Herman Schueremans: 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.
Herman Schueremans
Largest movements
- Current investments -€1.2m
down €1.2m (-18.1%), from €6.6m to €5.4m
- Cash -€928,596
down €928,596 (-87.2%), from €1.1m to €135,958
mainly Net result for the year (-€2.1m) and Trade debts (-€5,620)
- Profit (loss) carried forward -€2.1m
down €2.1m (-45.6%), from €4.6m to €2.5m
- Gross operating margin -€5.0m
down €5.0m, from €5.0m to -€4,426
From the 2007 result to the 2008 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 2007 and 2008 balance sheets and the 2008 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2007 | 2008 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,629,167 | €5,514,284 | -€2.1m | -27.7% |
| Current assets | 29/58 | €7,629,167 | €5,514,284 | -€2.1m | -27.7% |
| Current investments | 50/53 | €6,564,612 | €5,378,326 | -€1.2m | -18.1% |
| Cash at bank and in hand | 54/58 | €1,064,555 | €135,958 | -€928,596 | -87.2% |
| Total equity and liabilities | 10/49 | €7,629,167 | €5,514,284 | -€2.1m | -27.7% |
| Equity | 10/15 | €4,623,547 | €2,514,284 | -€2.1m | -45.6% |
| Profit (loss) carried forward | 14 | €4,621,547 | €2,512,284 | -€2.1m | -45.6% |
| Provisions and deferred taxes | 16 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,620 | - | -€5,620 | |
| Amounts payable within one year | 42/48 | €5,620 | - | -€5,620 | |
| Trade debts | 44 | €5,620 | - | -€5,620 | |
| Gross operating margin | 9900 | €4,990,774 | -€4,426 | -€5.0m | |
| Operating profit (loss) | 9901 | €4,990,774 | -€17,639 | -€5.0m | |
| Recurring financial income | 75 | €76,961 | €200,623 | +€123,662 | +161% |
| Recurring financial charges | 65 | €446,189 | €2,292,247 | +€1.8m | +414% |
| Profit (loss) for the period before taxes | 9903 | €4,621,547 | -€2,109,262 | -€6.7m | |
| Profit (loss) for the period | 9904 | €4,621,547 | -€2,109,262 | -€6.7m |
Source: filed annual accounts (NBB), financial years ended 31 December 2007 and 31 December 2008. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.