Schulpen: 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.
Schulpen
Largest movements
- Cash -€27,098
down €27,098 (-61.9%), from €43,811 to €16,713
mainly Investment in fixed assets (net) (-€64,437) and Debts after one year (-€11,445)
- Tangible fixed assets +€22,893
up €22,893 (+2268.9%), from €1,009 to €23,902
of which Plant, machinery and equipment: +€20,454
- Financial fixed assets +€14,500
new in 2024: €14,500
- Stocks and contracts +€7,500
up €7,500, from €0 to €7,500
- Deferred charges and accrued income +€3,585
up €3,585 (+620.2%), from €578 to €4,163
- Other debts +€16,667
up €16,667 (+40.7%), from €40,914 to €57,581
- Debts after one year -€11,445
down €11,445 (-37.8%), from €30,267 to €18,822
- Tax, wage and social debts +€11,049
up €11,049 (+3836.5%), from €288 to €11,337
of which Remuneration and social security: +€8,387
- Trade debts +€4,988
up €4,988 (+34.4%), from €14,521 to €19,509
- Profit (loss) carried forward -€4,179
down €4,179 (-9.8%), from -€42,575 to -€46,754
- Turnover +€265,315
up €265,315 (+214.5%), from €123,693 to €389,008
- Purchases and services +€179,201
up €179,201 (+149.4%), from €119,907 to €299,108
- Staff costs +€50,962
up €50,962 (+178.7%), from €28,516 to €79,478
- Financial charges -€19,972
down €19,972 (-92.0%), from €21,717 to €1,745
of which Non-recurring financial charges: -€18,735
- Financial income -€10,709
down €10,709 (-94.9%), from €11,283 to €574
of which Financial income: -€10,709
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 | €73,386 | €93,055 | +€19,669 | +26.8% |
| Formation expenses | 20 | €1,132 | €1,132 | = | 0.0% |
| Fixed assets | 21/28 | €20,832 | €59,205 | +€38,373 | +184.2% |
| Intangible fixed assets | 21 | €19,823 | €20,803 | +€980 | +4.9% |
| Tangible fixed assets | 22/27 | €1,009 | €23,902 | +€22,893 | +2268.9% |
| Land and buildings | 22 | €0 | €2,035 | +€2,035 | |
| Plant, machinery and equipment | 23 | €1,009 | €21,463 | +€20,454 | +2027.2% |
| Furniture and vehicles | 24 | €0 | €404 | +€404 | |
| Financial fixed assets | 28 | - | €14,500 | +€14,500 | |
| Current assets | 29/58 | €51,422 | €32,718 | -€18,704 | -36.4% |
| Amounts receivable after more than one year | 29 | €914 | - | -€914 | |
| Trade receivables | 290 | €914 | - | -€914 | |
| Stocks and contracts in progress | 3 | €0 | €7,500 | +€7,500 | |
| Stocks | 30/36 | €0 | €7,500 | +€7,500 | |
| Amounts receivable within one year | 40/41 | €6,119 | €4,342 | -€1,777 | -29.0% |
| Trade receivables | 40 | €989 | €3,035 | +€2,046 | +206.9% |
| Other amounts receivable | 41 | €5,130 | €1,307 | -€3,823 | -74.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €43,811 | €16,713 | -€27,098 | -61.9% |
| Deferred charges and accrued income | 490/1 | €578 | €4,163 | +€3,585 | +620.2% |
| Total equity and liabilities | 10/49 | €73,386 | €93,055 | +€19,669 | +26.8% |
| Equity | 10/15 | -€23,725 | -€25,635 | -€1,910 | -8.1% |
| Contributions | 10/11 | €18,850 | €18,850 | = | 0.0% |
| Capital | 10 | - | €18,850 | +€18,850 | |
| Issued capital | 100 | - | €18,850 | +€18,850 | |
| Profit (loss) carried forward | 14 | -€42,575 | -€46,754 | -€4,179 | -9.8% |
| Investment grants | 15 | €0 | €2,269 | +€2,269 | |
| Amounts payable | 17/49 | €97,111 | €118,690 | +€21,579 | +22.2% |
| Amounts payable after more than one year | 17 | €30,267 | €18,822 | -€11,445 | -37.8% |
| Financial debts | 170/4 | €30,267 | €18,822 | -€11,445 | -37.8% |
| Amounts payable within one year | 42/48 | €66,844 | €99,868 | +€33,024 | +49.4% |
| Current portion of amounts payable after more than one year | 42 | €11,121 | €11,441 | +€320 | +2.9% |
| Trade debts | 44 | €14,521 | €19,509 | +€4,988 | +34.4% |
| Suppliers | 440/4 | €14,521 | €19,509 | +€4,988 | +34.4% |
| Taxes, remuneration and social security | 45 | €288 | €11,337 | +€11,049 | +3836.5% |
| Taxes | 450/3 | €288 | €2,950 | +€2,662 | +924.3% |
| Remuneration and social security | 454/9 | - | €8,387 | +€8,387 | |
| Other amounts payable | 47/48 | €40,914 | €57,581 | +€16,667 | +40.7% |
| Turnover | 70 | €123,693 | €389,008 | +€265,315 | +214.5% |
| Non-recurring operating income | 76A | €100,709 | €15,577 | -€85,132 | -84.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €119,907 | €299,108 | +€179,201 | +149.4% |
| Remuneration, social security and pensions | 62 | €28,516 | €79,478 | +€50,962 | +178.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,093 | €26,064 | +€4,971 | +23.6% |
| Other operating charges | 640/8 | €4,060 | €2,965 | -€1,095 | -27.0% |
| Gross operating margin | 9900 | €104,495 | €105,477 | +€982 | +0.9% |
| Operating profit (loss) | 9901 | €50,826 | -€3,030 | -€53,856 | |
| Financial income | 75/76B | €11,283 | €574 | -€10,709 | -94.9% |
| Recurring financial income | 75 | €11,283 | €574 | -€10,709 | -94.9% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €21,717 | €1,745 | -€19,972 | -92.0% |
| Recurring financial charges | 65 | €2,185 | €948 | -€1,237 | -56.6% |
| Non-recurring financial charges | 66B | €19,532 | €797 | -€18,735 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | €40,392 | -€4,201 | -€44,593 | |
| Profit (loss) for the period | 9904 | €40,392 | -€4,201 | -€44,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,392 | -€4,201 | -€44,593 |
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 1 October 2026 via checked.be.