SCHUTZ FINANCES: 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.
What changed
SCHUTZ FINANCES
NACE 66.191, Agents and brokers in banking services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€909,483
2024 · €319,724+€589,759
Equity
€2.7m
2024 · €1.9m+€809,483
Cash
€554,632
2024 · €501,178+€53,454
Balance sheet total
€7.0m
2024 · €5.7m+€1.3m
Largest movements
Assets
- Receivables after one year +€669,328
up €669,328 (+69.7%), from €960,494 to €1.6m
- Financial fixed assets +€453,082
new in 2025: €453,082
- Tangible fixed assets +€349,656
up €349,656 (+12.9%), from €2.7m to €3.1m
of which Land and buildings: +€449,962
- Current investments -€120,000
down €120,000 (-12.0%), from €1.0m to €880,000
Equity and liabilities
- Profit (loss) carried forward +€957,683
up €957,683 (+76.0%), from €1.3m to €2.2m
- Debts after one year +€609,748
up €609,748 (+20.3%), from €3.0m to €3.6m
- Other debts -€204,345
down €204,345 (-85.9%), from €237,903 to €33,558
- Reserves -€148,200
down €148,200 (-23.5%), from €631,084 to €482,884
of which Distributable reserves: -€100,000
Income statement
- Gross operating margin +€365,592
up €365,592 (+24.5%), from €1.5m to €1.9m
- Financial income +€145,249
up €145,249 (+1,434%), from €10,131 to €155,380
- Taxes -€127,314
down €127,314 (-51.2%), from €248,740 to €121,426
- Staff costs +€92,349
up €92,349 (+24.6%), from €375,510 to €467,858
- Depreciation -€43,399
down €43,399 (-12.8%), from €339,703 to €296,304
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.
Result 2024
€319,724
Gross operating margin
+€365,592
Staff costs
-€92,349
Depreciation
+€43,399
Other operating charges
-€4,878
Other operating items
+€13,719
Financial income
+€145,249
Financial charges
-€40,261
Taxes
+€127,314
Deferred taxes and other
+€31,973
Result 2025
€909,483
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€352,950
Investment
-€938,042
Financing
+€638,546
Cash 2024
€501,178
From operations (derived)
+€352,950
Net result for the year
+€909,483
Depreciation
+€296,304
Receivables after one year
-€669,328
Receivables within one year
+€17,003
Deferred charges and accrued income
+€150
Provisions
-€16,067
Trade debts
+€31,928
Tax, wage and social debts
-€12,180
Other debts
-€204,345
Investment (derived)
-€938,042
Investment in fixed assets (net)
-€1.1m
Current investments
+€120,000
Financing
+€638,546
Debts after one year
+€609,748
Current portion of long-term debt
+€69,156
Short-term financial debts
+€59,641
Contributions, distributions and other
-€100,000
Cash 2025
€554,632
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,659,812 | €7,007,178 | +€1.3m | +23.8% |
| Fixed assets | 21/28 | €3,012,902 | €3,774,639 | +€761,737 | +25.3% |
| Intangible fixed assets | 21 | €293,833 | €252,833 | -€41,000 | -14.0% |
| Tangible fixed assets | 22/27 | €2,719,069 | €3,068,724 | +€349,656 | +12.9% |
| Land and buildings | 22 | €2,099,799 | €2,549,762 | +€449,962 | +21.4% |
| Plant, machinery and equipment | 23 | €300,025 | €281,686 | -€18,339 | -6.1% |
| Furniture and vehicles | 24 | €318,177 | €142,601 | -€175,576 | -55.2% |
| Other tangible fixed assets | 26 | €1,067 | €94,675 | +€93,608 | +8,771% |
| Financial fixed assets | 28 | - | €453,082 | +€453,082 | |
| Current assets | 29/58 | €2,646,911 | €3,232,539 | +€585,629 | +22.1% |
| Amounts receivable after more than one year | 29 | €960,494 | €1,629,821 | +€669,328 | +69.7% |
| Other amounts receivable | 291 | €960,494 | €1,629,821 | +€669,328 | +69.7% |
| Amounts receivable within one year | 40/41 | €182,682 | €165,679 | -€17,003 | -9.3% |
| Trade receivables | 40 | €171,998 | €165,429 | -€6,569 | -3.8% |
