SCHEERLINCK - COBBAERT: 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.
SCHEERLINCK - COBBAERT
Largest movements
- Stocks and contracts -€94,128
down €94,128 (-68.0%), from €138,504 to €44,376
- Cash +€83,665
up €83,665 (+95.3%), from €87,810 to €171,475
mainly Stocks and contracts (+€94,128) and Net result for the year (+€20,654)
- Tangible fixed assets +€15,728
up €15,728 (+38.0%), from €41,367 to €57,095
of which Plant, machinery and equipment: +€18,855
- Receivables within one year +€13,527
up €13,527 (+109%), from €12,360 to €25,887
of which Other amounts receivable: +€13,864
- Current investments -€9,000
no longer reported in 2025 (was €9,000)
- Reserves +€38,142
up €38,142 (+54.8%), from €69,542 to €107,684
- Profit (loss) carried forward -€19,154
down €19,154 (-100%), from €19,154 to €0
- Trade debts -€4,086
down €4,086 (-8.5%), from €48,284 to €44,198
- Gross operating margin -€27,122
down €27,122 (-41.5%), from €65,353 to €38,231
- Depreciation +€2,576
up €2,576 (+44.6%), from €5,771 to €8,347
- Other operating charges +€2,217
new in 2025: €2,217
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 | €291,467 | €303,562 | +€12,095 | +4.1% |
| Fixed assets | 21/28 | €41,367 | €57,095 | +€15,728 | +38.0% |
| Tangible fixed assets | 22/27 | €41,367 | €57,095 | +€15,728 | +38.0% |
| Land and buildings | 22 | €29,530 | €26,403 | -€3,127 | -10.6% |
| Plant, machinery and equipment | 23 | €11,837 | €30,692 | +€18,855 | +159% |
| Current assets | 29/58 | €250,100 | €246,467 | -€3,633 | -1.5% |
| Stocks and contracts in progress | 3 | €138,504 | €44,376 | -€94,128 | -68.0% |
| Stocks | 30/36 | €138,504 | €44,376 | -€94,128 | -68.0% |
| Amounts receivable within one year | 40/41 | €12,360 | €25,887 | +€13,527 | +109% |
| Trade receivables | 40 | €587 | €250 | -€337 | -57.4% |
| Other amounts receivable | 41 | €11,773 | €25,637 | +€13,864 | +118% |
| Current investments | 50/53 | €9,000 | - | -€9,000 | |
| Cash at bank and in hand | 54/58 | €87,810 | €171,475 | +€83,665 | +95.3% |
| Deferred charges and accrued income | 490/1 | €2,426 | €4,730 | +€2,304 | +95.0% |
| Total equity and liabilities | 10/49 | €291,467 | €303,562 | +€12,095 | +4.1% |
| Equity | 10/15 | €107,288 | €126,276 | +€18,988 | +17.7% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €69,542 | €107,684 | +€38,142 | +54.8% |
| Distributable reserves | 133 | €69,542 | €107,684 | +€38,142 | +54.8% |
| Profit (loss) carried forward | 14 | €19,154 | €0 | -€19,154 | -100% |
| Amounts payable | 17/49 | €184,179 | €177,287 | -€6,892 | -3.7% |
| Amounts payable within one year | 42/48 | €184,179 | €177,193 | -€6,986 | -3.8% |
| Trade debts | 44 | €48,284 | €44,198 | -€4,086 | -8.5% |
| Suppliers | 440/4 | €48,284 | €44,198 | -€4,086 | -8.5% |
| Taxes, remuneration and social security | 45 | €834 | €241 | -€593 | -71.1% |
| Taxes | 450/3 | €834 | €241 | -€593 | -71.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €135,061 | €132,755 | -€2,306 | -1.7% |
| Accrued charges and deferred income | 492/3 | - | €93 | +€93 | |
| Non-recurring operating income | 76A | €165 | €2,705 | +€2,540 | +1,540% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,771 | €8,347 | +€2,576 | +44.6% |
| Other operating charges | 640/8 | - | €2,217 | +€2,217 | |
| Gross operating margin | 9900 | €65,353 | €38,231 | -€27,122 | -41.5% |
| Operating profit (loss) | 9901 | €59,582 | €27,666 | -€31,916 | -53.6% |
| Financial income | 75/76B | €67 | €210 | +€143 | +213% |
| Recurring financial income | 75 | €67 | €210 | +€143 | +213% |
| Financial charges | 65/66B | €190 | €208 | +€18 | +9.5% |
| Recurring financial charges | 65 | €190 | €208 | +€18 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €59,459 | €27,668 | -€31,791 | -53.5% |
| Income taxes | 67/77 | €7,145 | €7,014 | -€131 | -1.8% |
| Profit (loss) for the period | 9904 | €52,314 | €20,654 | -€31,660 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,314 | €20,654 | -€31,660 | -60.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.