SCHROE - THIJS: 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.
SCHROE - THIJS
Largest movements
- Stocks and contracts -€115,954
down €115,954 (-32.9%), from €352,032 to €236,077
- Tangible fixed assets -€59,756
down €59,756 (-15.7%), from €381,515 to €321,759
of which Land and buildings: -€46,180
- Receivables within one year +€43,530
up €43,530 (+75.7%), from €57,521 to €101,050
of which Trade receivables: +€25,256
- Cash -€9,725
down €9,725 (-14.6%), from €66,528 to €56,803
mainly Debts after one year (-€62,967) and Tax, wage and social debts (-€45,036)
- Debts after one year -€62,967
down €62,967 (-70.2%), from €89,648 to €26,681
of which Financial debts: -€54,180
- Tax, wage and social debts -€45,036
down €45,036 (-25.6%), from €175,793 to €130,757
of which Taxes: -€40,062
- Advances received -€20,999
no longer reported in 2025 (was €20,999)
- Reserves -€14,740
down €14,740 (-7.9%), from €186,569 to €171,828
- Trade debts +€9,898
up €9,898 (+7.9%), from €124,972 to €134,870
- Gross operating margin -€155,029
down €155,029 (-27.6%), from €562,261 to €407,232
- Taxes -€40,546
down €40,546 (-99.7%), from €40,676 to €129
- Staff costs -€18,501
down €18,501 (-5.1%), from €360,838 to €342,337
- Other operating charges +€9,149
up €9,149 (+144%), from €6,354 to €15,502
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 | €866,256 | €724,925 | -€141,330 | -16.3% |
| Fixed assets | 21/28 | €390,138 | €330,382 | -€59,756 | -15.3% |
| Tangible fixed assets | 22/27 | €381,515 | €321,759 | -€59,756 | -15.7% |
| Land and buildings | 22 | €327,506 | €281,326 | -€46,180 | -14.1% |
| Plant, machinery and equipment | 23 | €48,117 | €40,433 | -€7,684 | -16.0% |
| Furniture and vehicles | 24 | €5,893 | - | -€5,893 | |
| Financial fixed assets | 28 | €8,623 | €8,623 | = | 0.0% |
| Current assets | 29/58 | €476,118 | €394,544 | -€81,574 | -17.1% |
| Stocks and contracts in progress | 3 | €352,032 | €236,077 | -€115,954 | -32.9% |
| Stocks | 30/36 | €352,032 | €236,077 | -€115,954 | -32.9% |
| Amounts receivable within one year | 40/41 | €57,521 | €101,050 | +€43,530 | +75.7% |
| Trade receivables | 40 | €50,422 | €75,679 | +€25,256 | +50.1% |
| Other amounts receivable | 41 | €7,098 | €25,372 | +€18,273 | +257% |
| Cash at bank and in hand | 54/58 | €66,528 | €56,803 | -€9,725 | -14.6% |
| Deferred charges and accrued income | 490/1 | €37 | €613 | +€576 | +1,560% |
| Total equity and liabilities | 10/49 | €866,256 | €724,925 | -€141,330 | -16.3% |
| Equity | 10/15 | €342,766 | €328,026 | -€14,740 | -4.3% |
| Contributions | 10/11 | €156,197 | €156,197 | = | 0.0% |
| Reserves | 13 | €186,569 | €171,828 | -€14,740 | -7.9% |
| Distributable reserves | 133 | €186,569 | €171,828 | -€14,740 | -7.9% |
| Amounts payable | 17/49 | €523,489 | €396,900 | -€126,590 | -24.2% |
| Amounts payable after more than one year | 17 | €89,648 | €26,681 | -€62,967 | -70.2% |
| Financial debts | 170/4 | €54,180 | - | -€54,180 | |
| Trade debts | 175 | €35,468 | €26,681 | -€8,787 | -24.8% |
| Amounts payable within one year | 42/48 | €429,262 | €367,696 | -€61,566 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €103,655 | €99,216 | -€4,439 | -4.3% |
| Financial debts | 43 | €95 | - | -€95 | |
| Credit institutions | 430/8 | €95 | - | -€95 | |
| Trade debts | 44 | €124,972 | €134,870 | +€9,898 | +7.9% |
| Suppliers | 440/4 | €124,972 | €134,870 | +€9,898 | +7.9% |
| Advances received on contracts in progress | 46 | €20,999 | - | -€20,999 | |
| Taxes, remuneration and social security | 45 | €175,793 | €130,757 | -€45,036 | -25.6% |
| Taxes | 450/3 | €78,146 | €38,084 | -€40,062 | -51.3% |
| Remuneration and social security | 454/9 | €97,648 | €92,674 | -€4,974 | -5.1% |
| Other amounts payable | 47/48 | €3,748 | €2,853 | -€895 | -23.9% |
| Accrued charges and deferred income | 492/3 | €4,579 | €2,522 | -€2,057 | -44.9% |
| Remuneration, social security and pensions | 62 | €360,838 | €342,337 | -€18,501 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,886 | €57,383 | -€4,504 | -7.3% |
| Other operating charges | 640/8 | €6,354 | €15,502 | +€9,149 | +144% |
| Gross operating margin | 9900 | €562,261 | €407,232 | -€155,029 | -27.6% |
| Operating profit (loss) | 9901 | €133,182 | -€7,990 | -€141,172 | |
| Financial income | 75/76B | €5,959 | €7,734 | +€1,774 | +29.8% |
| Recurring financial income | 75 | €5,959 | €7,734 | +€1,774 | +29.8% |
| Financial charges | 65/66B | €18,566 | €14,355 | -€4,212 | -22.7% |
| Recurring financial charges | 65 | €18,566 | €14,355 | -€4,212 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €120,575 | -€14,611 | -€135,186 | |
| Income taxes | 67/77 | €40,676 | €129 | -€40,546 | -99.7% |
| Profit (loss) for the period | 9904 | €79,899 | -€14,740 | -€94,640 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,899 | -€14,740 | -€94,640 |
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 17 October 2026 via checked.be.