V. V. en T Schaefer: what changed
V. V. en T Schaefer
Largest movements
- Cash -€105,756
down €105,756 (-71.3%), from €148,360 to €42,604
mainly Receivables within one year (-€86,169) and Tax, wage and social debts (-€14,584)
- Receivables within one year +€86,169
up €86,169 (+382%), from €22,562 to €108,732
of which Other amounts receivable: +€77,295
- Tangible fixed assets -€2,841
down €2,841 (-16.0%), from €17,766 to €14,925
of which Land and buildings: -€2,121
- Tax, wage and social debts -€14,584
down €14,584 (-97.7%), from €14,920 to €336
- Other debts -€4,907
down €4,907 (-100%), from €4,907 to €0
- Trade debts -€3,800
down €3,800 (-30.7%), from €12,359 to €8,559
- Gross operating margin -€3,904
down €3,904 (-31.0%), from €12,586 to €8,682
- Financial income +€2,001
up €2,001 (+10,448%), from €19 to €2,020
- Depreciation -€1,423
down €1,423 (-33.4%), from €4,264 to €2,841
- Taxes -€1,050
down €1,050 (-37.9%), from €2,775 to €1,725
- Other operating charges +€791
up €791 (+53.3%), from €1,483 to €2,275
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,137 | €167,466 | -€22,671 | -11.9% |
| Fixed assets | 21/28 | €17,766 | €14,925 | -€2,841 | -16.0% |
| Tangible fixed assets | 22/27 | €17,766 | €14,925 | -€2,841 | -16.0% |
| Land and buildings | 22 | €12,453 | €10,331 | -€2,121 | -17.0% |
| Plant, machinery and equipment | 23 | €3,658 | €3,658 | = | 0.0% |
| Furniture and vehicles | 24 | €1,145 | €681 | -€464 | -40.5% |
| Other tangible fixed assets | 26 | €510 | €254 | -€255 | -50.1% |
| Current assets | 29/58 | €172,372 | €152,541 | -€19,830 | -11.5% |
| Stocks and contracts in progress | 3 | €1,380 | €1,035 | -€345 | -25.0% |
| Stocks | 30/36 | €1,380 | €1,035 | -€345 | -25.0% |
| Amounts receivable within one year | 40/41 | €22,562 | €108,732 | +€86,169 | +382% |
| Trade receivables | 40 | €18,373 | €27,248 | +€8,874 | +48.3% |
| Other amounts receivable | 41 | €4,189 | €81,484 | +€77,295 | +1,845% |
| Cash at bank and in hand | 54/58 | €148,360 | €42,604 | -€105,756 | -71.3% |
| Deferred charges and accrued income | 490/1 | €70 | €171 | +€101 | +145% |
| Total equity and liabilities | 10/49 | €190,137 | €167,466 | -€22,671 | -11.9% |
| Equity | 10/15 | €157,527 | €158,572 | +€1,046 | +0.7% |
| Contributions | 10/11 | €59,500 | €59,500 | = | 0.0% |
| Reserves | 13 | €98,027 | €99,072 | +€1,046 | +1.1% |
| Non-distributable reserves | 130/1 | €2,033 | €2,033 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,033 | €2,033 | = | 0.0% |
| Distributable reserves | 133 | €95,993 | €97,039 | +€1,046 | +1.1% |
| Amounts payable | 17/49 | €32,611 | €8,894 | -€23,717 | -72.7% |
| Amounts payable within one year | 42/48 | €32,611 | €8,894 | -€23,717 | -72.7% |
| Current portion of amounts payable after more than one year | 42 | €426 | €0 | -€426 | -100% |
| Trade debts | 44 | €12,359 | €8,559 | -€3,800 | -30.7% |
| Suppliers | 440/4 | €12,359 | €8,559 | -€3,800 | -30.7% |
| Taxes, remuneration and social security | 45 | €14,920 | €336 | -€14,584 | -97.7% |
| Taxes | 450/3 | €14,920 | €336 | -€14,584 | -97.7% |
| Other amounts payable | 47/48 | €4,907 | €0 | -€4,907 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,264 | €2,841 | -€1,423 | -33.4% |
| Other operating charges | 640/8 | €1,483 | €2,275 | +€791 | +53.3% |
| Gross operating margin | 9900 | €12,586 | €8,682 | -€3,904 | -31.0% |
| Operating profit (loss) | 9901 | €6,838 | €3,566 | -€3,272 | -47.8% |
| Financial income | 75/76B | €19 | €2,020 | +€2,001 | +10,448% |
| Recurring financial income | 75 | €19 | €2,020 | +€2,001 | +10,448% |
| Financial charges | 65/66B | €2,874 | €2,816 | -€58 | -2.0% |
| Recurring financial charges | 65 | €2,874 | €2,816 | -€58 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €3,984 | €2,770 | -€1,213 | -30.5% |
| Income taxes | 67/77 | €2,775 | €1,725 | -€1,050 | -37.9% |
| Profit (loss) for the period | 9904 | €1,208 | €1,046 | -€163 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,208 | €1,046 | -€163 | -13.5% |
Next steps
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.