SCHAERLAEKENS: 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.
SCHAERLAEKENS
Largest movements
- Receivables within one year -€41,550
down €41,550 (-26.6%), from €156,197 to €114,647
of which Other amounts receivable: -€107,286
- Tangible fixed assets +€30,842
up €30,842 (+121%), from €25,433 to €56,274
of which Furniture and vehicles: +€33,239
- Reserves -€63,011
down €63,011 (-19.6%), from €321,895 to €258,884
of which Distributable reserves: -€61,151
- Other debts +€39,354
up €39,354 (+9,269%), from €425 to €39,779
- Tax, wage and social debts +€7,289
up €7,289 (+711%), from €1,025 to €8,314
- Trade debts +€4,015
up €4,015 (+140%), from €2,869 to €6,885
- Gross operating margin +€73,605
up €73,605 (+90.7%), from €81,119 to €154,724
- Taxes +€21,710
up €21,710 (+92.7%), from €23,428 to €45,138
- Depreciation +€5,979
up €5,979 (+48.3%), from €12,371 to €18,350
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 | €340,088 | €327,906 | -€12,182 | -3.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €25,433 | €56,274 | +€30,842 | +121% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €25,433 | €56,274 | +€30,842 | +121% |
| Plant, machinery and equipment | 23 | €1,150 | €587 | -€563 | -48.9% |
| Furniture and vehicles | 24 | €7,678 | €40,917 | +€33,239 | +433% |
| Other tangible fixed assets | 26 | €16,605 | €14,770 | -€1,835 | -11.1% |
| Current assets | 29/58 | €314,656 | €271,632 | -€43,024 | -13.7% |
| Amounts receivable within one year | 40/41 | €156,197 | €114,647 | -€41,550 | -26.6% |
| Trade receivables | 40 | €16,331 | €82,067 | +€65,736 | +403% |
| Other amounts receivable | 41 | €139,866 | €32,580 | -€107,286 | -76.7% |
| Cash at bank and in hand | 54/58 | €156,625 | €154,813 | -€1,813 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,834 | €2,172 | +€339 | +18.5% |
| Total equity and liabilities | 10/49 | €340,088 | €327,906 | -€12,182 | -3.6% |
| Equity | 10/15 | €334,395 | €271,384 | -€63,011 | -18.8% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €321,895 | €258,884 | -€63,011 | -19.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €301,285 | €240,134 | -€61,151 | -20.3% |
| Amounts payable | 17/49 | €5,693 | €56,523 | +€50,829 | +893% |
| Amounts payable within one year | 42/48 | €4,319 | €54,978 | +€50,658 | +1,173% |
| Trade debts | 44 | €2,869 | €6,885 | +€4,015 | +140% |
| Suppliers | 440/4 | €2,869 | €6,885 | +€4,015 | +140% |
| Taxes, remuneration and social security | 45 | €1,025 | €8,314 | +€7,289 | +711% |
| Taxes | 450/3 | €1,025 | €8,314 | +€7,289 | +711% |
| Other amounts payable | 47/48 | €425 | €39,779 | +€39,354 | +9,269% |
| Accrued charges and deferred income | 492/3 | €1,374 | €1,545 | +€171 | +12.5% |
| Non-recurring operating income | 76A | - | €7,025 | +€7,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,371 | €18,350 | +€5,979 | +48.3% |
| Other operating charges | 640/8 | €839 | €838 | -€1 | -0.1% |
| Gross operating margin | 9900 | €81,119 | €154,724 | +€73,605 | +90.7% |
| Operating profit (loss) | 9901 | €67,909 | €135,536 | +€67,627 | +99.6% |
| Financial income | 75/76B | €6,191 | €5,436 | -€756 | -12.2% |
| Recurring financial income | 75 | €6,191 | €5,436 | -€756 | -12.2% |
| Financial charges | 65/66B | €150 | €165 | +€15 | +10.0% |
| Recurring financial charges | 65 | €150 | €165 | +€15 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | €73,950 | €140,806 | +€66,856 | +90.4% |
| Income taxes | 67/77 | €23,428 | €45,138 | +€21,710 | +92.7% |
| Profit (loss) for the period | 9904 | €50,522 | €95,668 | +€45,146 | +89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €50,522 | €95,668 | +€45,146 | +89.4% |
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 28 October 2026 via checked.be.