SCHELLAERT: 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.
What changed
SCHELLAERT
NACE 43.333, Wallpapering and laying of floor and wall coverings in other materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€544,305
2024 · -€621,442+€77,137
Equity
€2.6m
2024 · €3.1m-€544,305
Cash
€312,925
2024 · €273,342+€39,583
Balance sheet total
€4.8m
2024 · €4.5m+€353,379
Largest movements
Assets
- Receivables within one year +€162,652
up €162,652 (+13.6%), from €1.2m to €1.4m
of which Trade receivables: +€170,629
- Intangible fixed assets +€161,777
up €161,777 (+135.1%), from €119,750 to €281,527
- Stocks and contracts +€89,371
up €89,371 (+4.5%), from €2.0m to €2.1m
- Tangible fixed assets -€79,872
down €79,872 (-11.0%), from €728,048 to €648,176
of which Other tangible fixed assets: -€73,140
Equity and liabilities
- Current portion of long-term debt +€642,184
up €642,184 (+196.2%), from €327,316 to €969,500
- Reserves -€544,305
down €544,305 (-18.3%), from €3.0m to €2.4m
of which Distributable reserves: -€544,305
- Trade debts +€233,470
up €233,470 (+74.8%), from €311,974 to €545,445
Income statement
- Gross operating margin +€73,594
up €73,594 (+3.4%), from €2.2m to €2.2m
- Staff costs -€56,901
down €56,901 (-2.2%), from €2.6m to €2.6m
- Financial income -€42,156
down €42,156 (-33.9%), from €124,407 to €82,251
- Financial charges +€22,882
up €22,882 (+75.7%), from €30,228 to €53,109
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.
Result 2024
-€621,442
Gross operating margin
+€73,594
Staff costs
+€56,901
Depreciation
+€6,039
Other operating charges
+€5,407
Financial income
-€42,156
Financial charges
-€22,882
Taxes
+€234
Result 2025
-€544,305
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.
From operations
-€288,257
Investment
-€313,463
Financing
+€641,303
Cash 2024
€273,342
From operations (derived)
-€288,257
Net result for the year
-€544,305
Depreciation
+€231,558
Stocks and contracts
-€89,371
Receivables within one year
-€162,652
Deferred charges and accrued income
+€20,132
Trade debts
+€233,470
Tax, wage and social debts
-€12,502
Advances received
+€46,220
Accrued charges and deferred income
-€10,807
Investment (derived)
-€313,463
Investment in fixed assets (net)
-€313,463
Financing
+€641,303
Debts after one year
-€881
Current portion of long-term debt
+€642,184
Cash 2025
€312,925
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,476,043 | €4,829,423 | +€353,379 | +7.9% |
| Fixed assets | 21/28 | €944,764 | €1,026,669 | +€81,905 | +8.7% |
| Intangible fixed assets | 21 | €119,750 | €281,527 | +€161,777 | +135.1% |
| Tangible fixed assets | 22/27 | €728,048 | €648,176 | -€79,872 | -11.0% |
| Plant, machinery and equipment | 23 | €129,904 | €115,113 | -€14,792 | -11.4% |
| Furniture and vehicles | 24 | €123,277 | €136,732 | +€13,455 | +10.9% |
| Leasing and similar rights | 25 | €12,320 | €6,924 | -€5,396 | -43.8% |
| Other tangible fixed assets | 26 | €462,547 | €389,407 | -€73,140 | -15.8% |
| Financial fixed assets | 28 | €96,966 | €96,966 | = | 0.0% |
| Current assets | 29/58 | €3,531,280 | €3,802,754 | +€271,474 | +7.7% |
| Stocks and contracts in progress | 3 | €2,001,703 | €2,091,074 | +€89,371 | +4.5% |
| Stocks | 30/36 | €2,001,703 | €2,091,074 | +€89,371 | +4.5% |
| Amounts receivable within one year | 40/41 | €1,200,321 | €1,362,973 | +€162,652 | +13.6% |
| Trade receivables | 40 | €1,155,626 | €1,326,255 | +€170,629 | +14.8% |
| Other amounts receivable | 41 | €44,695 | €36,718 | -€7,977 | -17.8% |
| Cash at bank and in hand | 54/58 | €273,342 | €312,925 | +€39,583 | +14.5% |
| Deferred charges and accrued income | 490/1 | €55,914 | €35,782 | -€20,132 | -36.0% |
| Total equity and liabilities | 10/49 | €4,476,043 | €4,829,423 | +€353,379 | +7.9% |
| Equity | 10/15 | €3,095,375 | €2,551,070 | -€544,305 | -17.6% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €2,971,375 | €2,427,070 | -€544,305 | -18.3% |
| Non-distributable reserves | 130/1 | €14,631 | €14,631 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,231 | €2,231 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,500 | €43,500 | = | 0.0% |
| Distributable reserves | 133 | €2,913,244 | €2,368,939 | -€544,305 | -18.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,380,669 | €2,278,353 | +€897,684 | +65.0% |
| Amounts payable after more than one year | 17 | €404,251 | €403,370 | -€881 | -0.2% |
| Financial debts | 170/4 | €404,251 | €403,370 | -€881 | -0.2% |
| Amounts payable within one year | 42/48 | €946,803 | €1,856,175 | +€909,372 | +96.0% |
| Current portion of amounts payable after more than one year | 42 | €327,316 | €969,500 | +€642,184 | +196.2% |
| Trade debts | 44 | €311,974 | €545,445 | +€233,470 | +74.8% |
| Suppliers | 440/4 | €311,974 | €545,445 | +€233,470 | +74.8% |
| Advances received on contracts in progress | 46 | €0 | €46,220 | +€46,220 | |
| Taxes, remuneration and social security | 45 | €307,512 | €295,010 | -€12,502 | -4.1% |
| Taxes | 450/3 | €64,262 | €65,303 | +€1,041 | +1.6% |
| Remuneration and social security | 454/9 | €243,250 | €229,707 | -€13,543 | -5.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €29,615 | €18,808 | -€10,807 | -36.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,611,834 | €2,554,933 | -€56,901 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237,597 | €231,558 | -€6,039 | -2.5% |
| Other operating charges | 640/8 | €24,582 | €19,176 | -€5,407 | -22.0% |
| Gross operating margin | 9900 | €2,161,004 | €2,234,598 | +€73,594 | +3.4% |
| Operating profit (loss) | 9901 | -€713,010 | -€571,069 | +€141,940 | +19.9% |
| Financial income | 75/76B | €124,407 | €82,251 | -€42,156 | -33.9% |
| Recurring financial income | 75 | €124,407 | €82,251 | -€42,156 | -33.9% |
| Financial charges | 65/66B | €30,228 | €53,109 | +€22,882 | +75.7% |
| Recurring financial charges | 65 | €30,228 | €53,109 | +€22,882 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | -€618,830 | -€541,928 | +€76,903 | +12.4% |
| Income taxes | 67/77 | €2,612 | €2,377 | -€234 | -9.0% |
| Profit (loss) for the period | 9904 | -€621,442 | -€544,305 | +€77,137 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€621,442 | -€544,305 | +€77,137 | +12.4% |
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 4 October 2026 via checked.be.