Schelfhout Marc: 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 Marc
Largest movements
- Cash +€31,130
up €31,130 (+49.3%), from €63,150 to €94,281
mainly Current investments (+€30,000) and Receivables within one year (+€10,770)
- Current investments -€30,000
no longer reported in 2025 (was €30,000)
- Receivables within one year -€10,770
down €10,770 (-70.5%), from €15,276 to €4,506
of which Other amounts receivable: -€9,147
- Accrued charges and deferred income -€13,338
down €13,338 (-91.1%), from €14,638 to €1,300
- Reserves +€10,473
up €10,473 (+17.7%), from €59,066 to €69,539
- Trade debts -€3,970
down €3,970 (-54.0%), from €7,355 to €3,385
- Other debts -€2,878
down €2,878 (-24.2%), from €11,887 to €9,009
- Gross operating margin -€3,691
down €3,691 (-20.6%), from €17,907 to €14,217
- Taxes -€753
down €753 (-14.0%), from €5,367 to €4,614
- Financial charges -€209
down €209 (-59.6%), from €351 to €142
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 | €112,210 | €102,075 | -€10,136 | -9.0% |
| Fixed assets | 21/28 | €626 | €255 | -€371 | -59.3% |
| Tangible fixed assets | 22/27 | €626 | €255 | -€371 | -59.3% |
| Furniture and vehicles | 24 | €626 | €255 | -€371 | -59.3% |
| Current assets | 29/58 | €111,584 | €101,820 | -€9,764 | -8.8% |
| Stocks and contracts in progress | 3 | €3,158 | €3,034 | -€124 | -3.9% |
| Stocks | 30/36 | €3,158 | €3,034 | -€124 | -3.9% |
| Amounts receivable within one year | 40/41 | €15,276 | €4,506 | -€10,770 | -70.5% |
| Trade receivables | 40 | €2,173 | €550 | -€1,623 | -74.7% |
| Other amounts receivable | 41 | €13,103 | €3,956 | -€9,147 | -69.8% |
| Current investments | 50/53 | €30,000 | - | -€30,000 | |
| Cash at bank and in hand | 54/58 | €63,150 | €94,281 | +€31,130 | +49.3% |
| Total equity and liabilities | 10/49 | €112,210 | €102,075 | -€10,136 | -9.0% |
| Equity | 10/15 | €73,410 | €83,883 | +€10,473 | +14.3% |
| Contributions | 10/11 | €13,700 | €13,700 | = | 0.0% |
| Reserves | 13 | €59,066 | €69,539 | +€10,473 | +17.7% |
| Distributable reserves | 133 | €59,066 | €69,539 | +€10,473 | +17.7% |
| Profit (loss) carried forward | 14 | €644 | €644 | = | 0.0% |
| Amounts payable | 17/49 | €38,800 | €18,192 | -€20,608 | -53.1% |
| Amounts payable within one year | 42/48 | €24,162 | €16,892 | -€7,270 | -30.1% |
| Trade debts | 44 | €7,355 | €3,385 | -€3,970 | -54.0% |
| Suppliers | 440/4 | €7,355 | €3,385 | -€3,970 | -54.0% |
| Taxes, remuneration and social security | 45 | €4,919 | €4,497 | -€422 | -8.6% |
| Taxes | 450/3 | €4,919 | €4,497 | -€422 | -8.6% |
| Other amounts payable | 47/48 | €11,887 | €9,009 | -€2,878 | -24.2% |
| Accrued charges and deferred income | 492/3 | €14,638 | €1,300 | -€13,338 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372 | €371 | -€1 | -0.1% |
| Other operating charges | 640/8 | €659 | €613 | -€46 | -7.0% |
| Gross operating margin | 9900 | €17,907 | €14,217 | -€3,691 | -20.6% |
| Operating profit (loss) | 9901 | €16,877 | €13,233 | -€3,644 | -21.6% |
| Financial income | 75/76B | €2,048 | €1,996 | -€52 | -2.5% |
| Recurring financial income | 75 | €2,048 | €1,996 | -€52 | -2.5% |
| Financial charges | 65/66B | €351 | €142 | -€209 | -59.6% |
| Recurring financial charges | 65 | €351 | €142 | -€209 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €18,573 | €15,086 | -€3,486 | -18.8% |
| Income taxes | 67/77 | €5,367 | €4,614 | -€753 | -14.0% |
| Profit (loss) for the period | 9904 | €13,206 | €10,473 | -€2,733 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,206 | €10,473 | -€2,733 | -20.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.