SCHENKELS: 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.
SCHENKELS
Largest movements
- Stocks and contracts -€156,857
down €156,857 (-52.5%), from €298,778 to €141,921
- Tangible fixed assets +€73,822
up €73,822 (+36.1%), from €204,460 to €278,282
of which Land and buildings: +€79,478
- Receivables after one year +€55,000
new in 2025: €55,000
- Receivables within one year +€21,985
up €21,985 (+13.0%), from €169,397 to €191,382
of which Trade receivables: +€33,339
- Debts after one year +€149,997
up €149,997 (+38.9%), from €385,760 to €535,757
of which Other amounts payable: +€173,000
- Profit (loss) carried forward -€90,629
down €90,629 (-825.2%), from -€10,983 to -€101,612
- Trade debts -€58,236
down €58,236 (-74.1%), from €78,584 to €20,348
- Tax, wage and social debts -€18,640
down €18,640 (-81.6%), from €22,831 to €4,191
of which Taxes: -€14,280
- Short-term financial debts +€8,947
up €8,947 (+33.0%), from €27,083 to €36,030
of which Credit institutions: +€8,947
- Gross operating margin -€89,940
down €89,940 (-50.4%), from €178,482 to €88,541
- Staff costs +€22,768
up €22,768 (+18.7%), from €121,740 to €144,508
- Other operating charges -€10,341
down €10,341 (-65.7%), from €15,729 to €5,388
- Taxes -€8,711
no longer reported in 2025 (was €8,711)
- Depreciation -€2,421
down €2,421 (-12.0%), from €20,231 to €17,811
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €690,984 | €682,267 | -€8,717 | -1.3% |
| Fixed assets | 21/28 | €215,065 | €288,619 | +€73,554 | +34.2% |
| Intangible fixed assets | 21 | €6,499 | €5,199 | -€1,300 | -20.0% |
| Tangible fixed assets | 22/27 | €204,460 | €278,282 | +€73,822 | +36.1% |
| Land and buildings | 22 | €191,926 | €271,404 | +€79,478 | +41.4% |
| Plant, machinery and equipment | 23 | €2,688 | €1,962 | -€726 | -27.0% |
| Furniture and vehicles | 24 | €9,846 | €4,915 | -€4,931 | -50.1% |
| Financial fixed assets | 28 | €4,106 | €5,138 | +€1,032 | +25.1% |
| Current assets | 29/58 | €475,919 | €393,649 | -€82,271 | -17.3% |
| Amounts receivable after more than one year | 29 | - | €55,000 | +€55,000 | |
| Other amounts receivable | 291 | - | €55,000 | +€55,000 | |
| Stocks and contracts in progress | 3 | €298,778 | €141,921 | -€156,857 | -52.5% |
| Stocks | 30/36 | €298,778 | €141,921 | -€156,857 | -52.5% |
| Amounts receivable within one year | 40/41 | €169,397 | €191,382 | +€21,985 | +13.0% |
| Trade receivables | 40 | €158,043 | €191,382 | +€33,339 | +21.1% |
| Other amounts receivable | 41 | €11,354 | - | -€11,354 | |
| Cash at bank and in hand | 54/58 | €3,326 | €3,038 | -€288 | -8.7% |
| Deferred charges and accrued income | 490/1 | €4,418 | €2,307 | -€2,111 | -47.8% |
| Total equity and liabilities | 10/49 | €690,984 | €682,267 | -€8,717 | -1.3% |
| Equity | 10/15 | €169,667 | €79,038 | -€90,629 | -53.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Revaluation surpluses | 12 | €70,650 | €70,650 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€10,983 | -€101,612 | -€90,629 | -825.2% |
| Amounts payable | 17/49 | €521,317 | €603,229 | +€81,912 | +15.7% |
| Amounts payable after more than one year | 17 | €385,760 | €535,757 | +€149,997 | +38.9% |
| Financial debts | 170/4 | €18,345 | €15,903 | -€2,443 | -13.3% |
| Advances received on contracts in progress | 176 | €63,914 | €43,354 | -€20,560 | -32.2% |
| Other amounts payable | 178/9 | €303,500 | €476,500 | +€173,000 | +57.0% |
| Amounts payable within one year | 42/48 | €135,558 | €67,473 | -€68,085 | -50.2% |
| Financial debts | 43 | €27,083 | €36,030 | +€8,947 | +33.0% |
| Credit institutions | 430/8 | €22,083 | €31,030 | +€8,947 | +40.5% |
| Other loans | 439 | €5,000 | €5,000 | = | 0.0% |
| Trade debts | 44 | €78,584 | €20,348 | -€58,236 | -74.1% |
| Suppliers | 440/4 | €78,584 | €20,348 | -€58,236 | -74.1% |
| Taxes, remuneration and social security | 45 | €22,831 | €4,191 | -€18,640 | -81.6% |
| Taxes | 450/3 | €18,472 | €4,191 | -€14,280 | -77.3% |
| Remuneration and social security | 454/9 | €4,359 | - | -€4,359 | |
| Other amounts payable | 47/48 | €7,059 | €6,903 | -€156 | -2.2% |
| Remuneration, social security and pensions | 62 | €121,740 | €144,508 | +€22,768 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,231 | €17,811 | -€2,421 | -12.0% |
| Other operating charges | 640/8 | €15,729 | €5,388 | -€10,341 | -65.7% |
| Gross operating margin | 9900 | €178,482 | €88,541 | -€89,940 | -50.4% |
| Operating profit (loss) | 9901 | €20,781 | -€79,165 | -€99,947 | |
| Financial income | 75/76B | €20 | €21 | +€1 | +6.3% |
| Recurring financial income | 75 | €20 | €21 | +€1 | +6.3% |
| Financial charges | 65/66B | €11,006 | €11,485 | +€478 | +4.3% |
| Recurring financial charges | 65 | €11,006 | €11,485 | +€478 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €9,795 | -€90,629 | -€100,424 | |
| Income taxes | 67/77 | €8,711 | - | -€8,711 | |
| Profit (loss) for the period | 9904 | €1,084 | -€90,629 | -€91,713 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,084 | -€90,629 | -€91,713 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.