Christophe Van Schependom: 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.
Christophe Van Schependom
Largest movements
- Tangible fixed assets -€7,887
down €7,887 (-3.3%), from €238,458 to €230,571
of which Land and buildings: -€7,466
- Debts after one year -€34,630
down €34,630 (-17.8%), from €194,892 to €160,262
- Tax, wage and social debts +€14,808
up €14,808 (+37440.3%), from €40 to €14,847
- Other debts +€9,967
up €9,967 (+49.3%), from €20,215 to €30,182
- Short-term financial debts +€6,682
new in 2025: €6,682
- Gross operating margin +€53,133
up €53,133 (+756.2%), from €7,027 to €60,160
- Taxes +€10,616
up €10,616 (+1978.2%), from €537 to €11,153
- Financial income -€9,799
down €9,799 (-99.6%), from €9,842 to €44
- Other operating charges -€969
down €969 (-24.3%), from €3,993 to €3,023
- Financial charges +€692
up €692 (+7.2%), from €9,589 to €10,281
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 | €403,535 | €399,048 | -€4,487 | -1.1% |
| Fixed assets | 21/28 | €381,911 | €374,024 | -€7,887 | -2.1% |
| Tangible fixed assets | 22/27 | €238,458 | €230,571 | -€7,887 | -3.3% |
| Land and buildings | 22 | €238,036 | €230,571 | -€7,466 | -3.1% |
| Furniture and vehicles | 24 | €422 | €0 | -€422 | -100.0% |
| Financial fixed assets | 28 | €143,453 | €143,453 | = | 0.0% |
| Current assets | 29/58 | €21,624 | €25,025 | +€3,400 | +15.7% |
| Amounts receivable within one year | 40/41 | €3,037 | €2,165 | -€872 | -28.7% |
| Trade receivables | 40 | - | €1,116 | +€1,116 | |
| Other amounts receivable | 41 | €3,037 | €1,049 | -€1,988 | -65.5% |
| Cash at bank and in hand | 54/58 | €18,157 | €20,770 | +€2,613 | +14.4% |
| Deferred charges and accrued income | 490/1 | €430 | €2,089 | +€1,659 | +385.6% |
| Total equity and liabilities | 10/49 | €403,535 | €399,048 | -€4,487 | -1.1% |
| Equity | 10/15 | €120,540 | €118,217 | -€2,323 | -1.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,140 | €105,817 | -€2,323 | -2.1% |
| Distributable reserves | 133 | €108,140 | €105,817 | -€2,323 | -2.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €32,200 | €32,200 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,200 | €32,200 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,200 | €32,200 | = | 0.0% |
| Amounts payable | 17/49 | €250,796 | €248,632 | -€2,164 | -0.9% |
| Amounts payable after more than one year | 17 | €194,892 | €160,262 | -€34,630 | -17.8% |
| Financial debts | 170/4 | €194,892 | €160,262 | -€34,630 | -17.8% |
| Amounts payable within one year | 42/48 | €55,163 | €88,370 | +€33,207 | +60.2% |
| Current portion of amounts payable after more than one year | 42 | €33,781 | €34,630 | +€849 | +2.5% |
| Financial debts | 43 | - | €6,682 | +€6,682 | |
| Other loans | 439 | - | €6,682 | +€6,682 | |
| Trade debts | 44 | €1,127 | €2,028 | +€901 | +79.9% |
| Suppliers | 440/4 | €1,127 | €2,028 | +€901 | +79.9% |
| Taxes, remuneration and social security | 45 | €40 | €14,847 | +€14,808 | +37440.3% |
| Taxes | 450/3 | €40 | €14,847 | +€14,808 | +37440.3% |
| Other amounts payable | 47/48 | €20,215 | €30,182 | +€9,967 | +49.3% |
| Accrued charges and deferred income | 492/3 | €741 | €0 | -€741 | -100.0% |
| Non-recurring operating income | 76A | €6,198 | €0 | -€6,198 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,221 | €7,887 | -€334 | -4.1% |
| Other operating charges | 640/8 | €3,993 | €3,023 | -€969 | -24.3% |
| Gross operating margin | 9900 | €7,027 | €60,160 | +€53,133 | +756.2% |
| Operating profit (loss) | 9901 | -€5,187 | €49,249 | +€54,437 | |
| Financial income | 75/76B | €9,842 | €44 | -€9,799 | -99.6% |
| Recurring financial income | 75 | €9,842 | €44 | -€9,799 | -99.6% |
| Financial charges | 65/66B | €9,589 | €10,281 | +€692 | +7.2% |
| Recurring financial charges | 65 | €9,589 | €10,281 | +€692 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,934 | €39,012 | +€43,946 | |
| Income taxes | 67/77 | €537 | €11,153 | +€10,616 | +1978.2% |
| Profit (loss) for the period | 9904 | -€5,471 | €27,859 | +€33,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,471 | €27,859 | +€33,330 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.