SCHELFHOUT MANAGEMENT CONSULTING: 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 MANAGEMENT CONSULTING
Largest movements
- Current investments +€125,000
up €125,000 (+50.0%), from €250,000 to €375,000
- Tangible fixed assets -€56,231
down €56,231 (-4.1%), from €1.4m to €1.3m
of which Land and buildings: -€51,865
- Other debts +€179,114
up €179,114 (+2,709%), from €6,613 to €185,726
- Reserves -€66,262
down €66,262 (-4.2%), from €1.6m to €1.5m
- Tax, wage and social debts -€43,551
down €43,551 (-44.5%), from €97,846 to €54,295
of which Taxes: -€43,635
- Gross operating margin -€747,486
down €747,486 (-60.0%), from €1.2m to €499,359
- Taxes -€231,278
down €231,278 (-66.9%), from €345,737 to €114,459
- Other operating charges -€33,188
down €33,188 (-77.7%), from €42,723 to €9,535
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 | €1,709,068 | €1,779,686 | +€70,619 | +4.1% |
| Fixed assets | 21/28 | €1,375,848 | €1,319,617 | -€56,231 | -4.1% |
| Tangible fixed assets | 22/27 | €1,375,848 | €1,319,617 | -€56,231 | -4.1% |
| Land and buildings | 22 | €1,357,285 | €1,305,420 | -€51,865 | -3.8% |
| Plant, machinery and equipment | 23 | €4,161 | €7,281 | +€3,120 | +75.0% |
| Furniture and vehicles | 24 | €14,402 | €6,916 | -€7,486 | -52.0% |
| Current assets | 29/58 | €333,220 | €460,069 | +€126,849 | +38.1% |
| Amounts receivable after more than one year | 29 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 291 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €36,079 | €31,781 | -€4,299 | -11.9% |
| Trade receivables | 40 | €33,214 | €24,160 | -€9,054 | -27.3% |
| Other amounts receivable | 41 | €2,865 | €7,621 | +€4,756 | +166% |
| Current investments | 50/53 | €250,000 | €375,000 | +€125,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €39,386 | €33,630 | -€5,756 | -14.6% |
| Deferred charges and accrued income | 490/1 | €7,755 | €9,658 | +€1,903 | +24.5% |
| Total equity and liabilities | 10/49 | €1,709,068 | €1,779,686 | +€70,619 | +4.1% |
| Equity | 10/15 | €1,601,475 | €1,535,213 | -€66,262 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,595,275 | €1,529,013 | -€66,262 | -4.2% |
| Distributable reserves | 133 | €1,595,275 | €1,529,013 | -€66,262 | -4.2% |
| Amounts payable | 17/49 | €107,593 | €244,473 | +€136,881 | +127% |
| Amounts payable within one year | 42/48 | €107,593 | €244,473 | +€136,881 | +127% |
| Trade debts | 44 | €3,134 | €4,452 | +€1,318 | +42.0% |
| Suppliers | 440/4 | €3,134 | €4,452 | +€1,318 | +42.0% |
| Taxes, remuneration and social security | 45 | €97,846 | €54,295 | -€43,551 | -44.5% |
| Taxes | 450/3 | €97,846 | €54,210 | -€43,635 | -44.6% |
| Remuneration and social security | 454/9 | - | €85 | +€85 | |
| Other amounts payable | 47/48 | €6,613 | €185,726 | +€179,114 | +2,709% |
| Remuneration, social security and pensions | 62 | €32,036 | €34,295 | +€2,259 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,502 | €95,419 | +€10,917 | +12.9% |
| Other operating charges | 640/8 | €42,723 | €9,535 | -€33,188 | -77.7% |
| Gross operating margin | 9900 | €1,246,845 | €499,359 | -€747,486 | -60.0% |
| Operating profit (loss) | 9901 | €1,087,584 | €360,109 | -€727,475 | -66.9% |
| Financial income | 75/76B | €6,573 | €6,341 | -€232 | -3.5% |
| Recurring financial income | 75 | €6,573 | €6,341 | -€232 | -3.5% |
| Financial charges | 65/66B | €2,109 | €208 | -€1,900 | -90.1% |
| Recurring financial charges | 65 | €2,109 | €208 | -€1,900 | -90.1% |
| Profit (loss) for the period before taxes | 9903 | €1,092,048 | €366,242 | -€725,807 | -66.5% |
| Income taxes | 67/77 | €345,737 | €114,459 | -€231,278 | -66.9% |
| Profit (loss) for the period | 9904 | €746,311 | €251,783 | -€494,528 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €746,311 | €251,783 | -€494,528 | -66.3% |
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 30 October 2026 via checked.be.