SCHWARTZ MANAGEMENT CONSULTANCY: 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.
SCHWARTZ MANAGEMENT CONSULTANCY
Largest movements
- Tangible fixed assets -€36,339
down €36,339 (-70.7%), from €51,392 to €15,053
- Cash +€20,280
up €20,280 (+27.5%), from €73,697 to €93,977
mainly Depreciation (+€36,339) and Net result for the year (+€5,596)
- Current portion of long-term debt -€19,722
down €19,722 (-74.3%), from €26,539 to €6,817
- Profit (loss) carried forward +€5,596
up €5,596 (+7.3%), from €76,916 to €82,512
- Other debts -€1,988
down €1,988 (-89.9%), from €2,211 to €223
- Gross operating margin -€5,099
down €5,099 (-9.7%), from €52,358 to €47,259
- Depreciation -€4,252
down €4,252 (-10.5%), from €40,591 to €36,339
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 | €133,365 | €116,386 | -€16,979 | -12.7% |
| Fixed assets | 21/28 | €51,392 | €15,053 | -€36,339 | -70.7% |
| Tangible fixed assets | 22/27 | €51,392 | €15,053 | -€36,339 | -70.7% |
| Land and buildings | 22 | €51,392 | €15,053 | -€36,339 | -70.7% |
| Current assets | 29/58 | €81,973 | €101,333 | +€19,360 | +23.6% |
| Amounts receivable within one year | 40/41 | €8,276 | €7,357 | -€920 | -11.1% |
| Trade receivables | 40 | €8,276 | €7,357 | -€920 | -11.1% |
| Cash at bank and in hand | 54/58 | €73,697 | €93,977 | +€20,280 | +27.5% |
| Total equity and liabilities | 10/49 | €133,365 | €116,386 | -€16,979 | -12.7% |
| Equity | 10/15 | €91,176 | €96,772 | +€5,596 | +6.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,916 | €82,512 | +€5,596 | +7.3% |
| Amounts payable | 17/49 | €42,189 | €19,614 | -€22,575 | -53.5% |
| Amounts payable within one year | 42/48 | €42,189 | €19,614 | -€22,575 | -53.5% |
| Current portion of amounts payable after more than one year | 42 | €26,539 | €6,817 | -€19,722 | -74.3% |
| Trade debts | 44 | €1,720 | €1,771 | +€52 | +3.0% |
| Suppliers | 440/4 | €1,720 | €1,771 | +€52 | +3.0% |
| Taxes, remuneration and social security | 45 | €11,718 | €10,803 | -€916 | -7.8% |
| Taxes | 450/3 | €11,718 | €10,803 | -€916 | -7.8% |
| Other amounts payable | 47/48 | €2,211 | €223 | -€1,988 | -89.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,591 | €36,339 | -€4,252 | -10.5% |
| Other operating charges | 640/8 | €2,712 | €2,828 | +€116 | +4.3% |
| Gross operating margin | 9900 | €52,358 | €47,259 | -€5,099 | -9.7% |
| Operating profit (loss) | 9901 | €9,055 | €8,092 | -€963 | -10.6% |
| Financial income | 75/76B | €81 | €328 | +€247 | +305% |
| Recurring financial income | 75 | €81 | €328 | +€247 | +305% |
| Financial charges | 65/66B | €872 | €481 | -€391 | -44.8% |
| Recurring financial charges | 65 | €872 | €481 | -€391 | -44.8% |
| Profit (loss) for the period before taxes | 9903 | €8,264 | €7,940 | -€325 | -3.9% |
| Income taxes | 67/77 | €2,070 | €2,344 | +€274 | +13.2% |
| Profit (loss) for the period | 9904 | €6,195 | €5,596 | -€599 | -9.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,195 | €5,596 | -€599 | -9.7% |
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 28 October 2026 via checked.be.