SCHÜTZ: 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.
SCHÜTZ
Largest movements
- Cash +€352,948
up €352,948 (+115.2%), from €306,266 to €659,214
mainly Net result for the year (+€269,652) and Trade debts (+€86,202)
- Receivables within one year +€43,887
up €43,887 (+7.6%), from €580,932 to €624,818
of which Trade receivables: +€46,536
- Tangible fixed assets -€26,919
down €26,919 (-28.7%), from €93,784 to €66,865
of which Furniture and vehicles: -€25,248
- Profit (loss) carried forward +€143,352
up €143,352 (+103.4%), from €138,663 to €282,015
- Reserves +€126,300
up €126,300 (+26.8%), from €471,211 to €597,511
of which Tax-exempt reserves: +€126,300
- Trade debts +€86,202
up €86,202 (+66.1%), from €130,387 to €216,588
- Other debts +€32,243
up €32,243 (+233.4%), from €13,813 to €46,056
- Tax, wage and social debts -€31,388
down €31,388 (-28.7%), from €109,458 to €78,070
of which Taxes: -€19,923
- Gross operating margin +€224,494
up €224,494 (+36.1%), from €621,878 to €846,373
- Staff costs +€52,318
up €52,318 (+13.6%), from €385,346 to €437,664
- Taxes +€43,315
up €43,315 (+106.9%), from €40,506 to €83,821
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 | €1,431,419 | €1,809,020 | +€377,601 | +26.4% |
| Fixed assets | 21/28 | €93,784 | €66,865 | -€26,919 | -28.7% |
| Tangible fixed assets | 22/27 | €93,784 | €66,865 | -€26,919 | -28.7% |
| Plant, machinery and equipment | 23 | €5,624 | €3,953 | -€1,671 | -29.7% |
| Furniture and vehicles | 24 | €88,160 | €62,912 | -€25,248 | -28.6% |
| Current assets | 29/58 | €1,337,635 | €1,742,156 | +€404,521 | +30.2% |
| Stocks and contracts in progress | 3 | €435,619 | €442,117 | +€6,498 | +1.5% |
| Stocks | 30/36 | €435,619 | €442,117 | +€6,498 | +1.5% |
| Amounts receivable within one year | 40/41 | €580,932 | €624,818 | +€43,887 | +7.6% |
| Trade receivables | 40 | €577,447 | €623,983 | +€46,536 | +8.1% |
| Other amounts receivable | 41 | €3,484 | €836 | -€2,649 | -76.0% |
| Cash at bank and in hand | 54/58 | €306,266 | €659,214 | +€352,948 | +115.2% |
| Deferred charges and accrued income | 490/1 | €14,818 | €16,007 | +€1,189 | +8.0% |
| Total equity and liabilities | 10/49 | €1,431,419 | €1,809,020 | +€377,601 | +26.4% |
| Equity | 10/15 | €629,874 | €899,526 | +€269,652 | +42.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €471,211 | €597,511 | +€126,300 | +26.8% |
| Tax-exempt reserves | 132 | - | €126,300 | +€126,300 | |
| Distributable reserves | 133 | €471,211 | €471,211 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,663 | €282,015 | +€143,352 | +103.4% |
| Amounts payable | 17/49 | €801,545 | €909,494 | +€107,949 | +13.5% |
| Amounts payable after more than one year | 17 | €496,880 | €526,665 | +€29,785 | +6.0% |
| Other amounts payable | 178/9 | €496,880 | €526,665 | +€29,785 | +6.0% |
| Amounts payable within one year | 42/48 | €261,213 | €345,945 | +€84,732 | +32.4% |
| Trade debts | 44 | €130,387 | €216,588 | +€86,202 | +66.1% |
| Suppliers | 440/4 | €130,387 | €216,588 | +€86,202 | +66.1% |
| Advances received on contracts in progress | 46 | €7,555 | €5,231 | -€2,325 | -30.8% |
| Taxes, remuneration and social security | 45 | €109,458 | €78,070 | -€31,388 | -28.7% |
| Taxes | 450/3 | €63,912 | €43,989 | -€19,923 | -31.2% |
| Remuneration and social security | 454/9 | €45,546 | €34,081 | -€11,465 | -25.2% |
| Other amounts payable | 47/48 | €13,813 | €46,056 | +€32,243 | +233.4% |
| Accrued charges and deferred income | 492/3 | €43,451 | €36,884 | -€6,568 | -15.1% |
| Remuneration, social security and pensions | 62 | €385,346 | €437,664 | +€52,318 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,275 | €26,919 | +€2,644 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,807 | -€39 | +€4,768 | +99.2% |
| Other operating charges | 640/8 | €10,613 | €8,511 | -€2,102 | -19.8% |
| Gross operating margin | 9900 | €621,878 | €846,373 | +€224,494 | +36.1% |
| Operating profit (loss) | 9901 | €206,451 | €373,318 | +€166,866 | +80.8% |
| Financial income | 75/76B | €21,470 | €20,729 | -€741 | -3.5% |
| Recurring financial income | 75 | €21,470 | €20,729 | -€741 | -3.5% |
| Financial charges | 65/66B | €47,129 | €40,574 | -€6,554 | -13.9% |
| Recurring financial charges | 65 | €47,129 | €40,574 | -€6,554 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €180,793 | €353,473 | +€172,680 | +95.5% |
| Income taxes | 67/77 | €40,506 | €83,821 | +€43,315 | +106.9% |
| Profit (loss) for the period | 9904 | €140,287 | €269,652 | +€129,365 | +92.2% |
| Transfer to tax-exempt reserves | 689 | - | €126,300 | +€126,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,287 | €143,352 | +€3,065 | +2.2% |
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 12 October 2026 via checked.be.