SCHATTENS: 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.
SCHATTENS
Largest movements
- Receivables within one year -€90,975
down €90,975 (-23.7%), from €383,360 to €292,385
of which Trade receivables: -€99,668
- Tangible fixed assets -€26,763
down €26,763 (-1.8%), from €1.5m to €1.5m
of which Land and buildings: -€40,380
- Cash +€26,519
up €26,519 (+22.2%), from €119,209 to €145,728
mainly Receivables within one year (+€90,975) and Depreciation (+€56,261)
- Debts after one year -€88,720
down €88,720 (-18.9%), from €470,273 to €381,553
of which Financial debts: -€88,667
- Trade debts -€33,940
down €33,940 (-27.4%), from €123,894 to €89,954
- Tax, wage and social debts +€30,401
up €30,401 (+15.7%), from €194,015 to €224,416
- Gross operating margin -€10,040
down €10,040 (-7.9%), from €126,786 to €116,746
- Depreciation +€5,928
up €5,928 (+11.8%), from €50,333 to €56,261
- Financial charges -€2,058
down €2,058 (-16.5%), from €12,494 to €10,436
- Staff costs +€1,546
up €1,546 (+3.1%), from €49,472 to €51,018
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 | €2,015,525 | €1,926,491 | -€89,034 | -4.4% |
| Fixed assets | 21/28 | €1,510,198 | €1,486,088 | -€24,111 | -1.6% |
| Intangible fixed assets | 21 | - | €2,652 | +€2,652 | |
| Tangible fixed assets | 22/27 | €1,508,587 | €1,481,824 | -€26,763 | -1.8% |
| Land and buildings | 22 | €1,484,957 | €1,444,578 | -€40,380 | -2.7% |
| Plant, machinery and equipment | 23 | €16,286 | €14,273 | -€2,013 | -12.4% |
| Furniture and vehicles | 24 | €7,343 | €22,973 | +€15,630 | +212.9% |
| Financial fixed assets | 28 | €1,611 | €1,611 | = | 0.0% |
| Current assets | 29/58 | €505,327 | €440,403 | -€64,924 | -12.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €383,360 | €292,385 | -€90,975 | -23.7% |
| Trade receivables | 40 | €373,918 | €274,250 | -€99,668 | -26.7% |
| Other amounts receivable | 41 | €9,442 | €18,135 | +€8,693 | +92.1% |
| Cash at bank and in hand | 54/58 | €119,209 | €145,728 | +€26,519 | +22.2% |
| Deferred charges and accrued income | 490/1 | €2,759 | €2,291 | -€467 | -16.9% |
| Total equity and liabilities | 10/49 | €2,015,525 | €1,926,491 | -€89,034 | -4.4% |
| Equity | 10/15 | €1,138,676 | €1,131,901 | -€6,775 | -0.6% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €871,459 | €872,283 | +€823 | +0.1% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €847,459 | €848,283 | +€823 | +0.1% |
| Investment grants | 15 | €27,217 | €19,619 | -€7,598 | -27.9% |
| Amounts payable | 17/49 | €876,849 | €794,590 | -€82,259 | -9.4% |
| Amounts payable after more than one year | 17 | €470,273 | €381,553 | -€88,720 | -18.9% |
| Financial debts | 170/4 | €399,000 | €310,333 | -€88,667 | -22.2% |
| Other amounts payable | 178/9 | €71,273 | €71,220 | -€54 | -0.1% |
| Amounts payable within one year | 42/48 | €406,576 | €413,037 | +€6,461 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €88,667 | €88,667 | = | 0.0% |
| Trade debts | 44 | €123,894 | €89,954 | -€33,940 | -27.4% |
| Suppliers | 440/4 | €123,894 | €89,954 | -€33,940 | -27.4% |
| Advances received on contracts in progress | 46 | - | €10,000 | +€10,000 | |
| Taxes, remuneration and social security | 45 | €194,015 | €224,416 | +€30,401 | +15.7% |
| Remuneration and social security | 454/9 | €194,015 | €224,416 | +€30,401 | +15.7% |
| Non-recurring operating income | 76A | €11,067 | €76,350 | +€65,283 | +589.9% |
| Remuneration, social security and pensions | 62 | €49,472 | €51,018 | +€1,546 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,333 | €56,261 | +€5,928 | +11.8% |
| Other operating charges | 640/8 | €5,032 | €5,432 | +€399 | +7.9% |
| Non-recurring operating charges | 66A | €1,642 | €707 | -€935 | -57.0% |
| Gross operating margin | 9900 | €126,786 | €116,746 | -€10,040 | -7.9% |
| Operating profit (loss) | 9901 | €20,306 | €3,329 | -€16,977 | -83.6% |
| Financial income | 75/76B | €7,757 | €7,930 | +€173 | +2.2% |
| Recurring financial income | 75 | €7,757 | €7,930 | +€173 | +2.2% |
| Financial charges | 65/66B | €12,494 | €10,436 | -€2,058 | -16.5% |
| Recurring financial charges | 65 | €12,494 | €10,436 | -€2,058 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €15,569 | €823 | -€14,746 | -94.7% |
| Profit (loss) for the period | 9904 | €15,569 | €823 | -€14,746 | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,569 | €823 | -€14,746 | -94.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.