SCHUGALTE: what changed
Two fiscal 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.
SCHUGALTE
Largest movements
- Receivables within one year +€47,103
up €47,103 (+42.9%), from €109,679 to €156,781
of which Trade receivables: +€46,596
- Tangible fixed assets -€39,673
down €39,673 (-7.7%), from €515,364 to €475,691
- Cash -€37,016
down €37,016 (-64.6%), from €57,296 to €20,281
mainly Receivables within one year (-€47,103) and Debts after one year (-€27,222)
- Debts after one year -€27,222
down €27,222 (-9.5%), from €285,681 to €258,459
- Profit (loss) carried forward +€15,982
up €15,982 (+6.3%), from €253,381 to €269,363
- Other debts -€12,179
down €12,179 (-17.3%), from €70,590 to €58,411
- Gross operating margin -€37,249
down €37,249 (-27.8%), from €133,893 to €96,643
- Depreciation +€26,255
up €26,255 (+76.6%), from €34,268 to €60,524
- Taxes -€19,915
down €19,915 (-88.2%), from €22,584 to €2,669
- Financial charges +€4,481
up €4,481 (+40.8%), from €10,981 to €15,462
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €689,411 | €661,101 | -€28,310 | -4.1% |
| Fixed assets | 21/28 | €515,624 | €475,951 | -€39,673 | -7.7% |
| Tangible fixed assets | 22/27 | €515,364 | €475,691 | -€39,673 | -7.7% |
| Furniture and vehicles | 24 | €515,364 | €475,691 | -€39,673 | -7.7% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €173,787 | €185,149 | +€11,363 | +6.5% |
| Amounts receivable within one year | 40/41 | €109,679 | €156,781 | +€47,103 | +42.9% |
| Trade receivables | 40 | €100,158 | €146,753 | +€46,596 | +46.5% |
| Other amounts receivable | 41 | €9,521 | €10,028 | +€507 | +5.3% |
| Cash at bank and in hand | 54/58 | €57,296 | €20,281 | -€37,016 | -64.6% |
| Deferred charges and accrued income | 490/1 | €6,812 | €8,087 | +€1,276 | +18.7% |
| Total equity and liabilities | 10/49 | €689,411 | €661,101 | -€28,310 | -4.1% |
| Equity | 10/15 | €268,841 | €284,823 | +€15,982 | +5.9% |
| Contributions | 10/11 | €13,600 | €13,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €253,381 | €269,363 | +€15,982 | +6.3% |
| Amounts payable | 17/49 | €420,569 | €376,278 | -€44,291 | -10.5% |
| Amounts payable after more than one year | 17 | €285,681 | €258,459 | -€27,222 | -9.5% |
| Financial debts | 170/4 | €285,681 | €258,459 | -€27,222 | -9.5% |
| Amounts payable within one year | 42/48 | €134,196 | €117,819 | -€16,377 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €25,945 | €27,222 | +€1,277 | +4.9% |
| Trade debts | 44 | €13,230 | €9,956 | -€3,274 | -24.7% |
| Suppliers | 440/4 | €13,230 | €9,956 | -€3,274 | -24.7% |
| Taxes, remuneration and social security | 45 | €24,431 | €22,230 | -€2,202 | -9.0% |
| Taxes | 450/3 | €24,431 | €12,964 | -€11,467 | -46.9% |
| Remuneration and social security | 454/9 | - | €9,266 | +€9,266 | |
| Other amounts payable | 47/48 | €70,590 | €58,411 | -€12,179 | -17.3% |
| Accrued charges and deferred income | 492/3 | €693 | - | -€693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,268 | €60,524 | +€26,255 | +76.6% |
| Other operating charges | 640/8 | €1,387 | €2,007 | +€620 | +44.7% |
| Gross operating margin | 9900 | €133,893 | €96,643 | -€37,249 | -27.8% |
| Operating profit (loss) | 9901 | €98,237 | €34,112 | -€64,125 | -65.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €10,981 | €15,462 | +€4,481 | +40.8% |
| Recurring financial charges | 65 | €10,981 | €15,462 | +€4,481 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €87,256 | €18,651 | -€68,605 | -78.6% |
| Income taxes | 67/77 | €22,584 | €2,669 | -€19,915 | -88.2% |
| Profit (loss) for the period | 9904 | €64,672 | €15,982 | -€48,691 | -75.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,672 | €15,982 | -€48,691 | -75.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.