De Schepper Projects: 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 Projects
Largest movements
- Stocks and contracts +€149,595
new in 2025: €149,595
- Cash +€91,789
up €91,789 (+35.2%), from €261,122 to €352,911
mainly Debts after one year (+€135,548) and Net result for the year (+€102,887)
- Receivables within one year -€29,446
down €29,446 (-48.3%), from €60,919 to €31,474
of which Trade receivables: -€30,051
- Tangible fixed assets -€24,143
down €24,143 (-35.9%), from €67,184 to €43,041
of which Furniture and vehicles: -€22,331
- Debts after one year +€135,548
up €135,548 (+399%), from €33,986 to €169,534
- Reserves +€102,887
up €102,887 (+48.8%), from €210,776 to €313,663
- Trade debts -€27,936
down €27,936 (-41.4%), from €67,447 to €39,511
- Tax, wage and social debts -€21,862
down €21,862 (-45.6%), from €47,892 to €26,030
- Gross operating margin +€18,938
up €18,938 (+12.4%), from €152,793 to €171,731
- Taxes +€7,581
up €7,581 (+21.0%), from €36,080 to €43,660
- Financial income +€2,358
up €2,358 (+16,586%), from €14 to €2,373
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 | €390,890 | €578,718 | +€187,828 | +48.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €67,184 | €43,041 | -€24,143 | -35.9% |
| Tangible fixed assets | 22/27 | €67,184 | €43,041 | -€24,143 | -35.9% |
| Plant, machinery and equipment | 23 | €6,785 | €4,973 | -€1,812 | -26.7% |
| Furniture and vehicles | 24 | €60,399 | €38,068 | -€22,331 | -37.0% |
| Current assets | 29/58 | €323,705 | €535,677 | +€211,972 | +65.5% |
| Stocks and contracts in progress | 3 | - | €149,595 | +€149,595 | |
| Stocks | 30/36 | - | €149,595 | +€149,595 | |
| Amounts receivable within one year | 40/41 | €60,919 | €31,474 | -€29,446 | -48.3% |
| Trade receivables | 40 | €60,919 | €30,868 | -€30,051 | -49.3% |
| Other amounts receivable | 41 | - | €606 | +€606 | |
| Cash at bank and in hand | 54/58 | €261,122 | €352,911 | +€91,789 | +35.2% |
| Deferred charges and accrued income | 490/1 | €1,664 | €1,697 | +€33 | +2.0% |
| Total equity and liabilities | 10/49 | €390,890 | €578,718 | +€187,828 | +48.1% |
| Equity | 10/15 | €220,776 | €323,663 | +€102,887 | +46.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €210,776 | €313,663 | +€102,887 | +48.8% |
| Distributable reserves | 133 | €210,776 | €313,663 | +€102,887 | +48.8% |
| Amounts payable | 17/49 | €170,113 | €255,055 | +€84,942 | +49.9% |
| Amounts payable after more than one year | 17 | €33,986 | €169,534 | +€135,548 | +399% |
| Financial debts | 170/4 | €33,986 | €169,534 | +€135,548 | +399% |
| Amounts payable within one year | 42/48 | €136,127 | €85,521 | -€50,607 | -37.2% |
| Current portion of amounts payable after more than one year | 42 | €20,682 | €15,612 | -€5,070 | -24.5% |
| Trade debts | 44 | €67,447 | €39,511 | -€27,936 | -41.4% |
| Suppliers | 440/4 | €67,447 | €39,511 | -€27,936 | -41.4% |
| Taxes, remuneration and social security | 45 | €47,892 | €26,030 | -€21,862 | -45.6% |
| Taxes | 450/3 | €47,892 | €26,030 | -€21,862 | -45.6% |
| Other amounts payable | 47/48 | €106 | €4,368 | +€4,262 | +4,016% |
| Remuneration, social security and pensions | 62 | €744 | €670 | -€74 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,339 | €24,143 | -€196 | -0.8% |
| Other operating charges | 640/8 | €1,011 | €1,104 | +€93 | +9.2% |
| Gross operating margin | 9900 | €152,793 | €171,731 | +€18,938 | +12.4% |
| Operating profit (loss) | 9901 | €126,699 | €145,814 | +€19,115 | +15.1% |
| Financial income | 75/76B | €14 | €2,373 | +€2,358 | +16,586% |
| Recurring financial income | 75 | €14 | €2,373 | +€2,358 | +16,586% |
| Financial charges | 65/66B | €2,129 | €1,640 | -€489 | -23.0% |
| Recurring financial charges | 65 | €2,129 | €1,640 | -€489 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €124,585 | €146,547 | +€21,962 | +17.6% |
| Income taxes | 67/77 | €36,080 | €43,660 | +€7,581 | +21.0% |
| Profit (loss) for the period | 9904 | €88,505 | €102,887 | +€14,382 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,505 | €102,887 | +€14,382 | +16.2% |
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 19 October 2026 via checked.be.