SCHEYVAERTS: 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.
SCHEYVAERTS
Largest movements
- Cash +€68,614
up €68,614 (+797%), from €8,609 to €77,223
mainly Net result for the year (+€44,710) and Tax, wage and social debts (+€37,716)
- Receivables within one year +€18,842
up €18,842 (+25.2%), from €74,671 to €93,513
of which Trade receivables: +€14,083
- Tangible fixed assets -€18,124
down €18,124 (-43.7%), from €41,494 to €23,370
of which Furniture and vehicles: -€20,178
- Reserves +€40,021
new in 2025: €40,021
- Tax, wage and social debts +€37,716
up €37,716 (+134%), from €28,217 to €65,934
of which Taxes: +€39,158
- Other debts +€14,063
up €14,063 (+86.7%), from €16,220 to €30,283
- Debts after one year -€12,529
down €12,529 (-64.2%), from €19,508 to €6,979
- Trade debts -€6,618
down €6,618 (-13.8%), from €47,909 to €41,291
- Staff costs -€64,053
down €64,053 (-37.6%), from €170,326 to €106,273
- Taxes +€15,808
up €15,808 (+239%), from €6,607 to €22,415
- Gross operating margin -€13,241
down €13,241 (-6.3%), from €209,209 to €195,968
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 | €129,366 | €197,537 | +€68,171 | +52.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €41,494 | €23,370 | -€18,124 | -43.7% |
| Tangible fixed assets | 22/27 | €41,494 | €23,370 | -€18,124 | -43.7% |
| Furniture and vehicles | 24 | €41,494 | €21,316 | -€20,178 | -48.6% |
| Other tangible fixed assets | 26 | €0 | €2,054 | +€2,054 | |
| Current assets | 29/58 | €87,872 | €174,167 | +€86,295 | +98.2% |
| Amounts receivable within one year | 40/41 | €74,671 | €93,513 | +€18,842 | +25.2% |
| Trade receivables | 40 | €49,610 | €63,694 | +€14,083 | +28.4% |
| Other amounts receivable | 41 | €25,061 | €29,820 | +€4,759 | +19.0% |
| Cash at bank and in hand | 54/58 | €8,609 | €77,223 | +€68,614 | +797% |
| Deferred charges and accrued income | 490/1 | €4,592 | €3,431 | -€1,161 | -25.3% |
| Total equity and liabilities | 10/49 | €129,366 | €197,537 | +€68,171 | +52.7% |
| Equity | 10/15 | €501 | €40,522 | +€40,021 | +7,994% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €40,021 | +€40,021 | |
| Distributable reserves | 133 | - | €40,021 | +€40,021 | |
| Profit (loss) carried forward | 14 | €1 | €1 | = | 0.0% |
| Amounts payable | 17/49 | €128,865 | €157,015 | +€28,150 | +21.8% |
| Amounts payable after more than one year | 17 | €19,508 | €6,979 | -€12,529 | -64.2% |
| Financial debts | 170/4 | €19,508 | €6,979 | -€12,529 | -64.2% |
| Amounts payable within one year | 42/48 | €109,358 | €150,036 | +€40,679 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €17,012 | €12,529 | -€4,483 | -26.4% |
| Trade debts | 44 | €47,909 | €41,291 | -€6,618 | -13.8% |
| Suppliers | 440/4 | €47,909 | €41,291 | -€6,618 | -13.8% |
| Taxes, remuneration and social security | 45 | €28,217 | €65,934 | +€37,716 | +134% |
| Taxes | 450/3 | €14,388 | €53,547 | +€39,158 | +272% |
| Remuneration and social security | 454/9 | €13,829 | €12,387 | -€1,442 | -10.4% |
| Other amounts payable | 47/48 | €16,220 | €30,283 | +€14,063 | +86.7% |
| Remuneration, social security and pensions | 62 | €170,326 | €106,273 | -€64,053 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,924 | €20,709 | -€1,214 | -5.5% |
| Other operating charges | 640/8 | €1,460 | €1,039 | -€421 | -28.8% |
| Gross operating margin | 9900 | €209,209 | €195,968 | -€13,241 | -6.3% |
| Operating profit (loss) | 9901 | €15,500 | €67,947 | +€52,447 | +338% |
| Financial income | 75/76B | €645 | €1,260 | +€615 | +95.3% |
| Recurring financial income | 75 | €645 | €1,260 | +€615 | +95.3% |
| Financial charges | 65/66B | €1,790 | €2,082 | +€292 | +16.3% |
| Recurring financial charges | 65 | €1,790 | €2,082 | +€292 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €14,355 | €67,125 | +€52,770 | +368% |
| Income taxes | 67/77 | €6,607 | €22,415 | +€15,808 | +239% |
| Profit (loss) for the period | 9904 | €7,748 | €44,710 | +€36,962 | +477% |
| Profit (loss) for the period to be appropriated | 9905 | €7,748 | €44,710 | +€36,962 | +477% |
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.