DR. DE SCHEPPER MATHIAS: 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.
DR. DE SCHEPPER MATHIAS
Largest movements
- Receivables within one year +€130,022
up €130,022 (+2662.5%), from €4,883 to €134,905
of which Other amounts receivable: +€130,022
- Deferred charges and accrued income -€118,639
down €118,639 (-95.8%), from €123,892 to €5,253
- Cash +€86,422
up €86,422 (+67.5%), from €127,962 to €214,384
mainly Deferred charges and accrued income (+€118,639) and Net result for the year (+€96,984)
- Tangible fixed assets -€24,534
down €24,534 (-35.2%), from €69,756 to €45,222
of which Furniture and vehicles: -€14,803
- Current investments -€19,541
down €19,541 (-4.6%), from €425,650 to €406,109
- Reserves +€96,984
up €96,984 (+14.4%), from €672,934 to €769,918
- Short-term financial debts -€16,905
down €16,905 (-100.0%), from €16,905 to €0
- Current portion of long-term debt -€9,258
down €9,258 (-59.9%), from €15,469 to €6,210
- Gross operating margin -€76,901
down €76,901 (-34.7%), from €221,614 to €144,713
- Taxes -€27,800
down €27,800 (-44.6%), from €62,362 to €34,562
- Financial income +€10,419
up €10,419 (+286.4%), from €3,638 to €14,057
- Depreciation +€4,344
up €4,344 (+21.0%), from €20,719 to €25,063
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 | €752,143 | €805,874 | +€53,731 | +7.1% |
| Fixed assets | 21/28 | €69,756 | €45,222 | -€24,534 | -35.2% |
| Tangible fixed assets | 22/27 | €69,756 | €45,222 | -€24,534 | -35.2% |
| Plant, machinery and equipment | 23 | €12,362 | €8,647 | -€3,715 | -30.1% |
| Furniture and vehicles | 24 | €37,047 | €22,244 | -€14,803 | -40.0% |
| Other tangible fixed assets | 26 | €20,346 | €14,330 | -€6,016 | -29.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €682,387 | €760,652 | +€78,265 | +11.5% |
| Amounts receivable within one year | 40/41 | €4,883 | €134,905 | +€130,022 | +2662.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,883 | €134,905 | +€130,022 | +2662.5% |
| Current investments | 50/53 | €425,650 | €406,109 | -€19,541 | -4.6% |
| Cash at bank and in hand | 54/58 | €127,962 | €214,384 | +€86,422 | +67.5% |
| Deferred charges and accrued income | 490/1 | €123,892 | €5,253 | -€118,639 | -95.8% |
| Total equity and liabilities | 10/49 | €752,143 | €805,874 | +€53,731 | +7.1% |
| Equity | 10/15 | €676,760 | €773,744 | +€96,984 | +14.3% |
| Reserves | 13 | €672,934 | €769,918 | +€96,984 | +14.4% |
| Distributable reserves | 133 | €672,934 | €769,918 | +€96,984 | +14.4% |
| Profit (loss) carried forward | 14 | €3,825 | €3,825 | = | 0.0% |
| Amounts payable | 17/49 | €75,383 | €32,130 | -€43,253 | -57.4% |
| Amounts payable after more than one year | 17 | €19,152 | €12,942 | -€6,210 | -32.4% |
| Financial debts | 170/4 | €19,152 | €12,942 | -€6,210 | -32.4% |
| Amounts payable within one year | 42/48 | €56,231 | €19,188 | -€37,043 | -65.9% |
| Current portion of amounts payable after more than one year | 42 | €15,469 | €6,210 | -€9,258 | -59.9% |
| Financial debts | 43 | €16,905 | €0 | -€16,905 | -100.0% |
| Credit institutions | 430/8 | €16,905 | €0 | -€16,905 | -100.0% |
| Trade debts | 44 | €9,854 | €3,279 | -€6,575 | -66.7% |
| Suppliers | 440/4 | €9,854 | €3,279 | -€6,575 | -66.7% |
| Taxes, remuneration and social security | 45 | €14,004 | €9,698 | -€4,305 | -30.7% |
| Taxes | 450/3 | €14,004 | €9,698 | -€4,305 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,719 | €25,063 | +€4,344 | +21.0% |
| Other operating charges | 640/8 | €678 | €785 | +€106 | +15.7% |
| Gross operating margin | 9900 | €221,614 | €144,713 | -€76,901 | -34.7% |
| Operating profit (loss) | 9901 | €200,216 | €118,865 | -€81,351 | -40.6% |
| Financial income | 75/76B | €3,638 | €14,057 | +€10,419 | +286.4% |
| Recurring financial income | 75 | €3,638 | €14,057 | +€10,419 | +286.4% |
| Financial charges | 65/66B | €1,457 | €1,377 | -€81 | -5.5% |
| Recurring financial charges | 65 | €1,457 | €1,377 | -€81 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €202,397 | €131,546 | -€70,851 | -35.0% |
| Income taxes | 67/77 | €62,362 | €34,562 | -€27,800 | -44.6% |
| Profit (loss) for the period | 9904 | €140,035 | €96,984 | -€43,051 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €140,035 | €96,984 | -€43,051 | -30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.