Brecht Scheepers: 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.
Brecht Scheepers
Largest movements
- Receivables within one year -€15,145
down €15,145 (-31.1%), from €48,743 to €33,599
of which Other amounts receivable: -€15,028
- Tangible fixed assets -€7,499
down €7,499 (-23.8%), from €31,445 to €23,946
of which Furniture and vehicles: -€7,100
- Cash -€3,540
down €3,540 (-26.0%), from €13,612 to €10,072
mainly Contributions, distributions and other (-€26,185) and Tax, wage and social debts (-€7,336)
- Reserves -€17,872
down €17,872 (-50.1%), from €35,668 to €17,796
- Tax, wage and social debts -€7,336
down €7,336 (-64.6%), from €11,357 to €4,022
of which Taxes: -€7,336
- Debts after one year -€6,572
down €6,572 (-28.3%), from €23,253 to €16,681
- Other debts +€5,291
up €5,291 (+50.2%), from €10,541 to €15,832
- Accrued charges and deferred income -€1,081
down €1,081 (-21.8%), from €4,963 to €3,882
- Depreciation +€1,731
up €1,731 (+30.0%), from €5,768 to €7,499
- Gross operating margin -€922
down €922 (-4.7%), from €19,516 to €18,593
- Taxes -€663
down €663 (-20.3%), from €3,268 to €2,604
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 | €94,484 | €67,813 | -€26,671 | -28.2% |
| Fixed assets | 21/28 | €31,445 | €23,946 | -€7,499 | -23.8% |
| Tangible fixed assets | 22/27 | €31,445 | €23,946 | -€7,499 | -23.8% |
| Plant, machinery and equipment | 23 | €1,717 | €1,318 | -€399 | -23.3% |
| Furniture and vehicles | 24 | €29,728 | €22,628 | -€7,100 | -23.9% |
| Current assets | 29/58 | €63,039 | €43,867 | -€19,172 | -30.4% |
| Amounts receivable within one year | 40/41 | €48,743 | €33,599 | -€15,145 | -31.1% |
| Trade receivables | 40 | €117 | - | -€117 | |
| Other amounts receivable | 41 | €48,627 | €33,599 | -€15,028 | -30.9% |
| Cash at bank and in hand | 54/58 | €13,612 | €10,072 | -€3,540 | -26.0% |
| Deferred charges and accrued income | 490/1 | €684 | €197 | -€487 | -71.3% |
| Total equity and liabilities | 10/49 | €94,484 | €67,813 | -€26,671 | -28.2% |
| Equity | 10/15 | €37,668 | €19,796 | -€17,872 | -47.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,668 | €17,796 | -€17,872 | -50.1% |
| Distributable reserves | 133 | €35,668 | €17,796 | -€17,872 | -50.1% |
| Amounts payable | 17/49 | €56,816 | €48,017 | -€8,799 | -15.5% |
| Amounts payable after more than one year | 17 | €23,253 | €16,681 | -€6,572 | -28.3% |
| Financial debts | 170/4 | €23,253 | €16,681 | -€6,572 | -28.3% |
| Amounts payable within one year | 42/48 | €28,600 | €27,453 | -€1,146 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €6,251 | €6,572 | +€322 | +5.1% |
| Trade debts | 44 | €451 | €1,027 | +€576 | +128% |
| Suppliers | 440/4 | €451 | €1,027 | +€576 | +128% |
| Taxes, remuneration and social security | 45 | €11,357 | €4,022 | -€7,336 | -64.6% |
| Taxes | 450/3 | €9,136 | €1,800 | -€7,336 | -80.3% |
| Remuneration and social security | 454/9 | €2,222 | €2,222 | = | 0.0% |
| Other amounts payable | 47/48 | €10,541 | €15,832 | +€5,291 | +50.2% |
| Accrued charges and deferred income | 492/3 | €4,963 | €3,882 | -€1,081 | -21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,768 | €7,499 | +€1,731 | +30.0% |
| Other operating charges | 640/8 | €585 | €602 | +€17 | +2.9% |
| Gross operating margin | 9900 | €19,516 | €18,593 | -€922 | -4.7% |
| Operating profit (loss) | 9901 | €13,162 | €10,492 | -€2,670 | -20.3% |
| Financial income | 75/76B | €2,248 | €2,204 | -€44 | -1.9% |
| Recurring financial income | 75 | €2,248 | €2,204 | -€44 | -1.9% |
| Financial charges | 65/66B | €1,602 | €1,779 | +€177 | +11.0% |
| Recurring financial charges | 65 | €1,602 | €1,779 | +€177 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €13,808 | €10,918 | -€2,891 | -20.9% |
| Income taxes | 67/77 | €3,268 | €2,604 | -€663 | -20.3% |
| Profit (loss) for the period | 9904 | €10,541 | €8,313 | -€2,228 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,541 | €8,313 | -€2,228 | -21.1% |
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 15 October 2026 via checked.be.