SCHEERS MARC: what changed
Two fiscal 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.
SCHEERS MARC
Largest movements
- Receivables within one year -€66,043
down €66,043 (-45.7%), from €144,441 to €78,398
of which Other amounts receivable: -€80,846
- Tangible fixed assets +€19,847
up €19,847 (+89.7%), from €22,136 to €41,983
of which Leasing and similar rights: +€15,888
- Cash +€7,153
up €7,153 (+320.4%), from €2,232 to €9,385
mainly Receivables within one year (+€66,043) and Net result for the year (+€17,079)
- Stocks and contracts -€2,801
down €2,801 (-14.2%), from €19,743 to €16,942
- Reserves -€60,220
down €60,220 (-74.2%), from €81,109 to €20,889
- Tax, wage and social debts +€9,473
new in 2025: €9,473
- Debts after one year +€7,423
up €7,423 (+77.9%), from €9,530 to €16,953
- Current portion of long-term debt +€7,142
up €7,142 (+99.7%), from €7,164 to €14,306
- Short-term financial debts -€2,915
down €2,915 (-28.4%), from €10,269 to €7,353
of which Other loans: -€10,192
- Taxes -€4,965
down €4,965 (-38.3%), from €12,962 to €7,997
- Depreciation +€3,803
up €3,803 (+29.9%), from €12,728 to €16,531
- Financial charges -€2,079
down €2,079 (-38.0%), from €5,473 to €3,394
- Gross operating margin +€1,339
up €1,339 (+3.4%), from €39,761 to €41,100
- Financial income -€1,011
down €1,011 (-15.8%), from €6,391 to €5,381
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 | €192,311 | €150,468 | -€41,843 | -21.8% |
| Fixed assets | 21/28 | €22,286 | €42,133 | +€19,847 | +89.1% |
| Tangible fixed assets | 22/27 | €22,136 | €41,983 | +€19,847 | +89.7% |
| Land and buildings | 22 | €2,069 | €198 | -€1,871 | -90.4% |
| Plant, machinery and equipment | 23 | €1,609 | €501 | -€1,108 | -68.9% |
| Furniture and vehicles | 24 | €2,875 | €9,813 | +€6,938 | +241.3% |
| Leasing and similar rights | 25 | €15,583 | €31,471 | +€15,888 | +102.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €170,025 | €108,335 | -€61,690 | -36.3% |
| Stocks and contracts in progress | 3 | €19,743 | €16,942 | -€2,801 | -14.2% |
| Stocks | 30/36 | €19,743 | €16,942 | -€2,801 | -14.2% |
| Amounts receivable within one year | 40/41 | €144,441 | €78,398 | -€66,043 | -45.7% |
| Trade receivables | 40 | €17,017 | €31,820 | +€14,803 | +87.0% |
| Other amounts receivable | 41 | €127,424 | €46,579 | -€80,846 | -63.4% |
| Cash at bank and in hand | 54/58 | €2,232 | €9,385 | +€7,153 | +320.4% |
| Deferred charges and accrued income | 490/1 | €3,608 | €3,609 | +€1 | 0.0% |
| Total equity and liabilities | 10/49 | €192,311 | €150,468 | -€41,843 | -21.8% |
| Equity | 10/15 | €145,899 | €85,678 | -€60,220 | -41.3% |
| Contributions | 10/11 | €64,789 | €64,789 | = | 0.0% |
| Reserves | 13 | €81,109 | €20,889 | -€60,220 | -74.2% |
| Distributable reserves | 133 | €81,109 | €20,889 | -€60,220 | -74.2% |
| Amounts payable | 17/49 | €46,412 | €64,790 | +€18,377 | +39.6% |
| Amounts payable after more than one year | 17 | €9,530 | €16,953 | +€7,423 | +77.9% |
| Financial debts | 170/4 | €9,530 | €16,953 | +€7,423 | +77.9% |
| Amounts payable within one year | 42/48 | €36,883 | €47,837 | +€10,954 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €7,164 | €14,306 | +€7,142 | +99.7% |
| Financial debts | 43 | €10,269 | €7,353 | -€2,915 | -28.4% |
| Credit institutions | 430/8 | €77 | €7,353 | +€7,277 | +9491.0% |
| Other loans | 439 | €10,192 | - | -€10,192 | |
| Trade debts | 44 | €19,450 | €16,704 | -€2,746 | -14.1% |
| Suppliers | 440/4 | €19,450 | €16,704 | -€2,746 | -14.1% |
| Taxes, remuneration and social security | 45 | - | €9,473 | +€9,473 | |
| Taxes | 450/3 | - | €9,473 | +€9,473 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,728 | €16,531 | +€3,803 | +29.9% |
| Other operating charges | 640/8 | €953 | €1,480 | +€526 | +55.2% |
| Gross operating margin | 9900 | €39,761 | €41,100 | +€1,339 | +3.4% |
| Operating profit (loss) | 9901 | €26,079 | €23,089 | -€2,990 | -11.5% |
| Financial income | 75/76B | €6,391 | €5,381 | -€1,011 | -15.8% |
| Recurring financial income | 75 | €6,391 | €5,381 | -€1,011 | -15.8% |
| Financial charges | 65/66B | €5,473 | €3,394 | -€2,079 | -38.0% |
| Recurring financial charges | 65 | €5,473 | €3,394 | -€2,079 | -38.0% |
| Profit (loss) for the period before taxes | 9903 | €26,998 | €25,076 | -€1,922 | -7.1% |
| Income taxes | 67/77 | €12,962 | €7,997 | -€4,965 | -38.3% |
| Profit (loss) for the period | 9904 | €14,036 | €17,079 | +€3,043 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,036 | €17,079 | +€3,043 | +21.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.