SCHUDDEVELD: 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.
SCHUDDEVELD
Largest movements
- Stocks and contracts -€11,637
down €11,637 (-49.1%), from €23,721 to €12,084
- Receivables within one year +€4,315
up €4,315 (+4.3%), from €101,137 to €105,452
of which Trade receivables: +€4,074
- Tangible fixed assets -€2,661
down €2,661 (-22.6%), from €11,764 to €9,103
- Trade debts -€7,127
down €7,127 (-65.9%), from €10,821 to €3,695
- Debts after one year -€4,086
down €4,086 (-51.3%), from €7,958 to €3,872
- Reserves +€3,500
up €3,500 (+113.0%), from €3,099 to €6,599
of which Distributable reserves: +€6,599
- Short-term financial debts -€1,624
down €1,624 (-23.8%), from €6,830 to €5,206
- Write-downs +€1,815
new in 2025: €1,815
- Other operating charges -€1,049
down €1,049 (-51.2%), from €2,049 to €1,000
- Financial charges -€498
down €498 (-18.6%), from €2,683 to €2,185
- Taxes +€368
up €368 (+12.0%), from €3,080 to €3,449
- Depreciation +€200
up €200 (+4.9%), from €4,085 to €4,286
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 | €136,860 | €127,774 | -€9,086 | -6.6% |
| Fixed assets | 21/28 | €11,814 | €9,153 | -€2,661 | -22.5% |
| Tangible fixed assets | 22/27 | €11,764 | €9,103 | -€2,661 | -22.6% |
| Furniture and vehicles | 24 | €11,764 | €9,103 | -€2,661 | -22.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €125,047 | €118,621 | -€6,425 | -5.1% |
| Stocks and contracts in progress | 3 | €23,721 | €12,084 | -€11,637 | -49.1% |
| Stocks | 30/36 | €23,721 | €12,084 | -€11,637 | -49.1% |
| Amounts receivable within one year | 40/41 | €101,137 | €105,452 | +€4,315 | +4.3% |
| Trade receivables | 40 | €453 | €4,527 | +€4,074 | +898.9% |
| Other amounts receivable | 41 | €100,683 | €100,924 | +€241 | +0.2% |
| Cash at bank and in hand | 54/58 | €6 | €1,085 | +€1,079 | +17515.9% |
| Deferred charges and accrued income | 490/1 | €183 | - | -€183 | |
| Total equity and liabilities | 10/49 | €136,860 | €127,774 | -€9,086 | -6.6% |
| Equity | 10/15 | €98,324 | €102,173 | +€3,848 | +3.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €6,599 | +€3,500 | +113.0% |
| Non-distributable reserves | 130/1 | €3,099 | - | -€3,099 | |
| Reserves not available under the articles | 1311 | €3,099 | - | -€3,099 | |
| Distributable reserves | 133 | - | €6,599 | +€6,599 | |
| Profit (loss) carried forward | 14 | €64,239 | €64,588 | +€348 | +0.5% |
| Amounts payable | 17/49 | €38,536 | €25,601 | -€12,935 | -33.6% |
| Amounts payable after more than one year | 17 | €7,958 | €3,872 | -€4,086 | -51.3% |
| Financial debts | 170/4 | €7,958 | €3,872 | -€4,086 | -51.3% |
| Amounts payable within one year | 42/48 | €30,578 | €21,729 | -€8,849 | -28.9% |
| Current portion of amounts payable after more than one year | 42 | €5,104 | €4,086 | -€1,019 | -20.0% |
| Financial debts | 43 | €6,830 | €5,206 | -€1,624 | -23.8% |
| Credit institutions | 430/8 | €6,830 | €5,206 | -€1,624 | -23.8% |
| Trade debts | 44 | €10,821 | €3,695 | -€7,127 | -65.9% |
| Suppliers | 440/4 | €10,821 | €3,695 | -€7,127 | -65.9% |
| Advances received on contracts in progress | 46 | €230 | - | -€230 | |
| Taxes, remuneration and social security | 45 | €7,593 | €8,743 | +€1,150 | +15.1% |
| Taxes | 450/3 | €7,593 | €8,743 | +€1,150 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €4,286 | +€200 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,815 | +€1,815 | |
| Other operating charges | 640/8 | €2,049 | €1,000 | -€1,049 | -51.2% |
| Non-recurring operating charges | 66A | - | €254 | +€254 | |
| Gross operating margin | 9900 | €16,882 | €16,835 | -€47 | -0.3% |
| Operating profit (loss) | 9901 | €10,748 | €9,482 | -€1,266 | -11.8% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €2,683 | €2,185 | -€498 | -18.6% |
| Recurring financial charges | 65 | €2,683 | €2,185 | -€498 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €8,068 | €7,297 | -€771 | -9.6% |
| Income taxes | 67/77 | €3,080 | €3,449 | +€368 | +12.0% |
| Profit (loss) for the period | 9904 | €4,988 | €3,848 | -€1,140 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,988 | €3,848 | -€1,140 | -22.8% |
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.