SCHMIDT BELGIUM: 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.
What changed
SCHMIDT BELGIUM
NACE 49.410, Freight transport by road
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€616,448
2024 · €1.1m-€473,777
Equity
€10.9m
2024 · €10.3m+€616,448
Cash
€2.7m
2024 · €1.5m+€1.2m
Balance sheet total
€13.5m
2024 · €12.9m+€541,706
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+85.1%), from €1.5m to €2.7m
mainly Depreciation (+€946,153) and Net result for the year (+€616,448)
- Tangible fixed assets -€507,959
down €507,959 (-7.4%), from €6.9m to €6.4m
of which Land and buildings: -€360,065
Equity and liabilities
- Reserves +€616,448
up €616,448 (+6.8%), from €9.0m to €9.6m
of which Distributable reserves: +€616,448
- Trade debts -€141,643
down €141,643 (-8.2%), from €1.7m to €1.6m
Income statement
- Other operating income +€2.3m
up €2.3m (+63.4%), from €3.7m to €6.0m
- Services and other goods +€1.7m
up €1.7m (+17.1%), from €9.9m to €11.6m
- Turnover -€1.5m
down €1.5m (-7.4%), from €20.2m to €18.7m
- Goods and materials -€408,903
down €408,903 (-4.5%), from €9.1m to €8.7m
of which Purchases: -€513,771
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.
Result 2024
€1.1m
Turnover
-€1.5m
Other operating income
+€2.3m
Goods and materials
+€408,903
Services and other goods
-€1.7m
Staff costs
-€67,013
Depreciation
-€99,398
Other operating charges
+€6,129
Other operating items
-€37,770
Financial income
-€274
Financial charges
-€989
Taxes
+€155,174
Result 2025
€616,448
Cash bridge derived
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.
From operations
+€1.7m
Investment
-€419,396
Financing
€0
Cash 2024
€1.5m
From operations (derived)
+€1.7m
Net result for the year
+€616,448
Depreciation
+€946,153
Stocks and contracts
+€71,374
Receivables within one year
+€85,790
Deferred charges and accrued income
+€19,993
Trade debts
-€141,643
Tax, wage and social debts
-€44,319
Accrued charges and deferred income
+€111,220
Investment (derived)
-€419,396
Investment in fixed assets (net)
-€419,396
Cash 2025
€2.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,938,705 | €13,480,411 | +€541,706 | +4.2% |
| Fixed assets | 21/28 | €7,445,954 | €6,919,196 | -€526,757 | -7.1% |
| Intangible fixed assets | 21 | €375,000 | €350,000 | -€25,000 | -6.7% |
| Tangible fixed assets | 22/27 | €6,860,303 | €6,352,345 | -€507,959 | -7.4% |
| Land and buildings | 22 | €5,094,992 | €4,734,927 | -€360,065 | -7.1% |
| Plant, machinery and equipment | 23 | €1,039,825 | €794,005 | -€245,820 | -23.6% |
| Furniture and vehicles | 24 | €725,486 | €664,363 | -€61,123 | -8.4% |
| Assets under construction and advance payments | 27 | - | €159,050 | +€159,050 | |
| Financial fixed assets | 28 | €210,650 | €216,852 | +€6,201 | +2.9% |
| Other financial fixed assets | 284/8 | €210,650 | €216,852 | +€6,201 | +2.9% |
| Amounts receivable and cash guarantees | 285/8 | €210,650 | €216,852 | +€6,201 | +2.9% |
| Current assets | 29/58 | €5,492,751 | €6,561,214 | +€1.1m | +19.5% |
| Stocks and contracts in progress | 3 | €119,386 | €48,011 | -€71,374 | -59.8% |
| Stocks | 30/36 | €119,386 | €48,011 | -€71,374 | -59.8% |
| Goods purchased for resale | 34 | €119,386 | €48,011 | -€71,374 | -59.8% |
| Amounts receivable within one year | 40/41 | €3,559,572 | €3,473,783 | -€85,790 | -2.4% |
| Trade receivables | 40 | €3,438,184 | €3,419,927 | -€18,257 | -0.5% |
| Other amounts receivable | 41 | €121,389 | €53,855 | -€67,533 | -55.6% |
| Cash at bank and in hand | 54/58 | €1,463,373 | €2,708,993 | +€1.2m | +85.1% |
