SCHOLIERS: 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.
SCHOLIERS
Largest movements
- Tangible fixed assets -€77,205
down €77,205 (-10.9%), from €706,931 to €629,726
- Cash -€35,828
down €35,828 (-10.2%), from €351,704 to €315,876
mainly Debts after one year (-€146,176) and Trade debts (-€144,279)
- Debts after one year -€146,176
down €146,176 (-31.4%), from €465,114 to €318,939
- Trade debts -€144,279
down €144,279 (-24.8%), from €581,739 to €437,460
- Reserves +€138,896
up €138,896 (+114.3%), from €121,470 to €260,366
of which Distributable reserves: +€138,896
- Tax, wage and social debts +€62,013
up €62,013 (+62.6%), from €99,082 to €161,095
of which Taxes: +€55,980
- Short-term financial debts -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Gross operating margin +€202,126
up €202,126 (+28.3%), from €713,039 to €915,165
- Staff costs +€45,775
up €45,775 (+11.1%), from €413,021 to €458,796
- Taxes +€29,332
up €29,332 (+52.1%), from €56,289 to €85,621
- Other operating charges +€17,719
up €17,719 (+59.1%), from €30,000 to €47,719
- Financial income -€13,388
down €13,388 (-84.0%), from €15,929 to €2,541
of which Non-recurring financial income: -€13,607
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 | €2,196,599 | €2,070,846 | -€125,753 | -5.7% |
| Fixed assets | 21/28 | €714,209 | €629,726 | -€84,483 | -11.8% |
| Intangible fixed assets | 21 | €7,278 | €0 | -€7,278 | -100.0% |
| Tangible fixed assets | 22/27 | €706,931 | €629,726 | -€77,205 | -10.9% |
| Land and buildings | 22 | €465,952 | €428,568 | -€37,384 | -8.0% |
| Plant, machinery and equipment | 23 | €66,052 | €32,050 | -€34,003 | -51.5% |
| Furniture and vehicles | 24 | €67,250 | €77,391 | +€10,141 | +15.1% |
| Other tangible fixed assets | 26 | €107,676 | €91,718 | -€15,959 | -14.8% |
| Current assets | 29/58 | €1,482,390 | €1,441,120 | -€41,270 | -2.8% |
| Amounts receivable after more than one year | 29 | €82,000 | €82,000 | = | 0.0% |
| Other amounts receivable | 291 | €82,000 | €82,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €521,090 | €512,610 | -€8,479 | -1.6% |
| Stocks | 30/36 | €521,090 | €512,610 | -€8,479 | -1.6% |
| Amounts receivable within one year | 40/41 | €523,473 | €527,119 | +€3,646 | +0.7% |
| Trade receivables | 40 | €520,018 | €527,119 | +€7,101 | +1.4% |
| Other amounts receivable | 41 | €3,455 | €0 | -€3,455 | -100.0% |
| Cash at bank and in hand | 54/58 | €351,704 | €315,876 | -€35,828 | -10.2% |
| Deferred charges and accrued income | 490/1 | €4,124 | €3,514 | -€609 | -14.8% |
| Total equity and liabilities | 10/49 | €2,196,599 | €2,070,846 | -€125,753 | -5.7% |
| Equity | 10/15 | €585,162 | €722,366 | +€137,204 | +23.4% |
| Contributions | 10/11 | €462,000 | €462,000 | = | 0.0% |
| Capital | 10 | €462,000 | €462,000 | = | 0.0% |
| Issued capital | 100 | €462,000 | €462,000 | = | 0.0% |
| Reserves | 13 | €121,470 | €260,366 | +€138,896 | +114.3% |
| Non-distributable reserves | 130/1 | €46,200 | €46,200 | = | 0.0% |
| Legal reserve | 130 | €46,200 | €46,200 | = | 0.0% |
| Distributable reserves | 133 | €75,270 | €214,166 | +€138,896 | +184.5% |
| Profit (loss) carried forward | 14 | €1,692 | €0 | -€1,692 | -100.0% |
| Amounts payable | 17/49 | €1,611,438 | €1,348,481 | -€262,957 | -16.3% |
| Amounts payable after more than one year | 17 | €465,114 | €318,939 | -€146,176 | -31.4% |
| Financial debts | 170/4 | €465,114 | €318,939 | -€146,176 | -31.4% |
| Amounts payable within one year | 42/48 | €1,146,323 | €1,014,513 | -€131,810 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €148,382 | €134,961 | -€13,421 | -9.0% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100.0% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100.0% |
| Trade debts | 44 | €581,739 | €437,460 | -€144,279 | -24.8% |
| Suppliers | 440/4 | €581,739 | €437,460 | -€144,279 | -24.8% |
| Advances received on contracts in progress | 46 | €6,847 | €7,410 | +€563 | +8.2% |
| Taxes, remuneration and social security | 45 | €99,082 | €161,095 | +€62,013 | +62.6% |
| Taxes | 450/3 | €43,842 | €99,822 | +€55,980 | +127.7% |
| Remuneration and social security | 454/9 | €55,239 | €61,273 | +€6,034 | +10.9% |
| Other amounts payable | 47/48 | €260,274 | €273,588 | +€13,314 | +5.1% |
| Accrued charges and deferred income | 492/3 | - | €15,029 | +€15,029 | |
| Non-recurring operating income | 76A | €8,857 | €1,818 | -€7,039 | -79.5% |
| Remuneration, social security and pensions | 62 | €413,021 | €458,796 | +€45,775 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,139 | €139,226 | +€88 | +0.1% |
| Other operating charges | 640/8 | €30,000 | €47,719 | +€17,719 | +59.1% |
| Non-recurring operating charges | 66A | €15,406 | €4,663 | -€10,743 | -69.7% |
| Gross operating margin | 9900 | €713,039 | €915,165 | +€202,126 | +28.3% |
| Operating profit (loss) | 9901 | €115,475 | €264,761 | +€149,287 | +129.3% |
| Financial income | 75/76B | €15,929 | €2,541 | -€13,388 | -84.0% |
| Recurring financial income | 75 | €2,322 | €2,541 | +€219 | +9.4% |
| Non-recurring financial income | 76B | €13,607 | €0 | -€13,607 | -100.0% |
| Financial charges | 65/66B | €31,656 | €29,890 | -€1,765 | -5.6% |
| Recurring financial charges | 65 | €31,656 | €29,890 | -€1,765 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €99,748 | €237,412 | +€137,664 | +138.0% |
| Income taxes | 67/77 | €56,289 | €85,621 | +€29,332 | +52.1% |
| Profit (loss) for the period | 9904 | €43,459 | €151,791 | +€108,332 | +249.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,459 | €151,791 | +€108,332 | +249.3% |
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 8 October 2026 via checked.be.