SCHOUTEETENS: 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.
SCHOUTEETENS
Largest movements
- Tangible fixed assets -€107,542
down €107,542 (-17.8%), from €604,792 to €497,250
of which Plant, machinery and equipment: -€99,898
- Cash -€100,082
down €100,082 (-30.0%), from €333,894 to €233,812
mainly Short-term financial debts (-€162,599) and Debts after one year (-€73,583)
- Receivables within one year -€93,492
down €93,492 (-17.3%), from €540,956 to €447,464
of which Trade receivables: -€60,651
- Stocks and contracts +€33,826
up €33,826 (+47.1%), from €71,866 to €105,692
- Short-term financial debts -€162,599
down €162,599 (-58.2%), from €279,416 to €116,817
- Debts after one year -€73,583
down €73,583 (-82.8%), from €88,852 to €15,269
- Other debts -€48,528
down €48,528 (-13.7%), from €353,983 to €305,455
- Current portion of long-term debt +€27,220
up €27,220 (+53.1%), from €51,237 to €78,457
- Tax, wage and social debts -€22,470
down €22,470 (-23.9%), from €93,979 to €71,509
of which Taxes: -€24,331
- Gross operating margin -€201,259
down €201,259 (-18.0%), from €1.1m to €915,279
- Taxes -€48,362
down €48,362 (-62.7%), from €77,128 to €28,766
- Staff costs +€30,998
up €30,998 (+5.2%), from €596,255 to €627,254
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 | €1,579,319 | €1,307,125 | -€272,194 | -17.2% |
| Fixed assets | 21/28 | €604,792 | €497,820 | -€106,972 | -17.7% |
| Tangible fixed assets | 22/27 | €604,792 | €497,250 | -€107,542 | -17.8% |
| Plant, machinery and equipment | 23 | €536,042 | €436,144 | -€99,898 | -18.6% |
| Furniture and vehicles | 24 | €32,056 | €32,911 | +€855 | +2.7% |
| Leasing and similar rights | 25 | €36,694 | €28,194 | -€8,500 | -23.2% |
| Financial fixed assets | 28 | - | €570 | +€570 | |
| Current assets | 29/58 | €974,526 | €809,305 | -€165,221 | -17.0% |
| Stocks and contracts in progress | 3 | €71,866 | €105,692 | +€33,826 | +47.1% |
| Stocks | 30/36 | €71,866 | €105,692 | +€33,826 | +47.1% |
| Amounts receivable within one year | 40/41 | €540,956 | €447,464 | -€93,492 | -17.3% |
| Trade receivables | 40 | €383,690 | €323,039 | -€60,651 | -15.8% |
| Other amounts receivable | 41 | €157,266 | €124,425 | -€32,841 | -20.9% |
| Cash at bank and in hand | 54/58 | €333,894 | €233,812 | -€100,082 | -30.0% |
| Deferred charges and accrued income | 490/1 | €27,810 | €22,336 | -€5,474 | -19.7% |
| Total equity and liabilities | 10/49 | €1,579,319 | €1,307,125 | -€272,194 | -17.2% |
| Equity | 10/15 | €615,297 | €615,297 | = | 0.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €305,355 | €305,355 | = | 0.0% |
| Distributable reserves | 133 | €305,355 | €305,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,153 | €285,153 | = | 0.0% |
| Amounts payable | 17/49 | €964,021 | €691,828 | -€272,194 | -28.2% |
| Amounts payable after more than one year | 17 | €88,852 | €15,269 | -€73,583 | -82.8% |
| Financial debts | 170/4 | €88,852 | €15,269 | -€73,583 | -82.8% |
| Amounts payable within one year | 42/48 | €875,169 | €676,559 | -€198,611 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €51,237 | €78,457 | +€27,220 | +53.1% |
| Financial debts | 43 | €279,416 | €116,817 | -€162,599 | -58.2% |
| Credit institutions | 430/8 | €279,416 | €116,817 | -€162,599 | -58.2% |
| Trade debts | 44 | €96,555 | €103,297 | +€6,742 | +7.0% |
| Suppliers | 440/4 | €96,555 | €103,297 | +€6,742 | +7.0% |
| Advances received on contracts in progress | 46 | - | €1,024 | +€1,024 | |
| Taxes, remuneration and social security | 45 | €93,979 | €71,509 | -€22,470 | -23.9% |
| Taxes | 450/3 | €52,283 | €27,952 | -€24,331 | -46.5% |
| Remuneration and social security | 454/9 | €41,695 | €43,557 | +€1,861 | +4.5% |
| Other amounts payable | 47/48 | €353,983 | €305,455 | -€48,528 | -13.7% |
| Non-recurring operating income | 76A | €13,636 | €0 | -€13,636 | -100.0% |
| Remuneration, social security and pensions | 62 | €596,255 | €627,254 | +€30,998 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,639 | €177,412 | +€8,774 | +5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €141 | €2,358 | +€2,217 | +1571.9% |
| Other operating charges | 640/8 | €3,152 | €9,509 | +€6,358 | +201.7% |
| Non-recurring operating charges | 66A | €39,750 | €5,945 | -€33,805 | -85.0% |
| Gross operating margin | 9900 | €1,116,539 | €915,279 | -€201,259 | -18.0% |
| Operating profit (loss) | 9901 | €308,602 | €92,801 | -€215,801 | -69.9% |
| Financial income | 75/76B | €8,693 | €7,846 | -€846 | -9.7% |
| Recurring financial income | 75 | €8,693 | €7,846 | -€846 | -9.7% |
| Financial charges | 65/66B | €20,907 | €19,155 | -€1,752 | -8.4% |
| Recurring financial charges | 65 | €20,907 | €19,155 | -€1,752 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €296,387 | €81,492 | -€214,896 | -72.5% |
| Income taxes | 67/77 | €77,128 | €28,766 | -€48,362 | -62.7% |
| Profit (loss) for the period | 9904 | €219,259 | €52,726 | -€166,533 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €219,259 | €52,726 | -€166,533 | -76.0% |
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 12 October 2026 via checked.be.