DE PAEPE - SCHEPENS: 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.
DE PAEPE - SCHEPENS
Largest movements
- Tangible fixed assets -€6,227
down €6,227 (-16.3%), from €38,279 to €32,052
of which Plant, machinery and equipment: -€4,464
- Cash +€1,165
up €1,165 (+4.6%), from €25,327 to €26,492
mainly Depreciation (+€6,227)
- Other debts -€3,750
down €3,750 (-13.9%), from €26,888 to €23,138
- Profit (loss) carried forward -€1,081
down €1,081 (-9.2%), from -€11,751 to -€12,833
- Gross operating margin +€4,437
up €4,437 (+175.9%), from €2,523 to €6,961
- Financial income +€97
up €97 (+118.6%), from €82 to €178
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 | €63,729 | €58,898 | -€4,831 | -7.6% |
| Fixed assets | 21/28 | €38,279 | €32,052 | -€6,227 | -16.3% |
| Tangible fixed assets | 22/27 | €38,279 | €32,052 | -€6,227 | -16.3% |
| Land and buildings | 22 | €17,056 | €15,294 | -€1,763 | -10.3% |
| Plant, machinery and equipment | 23 | €21,222 | €16,758 | -€4,464 | -21.0% |
| Current assets | 29/58 | €25,451 | €26,846 | +€1,395 | +5.5% |
| Cash at bank and in hand | 54/58 | €25,327 | €26,492 | +€1,165 | +4.6% |
| Deferred charges and accrued income | 490/1 | €123 | €354 | +€231 | +187.0% |
| Total equity and liabilities | 10/49 | €63,729 | €58,898 | -€4,831 | -7.6% |
| Equity | 10/15 | €6,841 | €5,759 | -€1,081 | -15.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,751 | -€12,833 | -€1,081 | -9.2% |
| Amounts payable | 17/49 | €56,888 | €53,138 | -€3,750 | -6.6% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,888 | €23,138 | -€3,750 | -13.9% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,888 | €23,138 | -€3,750 | -13.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,227 | €6,227 | = | 0.0% |
| Other operating charges | 640/8 | €1,713 | €1,764 | +€50 | +2.9% |
| Gross operating margin | 9900 | €2,523 | €6,961 | +€4,437 | +175.9% |
| Operating profit (loss) | 9901 | -€5,417 | -€1,030 | +€4,387 | +81.0% |
| Financial income | 75/76B | €82 | €178 | +€97 | +118.6% |
| Recurring financial income | 75 | €82 | €178 | +€97 | +118.6% |
| Financial charges | 65/66B | €179 | €230 | +€51 | +28.3% |
| Recurring financial charges | 65 | €179 | €230 | +€51 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,515 | -€1,081 | +€4,433 | +80.4% |
| Profit (loss) for the period | 9904 | -€5,515 | -€1,081 | +€4,433 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,515 | -€1,081 | +€4,433 | +80.4% |
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 12 October 2026 via checked.be.