Solvit Schuermans: what changed
Two fiscal 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.
Solvit Schuermans
Largest movements
- Tangible fixed assets +€23,065
up €23,065 (+194.0%), from €11,889 to €34,954
of which Leasing and similar rights: +€33,065
- Receivables within one year +€20,160
up €20,160 (+254.1%), from €7,934 to €28,094
of which Other amounts receivable: +€12,884
- Cash -€12,988
down €12,988 (-40.0%), from €32,510 to €19,522
mainly Investment in fixed assets (net) (-€26,423) and Receivables within one year (-€20,160)
- Debts after one year +€17,005
new in 2025: €17,005
- Reserves +€14,597
up €14,597 (+24.0%), from €60,721 to €75,318
- Other debts -€6,906
down €6,906 (-29.5%), from €23,401 to €16,495
- Current portion of long-term debt +€6,001
new in 2025: €6,001
- Gross operating margin -€84,865
down €84,865 (-74.6%), from €113,708 to €28,844
- Taxes -€26,820
down €26,820 (-79.2%), from €33,844 to €7,024
- Depreciation -€8,511
down €8,511 (-71.7%), from €11,869 to €3,358
- Financial charges -€1,693
down €1,693 (-64.8%), from €2,612 to €919
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 | €96,600 | €127,691 | +€31,090 | +32.2% |
| Fixed assets | 21/28 | €55,139 | €78,204 | +€23,065 | +41.8% |
| Tangible fixed assets | 22/27 | €11,889 | €34,954 | +€23,065 | +194.0% |
| Plant, machinery and equipment | 23 | €884 | €447 | -€437 | -49.5% |
| Furniture and vehicles | 24 | €11,004 | €1,442 | -€9,563 | -86.9% |
| Leasing and similar rights | 25 | - | €33,065 | +€33,065 | |
| Financial fixed assets | 28 | €43,250 | €43,250 | = | 0.0% |
| Current assets | 29/58 | €41,461 | €49,487 | +€8,026 | +19.4% |
| Amounts receivable within one year | 40/41 | €7,934 | €28,094 | +€20,160 | +254.1% |
| Trade receivables | 40 | €236 | €7,512 | +€7,276 | +3084.1% |
| Other amounts receivable | 41 | €7,698 | €20,582 | +€12,884 | +167.4% |
| Cash at bank and in hand | 54/58 | €32,510 | €19,522 | -€12,988 | -40.0% |
| Deferred charges and accrued income | 490/1 | €1,018 | €1,871 | +€853 | +83.8% |
| Total equity and liabilities | 10/49 | €96,600 | €127,691 | +€31,090 | +32.2% |
| Equity | 10/15 | €68,121 | €82,718 | +€14,597 | +21.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,721 | €75,318 | +€14,597 | +24.0% |
| Distributable reserves | 133 | €60,721 | €75,318 | +€14,597 | +24.0% |
| Profit (loss) carried forward | 14 | €2,400 | €2,400 | = | 0.0% |
| Amounts payable | 17/49 | €28,479 | €44,973 | +€16,494 | +57.9% |
| Amounts payable after more than one year | 17 | - | €17,005 | +€17,005 | |
| Financial debts | 170/4 | - | €17,005 | +€17,005 | |
| Amounts payable within one year | 42/48 | €28,479 | €27,967 | -€512 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,001 | +€6,001 | |
| Trade debts | 44 | €675 | €1,247 | +€572 | +84.7% |
| Suppliers | 440/4 | €675 | €1,247 | +€572 | +84.7% |
| Taxes, remuneration and social security | 45 | €4,403 | €4,225 | -€178 | -4.1% |
| Taxes | 450/3 | €4,403 | €4,225 | -€178 | -4.1% |
| Other amounts payable | 47/48 | €23,401 | €16,495 | -€6,906 | -29.5% |
| Non-recurring operating income | 76A | €1,857 | €8,435 | +€6,578 | +354.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,869 | €3,358 | -€8,511 | -71.7% |
| Other operating charges | 640/8 | €2,263 | €2,946 | +€684 | +30.2% |
| Gross operating margin | 9900 | €113,708 | €28,844 | -€84,865 | -74.6% |
| Operating profit (loss) | 9901 | €99,577 | €22,540 | -€77,037 | -77.4% |
| Financial charges | 65/66B | €2,612 | €919 | -€1,693 | -64.8% |
| Recurring financial charges | 65 | €2,612 | €919 | -€1,693 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €96,965 | €21,621 | -€75,344 | -77.7% |
| Income taxes | 67/77 | €33,844 | €7,024 | -€26,820 | -79.2% |
| Profit (loss) for the period | 9904 | €63,121 | €14,597 | -€48,524 | -76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,121 | €14,597 | -€48,524 | -76.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.