David De Schepper: 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.
David De Schepper
Largest movements
- Receivables within one year +€35,034
up €35,034 (+21.5%), from €163,042 to €198,076
of which Trade receivables: +€32,143
- Stocks and contracts +€23,474
new in 2025: €23,474
- Tangible fixed assets -€2,928
down €2,928 (-28.4%), from €10,299 to €7,370
of which Plant, machinery and equipment: -€3,578
- Trade debts +€49,518
up €49,518 (+85.0%), from €58,276 to €107,794
- Tax, wage and social debts +€11,125
up €11,125 (+53.9%), from €20,650 to €31,774
of which Taxes: +€14,752
- Other debts -€7,377
down €7,377 (-29.0%), from €25,417 to €18,041
- Profit (loss) carried forward +€5,951
up €5,951 (+9.2%), from €64,668 to €70,620
- Turnover -€332,969
no longer reported in 2025 (was €332,969)
- Purchases and services -€251,565
no longer reported in 2025 (was €251,565)
- Staff costs +€35,796
up €35,796 (+78.0%), from €45,865 to €81,661
- Gross operating margin +€15,924
up €15,924 (+19.6%), from €81,404 to €97,328
- Taxes -€6,811
down €6,811 (-77.7%), from €8,764 to €1,953
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €179,803 | €237,096 | +€57,293 | +31.9% |
| Fixed assets | 21/28 | €10,299 | €7,370 | -€2,928 | -28.4% |
| Tangible fixed assets | 22/27 | €10,299 | €7,370 | -€2,928 | -28.4% |
| Plant, machinery and equipment | 23 | €8,494 | €4,916 | -€3,578 | -42.1% |
| Furniture and vehicles | 24 | €1,805 | €2,454 | +€649 | +36.0% |
| Current assets | 29/58 | €169,504 | €229,726 | +€60,221 | +35.5% |
| Stocks and contracts in progress | 3 | - | €23,474 | +€23,474 | |
| Stocks | 30/36 | - | €23,474 | +€23,474 | |
| Amounts receivable within one year | 40/41 | €163,042 | €198,076 | +€35,034 | +21.5% |
| Trade receivables | 40 | €159,810 | €191,954 | +€32,143 | +20.1% |
| Other amounts receivable | 41 | €3,232 | €6,123 | +€2,891 | +89.4% |
| Deferred charges and accrued income | 490/1 | €6,462 | €8,175 | +€1,713 | +26.5% |
| Total equity and liabilities | 10/49 | €179,803 | €237,096 | +€57,293 | +31.9% |
| Equity | 10/15 | €71,870 | €77,822 | +€5,951 | +8.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €702 | €702 | = | 0.0% |
| Non-distributable reserves | 130/1 | €702 | €702 | = | 0.0% |
| Other | 1319 | €702 | €702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,668 | €70,620 | +€5,951 | +9.2% |
| Amounts payable | 17/49 | €107,933 | €159,274 | +€51,341 | +47.6% |
| Amounts payable after more than one year | 17 | €1,665 | - | -€1,665 | |
| Financial debts | 170/4 | €1,665 | - | -€1,665 | |
| Amounts payable within one year | 42/48 | €106,268 | €159,274 | +€53,006 | +49.9% |
| Current portion of amounts payable after more than one year | 42 | €1,925 | €1,665 | -€260 | -13.5% |
| Trade debts | 44 | €58,276 | €107,794 | +€49,518 | +85.0% |
| Suppliers | 440/4 | €58,276 | €107,794 | +€49,518 | +85.0% |
| Taxes, remuneration and social security | 45 | €20,650 | €31,774 | +€11,125 | +53.9% |
| Taxes | 450/3 | €11,336 | €26,087 | +€14,752 | +130.1% |
| Remuneration and social security | 454/9 | €9,314 | €5,687 | -€3,627 | -38.9% |
| Other amounts payable | 47/48 | €25,417 | €18,041 | -€7,377 | -29.0% |
| Turnover | 70 | €332,969 | - | -€332,969 | |
| Goods, raw materials, services and sundry goods | 60/61 | €251,565 | - | -€251,565 | |
| Remuneration, social security and pensions | 62 | €45,865 | €81,661 | +€35,796 | +78.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,961 | €4,647 | -€314 | -6.3% |
| Other operating charges | 640/8 | €754 | €810 | +€56 | +7.5% |
| Gross operating margin | 9900 | €81,404 | €97,328 | +€15,924 | +19.6% |
| Operating profit (loss) | 9901 | €29,825 | €10,210 | -€19,615 | -65.8% |
| Financial income | 75/76B | €193 | - | -€193 | |
| Recurring financial income | 75 | €193 | - | -€193 | |
| Non-recurring financial income | 76B | €193 | - | -€193 | |
| Financial charges | 65/66B | €945 | €2,306 | +€1,361 | +144.1% |
| Recurring financial charges | 65 | €793 | €1,627 | +€835 | +105.3% |
| Non-recurring financial charges | 66B | €152 | €679 | +€527 | +346.6% |
| Profit (loss) for the period before taxes | 9903 | €29,073 | €7,904 | -€21,169 | -72.8% |
| Income taxes | 67/77 | €8,764 | €1,953 | -€6,811 | -77.7% |
| Profit (loss) for the period | 9904 | €20,309 | €5,951 | -€14,358 | -70.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,309 | €5,951 | -€14,358 | -70.7% |
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 7 October 2026 via checked.be.