SCHELFAUT DAN: 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.
SCHELFAUT DAN
Largest movements
- Cash -€64,464
down €64,464 (-36.7%), from €175,742 to €111,278
mainly Contributions, distributions and other (-€265,000) and Other debts (-€109,934)
- Intangible fixed assets -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Receivables within one year +€20,000
new in 2025: €20,000
- Deferred charges and accrued income -€17,181
down €17,181 (-8.1%), from €212,229 to €195,048
- Tangible fixed assets +€6,982
up €6,982 (+120.3%), from €5,806 to €12,788
of which Furniture and vehicles: +€9,014
- Other debts -€109,934
down €109,934 (-22.8%), from €481,347 to €371,413
- Trade debts +€40,278
up €40,278 (+1562.5%), from €2,578 to €42,855
- Tax, wage and social debts -€13,039
down €13,039 (-79.8%), from €16,339 to €3,300
- Profit (loss) carried forward -€11,967
down €11,967 (-75.0%), from €15,952 to €3,985
- Depreciation +€7,707
up €7,707 (+18.3%), from €42,183 to €49,890
- Gross operating margin -€6,861
down €6,861 (-1.8%), from €391,284 to €384,422
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 | €516,276 | €421,614 | -€94,663 | -18.3% |
| Fixed assets | 21/28 | €128,306 | €95,288 | -€33,018 | -25.7% |
| Intangible fixed assets | 21 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Tangible fixed assets | 22/27 | €5,806 | €12,788 | +€6,982 | +120.3% |
| Plant, machinery and equipment | 23 | €5,806 | €3,774 | -€2,032 | -35.0% |
| Furniture and vehicles | 24 | - | €9,014 | +€9,014 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €387,971 | €326,326 | -€61,645 | -15.9% |
| Amounts receivable within one year | 40/41 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 41 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €175,742 | €111,278 | -€64,464 | -36.7% |
| Deferred charges and accrued income | 490/1 | €212,229 | €195,048 | -€17,181 | -8.1% |
| Total equity and liabilities | 10/49 | €516,276 | €421,614 | -€94,663 | -18.3% |
| Equity | 10/15 | €16,012 | €4,045 | -€11,967 | -74.7% |
| Contributions | 10/11 | €60 | €60 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,952 | €3,985 | -€11,967 | -75.0% |
| Amounts payable | 17/49 | €500,264 | €417,569 | -€82,695 | -16.5% |
| Amounts payable within one year | 42/48 | €500,264 | €417,569 | -€82,695 | -16.5% |
| Trade debts | 44 | €2,578 | €42,855 | +€40,278 | +1562.5% |
| Suppliers | 440/4 | €2,578 | €42,855 | +€40,278 | +1562.5% |
| Taxes, remuneration and social security | 45 | €16,339 | €3,300 | -€13,039 | -79.8% |
| Taxes | 450/3 | €16,339 | €3,300 | -€13,039 | -79.8% |
| Other amounts payable | 47/48 | €481,347 | €371,413 | -€109,934 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,183 | €49,890 | +€7,707 | +18.3% |
| Other operating charges | 640/8 | €1,546 | €1,412 | -€134 | -8.7% |
| Non-recurring operating charges | 66A | €559 | - | -€559 | |
| Gross operating margin | 9900 | €391,284 | €384,422 | -€6,861 | -1.8% |
| Operating profit (loss) | 9901 | €346,996 | €333,121 | -€13,875 | -4.0% |
| Financial income | 75/76B | €2,288 | €0 | -€2,288 | -100.0% |
| Recurring financial income | 75 | €2,288 | €0 | -€2,288 | -100.0% |
| Financial charges | 65/66B | €310 | €54 | -€256 | -82.5% |
| Recurring financial charges | 65 | €310 | €54 | -€256 | -82.5% |
| Profit (loss) for the period before taxes | 9903 | €348,975 | €333,067 | -€15,908 | -4.6% |
| Income taxes | 67/77 | €83,023 | €80,034 | -€2,989 | -3.6% |
| Profit (loss) for the period | 9904 | €265,952 | €253,033 | -€12,919 | -4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €265,952 | €253,033 | -€12,919 | -4.9% |
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.