D'OUDE SCHUUR: 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.
D'OUDE SCHUUR
Largest movements
- Stocks and contracts +€116,267
up €116,267 (+18.2%), from €638,199 to €754,466
- Tangible fixed assets -€26,300
down €26,300 (-6.1%), from €427,957 to €401,657
of which Other tangible fixed assets: -€22,378
- Cash +€25,316
up €25,316 (+71.4%), from €35,454 to €60,769
mainly Net result for the year (+€159,354) and Depreciation (+€34,829)
- Reserves +€80,000
up €80,000 (+37.4%), from €213,791 to €293,791
of which Distributable reserves: +€80,000
- Profit (loss) carried forward +€77,104
up €77,104 (+26.3%), from €293,344 to €370,449
- Other debts -€31,229
down €31,229 (-63.6%), from €49,073 to €17,844
- Debts after one year -€30,923
down €30,923 (-8.3%), from €372,399 to €341,475
- Tax, wage and social debts +€28,780
up €28,780 (+72.3%), from €39,826 to €68,607
of which Taxes: +€27,270
- Financial income +€28,542
up €28,542 (+2,038%), from €1,401 to €29,942
of which Non-recurring financial income: +€29,392
- Staff costs -€27,177
down €27,177 (-16.7%), from €162,962 to €135,786
- Taxes +€20,777
up €20,777 (+71.2%), from €29,188 to €49,966
- Gross operating margin +€16,242
up €16,242 (+4.5%), from €357,976 to €374,219
- Depreciation -€10,693
down €10,693 (-23.5%), from €45,522 to €34,829
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,138,102 | €1,244,411 | +€106,309 | +9.3% |
| Fixed assets | 21/28 | €427,957 | €401,657 | -€26,300 | -6.1% |
| Tangible fixed assets | 22/27 | €427,957 | €401,657 | -€26,300 | -6.1% |
| Land and buildings | 22 | €200,000 | €200,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €24,482 | €22,342 | -€2,140 | -8.7% |
| Furniture and vehicles | 24 | €9,503 | €8,824 | -€679 | -7.1% |
| Leasing and similar rights | 25 | €2,415 | €1,312 | -€1,103 | -45.7% |
| Other tangible fixed assets | 26 | €191,556 | €169,179 | -€22,378 | -11.7% |
| Current assets | 29/58 | €710,145 | €842,754 | +€132,609 | +18.7% |
| Stocks and contracts in progress | 3 | €638,199 | €754,466 | +€116,267 | +18.2% |
| Stocks | 30/36 | €638,199 | €754,466 | +€116,267 | +18.2% |
| Amounts receivable within one year | 40/41 | €25,072 | €12,715 | -€12,357 | -49.3% |
| Trade receivables | 40 | €23,790 | €7,842 | -€15,949 | -67.0% |
| Other amounts receivable | 41 | €1,281 | €4,873 | +€3,592 | +280% |
| Cash at bank and in hand | 54/58 | €35,454 | €60,769 | +€25,316 | +71.4% |
| Deferred charges and accrued income | 490/1 | €11,421 | €14,804 | +€3,383 | +29.6% |
| Total equity and liabilities | 10/49 | €1,138,102 | €1,244,411 | +€106,309 | +9.3% |
| Equity | 10/15 | €525,735 | €682,840 | +€157,104 | +29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €213,791 | €293,791 | +€80,000 | +37.4% |
| Tax-exempt reserves | 132 | €22,931 | €22,931 | = | 0.0% |
| Distributable reserves | 133 | €190,860 | €270,860 | +€80,000 | +41.9% |
| Profit (loss) carried forward | 14 | €293,344 | €370,449 | +€77,104 | +26.3% |
| Amounts payable | 17/49 | €612,367 | €561,571 | -€50,795 | -8.3% |
| Amounts payable after more than one year | 17 | €372,399 | €341,475 | -€30,923 | -8.3% |
| Financial debts | 170/4 | €372,399 | €341,475 | -€30,923 | -8.3% |
| Amounts payable within one year | 42/48 | €234,876 | €217,126 | -€17,750 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €31,542 | €30,678 | -€865 | -2.7% |
| Financial debts | 43 | €11,667 | €2,586 | -€9,081 | -77.8% |
| Credit institutions | 430/8 | €11,667 | €2,586 | -€9,081 | -77.8% |
| Trade debts | 44 | €101,073 | €80,294 | -€20,779 | -20.6% |
| Suppliers | 440/4 | €101,073 | €80,294 | -€20,779 | -20.6% |
| Advances received on contracts in progress | 46 | €1,695 | €17,118 | +€15,423 | +910% |
| Taxes, remuneration and social security | 45 | €39,826 | €68,607 | +€28,780 | +72.3% |
| Taxes | 450/3 | €25,637 | €52,907 | +€27,270 | +106% |
| Remuneration and social security | 454/9 | €14,189 | €15,699 | +€1,510 | +10.6% |
| Other amounts payable | 47/48 | €49,073 | €17,844 | -€31,229 | -63.6% |
| Accrued charges and deferred income | 492/3 | €5,092 | €2,970 | -€2,122 | -41.7% |
| Non-recurring operating income | 76A | €4,722 | €51,365 | +€46,643 | +988% |
| Remuneration, social security and pensions | 62 | €162,962 | €135,786 | -€27,177 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,522 | €34,829 | -€10,693 | -23.5% |
| Other operating charges | 640/8 | €9,909 | €3,740 | -€6,168 | -62.3% |
| Gross operating margin | 9900 | €357,976 | €374,219 | +€16,242 | +4.5% |
| Operating profit (loss) | 9901 | €139,584 | €199,863 | +€60,280 | +43.2% |
| Financial income | 75/76B | €1,401 | €29,942 | +€28,542 | +2,038% |
| Recurring financial income | 75 | €1,401 | €550 | -€851 | -60.7% |
| Non-recurring financial income | 76B | - | €29,392 | +€29,392 | |
| Financial charges | 65/66B | €22,937 | €20,486 | -€2,451 | -10.7% |
| Recurring financial charges | 65 | €22,937 | €20,486 | -€2,451 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €118,047 | €209,320 | +€91,273 | +77.3% |
| Income taxes | 67/77 | €29,188 | €49,966 | +€20,777 | +71.2% |
| Profit (loss) for the period | 9904 | €88,859 | €159,354 | +€70,495 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,859 | €159,354 | +€70,495 | +79.3% |
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 31 October 2026 via checked.be.