SCHELFHOUT GUY: 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.
SCHELFHOUT GUY
Largest movements
- Current investments -€36,550
down €36,550 (-36.7%), from €99,711 to €63,161
- Receivables within one year +€28,307
up €28,307 (+115.2%), from €24,567 to €52,874
of which Trade receivables: +€24,217
- Cash -€19,971
down €19,971 (-32.7%), from €61,143 to €41,173
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€28,307)
- Tangible fixed assets -€18,777
down €18,777 (-13.8%), from €136,262 to €117,485
- Deferred charges and accrued income +€4,993
up €4,993 (+175.4%), from €2,847 to €7,840
- Reserves -€41,000
down €41,000 (-15.3%), from €267,823 to €226,823
of which Distributable reserves: -€41,000
- Tax, wage and social debts -€7,119
down €7,119 (-42.7%), from €16,657 to €9,538
- Trade debts +€5,990
up €5,990 (+70.3%), from €8,522 to €14,512
- Gross operating margin -€10,853
down €10,853 (-21.5%), from €50,594 to €39,740
- Taxes -€7,268
down €7,268 (-50.3%), from €14,444 to €7,176
- Other operating charges +€1,161
up €1,161 (+36.0%), from €3,229 to €4,390
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 | €324,530 | €282,533 | -€41,997 | -12.9% |
| Fixed assets | 21/28 | €136,262 | €117,485 | -€18,777 | -13.8% |
| Tangible fixed assets | 22/27 | €136,262 | €117,485 | -€18,777 | -13.8% |
| Land and buildings | 22 | €48,406 | €40,357 | -€8,049 | -16.6% |
| Plant, machinery and equipment | 23 | €37,794 | €31,053 | -€6,741 | -17.8% |
| Furniture and vehicles | 24 | €751 | €542 | -€209 | -27.8% |
| Other tangible fixed assets | 26 | €49,311 | €45,534 | -€3,778 | -7.7% |
| Current assets | 29/58 | €188,268 | €165,048 | -€23,220 | -12.3% |
| Amounts receivable within one year | 40/41 | €24,567 | €52,874 | +€28,307 | +115.2% |
| Trade receivables | 40 | €19,421 | €43,638 | +€24,217 | +124.7% |
| Other amounts receivable | 41 | €5,146 | €9,236 | +€4,090 | +79.5% |
| Current investments | 50/53 | €99,711 | €63,161 | -€36,550 | -36.7% |
| Cash at bank and in hand | 54/58 | €61,143 | €41,173 | -€19,971 | -32.7% |
| Deferred charges and accrued income | 490/1 | €2,847 | €7,840 | +€4,993 | +175.4% |
| Total equity and liabilities | 10/49 | €324,530 | €282,533 | -€41,997 | -12.9% |
| Equity | 10/15 | €288,650 | €247,782 | -€40,868 | -14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €267,823 | €226,823 | -€41,000 | -15.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,064 | €5,064 | = | 0.0% |
| Distributable reserves | 133 | €262,759 | €221,759 | -€41,000 | -15.6% |
| Profit (loss) carried forward | 14 | €8,428 | €8,560 | +€132 | +1.6% |
| Amounts payable | 17/49 | €35,879 | €34,750 | -€1,129 | -3.1% |
| Amounts payable within one year | 42/48 | €25,179 | €24,050 | -€1,129 | -4.5% |
| Trade debts | 44 | €8,522 | €14,512 | +€5,990 | +70.3% |
| Suppliers | 440/4 | €8,522 | €14,512 | +€5,990 | +70.3% |
| Taxes, remuneration and social security | 45 | €16,657 | €9,538 | -€7,119 | -42.7% |
| Taxes | 450/3 | €16,657 | €9,538 | -€7,119 | -42.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €10,700 | €10,700 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,479 | €18,777 | +€298 | +1.6% |
| Other operating charges | 640/8 | €3,229 | €4,390 | +€1,161 | +36.0% |
| Gross operating margin | 9900 | €50,594 | €39,740 | -€10,853 | -21.5% |
| Operating profit (loss) | 9901 | €28,886 | €16,573 | -€12,312 | -42.6% |
| Financial income | 75/76B | €31 | €38 | +€7 | +22.2% |
| Recurring financial income | 75 | €31 | €38 | +€7 | +22.2% |
| Financial charges | 65/66B | €454 | €304 | -€150 | -33.1% |
| Recurring financial charges | 65 | €454 | €304 | -€150 | -33.1% |
| Profit (loss) for the period before taxes | 9903 | €28,463 | €16,308 | -€12,155 | -42.7% |
| Income taxes | 67/77 | €14,444 | €7,176 | -€7,268 | -50.3% |
| Profit (loss) for the period | 9904 | €14,019 | €9,132 | -€4,887 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,019 | €9,132 | -€4,887 | -34.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.