SCHYNS - GOLDSTEIN SA: 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.
What changed
SCHYNS - GOLDSTEIN SA
NACE 46.423, Wholesale of clothing, excluding workwear and underwear
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€445,774
2024 · €138,365+€307,409
Equity
€2.7m
2024 · €2.3m+€445,774
Cash
€846,134
2024 · €347,356+€498,778
Balance sheet total
€4.5m
2024 · €4.0m+€498,532
Largest movements
Assets
- Cash +€498,778
up €498,778 (+144%), from €347,356 to €846,134
mainly Net result for the year (+€445,774) and Investment in fixed assets (net) (+€208,509)
- Receivables after one year +€314,573
up €314,573 (+17.6%), from €1.8m to €2.1m
- Tangible fixed assets -€221,336
down €221,336 (-27.4%), from €806,987 to €585,651
of which Other tangible fixed assets: -€209,197
- Receivables within one year -€89,664
down €89,664 (-99.1%), from €90,459 to €795
of which Trade receivables: -€89,622
Equity and liabilities
- Reserves +€442,306
up €442,306 (+36.2%), from €1.2m to €1.7m
of which Distributable reserves: +€483,200
- Tax, wage and social debts +€60,239
up €60,239 (+367%), from €16,392 to €76,631
Income statement
- Gross operating margin +€447,786
up €447,786 (+191%), from €234,367 to €682,153
- Taxes +€178,846
up €178,846 (+386%), from €46,392 to €225,239
- Depreciation -€21,434
down €21,434 (-62.6%), from €34,261 to €12,827
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.
Result 2024
€138,365
Gross operating margin
+€447,786
Staff costs
-€599
Depreciation
+€21,434
Other operating charges
+€3,345
Financial income
+€5,877
Financial charges
-€457
Taxes
-€178,846
Deferred taxes and other
+€8,870
Result 2025
€445,774
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€254,919
Investment
+€208,509
Financing
+€35,350
Cash 2024
€347,356
From operations (derived)
+€254,919
Net result for the year
+€445,774
Depreciation
+€12,827
Receivables after one year
-€314,573
Receivables within one year
+€89,664
Deferred charges and accrued income
+€3,819
Provisions
-€10,224
Trade debts
-€33,376
Tax, wage and social debts
+€60,239
Smaller working-capital items
+€769
Investment (derived)
+€208,509
Investment in fixed assets (net)
+€208,509
Financing
+€35,350
Debts after one year
+€35,350
Cash 2025
€846,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,976,140 | €4,474,671 | +€498,532 | +12.5% |
| Fixed assets | 21/28 | €1,742,485 | €1,521,149 | -€221,336 | -12.7% |
| Tangible fixed assets | 22/27 | €806,987 | €585,651 | -€221,336 | -27.4% |
| Land and buildings | 22 | €594,603 | €583,053 | -€11,550 | -1.9% |
| Furniture and vehicles | 24 | €589 | €0 | -€589 | -100% |
| Other tangible fixed assets | 26 | €211,795 | €2,597 | -€209,197 | -98.8% |
| Financial fixed assets | 28 | €935,499 | €935,499 | = | 0.0% |
| Current assets | 29/58 | €2,233,654 | €2,953,522 | +€719,868 | +32.2% |
| Amounts receivable after more than one year | 29 | €1,788,704 | €2,103,277 | +€314,573 | +17.6% |
| Other amounts receivable | 291 | €1,788,704 | €2,103,277 | +€314,573 | +17.6% |
| Amounts receivable within one year | 40/41 | €90,459 | €795 | -€89,664 | -99.1% |
| Trade receivables | 40 | €90,417 | €795 | -€89,622 | -99.1% |
| Other amounts receivable | 41 | €42 | €0 | -€42 | -100% |
