SCHILDERWERKEN FOCUS: 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.
SCHILDERWERKEN FOCUS
Largest movements
- Receivables within one year +€28,537
up €28,537 (+84.7%), from €33,696 to €62,233
of which Trade receivables: +€20,534
- Cash -€12,666
down €12,666 (-40.9%), from €30,964 to €18,298
mainly Contributions, distributions and other (-€38,025) and Receivables within one year (-€28,537)
- Tangible fixed assets -€6,305
down €6,305 (-52.8%), from €11,939 to €5,634
of which Furniture and vehicles: -€5,175
- Other debts +€30,597
up €30,597 (+438%), from €6,983 to €37,580
- Profit (loss) carried forward -€22,225
down €22,225 (-58.4%), from €38,025 to €15,799
- Tax, wage and social debts +€13,702
up €13,702 (+121%), from €11,284 to €24,987
- Trade debts -€7,294
down €7,294 (-87.4%), from €8,349 to €1,056
- Debts after one year -€4,233
no longer reported in 2025 (was €4,233)
- Gross operating margin +€3,497
up €3,497 (+15.0%), from €23,342 to €26,839
- Taxes +€1,238
up €1,238 (+35.5%), from €3,489 to €4,727
- Financial charges -€1,100
down €1,100 (-94.7%), from €1,161 to €61
- Other operating charges -€520
down €520 (-30.6%), from €1,702 to €1,182
- Financial income -€361
down €361 (-14.1%), from €2,563 to €2,202
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 | €76,910 | €86,166 | +€9,256 | +12.0% |
| Fixed assets | 21/28 | €11,940 | €5,635 | -€6,305 | -52.8% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €11,939 | €5,634 | -€6,305 | -52.8% |
| Plant, machinery and equipment | 23 | €4,578 | €3,448 | -€1,130 | -24.7% |
| Furniture and vehicles | 24 | €7,361 | €2,187 | -€5,175 | -70.3% |
| Current assets | 29/58 | €64,970 | €80,531 | +€15,561 | +24.0% |
| Amounts receivable within one year | 40/41 | €33,696 | €62,233 | +€28,537 | +84.7% |
| Trade receivables | 40 | €1,043 | €21,576 | +€20,534 | +1,969% |
| Other amounts receivable | 41 | €32,653 | €40,657 | +€8,004 | +24.5% |
| Cash at bank and in hand | 54/58 | €30,964 | €18,298 | -€12,666 | -40.9% |
| Deferred charges and accrued income | 490/1 | €310 | - | -€310 | |
| Total equity and liabilities | 10/49 | €76,910 | €86,166 | +€9,256 | +12.0% |
| Equity | 10/15 | €41,025 | €18,799 | -€22,225 | -54.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,025 | €15,799 | -€22,225 | -58.4% |
| Amounts payable | 17/49 | €35,886 | €67,367 | +€31,481 | +87.7% |
| Amounts payable after more than one year | 17 | €4,233 | - | -€4,233 | |
| Financial debts | 170/4 | €4,233 | - | -€4,233 | |
| Amounts payable within one year | 42/48 | €31,653 | €67,367 | +€35,714 | +113% |
| Current portion of amounts payable after more than one year | 42 | €5,036 | €3,744 | -€1,292 | -25.7% |
| Trade debts | 44 | €8,349 | €1,056 | -€7,294 | -87.4% |
| Suppliers | 440/4 | €8,349 | €1,056 | -€7,294 | -87.4% |
| Taxes, remuneration and social security | 45 | €11,284 | €24,987 | +€13,702 | +121% |
| Taxes | 450/3 | €11,284 | €24,987 | +€13,702 | +121% |
| Other amounts payable | 47/48 | €6,983 | €37,580 | +€30,597 | +438% |
| Remuneration, social security and pensions | 62 | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,011 | €7,272 | +€261 | +3.7% |
| Other operating charges | 640/8 | €1,702 | €1,182 | -€520 | -30.6% |
| Gross operating margin | 9900 | €23,342 | €26,839 | +€3,497 | +15.0% |
| Operating profit (loss) | 9901 | €14,629 | €18,385 | +€3,756 | +25.7% |
| Financial income | 75/76B | €2,563 | €2,202 | -€361 | -14.1% |
| Recurring financial income | 75 | €2,563 | €2,202 | -€361 | -14.1% |
| Financial charges | 65/66B | €1,161 | €61 | -€1,100 | -94.7% |
| Recurring financial charges | 65 | €1,161 | €61 | -€1,100 | -94.7% |
| Profit (loss) for the period before taxes | 9903 | €16,031 | €20,526 | +€4,495 | +28.0% |
| Income taxes | 67/77 | €3,489 | €4,727 | +€1,238 | +35.5% |
| Profit (loss) for the period | 9904 | €12,542 | €15,799 | +€3,257 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,542 | €15,799 | +€3,257 | +26.0% |
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 26 October 2026 via checked.be.