E.C. De Schepper: 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.
E.C. De Schepper
Largest movements
- Receivables within one year +€107,002
up €107,002 (+96.7%), from €110,645 to €217,648
of which Trade receivables: +€80,503
- Cash -€33,697
down €33,697 (-15.9%), from €211,294 to €177,597
mainly Receivables within one year (-€107,002) and Deferred charges and accrued income (-€32,797)
- Deferred charges and accrued income +€32,797
new in 2026: €32,797
- Stocks and contracts -€5,172
no longer reported in 2026 (was €5,172)
- Trade debts +€112,479
up €112,479 (+448%), from €25,122 to €137,601
- Tax, wage and social debts -€6,875
down €6,875 (-9.4%), from €73,532 to €66,656
of which Taxes: -€14,678
- Staff costs +€16,947
up €16,947 (+8.3%), from €203,603 to €220,551
- Gross operating margin +€13,518
up €13,518 (+6.3%), from €213,739 to €227,257
- Taxes -€3,450
no longer reported in 2026 (was €3,450)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €328,719 | €433,672 | +€104,953 | +31.9% |
| Fixed assets | 21/28 | €1,608 | €5,630 | +€4,022 | +250% |
| Tangible fixed assets | 22/27 | €842 | €4,864 | +€4,022 | +477% |
| Plant, machinery and equipment | 23 | €842 | €3,793 | +€2,951 | +350% |
| Furniture and vehicles | 24 | - | €1,071 | +€1,071 | |
| Financial fixed assets | 28 | €766 | €766 | = | 0.0% |
| Current assets | 29/58 | €327,111 | €428,042 | +€100,931 | +30.9% |
| Stocks and contracts in progress | 3 | €5,172 | - | -€5,172 | |
| Stocks | 30/36 | €5,172 | - | -€5,172 | |
| Amounts receivable within one year | 40/41 | €110,645 | €217,648 | +€107,002 | +96.7% |
| Trade receivables | 40 | €110,369 | €190,872 | +€80,503 | +72.9% |
| Other amounts receivable | 41 | €276 | €26,775 | +€26,499 | +9,603% |
| Cash at bank and in hand | 54/58 | €211,294 | €177,597 | -€33,697 | -15.9% |
| Deferred charges and accrued income | 490/1 | - | €32,797 | +€32,797 | |
| Total equity and liabilities | 10/49 | €328,719 | €433,672 | +€104,953 | +31.9% |
| Equity | 10/15 | €223,609 | €224,016 | +€407 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €161,609 | €162,016 | +€407 | +0.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €155,409 | €155,816 | +€407 | +0.3% |
| Amounts payable | 17/49 | €105,110 | €209,656 | +€104,546 | +99.5% |
| Amounts payable within one year | 42/48 | €105,110 | €209,656 | +€104,546 | +99.5% |
| Trade debts | 44 | €25,122 | €137,601 | +€112,479 | +448% |
| Suppliers | 440/4 | €25,122 | €137,601 | +€112,479 | +448% |
| Taxes, remuneration and social security | 45 | €73,532 | €66,656 | -€6,875 | -9.4% |
| Taxes | 450/3 | €51,067 | €36,389 | -€14,678 | -28.7% |
| Remuneration and social security | 454/9 | €22,464 | €30,267 | +€7,802 | +34.7% |
| Other amounts payable | 47/48 | €6,456 | €5,399 | -€1,057 | -16.4% |
| Non-recurring operating income | 76A | - | €6,693 | +€6,693 | |
| Remuneration, social security and pensions | 62 | €203,603 | €220,551 | +€16,947 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | €906 | +€624 | +221% |
| Other operating charges | 640/8 | €4,327 | €2,829 | -€1,498 | -34.6% |
| Gross operating margin | 9900 | €213,739 | €227,257 | +€13,518 | +6.3% |
| Operating profit (loss) | 9901 | €5,526 | €2,972 | -€2,554 | -46.2% |
| Financial income | 75/76B | €103 | €1 | -€102 | -99.0% |
| Recurring financial income | 75 | €103 | €1 | -€102 | -99.0% |
| Financial charges | 65/66B | €1,024 | €2,566 | +€1,542 | +151% |
| Recurring financial charges | 65 | €1,024 | €2,566 | +€1,542 | +151% |
| Profit (loss) for the period before taxes | 9903 | €4,605 | €407 | -€4,199 | -91.2% |
| Income taxes | 67/77 | €3,450 | - | -€3,450 | |
| Profit (loss) for the period | 9904 | €1,155 | €407 | -€748 | -64.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,155 | €407 | -€748 | -64.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.