Schilderwerken E & C / CM Stables: what changed
Schilderwerken E & C / CM Stables
Largest movements
- Tangible fixed assets -€81,854
down €81,854 (-96.4%), from €84,889 to €3,035
of which Furniture and vehicles: -€80,297
- Cash +€17,791
up €17,791 (+146%), from €12,146 to €29,937
mainly Debts after one year (+€104,615) and Investment in fixed assets (net) (+€75,836)
- Receivables within one year +€9,437
up €9,437 (+45.0%), from €20,993 to €30,429
of which Trade receivables: +€11,518
- Other debts -€109,762
no longer reported in 2025 (was €109,762)
- Debts after one year +€104,615
new in 2025: €104,615
- Profit (loss) carried forward -€52,334
down €52,334, from €18,501 to -€33,833
- Tax, wage and social debts +€1,625
up €1,625 (+43.6%), from €3,723 to €5,348
- Gross operating margin -€16,383
down €16,383 (-59.4%), from -€27,576 to -€43,959
- Depreciation -€12,704
down €12,704 (-67.9%), from €18,723 to €6,018
- Other operating charges +€467
up €467 (+51.9%), from €900 to €1,366
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €140,327 | €85,701 | -€54,626 | -38.9% |
| Fixed assets | 21/28 | €84,889 | €3,035 | -€81,854 | -96.4% |
| Tangible fixed assets | 22/27 | €84,889 | €3,035 | -€81,854 | -96.4% |
| Plant, machinery and equipment | 23 | €1,995 | €438 | -€1,557 | -78.0% |
| Furniture and vehicles | 24 | €82,894 | €2,596 | -€80,297 | -96.9% |
| Current assets | 29/58 | €55,438 | €82,667 | +€27,228 | +49.1% |
| Stocks and contracts in progress | 3 | €22,300 | €22,300 | = | 0.0% |
| Stocks | 30/36 | €22,300 | €22,300 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,993 | €30,429 | +€9,437 | +45.0% |
| Trade receivables | 40 | €15,320 | €26,838 | +€11,518 | +75.2% |
| Other amounts receivable | 41 | €5,673 | €3,591 | -€2,081 | -36.7% |
| Cash at bank and in hand | 54/58 | €12,146 | €29,937 | +€17,791 | +146% |
| Total equity and liabilities | 10/49 | €140,327 | €85,701 | -€54,626 | -38.9% |
| Equity | 10/15 | €21,251 | -€31,083 | -€52,334 | |
| Contributions | 10/11 | €2,750 | €2,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,501 | -€33,833 | -€52,334 | |
| Amounts payable | 17/49 | €119,076 | €116,784 | -€2,292 | -1.9% |
| Amounts payable after more than one year | 17 | - | €104,615 | +€104,615 | |
| Financial debts | 170/4 | - | €104,615 | +€104,615 | |
| Amounts payable within one year | 42/48 | €113,798 | €6,892 | -€106,907 | -93.9% |
| Trade debts | 44 | €314 | €1,544 | +€1,230 | +392% |
| Suppliers | 440/4 | €314 | €1,544 | +€1,230 | +392% |
| Taxes, remuneration and social security | 45 | €3,723 | €5,348 | +€1,625 | +43.6% |
| Taxes | 450/3 | €3,723 | €5,348 | +€1,625 | +43.6% |
| Other amounts payable | 47/48 | €109,762 | - | -€109,762 | |
| Accrued charges and deferred income | 492/3 | €5,278 | €5,278 | = | 0.0% |
| Non-recurring operating income | 76A | €1,974 | - | -€1,974 | |
| Remuneration, social security and pensions | 62 | €407 | - | -€407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,723 | €6,018 | -€12,704 | -67.9% |
| Other operating charges | 640/8 | €900 | €1,366 | +€467 | +51.9% |
| Non-recurring operating charges | 66A | - | €836 | +€836 | |
| Gross operating margin | 9900 | -€27,576 | -€43,959 | -€16,383 | -59.4% |
| Operating profit (loss) | 9901 | -€47,605 | -€52,180 | -€4,574 | -9.6% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €555 | €154 | -€400 | -72.2% |
| Recurring financial charges | 65 | €555 | €154 | -€400 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | -€48,095 | -€52,334 | -€4,239 | -8.8% |
| Profit (loss) for the period | 9904 | -€48,095 | -€52,334 | -€4,239 | -8.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,095 | -€52,334 | -€4,239 | -8.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.