SCHILDERSHOF: 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.
SCHILDERSHOF
Largest movements
- Financial fixed assets +€12.1m
up €12.1m (+803.9%), from €1.5m to €13.6m
- Receivables within one year +€489,601
up €489,601 (+8.9%), from €5.5m to €6.0m
- Other debts +€13.6m
up €13.6m (+212.3%), from €6.4m to €20.0m
- Trade debts -€753,989
down €753,989 (-98.8%), from €763,094 to €9,105
- Profit (loss) carried forward -€327,975
down €327,975 (-44.3%), from -€739,976 to -€1.1m
- Financial charges +€99,781
up €99,781 (+193.9%), from €51,447 to €151,228
- Depreciation -€24,527
down €24,527 (-15.4%), from €159,367 to €134,840
- Staff costs +€9,689
up €9,689 (+11.5%), from €84,389 to €94,079
- Other operating charges +€4,421
up €4,421 (+310.6%), from €1,423 to €5,845
- Financial income +€3,722
up €3,722 (+7.2%), from €51,679 to €55,401
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 | €11,140,494 | €23,626,353 | +€12.5m | +112.1% |
| Fixed assets | 21/28 | €5,630,223 | €17,616,604 | +€12.0m | +212.9% |
| Tangible fixed assets | 22/27 | €4,130,323 | €4,058,467 | -€71,856 | -1.7% |
| Land and buildings | 22 | €4,112,741 | €4,033,405 | -€79,336 | -1.9% |
| Plant, machinery and equipment | 23 | €5,347 | €3,978 | -€1,369 | -25.6% |
| Furniture and vehicles | 24 | €12,235 | €21,084 | +€8,850 | +72.3% |
| Financial fixed assets | 28 | €1,499,900 | €13,558,137 | +€12.1m | +803.9% |
| Current assets | 29/58 | €5,510,271 | €6,009,748 | +€499,477 | +9.1% |
| Amounts receivable within one year | 40/41 | €5,487,165 | €5,976,766 | +€489,601 | +8.9% |
| Other amounts receivable | 41 | €5,487,165 | €5,976,766 | +€489,601 | +8.9% |
| Cash at bank and in hand | 54/58 | €18,765 | €28,268 | +€9,503 | +50.6% |
| Deferred charges and accrued income | 490/1 | €4,341 | €4,714 | +€373 | +8.6% |
| Total equity and liabilities | 10/49 | €11,140,494 | €23,626,353 | +€12.5m | +112.1% |
| Equity | 10/15 | €3,984,024 | €3,656,049 | -€327,975 | -8.2% |
| Contributions | 10/11 | €4,724,000 | €4,724,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€739,976 | -€1,067,951 | -€327,975 | -44.3% |
| Amounts payable | 17/49 | €7,156,470 | €19,970,304 | +€12.8m | +179.1% |
| Amounts payable within one year | 42/48 | €7,156,470 | €19,967,289 | +€12.8m | +179.0% |
| Trade debts | 44 | €763,094 | €9,105 | -€753,989 | -98.8% |
| Suppliers | 440/4 | €763,094 | €9,105 | -€753,989 | -98.8% |
| Taxes, remuneration and social security | 45 | €3,591 | €3,178 | -€413 | -11.5% |
| Taxes | 450/3 | €283 | €33 | -€250 | -88.2% |
| Remuneration and social security | 454/9 | €3,308 | €3,145 | -€163 | -4.9% |
| Other amounts payable | 47/48 | €6,389,784 | €19,955,006 | +€13.6m | +212.3% |
| Accrued charges and deferred income | 492/3 | - | €3,015 | +€3,015 | |
| Remuneration, social security and pensions | 62 | €84,389 | €94,079 | +€9,689 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,367 | €134,840 | -€24,527 | -15.4% |
| Other operating charges | 640/8 | €1,423 | €5,845 | +€4,421 | +310.6% |
| Gross operating margin | 9900 | €2,972 | €3,002 | +€31 | +1.0% |
| Operating profit (loss) | 9901 | -€242,209 | -€231,761 | +€10,447 | +4.3% |
| Financial income | 75/76B | €51,679 | €55,401 | +€3,722 | +7.2% |
| Recurring financial income | 75 | €51,679 | €55,401 | +€3,722 | +7.2% |
| Financial charges | 65/66B | €51,447 | €151,228 | +€99,781 | +193.9% |
| Recurring financial charges | 65 | €51,447 | €151,228 | +€99,781 | +193.9% |
| Profit (loss) for the period before taxes | 9903 | -€241,977 | -€327,588 | -€85,611 | -35.4% |
| Income taxes | 67/77 | €283 | €388 | +€105 | +37.0% |
| Profit (loss) for the period | 9904 | -€242,260 | -€327,975 | -€85,716 | -35.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€242,260 | -€327,975 | -€85,716 | -35.4% |
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 6 October 2026 via checked.be.