SCHURDEZ: 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.
SCHURDEZ
Largest movements
- Receivables within one year +€12,720
new in 2025: €12,720
of which Trade receivables: +€12,444
- Other debts +€56,566
up €56,566 (+51.2%), from €110,586 to €167,152
- Profit (loss) carried forward -€26,153
down €26,153 (-140.6%), from -€18,601 to -€44,753
- Debts after one year -€22,398
down €22,398 (-21.3%), from €105,213 to €82,815
- Gross operating margin -€29,427
down €29,427, from €13,916 to -€15,511
- Other operating charges -€1,717
down €1,717 (-83.3%), from €2,062 to €345
- Depreciation -€1,337
down €1,337 (-32.6%), from €4,097 to €2,760
- Financial charges -€853
down €853 (-10.3%), from €8,257 to €7,405
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 | €292,015 | €299,191 | +€7,176 | +2.5% |
| Fixed assets | 21/28 | €287,112 | €284,352 | -€2,760 | -1.0% |
| Tangible fixed assets | 22/27 | €5,612 | €2,852 | -€2,760 | -49.2% |
| Land and buildings | 22 | €1,073 | €734 | -€339 | -31.6% |
| Plant, machinery and equipment | 23 | €3,046 | €1,552 | -€1,494 | -49.1% |
| Furniture and vehicles | 24 | €1,493 | €566 | -€927 | -62.1% |
| Financial fixed assets | 28 | €281,500 | €281,500 | = | 0.0% |
| Current assets | 29/58 | €4,903 | €14,839 | +€9,936 | +202.7% |
| Amounts receivable within one year | 40/41 | - | €12,720 | +€12,720 | |
| Trade receivables | 40 | - | €12,444 | +€12,444 | |
| Other amounts receivable | 41 | - | €276 | +€276 | |
| Cash at bank and in hand | 54/58 | €4,149 | €1,838 | -€2,311 | -55.7% |
| Deferred charges and accrued income | 490/1 | €754 | €281 | -€472 | -62.7% |
| Total equity and liabilities | 10/49 | €292,015 | €299,191 | +€7,176 | +2.5% |
| Equity | 10/15 | €49,551 | €23,399 | -€26,153 | -52.8% |
| Reserves | 13 | €68,152 | €68,152 | = | 0.0% |
| Distributable reserves | 133 | €68,152 | €68,152 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,601 | -€44,753 | -€26,153 | -140.6% |
| Amounts payable | 17/49 | €242,464 | €275,793 | +€33,329 | +13.7% |
| Amounts payable after more than one year | 17 | €105,213 | €82,815 | -€22,398 | -21.3% |
| Financial debts | 170/4 | €105,213 | €82,815 | -€22,398 | -21.3% |
| Amounts payable within one year | 42/48 | €136,551 | €192,911 | +€56,360 | +41.3% |
| Current portion of amounts payable after more than one year | 42 | €21,361 | €22,398 | +€1,037 | +4.9% |
| Trade debts | 44 | €2,899 | €3,090 | +€191 | +6.6% |
| Suppliers | 440/4 | €2,899 | €3,090 | +€191 | +6.6% |
| Taxes, remuneration and social security | 45 | €1,706 | €272 | -€1,434 | -84.1% |
| Taxes | 450/3 | €1,706 | €272 | -€1,434 | -84.1% |
| Other amounts payable | 47/48 | €110,586 | €167,152 | +€56,566 | +51.2% |
| Accrued charges and deferred income | 492/3 | €700 | €67 | -€633 | -90.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,097 | €2,760 | -€1,337 | -32.6% |
| Other operating charges | 640/8 | €2,062 | €345 | -€1,717 | -83.3% |
| Gross operating margin | 9900 | €13,916 | -€15,511 | -€29,427 | |
| Operating profit (loss) | 9901 | €7,757 | -€18,616 | -€26,373 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €8,257 | €7,405 | -€853 | -10.3% |
| Recurring financial charges | 65 | €8,257 | €7,405 | -€853 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€498 | -€26,021 | -€25,523 | -5128.2% |
| Income taxes | 67/77 | €140 | €132 | -€8 | -5.4% |
| Profit (loss) for the period | 9904 | -€637 | -€26,153 | -€25,516 | -4004.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€637 | -€26,153 | -€25,516 | -4004.2% |
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.