SCHILLEWAERT: 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.
SCHILLEWAERT
Largest movements
- Cash -€56,481
down €56,481 (-23.9%), from €235,916 to €179,434
mainly Contributions, distributions and other (-€59,066) and Trade debts (-€13,712)
- Receivables within one year -€21,553
down €21,553 (-73.8%), from €29,199 to €7,646
of which Trade receivables: -€16,369
- Reserves -€66,768
down €66,768 (-28.0%), from €238,596 to €171,827
of which Distributable reserves: -€66,768
- Trade debts -€13,712
down €13,712 (-77.6%), from €17,668 to €3,956
- Gross operating margin -€19,310
down €19,310, from €13,452 to -€5,859
- Taxes -€6,701
down €6,701 (-99.7%), from €6,719 to €19
- Financial income -€3,914
down €3,914 (-73.4%), from €5,331 to €1,417
- Other operating charges -€507
down €507 (-37.9%), from €1,337 to €830
- Depreciation -€327
down €327 (-12.2%), from €2,693 to €2,365
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 | €277,552 | €195,695 | -€81,857 | -29.5% |
| Fixed assets | 21/28 | €5,631 | €3,266 | -€2,365 | -42.0% |
| Tangible fixed assets | 22/27 | €5,569 | €3,204 | -€2,365 | -42.5% |
| Plant, machinery and equipment | 23 | €5,569 | €3,204 | -€2,365 | -42.5% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €271,920 | €192,429 | -€79,492 | -29.2% |
| Stocks and contracts in progress | 3 | €6,305 | €4,826 | -€1,479 | -23.5% |
| Stocks | 30/36 | €6,305 | €4,826 | -€1,479 | -23.5% |
| Amounts receivable within one year | 40/41 | €29,199 | €7,646 | -€21,553 | -73.8% |
| Trade receivables | 40 | €18,608 | €2,240 | -€16,369 | -88.0% |
| Other amounts receivable | 41 | €10,591 | €5,406 | -€5,184 | -49.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €235,916 | €179,434 | -€56,481 | -23.9% |
| Deferred charges and accrued income | 490/1 | €501 | €523 | +€22 | +4.3% |
| Total equity and liabilities | 10/49 | €277,552 | €195,695 | -€81,857 | -29.5% |
| Equity | 10/15 | €257,188 | €190,419 | -€66,768 | -26.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €238,596 | €171,827 | -€66,768 | -28.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €236,737 | €169,968 | -€66,768 | -28.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €20,364 | €5,275 | -€15,089 | -74.1% |
| Amounts payable within one year | 42/48 | €20,364 | €5,275 | -€15,089 | -74.1% |
| Trade debts | 44 | €17,668 | €3,956 | -€13,712 | -77.6% |
| Suppliers | 440/4 | €17,668 | €3,956 | -€13,712 | -77.6% |
| Taxes, remuneration and social security | 45 | €2,696 | €784 | -€1,912 | -70.9% |
| Taxes | 450/3 | €2,696 | €784 | -€1,912 | -70.9% |
| Other amounts payable | 47/48 | - | €535 | +€535 | |
| Non-recurring operating income | 76A | €0 | €3,058 | +€3,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,693 | €2,365 | -€327 | -12.2% |
| Other operating charges | 640/8 | €1,337 | €830 | -€507 | -37.9% |
| Gross operating margin | 9900 | €13,452 | -€5,859 | -€19,310 | |
| Operating profit (loss) | 9901 | €9,422 | -€9,054 | -€18,476 | |
| Financial income | 75/76B | €5,331 | €1,417 | -€3,914 | -73.4% |
| Recurring financial income | 75 | €5,331 | €1,417 | -€3,914 | -73.4% |
| Financial charges | 65/66B | €40 | €47 | +€7 | +17.3% |
| Recurring financial charges | 65 | €40 | €47 | +€7 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €14,713 | -€7,684 | -€22,397 | |
| Income taxes | 67/77 | €6,719 | €19 | -€6,701 | -99.7% |
| Profit (loss) for the period | 9904 | €7,994 | -€7,703 | -€15,696 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,994 | -€7,703 | -€15,696 |
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 4 October 2026 via checked.be.