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
- Stocks and contracts +€19,053
up €19,053 (+31.6%), from €60,334 to €79,387
- Receivables within one year +€14,933
up €14,933 (+26.8%), from €55,812 to €70,745
of which Trade receivables: +€14,933
- Tangible fixed assets -€10,578
down €10,578 (-25.8%), from €41,047 to €30,469
of which Furniture and vehicles: -€12,416
- Cash +€8,555
up €8,555 (+29.9%), from €28,575 to €37,130
mainly Debts after one year (+€132,596) and Net result for the year (+€50,554)
- Short-term financial debts -€175,000
no longer reported in 2025 (was €175,000)
- Debts after one year +€132,596
up €132,596 (+2263.6%), from €5,858 to €138,453
- Profit (loss) carried forward +€50,554
up €50,554 (+17.4%), from -€289,783 to -€239,229
- Current portion of long-term debt +€29,974
up €29,974 (+463.6%), from €6,466 to €36,440
- Other debts -€22,044
down €22,044 (-7.0%), from €315,242 to €293,199
- Gross operating margin +€71,737
up €71,737 (+350.1%), from €20,491 to €92,227
- Financial charges +€4,879
up €4,879 (+30.6%), from €15,969 to €20,848
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 | €360,769 | €392,731 | +€31,962 | +8.9% |
| Fixed assets | 21/28 | €216,047 | €205,469 | -€10,578 | -4.9% |
| Tangible fixed assets | 22/27 | €41,047 | €30,469 | -€10,578 | -25.8% |
| Land and buildings | 22 | €79 | - | -€79 | |
| Plant, machinery and equipment | 23 | €3,748 | €5,664 | +€1,916 | +51.1% |
| Furniture and vehicles | 24 | €37,221 | €24,806 | -€12,416 | -33.4% |
| Financial fixed assets | 28 | €175,000 | €175,000 | = | 0.0% |
| Current assets | 29/58 | €144,721 | €187,261 | +€42,540 | +29.4% |
| Stocks and contracts in progress | 3 | €60,334 | €79,387 | +€19,053 | +31.6% |
| Stocks | 30/36 | €60,334 | €79,387 | +€19,053 | +31.6% |
| Amounts receivable within one year | 40/41 | €55,812 | €70,745 | +€14,933 | +26.8% |
| Trade receivables | 40 | €55,677 | €70,610 | +€14,933 | +26.8% |
| Other amounts receivable | 41 | €135 | €135 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,575 | €37,130 | +€8,555 | +29.9% |
| Total equity and liabilities | 10/49 | €360,769 | €392,731 | +€31,962 | +8.9% |
| Equity | 10/15 | -€262,618 | -€212,064 | +€50,554 | +19.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €8,573 | €8,573 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,834 | €1,834 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,834 | €1,834 | = | 0.0% |
| Distributable reserves | 133 | €6,739 | €6,739 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€289,783 | -€239,229 | +€50,554 | +17.4% |
| Amounts payable | 17/49 | €623,387 | €604,795 | -€18,593 | -3.0% |
| Amounts payable after more than one year | 17 | €5,858 | €138,453 | +€132,596 | +2263.6% |
| Financial debts | 170/4 | €5,858 | €138,453 | +€132,596 | +2263.6% |
| Amounts payable within one year | 42/48 | €617,529 | €466,341 | -€151,188 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €6,466 | €36,440 | +€29,974 | +463.6% |
| Financial debts | 43 | €175,000 | - | -€175,000 | |
| Credit institutions | 430/8 | €175,000 | - | -€175,000 | |
| Trade debts | 44 | €111,367 | €120,290 | +€8,923 | +8.0% |
| Suppliers | 440/4 | €111,367 | €120,290 | +€8,923 | +8.0% |
| Taxes, remuneration and social security | 45 | €9,454 | €16,412 | +€6,958 | +73.6% |
| Taxes | 450/3 | €9,454 | €16,412 | +€6,958 | +73.6% |
| Other amounts payable | 47/48 | €315,242 | €293,199 | -€22,044 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,751 | €13,078 | +€328 | +2.6% |
| Other operating charges | 640/8 | €8,300 | €8,757 | +€456 | +5.5% |
| Gross operating margin | 9900 | €20,491 | €92,227 | +€71,737 | +350.1% |
| Operating profit (loss) | 9901 | -€560 | €70,392 | +€70,953 | |
| Financial income | 75/76B | €348 | €1,011 | +€662 | +190.0% |
| Recurring financial income | 75 | €348 | €1,011 | +€662 | +190.0% |
| Financial charges | 65/66B | €15,969 | €20,848 | +€4,879 | +30.6% |
| Recurring financial charges | 65 | €15,969 | €20,848 | +€4,879 | +30.6% |
| Profit (loss) for the period before taxes | 9903 | -€16,181 | €50,554 | +€66,736 | |
| Profit (loss) for the period | 9904 | -€16,181 | €50,554 | +€66,736 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,181 | €50,554 | +€66,736 |
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 30 September 2026 via checked.be.