Jurgen Schmidt: 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.
Jurgen Schmidt
Largest movements
- Tangible fixed assets -€12,608
down €12,608 (-43.2%), from €29,209 to €16,601
of which Leasing and similar rights: -€11,775
- Receivables within one year +€2,000
up €2,000 (+13.3%), from €15,007 to €17,007
of which Trade receivables: +€2,000
- Debts after one year -€9,390
down €9,390 (-47.7%), from €19,670 to €10,280
- Other debts -€3,275
down €3,275 (-56.3%), from €5,813 to €2,538
- Reserves +€2,786
up €2,786 (+6.0%), from €46,779 to €49,565
- Gross operating margin -€12,677
down €12,677 (-38.5%), from €32,901 to €20,224
- Taxes -€2,750
down €2,750 (-61.6%), from €4,466 to €1,716
- Other operating charges +€369
up €369 (+23.8%), from €1,549 to €1,918
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 | €117,911 | €106,887 | -€11,024 | -9.3% |
| Fixed assets | 21/28 | €99,289 | €86,681 | -€12,608 | -12.7% |
| Tangible fixed assets | 22/27 | €29,209 | €16,601 | -€12,608 | -43.2% |
| Furniture and vehicles | 24 | €1,275 | €837 | -€438 | -34.4% |
| Leasing and similar rights | 25 | €27,540 | €15,765 | -€11,775 | -42.8% |
| Other tangible fixed assets | 26 | €395 | - | -€395 | |
| Financial fixed assets | 28 | €70,080 | €70,080 | = | 0.0% |
| Current assets | 29/58 | €18,622 | €20,206 | +€1,584 | +8.5% |
| Amounts receivable within one year | 40/41 | €15,007 | €17,007 | +€2,000 | +13.3% |
| Trade receivables | 40 | €15,002 | €17,002 | +€2,000 | +13.3% |
| Other amounts receivable | 41 | €5 | €5 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,287 | €1,477 | -€810 | -35.4% |
| Deferred charges and accrued income | 490/1 | €1,328 | €1,722 | +€393 | +29.6% |
| Total equity and liabilities | 10/49 | €117,911 | €106,887 | -€11,024 | -9.3% |
| Equity | 10/15 | €59,179 | €61,965 | +€2,786 | +4.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €46,779 | €49,565 | +€2,786 | +6.0% |
| Distributable reserves | 133 | €46,779 | €49,565 | +€2,786 | +6.0% |
| Amounts payable | 17/49 | €58,731 | €44,921 | -€13,810 | -23.5% |
| Amounts payable after more than one year | 17 | €19,670 | €10,280 | -€9,390 | -47.7% |
| Financial debts | 170/4 | €19,670 | €10,280 | -€9,390 | -47.7% |
| Amounts payable within one year | 42/48 | €38,821 | €34,511 | -€4,310 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €9,018 | €9,390 | +€372 | +4.1% |
| Trade debts | 44 | €8,860 | €8,233 | -€628 | -7.1% |
| Suppliers | 440/4 | €8,860 | €8,233 | -€628 | -7.1% |
| Taxes, remuneration and social security | 45 | €15,130 | €14,351 | -€779 | -5.2% |
| Taxes | 450/3 | €9,031 | €5,368 | -€3,663 | -40.6% |
| Remuneration and social security | 454/9 | €6,098 | €8,982 | +€2,884 | +47.3% |
| Other amounts payable | 47/48 | €5,813 | €2,538 | -€3,275 | -56.3% |
| Accrued charges and deferred income | 492/3 | €240 | €130 | -€110 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,274 | €12,213 | -€61 | -0.5% |
| Other operating charges | 640/8 | €1,549 | €1,918 | +€369 | +23.8% |
| Non-recurring operating charges | 66A | - | €395 | +€395 | |
| Gross operating margin | 9900 | €32,901 | €20,224 | -€12,677 | -38.5% |
| Operating profit (loss) | 9901 | €19,079 | €5,698 | -€13,381 | -70.1% |
| Financial income | 75/76B | €0 | €15 | +€14 | +7,165% |
| Recurring financial income | 75 | €0 | €15 | +€14 | +7,165% |
| Financial charges | 65/66B | €1,520 | €1,211 | -€309 | -20.3% |
| Recurring financial charges | 65 | €1,520 | €1,211 | -€309 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €17,559 | €4,502 | -€13,057 | -74.4% |
| Income taxes | 67/77 | €4,466 | €1,716 | -€2,750 | -61.6% |
| Profit (loss) for the period | 9904 | €13,093 | €2,786 | -€10,307 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,093 | €2,786 | -€10,307 | -78.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.