Ralph Schröder Management: 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.
Ralph Schröder Management
Largest movements
- Cash +€131,345
up €131,345 (+102%), from €129,066 to €260,411
mainly Net result for the year (+€75,690) and Receivables within one year (+€56,850)
- Receivables within one year -€56,850
down €56,850 (-25.0%), from €227,638 to €170,788
of which Trade receivables: -€61,122
- Reserves +€65,000
up €65,000 (+27.8%), from €233,760 to €298,760
- Other debts +€9,975
new in 2025: €9,975
- Tax, wage and social debts -€6,639
down €6,639 (-8.5%), from €78,197 to €71,558
- Gross operating margin -€27,246
down €27,246 (-19.1%), from €142,830 to €115,584
- Taxes -€8,194
down €8,194 (-20.2%), from €40,637 to €32,444
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 | €366,056 | €437,507 | +€71,450 | +19.5% |
| Fixed assets | 21/28 | €8,484 | €5,058 | -€3,425 | -40.4% |
| Tangible fixed assets | 22/27 | €8,484 | €5,058 | -€3,425 | -40.4% |
| Furniture and vehicles | 24 | €8,484 | €5,058 | -€3,425 | -40.4% |
| Current assets | 29/58 | €357,573 | €432,449 | +€74,876 | +20.9% |
| Amounts receivable within one year | 40/41 | €227,638 | €170,788 | -€56,850 | -25.0% |
| Trade receivables | 40 | €226,751 | €165,629 | -€61,122 | -27.0% |
| Other amounts receivable | 41 | €887 | €5,159 | +€4,272 | +482% |
| Cash at bank and in hand | 54/58 | €129,066 | €260,411 | +€131,345 | +102% |
| Deferred charges and accrued income | 490/1 | €868 | €1,249 | +€381 | +43.9% |
| Total equity and liabilities | 10/49 | €366,056 | €437,507 | +€71,450 | +19.5% |
| Equity | 10/15 | €285,158 | €350,348 | +€65,190 | +22.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €233,760 | €298,760 | +€65,000 | +27.8% |
| Distributable reserves | 133 | €233,760 | €298,760 | +€65,000 | +27.8% |
| Profit (loss) carried forward | 14 | €45,198 | €45,388 | +€190 | +0.4% |
| Amounts payable | 17/49 | €80,898 | €87,159 | +€6,261 | +7.7% |
| Amounts payable within one year | 42/48 | €80,460 | €87,139 | +€6,679 | +8.3% |
| Trade debts | 44 | €2,263 | €5,606 | +€3,343 | +148% |
| Suppliers | 440/4 | €2,263 | €5,606 | +€3,343 | +148% |
| Taxes, remuneration and social security | 45 | €78,197 | €71,558 | -€6,639 | -8.5% |
| Taxes | 450/3 | €78,197 | €71,558 | -€6,639 | -8.5% |
| Other amounts payable | 47/48 | - | €9,975 | +€9,975 | |
| Accrued charges and deferred income | 492/3 | €438 | €20 | -€418 | -95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,348 | €3,425 | +€77 | +2.3% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Non-recurring operating charges | 66A | €2,343 | €436 | -€1,906 | -81.4% |
| Gross operating margin | 9900 | €142,830 | €115,584 | -€27,246 | -19.1% |
| Operating profit (loss) | 9901 | €136,531 | €111,103 | -€25,429 | -18.6% |
| Financial income | 75/76B | €39 | €193 | +€154 | +400% |
| Recurring financial income | 75 | €39 | €193 | +€154 | +400% |
| Financial charges | 65/66B | €2,216 | €3,162 | +€946 | +42.7% |
| Recurring financial charges | 65 | €2,216 | €3,162 | +€946 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €134,354 | €108,133 | -€26,221 | -19.5% |
| Income taxes | 67/77 | €40,637 | €32,444 | -€8,194 | -20.2% |
| Profit (loss) for the period | 9904 | €93,717 | €75,690 | -€18,027 | -19.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,717 | €75,690 | -€18,027 | -19.2% |
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 30 October 2026 via checked.be.