GUT SCHWARZENBACH: what changed
GUT SCHWARZENBACH
Largest movements
- Tangible fixed assets -€42,958
down €42,958 (-15.5%), from €276,579 to €233,621
of which Leasing and similar rights: -€36,267
- Receivables within one year +€37,600
up €37,600 (+41.5%), from €90,628 to €128,228
- Cash -€28,013
down €28,013 (-81.5%), from €34,383 to €6,370
mainly Receivables within one year (-€37,600) and Debts after one year (-€37,052)
- Debts after one year -€37,052
down €37,052 (-13.1%), from €283,908 to €246,856
- Tax, wage and social debts -€17,429
down €17,429 (-79.2%), from €22,000 to €4,572
- Profit (loss) carried forward +€12,988
up €12,988, from -€10,949 to €2,039
- Other debts +€8,220
up €8,220 (+12.4%), from €66,369 to €74,589
- Gross operating margin -€68,213
down €68,213 (-47.0%), from €145,212 to €76,999
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €423,028 | €385,698 | -€37,330 | -8.8% |
| Fixed assets | 21/28 | €298,017 | €251,099 | -€46,918 | -15.7% |
| Intangible fixed assets | 21 | €21,438 | €17,478 | -€3,960 | -18.5% |
| Tangible fixed assets | 22/27 | €276,579 | €233,621 | -€42,958 | -15.5% |
| Plant, machinery and equipment | 23 | €31,853 | €25,162 | -€6,692 | -21.0% |
| Leasing and similar rights | 25 | €244,725 | €208,459 | -€36,267 | -14.8% |
| Current assets | 29/58 | €125,011 | €134,599 | +€9,588 | +7.7% |
| Amounts receivable within one year | 40/41 | €90,628 | €128,228 | +€37,600 | +41.5% |
| Trade receivables | 40 | €90,628 | €128,228 | +€37,600 | +41.5% |
| Cash at bank and in hand | 54/58 | €34,383 | €6,370 | -€28,013 | -81.5% |
| Total equity and liabilities | 10/49 | €423,028 | €385,698 | -€37,330 | -8.8% |
| Equity | 10/15 | €9,511 | €22,499 | +€12,988 | +137% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,949 | €2,039 | +€12,988 | |
| Amounts payable | 17/49 | €413,517 | €363,199 | -€50,318 | -12.2% |
| Amounts payable after more than one year | 17 | €283,908 | €246,856 | -€37,052 | -13.1% |
| Financial debts | 170/4 | €283,908 | €246,856 | -€37,052 | -13.1% |
| Amounts payable within one year | 42/48 | €129,609 | €116,343 | -€13,266 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €39,080 | €37,052 | -€2,028 | -5.2% |
| Trade debts | 44 | €2,160 | €130 | -€2,030 | -94.0% |
| Suppliers | 440/4 | €2,160 | €130 | -€2,030 | -94.0% |
| Taxes, remuneration and social security | 45 | €22,000 | €4,572 | -€17,429 | -79.2% |
| Taxes | 450/3 | €22,000 | €4,572 | -€17,429 | -79.2% |
| Other amounts payable | 47/48 | €66,369 | €74,589 | +€8,220 | +12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,459 | €52,421 | -€38 | -0.1% |
| Other operating charges | 640/8 | €1,756 | €1,708 | -€48 | -2.7% |
| Gross operating margin | 9900 | €145,212 | €76,999 | -€68,213 | -47.0% |
| Operating profit (loss) | 9901 | €90,998 | €22,870 | -€68,128 | -74.9% |
| Financial charges | 65/66B | €10,882 | €9,882 | -€1,000 | -9.2% |
| Recurring financial charges | 65 | €10,882 | €9,882 | -€1,000 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €80,115 | €12,988 | -€67,128 | -83.8% |
| Profit (loss) for the period | 9904 | €80,115 | €12,988 | -€67,128 | -83.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,115 | €12,988 | -€67,128 | -83.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.