Schaft: 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.
Schaft
Largest movements
- Tangible fixed assets -€69,428
down €69,428 (-10.2%), from €678,295 to €608,867
of which Land and buildings: -€40,015
- Debts after one year -€54,161
down €54,161 (-10.9%), from €495,310 to €441,149
- Current portion of long-term debt -€46,216
down €46,216 (-78.0%), from €59,272 to €13,056
- Short-term financial debts +€41,249
new in 2025: €41,249
- Trade debts +€13,443
up €13,443 (+43.0%), from €31,264 to €44,707
- Other debts -€11,050
down €11,050 (-4.6%), from €242,836 to €231,786
- Gross operating margin -€15,197
down €15,197 (-5.8%), from €262,758 to €247,561
- Financial charges -€5,593
down €5,593 (-30.2%), from €18,512 to €12,919
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 | €744,315 | €681,730 | -€62,584 | -8.4% |
| Fixed assets | 21/28 | €679,795 | €608,867 | -€70,928 | -10.4% |
| Intangible fixed assets | 21 | €1,500 | - | -€1,500 | |
| Tangible fixed assets | 22/27 | €678,295 | €608,867 | -€69,428 | -10.2% |
| Land and buildings | 22 | €618,835 | €578,820 | -€40,015 | -6.5% |
| Plant, machinery and equipment | 23 | €23,359 | €15,662 | -€7,696 | -32.9% |
| Furniture and vehicles | 24 | €6,987 | €3,071 | -€3,916 | -56.1% |
| Leasing and similar rights | 25 | €29,114 | €11,314 | -€17,800 | -61.1% |
| Current assets | 29/58 | €64,520 | €72,864 | +€8,344 | +12.9% |
| Stocks and contracts in progress | 3 | €18,373 | €18,393 | +€20 | +0.1% |
| Stocks | 30/36 | €18,373 | €18,393 | +€20 | +0.1% |
| Cash at bank and in hand | 54/58 | €43,823 | €50,781 | +€6,958 | +15.9% |
| Deferred charges and accrued income | 490/1 | €2,324 | €3,690 | +€1,366 | +58.8% |
| Total equity and liabilities | 10/49 | €744,315 | €681,730 | -€62,584 | -8.4% |
| Equity | 10/15 | -€112,774 | -€117,124 | -€4,349 | -3.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,774 | -€122,124 | -€4,349 | -3.7% |
| Amounts payable | 17/49 | €857,089 | €798,854 | -€58,235 | -6.8% |
| Amounts payable after more than one year | 17 | €495,310 | €441,149 | -€54,161 | -10.9% |
| Financial debts | 170/4 | €495,310 | €441,149 | -€54,161 | -10.9% |
| Amounts payable within one year | 42/48 | €361,779 | €357,705 | -€4,074 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €59,272 | €13,056 | -€46,216 | -78.0% |
| Financial debts | 43 | - | €41,249 | +€41,249 | |
| Credit institutions | 430/8 | - | €41,249 | +€41,249 | |
| Trade debts | 44 | €31,264 | €44,707 | +€13,443 | +43.0% |
| Suppliers | 440/4 | €31,264 | €44,707 | +€13,443 | +43.0% |
| Taxes, remuneration and social security | 45 | €28,406 | €26,906 | -€1,500 | -5.3% |
| Taxes | 450/3 | €6,572 | €5,390 | -€1,182 | -18.0% |
| Remuneration and social security | 454/9 | €21,835 | €21,517 | -€318 | -1.5% |
| Other amounts payable | 47/48 | €242,836 | €231,786 | -€11,050 | -4.6% |
| Remuneration, social security and pensions | 62 | €167,672 | €166,257 | -€1,415 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,658 | €70,928 | +€270 | +0.4% |
| Other operating charges | 640/8 | €895 | €2,051 | +€1,157 | +129.3% |
| Gross operating margin | 9900 | €262,758 | €247,561 | -€15,197 | -5.8% |
| Operating profit (loss) | 9901 | €23,533 | €8,324 | -€15,208 | -64.6% |
| Financial income | 75/76B | €127 | €293 | +€166 | +130.0% |
| Recurring financial income | 75 | €127 | €293 | +€166 | +130.0% |
| Financial charges | 65/66B | €18,512 | €12,919 | -€5,593 | -30.2% |
| Recurring financial charges | 65 | €18,512 | €12,919 | -€5,593 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €5,148 | -€4,302 | -€9,450 | |
| Income taxes | 67/77 | - | €48 | +€48 | |
| Profit (loss) for the period | 9904 | €5,148 | -€4,349 | -€9,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,148 | -€4,349 | -€9,498 |
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 7 October 2026 via checked.be.