SCHUERMANS C.: 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.
SCHUERMANS C.
Largest movements
- Cash -€74,505
down €74,505 (-24.9%), from €298,781 to €224,276
mainly Contributions, distributions and other (-€159,859) and Receivables within one year (-€32,236)
- Receivables within one year +€32,236
up €32,236 (+183.3%), from €17,582 to €49,818
of which Trade receivables: +€41,517
- Deferred charges and accrued income -€10,828
down €10,828 (-60.7%), from €17,825 to €6,997
- Tangible fixed assets -€10,017
down €10,017 (-26.7%), from €37,538 to €27,521
- Reserves -€103,630
down €103,630 (-25.3%), from €408,907 to €305,277
- Other debts +€25,027
up €25,027 (+19.7%), from €126,839 to €151,866
- Tax, wage and social debts +€9,343
up €9,343 (+57.4%), from €16,289 to €25,632
of which Taxes: +€10,343
- Profit (loss) carried forward +€8,071
up €8,071, from -€8,071 to €0
- Short-term financial debts -€7,843
down €7,843 (-100.0%), from €7,843 to €0
- Gross operating margin +€102,184
up €102,184, from -€4,126 to €98,058
- Taxes +€21,595
up €21,595, from €0 to €21,595
- Financial charges +€4,954
up €4,954, from -€1,926 to €3,029
- Financial income -€3,246
down €3,246 (-64.7%), from €5,014 to €1,768
of which Financial income: -€3,246
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 | €570,828 | €502,282 | -€68,546 | -12.0% |
| Fixed assets | 21/28 | €37,538 | €27,521 | -€10,017 | -26.7% |
| Tangible fixed assets | 22/27 | €37,538 | €27,521 | -€10,017 | -26.7% |
| Furniture and vehicles | 24 | €37,538 | €27,521 | -€10,017 | -26.7% |
| Current assets | 29/58 | €533,290 | €474,761 | -€58,528 | -11.0% |
| Amounts receivable within one year | 40/41 | €17,582 | €49,818 | +€32,236 | +183.3% |
| Trade receivables | 40 | €7,598 | €49,115 | +€41,517 | +546.4% |
| Other amounts receivable | 41 | €9,984 | €703 | -€9,281 | -93.0% |
| Current investments | 50/53 | €199,102 | €193,670 | -€5,432 | -2.7% |
| Cash at bank and in hand | 54/58 | €298,781 | €224,276 | -€74,505 | -24.9% |
| Deferred charges and accrued income | 490/1 | €17,825 | €6,997 | -€10,828 | -60.7% |
| Total equity and liabilities | 10/49 | €570,828 | €502,282 | -€68,546 | -12.0% |
| Equity | 10/15 | €419,436 | €323,877 | -€95,559 | -22.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €408,907 | €305,277 | -€103,630 | -25.3% |
| Distributable reserves | 133 | €408,907 | €305,277 | -€103,630 | -25.3% |
| Profit (loss) carried forward | 14 | -€8,071 | €0 | +€8,071 | |
| Amounts payable | 17/49 | €151,392 | €178,405 | +€27,013 | +17.8% |
| Amounts payable within one year | 42/48 | €151,392 | €178,405 | +€27,013 | +17.8% |
| Financial debts | 43 | €7,843 | €0 | -€7,843 | -100.0% |
| Credit institutions | 430/8 | €7,843 | €0 | -€7,843 | -100.0% |
| Trade debts | 44 | €420 | €907 | +€486 | +115.7% |
| Suppliers | 440/4 | €420 | €907 | +€486 | +115.7% |
| Taxes, remuneration and social security | 45 | €16,289 | €25,632 | +€9,343 | +57.4% |
| Taxes | 450/3 | €11,289 | €21,632 | +€10,343 | +91.6% |
| Remuneration and social security | 454/9 | €5,000 | €4,000 | -€1,000 | -20.0% |
| Other amounts payable | 47/48 | €126,839 | €151,866 | +€25,027 | +19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,017 | €10,017 | = | 0.0% |
| Other operating charges | 640/8 | €867 | €885 | +€18 | +2.1% |
| Gross operating margin | 9900 | -€4,126 | €98,058 | +€102,184 | |
| Operating profit (loss) | 9901 | -€15,010 | €87,155 | +€102,165 | |
| Financial income | 75/76B | €5,014 | €1,768 | -€3,246 | -64.7% |
| Recurring financial income | 75 | €5,014 | €1,768 | -€3,246 | -64.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | -€1,926 | €3,029 | +€4,954 | |
| Recurring financial charges | 65 | -€1,926 | €3,029 | +€4,954 | |
| Profit (loss) for the period before taxes | 9903 | -€8,071 | €85,895 | +€93,966 | |
| Income taxes | 67/77 | €0 | €21,595 | +€21,595 | |
| Profit (loss) for the period | 9904 | -€8,071 | €64,300 | +€72,371 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,071 | €64,300 | +€72,371 |
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 4 October 2026 via checked.be.