Sjarels en Co: what changed
What changed
Sjarels en Co
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€7,643
2024 · €9,856-€17,498
Equity
€237,213
2024 · €244,856-€7,643
Cash
€7,828
2024 · €2,947+€4,881
Balance sheet total
€1.4m
2024 · €1.4m+€50,672
Largest movements
Assets
- Tangible fixed assets +€43,146
up €43,146 (+3.2%), from €1.3m to €1.4m
of which Land and buildings: +€41,328
- Receivables within one year +€17,621
up €17,621 (+509%), from €3,464 to €21,086
of which Trade receivables: +€19,459
- Deferred charges and accrued income -€14,976
down €14,976 (-93.6%), from €16,000 to €1,024
Equity and liabilities
- Trade debts +€32,352
new in 2025: €32,352
- Other debts +€19,006
new in 2025: €19,006
Income statement
- Gross operating margin +€29,937
up €29,937 (+89.1%), from €33,602 to €63,539
- Depreciation +€26,308
up €26,308 (+278%), from €9,480 to €35,788
- Financial charges +€23,109
up €23,109 (+285%), from €8,094 to €31,203
- Taxes -€3,167
no longer reported in 2025 (was €3,167)
- Other operating charges +€1,609
up €1,609 (+53.5%), from €3,005 to €4,614
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€9,856
Gross operating margin
+€29,937
Depreciation
-€26,308
Other operating charges
-€1,609
Financial income
+€423
Financial charges
-€23,109
Taxes
+€3,167
Result 2025
-€7,643
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,790
Investment
-€78,934
Financing
+€10,026
Cash 2024
€2,947
From operations (derived)
+€73,790
Net result for the year
-€7,643
Depreciation
+€35,788
Receivables within one year
-€17,621
Deferred charges and accrued income
+€14,976
Trade debts
+€32,352
Tax, wage and social debts
-€3,167
Other debts
+€19,006
Accrued charges and deferred income
+€99
Investment (derived)
-€78,934
Investment in fixed assets (net)
-€78,934
Financing
+€10,026
Debts after one year
+€4,287
Current portion of long-term debt
+€5,738
Cash 2025
€7,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,354,072 | €1,404,744 | +€50,672 | +3.7% |
| Fixed assets | 21/28 | €1,331,661 | €1,374,807 | +€43,146 | +3.2% |
| Tangible fixed assets | 22/27 | €1,331,661 | €1,374,807 | +€43,146 | +3.2% |
| Land and buildings | 22 | €1,331,661 | €1,372,989 | +€41,328 | +3.1% |
| Furniture and vehicles | 24 | - | €1,818 | +€1,818 | |
| Current assets | 29/58 | €22,411 | €29,937 | +€7,526 | +33.6% |
| Amounts receivable within one year | 40/41 | €3,464 | €21,086 | +€17,621 | +509% |
| Trade receivables | 40 | €541 | €20,000 | +€19,459 | +3,598% |
| Other amounts receivable | 41 | €2,924 | €1,086 | -€1,838 | -62.9% |
| Cash at bank and in hand | 54/58 | €2,947 | €7,828 | +€4,881 | +166% |
| Deferred charges and accrued income | 490/1 | €16,000 | €1,024 | -€14,976 | -93.6% |
| Total equity and liabilities | 10/49 | €1,354,072 | €1,404,744 | +€50,672 | +3.7% |
| Equity | 10/15 | €244,856 | €237,213 | -€7,643 | -3.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | €223,422 | €218,650 | -€4,773 | -2.1% |
| Reserves | 13 | €11,433 | €8,563 | -€2,870 | -25.1% |
| Distributable reserves | 133 | €11,433 | €8,563 | -€2,870 | -25.1% |
| Amounts payable | 17/49 | €1,109,216 | €1,167,531 | +€58,315 | +5.3% |
| Amounts payable after more than one year | 17 | €1,054,055 | €1,058,342 | +€4,287 | +0.4% |
| Financial debts | 170/4 | €875,055 | €876,904 | +€1,849 | +0.2% |
| Other amounts payable | 178/9 | €179,000 | €181,438 | +€2,438 | +1.4% |
| Amounts payable within one year | 42/48 | €55,162 | €109,091 | +€53,929 | +97.8% |
| Current portion of amounts payable after more than one year | 42 | €51,994 | €57,733 | +€5,738 | +11.0% |
| Trade debts | 44 | - | €32,352 | +€32,352 | |
| Suppliers | 440/4 | - | €32,352 | +€32,352 | |
| Taxes, remuneration and social security | 45 | €3,167 | - | -€3,167 | |
| Taxes | 450/3 | €3,167 | - | -€3,167 | |
| Other amounts payable | 47/48 | - | €19,006 | +€19,006 | |
| Accrued charges and deferred income | 492/3 | - | €99 | +€99 | |
| Non-recurring operating income | 76A | €33,000 | - | -€33,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,480 | €35,788 | +€26,308 | +278% |
| Other operating charges | 640/8 | €3,005 | €4,614 | +€1,609 | +53.5% |
| Gross operating margin | 9900 | €33,602 | €63,539 | +€29,937 | +89.1% |
| Operating profit (loss) | 9901 | €21,117 | €23,137 | +€2,020 | +9.6% |
| Financial income | 75/76B | - | €423 | +€423 | |
| Recurring financial income | 75 | - | €423 | +€423 | |
| Financial charges | 65/66B | €8,094 | €31,203 | +€23,109 | +285% |
| Recurring financial charges | 65 | €8,094 | €31,203 | +€23,109 | +285% |
| Profit (loss) for the period before taxes | 9903 | €13,023 | -€7,643 | -€20,666 | |
| Income taxes | 67/77 | €3,167 | - | -€3,167 | |
| Profit (loss) for the period | 9904 | €9,856 | -€7,643 | -€17,498 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,856 | -€7,643 | -€17,498 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.