DE SCHEPPER PATRICK: 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 SCHEPPER PATRICK
Largest movements
- Stocks and contracts +€278,911
up €278,911 (+54.0%), from €516,199 to €795,110
of which Stocks: +€278,911
- Receivables within one year +€165,411
up €165,411 (+68.6%), from €241,232 to €406,643
of which Trade receivables: +€145,671
- Cash +€111,910
up €111,910 (+11.6%), from €966,251 to €1.1m
mainly Trade debts (+€422,338) and Net result for the year (+€160,137)
- Trade debts +€422,338
up €422,338 (+1,445%), from €29,221 to €451,558
- Reserves +€160,137
up €160,137 (+7.8%), from €2.0m to €2.2m
of which Distributable reserves: +€160,137
- Gross operating margin +€154,514
up €154,514 (+85.8%), from €180,022 to €334,536
- Taxes +€51,843
up €51,843 (+285%), from €18,181 to €70,024
- Staff costs -€15,324
down €15,324 (-23.0%), from €66,695 to €51,371
- Depreciation +€8,424
up €8,424 (+23.6%), from €35,748 to €44,172
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 | €2,230,422 | €2,778,049 | +€547,627 | +24.6% |
| Fixed assets | 21/28 | €496,861 | €488,144 | -€8,718 | -1.8% |
| Tangible fixed assets | 22/27 | €496,861 | €488,144 | -€8,718 | -1.8% |
| Land and buildings | 22 | €417,267 | €407,381 | -€9,886 | -2.4% |
| Plant, machinery and equipment | 23 | €37,896 | €52,736 | +€14,840 | +39.2% |
| Furniture and vehicles | 24 | €41,698 | €28,027 | -€13,672 | -32.8% |
| Current assets | 29/58 | €1,733,560 | €2,289,905 | +€556,345 | +32.1% |
| Stocks and contracts in progress | 3 | €516,199 | €795,110 | +€278,911 | +54.0% |
| Stocks | 30/36 | €516,199 | €795,110 | +€278,911 | +54.0% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €241,232 | €406,643 | +€165,411 | +68.6% |
| Trade receivables | 40 | €160,938 | €306,609 | +€145,671 | +90.5% |
| Other amounts receivable | 41 | €80,294 | €100,034 | +€19,740 | +24.6% |
| Cash at bank and in hand | 54/58 | €966,251 | €1,078,161 | +€111,910 | +11.6% |
| Deferred charges and accrued income | 490/1 | €9,878 | €9,991 | +€113 | +1.1% |
| Total equity and liabilities | 10/49 | €2,230,422 | €2,778,049 | +€547,627 | +24.6% |
| Equity | 10/15 | €2,103,213 | €2,263,349 | +€160,137 | +7.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,041,713 | €2,201,849 | +€160,137 | +7.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €2,035,563 | €2,195,699 | +€160,137 | +7.9% |
| Amounts payable | 17/49 | €127,209 | €514,699 | +€387,491 | +305% |
| Amounts payable within one year | 42/48 | €127,209 | €514,699 | +€387,491 | +305% |
| Trade debts | 44 | €29,221 | €451,558 | +€422,338 | +1,445% |
| Suppliers | 440/4 | €29,221 | €451,558 | +€422,338 | +1,445% |
| Taxes, remuneration and social security | 45 | €81,588 | €56,308 | -€25,280 | -31.0% |
| Taxes | 450/3 | €64,539 | €45,434 | -€19,105 | -29.6% |
| Remuneration and social security | 454/9 | €17,050 | €10,875 | -€6,175 | -36.2% |
| Other amounts payable | 47/48 | €16,400 | €6,833 | -€9,566 | -58.3% |
| Non-recurring operating income | 76A | €0 | €16,660 | +€16,660 | |
| Remuneration, social security and pensions | 62 | €66,695 | €51,371 | -€15,324 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,748 | €44,172 | +€8,424 | +23.6% |
| Other operating charges | 640/8 | €7,266 | €6,978 | -€288 | -4.0% |
| Gross operating margin | 9900 | €180,022 | €334,536 | +€154,514 | +85.8% |
| Operating profit (loss) | 9901 | €70,313 | €232,014 | +€161,702 | +230% |
| Financial income | 75/76B | €79 | €528 | +€448 | +564% |
| Recurring financial income | 75 | €79 | €528 | +€448 | +564% |
| Financial charges | 65/66B | €3,037 | €2,381 | -€655 | -21.6% |
| Recurring financial charges | 65 | €3,037 | €2,381 | -€655 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €67,355 | €230,161 | +€162,805 | +242% |
| Income taxes | 67/77 | €18,181 | €70,024 | +€51,843 | +285% |
| Profit (loss) for the period | 9904 | €49,174 | €160,137 | +€110,962 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €49,174 | €160,137 | +€110,962 | +226% |
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.