SCHAEVERWERKEN: 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.
SCHAEVERWERKEN
Largest movements
- Cash +€27,967
up €27,967 (+131.2%), from €21,316 to €49,283
mainly Depreciation (+€58,268) and Trade debts (+€54,058)
- Receivables within one year +€24,764
up €24,764 (+74.2%), from €33,356 to €58,120
of which Trade receivables: +€16,076
- Tangible fixed assets -€12,135
down €12,135 (-9.4%), from €129,387 to €117,253
of which Furniture and vehicles: -€30,834
- Deferred charges and accrued income +€10,566
up €10,566 (+2024.2%), from €522 to €11,088
- Stocks and contracts +€5,469
up €5,469 (+10.6%), from €51,530 to €56,999
of which Contracts in progress: +€4,409
- Trade debts +€54,058
up €54,058 (+539.0%), from €10,029 to €64,087
- Other debts -€38,066
down €38,066 (-35.5%), from €107,134 to €69,068
- Debts after one year +€21,061
up €21,061 (+99.9%), from €21,084 to €42,145
- Reserves +€15,811
up €15,811 (+27.6%), from €57,262 to €73,073
- Current portion of long-term debt +€10,979
up €10,979 (+113.0%), from €9,717 to €20,696
- Staff costs +€25,810
up €25,810 (+34.8%), from €74,142 to €99,952
- Gross operating margin -€11,935
down €11,935 (-5.9%), from €203,057 to €191,121
- Depreciation +€10,540
up €10,540 (+22.1%), from €47,728 to €58,268
- Taxes -€10,190
down €10,190 (-57.1%), from €17,847 to €7,657
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 | €238,378 | €294,499 | +€56,121 | +23.5% |
| Fixed assets | 21/28 | €131,655 | €119,010 | -€12,645 | -9.6% |
| Intangible fixed assets | 21 | €2,267 | €1,757 | -€510 | -22.5% |
| Tangible fixed assets | 22/27 | €129,387 | €117,253 | -€12,135 | -9.4% |
| Plant, machinery and equipment | 23 | €53,960 | €36,756 | -€17,204 | -31.9% |
| Furniture and vehicles | 24 | €71,210 | €40,377 | -€30,834 | -43.3% |
| Leasing and similar rights | 25 | - | €36,334 | +€36,334 | |
| Other tangible fixed assets | 26 | €4,217 | €3,786 | -€431 | -10.2% |
| Current assets | 29/58 | €106,724 | €175,489 | +€68,765 | +64.4% |
| Stocks and contracts in progress | 3 | €51,530 | €56,999 | +€5,469 | +10.6% |
| Stocks | 30/36 | €6,769 | €7,829 | +€1,060 | +15.7% |
| Contracts in progress | 37 | €44,761 | €49,170 | +€4,409 | +9.9% |
| Amounts receivable within one year | 40/41 | €33,356 | €58,120 | +€24,764 | +74.2% |
| Trade receivables | 40 | €19,306 | €35,382 | +€16,076 | +83.3% |
| Other amounts receivable | 41 | €14,050 | €22,738 | +€8,688 | +61.8% |
| Cash at bank and in hand | 54/58 | €21,316 | €49,283 | +€27,967 | +131.2% |
| Deferred charges and accrued income | 490/1 | €522 | €11,088 | +€10,566 | +2024.2% |
| Total equity and liabilities | 10/49 | €238,378 | €294,499 | +€56,121 | +23.5% |
| Equity | 10/15 | €67,262 | €83,073 | +€15,811 | +23.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €57,262 | €73,073 | +€15,811 | +27.6% |
| Distributable reserves | 133 | €57,262 | €73,073 | +€15,811 | +27.6% |
| Amounts payable | 17/49 | €171,116 | €211,426 | +€40,310 | +23.6% |
| Amounts payable after more than one year | 17 | €21,084 | €42,145 | +€21,061 | +99.9% |
| Financial debts | 170/4 | €21,084 | €42,145 | +€21,061 | +99.9% |
| Amounts payable within one year | 42/48 | €150,032 | €169,282 | +€19,249 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €9,717 | €20,696 | +€10,979 | +113.0% |
| Trade debts | 44 | €10,029 | €64,087 | +€54,058 | +539.0% |
| Suppliers | 440/4 | €10,029 | €64,087 | +€54,058 | +539.0% |
| Taxes, remuneration and social security | 45 | €23,152 | €15,431 | -€7,722 | -33.4% |
| Taxes | 450/3 | €19,421 | €9,124 | -€10,297 | -53.0% |
| Remuneration and social security | 454/9 | €3,731 | €6,307 | +€2,576 | +69.0% |
| Other amounts payable | 47/48 | €107,134 | €69,068 | -€38,066 | -35.5% |
| Remuneration, social security and pensions | 62 | €74,142 | €99,952 | +€25,810 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,728 | €58,268 | +€10,540 | +22.1% |
| Other operating charges | 640/8 | €5,758 | €4,179 | -€1,579 | -27.4% |
| Non-recurring operating charges | 66A | €8,600 | - | -€8,600 | |
| Gross operating margin | 9900 | €203,057 | €191,121 | -€11,935 | -5.9% |
| Operating profit (loss) | 9901 | €66,828 | €28,722 | -€38,106 | -57.0% |
| Financial income | 75/76B | €265 | €543 | +€278 | +104.9% |
| Recurring financial income | 75 | €265 | €543 | +€278 | +104.9% |
| Financial charges | 65/66B | €3,873 | €5,797 | +€1,924 | +49.7% |
| Recurring financial charges | 65 | €3,873 | €5,797 | +€1,924 | +49.7% |
| Profit (loss) for the period before taxes | 9903 | €63,220 | €23,468 | -€39,752 | -62.9% |
| Income taxes | 67/77 | €17,847 | €7,657 | -€10,190 | -57.1% |
| Profit (loss) for the period | 9904 | €45,373 | €15,811 | -€29,562 | -65.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,373 | €15,811 | -€29,562 | -65.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.