Schurmans: 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.
Schurmans
Largest movements
- Cash -€469,420
down €469,420 (-29.8%), from €1.6m to €1.1m
mainly Contributions, distributions and other (-€550,000) and Current investments (-€412,847)
- Current investments +€412,847
up €412,847 (+18.7%), from €2.2m to €2.6m
- Other debts -€70,218
down €70,218 (-44.9%), from €156,559 to €86,341
- Reserves +€52,009
up €52,009 (+1.5%), from €3.5m to €3.6m
of which Distributable reserves: +€52,009
- Gross operating margin +€165,481
up €165,481 (+24.7%), from €669,056 to €834,537
- Taxes +€51,866
up €51,866 (+23.0%), from €225,609 to €277,475
- Financial income -€24,164
down €24,164 (-30.0%), from €80,675 to €56,510
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 | €3,794,335 | €3,739,899 | -€54,436 | -1.4% |
| Fixed assets | 21/28 | €3,127 | €2,440 | -€687 | -22.0% |
| Tangible fixed assets | 22/27 | €3,127 | €2,440 | -€687 | -22.0% |
| Land and buildings | 22 | €3,127 | €2,440 | -€687 | -22.0% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €3,791,208 | €3,737,459 | -€53,749 | -1.4% |
| Amounts receivable within one year | 40/41 | - | €4,957 | +€4,957 | |
| Other amounts receivable | 41 | - | €4,957 | +€4,957 | |
| Current investments | 50/53 | €2,212,503 | €2,625,349 | +€412,847 | +18.7% |
| Cash at bank and in hand | 54/58 | €1,575,920 | €1,106,500 | -€469,420 | -29.8% |
| Deferred charges and accrued income | 490/1 | €2,786 | €652 | -€2,133 | -76.6% |
| Total equity and liabilities | 10/49 | €3,794,335 | €3,739,899 | -€54,436 | -1.4% |
| Equity | 10/15 | €3,585,578 | €3,637,587 | +€52,009 | +1.5% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €3,520,578 | €3,572,587 | +€52,009 | +1.5% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €3,514,078 | €3,566,087 | +€52,009 | +1.5% |
| Amounts payable | 17/49 | €208,757 | €102,312 | -€106,445 | -51.0% |
| Amounts payable within one year | 42/48 | €208,757 | €102,312 | -€106,445 | -51.0% |
| Trade debts | 44 | €2,919 | €3,471 | +€552 | +18.9% |
| Suppliers | 440/4 | €2,919 | €3,471 | +€552 | +18.9% |
| Taxes, remuneration and social security | 45 | €49,279 | €12,500 | -€36,779 | -74.6% |
| Taxes | 450/3 | €49,279 | €12,500 | -€36,779 | -74.6% |
| Other amounts payable | 47/48 | €156,559 | €86,341 | -€70,218 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €932 | €687 | -€245 | -26.3% |
| Other operating charges | 640/8 | €837 | €1,756 | +€919 | +109.8% |
| Gross operating margin | 9900 | €669,056 | €834,537 | +€165,481 | +24.7% |
| Operating profit (loss) | 9901 | €667,287 | €832,094 | +€164,807 | +24.7% |
| Financial income | 75/76B | €80,675 | €56,510 | -€24,164 | -30.0% |
| Recurring financial income | 75 | €80,675 | €56,510 | -€24,164 | -30.0% |
| Financial charges | 65/66B | €8,946 | €9,120 | +€174 | +1.9% |
| Recurring financial charges | 65 | €8,946 | €9,120 | +€174 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €739,015 | €879,484 | +€140,470 | +19.0% |
| Income taxes | 67/77 | €225,609 | €277,475 | +€51,866 | +23.0% |
| Profit (loss) for the period | 9904 | €513,405 | €602,009 | +€88,604 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €513,405 | €602,009 | +€88,604 | +17.3% |
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 8 October 2026 via checked.be.