| Cash at bank and in hand | 54/58 | €347,356 | €846,134 | +€498,778 | +144% |
| Deferred charges and accrued income | 490/1 | €7,135 | €3,316 | -€3,819 | -53.5% |
| Total equity and liabilities | 10/49 | €3,976,140 | €4,474,671 | +€498,532 | +12.5% |
| Equity | 10/15 | €2,257,187 | €2,702,961 | +€445,774 | +19.7% |
| Contributions | 10/11 | €1,026,800 | €1,026,800 | = | 0.0% |
| Capital | 10 | €1,026,800 | €1,026,800 | = | 0.0% |
| Issued capital | 100 | €1,026,800 | €1,026,800 | = | 0.0% |
| Reserves | 13 | €1,222,732 | €1,665,038 | +€442,306 | +36.2% |
| Non-distributable reserves | 130/1 | €192,680 | €192,680 | = | 0.0% |
| Legal reserve | 130 | €192,680 | €192,680 | = | 0.0% |
| Tax-exempt reserves | 132 | €41,052 | €158 | -€40,894 | -99.6% |
| Distributable reserves | 133 | €989,000 | €1,472,200 | +€483,200 | +48.9% |
| Profit (loss) carried forward | 14 | €7,655 | €11,123 | +€3,468 | +45.3% |
| Provisions and deferred taxes | 16 | €19,187 | €8,964 | -€10,224 | -53.3% |
| Provisions for liabilities and charges | 160/5 | €8,924 | €8,924 | = | 0.0% |
| Other liabilities and charges | 164/5 | €8,924 | €8,924 | = | 0.0% |
| Deferred taxes | 168 | €10,263 | €39 | -€10,224 | -99.6% |
| Amounts payable | 17/49 | €1,699,765 | €1,762,747 | +€62,982 | +3.7% |
| Amounts payable after more than one year | 17 | €1,579,798 | €1,615,148 | +€35,350 | +2.2% |
| Other amounts payable | 178/9 | €1,579,798 | €1,615,148 | +€35,350 | +2.2% |
| Amounts payable within one year | 42/48 | €52,342 | €79,219 | +€26,877 | +51.3% |
| Trade debts | 44 | €35,830 | €2,454 | -€33,376 | -93.2% |
| Suppliers | 440/4 | €35,830 | €2,454 | -€33,376 | -93.2% |
| Taxes, remuneration and social security | 45 | €16,392 | €76,631 | +€60,239 | +367% |
| Taxes | 450/3 | €16,392 | €76,631 | +€60,239 | +367% |
| Other amounts payable | 47/48 | €120 | €134 | +€14 | +11.9% |
| Accrued charges and deferred income | 492/3 | €67,625 | €68,380 | +€755 | +1.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€599 | €0 | +€599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,261 | €12,827 | -€21,434 | -62.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €35,250 | €31,904 | -€3,345 | -9.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €234,367 | €682,153 | +€447,786 | +191% |
| Operating profit (loss) | 9901 | €165,455 | €637,422 | +€471,966 | +285% |
| Financial income | 75/76B | €68,796 | €74,673 | +€5,877 | +8.5% |
| Recurring financial income | 75 | €68,796 | €74,673 | +€5,877 | +8.5% |
| Financial charges | 65/66B | €50,849 | €51,306 | +€457 | +0.9% |
| Recurring financial charges | 65 | €50,849 | €51,306 | +€457 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €183,403 | €660,789 | +€477,386 | +260% |
| Transfer from deferred taxes | 780 | €1,354 | €10,224 | +€8,870 | +655% |
| Income taxes | 67/77 | €46,392 | €225,239 | +€178,846 | +386% |
| Profit (loss) for the period | 9904 | €138,365 | €445,774 | +€307,409 | +222% |
| Transfer from tax-exempt reserves | 789 | €5,416 | €40,894 | +€35,479 | +655% |
| Profit (loss) for the period to be appropriated | 9905 | €143,781 | €486,668 | +€342,887 | +238% |
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 22 October 2026 via checked.be.