SCHEEN PROJECT: 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.
SCHEEN PROJECT
Largest movements
- Receivables within one year +€4.2m
up €4.2m (+255.5%), from €1.6m to €5.8m
- Current investments -€260,632
no longer reported in 2025 (was €260,632)
- Stocks and contracts -€87,540
down €87,540 (-51.3%), from €170,503 to €82,963
- Other debts +€3.9m
up €3.9m (+680.1%), from €570,000 to €4.4m
- Accrued charges and deferred income -€70,074
no longer reported in 2025 (was €70,074)
- Reserves -€68,333
down €68,333 (-4.5%), from €1.5m to €1.5m
- Financial income +€4.1m
up €4.1m (+41250.0%), from €9,973 to €4.1m
of which Non-recurring financial income: +€4.1m
- Gross operating margin +€261,690
up €261,690 (+304.4%), from €85,978 to €347,668
- Taxes +€66,496
up €66,496 (+277.2%), from €23,985 to €90,481
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 | €2,198,944 | €5,928,950 | +€3.7m | +169.6% |
| Fixed assets | 21/28 | €76,444 | €29,000 | -€47,444 | -62.1% |
| Financial fixed assets | 28 | €76,444 | €29,000 | -€47,444 | -62.1% |
| Current assets | 29/58 | €2,122,501 | €5,899,950 | +€3.8m | +178.0% |
| Stocks and contracts in progress | 3 | €170,503 | €82,963 | -€87,540 | -51.3% |
| Stocks | 30/36 | €170,503 | €82,963 | -€87,540 | -51.3% |
| Amounts receivable within one year | 40/41 | €1,634,917 | €5,812,488 | +€4.2m | +255.5% |
| Other amounts receivable | 41 | €1,634,917 | €5,812,488 | +€4.2m | +255.5% |
| Current investments | 50/53 | €260,632 | - | -€260,632 | |
| Cash at bank and in hand | 54/58 | €56,449 | €4,499 | -€51,950 | -92.0% |
| Total equity and liabilities | 10/49 | €2,198,944 | €5,928,950 | +€3.7m | +169.6% |
| Equity | 10/15 | €1,550,440 | €1,482,107 | -€68,333 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,531,840 | €1,463,507 | -€68,333 | -4.5% |
| Distributable reserves | 133 | €1,531,840 | €1,463,507 | -€68,333 | -4.5% |
| Amounts payable | 17/49 | €648,504 | €4,446,842 | +€3.8m | +585.7% |
| Amounts payable within one year | 42/48 | €578,430 | €4,446,842 | +€3.9m | +668.8% |
| Trade debts | 44 | €2,446 | - | -€2,446 | |
| Suppliers | 440/4 | €2,446 | - | -€2,446 | |
| Taxes, remuneration and social security | 45 | €5,985 | - | -€5,985 | |
| Taxes | 450/3 | €5,985 | - | -€5,985 | |
| Other amounts payable | 47/48 | €570,000 | €4,446,842 | +€3.9m | +680.1% |
| Accrued charges and deferred income | 492/3 | €70,074 | - | -€70,074 | |
| Other operating charges | 640/8 | €1,805 | €2,185 | +€380 | +21.1% |
| Gross operating margin | 9900 | €85,978 | €347,668 | +€261,690 | +304.4% |
| Operating profit (loss) | 9901 | €84,172 | €345,482 | +€261,310 | +310.4% |
| Financial income | 75/76B | €9,973 | €4,123,898 | +€4.1m | +41250.0% |
| Recurring financial income | 75 | €9,973 | €16,211 | +€6,237 | +62.5% |
| Non-recurring financial income | 76B | - | €4,107,688 | +€4.1m | |
| Financial charges | 65/66B | €1,828 | €390 | -€1,438 | -78.7% |
| Recurring financial charges | 65 | €1,828 | €390 | -€1,438 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | €92,318 | €4,468,990 | +€4.4m | +4740.9% |
| Income taxes | 67/77 | €23,985 | €90,481 | +€66,496 | +277.2% |
| Profit (loss) for the period | 9904 | €68,333 | €4,378,510 | +€4.3m | +6307.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,333 | €4,378,510 | +€4.3m | +6307.6% |
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 10 October 2026 via checked.be.