Schardauw: 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.
Schardauw
Largest movements
- Cash +€76,286
up €76,286 (+53.1%), from €143,682 to €219,968
mainly Trade debts (+€216,225) and Depreciation (+€33,489)
- Receivables within one year +€70,838
up €70,838 (+508%), from €13,937 to €84,775
of which Trade receivables: +€72,279
- Deferred charges and accrued income +€45,711
new in 2025: €45,711
- Tangible fixed assets -€27,525
down €27,525 (-24.8%), from €111,199 to €83,674
of which Furniture and vehicles: -€21,059
- Stocks and contracts +€7,672
up €7,672 (+101%), from €7,562 to €15,234
- Trade debts +€216,225
up €216,225 (+2,369%), from €9,129 to €225,354
- Other debts -€60,923
down €60,923 (-55.5%), from €109,777 to €48,854
- Reserves +€14,711
up €14,711 (+14.9%), from €98,683 to €113,394
of which Distributable reserves: +€14,711
- Accrued charges and deferred income +€6,875
up €6,875 (+47.7%), from €14,400 to €21,275
- Current portion of long-term debt -€5,835
down €5,835 (-100%), from €5,835 to €0
- Staff costs +€39,814
up €39,814 (+159%), from €25,021 to €64,835
- Gross operating margin +€22,371
up €22,371 (+20.3%), from €109,985 to €132,356
- Depreciation -€3,437
down €3,437 (-9.3%), from €36,926 to €33,489
- Financial charges -€3,130
down €3,130 (-27.8%), from €11,244 to €8,114
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 | €276,380 | €449,362 | +€172,982 | +62.6% |
| Fixed assets | 21/28 | €111,199 | €83,674 | -€27,525 | -24.8% |
| Tangible fixed assets | 22/27 | €111,199 | €83,674 | -€27,525 | -24.8% |
| Land and buildings | 22 | €16,331 | €13,147 | -€3,184 | -19.5% |
| Plant, machinery and equipment | 23 | €20,751 | €17,469 | -€3,282 | -15.8% |
| Furniture and vehicles | 24 | €74,117 | €53,058 | -€21,059 | -28.4% |
| Current assets | 29/58 | €165,181 | €365,688 | +€200,507 | +121% |
| Stocks and contracts in progress | 3 | €7,562 | €15,234 | +€7,672 | +101% |
| Stocks | 30/36 | €7,562 | €15,234 | +€7,672 | +101% |
| Amounts receivable within one year | 40/41 | €13,937 | €84,775 | +€70,838 | +508% |
| Trade receivables | 40 | €6,220 | €78,499 | +€72,279 | +1,162% |
| Other amounts receivable | 41 | €7,717 | €6,275 | -€1,442 | -18.7% |
| Cash at bank and in hand | 54/58 | €143,682 | €219,968 | +€76,286 | +53.1% |
| Deferred charges and accrued income | 490/1 | - | €45,711 | +€45,711 | |
| Total equity and liabilities | 10/49 | €276,380 | €449,362 | +€172,982 | +62.6% |
| Equity | 10/15 | €117,283 | €131,994 | +€14,711 | +12.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,683 | €113,394 | +€14,711 | +14.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €96,823 | €111,534 | +€14,711 | +15.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €159,097 | €317,369 | +€158,272 | +99.5% |
| Amounts payable within one year | 42/48 | €144,697 | €296,094 | +€151,397 | +105% |
| Current portion of amounts payable after more than one year | 42 | €5,835 | €0 | -€5,835 | -100% |
| Trade debts | 44 | €9,129 | €225,354 | +€216,225 | +2,369% |
| Suppliers | 440/4 | €9,129 | €225,354 | +€216,225 | +2,369% |
| Taxes, remuneration and social security | 45 | €19,956 | €21,886 | +€1,930 | +9.7% |
| Taxes | 450/3 | €14,230 | €14,476 | +€246 | +1.7% |
| Remuneration and social security | 454/9 | €5,726 | €7,409 | +€1,683 | +29.4% |
| Other amounts payable | 47/48 | €109,777 | €48,854 | -€60,923 | -55.5% |
| Accrued charges and deferred income | 492/3 | €14,400 | €21,275 | +€6,875 | +47.7% |
| Non-recurring operating income | 76A | - | €2,230 | +€2,230 | |
| Remuneration, social security and pensions | 62 | €25,021 | €64,835 | +€39,814 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,926 | €33,489 | -€3,437 | -9.3% |
| Other operating charges | 640/8 | €1,999 | €3,234 | +€1,235 | +61.8% |
| Gross operating margin | 9900 | €109,985 | €132,356 | +€22,371 | +20.3% |
| Operating profit (loss) | 9901 | €46,039 | €30,798 | -€15,241 | -33.1% |
| Financial income | 75/76B | €292 | €543 | +€251 | +86.0% |
| Recurring financial income | 75 | €292 | €543 | +€251 | +86.0% |
| Financial charges | 65/66B | €11,244 | €8,114 | -€3,130 | -27.8% |
| Recurring financial charges | 65 | €11,244 | €8,114 | -€3,130 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €35,087 | €23,227 | -€11,860 | -33.8% |
| Income taxes | 67/77 | €7,316 | €6,850 | -€466 | -6.4% |
| Profit (loss) for the period | 9904 | €27,771 | €16,377 | -€11,394 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,771 | €16,377 | -€11,394 | -41.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.