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 -€10,614
down €10,614 (-49.0%), from €21,652 to €11,038
of which Other amounts receivable: -€5,693
- Cash +€10,212
up €10,212 (+2516.6%), from €406 to €10,618
mainly Receivables within one year (+€10,614) and Depreciation (+€10,084)
- Tangible fixed assets -€8,963
down €8,963 (-28.5%), from €31,412 to €22,449
of which Plant, machinery and equipment: -€5,633
- Debts after one year -€7,878
down €7,878 (-72.5%), from €10,862 to €2,984
- Current portion of long-term debt -€7,314
down €7,314 (-48.1%), from €15,192 to €7,878
- Reserves +€7,312
up €7,312 (+38.7%), from €18,907 to €26,220
- Trade debts -€3,532
down €3,532 (-80.1%), from €4,412 to €880
- Tax, wage and social debts +€2,211
up €2,211 (+490.7%), from €451 to €2,662
- Gross operating margin +€7,829
up €7,829 (+60.8%), from €12,884 to €20,713
- Taxes +€2,121
up €2,121 (+470.7%), from €451 to €2,572
- Financial charges -€648
down €648 (-60.9%), from €1,064 to €416
- Financial income -€408
down €408 (-45.8%), from €890 to €482
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 | €54,075 | €44,874 | -€9,201 | -17.0% |
| Fixed assets | 21/28 | €31,412 | €22,449 | -€8,963 | -28.5% |
| Tangible fixed assets | 22/27 | €31,412 | €22,449 | -€8,963 | -28.5% |
| Plant, machinery and equipment | 23 | €19,132 | €13,499 | -€5,633 | -29.4% |
| Furniture and vehicles | 24 | €12,280 | €8,950 | -€3,329 | -27.1% |
| Current assets | 29/58 | €22,663 | €22,425 | -€238 | -1.1% |
| Amounts receivable within one year | 40/41 | €21,652 | €11,038 | -€10,614 | -49.0% |
| Trade receivables | 40 | €7,655 | €2,734 | -€4,921 | -64.3% |
| Other amounts receivable | 41 | €13,998 | €8,304 | -€5,693 | -40.7% |
| Cash at bank and in hand | 54/58 | €406 | €10,618 | +€10,212 | +2516.6% |
| Deferred charges and accrued income | 490/1 | €605 | €769 | +€165 | +27.2% |
| Total equity and liabilities | 10/49 | €54,075 | €44,874 | -€9,201 | -17.0% |
| Equity | 10/15 | €21,407 | €28,720 | +€7,312 | +34.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,907 | €26,220 | +€7,312 | +38.7% |
| Distributable reserves | 133 | €18,907 | €26,220 | +€7,312 | +38.7% |
| Amounts payable | 17/49 | €32,667 | €16,155 | -€16,513 | -50.5% |
| Amounts payable after more than one year | 17 | €10,862 | €2,984 | -€7,878 | -72.5% |
| Financial debts | 170/4 | €10,862 | €2,984 | -€7,878 | -72.5% |
| Amounts payable within one year | 42/48 | €21,805 | €13,170 | -€8,635 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €15,192 | €7,878 | -€7,314 | -48.1% |
| Trade debts | 44 | €4,412 | €880 | -€3,532 | -80.1% |
| Suppliers | 440/4 | €4,412 | €880 | -€3,532 | -80.1% |
| Advances received on contracts in progress | 46 | €1,751 | €1,751 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €451 | €2,662 | +€2,211 | +490.7% |
| Taxes | 450/3 | €451 | €2,662 | +€2,211 | +490.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,976 | €10,084 | +€108 | +1.1% |
| Other operating charges | 640/8 | €932 | €812 | -€120 | -12.9% |
| Gross operating margin | 9900 | €12,884 | €20,713 | +€7,829 | +60.8% |
| Operating profit (loss) | 9901 | €1,976 | €9,818 | +€7,841 | +396.7% |
| Financial income | 75/76B | €890 | €482 | -€408 | -45.8% |
| Recurring financial income | 75 | €890 | €482 | -€408 | -45.8% |
| Financial charges | 65/66B | €1,064 | €416 | -€648 | -60.9% |
| Recurring financial charges | 65 | €1,064 | €416 | -€648 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €1,802 | €9,884 | +€8,081 | +448.4% |
| Income taxes | 67/77 | €451 | €2,572 | +€2,121 | +470.7% |
| Profit (loss) for the period | 9904 | €1,352 | €7,312 | +€5,960 | +440.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,352 | €7,312 | +€5,960 | +440.9% |
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 30 September 2026 via checked.be.