Schakel: 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.
Schakel
Largest movements
- Current investments +€57,283
up €57,283 (+36.8%), from €155,663 to €212,946
- Tangible fixed assets -€49,127
down €49,127 (-3.3%), from €1.5m to €1.4m
of which Land and buildings: -€49,806
- Profit (loss) carried forward +€46,258
new in 2025: €46,258
- Reserves -€31,009
down €31,009 (-2.6%), from €1.2m to €1.2m
of which Tax-exempt reserves: -€31,009
- Turnover -€20,742
down €20,742 (-15.6%), from €133,337 to €112,595
- Purchases and services +€14,656
up €14,656 (+38.2%), from €38,393 to €53,049
- Gross operating margin -€12,695
down €12,695 (-13.4%), from €94,944 to €82,249
- Financial income +€2,899
up €2,899 (+118.0%), from €2,457 to €5,356
- Taxes -€1,848
down €1,848 (-9.9%), from €18,743 to €16,895
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 | €1,719,391 | €1,723,020 | +€3,629 | +0.2% |
| Fixed assets | 21/28 | €1,503,082 | €1,449,174 | -€53,908 | -3.6% |
| Tangible fixed assets | 22/27 | €1,494,098 | €1,444,971 | -€49,127 | -3.3% |
| Land and buildings | 22 | €1,380,739 | €1,330,933 | -€49,806 | -3.6% |
| Plant, machinery and equipment | 23 | - | €2,860 | +€2,860 | |
| Furniture and vehicles | 24 | €359 | - | -€359 | |
| Other tangible fixed assets | 26 | €42,835 | €41,013 | -€1,822 | -4.3% |
| Assets under construction and advance payments | 27 | €70,165 | €70,165 | = | 0.0% |
| Financial fixed assets | 28 | €8,984 | €4,203 | -€4,781 | -53.2% |
| Current assets | 29/58 | €216,309 | €273,846 | +€57,537 | +26.6% |
| Amounts receivable within one year | 40/41 | €8,900 | €18,931 | +€10,031 | +112.7% |
| Trade receivables | 40 | €8,900 | €17,668 | +€8,768 | +98.5% |
| Other amounts receivable | 41 | - | €1,263 | +€1,263 | |
| Current investments | 50/53 | €155,663 | €212,946 | +€57,283 | +36.8% |
| Cash at bank and in hand | 54/58 | €49,801 | €40,768 | -€9,033 | -18.1% |
| Deferred charges and accrued income | 490/1 | €1,945 | €1,201 | -€744 | -38.3% |
| Total equity and liabilities | 10/49 | €1,719,391 | €1,723,020 | +€3,629 | +0.2% |
| Equity | 10/15 | €1,420,154 | €1,435,403 | +€15,249 | +1.1% |
| Contributions | 10/11 | €199,800 | €199,800 | = | 0.0% |
| Revaluation surpluses | 12 | €11,737 | €11,737 | = | 0.0% |
| Reserves | 13 | €1,208,617 | €1,177,608 | -€31,009 | -2.6% |
| Tax-exempt reserves | 132 | €805,498 | €774,489 | -€31,009 | -3.8% |
| Distributable reserves | 133 | €403,119 | €403,119 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €46,258 | +€46,258 | |
| Provisions and deferred taxes | 16 | €268,499 | €258,163 | -€10,336 | -3.8% |
| Deferred taxes | 168 | €268,499 | €258,163 | -€10,336 | -3.8% |
| Amounts payable | 17/49 | €30,738 | €29,454 | -€1,284 | -4.2% |
| Amounts payable within one year | 42/48 | €19,095 | €18,230 | -€865 | -4.5% |
| Trade debts | 44 | €17,095 | €18,230 | +€1,135 | +6.6% |
| Suppliers | 440/4 | €17,095 | €18,230 | +€1,135 | +6.6% |
| Taxes, remuneration and social security | 45 | €2,000 | - | -€2,000 | |
| Taxes | 450/3 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €11,643 | €11,224 | -€419 | -3.6% |
| Turnover | 70 | €133,337 | €112,595 | -€20,742 | -15.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €38,393 | €53,049 | +€14,656 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,229 | €51,986 | -€243 | -0.5% |
| Other operating charges | 640/8 | €11,281 | €11,774 | +€493 | +4.4% |
| Gross operating margin | 9900 | €94,944 | €82,249 | -€12,695 | -13.4% |
| Operating profit (loss) | 9901 | €31,434 | €18,489 | -€12,945 | -41.2% |
| Financial income | 75/76B | €2,457 | €5,356 | +€2,899 | +118.0% |
| Recurring financial income | 75 | €2,457 | €5,356 | +€2,899 | +118.0% |
| Financial charges | 65/66B | €1,668 | €2,037 | +€369 | +22.1% |
| Recurring financial charges | 65 | €1,668 | €2,037 | +€369 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €32,223 | €21,808 | -€10,415 | -32.3% |
| Transfer from deferred taxes | 780 | €10,336 | €10,336 | = | 0.0% |
| Income taxes | 67/77 | €18,743 | €16,895 | -€1,848 | -9.9% |
| Profit (loss) for the period | 9904 | €23,816 | €15,249 | -€8,567 | -36.0% |
| Transfer from tax-exempt reserves | 789 | €31,009 | €31,009 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,825 | €46,258 | -€8,567 | -15.6% |
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 6 October 2026 via checked.be.