Kurt Schouppe: what changed
What changed
Kurt Schouppe
NACE 43.990, Other specialised construction activities
filed annual accounts (NBB)
Net result for the year
€106,667
2024 · €102,431+€4,236
Equity
€380,212
2024 · €273,545+€106,667
Cash
€200,813
2024 · €197,399+€3,414
Balance sheet total
€449,791
2024 · €298,759+€151,032
Largest movements
Assets
- Current investments +€130,000
up €130,000 (+650%), from €20,000 to €150,000
- Tangible fixed assets +€28,698
up €28,698 (+182%), from €15,800 to €44,498
of which Leasing and similar rights: +€33,272
- Receivables within one year -€11,004
down €11,004 (-17.0%), from €64,651 to €53,647
of which Trade receivables: -€6,266
Equity and liabilities
- Reserves +€106,667
up €106,667 (+40.5%), from €263,545 to €370,212
- Debts after one year +€24,859
new in 2025: €24,859
- Current portion of long-term debt +€7,874
new in 2025: €7,874
- Tax, wage and social debts +€7,276
up €7,276 (+43.6%), from €16,697 to €23,973
of which Taxes: +€7,276
- Trade debts +€4,535
up €4,535 (+76.1%), from €5,960 to €10,496
Income statement
- Gross operating margin +€16,989
up €16,989 (+11.5%), from €147,354 to €164,344
- Taxes +€8,573
up €8,573 (+20.7%), from €41,417 to €49,990
- Depreciation +€2,316
up €2,316 (+63.5%), from €3,645 to €5,961
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.
Result 2024
€102,431
Gross operating margin
+€16,989
Staff costs
+€691
Depreciation
-€2,316
Other operating charges
-€253
Financial income
-€1,452
Financial charges
-€851
Taxes
-€8,573
Result 2025
€106,667
raises the resultlowers the result
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.
From operations
+€135,519
Investment
-€164,659
Financing
+€32,554
Cash 2024
€197,399
From operations (derived)
+€135,519
Net result for the year
+€106,667
Depreciation
+€5,961
Receivables within one year
+€11,004
Deferred charges and accrued income
+€76
Trade debts
+€4,535
Tax, wage and social debts
+€7,276
Investment (derived)
-€164,659
Investment in fixed assets (net)
-€34,659
Current investments
-€130,000
Financing
+€32,554
Debts after one year
+€24,859
Current portion of long-term debt
+€7,874
Short-term financial debts
-€179
Cash 2025
€200,813
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €298,759 | €449,791 | +€151,032 | +50.6% |
| Fixed assets | 21/28 | €15,906 | €44,604 | +€28,698 | +180% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -16.7% |
| Tangible fixed assets | 22/27 | €15,800 | €44,498 | +€28,698 | +182% |
| Plant, machinery and equipment | 23 | €14,146 | €11,226 | -€2,921 | -20.6% |
| Furniture and vehicles | 24 | €1,654 | - | -€1,654 | |
| Leasing and similar rights | 25 | - | €33,272 | +€33,272 | |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €282,853 | €405,188 | +€122,334 | +43.3% |
| Amounts receivable within one year | 40/41 | €64,651 | €53,647 | -€11,004 | -17.0% |
| Trade receivables | 40 | €52,205 | €45,939 | -€6,266 | -12.0% |
| Other amounts receivable | 41 | €12,446 | €7,708 | -€4,738 | -38.1% |
| Current investments | 50/53 | €20,000 | €150,000 | +€130,000 | +650% |
| Cash at bank and in hand | 54/58 | €197,399 | €200,813 | +€3,414 | +1.7% |
| Deferred charges and accrued income | 490/1 | €803 | €727 | -€76 | -9.5% |
| Total equity and liabilities | 10/49 | €298,759 | €449,791 | +€151,032 | +50.6% |
| Equity | 10/15 | €273,545 | €380,212 | +€106,667 | +39.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €263,545 | €370,212 | +€106,667 | +40.5% |
| Distributable reserves | 133 | €263,545 | €370,212 | +€106,667 | +40.5% |
| Amounts payable | 17/49 | €25,214 | €69,580 | +€44,366 | +176% |
| Amounts payable after more than one year | 17 | - | €24,859 | +€24,859 | |
| Financial debts | 170/4 | - | €24,859 | +€24,859 | |
| Amounts payable within one year | 42/48 | €25,214 | €44,720 | +€19,506 | +77.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,874 | +€7,874 | |
| Financial debts | 43 | €2,557 | €2,378 | -€179 | -7.0% |
| Credit institutions | 430/8 | €2,557 | €2,378 | -€179 | -7.0% |
| Trade debts | 44 | €5,960 | €10,496 | +€4,535 | +76.1% |
| Suppliers | 440/4 | €5,960 | €10,496 | +€4,535 | +76.1% |
| Taxes, remuneration and social security | 45 | €16,697 | €23,973 | +€7,276 | +43.6% |
| Taxes | 450/3 | €14,197 | €21,473 | +€7,276 | +51.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €706 | €15 | -€691 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €5,961 | +€2,316 | +63.5% |
| Other operating charges | 640/8 | €830 | €1,082 | +€253 | +30.5% |
| Gross operating margin | 9900 | €147,354 | €164,344 | +€16,989 | +11.5% |
| Operating profit (loss) | 9901 | €142,174 | €157,286 | +€15,112 | +10.6% |
| Financial income | 75/76B | €2,726 | €1,274 | -€1,452 | -53.3% |
| Recurring financial income | 75 | €2,726 | €1,274 | -€1,452 | -53.3% |
| Financial charges | 65/66B | €1,053 | €1,904 | +€851 | +80.8% |
| Recurring financial charges | 65 | €1,053 | €1,904 | +€851 | +80.8% |
| Profit (loss) for the period before taxes | 9903 | €143,847 | €156,656 | +€12,809 | +8.9% |
| Income taxes | 67/77 | €41,417 | €49,990 | +€8,573 | +20.7% |
| Profit (loss) for the period | 9904 | €102,431 | €106,667 | +€4,236 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €102,431 | €106,667 | +€4,236 | +4.1% |
Next steps
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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 4 November 2026 via checked.be.