PY SCHMETZ: what changed
PY SCHMETZ
Largest movements
- Stocks and contracts -€19,150
down €19,150 (-85.7%), from €22,350 to €3,200
of which Contracts in progress: -€20,000
- Tangible fixed assets -€19,076
down €19,076 (-29.8%), from €63,957 to €44,880
of which Furniture and vehicles: -€12,048
- Cash +€8,958
up €8,958 (+1,051%), from €852 to €9,811
mainly Depreciation (+€22,521) and Stocks and contracts (+€19,150)
- Profit (loss) carried forward -€35,500
new in 2025: -€35,500
- Debts after one year -€17,398
down €17,398 (-43.0%), from €40,417 to €23,019
- Other debts +€10,863
up €10,863 (+99.8%), from €10,886 to €21,749
- Current portion of long-term debt +€7,116
up €7,116 (+26.1%), from €27,223 to €34,340
- Trade debts +€5,045
up €5,045 (+90.5%), from €5,574 to €10,618
- Gross operating margin -€37,907
down €37,907, from €26,441 to -€11,466
- Taxes -€1,327
down €1,327 (-82.9%), from €1,601 to €273
- Financial income +€526
up €526 (+269%), from €196 to €721
- Depreciation +€480
up €480 (+2.2%), from €22,041 to €22,521
- Financial charges -€308
down €308 (-21.4%), from €1,438 to €1,130
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,142 | €70,805 | -€29,336 | -29.3% |
| Fixed assets | 21/28 | €63,957 | €44,880 | -€19,076 | -29.8% |
| Tangible fixed assets | 22/27 | €63,957 | €44,880 | -€19,076 | -29.8% |
| Plant, machinery and equipment | 23 | €29,559 | €22,791 | -€6,768 | -22.9% |
| Furniture and vehicles | 24 | €33,509 | €21,460 | -€12,048 | -36.0% |
| Other tangible fixed assets | 26 | €889 | €629 | -€260 | -29.3% |
| Current assets | 29/58 | €36,185 | €25,925 | -€10,260 | -28.4% |
| Stocks and contracts in progress | 3 | €22,350 | €3,200 | -€19,150 | -85.7% |
| Stocks | 30/36 | €2,350 | €3,200 | +€850 | +36.2% |
| Contracts in progress | 37 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €12,911 | €12,840 | -€70 | -0.5% |
| Trade receivables | 40 | €11,008 | €5,801 | -€5,207 | -47.3% |
| Other amounts receivable | 41 | €1,903 | €7,039 | +€5,136 | +270% |
| Cash at bank and in hand | 54/58 | €852 | €9,811 | +€8,958 | +1,051% |
| Deferred charges and accrued income | 490/1 | €72 | €74 | +€2 | +2.2% |
| Total equity and liabilities | 10/49 | €100,142 | €70,805 | -€29,336 | -29.3% |
| Equity | 10/15 | €14,435 | -€21,064 | -€35,500 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €9,435 | €9,435 | = | 0.0% |
| Distributable reserves | 133 | €9,435 | €9,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€35,500 | -€35,500 | |
| Amounts payable | 17/49 | €85,707 | €91,870 | +€6,163 | +7.2% |
| Amounts payable after more than one year | 17 | €40,417 | €23,019 | -€17,398 | -43.0% |
| Financial debts | 170/4 | €40,417 | €23,019 | -€17,398 | -43.0% |
| Amounts payable within one year | 42/48 | €45,183 | €68,769 | +€23,587 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €27,223 | €34,340 | +€7,116 | +26.1% |
| Trade debts | 44 | €5,574 | €10,618 | +€5,045 | +90.5% |
| Suppliers | 440/4 | €5,574 | €10,618 | +€5,045 | +90.5% |
| Taxes, remuneration and social security | 45 | €1,500 | €2,063 | +€563 | +37.5% |
| Taxes | 450/3 | €1,500 | €2,063 | +€563 | +37.5% |
| Other amounts payable | 47/48 | €10,886 | €21,749 | +€10,863 | +99.8% |
| Accrued charges and deferred income | 492/3 | €107 | €81 | -€25 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,041 | €22,521 | +€480 | +2.2% |
| Other operating charges | 640/8 | €834 | €830 | -€3 | -0.4% |
| Gross operating margin | 9900 | €26,441 | -€11,466 | -€37,907 | |
| Operating profit (loss) | 9901 | €3,567 | -€34,817 | -€38,384 | |
| Financial income | 75/76B | €196 | €721 | +€526 | +269% |
| Recurring financial income | 75 | €196 | €721 | +€526 | +269% |
| Financial charges | 65/66B | €1,438 | €1,130 | -€308 | -21.4% |
| Recurring financial charges | 65 | €1,438 | €1,130 | -€308 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €2,324 | -€35,226 | -€37,550 | |
| Income taxes | 67/77 | €1,601 | €273 | -€1,327 | -82.9% |
| Profit (loss) for the period | 9904 | €723 | -€35,500 | -€36,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €723 | -€35,500 | -€36,223 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.