GREG DE SCHUTTER INVEST: 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.
GREG DE SCHUTTER INVEST
Largest movements
- Tangible fixed assets -€112,790
down €112,790 (-8.2%), from €1.4m to €1.3m
of which Land and buildings: -€97,853
- Receivables within one year -€72,901
down €72,901 (-43.0%), from €169,544 to €96,643
- Debts after one year -€123,004
down €123,004 (-10.2%), from €1.2m to €1.1m
- Short-term financial debts -€81,000
no longer reported in 2025 (was €81,000)
- Gross operating margin +€5,792
up €5,792 (+3.8%), from €150,656 to €156,448
- Other operating charges +€5,381
up €5,381 (+43.6%), from €12,351 to €17,732
- Financial charges -€3,145
down €3,145 (-10.0%), from €31,312 to €28,167
- Financial income -€2,088
down €2,088 (-50.3%), from €4,151 to €2,063
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 | €1,548,118 | €1,358,807 | -€189,311 | -12.2% |
| Fixed assets | 21/28 | €1,368,695 | €1,255,905 | -€112,790 | -8.2% |
| Tangible fixed assets | 22/27 | €1,368,695 | €1,255,905 | -€112,790 | -8.2% |
| Land and buildings | 22 | €1,271,934 | €1,174,080 | -€97,853 | -7.7% |
| Plant, machinery and equipment | 23 | €96,761 | €81,825 | -€14,937 | -15.4% |
| Current assets | 29/58 | €179,423 | €102,902 | -€76,521 | -42.6% |
| Amounts receivable within one year | 40/41 | €169,544 | €96,643 | -€72,901 | -43.0% |
| Other amounts receivable | 41 | €169,544 | €96,643 | -€72,901 | -43.0% |
| Cash at bank and in hand | 54/58 | €6,809 | €3,103 | -€3,707 | -54.4% |
| Deferred charges and accrued income | 490/1 | €3,069 | €3,156 | +€87 | +2.8% |
| Total equity and liabilities | 10/49 | €1,548,118 | €1,358,807 | -€189,311 | -12.2% |
| Equity | 10/15 | €93,610 | €89,419 | -€4,191 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,484 | €70,819 | -€4,665 | -6.2% |
| Tax-exempt reserves | 132 | €72,478 | €67,550 | -€4,928 | -6.8% |
| Distributable reserves | 133 | €3,006 | €3,269 | +€263 | +8.8% |
| Profit (loss) carried forward | 14 | -€474 | - | +€474 | |
| Provisions and deferred taxes | 16 | €24,159 | €22,517 | -€1,643 | -6.8% |
| Deferred taxes | 168 | €24,159 | €22,517 | -€1,643 | -6.8% |
| Amounts payable | 17/49 | €1,430,348 | €1,246,871 | -€183,477 | -12.8% |
| Amounts payable after more than one year | 17 | €1,211,644 | €1,088,640 | -€123,004 | -10.2% |
| Financial debts | 170/4 | €1,211,644 | €1,088,640 | -€123,004 | -10.2% |
| Amounts payable within one year | 42/48 | €218,704 | €158,231 | -€60,473 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €120,534 | €123,366 | +€2,832 | +2.3% |
| Financial debts | 43 | €81,000 | - | -€81,000 | |
| Other loans | 439 | €81,000 | - | -€81,000 | |
| Trade debts | 44 | €2,264 | €1,226 | -€1,038 | -45.9% |
| Suppliers | 440/4 | €2,264 | €1,226 | -€1,038 | -45.9% |
| Advances received on contracts in progress | 46 | - | €13,800 | +€13,800 | |
| Other amounts payable | 47/48 | €14,907 | €19,840 | +€4,933 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,189 | €118,359 | +€170 | +0.1% |
| Other operating charges | 640/8 | €12,351 | €17,732 | +€5,381 | +43.6% |
| Gross operating margin | 9900 | €150,656 | €156,448 | +€5,792 | +3.8% |
| Operating profit (loss) | 9901 | €20,116 | €20,358 | +€242 | +1.2% |
| Financial income | 75/76B | €4,151 | €2,063 | -€2,088 | -50.3% |
| Recurring financial income | 75 | €4,151 | €2,063 | -€2,088 | -50.3% |
| Financial charges | 65/66B | €31,312 | €28,167 | -€3,145 | -10.0% |
| Recurring financial charges | 65 | €31,312 | €28,167 | -€3,145 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,045 | -€5,746 | +€1,299 | +18.4% |
| Transfer from deferred taxes | 780 | €1,643 | €1,643 | = | 0.0% |
| Income taxes | 67/77 | - | €88 | +€88 | |
| Profit (loss) for the period | 9904 | -€5,402 | -€4,191 | +€1,211 | +22.4% |
| Transfer from tax-exempt reserves | 789 | €4,928 | €4,928 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€474 | €737 | +€1,211 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.