De Sjieper: 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 Sjieper
Largest movements
- Cash +€4,584
up €4,584 (+8.1%), from €56,632 to €61,216
mainly Net result for the year (+€15,770) and Depreciation (+€15,329)
- Receivables within one year -€2,325
down €2,325 (-87.4%), from €2,661 to €336
of which Other amounts receivable: -€2,325
- Deferred charges and accrued income -€1,351
down €1,351 (-82.9%), from €1,629 to €278
- Reserves +€15,770
up €15,770 (+66.4%), from €23,754 to €39,524
- Other debts -€13,156
down €13,156 (-59.0%), from €22,293 to €9,137
- Debts after one year -€9,347
down €9,347 (-29.7%), from €31,487 to €22,140
- Tax, wage and social debts +€7,712
new in 2025: €7,712
- Gross operating margin +€11,019
up €11,019 (+33.6%), from €32,795 to €43,815
- Taxes +€3,542
up €3,542 (+88.1%), from €4,021 to €7,564
- Other operating charges +€1,368
up €1,368 (+95.4%), from €1,433 to €2,801
- Depreciation -€910
down €910 (-5.6%), from €16,239 to €15,329
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 | €123,945 | €125,329 | +€1,384 | +1.1% |
| Fixed assets | 21/28 | €63,024 | €63,500 | +€476 | +0.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €63,024 | €63,500 | +€476 | +0.8% |
| Land and buildings | 22 | €42,502 | €43,492 | +€990 | +2.3% |
| Plant, machinery and equipment | 23 | €12,846 | €14,208 | +€1,362 | +10.6% |
| Furniture and vehicles | 24 | €7,676 | €5,800 | -€1,876 | -24.4% |
| Current assets | 29/58 | €60,921 | €61,829 | +€908 | +1.5% |
| Amounts receivable within one year | 40/41 | €2,661 | €336 | -€2,325 | -87.4% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €2,661 | €336 | -€2,325 | -87.4% |
| Cash at bank and in hand | 54/58 | €56,632 | €61,216 | +€4,584 | +8.1% |
| Deferred charges and accrued income | 490/1 | €1,629 | €278 | -€1,351 | -82.9% |
| Total equity and liabilities | 10/49 | €123,945 | €125,329 | +€1,384 | +1.1% |
| Equity | 10/15 | €24,754 | €40,524 | +€15,770 | +63.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,754 | €39,524 | +€15,770 | +66.4% |
| Distributable reserves | 133 | €23,754 | €39,524 | +€15,770 | +66.4% |
| Amounts payable | 17/49 | €99,192 | €84,805 | -€14,386 | -14.5% |
| Amounts payable after more than one year | 17 | €31,487 | €22,140 | -€9,347 | -29.7% |
| Financial debts | 170/4 | €31,487 | €22,140 | -€9,347 | -29.7% |
| Amounts payable within one year | 42/48 | €67,705 | €62,666 | -€5,040 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €9,855 | €10,270 | +€415 | +4.2% |
| Trade debts | 44 | €12,913 | €11,768 | -€1,145 | -8.9% |
| Suppliers | 440/4 | €12,913 | €11,768 | -€1,145 | -8.9% |
| Advances received on contracts in progress | 46 | €22,644 | €23,779 | +€1,135 | +5.0% |
| Taxes, remuneration and social security | 45 | - | €7,712 | +€7,712 | |
| Taxes | 450/3 | - | €7,712 | +€7,712 | |
| Other amounts payable | 47/48 | €22,293 | €9,137 | -€13,156 | -59.0% |
| Remuneration, social security and pensions | 62 | - | €327 | +€327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,239 | €15,329 | -€910 | -5.6% |
| Other operating charges | 640/8 | €1,433 | €2,801 | +€1,368 | +95.4% |
| Gross operating margin | 9900 | €32,795 | €43,815 | +€11,019 | +33.6% |
| Operating profit (loss) | 9901 | €15,123 | €25,357 | +€10,234 | +67.7% |
| Financial income | 75/76B | €18 | €28 | +€10 | +54.7% |
| Recurring financial income | 75 | €18 | €28 | +€10 | +54.7% |
| Financial charges | 65/66B | €2,424 | €2,050 | -€373 | -15.4% |
| Recurring financial charges | 65 | €2,424 | €2,050 | -€373 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €12,718 | €23,334 | +€10,616 | +83.5% |
| Income taxes | 67/77 | €4,021 | €7,564 | +€3,542 | +88.1% |
| Profit (loss) for the period | 9904 | €8,696 | €15,770 | +€7,074 | +81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,696 | €15,770 | +€7,074 | +81.3% |
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 1 November 2026 via checked.be.