SCHELFHOUT - MOENS: 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 - MOENS
Largest movements
- Receivables within one year -€56,633
down €56,633 (-90.7%), from €62,443 to €5,810
of which Trade receivables: -€56,737
- Cash +€52,257
up €52,257 (+261%), from €19,985 to €72,243
mainly Receivables within one year (+€56,633) and Net result for the year (+€39,275)
- Tangible fixed assets +€6,597
up €6,597 (+4.5%), from €146,869 to €153,466
of which Land and buildings: +€18,588
- Reserves +€26,187
up €26,187 (+18.9%), from €138,491 to €164,678
of which Distributable reserves: +€26,187
- Debts after one year -€15,600
down €15,600 (-71.8%), from €21,736 to €6,136
- Other debts -€10,265
no longer reported in 2025 (was €10,265)
- Gross operating margin -€8,759
down €8,759 (-9.1%), from €95,758 to €86,999
- Taxes -€5,425
down €5,425 (-22.8%), from €23,809 to €18,383
- Depreciation +€2,115
up €2,115 (+9.3%), from €22,741 to €24,856
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 | €229,347 | €231,568 | +€2,222 | +1.0% |
| Fixed assets | 21/28 | €146,919 | €153,516 | +€6,597 | +4.5% |
| Tangible fixed assets | 22/27 | €146,869 | €153,466 | +€6,597 | +4.5% |
| Land and buildings | 22 | €88,340 | €106,928 | +€18,588 | +21.0% |
| Plant, machinery and equipment | 23 | €4,892 | €8,855 | +€3,963 | +81.0% |
| Furniture and vehicles | 24 | €53,637 | €37,684 | -€15,953 | -29.7% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €82,428 | €78,052 | -€4,376 | -5.3% |
| Amounts receivable within one year | 40/41 | €62,443 | €5,810 | -€56,633 | -90.7% |
| Trade receivables | 40 | €56,737 | - | -€56,737 | |
| Other amounts receivable | 41 | €5,706 | €5,810 | +€104 | +1.8% |
| Cash at bank and in hand | 54/58 | €19,985 | €72,243 | +€52,257 | +261% |
| Total equity and liabilities | 10/49 | €229,347 | €231,568 | +€2,222 | +1.0% |
| Equity | 10/15 | €163,491 | €189,678 | +€26,187 | +16.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €138,491 | €164,678 | +€26,187 | +18.9% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,550 | €9,550 | = | 0.0% |
| Distributable reserves | 133 | €126,441 | €152,628 | +€26,187 | +20.7% |
| Amounts payable | 17/49 | €65,855 | €41,890 | -€23,965 | -36.4% |
| Amounts payable after more than one year | 17 | €21,736 | €6,136 | -€15,600 | -71.8% |
| Financial debts | 170/4 | €21,736 | €6,136 | -€15,600 | -71.8% |
| Amounts payable within one year | 42/48 | €44,120 | €35,754 | -€8,366 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €15,046 | €15,558 | +€511 | +3.4% |
| Trade debts | 44 | - | €1,004 | +€1,004 | |
| Suppliers | 440/4 | - | €1,004 | +€1,004 | |
| Taxes, remuneration and social security | 45 | €18,809 | €19,192 | +€383 | +2.0% |
| Taxes | 450/3 | €18,809 | €19,192 | +€383 | +2.0% |
| Other amounts payable | 47/48 | €10,265 | - | -€10,265 | |
| Non-recurring operating income | 76A | €1,816 | €65,912 | +€64,096 | +3,530% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,741 | €24,856 | +€2,115 | +9.3% |
| Other operating charges | 640/8 | €3,286 | €3,228 | -€58 | -1.8% |
| Gross operating margin | 9900 | €95,758 | €86,999 | -€8,759 | -9.1% |
| Operating profit (loss) | 9901 | €69,731 | €58,915 | -€10,816 | -15.5% |
| Financial income | 75/76B | €12 | €0 | -€12 | -99.9% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -99.9% |
| Financial charges | 65/66B | €1,832 | €1,257 | -€576 | -31.4% |
| Recurring financial charges | 65 | €1,832 | €1,257 | -€576 | -31.4% |
| Profit (loss) for the period before taxes | 9903 | €67,911 | €57,658 | -€10,253 | -15.1% |
| Income taxes | 67/77 | €23,809 | €18,383 | -€5,425 | -22.8% |
| Profit (loss) for the period | 9904 | €44,102 | €39,275 | -€4,827 | -10.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,102 | €39,275 | -€4,827 | -10.9% |
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 13 October 2026 via checked.be.