ELECTRO SCHEPERS KURT: what changed
ELECTRO SCHEPERS KURT
Largest movements
- Cash +€19,724
up €19,724 (+43.5%), from €45,313 to €65,037
mainly Net result for the year (+€14,154) and Depreciation (+€13,516)
- Tangible fixed assets -€12,749
down €12,749 (-29.2%), from €43,630 to €30,881
of which Furniture and vehicles: -€12,515
- Receivables within one year -€6,102
down €6,102 (-6.1%), from €99,248 to €93,146
of which Other amounts receivable: -€7,403
- Stocks and contracts +€4,412
up €4,412, from €0 to €4,412
- Reserves +€14,154
up €14,154 (+12.5%), from €113,107 to €127,261
of which Distributable reserves: +€14,154
- Debts after one year -€10,242
down €10,242 (-39.9%), from €25,677 to €15,435
- Other debts +€2,634
up €2,634 (+31.1%), from €8,466 to €11,100
- Staff costs +€21,532
up €21,532 (+300%), from €7,178 to €28,710
- Gross operating margin +€18,831
up €18,831 (+41.8%), from €45,093 to €63,924
- Depreciation +€4,257
up €4,257 (+46.0%), from €9,259 to €13,516
- Taxes -€1,475
down €1,475 (-20.6%), from €7,160 to €5,685
- Other operating charges -€733
down €733 (-31.6%), from €2,315 to €1,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,965 | €195,082 | +€5,117 | +2.7% |
| Fixed assets | 21/28 | €43,730 | €30,981 | -€12,749 | -29.2% |
| Tangible fixed assets | 22/27 | €43,630 | €30,881 | -€12,749 | -29.2% |
| Plant, machinery and equipment | 23 | €730 | €496 | -€234 | -32.1% |
| Furniture and vehicles | 24 | €42,900 | €30,385 | -€12,515 | -29.2% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €146,235 | €164,102 | +€17,866 | +12.2% |
| Stocks and contracts in progress | 3 | €0 | €4,412 | +€4,412 | |
| Stocks | 30/36 | €0 | €4,412 | +€4,412 | |
| Amounts receivable within one year | 40/41 | €99,248 | €93,146 | -€6,102 | -6.1% |
| Trade receivables | 40 | €30,632 | €31,933 | +€1,301 | +4.2% |
| Other amounts receivable | 41 | €68,616 | €61,213 | -€7,403 | -10.8% |
| Cash at bank and in hand | 54/58 | €45,313 | €65,037 | +€19,724 | +43.5% |
| Deferred charges and accrued income | 490/1 | €1,675 | €1,507 | -€168 | -10.0% |
| Total equity and liabilities | 10/49 | €189,965 | €195,082 | +€5,117 | +2.7% |
| Equity | 10/15 | €119,380 | €133,534 | +€14,154 | +11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,107 | €127,261 | +€14,154 | +12.5% |
| Tax-exempt reserves | 132 | €22,446 | €22,446 | = | 0.0% |
| Distributable reserves | 133 | €90,661 | €104,814 | +€14,154 | +15.6% |
| Profit (loss) carried forward | 14 | €73 | €73 | = | 0.0% |
| Amounts payable | 17/49 | €70,585 | €61,548 | -€9,037 | -12.8% |
| Amounts payable after more than one year | 17 | €25,677 | €15,435 | -€10,242 | -39.9% |
| Financial debts | 170/4 | €25,677 | €15,435 | -€10,242 | -39.9% |
| Amounts payable within one year | 42/48 | €44,908 | €46,045 | +€1,137 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €10,033 | €9,839 | -€194 | -1.9% |
| Financial debts | 43 | €6,000 | €4,160 | -€1,840 | -30.7% |
| Other loans | 439 | €6,000 | €4,160 | -€1,840 | -30.7% |
| Trade debts | 44 | €14,617 | €15,268 | +€651 | +4.5% |
| Suppliers | 440/4 | €14,617 | €15,268 | +€651 | +4.5% |
| Taxes, remuneration and social security | 45 | €5,791 | €5,678 | -€113 | -2.0% |
| Taxes | 450/3 | €2,057 | €1,845 | -€212 | -10.3% |
| Remuneration and social security | 454/9 | €3,734 | €3,834 | +€99 | +2.7% |
| Other amounts payable | 47/48 | €8,466 | €11,100 | +€2,634 | +31.1% |
| Accrued charges and deferred income | 492/3 | - | €68 | +€68 | |
| Remuneration, social security and pensions | 62 | €7,178 | €28,710 | +€21,532 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,259 | €13,516 | +€4,257 | +46.0% |
| Other operating charges | 640/8 | €2,315 | €1,583 | -€733 | -31.6% |
| Gross operating margin | 9900 | €45,093 | €63,924 | +€18,831 | +41.8% |
| Operating profit (loss) | 9901 | €26,341 | €20,116 | -€6,225 | -23.6% |
| Financial income | 75/76B | €1,317 | €678 | -€639 | -48.5% |
| Recurring financial income | 75 | €1,317 | €678 | -€639 | -48.5% |
| Financial charges | 65/66B | €1,258 | €955 | -€303 | -24.1% |
| Recurring financial charges | 65 | €1,258 | €955 | -€303 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €26,400 | €19,838 | -€6,562 | -24.9% |
| Income taxes | 67/77 | €7,160 | €5,685 | -€1,475 | -20.6% |
| Profit (loss) for the period | 9904 | €19,240 | €14,154 | -€5,087 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,240 | €14,154 | -€5,087 | -26.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.