SCHULZEN: 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.
SCHULZEN
Largest movements
- Cash -€130,609
down €130,609 (-24.3%), from €537,128 to €406,519
mainly Investment in fixed assets (net) (-€119,979) and Other debts (-€26,428)
- Tangible fixed assets +€83,178
up €83,178 (+37.2%), from €223,554 to €306,732
of which Land and buildings: +€103,345
- Other debts -€26,428
down €26,428 (-98.9%), from €26,733 to €304
- Profit (loss) carried forward -€20,931
down €20,931 (-4.7%), from €447,172 to €426,241
- Gross operating margin -€16,003
down €16,003 (-39.6%), from €40,385 to €24,382
- Financial income +€2,189
up €2,189 (+470%), from €466 to €2,654
- Depreciation -€933
down €933 (-2.5%), from €37,733 to €36,801
- Other operating charges -€589
down €589 (-5.1%), from €11,570 to €10,980
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 | €1,032,900 | €985,644 | -€47,257 | -4.6% |
| Fixed assets | 21/28 | €223,554 | €306,732 | +€83,178 | +37.2% |
| Tangible fixed assets | 22/27 | €223,554 | €306,732 | +€83,178 | +37.2% |
| Land and buildings | 22 | €115,925 | €219,269 | +€103,345 | +89.1% |
| Plant, machinery and equipment | 23 | €88,275 | €75,319 | -€12,955 | -14.7% |
| Furniture and vehicles | 24 | €19,355 | €12,144 | -€7,211 | -37.3% |
| Current assets | 29/58 | €809,346 | €678,911 | -€130,434 | -16.1% |
| Amounts receivable within one year | 40/41 | €265,012 | €265,674 | +€662 | +0.2% |
| Trade receivables | 40 | €2,680 | €3,306 | +€625 | +23.3% |
| Other amounts receivable | 41 | €262,331 | €262,368 | +€37 | 0.0% |
| Cash at bank and in hand | 54/58 | €537,128 | €406,519 | -€130,609 | -24.3% |
| Deferred charges and accrued income | 490/1 | €7,206 | €6,718 | -€488 | -6.8% |
| Total equity and liabilities | 10/49 | €1,032,900 | €985,644 | -€47,257 | -4.6% |
| Equity | 10/15 | €1,003,072 | €981,720 | -€21,352 | -2.1% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €515,044 | €515,044 | = | 0.0% |
| Distributable reserves | 133 | €515,044 | €515,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | €447,172 | €426,241 | -€20,931 | -4.7% |
| Investment grants | 15 | €855 | €435 | -€421 | -49.2% |
| Amounts payable | 17/49 | €29,828 | €3,923 | -€25,905 | -86.8% |
| Amounts payable within one year | 42/48 | €29,828 | €3,923 | -€25,905 | -86.8% |
| Trade debts | 44 | €3,095 | €2,525 | -€570 | -18.4% |
| Suppliers | 440/4 | €3,095 | €2,525 | -€570 | -18.4% |
| Taxes, remuneration and social security | 45 | - | €1,094 | +€1,094 | |
| Taxes | 450/3 | - | €1,094 | +€1,094 | |
| Other amounts payable | 47/48 | €26,733 | €304 | -€26,428 | -98.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,733 | €36,801 | -€933 | -2.5% |
| Other operating charges | 640/8 | €11,570 | €10,980 | -€589 | -5.1% |
| Gross operating margin | 9900 | €40,385 | €24,382 | -€16,003 | -39.6% |
| Operating profit (loss) | 9901 | -€8,918 | -€23,399 | -€14,481 | -162% |
| Financial income | 75/76B | €466 | €2,654 | +€2,189 | +470% |
| Recurring financial income | 75 | €466 | €2,654 | +€2,189 | +470% |
| Financial charges | 65/66B | €321 | €186 | -€134 | -41.8% |
| Recurring financial charges | 65 | €321 | €186 | -€134 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,773 | -€20,931 | -€12,158 | -139% |
| Profit (loss) for the period | 9904 | -€8,773 | -€20,931 | -€12,158 | -139% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,773 | -€20,931 | -€12,158 | -139% |
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 14 October 2026 via checked.be.