Scholz Projects: 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.
Scholz Projects
Largest movements
- Receivables within one year +€29,180
up €29,180 (+370.2%), from €7,882 to €37,062
of which Trade receivables: +€26,734
- Intangible fixed assets +€12,842
up €12,842 (+2356.2%), from €545 to €13,387
- Cash -€9,195
down €9,195 (-12.1%), from €75,993 to €66,798
mainly Receivables within one year (-€29,180) and Investment in fixed assets (net) (-€18,000)
- Tangible fixed assets -€8,485
down €8,485 (-16.4%), from €51,869 to €43,384
- Reserves +€12,664
up €12,664 (+26.6%), from €47,546 to €60,210
- Other debts +€8,970
up €8,970 (+14.7%), from €61,068 to €70,037
- Trade debts +€8,751
up €8,751 (+138.4%), from €6,324 to €15,076
- Tax, wage and social debts -€5,948
no longer reported in 2025 (was €5,948)
- Debts after one year -€4,253
down €4,253 (-79.6%), from €5,340 to €1,087
- Gross operating margin +€19,647
up €19,647 (+128.5%), from €15,293 to €34,940
- Financial charges +€3,162
up €3,162 (+449.7%), from €703 to €3,866
- Taxes +€3,094
up €3,094 (+348.1%), from €889 to €3,983
- Depreciation +€1,850
up €1,850 (+15.7%), from €11,793 to €13,643
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 | €139,507 | €163,174 | +€23,667 | +17.0% |
| Fixed assets | 21/28 | €52,414 | €56,771 | +€4,357 | +8.3% |
| Intangible fixed assets | 21 | €545 | €13,387 | +€12,842 | +2356.2% |
| Tangible fixed assets | 22/27 | €51,869 | €43,384 | -€8,485 | -16.4% |
| Land and buildings | 22 | €35,776 | €31,709 | -€4,067 | -11.4% |
| Plant, machinery and equipment | 23 | €2,633 | €1,761 | -€871 | -33.1% |
| Furniture and vehicles | 24 | €13,460 | €9,914 | -€3,547 | -26.4% |
| Current assets | 29/58 | €87,093 | €106,403 | +€19,310 | +22.2% |
| Stocks and contracts in progress | 3 | €1,946 | €1,103 | -€843 | -43.3% |
| Stocks | 30/36 | €1,946 | €1,103 | -€843 | -43.3% |
| Amounts receivable within one year | 40/41 | €7,882 | €37,062 | +€29,180 | +370.2% |
| Trade receivables | 40 | €4,658 | €31,393 | +€26,734 | +573.9% |
| Other amounts receivable | 41 | €3,224 | €5,669 | +€2,445 | +75.9% |
| Cash at bank and in hand | 54/58 | €75,993 | €66,798 | -€9,195 | -12.1% |
| Deferred charges and accrued income | 490/1 | €1,271 | €1,441 | +€169 | +13.3% |
| Total equity and liabilities | 10/49 | €139,507 | €163,174 | +€23,667 | +17.0% |
| Equity | 10/15 | €55,546 | €68,210 | +€12,664 | +22.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €47,546 | €60,210 | +€12,664 | +26.6% |
| Distributable reserves | 133 | €47,546 | €60,210 | +€12,664 | +26.6% |
| Amounts payable | 17/49 | €83,961 | €94,964 | +€11,003 | +13.1% |
| Amounts payable after more than one year | 17 | €5,340 | €1,087 | -€4,253 | -79.6% |
| Financial debts | 170/4 | €5,340 | €1,087 | -€4,253 | -79.6% |
| Amounts payable within one year | 42/48 | €78,321 | €90,114 | +€11,793 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €4,103 | €4,253 | +€149 | +3.6% |
| Trade debts | 44 | €6,324 | €15,076 | +€8,751 | +138.4% |
| Suppliers | 440/4 | €6,324 | €15,076 | +€8,751 | +138.4% |
| Advances received on contracts in progress | 46 | €878 | €748 | -€130 | -14.8% |
| Taxes, remuneration and social security | 45 | €5,948 | - | -€5,948 | |
| Taxes | 450/3 | €5,948 | - | -€5,948 | |
| Other amounts payable | 47/48 | €61,068 | €70,037 | +€8,970 | +14.7% |
| Accrued charges and deferred income | 492/3 | €300 | €3,763 | +€3,463 | +1154.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,793 | €13,643 | +€1,850 | +15.7% |
| Other operating charges | 640/8 | €1,411 | €1,119 | -€292 | -20.7% |
| Gross operating margin | 9900 | €15,293 | €34,940 | +€19,647 | +128.5% |
| Operating profit (loss) | 9901 | €2,088 | €20,178 | +€18,089 | +866.2% |
| Financial income | 75/76B | €626 | €335 | -€291 | -46.5% |
| Recurring financial income | 75 | €626 | €335 | -€291 | -46.5% |
| Financial charges | 65/66B | €703 | €3,866 | +€3,162 | +449.7% |
| Recurring financial charges | 65 | €703 | €3,866 | +€3,162 | +449.7% |
| Profit (loss) for the period before taxes | 9903 | €2,011 | €16,647 | +€14,636 | +727.7% |
| Income taxes | 67/77 | €889 | €3,983 | +€3,094 | +348.1% |
| Profit (loss) for the period | 9904 | €1,122 | €12,664 | +€11,542 | +1028.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,122 | €12,664 | +€11,542 | +1028.3% |
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 7 October 2026 via checked.be.