Schmidt & Zoon: 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 & Zoon
Largest movements
- Receivables within one year +€38,361
up €38,361 (+15.9%), from €241,325 to €279,687
of which Trade receivables: +€24,657
- Cash +€30,475
up €30,475 (+30.2%), from €100,936 to €131,411
mainly Other debts (+€274,783) and Net result for the year (+€170,389)
- Tangible fixed assets +€14,914
up €14,914 (+3.0%), from €503,425 to €518,339
of which Land and buildings: +€52,117
- Debts after one year -€345,572
down €345,572 (-91.7%), from €376,963 to €31,391
- Other debts +€274,783
up €274,783 (+296.2%), from €92,784 to €367,567
- Reserves +€170,389
up €170,389 (+82.9%), from €205,439 to €375,828
of which Distributable reserves: +€170,389
- Trade debts -€46,938
down €46,938 (-79.9%), from €58,762 to €11,824
- Tax, wage and social debts +€41,101
up €41,101 (+95.2%), from €43,167 to €84,268
of which Taxes: +€45,986
- Gross operating margin +€97,617
up €97,617 (+38.6%), from €252,749 to €350,366
- Staff costs -€50,741
down €50,741 (-74.9%), from €67,721 to €16,980
- Taxes +€50,070
up €50,070 (+125.5%), from €39,893 to €89,963
- Financial charges +€12,606
up €12,606 (+387.7%), from €3,252 to €15,858
- Depreciation +€9,136
up €9,136 (+18.9%), from €48,256 to €57,392
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 | €914,250 | €1,003,709 | +€89,459 | +9.8% |
| Fixed assets | 21/28 | €504,083 | €518,997 | +€14,914 | +3.0% |
| Tangible fixed assets | 22/27 | €503,425 | €518,339 | +€14,914 | +3.0% |
| Land and buildings | 22 | €288,041 | €340,158 | +€52,117 | +18.1% |
| Plant, machinery and equipment | 23 | €132,419 | €115,718 | -€16,702 | -12.6% |
| Furniture and vehicles | 24 | €82,965 | €62,463 | -€20,501 | -24.7% |
| Financial fixed assets | 28 | €658 | €658 | = | 0.0% |
| Current assets | 29/58 | €410,167 | €484,711 | +€74,545 | +18.2% |
| Amounts receivable after more than one year | 29 | €37,500 | €37,500 | = | 0.0% |
| Other amounts receivable | 291 | €37,500 | €37,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €241,325 | €279,687 | +€38,361 | +15.9% |
| Trade receivables | 40 | €73,664 | €98,320 | +€24,657 | +33.5% |
| Other amounts receivable | 41 | €167,662 | €181,366 | +€13,705 | +8.2% |
| Cash at bank and in hand | 54/58 | €100,936 | €131,411 | +€30,475 | +30.2% |
| Deferred charges and accrued income | 490/1 | €406 | €6,114 | +€5,708 | +1406.1% |
| Total equity and liabilities | 10/49 | €914,250 | €1,003,709 | +€89,459 | +9.8% |
| Equity | 10/15 | €317,698 | €488,087 | +€170,389 | +53.6% |
| Contributions | 10/11 | €112,260 | €112,260 | = | 0.0% |
| Reserves | 13 | €205,439 | €375,828 | +€170,389 | +82.9% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €186,689 | €357,078 | +€170,389 | +91.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €596,551 | €515,622 | -€80,930 | -13.6% |
| Amounts payable after more than one year | 17 | €376,963 | €31,391 | -€345,572 | -91.7% |
| Financial debts | 170/4 | €376,963 | €31,391 | -€345,572 | -91.7% |
| Amounts payable within one year | 42/48 | €219,588 | €484,231 | +€264,642 | +120.5% |
| Current portion of amounts payable after more than one year | 42 | €24,876 | €20,572 | -€4,304 | -17.3% |
| Trade debts | 44 | €58,762 | €11,824 | -€46,938 | -79.9% |
| Suppliers | 440/4 | €58,762 | €11,824 | -€46,938 | -79.9% |
| Taxes, remuneration and social security | 45 | €43,167 | €84,268 | +€41,101 | +95.2% |
| Taxes | 450/3 | €37,458 | €83,444 | +€45,986 | +122.8% |
| Remuneration and social security | 454/9 | €5,709 | €823 | -€4,885 | -85.6% |
| Other amounts payable | 47/48 | €92,784 | €367,567 | +€274,783 | +296.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,721 | €16,980 | -€50,741 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,256 | €57,392 | +€9,136 | +18.9% |
| Other operating charges | 640/8 | €12,009 | €10,109 | -€1,900 | -15.8% |
| Gross operating margin | 9900 | €252,749 | €350,366 | +€97,617 | +38.6% |
| Operating profit (loss) | 9901 | €124,762 | €265,885 | +€141,122 | +113.1% |
| Financial income | 75/76B | €1,828 | €10,325 | +€8,497 | +464.7% |
| Recurring financial income | 75 | €1,828 | €10,325 | +€8,497 | +464.7% |
| Financial charges | 65/66B | €3,252 | €15,858 | +€12,606 | +387.7% |
| Recurring financial charges | 65 | €3,252 | €15,858 | +€12,606 | +387.7% |
| Profit (loss) for the period before taxes | 9903 | €123,339 | €260,352 | +€137,013 | +111.1% |
| Income taxes | 67/77 | €39,893 | €89,963 | +€50,070 | +125.5% |
| Profit (loss) for the period | 9904 | €83,446 | €170,389 | +€86,943 | +104.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,446 | €170,389 | +€86,943 | +104.2% |
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 9 October 2026 via checked.be.