SCHEHERAZADE PROJECT: 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.
SCHEHERAZADE PROJECT
Largest movements
- Stocks and contracts +€131,200
up €131,200 (+6174.1%), from €2,125 to €133,325
- Receivables within one year -€70,365
down €70,365 (-99.1%), from €70,978 to €613
- Cash +€2,942
up €2,942 (+47.0%), from €6,255 to €9,197
mainly Receivables within one year (+€70,365) and Other debts (+€58,330)
- Tangible fixed assets +€2,684
up €2,684 (+14.7%), from €18,213 to €20,897
- Other debts +€58,330
new in 2025: €58,330
- Profit (loss) carried forward +€4,726
up €4,726 (+19.4%), from €24,411 to €29,137
- Tax, wage and social debts +€3,404
up €3,404 (+6.5%), from €52,700 to €56,105
of which Remuneration and social security: +€6,847
- Gross operating margin +€74,155
up €74,155 (+39.5%), from €187,919 to €262,074
- Staff costs +€64,115
up €64,115 (+34.3%), from €186,884 to €250,999
- Financial income -€3,615
no longer reported in 2025 (was €3,615)
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 | €97,571 | €164,032 | +€66,461 | +68.1% |
| Fixed assets | 21/28 | €18,213 | €20,897 | +€2,684 | +14.7% |
| Tangible fixed assets | 22/27 | €18,213 | €20,897 | +€2,684 | +14.7% |
| Furniture and vehicles | 24 | €18,213 | €20,897 | +€2,684 | +14.7% |
| Current assets | 29/58 | €79,358 | €143,135 | +€63,777 | +80.4% |
| Stocks and contracts in progress | 3 | €2,125 | €133,325 | +€131,200 | +6174.1% |
| Stocks | 30/36 | €2,125 | €133,325 | +€131,200 | +6174.1% |
| Amounts receivable within one year | 40/41 | €70,978 | €613 | -€70,365 | -99.1% |
| Other amounts receivable | 41 | €70,978 | €613 | -€70,365 | -99.1% |
| Cash at bank and in hand | 54/58 | €6,255 | €9,197 | +€2,942 | +47.0% |
| Total equity and liabilities | 10/49 | €97,571 | €164,032 | +€66,461 | +68.1% |
| Equity | 10/15 | €44,871 | €49,597 | +€4,726 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,411 | €29,137 | +€4,726 | +19.4% |
| Amounts payable | 17/49 | €52,700 | €114,435 | +€61,735 | +117.1% |
| Amounts payable within one year | 42/48 | €52,700 | €114,435 | +€61,735 | +117.1% |
| Taxes, remuneration and social security | 45 | €52,700 | €56,105 | +€3,404 | +6.5% |
| Taxes | 450/3 | €12,038 | €8,595 | -€3,443 | -28.6% |
| Remuneration and social security | 454/9 | €40,663 | €47,510 | +€6,847 | +16.8% |
| Other amounts payable | 47/48 | - | €58,330 | +€58,330 | |
| Remuneration, social security and pensions | 62 | €186,884 | €250,999 | +€64,115 | +34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,700 | €6,199 | +€2,499 | +67.5% |
| Other operating charges | 640/8 | €343 | €150 | -€193 | -56.3% |
| Gross operating margin | 9900 | €187,919 | €262,074 | +€74,155 | +39.5% |
| Operating profit (loss) | 9901 | -€3,009 | €4,726 | +€7,735 | |
| Financial income | 75/76B | €3,615 | - | -€3,615 | |
| Recurring financial income | 75 | €3,615 | - | -€3,615 | |
| Profit (loss) for the period before taxes | 9903 | €606 | €4,726 | +€4,120 | +679.5% |
| Profit (loss) for the period | 9904 | €606 | €4,726 | +€4,120 | +679.5% |
| Profit (loss) for the period to be appropriated | 9905 | €606 | €4,726 | +€4,120 | +679.5% |
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 6 October 2026 via checked.be.