SCHOENHANDEL SLAETS: 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.
SCHOENHANDEL SLAETS
Largest movements
- Current investments -€240,000
down €240,000 (-60.0%), from €400,199 to €160,199
- Cash +€99,889
up €99,889 (+70.3%), from €142,014 to €241,903
mainly Current investments (+€240,000) and Net result for the year (+€107,638)
- Stocks and contracts +€74,655
up €74,655 (+12.6%), from €591,360 to €666,014
- Tangible fixed assets -€57,378
down €57,378 (-12.1%), from €472,596 to €415,218
of which Land and buildings: -€41,808
- Receivables within one year -€31,615
down €31,615 (-67.1%), from €47,102 to €15,487
of which Trade receivables: -€19,628
- Reserves -€42,362
down €42,362 (-3.3%), from €1.3m to €1.2m
of which Distributable reserves: -€23,612
- Debts after one year -€26,489
down €26,489 (-16.9%), from €157,051 to €130,562
- Current portion of long-term debt -€22,316
down €22,316 (-45.7%), from €48,805 to €26,489
- Short-term financial debts -€21,732
no longer reported in 2025 (was €21,732)
- Staff costs +€16,441
up €16,441 (+19.5%), from €84,339 to €100,780
- Gross operating margin -€16,324
down €16,324 (-5.1%), from €322,664 to €306,340
- Other operating charges -€6,690
down €6,690 (-70.9%), from €9,431 to €2,741
- Financial income -€5,468
down €5,468 (-13.6%), from €40,121 to €34,653
- Taxes +€4,667
up €4,667 (+7.9%), from €59,427 to €64,093
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 | €1,662,411 | €1,534,980 | -€127,432 | -7.7% |
| Fixed assets | 21/28 | €472,596 | €415,218 | -€57,378 | -12.1% |
| Tangible fixed assets | 22/27 | €472,596 | €415,218 | -€57,378 | -12.1% |
| Land and buildings | 22 | €426,148 | €384,340 | -€41,808 | -9.8% |
| Plant, machinery and equipment | 23 | €9,403 | €4,785 | -€4,618 | -49.1% |
| Furniture and vehicles | 24 | €37,044 | €26,092 | -€10,952 | -29.6% |
| Current assets | 29/58 | €1,189,816 | €1,119,762 | -€70,053 | -5.9% |
| Stocks and contracts in progress | 3 | €591,360 | €666,014 | +€74,655 | +12.6% |
| Stocks | 30/36 | €591,360 | €666,014 | +€74,655 | +12.6% |
| Amounts receivable within one year | 40/41 | €47,102 | €15,487 | -€31,615 | -67.1% |
| Trade receivables | 40 | €19,903 | €275 | -€19,628 | -98.6% |
| Other amounts receivable | 41 | €27,199 | €15,213 | -€11,986 | -44.1% |
| Current investments | 50/53 | €400,199 | €160,199 | -€240,000 | -60.0% |
| Cash at bank and in hand | 54/58 | €142,014 | €241,903 | +€99,889 | +70.3% |
| Deferred charges and accrued income | 490/1 | €9,141 | €36,159 | +€27,018 | +296% |
| Total equity and liabilities | 10/49 | €1,662,411 | €1,534,980 | -€127,432 | -7.7% |
| Equity | 10/15 | €1,361,932 | €1,319,570 | -€42,362 | -3.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,281,932 | €1,239,570 | -€42,362 | -3.3% |
| Non-distributable reserves | 130/1 | €35,000 | €35,000 | = | 0.0% |
| Legal reserve | 130 | €35,000 | €35,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | - | -€18,750 | |
| Distributable reserves | 133 | €1,228,182 | €1,204,570 | -€23,612 | -1.9% |
| Amounts payable | 17/49 | €300,479 | €215,410 | -€85,070 | -28.3% |
| Amounts payable after more than one year | 17 | €157,051 | €130,562 | -€26,489 | -16.9% |
| Financial debts | 170/4 | €157,051 | €130,562 | -€26,489 | -16.9% |
| Amounts payable within one year | 42/48 | €143,243 | €72,848 | -€70,395 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €48,805 | €26,489 | -€22,316 | -45.7% |
| Financial debts | 43 | €21,732 | - | -€21,732 | |
| Credit institutions | 430/8 | €21,732 | - | -€21,732 | |
| Trade debts | 44 | €16,646 | €17,284 | +€637 | +3.8% |
| Suppliers | 440/4 | €16,646 | €17,284 | +€637 | +3.8% |
| Taxes, remuneration and social security | 45 | €34,064 | €19,075 | -€14,989 | -44.0% |
| Taxes | 450/3 | €19,677 | €9,332 | -€10,346 | -52.6% |
| Remuneration and social security | 454/9 | €14,387 | €9,744 | -€4,643 | -32.3% |
| Other amounts payable | 47/48 | €21,996 | €10,000 | -€11,996 | -54.5% |
| Accrued charges and deferred income | 492/3 | €186 | €12,000 | +€11,814 | +6,345% |
| Non-recurring operating income | 76A | €18,100 | - | -€18,100 | |
| Remuneration, social security and pensions | 62 | €84,339 | €100,780 | +€16,441 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,290 | €58,015 | -€1,275 | -2.1% |
| Other operating charges | 640/8 | €9,431 | €2,741 | -€6,690 | -70.9% |
| Gross operating margin | 9900 | €322,664 | €306,340 | -€16,324 | -5.1% |
| Operating profit (loss) | 9901 | €169,605 | €144,805 | -€24,800 | -14.6% |
| Financial income | 75/76B | €40,121 | €34,653 | -€5,468 | -13.6% |
| Recurring financial income | 75 | €40,121 | €34,653 | -€5,468 | -13.6% |
| Financial charges | 65/66B | €11,670 | €7,726 | -€3,944 | -33.8% |
| Recurring financial charges | 65 | €11,670 | €7,726 | -€3,944 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €198,056 | €171,732 | -€26,324 | -13.3% |
| Income taxes | 67/77 | €59,427 | €64,093 | +€4,667 | +7.9% |
| Profit (loss) for the period | 9904 | €138,629 | €107,638 | -€30,991 | -22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €138,629 | €107,638 | -€30,991 | -22.4% |
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 24 October 2026 via checked.be.