SCHREURS PROJECT: 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.
SCHREURS PROJECT
Largest movements
- Receivables within one year +€243,182
up €243,182 (+58.5%), from €415,828 to €659,009
of which Trade receivables: +€218,669
- Cash -€177,717
down €177,717 (-32.0%), from €555,297 to €377,580
mainly Receivables within one year (-€243,182) and Investment in fixed assets (net) (-€139,381)
- Tangible fixed assets +€105,665
up €105,665 (+246%), from €42,944 to €148,609
of which Land and buildings: +€93,536
- Stocks and contracts +€34,949
up €34,949 (+8.5%), from €410,783 to €445,732
of which Stocks: +€52,793
- Trade debts +€160,706
up €160,706 (+124%), from €129,935 to €290,641
- Debts after one year +€153,181
up €153,181 (+76.6%), from €200,000 to €353,181
- Tax, wage and social debts -€77,265
down €77,265 (-41.5%), from €186,172 to €108,906
of which Remuneration and social security: -€63,834
- Accrued charges and deferred income -€35,746
down €35,746 (-68.0%), from €52,578 to €16,832
- Gross operating margin -€165,344
down €165,344 (-10.5%), from €1.6m to €1.4m
- Staff costs -€86,576
down €86,576 (-6.1%), from €1.4m to €1.3m
- Write-downs -€24,013
down €24,013, from €3,525 to -€20,488
- Other operating charges +€20,542
up €20,542 (+81.1%), from €25,324 to €45,866
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 | €1,705,290 | €1,903,586 | +€198,296 | +11.6% |
| Fixed assets | 21/28 | €299,631 | €403,601 | +€103,969 | +34.7% |
| Intangible fixed assets | 21 | €6,538 | €4,842 | -€1,696 | -25.9% |
| Tangible fixed assets | 22/27 | €42,944 | €148,609 | +€105,665 | +246% |
| Land and buildings | 22 | €6,088 | €99,623 | +€93,536 | +1,537% |
| Plant, machinery and equipment | 23 | €21,771 | €32,384 | +€10,613 | +48.7% |
| Furniture and vehicles | 24 | €15,085 | €16,602 | +€1,517 | +10.1% |
| Financial fixed assets | 28 | €250,150 | €250,150 | = | 0.0% |
| Current assets | 29/58 | €1,405,659 | €1,499,986 | +€94,327 | +6.7% |
| Stocks and contracts in progress | 3 | €410,783 | €445,732 | +€34,949 | +8.5% |
| Stocks | 30/36 | €227,649 | €280,443 | +€52,793 | +23.2% |
| Contracts in progress | 37 | €183,134 | €165,289 | -€17,845 | -9.7% |
| Amounts receivable within one year | 40/41 | €415,828 | €659,009 | +€243,182 | +58.5% |
| Trade receivables | 40 | €378,565 | €597,234 | +€218,669 | +57.8% |
| Other amounts receivable | 41 | €37,262 | €61,775 | +€24,513 | +65.8% |
| Cash at bank and in hand | 54/58 | €555,297 | €377,580 | -€177,717 | -32.0% |
| Deferred charges and accrued income | 490/1 | €23,751 | €17,665 | -€6,086 | -25.6% |
| Total equity and liabilities | 10/49 | €1,705,290 | €1,903,586 | +€198,296 | +11.6% |
| Equity | 10/15 | €436,413 | €422,987 | -€13,426 | -3.1% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €324,413 | €310,987 | -€13,426 | -4.1% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €313,213 | €299,787 | -€13,426 | -4.3% |
| Amounts payable | 17/49 | €1,268,877 | €1,480,599 | +€211,722 | +16.7% |
| Amounts payable after more than one year | 17 | €200,000 | €353,181 | +€153,181 | +76.6% |
| Financial debts | 170/4 | €200,000 | €353,181 | +€153,181 | +76.6% |
| Amounts payable within one year | 42/48 | €1,016,300 | €1,110,586 | +€94,286 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | - | €18,075 | +€18,075 | |
| Financial debts | 43 | €382,862 | €388,148 | +€5,286 | +1.4% |
| Credit institutions | 430/8 | €382,862 | €388,148 | +€5,286 | +1.4% |
| Trade debts | 44 | €129,935 | €290,641 | +€160,706 | +124% |
| Suppliers | 440/4 | €129,935 | €290,641 | +€160,706 | +124% |
| Taxes, remuneration and social security | 45 | €186,172 | €108,906 | -€77,265 | -41.5% |
| Taxes | 450/3 | €23,233 | €9,802 | -€13,431 | -57.8% |
| Remuneration and social security | 454/9 | €162,938 | €99,105 | -€63,834 | -39.2% |
| Other amounts payable | 47/48 | €317,331 | €304,815 | -€12,516 | -3.9% |
| Accrued charges and deferred income | 492/3 | €52,578 | €16,832 | -€35,746 | -68.0% |
| Remuneration, social security and pensions | 62 | €1,425,181 | €1,338,606 | -€86,576 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,072 | €35,412 | -€659 | -1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,525 | -€20,488 | -€24,013 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €25,324 | €45,866 | +€20,542 | +81.1% |
| Gross operating margin | 9900 | €1,581,366 | €1,416,022 | -€165,344 | -10.5% |
| Operating profit (loss) | 9901 | €91,265 | €16,627 | -€74,638 | -81.8% |
| Financial income | 75/76B | €6,902 | €7,036 | +€134 | +1.9% |
| Recurring financial income | 75 | €6,902 | €7,036 | +€134 | +1.9% |
| Financial charges | 65/66B | €39,793 | €36,164 | -€3,628 | -9.1% |
| Recurring financial charges | 65 | €39,793 | €36,164 | -€3,628 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €58,374 | -€12,501 | -€70,875 | |
| Income taxes | 67/77 | €8,877 | €925 | -€7,952 | -89.6% |
| Profit (loss) for the period | 9904 | €49,497 | -€13,426 | -€62,923 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,497 | -€13,426 | -€62,923 |
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 15 October 2026 via checked.be.