SCHELVABO: 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.
SCHELVABO
Largest movements
- Cash +€61,721
up €61,721 (+747%), from €8,262 to €69,983
mainly Net result for the year (+€63,581) and Tax, wage and social debts (+€20,608)
- Tangible fixed assets +€22,646
up €22,646 (+13.0%), from €174,304 to €196,950
of which Furniture and vehicles: +€28,833
- Receivables within one year +€11,336
up €11,336 (+19.1%), from €59,233 to €70,570
of which Other amounts receivable: +€5,830
- Reserves +€61,526
up €61,526 (+40.9%), from €150,537 to €212,063
- Tax, wage and social debts +€20,608
up €20,608 (+646%), from €3,189 to €23,797
of which Taxes: +€23,608
- Trade debts +€20,275
up €20,275 (+119%), from €17,106 to €37,382
- Debts after one year -€8,298
down €8,298 (-19.0%), from €43,635 to €35,337
- Gross operating margin +€83,940
up €83,940 (+425%), from €19,748 to €103,687
- Taxes +€23,612
up €23,612 (+1,139%), from €2,074 to €25,685
- Other operating charges +€2,831
up €2,831 (+285%), from €995 to €3,826
- Financial charges -€1,758
down €1,758 (-35.7%), from €4,919 to €3,161
- Financial income -€1,077
down €1,077 (-74.7%), from €1,442 to €365
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 | €298,378 | €395,231 | +€96,853 | +32.5% |
| Fixed assets | 21/28 | €174,304 | €196,950 | +€22,646 | +13.0% |
| Tangible fixed assets | 22/27 | €174,304 | €196,950 | +€22,646 | +13.0% |
| Land and buildings | 22 | €172,767 | €167,215 | -€5,552 | -3.2% |
| Plant, machinery and equipment | 23 | €1,537 | €902 | -€635 | -41.3% |
| Furniture and vehicles | 24 | - | €28,833 | +€28,833 | |
| Current assets | 29/58 | €124,074 | €198,281 | +€74,207 | +59.8% |
| Stocks and contracts in progress | 3 | €5,690 | €6,831 | +€1,141 | +20.0% |
| Stocks | 30/36 | €5,690 | €6,831 | +€1,141 | +20.0% |
| Amounts receivable within one year | 40/41 | €59,233 | €70,570 | +€11,336 | +19.1% |
| Trade receivables | 40 | €46,143 | €51,649 | +€5,507 | +11.9% |
| Other amounts receivable | 41 | €13,091 | €18,920 | +€5,830 | +44.5% |
| Current investments | 50/53 | €45,763 | €46,071 | +€308 | +0.7% |
| Cash at bank and in hand | 54/58 | €8,262 | €69,983 | +€61,721 | +747% |
| Deferred charges and accrued income | 490/1 | €5,126 | €4,827 | -€300 | -5.8% |
| Total equity and liabilities | 10/49 | €298,378 | €395,231 | +€96,853 | +32.5% |
| Equity | 10/15 | €201,737 | €263,263 | +€61,526 | +30.5% |
| Contributions | 10/11 | €51,200 | €51,200 | = | 0.0% |
| Reserves | 13 | €150,537 | €212,063 | +€61,526 | +40.9% |
| Distributable reserves | 133 | €150,537 | €212,063 | +€61,526 | +40.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €96,642 | €131,968 | +€35,326 | +36.6% |
| Amounts payable after more than one year | 17 | €43,635 | €35,337 | -€8,298 | -19.0% |
| Financial debts | 170/4 | €43,635 | €35,337 | -€8,298 | -19.0% |
| Amounts payable within one year | 42/48 | €51,010 | €94,836 | +€43,826 | +85.9% |
| Current portion of amounts payable after more than one year | 42 | €8,107 | €8,298 | +€190 | +2.3% |
| Trade debts | 44 | €17,106 | €37,382 | +€20,275 | +119% |
| Suppliers | 440/4 | €17,106 | €37,382 | +€20,275 | +119% |
| Taxes, remuneration and social security | 45 | €3,189 | €23,797 | +€20,608 | +646% |
| Taxes | 450/3 | €189 | €23,797 | +€23,608 | +12,500% |
| Remuneration and social security | 454/9 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €22,607 | €25,359 | +€2,752 | +12.2% |
| Accrued charges and deferred income | 492/3 | €1,997 | €1,795 | -€202 | -10.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,931 | €7,799 | +€868 | +12.5% |
| Other operating charges | 640/8 | €995 | €3,826 | +€2,831 | +285% |
| Gross operating margin | 9900 | €19,748 | €103,687 | +€83,940 | +425% |
| Operating profit (loss) | 9901 | €11,822 | €92,063 | +€80,241 | +679% |
| Financial income | 75/76B | €1,442 | €365 | -€1,077 | -74.7% |
| Recurring financial income | 75 | €1,442 | €365 | -€1,077 | -74.7% |
| Financial charges | 65/66B | €4,919 | €3,161 | -€1,758 | -35.7% |
| Recurring financial charges | 65 | €4,919 | €3,161 | -€1,758 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €8,345 | €89,267 | +€80,922 | +970% |
| Income taxes | 67/77 | €2,074 | €25,685 | +€23,612 | +1,139% |
| Profit (loss) for the period | 9904 | €6,272 | €63,581 | +€57,310 | +914% |
| Profit (loss) for the period to be appropriated | 9905 | €6,272 | €63,581 | +€57,310 | +914% |
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 26 October 2026 via checked.be.