SCHMIDT culina: 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.
SCHMIDT culina
Largest movements
- Tangible fixed assets -€163,083
down €163,083 (-12.5%), from €1.3m to €1.1m
- Receivables within one year +€49,296
up €49,296 (+47.0%), from €104,868 to €154,164
of which Trade receivables: +€74,544
- Trade debts -€224,826
down €224,826 (-84.6%), from €265,745 to €40,919
- Profit (loss) carried forward +€135,668
up €135,668 (+32.6%), from €416,330 to €551,998
- Debts after one year -€51,440
down €51,440 (-15.1%), from €341,470 to €290,030
- Tax, wage and social debts +€16,757
up €16,757 (+21.3%), from €78,694 to €95,450
of which Taxes: +€17,701
- Gross operating margin +€316,689
up €316,689 (+51.9%), from €610,101 to €926,790
- Depreciation +€79,214
up €79,214 (+41.2%), from €192,416 to €271,630
- Staff costs +€72,112
up €72,112 (+19.1%), from €378,228 to €450,340
- Taxes +€35,175
up €35,175 (+738.3%), from €4,765 to €39,940
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,597,113 | €1,458,821 | -€138,292 | -8.7% |
| Fixed assets | 21/28 | €1,302,220 | €1,141,361 | -€160,860 | -12.4% |
| Intangible fixed assets | 21 | €0 | €2,223 | +€2,223 | |
| Tangible fixed assets | 22/27 | €1,301,820 | €1,138,737 | -€163,083 | -12.5% |
| Land and buildings | 22 | €793,411 | €728,910 | -€64,501 | -8.1% |
| Plant, machinery and equipment | 23 | €235,655 | €213,147 | -€22,508 | -9.6% |
| Furniture and vehicles | 24 | €272,755 | €196,681 | -€76,074 | -27.9% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €294,893 | €317,460 | +€22,568 | +7.7% |
| Amounts receivable after more than one year | 29 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 291 | €15,000 | - | -€15,000 | |
| Amounts receivable within one year | 40/41 | €104,868 | €154,164 | +€49,296 | +47.0% |
| Trade receivables | 40 | €31,004 | €105,548 | +€74,544 | +240.4% |
| Other amounts receivable | 41 | €73,864 | €48,616 | -€25,248 | -34.2% |
| Cash at bank and in hand | 54/58 | €164,739 | €153,997 | -€10,742 | -6.5% |
| Deferred charges and accrued income | 490/1 | €10,286 | €9,299 | -€987 | -9.6% |
| Total equity and liabilities | 10/49 | €1,597,113 | €1,458,821 | -€138,292 | -8.7% |
| Equity | 10/15 | €826,312 | €959,144 | +€132,832 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €360,860 | €360,860 | = | 0.0% |
| Distributable reserves | 133 | €360,860 | €360,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €416,330 | €551,998 | +€135,668 | +32.6% |
| Investment grants | 15 | €30,522 | €27,686 | -€2,836 | -9.3% |
| Amounts payable | 17/49 | €770,801 | €499,677 | -€271,124 | -35.2% |
| Amounts payable after more than one year | 17 | €341,470 | €290,030 | -€51,440 | -15.1% |
| Financial debts | 170/4 | €341,470 | €290,030 | -€51,440 | -15.1% |
| Amounts payable within one year | 42/48 | €427,058 | €206,464 | -€220,593 | -51.7% |
| Current portion of amounts payable after more than one year | 42 | €82,619 | €68,273 | -€14,347 | -17.4% |
| Trade debts | 44 | €265,745 | €40,919 | -€224,826 | -84.6% |
| Suppliers | 440/4 | €265,745 | €40,919 | -€224,826 | -84.6% |
| Taxes, remuneration and social security | 45 | €78,694 | €95,450 | +€16,757 | +21.3% |
| Taxes | 450/3 | €17,735 | €35,437 | +€17,701 | +99.8% |
| Remuneration and social security | 454/9 | €60,958 | €60,014 | -€945 | -1.5% |
| Other amounts payable | 47/48 | - | €1,823 | +€1,823 | |
| Accrued charges and deferred income | 492/3 | €2,273 | €3,183 | +€910 | +40.0% |
| Remuneration, social security and pensions | 62 | €378,228 | €450,340 | +€72,112 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192,416 | €271,630 | +€79,214 | +41.2% |
| Other operating charges | 640/8 | €17,853 | €18,205 | +€353 | +2.0% |
| Gross operating margin | 9900 | €610,101 | €926,790 | +€316,689 | +51.9% |
| Operating profit (loss) | 9901 | €21,604 | €186,615 | +€165,010 | +763.8% |
| Financial income | 75/76B | €2,991 | €2,965 | -€27 | -0.9% |
| Recurring financial income | 75 | €2,991 | €2,965 | -€27 | -0.9% |
| Financial charges | 65/66B | €7,746 | €13,971 | +€6,225 | +80.4% |
| Recurring financial charges | 65 | €7,746 | €13,971 | +€6,225 | +80.4% |
| Profit (loss) for the period before taxes | 9903 | €16,850 | €175,608 | +€158,758 | +942.2% |
| Income taxes | 67/77 | €4,765 | €39,940 | +€35,175 | +738.3% |
| Profit (loss) for the period | 9904 | €12,085 | €135,668 | +€123,583 | +1022.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,085 | €135,668 | +€123,583 | +1022.6% |
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 11 October 2026 via checked.be.