IMMO - SCHUMAN: 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.
IMMO - SCHUMAN
Largest movements
- Cash -€2.5m
down €2.5m (-16.9%), from €15.0m to €12.5m
mainly Stocks and contracts (-€1.5m) and Trade debts (-€1.1m)
- Stocks and contracts +€1.5m
up €1.5m (+30.4%), from €4.8m to €6.3m
- Receivables within one year +€393,684
up €393,684 (+32.0%), from €1.2m to €1.6m
of which Trade receivables: +€234,353
- Trade debts -€1.1m
down €1.1m (-98.5%), from €1.1m to €16,577
- Profit (loss) carried forward +€314,551
up €314,551 (+7.5%), from €4.2m to €4.5m
- Gross operating margin -€863,898
down €863,898 (-81.6%), from €1.1m to €195,292
- Taxes -€224,170
down €224,170 (-65.9%), from €340,275 to €116,105
- Other operating charges +€61,770
up €61,770 (+104%), from €59,370 to €121,140
- Financial income +€47,834
up €47,834 (+12.0%), from €397,804 to €445,638
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 | €29,624,902 | €28,909,110 | -€715,792 | -2.4% |
| Fixed assets | 21/28 | €3,381,291 | €3,351,218 | -€30,073 | -0.9% |
| Tangible fixed assets | 22/27 | €2,328,029 | €2,297,956 | -€30,073 | -1.3% |
| Land and buildings | 22 | €2,317,532 | €2,256,868 | -€60,664 | -2.6% |
| Furniture and vehicles | 24 | €10,497 | €41,088 | +€30,591 | +291% |
| Financial fixed assets | 28 | €1,053,262 | €1,053,262 | = | 0.0% |
| Current assets | 29/58 | €26,243,611 | €25,557,892 | -€685,719 | -2.6% |
| Stocks and contracts in progress | 3 | €4,847,567 | €6,319,567 | +€1.5m | +30.4% |
| Stocks | 30/36 | €4,847,567 | €6,319,567 | +€1.5m | +30.4% |
| Amounts receivable within one year | 40/41 | €1,232,165 | €1,625,850 | +€393,684 | +32.0% |
| Trade receivables | 40 | €1,091,397 | €1,325,750 | +€234,353 | +21.5% |
| Other amounts receivable | 41 | €140,769 | €300,100 | +€159,331 | +113% |
| Current investments | 50/53 | €5,145,590 | €5,137,623 | -€7,967 | -0.2% |
| Cash at bank and in hand | 54/58 | €15,015,626 | €12,472,719 | -€2.5m | -16.9% |
| Deferred charges and accrued income | 490/1 | €2,662 | €2,133 | -€529 | -19.9% |
| Total equity and liabilities | 10/49 | €29,624,902 | €28,909,110 | -€715,792 | -2.4% |
| Equity | 10/15 | €28,529,205 | €28,860,312 | +€331,107 | +1.2% |
| Contributions | 10/11 | €24,064,592 | €24,064,592 | = | 0.0% |
| Capital | 10 | €24,064,592 | €24,064,592 | = | 0.0% |
| Issued capital | 100 | €24,064,592 | €24,064,592 | = | 0.0% |
| Reserves | 13 | €271,754 | €288,310 | +€16,556 | +6.1% |
| Non-distributable reserves | 130/1 | €271,754 | €288,310 | +€16,556 | +6.1% |
| Legal reserve | 130 | €271,754 | €288,310 | +€16,556 | +6.1% |
| Profit (loss) carried forward | 14 | €4,192,859 | €4,507,410 | +€314,551 | +7.5% |
| Amounts payable | 17/49 | €1,095,697 | €48,798 | -€1.0m | -95.5% |
| Amounts payable within one year | 42/48 | €1,095,697 | €48,798 | -€1.0m | -95.5% |
| Trade debts | 44 | €1,074,801 | €16,577 | -€1.1m | -98.5% |
| Suppliers | 440/4 | €1,074,801 | €16,577 | -€1.1m | -98.5% |
| Other amounts payable | 47/48 | €20,896 | €32,221 | +€11,325 | +54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,462 | €64,930 | -€6,531 | -9.1% |
| Other operating charges | 640/8 | €59,370 | €121,140 | +€61,770 | +104% |
| Non-recurring operating charges | 66A | - | €5,083 | +€5,083 | |
| Gross operating margin | 9900 | €1,059,189 | €195,292 | -€863,898 | -81.6% |
| Operating profit (loss) | 9901 | €928,358 | €4,139 | -€924,219 | -99.6% |
| Financial income | 75/76B | €397,804 | €445,638 | +€47,834 | +12.0% |
| Recurring financial income | 75 | €397,804 | €445,638 | +€47,834 | +12.0% |
| Financial charges | 65/66B | €1,147 | €2,566 | +€1,418 | +124% |
| Recurring financial charges | 65 | €1,147 | €2,566 | +€1,418 | +124% |
| Profit (loss) for the period before taxes | 9903 | €1,325,015 | €447,212 | -€877,804 | -66.2% |
| Income taxes | 67/77 | €340,275 | €116,105 | -€224,170 | -65.9% |
| Profit (loss) for the period | 9904 | €984,740 | €331,107 | -€653,634 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €984,740 | €331,107 | -€653,634 | -66.4% |
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 18 October 2026 via checked.be.