SCHURANT: 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.
SCHURANT
Largest movements
- Tangible fixed assets -€31,288
down €31,288 (-4.4%), from €706,400 to €675,112
of which Land and buildings: -€34,649
- Cash -€19,833
down €19,833 (-32.1%), from €61,801 to €41,968
mainly Receivables after one year (-€16,131) and Current investments (-€14,000)
- Receivables after one year +€16,131
new in 2025: €16,131
- Current investments +€14,000
up €14,000 (+22.8%), from €61,531 to €75,531
- Reserves -€19,893
down €19,893 (-4.2%), from €476,213 to €456,320
of which Tax-exempt reserves: -€19,893
- Profit (loss) carried forward +€11,413
up €11,413 (+18.4%), from €62,025 to €73,438
- Gross operating margin +€3,412
up €3,412 (+13.1%), from €26,146 to €29,558
- Depreciation +€749
up €749 (+2.1%), from €36,169 to €36,918
- Other operating charges +€571
up €571 (+14.5%), from €3,925 to €4,496
- Taxes +€382
up €382 (+11.7%), from €3,265 to €3,647
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 | €843,242 | €825,762 | -€17,480 | -2.1% |
| Fixed assets | 21/28 | €706,400 | €675,112 | -€31,288 | -4.4% |
| Tangible fixed assets | 22/27 | €706,400 | €675,112 | -€31,288 | -4.4% |
| Land and buildings | 22 | €692,372 | €657,723 | -€34,649 | -5.0% |
| Plant, machinery and equipment | 23 | €13,662 | €17,062 | +€3,401 | +24.9% |
| Furniture and vehicles | 24 | €366 | €327 | -€39 | -10.7% |
| Current assets | 29/58 | €136,842 | €150,650 | +€13,808 | +10.1% |
| Amounts receivable after more than one year | 29 | - | €16,131 | +€16,131 | |
| Other amounts receivable | 291 | - | €16,131 | +€16,131 | |
| Amounts receivable within one year | 40/41 | €3,596 | - | -€3,596 | |
| Trade receivables | 40 | €2,261 | - | -€2,261 | |
| Other amounts receivable | 41 | €1,335 | - | -€1,335 | |
| Current investments | 50/53 | €61,531 | €75,531 | +€14,000 | +22.8% |
| Cash at bank and in hand | 54/58 | €61,801 | €41,968 | -€19,833 | -32.1% |
| Deferred charges and accrued income | 490/1 | €9,913 | €17,020 | +€7,107 | +71.7% |
| Total equity and liabilities | 10/49 | €843,242 | €825,762 | -€17,480 | -2.1% |
| Equity | 10/15 | €762,238 | €753,758 | -€8,480 | -1.1% |
| Contributions | 10/11 | €224,000 | €224,000 | = | 0.0% |
| Capital | 10 | €224,000 | €224,000 | = | 0.0% |
| Issued capital | 100 | €224,000 | €224,000 | = | 0.0% |
| Reserves | 13 | €476,213 | €456,320 | -€19,893 | -4.2% |
| Non-distributable reserves | 130/1 | €22,400 | €22,400 | = | 0.0% |
| Legal reserve | 130 | €22,400 | €22,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €228,813 | €208,920 | -€19,893 | -8.7% |
| Distributable reserves | 133 | €225,000 | €225,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,025 | €73,438 | +€11,413 | +18.4% |
| Provisions and deferred taxes | 16 | €76,271 | €69,640 | -€6,631 | -8.7% |
| Deferred taxes | 168 | €76,271 | €69,640 | -€6,631 | -8.7% |
| Amounts payable | 17/49 | €4,733 | €2,364 | -€2,369 | -50.0% |
| Amounts payable within one year | 42/48 | €4,733 | €2,364 | -€2,369 | -50.0% |
| Trade debts | 44 | €2,736 | €312 | -€2,424 | -88.6% |
| Suppliers | 440/4 | €2,736 | €312 | -€2,424 | -88.6% |
| Taxes, remuneration and social security | 45 | €0 | €55 | +€55 | |
| Taxes | 450/3 | €0 | €55 | +€55 | |
| Other amounts payable | 47/48 | €1,997 | €1,997 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,169 | €36,918 | +€749 | +2.1% |
| Other operating charges | 640/8 | €3,925 | €4,496 | +€571 | +14.5% |
| Gross operating margin | 9900 | €26,146 | €29,558 | +€3,412 | +13.1% |
| Operating profit (loss) | 9901 | -€13,948 | -€11,855 | +€2,093 | +15.0% |
| Financial income | 75/76B | €333 | €436 | +€102 | +30.7% |
| Recurring financial income | 75 | €333 | €436 | +€102 | +30.7% |
| Financial charges | 65/66B | €43 | €45 | +€2 | +3.5% |
| Recurring financial charges | 65 | €43 | €45 | +€2 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,658 | -€11,464 | +€2,194 | +16.1% |
| Transfer from deferred taxes | 780 | €6,631 | €6,631 | = | 0.0% |
| Income taxes | 67/77 | €3,265 | €3,647 | +€382 | +11.7% |
| Profit (loss) for the period | 9904 | -€10,291 | -€8,480 | +€1,811 | +17.6% |
| Transfer from tax-exempt reserves | 789 | €19,893 | €19,893 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,602 | €11,413 | +€1,811 | +18.9% |
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 5 October 2026 via checked.be.