SA ROBERT SCHMIT: 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.
SA ROBERT SCHMIT
Largest movements
- Tangible fixed assets -€114,898
down €114,898 (-21.4%), from €537,715 to €422,817
of which Land and buildings: -€89,515
- Cash -€47,641
down €47,641 (-6.0%), from €800,116 to €752,474
mainly Other debts (-€315,322) and Tax, wage and social debts (-€90,302)
- Other debts -€315,322
down €315,322 (-55.1%), from €571,896 to €256,574
- Reserves +€261,376
up €261,376 (+67.5%), from €387,440 to €648,816
of which Distributable reserves: +€261,376
- Tax, wage and social debts -€90,302
down €90,302 (-81.8%), from €110,425 to €20,122
of which Remuneration and social security: -€77,543
- Trade debts -€23,794
down €23,794 (-98.6%), from €24,127 to €333
- Financial income +€232,603
up €232,603 (+2,084%), from €11,163 to €243,766
of which Non-recurring financial income: +€242,001
- Taxes +€100,322
up €100,322 (+418%), from €23,984 to €124,306
- Gross operating margin +€30,657
up €30,657 (+17.9%), from €171,654 to €202,311
- Depreciation -€26,593
down €26,593 (-42.8%), from €62,176 to €35,583
- Financial charges -€18,990
down €18,990 (-78.3%), from €24,257 to €5,267
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 | €1,383,942 | €1,215,900 | -€168,042 | -12.1% |
| Fixed assets | 21/28 | €537,715 | €422,817 | -€114,898 | -21.4% |
| Tangible fixed assets | 22/27 | €537,715 | €422,817 | -€114,898 | -21.4% |
| Land and buildings | 22 | €331,204 | €241,689 | -€89,515 | -27.0% |
| Furniture and vehicles | 24 | - | €668 | +€668 | |
| Other tangible fixed assets | 26 | €206,512 | €180,460 | -€26,051 | -12.6% |
| Current assets | 29/58 | €846,227 | €793,082 | -€53,144 | -6.3% |
| Amounts receivable within one year | 40/41 | €46,111 | €40,608 | -€5,503 | -11.9% |
| Trade receivables | 40 | €40,445 | €39,768 | -€676 | -1.7% |
| Other amounts receivable | 41 | €5,666 | €839 | -€4,827 | -85.2% |
| Cash at bank and in hand | 54/58 | €800,116 | €752,474 | -€47,641 | -6.0% |
| Total equity and liabilities | 10/49 | €1,383,942 | €1,215,900 | -€168,042 | -12.1% |
| Equity | 10/15 | €677,495 | €938,871 | +€261,376 | +38.6% |
| Contributions | 10/11 | €290,000 | €290,000 | = | 0.0% |
| Capital | 10 | €290,000 | €290,000 | = | 0.0% |
| Issued capital | 100 | €290,000 | €290,000 | = | 0.0% |
| Reserves | 13 | €387,440 | €648,816 | +€261,376 | +67.5% |
| Non-distributable reserves | 130/1 | €89,141 | €89,141 | = | 0.0% |
| Legal reserve | 130 | €89,000 | €89,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €141 | €141 | = | 0.0% |
| Distributable reserves | 133 | €298,299 | €559,675 | +€261,376 | +87.6% |
| Profit (loss) carried forward | 14 | €55 | €55 | = | 0.0% |
| Amounts payable | 17/49 | €706,447 | €277,029 | -€429,419 | -60.8% |
| Amounts payable within one year | 42/48 | €706,447 | €277,029 | -€429,419 | -60.8% |
| Trade debts | 44 | €24,127 | €333 | -€23,794 | -98.6% |
| Suppliers | 440/4 | €24,127 | €333 | -€23,794 | -98.6% |
| Taxes, remuneration and social security | 45 | €110,425 | €20,122 | -€90,302 | -81.8% |
| Taxes | 450/3 | €32,881 | €20,122 | -€12,759 | -38.8% |
| Remuneration and social security | 454/9 | €77,543 | - | -€77,543 | |
| Other amounts payable | 47/48 | €571,896 | €256,574 | -€315,322 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,176 | €35,583 | -€26,593 | -42.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,018 | -€6,708 | -€5,690 | -559% |
| Other operating charges | 640/8 | €24,497 | €26,252 | +€1,754 | +7.2% |
| Gross operating margin | 9900 | €171,654 | €202,311 | +€30,657 | +17.9% |
| Operating profit (loss) | 9901 | €85,998 | €147,184 | +€61,186 | +71.1% |
| Financial income | 75/76B | €11,163 | €243,766 | +€232,603 | +2,084% |
| Recurring financial income | 75 | €11,163 | €1,765 | -€9,398 | -84.2% |
| Non-recurring financial income | 76B | - | €242,001 | +€242,001 | |
| Financial charges | 65/66B | €24,257 | €5,267 | -€18,990 | -78.3% |
| Recurring financial charges | 65 | €24,257 | €5,267 | -€18,990 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €72,904 | €385,682 | +€312,778 | +429% |
| Income taxes | 67/77 | €23,984 | €124,306 | +€100,322 | +418% |
| Profit (loss) for the period | 9904 | €48,920 | €261,376 | +€212,456 | +434% |
| Profit (loss) for the period to be appropriated | 9905 | €48,920 | €261,376 | +€212,456 | +434% |
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 29 October 2026 via checked.be.