INFIDIS D. SCHROEDER: 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.
INFIDIS D. SCHROEDER
Largest movements
- Cash -€32,589
down €32,589 (-59.8%), from €54,498 to €21,910
mainly Contributions, distributions and other (-€213,000) and Investment in fixed assets (net) (-€89,326)
- Other debts +€154,686
up €154,686 (+32.6%), from €473,805 to €628,491
- Reserves -€131,000
down €131,000 (-27.3%), from €480,360 to €349,360
- Debts after one year -€57,948
down €57,948 (-17.6%), from €328,801 to €270,853
- Gross operating margin -€20,052
down €20,052 (-7.4%), from €270,413 to €250,361
- Depreciation -€10,344
down €10,344 (-10.3%), from €100,195 to €89,851
- Financial charges -€9,563
down €9,563 (-20.5%), from €46,753 to €37,190
of which Financial charges: -€9,514
- Financial income +€6,725
up €6,725 (+100%), from €6,715 to €13,440
of which Non-recurring financial income: +€6,158
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 | €1,657,163 | €1,634,521 | -€22,642 | -1.4% |
| Formation expenses | 20 | €875 | €612 | -€262 | -30.0% |
| Fixed assets | 21/28 | €1,484,082 | €1,483,820 | -€262 | 0.0% |
| Tangible fixed assets | 22/27 | €1,424,082 | €1,423,820 | -€262 | 0.0% |
| Land and buildings | 22 | €1,139,703 | €1,098,467 | -€41,236 | -3.6% |
| Plant, machinery and equipment | 23 | €222,394 | €283,489 | +€61,095 | +27.5% |
| Furniture and vehicles | 24 | €61,985 | €41,864 | -€20,121 | -32.5% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €172,207 | €150,089 | -€22,118 | -12.8% |
| Amounts receivable within one year | 40/41 | €117,709 | €128,179 | +€10,471 | +8.9% |
| Trade receivables | 40 | €22,188 | €21,340 | -€849 | -3.8% |
| Other amounts receivable | 41 | €95,520 | €106,840 | +€11,320 | +11.9% |
| Cash at bank and in hand | 54/58 | €54,498 | €21,910 | -€32,589 | -59.8% |
| Total equity and liabilities | 10/49 | €1,657,163 | €1,634,521 | -€22,642 | -1.4% |
| Equity | 10/15 | €759,776 | €629,892 | -€129,884 | -17.1% |
| Contributions | 10/11 | €237,400 | €237,400 | = | 0.0% |
| Reserves | 13 | €480,360 | €349,360 | -€131,000 | -27.3% |
| Distributable reserves | 133 | €480,360 | €349,360 | -€131,000 | -27.3% |
| Profit (loss) carried forward | 14 | €42,016 | €43,132 | +€1,116 | +2.7% |
| Amounts payable | 17/49 | €897,387 | €1,004,629 | +€107,242 | +12.0% |
| Amounts payable after more than one year | 17 | €328,801 | €270,853 | -€57,948 | -17.6% |
| Financial debts | 170/4 | €328,801 | €270,853 | -€57,948 | -17.6% |
| Amounts payable within one year | 42/48 | €566,467 | €732,496 | +€166,030 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €68,893 | €65,548 | -€3,344 | -4.9% |
| Trade debts | 44 | €6,849 | €16,826 | +€9,977 | +146% |
| Suppliers | 440/4 | €6,849 | €16,826 | +€9,977 | +146% |
| Taxes, remuneration and social security | 45 | €16,920 | €21,631 | +€4,711 | +27.8% |
| Taxes | 450/3 | €16,920 | €21,631 | +€4,711 | +27.8% |
| Other amounts payable | 47/48 | €473,805 | €628,491 | +€154,686 | +32.6% |
| Accrued charges and deferred income | 492/3 | €2,119 | €1,280 | -€839 | -39.6% |
| Remuneration, social security and pensions | 62 | €968 | €998 | +€31 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,195 | €89,851 | -€10,344 | -10.3% |
| Other operating charges | 640/8 | €10,890 | €11,403 | +€512 | +4.7% |
| Gross operating margin | 9900 | €270,413 | €250,361 | -€20,052 | -7.4% |
| Operating profit (loss) | 9901 | €158,360 | €148,109 | -€10,250 | -6.5% |
| Financial income | 75/76B | €6,715 | €13,440 | +€6,725 | +100% |
| Recurring financial income | 75 | €6,015 | €6,582 | +€566 | +9.4% |
| Non-recurring financial income | 76B | €700 | €6,858 | +€6,158 | +880% |
| Financial charges | 65/66B | €46,753 | €37,190 | -€9,563 | -20.5% |
| Recurring financial charges | 65 | €46,704 | €37,190 | -€9,514 | -20.4% |
| Non-recurring financial charges | 66B | €49 | - | -€49 | |
| Profit (loss) for the period before taxes | 9903 | €118,322 | €124,359 | +€6,037 | +5.1% |
| Income taxes | 67/77 | €38,616 | €41,243 | +€2,627 | +6.8% |
| Profit (loss) for the period | 9904 | €79,706 | €83,116 | +€3,410 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,706 | €83,116 | +€3,410 | +4.3% |
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 20 October 2026 via checked.be.