Schoofs Construct: 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.
Schoofs Construct
Largest movements
- Tangible fixed assets -€150,105
down €150,105 (-50.8%), from €295,251 to €145,146
- Cash +€85,114
up €85,114 (+516.9%), from €16,466 to €101,580
mainly Investment in fixed assets (net) (+€143,633) and Short-term financial debts (+€118,300)
- Receivables within one year +€29,676
up €29,676 (+2727.0%), from €1,088 to €30,765
of which Trade receivables: +€24,745
- Debts after one year -€213,686
down €213,686 (-34.3%), from €623,568 to €409,883
- Short-term financial debts +€118,300
new in 2025: €118,300
- Reserves +€62,514
up €62,514 (+172.0%), from €36,348 to €98,862
- Current portion of long-term debt -€7,183
down €7,183 (-44.3%), from €16,228 to €9,045
- Gross operating margin +€82,681
up €82,681 (+257.0%), from €32,172 to €114,852
- Taxes +€16,068
up €16,068 (+1762.3%), from €912 to €16,980
- Financial charges +€9,149
up €9,149 (+65.1%), from €14,063 to €23,212
- Depreciation -€5,910
down €5,910 (-47.7%), from €12,381 to €6,472
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 | €704,104 | €668,807 | -€35,297 | -5.0% |
| Fixed assets | 21/28 | €295,251 | €145,146 | -€150,105 | -50.8% |
| Tangible fixed assets | 22/27 | €295,251 | €145,146 | -€150,105 | -50.8% |
| Land and buildings | 22 | €295,251 | €145,146 | -€150,105 | -50.8% |
| Current assets | 29/58 | €408,853 | €523,661 | +€114,808 | +28.1% |
| Stocks and contracts in progress | 3 | €391,298 | €391,298 | = | 0.0% |
| Stocks | 30/36 | €391,298 | €391,298 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,088 | €30,765 | +€29,676 | +2727.0% |
| Trade receivables | 40 | - | €24,745 | +€24,745 | |
| Other amounts receivable | 41 | €1,088 | €6,020 | +€4,932 | +453.2% |
| Cash at bank and in hand | 54/58 | €16,466 | €101,580 | +€85,114 | +516.9% |
| Deferred charges and accrued income | 490/1 | - | €18 | +€18 | |
| Total equity and liabilities | 10/49 | €704,104 | €668,807 | -€35,297 | -5.0% |
| Equity | 10/15 | €46,348 | €108,862 | +€62,514 | +134.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €36,348 | €98,862 | +€62,514 | +172.0% |
| Distributable reserves | 133 | €36,348 | €98,862 | +€62,514 | +172.0% |
| Amounts payable | 17/49 | €657,756 | €559,945 | -€97,811 | -14.9% |
| Amounts payable after more than one year | 17 | €623,568 | €409,883 | -€213,686 | -34.3% |
| Financial debts | 170/4 | €623,568 | €409,883 | -€213,686 | -34.3% |
| Amounts payable within one year | 42/48 | €29,438 | €145,313 | +€115,875 | +393.6% |
| Current portion of amounts payable after more than one year | 42 | €16,228 | €9,045 | -€7,183 | -44.3% |
| Financial debts | 43 | - | €118,300 | +€118,300 | |
| Credit institutions | 430/8 | - | €118,300 | +€118,300 | |
| Trade debts | 44 | €387 | €30 | -€357 | -92.3% |
| Suppliers | 440/4 | €387 | €30 | -€357 | -92.3% |
| Taxes, remuneration and social security | 45 | €1,340 | €6,455 | +€5,115 | +381.6% |
| Taxes | 450/3 | €1,340 | €6,455 | +€5,115 | +381.6% |
| Other amounts payable | 47/48 | €11,482 | €11,482 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,750 | €4,750 | = | 0.0% |
| Non-recurring operating income | 76A | - | €59,209 | +€59,209 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,381 | €6,472 | -€5,910 | -47.7% |
| Other operating charges | 640/8 | €732 | €1,675 | +€943 | +128.9% |
| Gross operating margin | 9900 | €32,172 | €114,852 | +€82,681 | +257.0% |
| Operating profit (loss) | 9901 | €19,059 | €106,706 | +€87,647 | +459.9% |
| Financial charges | 65/66B | €14,063 | €23,212 | +€9,149 | +65.1% |
| Recurring financial charges | 65 | €14,063 | €23,212 | +€9,149 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €4,996 | €83,494 | +€78,498 | +1571.2% |
| Income taxes | 67/77 | €912 | €16,980 | +€16,068 | +1762.3% |
| Profit (loss) for the period | 9904 | €4,084 | €66,514 | +€62,430 | +1528.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,084 | €66,514 | +€62,430 | +1528.5% |
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 5 October 2026 via checked.be.