SCHRIJFWERKEN: 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.
SCHRIJFWERKEN
Largest movements
- Cash -€46,393
down €46,393 (-70.0%), from €66,267 to €19,874
mainly Net result for the year (-€107,073) and Debts after one year (-€31,393)
- Receivables within one year -€31,952
down €31,952 (-55.5%), from €57,559 to €25,606
of which Trade receivables: -€22,054
- Tangible fixed assets -€29,493
down €29,493 (-4.5%), from €662,305 to €632,813
of which Land and buildings: -€29,492
- Profit (loss) carried forward -€88,297
new in 2025: -€88,297
- Debts after one year -€31,393
down €31,393 (-8.6%), from €364,839 to €333,446
- Tax, wage and social debts +€27,319
up €27,319 (+269%), from €10,137 to €37,456
of which Remuneration and social security: +€24,000
- Reserves -€18,776
down €18,776 (-91.0%), from €20,631 to €1,855
of which Distributable reserves: -€18,776
- Gross operating margin -€53,273
down €53,273, from €10,423 to -€42,850
- Depreciation +€27,582
up €27,582 (+241%), from €11,452 to €39,034
- Provisions +€26,322
no longer reported in 2025 (was -€26,322)
- Financial charges -€25,150
down €25,150 (-51.8%), from €48,553 to €23,403
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 | €786,131 | €682,340 | -€103,790 | -13.2% |
| Fixed assets | 21/28 | €662,305 | €632,813 | -€29,493 | -4.5% |
| Tangible fixed assets | 22/27 | €662,305 | €632,813 | -€29,493 | -4.5% |
| Land and buildings | 22 | €655,264 | €625,772 | -€29,492 | -4.5% |
| Plant, machinery and equipment | 23 | €4,438 | €3,058 | -€1,381 | -31.1% |
| Furniture and vehicles | 24 | €2,603 | €3,982 | +€1,380 | +53.0% |
| Current assets | 29/58 | €123,825 | €49,528 | -€74,298 | -60.0% |
| Amounts receivable within one year | 40/41 | €57,559 | €25,606 | -€31,952 | -55.5% |
| Trade receivables | 40 | €32,915 | €10,860 | -€22,054 | -67.0% |
| Other amounts receivable | 41 | €24,644 | €14,746 | -€9,898 | -40.2% |
| Cash at bank and in hand | 54/58 | €66,267 | €19,874 | -€46,393 | -70.0% |
| Deferred charges and accrued income | 490/1 | - | €4,047 | +€4,047 | |
| Total equity and liabilities | 10/49 | €786,131 | €682,340 | -€103,790 | -13.2% |
| Equity | 10/15 | €34,631 | -€72,442 | -€107,073 | |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €20,631 | €1,855 | -€18,776 | -91.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €18,776 | - | -€18,776 | |
| Profit (loss) carried forward | 14 | - | -€88,297 | -€88,297 | |
| Provisions and deferred taxes | 16 | €241,905 | €243,195 | +€1,289 | +0.5% |
| Provisions for liabilities and charges | 160/5 | €241,905 | €243,195 | +€1,289 | +0.5% |
| Environmental obligations | 163 | €241,905 | €243,195 | +€1,289 | +0.5% |
| Amounts payable | 17/49 | €509,594 | €511,588 | +€1,993 | +0.4% |
| Amounts payable after more than one year | 17 | €364,839 | €333,446 | -€31,393 | -8.6% |
| Financial debts | 170/4 | €364,839 | €333,446 | -€31,393 | -8.6% |
| Amounts payable within one year | 42/48 | €144,756 | €178,142 | +€33,386 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €30,854 | €31,393 | +€539 | +1.7% |
| Trade debts | 44 | €2,298 | €1,141 | -€1,157 | -50.3% |
| Suppliers | 440/4 | €2,298 | €1,141 | -€1,157 | -50.3% |
| Taxes, remuneration and social security | 45 | €10,137 | €37,456 | +€27,319 | +269% |
| Taxes | 450/3 | €4,137 | €7,456 | +€3,319 | +80.2% |
| Remuneration and social security | 454/9 | €6,000 | €30,000 | +€24,000 | +400% |
| Other amounts payable | 47/48 | €101,466 | €108,152 | +€6,686 | +6.6% |
| Non-recurring operating income | 76A | €1,898 | - | -€1,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,452 | €39,034 | +€27,582 | +241% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€26,322 | - | +€26,322 | |
| Other operating charges | 640/8 | €1,872 | €1,526 | -€347 | -18.5% |
| Gross operating margin | 9900 | €10,423 | -€42,850 | -€53,273 | |
| Operating profit (loss) | 9901 | €23,422 | -€83,409 | -€106,830 | |
| Financial income | 75/76B | €14 | €3 | -€11 | -75.6% |
| Recurring financial income | 75 | €14 | €3 | -€11 | -75.6% |
| Financial charges | 65/66B | €48,553 | €23,403 | -€25,150 | -51.8% |
| Recurring financial charges | 65 | €48,553 | €23,403 | -€25,150 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | -€25,117 | -€106,809 | -€81,691 | -325% |
| Income taxes | 67/77 | €256 | €264 | +€8 | +3.1% |
| Profit (loss) for the period | 9904 | -€25,373 | -€107,073 | -€81,699 | -322% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,373 | -€107,073 | -€81,699 | -322% |
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 19 October 2026 via checked.be.