SCHULZ Benelux: 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.
SCHULZ Benelux
Largest movements
- Receivables within one year +€371,935
up €371,935 (+58.2%), from €639,343 to €1.0m
of which Trade receivables: +€371,535
- Cash -€102,331
down €102,331 (-10.5%), from €973,998 to €871,666
mainly Receivables within one year (-€371,935) and Contributions, distributions and other (-€269,092)
- Stocks and contracts +€47,076
up €47,076 (+265.8%), from €17,708 to €64,784
- Trade debts +€525,872
up €525,872 (+302.7%), from €173,714 to €699,586
- Other debts -€154,548
down €154,548 (-36.5%), from €423,639 to €269,092
- Reserves -€128,819
down €128,819 (-23.8%), from €540,344 to €411,526
of which Distributable reserves: -€128,819
- Tax, wage and social debts +€83,927
up €83,927 (+73.6%), from €114,013 to €197,939
of which Taxes: +€83,584
- Gross operating margin -€42,092
down €42,092 (-7.5%), from €560,993 to €518,901
- Taxes -€16,621
down €16,621 (-28.4%), from €58,515 to €41,893
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 | €1,634,532 | €1,959,262 | +€324,729 | +19.9% |
| Fixed assets | 21/28 | €1,188 | €2,209 | +€1,021 | +86.0% |
| Tangible fixed assets | 22/27 | €1,188 | €2,209 | +€1,021 | +86.0% |
| Plant, machinery and equipment | 23 | €1,188 | €2,209 | +€1,021 | +86.0% |
| Current assets | 29/58 | €1,633,345 | €1,957,053 | +€323,708 | +19.8% |
| Stocks and contracts in progress | 3 | €17,708 | €64,784 | +€47,076 | +265.8% |
| Stocks | 30/36 | €17,708 | €64,784 | +€47,076 | +265.8% |
| Amounts receivable within one year | 40/41 | €639,343 | €1,011,277 | +€371,935 | +58.2% |
| Trade receivables | 40 | €639,343 | €1,010,877 | +€371,535 | +58.1% |
| Other amounts receivable | 41 | €0 | €400 | +€400 | |
| Cash at bank and in hand | 54/58 | €973,998 | €871,666 | -€102,331 | -10.5% |
| Deferred charges and accrued income | 490/1 | €2,296 | €9,325 | +€7,029 | +306.1% |
| Total equity and liabilities | 10/49 | €1,634,532 | €1,959,262 | +€324,729 | +19.9% |
| Equity | 10/15 | €558,936 | €430,118 | -€128,819 | -23.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €540,344 | €411,526 | -€128,819 | -23.8% |
| Tax-exempt reserves | 132 | €28,429 | €28,429 | = | 0.0% |
| Distributable reserves | 133 | €511,915 | €383,096 | -€128,819 | -25.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €1,075,596 | €1,529,144 | +€453,548 | +42.2% |
| Amounts payable within one year | 42/48 | €979,798 | €1,430,142 | +€450,344 | +46.0% |
| Trade debts | 44 | €173,714 | €699,586 | +€525,872 | +302.7% |
| Suppliers | 440/4 | €173,714 | €699,586 | +€525,872 | +302.7% |
| Advances received on contracts in progress | 46 | €268,431 | €263,525 | -€4,907 | -1.8% |
| Taxes, remuneration and social security | 45 | €114,013 | €197,939 | +€83,927 | +73.6% |
| Taxes | 450/3 | €73,515 | €157,099 | +€83,584 | +113.7% |
| Remuneration and social security | 454/9 | €40,498 | €40,840 | +€342 | +0.8% |
| Other amounts payable | 47/48 | €423,639 | €269,092 | -€154,548 | -36.5% |
| Accrued charges and deferred income | 492/3 | €95,798 | €99,002 | +€3,204 | +3.3% |
| Non-recurring operating income | 76A | €1,258 | €0 | -€1,258 | -100.0% |
| Remuneration, social security and pensions | 62 | €322,896 | €326,390 | +€3,494 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €734 | €594 | -€140 | -19.1% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €69,475 | €0 | -€69,475 | -100.0% |
| Gross operating margin | 9900 | €560,993 | €518,901 | -€42,092 | -7.5% |
| Operating profit (loss) | 9901 | €166,919 | €190,918 | +€23,999 | +14.4% |
| Financial income | 75/76B | €63 | €0 | -€62 | -99.6% |
| Recurring financial income | 75 | €63 | €0 | -€62 | -99.6% |
| Financial charges | 65/66B | €5,538 | €8,752 | +€3,214 | +58.0% |
| Recurring financial charges | 65 | €5,538 | €8,752 | +€3,214 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €161,444 | €182,167 | +€20,723 | +12.8% |
| Income taxes | 67/77 | €58,515 | €41,893 | -€16,621 | -28.4% |
| Profit (loss) for the period | 9904 | €102,929 | €140,273 | +€37,344 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €102,929 | €140,273 | +€37,344 | +36.3% |
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.