Schoovaerts Construct: 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.
Schoovaerts Construct
Largest movements
- Cash -€22,610
down €22,610 (-29.1%), from €77,754 to €55,144
mainly Tax, wage and social debts (-€32,540) and Short-term financial debts (-€10,000)
- Tax, wage and social debts -€32,540
down €32,540 (-91.1%), from €35,700 to €3,160
- Profit (loss) carried forward +€31,988
new in 2026: €31,988
- Short-term financial debts -€10,000
no longer reported in 2026 (was €10,000)
- Debts after one year -€9,228
down €9,228 (-11.5%), from €80,042 to €70,814
of which Financial debts: -€19,228
- Other debts -€7,377
down €7,377 (-9.1%), from €81,030 to €73,653
- Gross operating margin -€100,404
down €100,404 (-70.5%), from €142,369 to €41,965
- Taxes -€32,447
down €32,447 (-94.9%), from €34,194 to €1,747
- Financial charges +€2,114
up €2,114 (+39.1%), from €5,411 to €7,525
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,878 | €310,605 | -€25,273 | -7.5% |
| Fixed assets | 21/28 | €189,275 | €188,150 | -€1,125 | -0.6% |
| Financial fixed assets | 28 | €189,275 | €188,150 | -€1,125 | -0.6% |
| Current assets | 29/58 | €146,603 | €122,455 | -€24,148 | -16.5% |
| Amounts receivable within one year | 40/41 | €68,148 | €67,311 | -€837 | -1.2% |
| Trade receivables | 40 | €52,775 | €52,208 | -€567 | -1.1% |
| Other amounts receivable | 41 | €15,373 | €15,103 | -€270 | -1.8% |
| Cash at bank and in hand | 54/58 | €77,754 | €55,144 | -€22,610 | -29.1% |
| Deferred charges and accrued income | 490/1 | €700 | - | -€700 | |
| Total equity and liabilities | 10/49 | €335,878 | €310,605 | -€25,273 | -7.5% |
| Equity | 10/15 | €109,583 | €141,571 | +€31,988 | +29.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €102,583 | €102,583 | -€0 | 0.0% |
| Distributable reserves | 133 | €102,583 | €102,583 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | - | €31,988 | +€31,988 | |
| Amounts payable | 17/49 | €226,295 | €169,034 | -€57,261 | -25.3% |
| Amounts payable after more than one year | 17 | €80,042 | €70,814 | -€9,228 | -11.5% |
| Financial debts | 170/4 | €80,042 | €60,814 | -€19,228 | -24.0% |
| Other amounts payable | 178/9 | - | €10,000 | +€10,000 | |
| Amounts payable within one year | 42/48 | €146,253 | €98,220 | -€48,033 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €18,454 | €19,228 | +€774 | +4.2% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €1,069 | €2,179 | +€1,111 | +104% |
| Suppliers | 440/4 | €1,069 | €2,179 | +€1,111 | +104% |
| Taxes, remuneration and social security | 45 | €35,700 | €3,160 | -€32,540 | -91.1% |
| Taxes | 450/3 | €35,700 | €3,160 | -€32,540 | -91.1% |
| Other amounts payable | 47/48 | €81,030 | €73,653 | -€7,377 | -9.1% |
| Other operating charges | 640/8 | €180 | €705 | +€525 | +291% |
| Gross operating margin | 9900 | €142,369 | €41,965 | -€100,404 | -70.5% |
| Operating profit (loss) | 9901 | €142,189 | €41,260 | -€100,929 | -71.0% |
| Financial charges | 65/66B | €5,411 | €7,525 | +€2,114 | +39.1% |
| Recurring financial charges | 65 | €5,411 | €7,525 | +€2,114 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €136,778 | €33,735 | -€103,043 | -75.3% |
| Income taxes | 67/77 | €34,194 | €1,747 | -€32,447 | -94.9% |
| Profit (loss) for the period | 9904 | €102,583 | €31,988 | -€70,595 | -68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,583 | €31,988 | -€70,595 | -68.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.