 | €2,029,670 | €2,154,908 | +€125,239 | +6.2% |
| Equity | 10/15 | €1,479,408 | €1,702,437 | +€223,029 | +15.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,442,210 | €1,664,710 | +€222,500 | +15.4% |
| 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 | €1,440,350 | €1,662,850 | +€222,500 | +15.4% |
| Profit (loss) carried forward | 14 | €22,198 | €22,727 | +€529 | +2.4% |
| Amounts payable | 17/49 | €550,262 | €452,471 | -€97,791 | -17.8% |
| Amounts payable after more than one year | 17 | €362,139 | €322,590 | -€39,549 | -10.9% |
| Financial debts | 170/4 | €362,139 | €322,590 | -€39,549 | -10.9% |
| Amounts payable within one year | 42/48 | €188,123 | €129,881 | -€58,241 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €38,992 | €39,549 | +€557 | +1.4% |
| Trade debts | 44 | €2,839 | €2,271 | -€569 | -20.0% |
| Suppliers | 440/4 | €2,839 | €2,271 | -€569 | -20.0% |
| Taxes, remuneration and social security | 45 | €51,565 | €35,280 | -€16,285 | -31.6% |
| Taxes | 450/3 | €51,565 | €35,280 | -€16,285 | -31.6% |
| Other amounts payable | 47/48 | €94,727 | €52,782 | -€41,945 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,776 | €140,489 | +€7,713 | +5.8% |
| Other operating charges | 640/8 | €30,744 | €23,751 | -€6,993 | -22.7% |
| Gross operating margin | 9900 | €490,591 | €493,176 | +€2,585 | +0.5% |
| Operating profit (loss) | 9901 | €327,072 | €328,937 | +€1,865 | +0.6% |
| Financial income | 75/76B | €1 | €11 | +€10 | +931.5% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +931.5% |
| Financial charges | 65/66B | €6,459 | €5,917 | -€543 | -8.4% |
| Recurring financial charges | 65 | €6,459 | €5,917 | -€543 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €320,614 | €323,032 | +€2,418 | +0.8% |
| Income taxes | 67/77 | €104,441 | €100,002 | -€4,438 | -4.2% |
| Profit (loss) for the period | 9904 | €216,173 | €223,029 | +€6,856 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €216,173 | €223,029 | +€6,856 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.