DE SCHEPPER K.: 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.
DE SCHEPPER K.
Largest movements
- Cash +€128,500
up €128,500 (+102.3%), from €125,657 to €254,157
mainly Net result for the year (+€111,466) and Current investments (+€51,982)
- Current investments -€51,982
down €51,982 (-13.7%), from €380,612 to €328,630
- Receivables within one year +€40,111
up €40,111 (+607.9%), from €6,598 to €46,709
of which Other amounts receivable: +€39,071
- Tangible fixed assets -€16,265
down €16,265 (-14.4%), from €112,627 to €96,362
- Reserves +€111,466
up €111,466 (+19.2%), from €580,525 to €691,991
of which Distributable reserves: +€111,466
- Gross operating margin +€15,142
up €15,142 (+7.2%), from €210,977 to €226,119
- Taxes +€5,470
up €5,470 (+10.9%), from €50,280 to €55,750
- Financial income +€5,193
up €5,193 (+566.5%), from €917 to €6,110
- Depreciation +€3,633
up €3,633 (+12.9%), from €28,212 to €31,845
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 | €627,729 | €728,505 | +€100,777 | +16.1% |
| Fixed assets | 21/28 | €113,917 | €97,168 | -€16,749 | -14.7% |
| Intangible fixed assets | 21 | €1,290 | €806 | -€484 | -37.5% |
| Tangible fixed assets | 22/27 | €112,627 | €96,362 | -€16,265 | -14.4% |
| Land and buildings | 22 | €23,474 | €19,900 | -€3,574 | -15.2% |
| Plant, machinery and equipment | 23 | €28,986 | €21,286 | -€7,701 | -26.6% |
| Furniture and vehicles | 24 | €60,167 | €55,176 | -€4,990 | -8.3% |
| Current assets | 29/58 | €513,812 | €631,337 | +€117,526 | +22.9% |
| Amounts receivable within one year | 40/41 | €6,598 | €46,709 | +€40,111 | +607.9% |
| Trade receivables | 40 | €144 | €1,183 | +€1,039 | +721.8% |
| Other amounts receivable | 41 | €6,454 | €45,525 | +€39,071 | +605.4% |
| Current investments | 50/53 | €380,612 | €328,630 | -€51,982 | -13.7% |
| Cash at bank and in hand | 54/58 | €125,657 | €254,157 | +€128,500 | +102.3% |
| Deferred charges and accrued income | 490/1 | €945 | €1,841 | +€896 | +94.9% |
| Total equity and liabilities | 10/49 | €627,729 | €728,505 | +€100,777 | +16.1% |
| Equity | 10/15 | €599,125 | €710,591 | +€111,466 | +18.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €580,525 | €691,991 | +€111,466 | +19.2% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €561,775 | €673,241 | +€111,466 | +19.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €28,603 | €17,914 | -€10,689 | -37.4% |
| Amounts payable within one year | 42/48 | €27,803 | €17,914 | -€9,889 | -35.6% |
| Trade debts | 44 | €2,721 | €0 | -€2,721 | -100.0% |
| Suppliers | 440/4 | €2,721 | €0 | -€2,721 | -100.0% |
| Taxes, remuneration and social security | 45 | €25,082 | €17,914 | -€7,168 | -28.6% |
| Taxes | 450/3 | €20,448 | €14,272 | -€6,175 | -30.2% |
| Remuneration and social security | 454/9 | €4,634 | €3,642 | -€993 | -21.4% |
| Accrued charges and deferred income | 492/3 | €800 | €0 | -€800 | -100.0% |
| Remuneration, social security and pensions | 62 | €28,187 | €28,598 | +€411 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,212 | €31,845 | +€3,633 | +12.9% |
| Other operating charges | 640/8 | €4,932 | €2,798 | -€2,133 | -43.3% |
| Non-recurring operating charges | 66A | €3,607 | €0 | -€3,607 | -100.0% |
| Gross operating margin | 9900 | €210,977 | €226,119 | +€15,142 | +7.2% |
| Operating profit (loss) | 9901 | €146,040 | €162,877 | +€16,837 | +11.5% |
| Financial income | 75/76B | €917 | €6,110 | +€5,193 | +566.5% |
| Recurring financial income | 75 | €917 | €6,110 | +€5,193 | +566.5% |
| Financial charges | 65/66B | €1,600 | €1,772 | +€172 | +10.8% |
| Recurring financial charges | 65 | €1,600 | €1,772 | +€172 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €145,357 | €167,215 | +€21,858 | +15.0% |
| Income taxes | 67/77 | €50,280 | €55,750 | +€5,470 | +10.9% |
| Profit (loss) for the period | 9904 | €95,077 | €111,466 | +€16,389 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €95,077 | €111,466 | +€16,389 | +17.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.