PH. SCHEIR: 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.
PH. SCHEIR
Largest movements
- Tangible fixed assets -€93,828
down €93,828 (-7.7%), from €1.2m to €1.1m
of which Land and buildings: -€108,695
- Cash +€77,464
up €77,464 (+57.9%), from €133,704 to €211,167
mainly Other debts (+€216,496) and Net result for the year (+€108,484)
- Receivables within one year +€67,121
up €67,121 (+1,321%), from €5,081 to €72,202
of which Other amounts receivable: +€48,121
- Other debts +€216,496
up €216,496 (+55.5%), from €390,428 to €606,924
- Reserves -€99,460
down €99,460 (-8.1%), from €1.2m to €1.1m
- Current portion of long-term debt -€62,047
down €62,047 (-86.2%), from €71,956 to €9,909
- Gross operating margin -€131,413
down €131,413 (-41.4%), from €317,215 to €185,802
- Financial income +€100,207
up €100,207 (+20,298%), from €494 to €100,700
- Taxes -€53,060
down €53,060 (-75.7%), from €70,068 to €17,008
- Depreciation -€14,114
down €14,114 (-27.6%), from €51,163 to €37,049
- Financial charges +€10,013
up €10,013 (+31.7%), from €31,569 to €41,582
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 | €1,778,073 | €1,827,327 | +€49,254 | +2.8% |
| Fixed assets | 21/28 | €1,613,728 | €1,519,899 | -€93,828 | -5.8% |
| Tangible fixed assets | 22/27 | €1,223,659 | €1,129,831 | -€93,828 | -7.7% |
| Land and buildings | 22 | €857,599 | €748,903 | -€108,695 | -12.7% |
| Plant, machinery and equipment | 23 | €73 | €0 | -€73 | -100% |
| Furniture and vehicles | 24 | €355,767 | €372,279 | +€16,513 | +4.6% |
| Other tangible fixed assets | 26 | €10,220 | €8,648 | -€1,572 | -15.4% |
| Financial fixed assets | 28 | €390,069 | €390,069 | = | 0.0% |
| Current assets | 29/58 | €164,345 | €307,427 | +€143,082 | +87.1% |
| Amounts receivable within one year | 40/41 | €5,081 | €72,202 | +€67,121 | +1,321% |
| Trade receivables | 40 | €0 | €19,000 | +€19,000 | |
| Other amounts receivable | 41 | €5,081 | €53,202 | +€48,121 | +947% |
| Current investments | 50/53 | €22,720 | €22,720 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,704 | €211,167 | +€77,464 | +57.9% |
| Deferred charges and accrued income | 490/1 | €2,840 | €1,338 | -€1,502 | -52.9% |
| Total equity and liabilities | 10/49 | €1,778,073 | €1,827,327 | +€49,254 | +2.8% |
| Equity | 10/15 | €1,241,880 | €1,142,420 | -€99,460 | -8.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,221,807 | €1,122,347 | -€99,460 | -8.1% |
| Distributable reserves | 133 | €1,221,807 | €1,122,347 | -€99,460 | -8.1% |
| Profit (loss) carried forward | 14 | €1,481 | €1,481 | = | 0.0% |
| Amounts payable | 17/49 | €536,193 | €684,906 | +€148,713 | +27.7% |
| Amounts payable after more than one year | 17 | €60,894 | €52,626 | -€8,268 | -13.6% |
| Financial debts | 170/4 | €60,894 | €52,626 | -€8,268 | -13.6% |
| Amounts payable within one year | 42/48 | €475,300 | €632,280 | +€156,981 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | €71,956 | €9,909 | -€62,047 | -86.2% |
| Trade debts | 44 | €638 | €786 | +€148 | +23.2% |
| Suppliers | 440/4 | €638 | €786 | +€148 | +23.2% |
| Taxes, remuneration and social security | 45 | €12,278 | €14,661 | +€2,384 | +19.4% |
| Taxes | 450/3 | €12,278 | €14,661 | +€2,384 | +19.4% |
| Other amounts payable | 47/48 | €390,428 | €606,924 | +€216,496 | +55.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,163 | €37,049 | -€14,114 | -27.6% |
| Other operating charges | 640/8 | €6,132 | €7,879 | +€1,747 | +28.5% |
| Non-recurring operating charges | 66A | - | €74,502 | +€74,502 | |
| Gross operating margin | 9900 | €317,215 | €185,802 | -€131,413 | -41.4% |
| Operating profit (loss) | 9901 | €259,921 | €66,373 | -€193,548 | -74.5% |
| Financial income | 75/76B | €494 | €100,700 | +€100,207 | +20,298% |
| Recurring financial income | 75 | €494 | €100,700 | +€100,207 | +20,298% |
| Financial charges | 65/66B | €31,569 | €41,582 | +€10,013 | +31.7% |
| Recurring financial charges | 65 | €31,569 | €41,582 | +€10,013 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €228,846 | €125,491 | -€103,355 | -45.2% |
| Income taxes | 67/77 | €70,068 | €17,008 | -€53,060 | -75.7% |
| Profit (loss) for the period | 9904 | €158,778 | €108,484 | -€50,295 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €158,778 | €108,484 | -€50,295 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.