SCHINDLER: 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.
What changed
SCHINDLER
NACE 28.220, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8.3m
2024 · €10.3m-€2.0m
Equity
€37.5m
2024 · €34.1m+€3.3m
Cash
€820,159
2024 · €1.1m-€310,713
Balance sheet total
€142.0m
2024 · €137.9m+€4.1m
Largest movements
Assets
- Current investments +€6.0m
up €6.0m (+80.0%), from €7.5m to €13.5m
- Receivables within one year -€2.7m
down €2.7m (-15.9%), from €17.0m to €14.3m
of which Trade receivables: -€2.7m
- Stocks and contracts +€1.7m
up €1.7m (+6.6%), from €25.0m to €26.7m
of which Contracts in progress: +€1.7m
Equity and liabilities
- Debts after one year -€5.2m
down €5.2m (-100.0%), from €5.2m to €0
of which Other amounts payable: -€3.7m
- Short-term financial debts +€4.1m
up €4.1m (+12.4%), from €32.8m to €36.9m
- Other debts +€4.0m
up €4.0m (+1349.7%), from €294,921 to €4.3m
- Profit (loss) carried forward +€3.3m
up €3.3m (+33.6%), from €9.9m to €13.2m
Income statement
- Turnover -€24.2m
down €24.2m (-20.8%), from €116.4m to €92.2m
- Services and other goods +€1.6m
up €1.6m (+6.1%), from €25.7m to €27.3m
- Other operating income +€1.2m
up €1.2m (+30.5%), from €4.0m to €5.3m
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.
Result 2024
€10.3m
Turnover
-€24.2m
Other operating income
+€1.2m
Goods and materials
+€1.1m
Services and other goods
-€1.6m
Staff costs
-€580,525
Depreciation
+€77,027
Write-downs
+€317,886
Provisions
+€653,059
Other operating charges
-€42,879
Other operating items
+€21.2m
Financial income
-€693,382
Financial charges
+€734,653
Taxes
-€205,885
Result 2025
€8.3m
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.
From operations
+€12.0m
Investment
-€6.2m
Financing
-€6.1m
Cash 2024
€1.1m
From operations (derived)
+€12.0m
Net result for the year
+€8.3m
Depreciation
+€1.1m
Stocks and contracts
-€1.7m
Receivables within one year
+€2.7m
Deferred charges and accrued income
-€262,751
Provisions
+€43,458
Trade debts
-€896,631
Tax, wage and social debts
-€361,052
Advances received
-€1.1m
Other debts
+€4.0m
Accrued charges and deferred income
+€199,169
Investment (derived)
-€6.2m
Investment in fixed assets (net)
-€229,524
Current investments
-€6.0m
Financing
-€6.1m
Debts after one year
-€5.2m
Short-term financial debts
+€4.1m
Contributions, distributions and other
-€5.0m
Cash 2025
€820,159
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,942,148 | €142,011,485 | +€4.1m | +3.0% |
| Fixed assets | 21/28 | €87,047,808 | €86,212,596 | -€835,212 | -1.0% |
| Tangible fixed assets | 22/27 | €6,831,201 | €5,995,988 | -€835,212 | -12.2% |
| Land and buildings | 22 | €6,014,843 | €5,324,635 | -€690,208 | -11.5% |
| Plant, machinery and equipment | 23 | €191,199 | €152,093 | -€39,105 | -20.5% |
| Furniture and vehicles | 24 | €625,159 | €519,260 | -€105,899 | -16.9% |
| Financial fixed assets | 28 | €80,216,607 | €80,216,607 | = | 0.0% |
| Affiliated companies | 280/1 | €80,112,874 | €80,112,874 | = | 0.0% |
| Participating interests | 280 | €80,112,874 | €80,112,874 | = | 0.0% |
| Other financial fixed assets | 284/8 | €103,733 | €103,733 | = | 0.0% |
| Shares | 284 | €8,550 | €8,550 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €95,183 | €95,183 | = | 0.0% |
| Current assets | 29/58 | €50,894,340 | €55,798,889 | +€4.9m | +9.6% |
| Stocks and contracts in progress | 3 | €25,037,585 | €26,690,096 | +€1.7m | +6.6% |
| Stocks | 30/36 | €206,131 | €178,188 | -€27,943 | -13.6% |
| Raw materials and consumables | 30/31 | €206,131 | €178,188 | -€27,943 | -13.6% |
| Contracts in progress | 37 | €24,831,454 | €26,511,908 | +€1.7m | +6.8% |
| Amounts receivable within one year | 40/41 | €16,961,188 | €14,270,403 | -€2.7m | -15.9% |
| Trade receivables | 40 | €16,870,511 | €14,148,834 | -€2.7m | -16.1% |
| Other amounts receivable | 41 | €90,677 | €121,569 | +€30,892 | +34.1% |
| Current investments | 50/53 | €7,484,978 | €13,475,764 | +€6.0m | +80.0% |
| Other investments | 51/53 | €7,484,978 | €13,475,764 | +€6.0m | +80.0% |
| Cash at bank and in hand | 54/58 | €1,130,872 | €820,159 | -€310,713 | -27.5% |
| Deferred charges and accrued income | 490/1 | €279,717 | €542,468 | +€262,751 | +93.9% |
| Total equity and liabilities | 10/49 | €137,942,148 | €142,011,485 | +€4.1m | +3.0% |
| Equity | 10/15 | €34,144,321 | €37,470,085 | +€3.3m | +9.7% |
| Contributions | 10/11 | €22,000,000 | €22,000,000 | = | 0.0% |
| Capital | 10 | €22,000,000 | €22,000,000 | = | 0.0% |
| Issued capital | 100 | €22,000,000 | €22,000,000 | = | 0.0% |