| Deferred charges and accrued income | 490/1 | €350,420 | €330,427 | -€19,993 | -5.7% |
| Total equity and liabilities | 10/49 | €12,938,705 | €13,480,411 | +€541,706 | +4.2% |
| Equity | 10/15 | €10,260,274 | €10,876,722 | +€616,448 | +6.0% |
| Contributions | 10/11 | €1,244,156 | €1,244,156 | = | 0.0% |
| Reserves | 13 | €9,016,118 | €9,632,566 | +€616,448 | +6.8% |
| Non-distributable reserves | 130/1 | €113,305 | €113,305 | = | 0.0% |
| Reserves not available under the articles | 1311 | €113,305 | €113,305 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,517 | €1,517 | = | 0.0% |
| Distributable reserves | 133 | €8,901,296 | €9,517,744 | +€616,448 | +6.9% |
| Amounts payable | 17/49 | €2,678,431 | €2,603,689 | -€74,742 | -2.8% |
| Amounts payable within one year | 42/48 | €2,484,017 | €2,298,056 | -€185,962 | -7.5% |
| Trade debts | 44 | €1,736,336 | €1,594,694 | -€141,643 | -8.2% |
| Suppliers | 440/4 | €1,736,336 | €1,594,694 | -€141,643 | -8.2% |
| Taxes, remuneration and social security | 45 | €747,681 | €703,362 | -€44,319 | -5.9% |
| Taxes | 450/3 | €103,294 | €67,713 | -€35,581 | -34.4% |
| Remuneration and social security | 454/9 | €644,387 | €635,649 | -€8,738 | -1.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €194,413 | €305,633 | +€111,220 | +57.2% |
| Operating income | 70/76A | €24,017,771 | €24,760,074 | +€742,303 | +3.1% |
| Turnover | 70 | €20,186,371 | €18,690,954 | -€1.5m | -7.4% |
| Other operating income | 74 | €3,689,604 | €6,030,561 | +€2.3m | +63.4% |
| Non-recurring operating income | 76A | €141,797 | €38,560 | -€103,237 | -72.8% |
| Operating charges | 60/66A | €22,519,738 | €23,889,729 | +€1.4m | +6.1% |
| Goods for resale, raw materials and consumables | 60 | €9,121,027 | €8,712,124 | -€408,903 | -4.5% |
| Purchases | 600/8 | €9,154,521 | €8,640,749 | -€513,771 | -5.6% |
| Change in stocks: decrease (increase) | 609 | -€33,494 | €71,374 | +€104,869 | |
| Services and other goods | 61 | €9,877,060 | €11,561,139 | +€1.7m | +17.1% |
| Remuneration, social security and pensions | 62 | €2,478,938 | €2,545,950 | +€67,013 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €846,755 | €946,153 | +€99,398 | +11.7% |
| Other operating charges | 640/8 | €130,492 | €124,362 | -€6,129 | -4.7% |
| Non-recurring operating charges | 66A | €65,467 | €0 | -€65,467 | -100.0% |
| Operating profit (loss) | 9901 | €1,498,033 | €870,345 | -€627,688 | -41.9% |
| Financial income | 75/76B | €722 | €448 | -€274 | -37.9% |
| Recurring financial income | 75 | €722 | €448 | -€274 | -37.9% |
| Income from current assets | 751 | €231 | €111 | -€121 | -52.1% |
| Other financial income | 752/9 | €491 | €338 | -€153 | -31.2% |
| Financial charges | 65/66B | €6,762 | €7,751 | +€989 | +14.6% |
| Recurring financial charges | 65 | €6,762 | €7,751 | +€989 | +14.6% |
| Debt charges | 650 | €0 | €266 | +€266 | |
| Other financial charges | 652/9 | €6,762 | €7,485 | +€723 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €1,491,994 | €863,043 | -€628,951 | -42.2% |
| Income taxes | 67/77 | €401,769 | €246,595 | -€155,174 | -38.6% |
| Taxes | 670/3 | €406,069 | €247,008 | -€159,061 | -39.2% |
| Tax adjustments and reversals of tax provisions | 77 | €4,300 | €414 | -€3,887 | -90.4% |
| Profit (loss) for the period | 9904 | €1,090,225 | €616,448 | -€473,777 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,090,225 | €616,448 | -€473,777 | -43.5% |
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 12 October 2026 via checked.be.