SCHNACKERS SIMONS: 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.
SCHNACKERS SIMONS
Largest movements
- Cash +€51,308
up €51,308 (+15.5%), from €331,353 to €382,662
mainly Net result for the year (+€195,617) and Other debts (+€174,548)
- Tangible fixed assets -€43,848
down €43,848 (-13.1%), from €334,434 to €290,586
of which Leasing and similar rights: -€58,413
- Receivables within one year -€37,647
down €37,647 (-39.6%), from €95,052 to €57,406
of which Trade receivables: -€23,658
- Stocks and contracts -€9,199
down €9,199 (-9.0%), from €102,180 to €92,981
- Other debts +€174,548
up €174,548 (+69.3%), from €251,902 to €426,450
- Reserves -€98,000
down €98,000 (-31.6%), from €309,999 to €211,999
- Current portion of long-term debt -€41,542
down €41,542 (-56.1%), from €74,080 to €32,538
- Trade debts -€35,089
down €35,089 (-86.1%), from €40,750 to €5,661
- Debts after one year -€32,538
down €32,538 (-25.6%), from €126,949 to €94,411
- Gross operating margin -€67,396
down €67,396 (-14.1%), from €477,964 to €410,568
- Taxes -€19,144
down €19,144 (-26.0%), from €73,756 to €54,612
- Other operating charges -€8,687
down €8,687 (-71.8%), from €12,093 to €3,406
- Depreciation +€7,423
up €7,423 (+7.3%), from €102,030 to €109,453
- Staff costs -€6,697
down €6,697 (-12.0%), from €55,728 to €49,031
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 | €870,485 | €826,381 | -€44,104 | -5.1% |
| Fixed assets | 21/28 | €334,434 | €290,586 | -€43,848 | -13.1% |
| Tangible fixed assets | 22/27 | €334,434 | €290,586 | -€43,848 | -13.1% |
| Land and buildings | 22 | €181,892 | €171,769 | -€10,124 | -5.6% |
| Plant, machinery and equipment | 23 | €26,903 | €53,452 | +€26,548 | +98.7% |
| Furniture and vehicles | 24 | €67,226 | €65,366 | -€1,860 | -2.8% |
| Leasing and similar rights | 25 | €58,413 | - | -€58,413 | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €536,051 | €535,795 | -€257 | 0.0% |
| Stocks and contracts in progress | 3 | €102,180 | €92,981 | -€9,199 | -9.0% |
| Stocks | 30/36 | €102,180 | €92,981 | -€9,199 | -9.0% |
| Amounts receivable within one year | 40/41 | €95,052 | €57,406 | -€37,647 | -39.6% |
| Trade receivables | 40 | €81,064 | €57,406 | -€23,658 | -29.2% |
| Other amounts receivable | 41 | €13,988 | - | -€13,988 | |
| Cash at bank and in hand | 54/58 | €331,353 | €382,662 | +€51,308 | +15.5% |
| Deferred charges and accrued income | 490/1 | €7,466 | €2,747 | -€4,719 | -63.2% |
| Total equity and liabilities | 10/49 | €870,485 | €826,381 | -€44,104 | -5.1% |
| Equity | 10/15 | €349,691 | €245,515 | -€104,175 | -29.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €309,999 | €211,999 | -€98,000 | -31.6% |
| Distributable reserves | 133 | €309,999 | €211,999 | -€98,000 | -31.6% |
| Investment grants | 15 | €19,692 | €13,517 | -€6,175 | -31.4% |
| Amounts payable | 17/49 | €520,795 | €580,866 | +€60,071 | +11.5% |
| Amounts payable after more than one year | 17 | €126,949 | €94,411 | -€32,538 | -25.6% |
| Financial debts | 170/4 | €126,949 | €94,411 | -€32,538 | -25.6% |
| Amounts payable within one year | 42/48 | €393,846 | €486,455 | +€92,609 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €74,080 | €32,538 | -€41,542 | -56.1% |
| Trade debts | 44 | €40,750 | €5,661 | -€35,089 | -86.1% |
| Suppliers | 440/4 | €40,750 | €5,661 | -€35,089 | -86.1% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €17,114 | €21,805 | +€4,692 | +27.4% |
| Taxes | 450/3 | €15,809 | €14,134 | -€1,675 | -10.6% |
| Remuneration and social security | 454/9 | €1,305 | €7,672 | +€6,366 | +487.7% |
| Other amounts payable | 47/48 | €251,902 | €426,450 | +€174,548 | +69.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,728 | €49,031 | -€6,697 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,030 | €109,453 | +€7,423 | +7.3% |
| Other operating charges | 640/8 | €12,093 | €3,406 | -€8,687 | -71.8% |
| Gross operating margin | 9900 | €477,964 | €410,568 | -€67,396 | -14.1% |
| Operating profit (loss) | 9901 | €308,113 | €248,677 | -€59,436 | -19.3% |
| Financial income | 75/76B | €10,924 | €8,209 | -€2,715 | -24.9% |
| Recurring financial income | 75 | €10,924 | €8,209 | -€2,715 | -24.9% |
| Financial charges | 65/66B | €4,396 | €6,657 | +€2,261 | +51.4% |
| Recurring financial charges | 65 | €4,396 | €6,657 | +€2,261 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €314,641 | €250,229 | -€64,412 | -20.5% |
| Income taxes | 67/77 | €73,756 | €54,612 | -€19,144 | -26.0% |
| Profit (loss) for the period | 9904 | €240,885 | €195,617 | -€45,268 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €240,885 | €195,617 | -€45,268 | -18.8% |
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.