DE SCHUTTER FRANK: 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.
DE SCHUTTER FRANK
Largest movements
- Cash -€11,352
down €11,352 (-22.2%), from €51,245 to €39,893
mainly Net result for the year (-€11,137) and Debts after one year (-€4,896)
- Tangible fixed assets -€7,830
down €7,830 (-29.0%), from €27,018 to €19,188
- Receivables within one year +€3,554
up €3,554, from €0 to €3,554
of which Trade receivables: +€3,554
- Profit (loss) carried forward -€11,137
down €11,137 (-79.8%), from €13,961 to €2,825
- Debts after one year -€4,896
down €4,896 (-38.7%), from €12,651 to €7,754
- Gross operating margin -€11,556
down €11,556, from €8,736 to -€2,820
- Taxes -€471
down €471 (-77.0%), from €612 to €141
- Other operating charges -€423
down €423 (-33.9%), from €1,247 to €824
- Financial charges -€207
down €207 (-20.6%), from €1,006 to €799
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 | €128,263 | €112,635 | -€15,628 | -12.2% |
| Fixed assets | 21/28 | €27,018 | €19,188 | -€7,830 | -29.0% |
| Tangible fixed assets | 22/27 | €27,018 | €19,188 | -€7,830 | -29.0% |
| Furniture and vehicles | 24 | €27,018 | €19,188 | -€7,830 | -29.0% |
| Current assets | 29/58 | €101,245 | €93,447 | -€7,798 | -7.7% |
| Amounts receivable within one year | 40/41 | €0 | €3,554 | +€3,554 | |
| Trade receivables | 40 | €0 | €3,554 | +€3,554 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,245 | €39,893 | -€11,352 | -22.2% |
| Total equity and liabilities | 10/49 | €128,263 | €112,635 | -€15,628 | -12.2% |
| Equity | 10/15 | €44,020 | €32,883 | -€11,137 | -25.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,458 | €11,458 | = | 0.0% |
| Distributable reserves | 133 | €11,458 | €11,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,961 | €2,825 | -€11,137 | -79.8% |
| Provisions and deferred taxes | 16 | €60,884 | €60,884 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €60,884 | €60,884 | = | 0.0% |
| Pensions and similar obligations | 160 | €60,884 | €60,884 | = | 0.0% |
| Amounts payable | 17/49 | €23,359 | €18,868 | -€4,492 | -19.2% |
| Amounts payable after more than one year | 17 | €12,651 | €7,754 | -€4,896 | -38.7% |
| Financial debts | 170/4 | €12,651 | €7,754 | -€4,896 | -38.7% |
| Amounts payable within one year | 42/48 | €10,709 | €11,113 | +€405 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €4,688 | €4,896 | +€208 | +4.4% |
| Taxes, remuneration and social security | 45 | €4,184 | €3,192 | -€993 | -23.7% |
| Taxes | 450/3 | €4,184 | €3,192 | -€993 | -23.7% |
| Other amounts payable | 47/48 | €1,836 | €3,026 | +€1,189 | +64.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,830 | €7,830 | = | 0.0% |
| Other operating charges | 640/8 | €1,247 | €824 | -€423 | -33.9% |
| Gross operating margin | 9900 | €8,736 | -€2,820 | -€11,556 | |
| Operating profit (loss) | 9901 | -€341 | -€11,474 | -€11,133 | -3,261% |
| Financial income | 75/76B | €1,277 | €1,277 | +€0 | 0.0% |
| Recurring financial income | 75 | €1,277 | €1,277 | +€0 | 0.0% |
| Financial charges | 65/66B | €1,006 | €799 | -€207 | -20.6% |
| Recurring financial charges | 65 | €1,006 | €799 | -€207 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€70 | -€10,996 | -€10,926 | -15,622% |
| Income taxes | 67/77 | €612 | €141 | -€471 | -77.0% |
| Profit (loss) for the period | 9904 | -€682 | -€11,137 | -€10,455 | -1,533% |
| Profit (loss) for the period to be appropriated | 9905 | -€682 | -€11,137 | -€10,455 | -1,533% |
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 25 October 2026 via checked.be.