SCHORHOUT: 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.
SCHORHOUT
Largest movements
- Cash -€23,269
down €23,269 (-27.6%), from €84,386 to €61,117
mainly Contributions, distributions and other (-€44,923) and Investment in fixed assets (net) (-€18,225)
- Tangible fixed assets -€6,809
down €6,809 (-2.0%), from €347,377 to €340,568
of which Land and buildings: -€20,258
- Reserves -€22,013
down €22,013 (-8.8%), from €250,579 to €228,566
of which Distributable reserves: -€18,739
- Debts after one year -€9,913
down €9,913 (-16.0%), from €61,848 to €51,935
- Gross operating margin +€17,643
up €17,643 (+35.4%), from €49,792 to €67,435
- Taxes +€5,771
up €5,771 (+101%), from €5,686 to €11,457
- Financial charges -€3,078
down €3,078 (-28.5%), from €10,785 to €7,706
- Financial income +€1,786
up €1,786, from €0 to €1,786
- Depreciation +€1,629
up €1,629 (+7.0%), from €23,405 to €25,034
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 | €574,244 | €544,930 | -€29,314 | -5.1% |
| Fixed assets | 21/28 | €347,676 | €340,867 | -€6,809 | -2.0% |
| Tangible fixed assets | 22/27 | €347,377 | €340,568 | -€6,809 | -2.0% |
| Land and buildings | 22 | €343,852 | €323,594 | -€20,258 | -5.9% |
| Plant, machinery and equipment | 23 | €1,836 | €1,155 | -€681 | -37.1% |
| Furniture and vehicles | 24 | €1,689 | €15,819 | +€14,130 | +836% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €226,568 | €204,063 | -€22,505 | -9.9% |
| Amounts receivable within one year | 40/41 | €14,527 | €15,415 | +€887 | +6.1% |
| Trade receivables | 40 | €14,424 | €15,415 | +€990 | +6.9% |
| Other amounts receivable | 41 | €103 | €0 | -€103 | -100% |
| Current investments | 50/53 | €125,000 | €125,032 | +€32 | 0.0% |
| Cash at bank and in hand | 54/58 | €84,386 | €61,117 | -€23,269 | -27.6% |
| Deferred charges and accrued income | 490/1 | €2,654 | €2,499 | -€155 | -5.8% |
| Total equity and liabilities | 10/49 | €574,244 | €544,930 | -€29,314 | -5.1% |
| Equity | 10/15 | €401,242 | €379,228 | -€22,013 | -5.5% |
| Contributions | 10/11 | €150,663 | €150,663 | = | 0.0% |
| Reserves | 13 | €250,579 | €228,566 | -€22,013 | -8.8% |
| Non-distributable reserves | 130/1 | €15,066 | €15,066 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,066 | €15,066 | = | 0.0% |
| Tax-exempt reserves | 132 | €50,420 | €47,145 | -€3,274 | -6.5% |
| Distributable reserves | 133 | €185,093 | €166,354 | -€18,739 | -10.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €12,377 | €11,287 | -€1,090 | -8.8% |
| Deferred taxes | 168 | €12,377 | €11,287 | -€1,090 | -8.8% |
| Amounts payable | 17/49 | €160,625 | €154,415 | -€6,210 | -3.9% |
| Amounts payable after more than one year | 17 | €61,848 | €51,935 | -€9,913 | -16.0% |
| Financial debts | 170/4 | €61,848 | €51,935 | -€9,913 | -16.0% |
| Amounts payable within one year | 42/48 | €98,777 | €102,480 | +€3,703 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €9,761 | €9,913 | +€152 | +1.6% |
| Financial debts | 43 | €640 | €2,722 | +€2,082 | +325% |
| Credit institutions | 430/8 | €640 | €2,722 | +€2,082 | +325% |
| Trade debts | 44 | €3,472 | €2,783 | -€688 | -19.8% |
| Suppliers | 440/4 | €3,472 | €2,783 | -€688 | -19.8% |
| Taxes, remuneration and social security | 45 | €10,815 | €11,676 | +€861 | +8.0% |
| Taxes | 450/3 | €10,815 | €11,676 | +€861 | +8.0% |
| Other amounts payable | 47/48 | €74,089 | €75,386 | +€1,297 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,405 | €25,034 | +€1,629 | +7.0% |
| Other operating charges | 640/8 | €3,578 | €3,205 | -€373 | -10.4% |
| Gross operating margin | 9900 | €49,792 | €67,435 | +€17,643 | +35.4% |
| Operating profit (loss) | 9901 | €22,810 | €39,197 | +€16,387 | +71.8% |
| Financial income | 75/76B | €0 | €1,786 | +€1,786 | |
| Recurring financial income | 75 | €0 | €1,786 | +€1,786 | |
| Financial charges | 65/66B | €10,785 | €7,706 | -€3,078 | -28.5% |
| Recurring financial charges | 65 | €10,785 | €7,706 | -€3,078 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | €12,025 | €33,276 | +€21,251 | +177% |
| Transfer from deferred taxes | 780 | €1,090 | €1,090 | = | 0.0% |
| Income taxes | 67/77 | €5,686 | €11,457 | +€5,771 | +101% |
| Profit (loss) for the period | 9904 | €7,429 | €22,910 | +€15,480 | +208% |
| Transfer from tax-exempt reserves | 789 | €3,274 | €3,274 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,704 | €26,184 | +€15,480 | +145% |
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 13 October 2026 via checked.be.