GUY SCHIEPERS: 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.
GUY SCHIEPERS
Largest movements
- Cash +€269,073
up €269,073 (+40.8%), from €658,830 to €927,903
mainly Net result for the year (+€301,757) and Receivables within one year (+€78,350)
- Receivables within one year -€78,350
down €78,350 (-9.5%), from €821,720 to €743,369
of which Other amounts receivable: -€57,971
- Deferred charges and accrued income +€42,269
up €42,269 (+157.4%), from €26,851 to €69,121
- Tangible fixed assets +€24,774
up €24,774 (+152.7%), from €16,223 to €40,998
of which Furniture and vehicles: +€24,774
- Reserves +€301,757
up €301,757 (+20.6%), from €1.5m to €1.8m
of which Distributable reserves: +€301,757
- Tax, wage and social debts -€40,921
down €40,921 (-28.8%), from €142,165 to €101,244
of which Taxes: -€45,332
- Gross operating margin +€202,711
up €202,711 (+68.3%), from €296,692 to €499,402
- Taxes +€55,734
up €55,734 (+62.1%), from €89,687 to €145,420
- Financial charges +€25,360
up €25,360 (+396.1%), from €6,403 to €31,763
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 | €1,827,017 | €2,086,423 | +€259,406 | +14.2% |
| Fixed assets | 21/28 | €16,223 | €40,998 | +€24,774 | +152.7% |
| Tangible fixed assets | 22/27 | €16,223 | €40,998 | +€24,774 | +152.7% |
| Furniture and vehicles | 24 | €9,121 | €33,896 | +€24,774 | +271.6% |
| Other tangible fixed assets | 26 | €7,102 | €7,102 | = | 0.0% |
| Current assets | 29/58 | €1,810,794 | €2,045,426 | +€234,632 | +13.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €821,720 | €743,369 | -€78,350 | -9.5% |
| Trade receivables | 40 | €192,811 | €172,431 | -€20,379 | -10.6% |
| Other amounts receivable | 41 | €628,909 | €570,938 | -€57,971 | -9.2% |
| Current investments | 50/53 | €103,392 | €105,033 | +€1,640 | +1.6% |
| Cash at bank and in hand | 54/58 | €658,830 | €927,903 | +€269,073 | +40.8% |
| Deferred charges and accrued income | 490/1 | €26,851 | €69,121 | +€42,269 | +157.4% |
| Total equity and liabilities | 10/49 | €1,827,017 | €2,086,423 | +€259,406 | +14.2% |
| Equity | 10/15 | €1,491,892 | €1,793,648 | +€301,757 | +20.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,461,484 | €1,763,241 | +€301,757 | +20.6% |
| Tax-exempt reserves | 132 | €16,655 | €16,655 | = | 0.0% |
| Distributable reserves | 133 | €1,444,829 | €1,746,586 | +€301,757 | +20.9% |
| Profit (loss) carried forward | 14 | €11,807 | €11,807 | = | 0.0% |
| Amounts payable | 17/49 | €335,125 | €292,775 | -€42,350 | -12.6% |
| Amounts payable within one year | 42/48 | €335,125 | €292,775 | -€42,350 | -12.6% |
| Financial debts | 43 | €27,326 | €27,191 | -€135 | -0.5% |
| Credit institutions | 430/8 | €27,326 | €27,191 | -€135 | -0.5% |
| Trade debts | 44 | €10,740 | €6,716 | -€4,024 | -37.5% |
| Suppliers | 440/4 | €10,740 | €6,716 | -€4,024 | -37.5% |
| Taxes, remuneration and social security | 45 | €142,165 | €101,244 | -€40,921 | -28.8% |
| Taxes | 450/3 | €142,165 | €96,833 | -€45,332 | -31.9% |
| Remuneration and social security | 454/9 | - | €4,411 | +€4,411 | |
| Other amounts payable | 47/48 | €154,894 | €157,624 | +€2,731 | +1.8% |
| Non-recurring operating income | 76A | €4,827 | €0 | -€4,827 | -100.0% |
| Remuneration, social security and pensions | 62 | €14,345 | €17,018 | +€2,673 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,950 | €5,658 | +€708 | +14.3% |
| Other operating charges | 640/8 | €1,775 | €1,738 | -€38 | -2.1% |
| Gross operating margin | 9900 | €296,692 | €499,402 | +€202,711 | +68.3% |
| Operating profit (loss) | 9901 | €275,621 | €474,989 | +€199,368 | +72.3% |
| Financial income | 75/76B | €4,438 | €3,951 | -€487 | -11.0% |
| Recurring financial income | 75 | €4,438 | €3,951 | -€487 | -11.0% |
| Financial charges | 65/66B | €6,403 | €31,763 | +€25,360 | +396.1% |
| Recurring financial charges | 65 | €6,403 | €31,763 | +€25,360 | +396.1% |
| Profit (loss) for the period before taxes | 9903 | €273,656 | €447,177 | +€173,521 | +63.4% |
| Income taxes | 67/77 | €89,687 | €145,420 | +€55,734 | +62.1% |
| Profit (loss) for the period | 9904 | €183,970 | €301,757 | +€117,787 | +64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €183,970 | €301,757 | +€117,787 | +64.0% |
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 6 October 2026 via checked.be.