| Other amounts receivable | 41 | €10,684 | €250 | -€10,434 | -97.7% |
| Current investments | 50/53 | €1,000,000 | €880,000 | -€120,000 | -12.0% |
| Cash at bank and in hand | 54/58 | €501,178 | €554,632 | +€53,454 | +10.7% |
| Deferred charges and accrued income | 490/1 | €2,557 | €2,407 | -€150 | -5.9% |
| Total equity and liabilities | 10/49 | €5,659,812 | €7,007,178 | +€1.3m | +23.8% |
| Equity | 10/15 | €1,909,121 | €2,718,604 | +€809,483 | +42.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Share premium | 1100/10 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €631,084 | €482,884 | -€148,200 | -23.5% |
| Tax-exempt reserves | 132 | €481,084 | €432,884 | -€48,200 | -10.0% |
| Distributable reserves | 133 | €150,000 | €50,000 | -€100,000 | -66.7% |
| Profit (loss) carried forward | 14 | €1,259,437 | €2,217,120 | +€957,683 | +76.0% |
| Provisions and deferred taxes | 16 | €160,361 | €144,294 | -€16,067 | -10.0% |
| Deferred taxes | 168 | €160,361 | €144,294 | -€16,067 | -10.0% |
| Amounts payable | 17/49 | €3,590,331 | €4,144,280 | +€553,949 | +15.4% |
| Amounts payable after more than one year | 17 | €2,997,794 | €3,607,542 | +€609,748 | +20.3% |
| Financial debts | 170/4 | €2,997,794 | €3,607,542 | +€609,748 | +20.3% |
| Amounts payable within one year | 42/48 | €592,537 | €536,738 | -€55,799 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €205,321 | €274,478 | +€69,156 | +33.7% |
| Financial debts | 43 | €20,566 | €80,207 | +€59,641 | +290% |
| Credit institutions | 430/8 | €20,566 | €80,207 | +€59,641 | +290% |
| Trade debts | 44 | - | €31,928 | +€31,928 | |
| Suppliers | 440/4 | - | €31,928 | +€31,928 | |
| Taxes, remuneration and social security | 45 | €128,747 | €116,566 | -€12,180 | -9.5% |
| Taxes | 450/3 | €23,480 | €15,239 | -€8,241 | -35.1% |
| Remuneration and social security | 454/9 | €105,267 | €101,327 | -€3,940 | -3.7% |
| Other amounts payable | 47/48 | €237,903 | €33,558 | -€204,345 | -85.9% |
| Non-recurring operating income | 76A | €115,272 | €135,966 | +€20,694 | +18.0% |
| Remuneration, social security and pensions | 62 | €375,510 | €467,858 | +€92,349 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €339,703 | €296,304 | -€43,399 | -12.8% |
| Other operating charges | 640/8 | €110,926 | €115,804 | +€4,878 | +4.4% |
| Non-recurring operating charges | 66A | €13,759 | €40 | -€13,719 | -99.7% |
| Gross operating margin | 9900 | €1,489,887 | €1,855,479 | +€365,592 | +24.5% |
| Operating profit (loss) | 9901 | €649,990 | €975,473 | +€325,483 | +50.1% |
| Financial income | 75/76B | €10,131 | €155,380 | +€145,249 | +1,434% |
| Recurring financial income | 75 | €10,131 | €155,380 | +€145,249 | +1,434% |
| Financial charges | 65/66B | €75,749 | €116,010 | +€40,261 | +53.2% |
| Recurring financial charges | 65 | €75,749 | €101,545 | +€25,796 | +34.1% |
| Non-recurring financial charges | 66B | - | €14,465 | +€14,465 | |
| Profit (loss) for the period before taxes | 9903 | €584,371 | €1,014,843 | +€430,471 | +73.7% |
| Transfer from deferred taxes | 780 | €9,162 | €16,067 | +€6,905 | +75.4% |
| Transfer to deferred taxes | 680 | €25,068 | - | -€25,068 | |
| Income taxes | 67/77 | €248,740 | €121,426 | -€127,314 | -51.2% |
| Profit (loss) for the period | 9904 | €319,724 | €909,483 | +€589,759 | +184% |
| Transfer from tax-exempt reserves | 789 | €27,485 | €48,200 | +€20,715 | +75.4% |
| Transfer to tax-exempt reserves | 689 | €75,204 | - | -€75,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €272,006 | €957,683 | +€685,678 | +252% |
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 24 October 2026 via checked.be.