SCHOL & MEERT: 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.
SCHOL & MEERT
Largest movements
- Stocks and contracts -€60,345
down €60,345 (-59.8%), from €100,845 to €40,500
- Tangible fixed assets -€10,227
down €10,227 (-8.2%), from €124,933 to €114,707
of which Land and buildings: -€8,969
- Profit (loss) carried forward -€56,436
down €56,436 (-90.2%), from -€62,582 to -€119,018
- Trade debts -€7,872
down €7,872 (-56.8%), from €13,854 to €5,982
- Other debts -€5,616
down €5,616 (-5.0%), from €111,971 to €106,355
- Other operating charges +€40,125
up €40,125 (+1,157%), from €3,467 to €43,592
- Gross operating margin -€9,201
down €9,201, from €7,875 to -€1,326
- Depreciation +€8,969
up €8,969 (+713%), from €1,258 to €10,227
- Financial charges -€7,575
down €7,575 (-93.1%), from €8,139 to €563
- Write-downs +€499
new in 2025: €499
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 | €244,387 | €174,134 | -€70,252 | -28.7% |
| Fixed assets | 21/28 | €124,933 | €114,707 | -€10,227 | -8.2% |
| Tangible fixed assets | 22/27 | €124,933 | €114,707 | -€10,227 | -8.2% |
| Land and buildings | 22 | €120,454 | €111,485 | -€8,969 | -7.4% |
| Plant, machinery and equipment | 23 | €4,480 | €3,222 | -€1,258 | -28.1% |
| Current assets | 29/58 | €119,453 | €59,428 | -€60,026 | -50.3% |
| Stocks and contracts in progress | 3 | €100,845 | €40,500 | -€60,345 | -59.8% |
| Stocks | 30/36 | €100,845 | €40,500 | -€60,345 | -59.8% |
| Amounts receivable within one year | 40/41 | €474 | €654 | +€180 | +38.0% |
| Trade receivables | 40 | €474 | €654 | +€180 | +38.0% |
| Cash at bank and in hand | 54/58 | €18,134 | €17,168 | -€966 | -5.3% |
| Deferred charges and accrued income | 490/1 | - | €1,106 | +€1,106 | |
| Total equity and liabilities | 10/49 | €244,387 | €174,134 | -€70,252 | -28.7% |
| Equity | 10/15 | €113,569 | €57,133 | -€56,436 | -49.7% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €64,151 | €64,151 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €52,951 | €52,951 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,582 | -€119,018 | -€56,436 | -90.2% |
| Amounts payable | 17/49 | €130,818 | €117,001 | -€13,817 | -10.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €130,818 | €117,001 | -€13,817 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,612 | €2,316 | -€296 | -11.3% |
| Other loans | 439 | €2,612 | €2,316 | -€296 | -11.3% |
| Trade debts | 44 | €13,854 | €5,982 | -€7,872 | -56.8% |
| Suppliers | 440/4 | €13,854 | €5,982 | -€7,872 | -56.8% |
| Taxes, remuneration and social security | 45 | €2,381 | €2,348 | -€33 | -1.4% |
| Taxes | 450/3 | €2,381 | €2,348 | -€33 | -1.4% |
| Other amounts payable | 47/48 | €111,971 | €106,355 | -€5,616 | -5.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €10,227 | +€8,969 | +713% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €499 | +€499 | |
| Other operating charges | 640/8 | €3,467 | €43,592 | +€40,125 | +1,157% |
| Gross operating margin | 9900 | €7,875 | -€1,326 | -€9,201 | |
| Operating profit (loss) | 9901 | €3,150 | -€55,643 | -€58,793 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,139 | €563 | -€7,575 | -93.1% |
| Recurring financial charges | 65 | €8,139 | €563 | -€7,575 | -93.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,989 | -€56,207 | -€51,218 | -1,027% |
| Income taxes | 67/77 | €223 | €229 | +€6 | +2.7% |
| Profit (loss) for the period | 9904 | -€5,212 | -€56,436 | -€51,224 | -983% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,212 | -€56,436 | -€51,224 | -983% |
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 31 October 2026 via checked.be.