Schuman Six: 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.
Schuman Six
Largest movements
- Cash -€2.2m
down €2.2m (-44.3%), from €5.0m to €2.8m
mainly Current portion of long-term debt (-€13.0m) and Net result for the year (-€480,175)
- Tangible fixed assets -€2.0m
down €2.0m (-4.8%), from €42.8m to €40.7m
of which Land and buildings: -€1.9m
- Current portion of long-term debt -€13.0m
down €13.0m (-100.0%), from €13.0m to €0
- Debts after one year +€9.0m
up €9.0m (+35.9%), from €25.2m to €34.2m
of which Financial debts: +€9.0m
- Accrued charges and deferred income +€587,092
up €587,092 (+69.2%), from €848,520 to €1.4m
- Financial charges -€124,775
down €124,775 (-6.5%), from €1.9m to €1.8m
- Other operating charges +€66,440
up €66,440 (+7.4%), from €893,807 to €960,247
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 | €50,326,814 | €46,359,391 | -€4.0m | -7.9% |
| Fixed assets | 21/28 | €42,755,149 | €40,710,929 | -€2.0m | -4.8% |
| Tangible fixed assets | 22/27 | €42,755,098 | €40,710,878 | -€2.0m | -4.8% |
| Land and buildings | 22 | €42,232,777 | €40,378,811 | -€1.9m | -4.4% |
| Plant, machinery and equipment | 23 | €522,321 | €332,067 | -€190,253 | -36.4% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €7,571,665 | €5,648,461 | -€1.9m | -25.4% |
| Amounts receivable within one year | 40/41 | €1,057,749 | €1,152,136 | +€94,387 | +8.9% |
| Trade receivables | 40 | €476,007 | €661,852 | +€185,846 | +39.0% |
| Other amounts receivable | 41 | €581,742 | €490,283 | -€91,459 | -15.7% |
| Cash at bank and in hand | 54/58 | €5,034,888 | €2,804,067 | -€2.2m | -44.3% |
| Deferred charges and accrued income | 490/1 | €1,479,028 | €1,692,259 | +€213,231 | +14.4% |
| Total equity and liabilities | 10/49 | €50,326,814 | €46,359,391 | -€4.0m | -7.9% |
| Equity | 10/15 | €11,153,706 | €10,673,531 | -€480,175 | -4.3% |
| Contributions | 10/11 | €16,565,000 | €16,565,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,411,294 | -€5,891,469 | -€480,175 | -8.9% |
| Amounts payable | 17/49 | €39,173,108 | €35,685,860 | -€3.5m | -8.9% |
| Amounts payable after more than one year | 17 | €25,202,619 | €34,241,284 | +€9.0m | +35.9% |
| Financial debts | 170/4 | €20,000,000 | €29,000,000 | +€9.0m | +45.0% |
| Other amounts payable | 178/9 | €5,202,619 | €5,241,284 | +€38,665 | +0.7% |
| Amounts payable within one year | 42/48 | €13,121,969 | €8,964 | -€13.1m | -99.9% |
| Current portion of amounts payable after more than one year | 42 | €13,000,000 | €0 | -€13.0m | -100.0% |
| Trade debts | 44 | €17,689 | €8,964 | -€8,725 | -49.3% |
| Suppliers | 440/4 | €17,689 | €8,964 | -€8,725 | -49.3% |
| Taxes, remuneration and social security | 45 | €104,280 | €0 | -€104,280 | -100.0% |
| Taxes | 450/3 | €104,280 | €0 | -€104,280 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €848,520 | €1,435,612 | +€587,092 | +69.2% |
| Non-recurring operating income | 76A | €256,527 | €152,908 | -€103,619 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,120,005 | €2,104,333 | -€15,671 | -0.7% |
| Other operating charges | 640/8 | €893,807 | €960,247 | +€66,440 | +7.4% |
| Gross operating margin | 9900 | €4,196,861 | €4,237,935 | +€41,073 | +1.0% |
| Operating profit (loss) | 9901 | €1,183,050 | €1,173,354 | -€9,696 | -0.8% |
| Financial income | 75/76B | €172,407 | €130,663 | -€41,744 | -24.2% |
| Recurring financial income | 75 | €172,407 | €130,663 | -€41,744 | -24.2% |
| Financial charges | 65/66B | €1,908,967 | €1,784,192 | -€124,775 | -6.5% |
| Recurring financial charges | 65 | €1,908,967 | €1,784,192 | -€124,775 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€553,510 | -€480,175 | +€73,335 | +13.2% |
| Profit (loss) for the period | 9904 | -€553,510 | -€480,175 | +€73,335 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€553,510 | -€480,175 | +€73,335 | +13.2% |
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 6 October 2026 via checked.be.