SCHEIRS CARLOS: 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.
SCHEIRS CARLOS
Largest movements
- Tangible fixed assets -€13,779
down €13,779 (-30.8%), from €44,738 to €30,959
of which Plant, machinery and equipment: -€8,656
- Stocks and contracts -€2,744
down €2,744 (-6.9%), from €39,662 to €36,918
- Cash -€1,380
down €1,380 (-91.1%), from €1,514 to €134
mainly Net result for the year (-€18,400) and Short-term financial debts (-€3,022)
- Profit (loss) carried forward -€18,400
down €18,400, from €4,428 to -€13,972
- Trade debts +€3,286
up €3,286 (+446%), from €737 to €4,023
- Short-term financial debts -€3,022
down €3,022 (-50.1%), from €6,030 to €3,008
- Gross operating margin -€3,734
down €3,734 (-94.7%), from €3,943 to €208
- Depreciation -€1,970
down €1,970 (-11.2%), from €17,523 to €15,552
- Financial charges +€854
up €854 (+142%), from €601 to €1,455
- Financial income +€500
up €500 (+160%), from €313 to €813
- Other operating charges -€46
down €46 (-5.9%), from €774 to €728
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 | €98,598 | €80,481 | -€18,117 | -18.4% |
| Fixed assets | 21/28 | €44,738 | €30,959 | -€13,779 | -30.8% |
| Tangible fixed assets | 22/27 | €44,738 | €30,959 | -€13,779 | -30.8% |
| Plant, machinery and equipment | 23 | €17,689 | €9,033 | -€8,656 | -48.9% |
| Furniture and vehicles | 24 | €20,372 | €15,394 | -€4,978 | -24.4% |
| Other tangible fixed assets | 26 | €6,677 | €6,532 | -€145 | -2.2% |
| Current assets | 29/58 | €53,860 | €49,522 | -€4,338 | -8.1% |
| Stocks and contracts in progress | 3 | €39,662 | €36,918 | -€2,744 | -6.9% |
| Stocks | 30/36 | €39,662 | €36,918 | -€2,744 | -6.9% |
| Amounts receivable within one year | 40/41 | €11,989 | €11,157 | -€832 | -6.9% |
| Trade receivables | 40 | €1,310 | €4,448 | +€3,139 | +240% |
| Other amounts receivable | 41 | €10,680 | €6,709 | -€3,971 | -37.2% |
| Cash at bank and in hand | 54/58 | €1,514 | €134 | -€1,380 | -91.1% |
| Deferred charges and accrued income | 490/1 | €696 | €1,313 | +€618 | +88.8% |
| Total equity and liabilities | 10/49 | €98,598 | €80,481 | -€18,117 | -18.4% |
| Equity | 10/15 | €90,657 | €72,257 | -€18,400 | -20.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €67,230 | €67,230 | = | 0.0% |
| Distributable reserves | 133 | €67,230 | €67,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,428 | -€13,972 | -€18,400 | |
| Amounts payable | 17/49 | €7,941 | €8,224 | +€283 | +3.6% |
| Amounts payable within one year | 42/48 | €7,180 | €7,032 | -€149 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | €412 | - | -€412 | |
| Financial debts | 43 | €6,030 | €3,008 | -€3,022 | -50.1% |
| Credit institutions | 430/8 | €6,030 | €3,008 | -€3,022 | -50.1% |
| Trade debts | 44 | €737 | €4,023 | +€3,286 | +446% |
| Suppliers | 440/4 | €737 | €4,023 | +€3,286 | +446% |
| Accrued charges and deferred income | 492/3 | €761 | €1,192 | +€431 | +56.7% |
| Non-recurring operating income | 76A | €2,070 | - | -€2,070 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,523 | €15,552 | -€1,970 | -11.2% |
| Other operating charges | 640/8 | €774 | €728 | -€46 | -5.9% |
| Non-recurring operating charges | 66A | €605 | €1,686 | +€1,081 | +179% |
| Gross operating margin | 9900 | €3,943 | €208 | -€3,734 | -94.7% |
| Operating profit (loss) | 9901 | -€14,959 | -€17,758 | -€2,799 | -18.7% |
| Financial income | 75/76B | €313 | €813 | +€500 | +160% |
| Recurring financial income | 75 | €313 | €813 | +€500 | +160% |
| Financial charges | 65/66B | €601 | €1,455 | +€854 | +142% |
| Recurring financial charges | 65 | €601 | €1,455 | +€854 | +142% |
| Profit (loss) for the period before taxes | 9903 | -€15,247 | -€18,400 | -€3,153 | -20.7% |
| Profit (loss) for the period | 9904 | -€15,247 | -€18,400 | -€3,153 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,247 | -€18,400 | -€3,153 | -20.7% |
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.