| Reserves | 13 | €2,258,473 | €2,258,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,200,000 | €2,200,000 | = | 0.0% |
| Legal reserve | 130 | €2,200,000 | €2,200,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,473 | €58,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,885,848 | €13,211,612 | +€3.3m | +33.6% |
| Provisions and deferred taxes | 16 | €6,381,965 | €6,425,423 | +€43,458 | +0.7% |
| Provisions for liabilities and charges | 160/5 | €6,381,965 | €6,425,423 | +€43,458 | +0.7% |
| Other liabilities and charges | 164/5 | €6,381,965 | €6,425,423 | +€43,458 | +0.7% |
| Amounts payable | 17/49 | €97,415,862 | €98,115,977 | +€700,115 | +0.7% |
| Amounts payable after more than one year | 17 | €5,190,000 | €0 | -€5.2m | -100.0% |
| Financial debts | 170/4 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Subordinated loans | 170 | €1,500,000 | €0 | -€1.5m | -100.0% |
| Other amounts payable | 178/9 | €3,690,000 | €0 | -€3.7m | -100.0% |
| Amounts payable within one year | 42/48 | €91,893,199 | €97,584,145 | +€5.7m | +6.2% |
| Financial debts | 43 | €32,826,575 | €36,886,575 | +€4.1m | +12.4% |
| Other loans | 439 | €32,826,575 | €36,886,575 | +€4.1m | +12.4% |
| Trade debts | 44 | €9,607,171 | €8,710,541 | -€896,631 | -9.3% |
| Suppliers | 440/4 | €9,607,171 | €8,710,541 | -€896,631 | -9.3% |
| Advances received on contracts in progress | 46 | €34,894,871 | €33,802,842 | -€1.1m | -3.1% |
| Taxes, remuneration and social security | 45 | €14,269,661 | €13,908,609 | -€361,052 | -2.5% |
| Taxes | 450/3 | €2,666,556 | €779,473 | -€1.9m | -70.8% |
| Remuneration and social security | 454/9 | €11,603,105 | €13,129,136 | +€1.5m | +13.2% |
| Other amounts payable | 47/48 | €294,921 | €4,275,578 | +€4.0m | +1349.7% |
| Accrued charges and deferred income | 492/3 | €332,663 | €531,832 | +€199,169 | +59.9% |
| Operating income | 70/76A | €100,702,611 | €99,219,003 | -€1.5m | -1.5% |
| Turnover | 70 | €116,431,105 | €92,199,815 | -€24.2m | -20.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€19,860,531 | €1,680,454 | +€21.5m | |
| Other operating income | 74 | €4,048,356 | €5,283,805 | +€1.2m | +30.5% |
| Non-recurring operating income | 76A | €83,681 | €54,929 | -€28,751 | -34.4% |
| Operating charges | 60/66A | €96,012,796 | €96,326,523 | +€313,727 | +0.3% |
| Goods for resale, raw materials and consumables | 60 | €25,910,586 | €24,824,029 | -€1.1m | -4.2% |
| Purchases | 600/8 | €25,518,121 | €24,581,923 | -€936,197 | -3.7% |
| Change in stocks: decrease (increase) | 609 | €392,465 | €242,106 | -€150,360 | -38.3% |
| Services and other goods | 61 | €25,718,205 | €27,278,857 | +€1.6m | +6.1% |
| Remuneration, social security and pensions | 62 | €42,413,397 | €42,993,922 | +€580,525 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141,763 | €1,064,736 | -€77,027 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,821 | -€277,065 | -€317,886 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €696,517 | €43,458 | -€653,059 | -93.8% |
| Other operating charges | 640/8 | €73,056 | €115,935 | +€42,879 | +58.7% |
| Non-recurring operating charges | 66A | €18,452 | €282,650 | +€264,199 | +1431.8% |
| Operating profit (loss) | 9901 | €4,689,815 | €2,892,480 | -€1.8m | -38.3% |
| Financial income | 75/76B | €9,025,158 | €8,331,775 | -€693,382 | -7.7% |
| Recurring financial income | 75 | €8,025,158 | €8,331,775 | +€306,618 | +3.8% |
| Income from financial fixed assets | 750 | €7,800,000 | €8,050,000 | +€250,000 | +3.2% |
| Income from current assets | 751 | €204,950 | €272,110 | +€67,160 | +32.8% |
| Other financial income | 752/9 | €20,207 | €9,665 | -€10,542 | -52.2% |
| Non-recurring financial income | 76B | €1,000,000 | €0 | -€1.0m | -100.0% |
| Financial charges | 65/66B | €1,651,259 | €916,606 | -€734,653 | -44.5% |
| Recurring financial charges | 65 | €1,651,259 | €916,606 | -€734,653 | -44.5% |
| Debt charges | 650 | €1,644,434 | €913,723 | -€730,711 | -44.4% |
| Other financial charges | 652/9 | €6,825 | €2,884 | -€3,941 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €12,063,713 | €10,307,649 | -€1.8m | -14.6% |
| Income taxes | 67/77 | €1,776,000 | €1,981,885 | +€205,885 | +11.6% |
| Taxes | 670/3 | €1,776,000 | €1,981,885 | +€205,885 | +11.6% |
| Profit (loss) for the period | 9904 | €10,287,713 | €8,325,764 | -€2.0m | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,287,713 | €8,325,764 | -€2.0m | -19.1% |
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 11 October 2026 via checked.be.