JAN SCHÜLLER: 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.
JAN SCHÜLLER
Largest movements
- Cash -€282,361
down €282,361 (-61.4%), from €460,065 to €177,704
mainly Net result for the year (-€154,507) and Investment in fixed assets (net) (-€83,721)
- Intangible fixed assets +€32,132
new in 2025: €32,132
- Receivables within one year +€29,926
up €29,926 (+10,540%), from €284 to €30,210
of which Trade receivables: +€29,893
- Profit (loss) carried forward -€154,507
down €154,507 (-51.1%), from €302,072 to €147,565
- Debts after one year -€61,471
down €61,471 (-13.8%), from €446,718 to €385,247
- Gross operating margin -€202,102
down €202,102, from €122,030 to -€80,073
- Taxes -€13,601
down €13,601 (-93.2%), from €14,592 to €991
- Depreciation +€6,949
up €6,949 (+18.1%), from €38,398 to €45,346
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 | €1,072,572 | €855,979 | -€216,594 | -20.2% |
| Fixed assets | 21/28 | €603,065 | €641,439 | +€38,374 | +6.4% |
| Intangible fixed assets | 21 | - | €32,132 | +€32,132 | |
| Tangible fixed assets | 22/27 | €603,065 | €609,308 | +€6,243 | +1.0% |
| Land and buildings | 22 | €538,431 | €561,181 | +€22,751 | +4.2% |
| Plant, machinery and equipment | 23 | €2,621 | €1,332 | -€1,289 | -49.2% |
| Furniture and vehicles | 24 | €62,013 | €46,794 | -€15,219 | -24.5% |
| Current assets | 29/58 | €469,507 | €214,539 | -€254,968 | -54.3% |
| Amounts receivable within one year | 40/41 | €284 | €30,210 | +€29,926 | +10,540% |
| Trade receivables | 40 | €236 | €30,129 | +€29,893 | +12,674% |
| Other amounts receivable | 41 | €48 | €81 | +€33 | +68.9% |
| Cash at bank and in hand | 54/58 | €460,065 | €177,704 | -€282,361 | -61.4% |
| Deferred charges and accrued income | 490/1 | €9,158 | €6,625 | -€2,533 | -27.7% |
| Total equity and liabilities | 10/49 | €1,072,572 | €855,979 | -€216,594 | -20.2% |
| Equity | 10/15 | €312,150 | €157,644 | -€154,507 | -49.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €3,578 | €3,578 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,578 | €1,578 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,072 | €147,565 | -€154,507 | -51.1% |
| Provisions and deferred taxes | 16 | €220,361 | €222,445 | +€2,083 | +0.9% |
| Provisions for liabilities and charges | 160/5 | €220,361 | €222,445 | +€2,083 | +0.9% |
| Other liabilities and charges | 164/5 | €220,361 | €222,445 | +€2,083 | +0.9% |
| Amounts payable | 17/49 | €540,061 | €475,890 | -€64,170 | -11.9% |
| Amounts payable after more than one year | 17 | €446,718 | €385,247 | -€61,471 | -13.8% |
| Financial debts | 170/4 | €446,718 | €385,247 | -€61,471 | -13.8% |
| Amounts payable within one year | 42/48 | €82,980 | €78,100 | -€4,880 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €60,759 | €61,471 | +€712 | +1.2% |
| Trade debts | 44 | €9,894 | €625 | -€9,269 | -93.7% |
| Suppliers | 440/4 | €9,894 | €625 | -€9,269 | -93.7% |
| Taxes, remuneration and social security | 45 | €7,926 | €2,491 | -€5,435 | -68.6% |
| Taxes | 450/3 | €7,926 | €991 | -€6,935 | -87.5% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Other amounts payable | 47/48 | €4,401 | €13,513 | +€9,112 | +207% |
| Accrued charges and deferred income | 492/3 | €10,362 | €12,543 | +€2,181 | +21.0% |
| Non-recurring operating income | 76A | €993 | €1,107 | +€113 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,398 | €45,346 | +€6,949 | +18.1% |
| Other operating charges | 640/8 | €4,934 | €5,221 | +€287 | +5.8% |
| Non-recurring operating charges | 66A | €1,140 | €1,300 | +€160 | +14.0% |
| Gross operating margin | 9900 | €122,030 | -€80,073 | -€202,102 | |
| Operating profit (loss) | 9901 | €77,559 | -€131,939 | -€209,498 | |
| Financial charges | 65/66B | €22,106 | €21,576 | -€529 | -2.4% |
| Recurring financial charges | 65 | €22,106 | €21,576 | -€529 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €55,454 | -€153,515 | -€208,969 | |
| Income taxes | 67/77 | €14,592 | €991 | -€13,601 | -93.2% |
| Profit (loss) for the period | 9904 | €40,862 | -€154,507 | -€195,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,862 | -€154,507 | -€195,369 |
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 22 October 2026 via checked.be.