SCHIFFELEERS PROJECT: 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.
SCHIFFELEERS PROJECT
Largest movements
- Receivables within one year +€70,418
up €70,418 (+14.8%), from €477,043 to €547,461
of which Trade receivables: +€71,924
- Trade debts +€98,746
up €98,746 (+320%), from €30,888 to €129,634
- Reserves -€23,387
down €23,387 (-7.7%), from €305,441 to €282,053
of which Distributable reserves: -€23,387
- Gross operating margin -€125,864
down €125,864 (-25.2%), from €499,316 to €373,452
- Staff costs -€123,360
down €123,360 (-24.0%), from €513,315 to €389,955
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 | €536,277 | €607,614 | +€71,337 | +13.3% |
| Fixed assets | 21/28 | €659 | €270 | -€389 | -59.0% |
| Tangible fixed assets | 22/27 | €254 | - | -€254 | |
| Furniture and vehicles | 24 | €254 | - | -€254 | |
| Financial fixed assets | 28 | €405 | €270 | -€135 | -33.3% |
| Current assets | 29/58 | €535,618 | €607,344 | +€71,726 | +13.4% |
| Stocks and contracts in progress | 3 | €4,998 | €4,998 | = | 0.0% |
| Stocks | 30/36 | €4,998 | €4,998 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €477,043 | €547,461 | +€70,418 | +14.8% |
| Trade receivables | 40 | €448,069 | €519,993 | +€71,924 | +16.1% |
| Other amounts receivable | 41 | €28,974 | €27,468 | -€1,506 | -5.2% |
| Cash at bank and in hand | 54/58 | €53,577 | €54,886 | +€1,308 | +2.4% |
| Total equity and liabilities | 10/49 | €536,277 | €607,614 | +€71,337 | +13.3% |
| Equity | 10/15 | €330,441 | €307,053 | -€23,387 | -7.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €305,441 | €282,053 | -€23,387 | -7.7% |
| Tax-exempt reserves | 132 | €24,750 | €24,750 | = | 0.0% |
| Distributable reserves | 133 | €280,691 | €257,303 | -€23,387 | -8.3% |
| Amounts payable | 17/49 | €205,836 | €300,561 | +€94,725 | +46.0% |
| Amounts payable within one year | 42/48 | €205,836 | €300,561 | +€94,725 | +46.0% |
| Trade debts | 44 | €30,888 | €129,634 | +€98,746 | +320% |
| Suppliers | 440/4 | €30,888 | €129,634 | +€98,746 | +320% |
| Taxes, remuneration and social security | 45 | €24,948 | €20,927 | -€4,021 | -16.1% |
| Taxes | 450/3 | €432 | €377 | -€55 | -12.7% |
| Remuneration and social security | 454/9 | €24,516 | €20,550 | -€3,966 | -16.2% |
| Other amounts payable | 47/48 | €150,000 | €150,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €513,315 | €389,955 | -€123,360 | -24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,815 | €254 | -€1,561 | -86.0% |
| Other operating charges | 640/8 | €2,131 | €2,034 | -€97 | -4.5% |
| Non-recurring operating charges | 66A | - | €24 | +€24 | |
| Gross operating margin | 9900 | €499,316 | €373,452 | -€125,864 | -25.2% |
| Operating profit (loss) | 9901 | -€17,945 | -€18,815 | -€870 | -4.8% |
| Financial income | 75/76B | €150 | €0 | -€150 | -100.0% |
| Recurring financial income | 75 | €150 | €0 | -€150 | -100.0% |
| Financial charges | 65/66B | €3,601 | €3,910 | +€309 | +8.6% |
| Recurring financial charges | 65 | €3,601 | €3,910 | +€309 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,396 | -€22,725 | -€1,329 | -6.2% |
| Income taxes | 67/77 | €377 | €662 | +€285 | +75.5% |
| Profit (loss) for the period | 9904 | -€21,773 | -€23,387 | -€1,614 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,773 | -€23,387 | -€1,614 | -7.4% |
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 17 October 2026 via checked.be.