SCHULJIN: 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.
SCHULJIN
Largest movements
- Tangible fixed assets -€77,837
down €77,837 (-35.1%), from €221,661 to €143,824
of which Land and buildings: -€71,523
- Receivables within one year -€9,292
down €9,292 (-15.7%), from €59,328 to €50,036
of which Other amounts receivable: -€6,251
- Cash -€3,776
down €3,776 (-41.6%), from €9,066 to €5,291
mainly Net result for the year (-€68,023) and Debts after one year (-€11,991)
- Profit (loss) carried forward -€54,584
down €54,584 (-49.0%), from -€111,416 to -€166,000
- Debts after one year -€11,991
down €11,991 (-8.0%), from €149,067 to €137,075
of which Financial debts: -€13,261
- Reserves -€9,542
down €9,542 (-3.9%), from €242,395 to €232,853
of which Tax-exempt reserves: -€9,542
- Provisions -€9,542
down €9,542 (-41.8%), from €22,854 to €13,311
- Current portion of long-term debt -€5,152
down €5,152 (-28.0%), from €18,413 to €13,261
- Depreciation +€27,666
up €27,666 (+55.1%), from €50,171 to €77,837
- Write-downs -€10,750
down €10,750 (-87.5%), from €12,291 to €1,541
- Gross operating margin -€9,025
down €9,025 (-33.7%), from €26,803 to €17,777
- Other operating charges +€5,270
up €5,270 (+283.4%), from €1,860 to €7,130
- Financial charges -€1,046
down €1,046 (-17.3%), from €6,038 to €4,991
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 | €372,777 | €283,364 | -€89,413 | -24.0% |
| Fixed assets | 21/28 | €221,661 | €143,824 | -€77,837 | -35.1% |
| Tangible fixed assets | 22/27 | €221,661 | €143,824 | -€77,837 | -35.1% |
| Land and buildings | 22 | €211,646 | €140,123 | -€71,523 | -33.8% |
| Plant, machinery and equipment | 23 | €1,229 | €480 | -€749 | -61.0% |
| Furniture and vehicles | 24 | €8,787 | €3,222 | -€5,565 | -63.3% |
| Current assets | 29/58 | €151,116 | €139,540 | -€11,576 | -7.7% |
| Stocks and contracts in progress | 3 | €82,354 | €82,354 | = | 0.0% |
| Stocks | 30/36 | €82,354 | €82,354 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,328 | €50,036 | -€9,292 | -15.7% |
| Trade receivables | 40 | €4,955 | €1,914 | -€3,041 | -61.4% |
| Other amounts receivable | 41 | €54,373 | €48,121 | -€6,251 | -11.5% |
| Cash at bank and in hand | 54/58 | €9,066 | €5,291 | -€3,776 | -41.6% |
| Deferred charges and accrued income | 490/1 | €367 | €1,860 | +€1,492 | +406.2% |
| Total equity and liabilities | 10/49 | €372,777 | €283,364 | -€89,413 | -24.0% |
| Equity | 10/15 | €149,579 | €85,453 | -€64,126 | -42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €242,395 | €232,853 | -€9,542 | -3.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €120,280 | €110,738 | -€9,542 | -7.9% |
| Distributable reserves | 133 | €120,256 | €120,256 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,416 | -€166,000 | -€54,584 | -49.0% |
| Provisions and deferred taxes | 16 | €22,854 | €13,311 | -€9,542 | -41.8% |
| Deferred taxes | 168 | €22,854 | €13,311 | -€9,542 | -41.8% |
| Amounts payable | 17/49 | €200,344 | €184,600 | -€15,744 | -7.9% |
| Amounts payable after more than one year | 17 | €149,067 | €137,075 | -€11,991 | -8.0% |
| Financial debts | 170/4 | €149,067 | €135,806 | -€13,261 | -8.9% |
| Other amounts payable | 178/9 | - | €1,269 | +€1,269 | |
| Amounts payable within one year | 42/48 | €51,277 | €47,286 | -€3,991 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €18,413 | €13,261 | -€5,152 | -28.0% |
| Trade debts | 44 | €3,807 | €4,044 | +€237 | +6.2% |
| Suppliers | 440/4 | €3,807 | €4,044 | +€237 | +6.2% |
| Advances received on contracts in progress | 46 | - | €2,567 | +€2,567 | |
| Taxes, remuneration and social security | 45 | €1,854 | €182 | -€1,673 | -90.2% |
| Taxes | 450/3 | €1,854 | €182 | -€1,673 | -90.2% |
| Other amounts payable | 47/48 | €27,203 | €27,233 | +€29 | +0.1% |
| Accrued charges and deferred income | 492/3 | - | €238 | +€238 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,171 | €77,837 | +€27,666 | +55.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,291 | €1,541 | -€10,750 | -87.5% |
| Other operating charges | 640/8 | €1,860 | €7,130 | +€5,270 | +283.4% |
| Gross operating margin | 9900 | €26,803 | €17,777 | -€9,025 | -33.7% |
| Operating profit (loss) | 9901 | -€37,519 | -€68,730 | -€31,211 | -83.2% |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €6,038 | €4,991 | -€1,046 | -17.3% |
| Recurring financial charges | 65 | €6,038 | €4,991 | -€1,046 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€43,557 | -€73,669 | -€30,112 | -69.1% |
| Transfer from deferred taxes | 780 | €0 | €5,645 | +€5,645 | |
| Profit (loss) for the period | 9904 | -€43,557 | -€68,023 | -€24,467 | -56.2% |
| Transfer from tax-exempt reserves | 789 | €0 | €13,439 | +€13,439 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,557 | -€54,584 | -€11,027 | -25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.