SCHAWK BELGIUM: 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.
What changed
SCHAWK BELGIUM
NACE 74.120, Graphic design and visual communication
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€266,330
2024 · -€23,299+€289,629
Equity
€705,281
2024 · €438,951+€266,330
Cash
€63,200
2024 · €55,460+€7,740
Balance sheet total
€2.6m
2024 · €2.8m-€155,757
Largest movements
Assets
- Tangible fixed assets -€160,304
down €160,304 (-12.8%), from €1.3m to €1.1m
of which Plant, machinery and equipment: -€82,666
- Stocks and contracts +€99,601
up €99,601 (+23.6%), from €422,351 to €521,952
of which Contracts in progress: +€55,421
- Receivables within one year -€71,864
down €71,864 (-7.5%), from €952,728 to €880,864
- Deferred charges and accrued income -€30,249
down €30,249 (-34.7%), from €87,062 to €56,813
Equity and liabilities
- Other debts -€372,317
down €372,317 (-24.0%), from €1.6m to €1.2m
- Profit (loss) carried forward +€266,330
up €266,330 (+5.4%), from -€4.9m to -€4.7m
- Advances received -€37,415
down €37,415 (-91.4%), from €40,950 to €3,535
Income statement
- Gross operating margin +€419,332
up €419,332 (+14.4%), from €2.9m to €3.3m
- Staff costs +€97,561
up €97,561 (+3.7%), from €2.6m to €2.7m
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.
Result 2024
-€23,299
Gross operating margin
+€419,332
Staff costs
-€97,561
Depreciation
-€9,933
Other operating charges
-€10,246
Financial income
-€27,525
Financial charges
+€15,284
Taxes
+€278
Result 2025
€266,330
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.
From operations
+€45,036
Investment
-€37,296
Financing
+€0
Cash 2024
€55,460
From operations (derived)
+€45,036
Net result for the year
+€266,330
Depreciation
+€198,281
Stocks and contracts
-€99,601
Receivables within one year
+€71,864
Deferred charges and accrued income
+€30,249
Trade debts
-€26,103
Tax, wage and social debts
+€22,691
Advances received
-€37,415
Other debts
-€372,317
Accrued charges and deferred income
-€8,944
Investment (derived)
-€37,296
Investment in fixed assets (net)
-€37,296
Financing
+€0
Contributions, distributions and other
+€0
Cash 2025
€63,200
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,801,965 | €2,646,208 | -€155,757 | -5.6% |
| Fixed assets | 21/28 | €1,284,364 | €1,123,379 | -€160,985 | -12.5% |
| Tangible fixed assets | 22/27 | €1,254,537 | €1,094,233 | -€160,304 | -12.8% |
| Land and buildings | 22 | €855,605 | €784,720 | -€70,885 | -8.3% |
| Plant, machinery and equipment | 23 | €352,141 | €269,475 | -€82,666 | -23.5% |
| Furniture and vehicles | 24 | €46,791 | €40,038 | -€6,753 | -14.4% |
| Financial fixed assets | 28 | €29,827 | €29,146 | -€681 | -2.3% |
| Current assets | 29/58 | €1,517,601 | €1,522,829 | +€5,228 | +0.3% |
| Stocks and contracts in progress | 3 | €422,351 | €521,952 | +€99,601 | +23.6% |
| Stocks | 30/36 | €323,152 | €367,332 | +€44,180 | +13.7% |
| Contracts in progress | 37 | €99,199 | €154,620 | +€55,421 | +55.9% |
| Amounts receivable within one year | 40/41 | €952,728 | €880,864 | -€71,864 | -7.5% |
| Trade receivables | 40 | €952,728 | €880,864 | -€71,864 | -7.5% |
| Cash at bank and in hand | 54/58 | €55,460 | €63,200 | +€7,740 | +14.0% |
| Deferred charges and accrued income | 490/1 | €87,062 | €56,813 | -€30,249 | -34.7% |
| Total equity and liabilities | 10/49 | €2,801,965 | €2,646,208 | -€155,757 | -5.6% |
| Equity | 10/15 | €438,951 | €705,281 | +€266,330 | +60.7% |
| Contributions | 10/11 | €5,353,711 | €5,353,711 | = | 0.0% |
| Capital | 10 | €5,353,711 | €5,353,711 | = | 0.0% |
| Issued capital | 100 | €5,353,711 | €5,353,711 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,920,960 | -€4,654,630 | +€266,330 | +5.4% |
| Amounts payable | 17/49 | €2,363,014 | €1,940,927 | -€422,087 | -17.9% |
| Amounts payable within one year | 42/48 | €2,353,850 | €1,940,707 | -€413,143 | -17.6% |
| Trade debts | 44 | €297,420 | €271,317 | -€26,103 | -8.8% |
| Suppliers | 440/4 | €297,420 | €271,317 | -€26,103 | -8.8% |
| Advances received on contracts in progress | 46 | €40,950 | €3,535 | -€37,415 | -91.4% |
| Taxes, remuneration and social security | 45 | €463,679 | €486,370 | +€22,691 | +4.9% |
| Taxes | 450/3 | €48,129 | €72,328 | +€24,199 | +50.3% |
| Remuneration and social security | 454/9 | €415,549 | €414,042 | -€1,507 | -0.4% |
| Other amounts payable | 47/48 | €1,551,802 | €1,179,485 | -€372,317 | -24.0% |
| Accrued charges and deferred income | 492/3 | €9,164 | €220 | -€8,944 | -97.6% |
| Non-recurring operating income | 76A | - | €269,803 | +€269,803 | |
| Remuneration, social security and pensions | 62 | €2,643,106 | €2,740,667 | +€97,561 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188,348 | €198,281 | +€9,933 | +5.3% |
| Other operating charges | 640/8 | €20,700 | €30,946 | +€10,246 | +49.5% |
| Gross operating margin | 9900 | €2,911,781 | €3,331,113 | +€419,332 | +14.4% |
| Operating profit (loss) | 9901 | €59,627 | €361,219 | +€301,592 | +505.8% |
| Financial income | 75/76B | €28,697 | €1,172 | -€27,525 | -95.9% |
| Recurring financial income | 75 | €26,597 | €1,172 | -€25,425 | -95.6% |
| Non-recurring financial income | 76B | €2,100 | - | -€2,100 | |
| Financial charges | 65/66B | €109,383 | €94,099 | -€15,284 | -14.0% |
| Recurring financial charges | 65 | €109,383 | €94,099 | -€15,284 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | -€21,059 | €268,292 | +€289,351 | |
| Income taxes | 67/77 | €2,240 | €1,962 | -€278 | -12.4% |
| Profit (loss) for the period | 9904 | -€23,299 | €266,330 | +€289,629 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,299 | €266,330 | +€289,629 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.