Tschuttershof: 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.
Tschuttershof
Largest movements
- Tangible fixed assets -€27,735
down €27,735 (-8.8%), from €315,077 to €287,342
of which Furniture and vehicles: -€21,701
- Receivables within one year +€8,064
up €8,064 (+79.8%), from €10,109 to €18,173
of which Other amounts receivable: +€7,204
- Intangible fixed assets -€6,000
down €6,000 (-11.5%), from €51,977 to €45,977
- Debts after one year -€52,925
down €52,925 (-20.0%), from €264,912 to €211,986
of which Financial debts: -€52,925
- Trade debts +€8,918
up €8,918 (+50.5%), from €17,647 to €26,565
- Short-term financial debts +€6,756
new in 2025: €6,756
- Other debts +€6,081
up €6,081 (+143%), from €4,259 to €10,340
- Current portion of long-term debt +€5,278
up €5,278 (+10.4%), from €50,772 to €56,050
- Gross operating margin -€20,745
down €20,745 (-7.0%), from €296,845 to €276,099
- Staff costs -€9,282
down €9,282 (-4.4%), from €210,768 to €201,486
- Depreciation +€7,173
up €7,173 (+15.1%), from €47,495 to €54,668
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 | €404,251 | €374,914 | -€29,336 | -7.3% |
| Fixed assets | 21/28 | €367,053 | €333,319 | -€33,735 | -9.2% |
| Intangible fixed assets | 21 | €51,977 | €45,977 | -€6,000 | -11.5% |
| Tangible fixed assets | 22/27 | €315,077 | €287,342 | -€27,735 | -8.8% |
| Plant, machinery and equipment | 23 | €70,783 | €66,936 | -€3,848 | -5.4% |
| Furniture and vehicles | 24 | €109,961 | €88,260 | -€21,701 | -19.7% |
| Other tangible fixed assets | 26 | €134,332 | €132,146 | -€2,186 | -1.6% |
| Current assets | 29/58 | €37,197 | €41,596 | +€4,399 | +11.8% |
| Stocks and contracts in progress | 3 | €13,820 | €12,793 | -€1,027 | -7.4% |
| Stocks | 30/36 | €13,820 | €12,793 | -€1,027 | -7.4% |
| Amounts receivable within one year | 40/41 | €10,109 | €18,173 | +€8,064 | +79.8% |
| Trade receivables | 40 | - | €861 | +€861 | |
| Other amounts receivable | 41 | €10,109 | €17,312 | +€7,204 | +71.3% |
| Cash at bank and in hand | 54/58 | €9,714 | €7,833 | -€1,881 | -19.4% |
| Deferred charges and accrued income | 490/1 | €3,554 | €2,797 | -€757 | -21.3% |
| Total equity and liabilities | 10/49 | €404,251 | €374,914 | -€29,336 | -7.3% |
| Equity | 10/15 | €37,844 | €37,422 | -€422 | -1.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,844 | €34,422 | -€422 | -1.2% |
| Distributable reserves | 133 | €34,844 | €34,422 | -€422 | -1.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €366,406 | €337,493 | -€28,914 | -7.9% |
| Amounts payable after more than one year | 17 | €264,912 | €211,986 | -€52,925 | -20.0% |
| Financial debts | 170/4 | €229,912 | €176,986 | -€52,925 | -23.0% |
| Other amounts payable | 178/9 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €99,721 | €123,028 | +€23,307 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €50,772 | €56,050 | +€5,278 | +10.4% |
| Financial debts | 43 | - | €6,756 | +€6,756 | |
| Credit institutions | 430/8 | - | €6,756 | +€6,756 | |
| Trade debts | 44 | €17,647 | €26,565 | +€8,918 | +50.5% |
| Suppliers | 440/4 | €17,647 | €26,565 | +€8,918 | +50.5% |
| Advances received on contracts in progress | 46 | €2,527 | €2,256 | -€270 | -10.7% |
| Taxes, remuneration and social security | 45 | €24,516 | €21,061 | -€3,455 | -14.1% |
| Taxes | 450/3 | €8,197 | €2,927 | -€5,270 | -64.3% |
| Remuneration and social security | 454/9 | €16,319 | €18,134 | +€1,814 | +11.1% |
| Other amounts payable | 47/48 | €4,259 | €10,340 | +€6,081 | +143% |
| Accrued charges and deferred income | 492/3 | €1,774 | €2,478 | +€704 | +39.7% |
| Remuneration, social security and pensions | 62 | €210,768 | €201,486 | -€9,282 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,495 | €54,668 | +€7,173 | +15.1% |
| Other operating charges | 640/8 | €2,327 | €2,438 | +€111 | +4.8% |
| Gross operating margin | 9900 | €296,845 | €276,099 | -€20,745 | -7.0% |
| Operating profit (loss) | 9901 | €36,255 | €17,507 | -€18,748 | -51.7% |
| Financial income | 75/76B | €20 | €255 | +€234 | +1,150% |
| Recurring financial income | 75 | €20 | €255 | +€234 | +1,150% |
| Financial charges | 65/66B | €15,396 | €15,373 | -€23 | -0.1% |
| Recurring financial charges | 65 | €15,396 | €15,373 | -€23 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €20,879 | €2,389 | -€18,490 | -88.6% |
| Income taxes | 67/77 | €3,482 | €1,145 | -€2,337 | -67.1% |
| Profit (loss) for the period | 9904 | €17,397 | €1,244 | -€16,153 | -92.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,397 | €1,244 | -€16,153 | -92.9% |
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 31 October 2026 via checked.be.