DE SCHUTTER: 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.
DE SCHUTTER
Largest movements
- Receivables within one year -€16,230
down €16,230 (-70.8%), from €22,939 to €6,709
of which Trade receivables: -€15,213
- Tangible fixed assets +€11,408
up €11,408 (+88.0%), from €12,961 to €24,368
of which Furniture and vehicles: +€12,436
- Trade debts +€7,175
up €7,175 (+450.6%), from €1,592 to €8,768
- Other debts -€6,983
down €6,983 (-66.0%), from €10,577 to €3,594
- Tax, wage and social debts -€2,641
down €2,641 (-19.3%), from €13,686 to €11,045
of which Taxes: -€1,819
- Short-term financial debts -€2,620
down €2,620 (-79.7%), from €3,286 to €667
of which Other loans: -€3,286
- Gross operating margin -€8,455
down €8,455 (-9.9%), from €85,150 to €76,694
- Depreciation +€2,682
up €2,682 (+72.8%), from €3,683 to €6,365
- Financial charges +€2,342
up €2,342 (+122.2%), from €1,916 to €4,257
- Taxes -€1,675
down €1,675 (-43.6%), from €3,843 to €2,168
- Staff costs +€1,084
up €1,084 (+1.8%), from €61,693 to €62,778
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.
Cash bridge derived
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 | €55,681 | €51,161 | -€4,520 | -8.1% |
| Fixed assets | 21/28 | €12,961 | €24,368 | +€11,408 | +88.0% |
| Tangible fixed assets | 22/27 | €12,961 | €24,368 | +€11,408 | +88.0% |
| Plant, machinery and equipment | 23 | €8,054 | €7,026 | -€1,028 | -12.8% |
| Furniture and vehicles | 24 | €4,906 | €17,342 | +€12,436 | +253.5% |
| Current assets | 29/58 | €42,721 | €26,793 | -€15,928 | -37.3% |
| Stocks and contracts in progress | 3 | €6,436 | €6,538 | +€101 | +1.6% |
| Stocks | 30/36 | €6,436 | €6,538 | +€101 | +1.6% |
| Amounts receivable within one year | 40/41 | €22,939 | €6,709 | -€16,230 | -70.8% |
| Trade receivables | 40 | €21,022 | €5,810 | -€15,213 | -72.4% |
| Other amounts receivable | 41 | €1,917 | €900 | -€1,017 | -53.1% |
| Cash at bank and in hand | 54/58 | €9,150 | €8,907 | -€243 | -2.7% |
| Deferred charges and accrued income | 490/1 | €4,195 | €4,639 | +€444 | +10.6% |
| Total equity and liabilities | 10/49 | €55,681 | €51,161 | -€4,520 | -8.1% |
| Equity | 10/15 | €26,119 | €26,119 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,919 | €19,919 | = | 0.0% |
| Distributable reserves | 133 | €19,919 | €19,919 | = | 0.0% |
| Amounts payable | 17/49 | €29,562 | €25,042 | -€4,520 | -15.3% |
| Amounts payable within one year | 42/48 | €29,142 | €24,074 | -€5,068 | -17.4% |
| Financial debts | 43 | €3,286 | €667 | -€2,620 | -79.7% |
| Credit institutions | 430/8 | - | €667 | +€667 | |
| Other loans | 439 | €3,286 | - | -€3,286 | |
| Trade debts | 44 | €1,592 | €8,768 | +€7,175 | +450.6% |
| Suppliers | 440/4 | €1,592 | €8,768 | +€7,175 | +450.6% |
| Taxes, remuneration and social security | 45 | €13,686 | €11,045 | -€2,641 | -19.3% |
| Taxes | 450/3 | €5,169 | €3,350 | -€1,819 | -35.2% |
| Remuneration and social security | 454/9 | €8,517 | €7,695 | -€822 | -9.7% |
| Other amounts payable | 47/48 | €10,577 | €3,594 | -€6,983 | -66.0% |
| Accrued charges and deferred income | 492/3 | €420 | €968 | +€548 | +130.4% |
| Remuneration, social security and pensions | 62 | €61,693 | €62,778 | +€1,084 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,683 | €6,365 | +€2,682 | +72.8% |
| Other operating charges | 640/8 | €618 | €691 | +€73 | +11.8% |
| Gross operating margin | 9900 | €85,150 | €76,694 | -€8,455 | -9.9% |
| Operating profit (loss) | 9901 | €19,155 | €6,861 | -€12,295 | -64.2% |
| Financial income | 75/76B | €54 | €82 | +€28 | +51.9% |
| Recurring financial income | 75 | €54 | €82 | +€28 | +51.9% |
| Financial charges | 65/66B | €1,916 | €4,257 | +€2,342 | +122.2% |
| Recurring financial charges | 65 | €1,916 | €4,257 | +€2,342 | +122.2% |
| Profit (loss) for the period before taxes | 9903 | €17,293 | €2,685 | -€14,608 | -84.5% |
| Income taxes | 67/77 | €3,843 | €2,168 | -€1,675 | -43.6% |
| Profit (loss) for the period | 9904 | €13,451 | €517 | -€12,934 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,451 | €517 | -€12,934 | -96.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.