SCHUTTERSHOF S: what changed
Two financial 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.
SCHUTTERSHOF S
Largest movements
- Tangible fixed assets +€5.1m
new in 2025: €5.1m
- Stocks and contracts -€571,002
no longer reported in 2025 (was €571,002)
- Receivables within one year -€195,725
down €195,725 (-100.0%), from €195,806 to €80
- Debts after one year +€3.8m
new in 2025: €3.8m
- Contributions +€1.3m
up €1.3m (+12730.7%), from €10,000 to €1.3m
- Short-term financial debts -€512,000
no longer reported in 2025 (was €512,000)
- Other debts -€235,118
down €235,118 (-90.2%), from €260,747 to €25,629
- Gross operating margin -€20,816
down €20,816, from €400 to -€20,416
- Depreciation +€11,315
up €11,315 (+858.2%), from €1,318 to €12,634
- Other operating charges +€1,413
up €1,413 (+364.8%), from €387 to €1,801
- Financial charges -€1,218
down €1,218 (-99.4%), from €1,225 to €7
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 | €785,136 | €5,151,717 | +€4.4m | +556.2% |
| Formation expenses | 20 | €139 | - | -€139 | |
| Fixed assets | 21/28 | - | €5,132,300 | +€5.1m | |
| Tangible fixed assets | 22/27 | - | €5,132,300 | +€5.1m | |
| Land and buildings | 22 | - | €5,132,300 | +€5.1m | |
| Current assets | 29/58 | €784,997 | €19,418 | -€765,579 | -97.5% |
| Stocks and contracts in progress | 3 | €571,002 | - | -€571,002 | |
| Stocks | 30/36 | €571,002 | - | -€571,002 | |
| Amounts receivable within one year | 40/41 | €195,806 | €80 | -€195,725 | -100.0% |
| Other amounts receivable | 41 | €195,806 | €80 | -€195,725 | -100.0% |
| Cash at bank and in hand | 54/58 | €18,189 | €11,704 | -€6,486 | -35.7% |
| Deferred charges and accrued income | 490/1 | - | €7,634 | +€7,634 | |
| Total equity and liabilities | 10/49 | €785,136 | €5,151,717 | +€4.4m | +556.2% |
| Equity | 10/15 | €7,469 | €1,258,180 | +€1.3m | +16745.9% |
| Contributions | 10/11 | €10,000 | €1,283,075 | +€1.3m | +12730.7% |
| Revaluation surpluses | 12 | - | €12,494 | +€12,494 | |
| Profit (loss) carried forward | 14 | -€2,531 | -€37,389 | -€34,858 | -1377.1% |
| Amounts payable | 17/49 | €777,667 | €3,893,537 | +€3.1m | +400.7% |
| Amounts payable after more than one year | 17 | - | €3,849,490 | +€3.8m | |
| Financial debts | 170/4 | - | €3,849,490 | +€3.8m | |
| Amounts payable within one year | 42/48 | €777,425 | €25,953 | -€751,472 | -96.7% |
| Financial debts | 43 | €512,000 | - | -€512,000 | |
| Credit institutions | 430/8 | €512,000 | - | -€512,000 | |
| Trade debts | 44 | €4,678 | €324 | -€4,354 | -93.1% |
| Suppliers | 440/4 | €4,678 | €324 | -€4,354 | -93.1% |
| Other amounts payable | 47/48 | €260,747 | €25,629 | -€235,118 | -90.2% |
| Accrued charges and deferred income | 492/3 | €242 | €18,094 | +€17,852 | +7376.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,318 | €12,634 | +€11,315 | +858.2% |
| Other operating charges | 640/8 | €387 | €1,801 | +€1,413 | +364.8% |
| Gross operating margin | 9900 | €400 | -€20,416 | -€20,816 | |
| Operating profit (loss) | 9901 | -€1,306 | -€34,851 | -€33,545 | -2568.5% |
| Financial charges | 65/66B | €1,225 | €7 | -€1,218 | -99.4% |
| Recurring financial charges | 65 | €1,225 | €7 | -€1,218 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,531 | -€34,858 | -€32,327 | -1277.1% |
| Profit (loss) for the period | 9904 | -€2,531 | -€34,858 | -€32,327 | -1277.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,531 | -€34,858 | -€32,327 | -1277.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.