SCHRÖDER: what changed
Two fiscal 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
SCHRÖDER
NACE 55.100, Hotels and similar accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€130,243
2024 · €139,684-€9,442
Equity
€978,720
2024 · €975,077+€3,643
Cash
€757,638
2024 · €752,053+€5,585
Balance sheet total
€1.0m
2024 · €1.1m-€17,323
Largest movements
Assets
- Tangible fixed assets -€32,435
down €32,435 (-11.8%), from €273,782 to €241,347
of which Furniture and vehicles: -€18,399
Equity and liabilities
- Tax, wage and social debts -€10,586
down €10,586 (-36.3%), from €29,193 to €18,607
of which Taxes: -€11,370
Income statement
- Staff costs +€15,921
up €15,921 (+16.4%), from €97,247 to €113,168
- Gross operating margin +€5,649
up €5,649 (+1.5%), from €382,732 to €388,381
- Depreciation +€4,918
up €4,918 (+7.5%), from €65,388 to €70,306
- Taxes -€4,639
down €4,639 (-6.7%), from €69,192 to €64,553
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
€139,684
Gross operating margin
+€5,649
Staff costs
-€15,921
Depreciation
-€4,918
Other operating charges
+€1,491
Financial income
-€396
Financial charges
+€14
Taxes
+€4,639
Result 2025
€130,243
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
+€170,056
Investment
-€37,871
Financing
-€126,600
Cash 2024
€752,053
From operations (derived)
+€170,056
Net result for the year
+€130,243
Depreciation
+€70,306
Stocks and contracts
-€2,403
Receivables within one year
-€7,133
Smaller working-capital items
-€88
Trade debts
-€7,852
Tax, wage and social debts
-€10,586
Other debts
+€1,213
Accrued charges and deferred income
-€3,644
Investment (derived)
-€37,871
Investment in fixed assets (net)
-€37,871
Financing
-€126,600
Contributions, distributions and other
-€126,600
Cash 2025
€757,638
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,051,155 | €1,033,832 | -€17,323 | -1.6% |
| Fixed assets | 21/28 | €274,030 | €241,595 | -€32,435 | -11.8% |
| Tangible fixed assets | 22/27 | €273,782 | €241,347 | -€32,435 | -11.8% |
| Land and buildings | 22 | €172,095 | €159,256 | -€12,839 | -7.5% |
| Plant, machinery and equipment | 23 | €12,459 | €11,263 | -€1,196 | -9.6% |
| Furniture and vehicles | 24 | €89,227 | €70,828 | -€18,399 | -20.6% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €777,125 | €792,237 | +€15,112 | +1.9% |
| Stocks and contracts in progress | 3 | €10,411 | €12,814 | +€2,403 | +23.1% |
| Stocks | 30/36 | €10,411 | €12,814 | +€2,403 | +23.1% |
| Amounts receivable within one year | 40/41 | - | €7,133 | +€7,133 | |
| Trade receivables | 40 | - | €1,614 | +€1,614 | |
| Other amounts receivable | 41 | - | €5,519 | +€5,519 | |
| Cash at bank and in hand | 54/58 | €752,053 | €757,638 | +€5,585 | +0.7% |
| Deferred charges and accrued income | 490/1 | €14,661 | €14,652 | -€10 | -0.1% |
| Total equity and liabilities | 10/49 | €1,051,155 | €1,033,832 | -€17,323 | -1.6% |
| Equity | 10/15 | €975,077 | €978,720 | +€3,643 | +0.4% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €798,319 | €801,719 | +€3,400 | +0.4% |
| Tax-exempt reserves | 132 | €25,246 | €25,246 | = | 0.0% |
| Distributable reserves | 133 | €773,073 | €776,473 | +€3,400 | +0.4% |
| Profit (loss) carried forward | 14 | €1,758 | €2,001 | +€243 | +13.8% |
| Amounts payable | 17/49 | €76,078 | €55,112 | -€20,966 | -27.6% |
| Amounts payable within one year | 42/48 | €72,434 | €55,112 | -€17,322 | -23.9% |
| Trade debts | 44 | €14,056 | €6,204 | -€7,852 | -55.9% |
| Suppliers | 440/4 | €14,056 | €6,204 | -€7,852 | -55.9% |
| Advances received on contracts in progress | 46 | €7,255 | €7,158 | -€98 | -1.3% |
| Taxes, remuneration and social security | 45 | €29,193 | €18,607 | -€10,586 | -36.3% |
| Taxes | 450/3 | €17,152 | €5,782 | -€11,370 | -66.3% |
| Remuneration and social security | 454/9 | €12,041 | €12,825 | +€784 | +6.5% |
| Other amounts payable | 47/48 | €21,931 | €23,144 | +€1,213 | +5.5% |
| Accrued charges and deferred income | 492/3 | €3,644 | €0 | -€3,644 | -100.0% |
| Remuneration, social security and pensions | 62 | €97,247 | €113,168 | +€15,921 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,388 | €70,306 | +€4,918 | +7.5% |
| Other operating charges | 640/8 | €8,122 | €6,631 | -€1,491 | -18.4% |
| Gross operating margin | 9900 | €382,732 | €388,381 | +€5,649 | +1.5% |
| Operating profit (loss) | 9901 | €211,975 | €198,276 | -€13,699 | -6.5% |
| Financial income | 75/76B | €1,016 | €621 | -€396 | -38.9% |
| Recurring financial income | 75 | €1,016 | €621 | -€396 | -38.9% |
| Financial charges | 65/66B | €4,115 | €4,102 | -€14 | -0.3% |
| Recurring financial charges | 65 | €4,115 | €4,102 | -€14 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €208,876 | €194,795 | -€14,081 | -6.7% |
| Income taxes | 67/77 | €69,192 | €64,553 | -€4,639 | -6.7% |
| Profit (loss) for the period | 9904 | €139,684 | €130,243 | -€9,442 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,684 | €130,243 | -€9,442 | -6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.