Fred Schmidt Benelux: 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.
Fred Schmidt Benelux
Largest movements
- Cash +€187,604
up €187,604 (+159%), from €118,162 to €305,766
mainly Net result for the year (+€142,147) and Trade debts (+€22,199)
- Receivables within one year -€17,314
down €17,314 (-30.2%), from €57,275 to €39,961
of which Trade receivables: -€10,385
- Tangible fixed assets -€4,661
down €4,661 (-28.3%), from €16,466 to €11,805
of which Furniture and vehicles: -€3,864
- Reserves +€113,576
up €113,576 (+78.3%), from €145,042 to €258,618
- Trade debts +€22,199
up €22,199 (+485%), from €4,580 to €26,779
- Other debts +€20,000
up €20,000, from €0 to €20,000
- Tax, wage and social debts +€12,570
up €12,570 (+41.7%), from €30,112 to €42,682
of which Remuneration and social security: +€12,570
- Gross operating margin -€27,457
down €27,457 (-4.9%), from €561,943 to €534,487
- Staff costs -€20,727
down €20,727 (-6.0%), from €344,995 to €324,269
- Taxes +€12,233
up €12,233 (+28.2%), from €43,412 to €55,645
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 | €199,734 | €368,079 | +€168,345 | +84.3% |
| Fixed assets | 21/28 | €16,466 | €11,805 | -€4,661 | -28.3% |
| Tangible fixed assets | 22/27 | €16,466 | €11,805 | -€4,661 | -28.3% |
| Land and buildings | 22 | €1,178 | €381 | -€797 | -67.7% |
| Furniture and vehicles | 24 | €15,288 | €11,424 | -€3,864 | -25.3% |
| Current assets | 29/58 | €183,268 | €356,274 | +€173,006 | +94.4% |
| Amounts receivable within one year | 40/41 | €57,275 | €39,961 | -€17,314 | -30.2% |
| Trade receivables | 40 | €28,420 | €18,035 | -€10,385 | -36.5% |
| Other amounts receivable | 41 | €28,855 | €21,926 | -€6,929 | -24.0% |
| Cash at bank and in hand | 54/58 | €118,162 | €305,766 | +€187,604 | +159% |
| Deferred charges and accrued income | 490/1 | €7,831 | €10,547 | +€2,716 | +34.7% |
| Total equity and liabilities | 10/49 | €199,734 | €368,079 | +€168,345 | +84.3% |
| Equity | 10/15 | €165,042 | €278,618 | +€113,576 | +68.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €145,042 | €258,618 | +€113,576 | +78.3% |
| Distributable reserves | 133 | €145,042 | €258,618 | +€113,576 | +78.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,692 | €89,461 | +€54,769 | +158% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,692 | €89,461 | +€54,769 | +158% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,580 | €26,779 | +€22,199 | +485% |
| Suppliers | 440/4 | €4,580 | €26,779 | +€22,199 | +485% |
| Taxes, remuneration and social security | 45 | €30,112 | €42,682 | +€12,570 | +41.7% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €30,112 | €42,682 | +€12,570 | +41.7% |
| Other amounts payable | 47/48 | €0 | €20,000 | +€20,000 | |
| Non-recurring operating income | 76A | €9,224 | €0 | -€9,224 | -100% |
| Remuneration, social security and pensions | 62 | €344,995 | €324,269 | -€20,727 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,263 | €8,139 | +€3,877 | +90.9% |
| Other operating charges | 640/8 | €1,436 | €1,296 | -€140 | -9.8% |
| Gross operating margin | 9900 | €561,943 | €534,487 | -€27,457 | -4.9% |
| Operating profit (loss) | 9901 | €211,249 | €200,783 | -€10,466 | -5.0% |
| Financial income | 75/76B | €21 | €52 | +€31 | +145% |
| Recurring financial income | 75 | €21 | €52 | +€31 | +145% |
| Financial charges | 65/66B | €856 | €3,043 | +€2,186 | +255% |
| Recurring financial charges | 65 | €856 | €3,043 | +€2,186 | +255% |
| Profit (loss) for the period before taxes | 9903 | €210,414 | €197,793 | -€12,621 | -6.0% |
| Income taxes | 67/77 | €43,412 | €55,645 | +€12,233 | +28.2% |
| Profit (loss) for the period | 9904 | €167,002 | €142,147 | -€24,855 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €167,002 | €142,147 | -€24,855 | -14.9% |
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 22 October 2026 via checked.be.