DR SCHMITZ: 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.
DR SCHMITZ
Largest movements
- Receivables after one year +€35,397
up €35,397 (+7.9%), from €448,805 to €484,203
- Other debts +€68,457
up €68,457 (+218.1%), from €31,384 to €99,841
- Reserves -€45,830
down €45,830 (-22.7%), from €201,493 to €155,663
of which Distributable reserves: -€45,830
- Tax, wage and social debts +€8,574
up €8,574 (+20.4%), from €41,993 to €50,567
- Trade debts -€7,474
down €7,474 (-64.7%), from €11,560 to €4,086
- Short-term financial debts +€6,496
new in 2025: €6,496
- Depreciation -€1,350
down €1,350 (-25.0%), from €5,405 to €4,055
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 | €456,213 | €486,679 | +€30,466 | +6.7% |
| Fixed assets | 21/28 | €4,698 | €2,162 | -€2,536 | -54.0% |
| Tangible fixed assets | 22/27 | €4,673 | €2,137 | -€2,536 | -54.3% |
| Furniture and vehicles | 24 | €4,673 | €2,137 | -€2,536 | -54.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €451,515 | €484,517 | +€33,002 | +7.3% |
| Amounts receivable after more than one year | 29 | €448,805 | €484,203 | +€35,397 | +7.9% |
| Other amounts receivable | 291 | €448,805 | €484,203 | +€35,397 | +7.9% |
| Cash at bank and in hand | 54/58 | €2,710 | - | -€2,710 | |
| Deferred charges and accrued income | 490/1 | - | €315 | +€315 | |
| Total equity and liabilities | 10/49 | €456,213 | €486,679 | +€30,466 | +6.7% |
| Equity | 10/15 | €371,277 | €325,446 | -€45,830 | -12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €201,493 | €155,663 | -€45,830 | -22.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €199,633 | €153,803 | -€45,830 | -23.0% |
| Profit (loss) carried forward | 14 | €157,383 | €157,383 | = | 0.0% |
| Amounts payable | 17/49 | €84,936 | €161,233 | +€76,296 | +89.8% |
| Amounts payable within one year | 42/48 | €84,936 | €160,989 | +€76,053 | +89.5% |
| Financial debts | 43 | - | €6,496 | +€6,496 | |
| Credit institutions | 430/8 | - | €6,496 | +€6,496 | |
| Trade debts | 44 | €11,560 | €4,086 | -€7,474 | -64.7% |
| Suppliers | 440/4 | €11,560 | €4,086 | -€7,474 | -64.7% |
| Taxes, remuneration and social security | 45 | €41,993 | €50,567 | +€8,574 | +20.4% |
| Taxes | 450/3 | €41,993 | €50,567 | +€8,574 | +20.4% |
| Other amounts payable | 47/48 | €31,384 | €99,841 | +€68,457 | +218.1% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,405 | €4,055 | -€1,350 | -25.0% |
| Other operating charges | 640/8 | €1,319 | €1,305 | -€14 | -1.1% |
| Gross operating margin | 9900 | €74,337 | €73,614 | -€723 | -1.0% |
| Operating profit (loss) | 9901 | €67,613 | €68,254 | +€641 | +0.9% |
| Financial income | 75/76B | €10,252 | €10,795 | +€542 | +5.3% |
| Recurring financial income | 75 | €10,252 | €10,795 | +€542 | +5.3% |
| Financial charges | 65/66B | €1,594 | €1,462 | -€132 | -8.3% |
| Recurring financial charges | 65 | €1,594 | €1,462 | -€132 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €76,271 | €77,587 | +€1,315 | +1.7% |
| Income taxes | 67/77 | €23,490 | €23,576 | +€86 | +0.4% |
| Profit (loss) for the period | 9904 | €52,781 | €54,010 | +€1,229 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,781 | €54,010 | +€1,229 | +2.3% |
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 11 October 2026 via checked.be.