SCHMIEDE: 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
SCHMIEDE
NACE 55.100, Hotels and similar accommodation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€8,838
2024 · -€14,886+€6,047
Equity
€269,730
2024 · €278,568-€8,838
Cash
€17,038
2024 · €13,134+€3,904
Balance sheet total
€558,595
2024 · €570,088-€11,493
Largest movements
Assets
- Receivables within one year -€8,155
down €8,155 (-21.7%), from €37,584 to €29,429
of which Other amounts receivable: -€6,544
- Tangible fixed assets -€7,470
down €7,470 (-1.5%), from €512,871 to €505,401
of which Land and buildings: -€19,896
Equity and liabilities
- Profit (loss) carried forward -€8,838
down €8,838 (-13.5%), from -€65,492 to -€74,330
Income statement
- Staff costs +€8,366
up €8,366 (+22.2%), from €37,674 to €46,039
- Gross operating margin +€4,988
up €4,988 (+4.8%), from €103,016 to €108,003
- Other operating charges -€4,661
down €4,661 (-43.6%), from €10,685 to €6,024
- Depreciation +€2,929
up €2,929 (+6.1%), from €48,235 to €51,164
- Financial charges +€2,606
up €2,606 (+22.6%), from €11,535 to €14,141
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
-€14,886
Gross operating margin
+€4,988
Staff costs
-€8,366
Depreciation
-€2,929
Other operating charges
+€4,661
Other operating items
+€9,836
Financial income
+€463
Financial charges
-€2,606
Result 2025
-€8,838
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
+€51,210
Investment
-€43,694
Financing
-€3,612
Cash 2024
€13,134
From operations (derived)
+€51,210
Net result for the year
-€8,838
Depreciation
+€51,164
Stocks and contracts
-€322
Receivables within one year
+€8,155
Deferred charges and accrued income
+€94
Trade debts
+€524
Tax, wage and social debts
+€5,059
Other debts
-€4,626
Investment (derived)
-€43,694
Investment in fixed assets (net)
-€43,694
Financing
-€3,612
Debts after one year
-€264
Current portion of long-term debt
+€1,475
Short-term financial debts
-€4,824
Cash 2025
€17,038
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €570,088 | €558,595 | -€11,493 | -2.0% |
| Fixed assets | 21/28 | €512,871 | €505,401 | -€7,470 | -1.5% |
| Tangible fixed assets | 22/27 | €512,871 | €505,401 | -€7,470 | -1.5% |
| Land and buildings | 22 | €418,058 | €398,162 | -€19,896 | -4.8% |
| Plant, machinery and equipment | 23 | €58,439 | €45,944 | -€12,495 | -21.4% |
| Furniture and vehicles | 24 | €36,374 | €61,295 | +€24,921 | +68.5% |
| Current assets | 29/58 | €57,217 | €53,194 | -€4,023 | -7.0% |
| Stocks and contracts in progress | 3 | €4,818 | €5,140 | +€322 | +6.7% |
| Stocks | 30/36 | €4,818 | €5,140 | +€322 | +6.7% |
| Amounts receivable within one year | 40/41 | €37,584 | €29,429 | -€8,155 | -21.7% |
| Trade receivables | 40 | €17,643 | €16,032 | -€1,611 | -9.1% |
| Other amounts receivable | 41 | €19,941 | €13,396 | -€6,544 | -32.8% |
| Cash at bank and in hand | 54/58 | €13,134 | €17,038 | +€3,904 | +29.7% |
| Deferred charges and accrued income | 490/1 | €1,681 | €1,587 | -€94 | -5.6% |
| Total equity and liabilities | 10/49 | €570,088 | €558,595 | -€11,493 | -2.0% |
| Equity | 10/15 | €278,568 | €269,730 | -€8,838 | -3.2% |
| Contributions | 10/11 | €342,200 | €342,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,492 | -€74,330 | -€8,838 | -13.5% |
| Amounts payable | 17/49 | €291,520 | €288,865 | -€2,655 | -0.9% |
| Amounts payable after more than one year | 17 | €182,296 | €182,033 | -€264 | -0.1% |
| Financial debts | 170/4 | €182,296 | €182,033 | -€264 | -0.1% |
| Amounts payable within one year | 42/48 | €109,224 | €106,833 | -€2,391 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €26,154 | €27,628 | +€1,475 | +5.6% |
| Financial debts | 43 | €5,000 | €176 | -€4,824 | -96.5% |
| Credit institutions | 430/8 | €5,000 | €176 | -€4,824 | -96.5% |
| Trade debts | 44 | €36,446 | €36,970 | +€524 | +1.4% |
| Suppliers | 440/4 | €36,446 | €36,970 | +€524 | +1.4% |
| Taxes, remuneration and social security | 45 | €11,116 | €16,175 | +€5,059 | +45.5% |
| Taxes | 450/3 | €4,511 | €7,738 | +€3,227 | +71.5% |
| Remuneration and social security | 454/9 | €6,605 | €8,437 | +€1,832 | +27.7% |
| Other amounts payable | 47/48 | €30,508 | €25,883 | -€4,626 | -15.2% |
| Remuneration, social security and pensions | 62 | €37,674 | €46,039 | +€8,366 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,235 | €51,164 | +€2,929 | +6.1% |
| Other operating charges | 640/8 | €10,685 | €6,024 | -€4,661 | -43.6% |
| Non-recurring operating charges | 66A | €9,836 | - | -€9,836 | |
| Gross operating margin | 9900 | €103,016 | €108,003 | +€4,988 | +4.8% |
| Operating profit (loss) | 9901 | -€3,414 | €4,776 | +€8,190 | |
| Financial income | 75/76B | €64 | €527 | +€463 | +730% |
| Recurring financial income | 75 | €64 | €527 | +€463 | +730% |
| Financial charges | 65/66B | €11,535 | €14,141 | +€2,606 | +22.6% |
| Recurring financial charges | 65 | €11,535 | €14,141 | +€2,606 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | -€14,886 | -€8,838 | +€6,047 | +40.6% |
| Profit (loss) for the period | 9904 | -€14,886 | -€8,838 | +€6,047 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,886 | -€8,838 | +€6,047 | +40.6% |
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 26 October 2026 via checked.be.