SCHUTYSER: 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.
SCHUTYSER
Largest movements
- Current investments +€80,000
up €80,000 (+66.7%), from €120,000 to €200,000
- Cash +€21,247
up €21,247 (+42.0%), from €50,583 to €71,830
mainly Net result for the year (+€94,613) and Trade debts (+€5,597)
- Stocks and contracts +€4,076
up €4,076 (+26.1%), from €15,594 to €19,670
- Reserves +€94,613
up €94,613 (+67.6%), from €139,886 to €234,500
- Trade debts +€5,597
up €5,597 (+29.1%), from €19,217 to €24,814
- Gross operating margin +€47,606
up €47,606 (+50.3%), from €94,603 to €142,209
- Taxes +€14,942
up €14,942 (+48.2%), from €31,003 to €45,945
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.
Derived cash bridge
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 | €198,847 | €300,252 | +€101,406 | +51.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €6,250 | €4,018 | -€2,231 | -35.7% |
| Tangible fixed assets | 22/27 | €2,231 | €0 | -€2,231 | -100% |
| Plant, machinery and equipment | 23 | €2,231 | €0 | -€2,231 | -100% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Financial fixed assets | 28 | €4,018 | €4,018 | = | 0.0% |
| Current assets | 29/58 | €192,597 | €296,234 | +€103,637 | +53.8% |
| Stocks and contracts in progress | 3 | €15,594 | €19,670 | +€4,076 | +26.1% |
| Stocks | 30/36 | €15,594 | €19,670 | +€4,076 | +26.1% |
| Amounts receivable within one year | 40/41 | €1,898 | €2,219 | +€321 | +16.9% |
| Other amounts receivable | 41 | €1,898 | €2,219 | +€321 | +16.9% |
| Current investments | 50/53 | €120,000 | €200,000 | +€80,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €50,583 | €71,830 | +€21,247 | +42.0% |
| Deferred charges and accrued income | 490/1 | €4,523 | €2,516 | -€2,007 | -44.4% |
| Total equity and liabilities | 10/49 | €198,847 | €300,252 | +€101,406 | +51.0% |
| Equity | 10/15 | €152,287 | €246,900 | +€94,613 | +62.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €139,886 | €234,500 | +€94,613 | +67.6% |
| Distributable reserves | 133 | €139,886 | €234,500 | +€94,613 | +67.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €46,560 | €53,352 | +€6,793 | +14.6% |
| Amounts payable within one year | 42/48 | €46,560 | €53,352 | +€6,793 | +14.6% |
| Trade debts | 44 | €19,217 | €24,814 | +€5,597 | +29.1% |
| Suppliers | 440/4 | €19,217 | €24,814 | +€5,597 | +29.1% |
| Taxes, remuneration and social security | 45 | €26,627 | €27,447 | +€819 | +3.1% |
| Taxes | 450/3 | €25,127 | €25,947 | +€819 | +3.3% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €715 | €1,091 | +€376 | +52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,172 | €13 | -€1,160 | -98.9% |
| Other operating charges | 640/8 | €731 | €688 | -€44 | -5.9% |
| Non-recurring operating charges | 66A | - | €1,852 | +€1,852 | |
| Gross operating margin | 9900 | €94,603 | €142,209 | +€47,606 | +50.3% |
| Operating profit (loss) | 9901 | €92,699 | €139,656 | +€46,957 | +50.7% |
| Financial income | 75/76B | €2,178 | €2,438 | +€260 | +11.9% |
| Recurring financial income | 75 | €2,178 | €2,438 | +€260 | +11.9% |
| Financial charges | 65/66B | €1,201 | €1,537 | +€336 | +28.0% |
| Recurring financial charges | 65 | €1,201 | €1,537 | +€336 | +28.0% |
| Profit (loss) for the period before taxes | 9903 | €93,677 | €140,558 | +€46,881 | +50.0% |
| Income taxes | 67/77 | €31,003 | €45,945 | +€14,942 | +48.2% |
| Profit (loss) for the period | 9904 | €62,674 | €94,613 | +€31,939 | +51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €62,674 | €94,613 | +€31,939 | +51.0% |
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 17 October 2026 via checked.be.