DE SCHAEPDRIJVER: 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 SCHAEPDRIJVER
Largest movements
- Tangible fixed assets +€17,398
up €17,398 (+14.6%), from €119,217 to €136,616
of which Furniture and vehicles: +€23,513
- Cash +€5,323
up €5,323 (+145%), from €3,671 to €8,994
mainly Other debts (+€26,963) and Depreciation (+€16,493)
- Other debts +€26,963
up €26,963 (+63.5%), from €42,458 to €69,420
- Debts after one year -€8,788
down €8,788 (-9.0%), from €97,743 to €88,956
- Gross operating margin +€4,415
up €4,415 (+22.2%), from €19,926 to €24,341
- Depreciation +€4,276
up €4,276 (+35.0%), from €12,218 to €16,493
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 | €136,354 | €156,927 | +€20,573 | +15.1% |
| Fixed assets | 21/28 | €119,217 | €136,616 | +€17,398 | +14.6% |
| Tangible fixed assets | 22/27 | €119,217 | €136,616 | +€17,398 | +14.6% |
| Land and buildings | 22 | €106,893 | €100,919 | -€5,974 | -5.6% |
| Plant, machinery and equipment | 23 | €258 | €117 | -€140 | -54.5% |
| Furniture and vehicles | 24 | €12,067 | €35,579 | +€23,513 | +195% |
| Current assets | 29/58 | €17,137 | €20,311 | +€3,174 | +18.5% |
| Stocks and contracts in progress | 3 | €9,519 | €8,561 | -€958 | -10.1% |
| Stocks | 30/36 | €870 | €1,285 | +€415 | +47.7% |
| Contracts in progress | 37 | €8,649 | €7,276 | -€1,373 | -15.9% |
| Amounts receivable within one year | 40/41 | €3,754 | €2,512 | -€1,242 | -33.1% |
| Trade receivables | 40 | €3,101 | €1,744 | -€1,357 | -43.8% |
| Other amounts receivable | 41 | €653 | €768 | +€115 | +17.6% |
| Cash at bank and in hand | 54/58 | €3,671 | €8,994 | +€5,323 | +145% |
| Deferred charges and accrued income | 490/1 | €192 | €244 | +€52 | +27.0% |
| Total equity and liabilities | 10/49 | €136,354 | €156,927 | +€20,573 | +15.1% |
| Equity | 10/15 | -€14,675 | -€13,114 | +€1,561 | +10.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €3,764 | €3,764 | = | 0.0% |
| Distributable reserves | 133 | €3,764 | €3,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,188 | -€35,627 | +€1,561 | +4.2% |
| Amounts payable | 17/49 | €151,029 | €170,040 | +€19,011 | +12.6% |
| Amounts payable after more than one year | 17 | €97,743 | €88,956 | -€8,788 | -9.0% |
| Financial debts | 170/4 | €97,743 | €88,956 | -€8,788 | -9.0% |
| Amounts payable within one year | 42/48 | €53,285 | €81,085 | +€27,799 | +52.2% |
| Current portion of amounts payable after more than one year | 42 | €8,497 | €8,788 | +€291 | +3.4% |
| Trade debts | 44 | €1,410 | €2,277 | +€866 | +61.4% |
| Suppliers | 440/4 | €1,410 | €2,277 | +€866 | +61.4% |
| Taxes, remuneration and social security | 45 | €920 | €600 | -€320 | -34.8% |
| Taxes | 450/3 | €920 | €600 | -€320 | -34.8% |
| Other amounts payable | 47/48 | €42,458 | €69,420 | +€26,963 | +63.5% |
| Non-recurring operating income | 76A | €14,595 | €0 | -€14,595 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,218 | €16,493 | +€4,276 | +35.0% |
| Other operating charges | 640/8 | €1,253 | €1,358 | +€104 | +8.3% |
| Gross operating margin | 9900 | €19,926 | €24,341 | +€4,415 | +22.2% |
| Operating profit (loss) | 9901 | €6,455 | €6,490 | +€35 | +0.5% |
| Financial income | 75/76B | €19 | €19 | -€1 | -2.9% |
| Recurring financial income | 75 | €19 | €19 | -€1 | -2.9% |
| Financial charges | 65/66B | €5,146 | €4,944 | -€202 | -3.9% |
| Recurring financial charges | 65 | €5,146 | €4,944 | -€202 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €1,328 | €1,565 | +€237 | +17.8% |
| Income taxes | 67/77 | €39 | €4 | -€35 | -89.6% |
| Profit (loss) for the period | 9904 | €1,290 | €1,561 | +€271 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,290 | €1,561 | +€271 | +21.0% |
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 16 October 2026 via checked.be.