LIEVEN SCHEPPERS: 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.
LIEVEN SCHEPPERS
Largest movements
- Current investments -€81,972
down €81,972 (-100.0%), from €81,972 to €0
- Receivables within one year +€48,241
up €48,241 (+57.8%), from €83,493 to €131,734
of which Other amounts receivable: +€46,819
- Tax, wage and social debts -€62,628
down €62,628 (-82.4%), from €76,014 to €13,386
- Reserves +€12,972
up €12,972 (+1.3%), from €1.0m to €1.0m
- Gross operating margin -€19,935
down €19,935 (-107.5%), from -€18,542 to -€38,477
- Financial income +€19,231
up €19,231 (+41.6%), from €46,220 to €65,451
- Depreciation -€3,793
down €3,793 (-61.4%), from €6,177 to €2,384
- Taxes -€526
down €526 (-5.0%), from €10,473 to €9,948
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 | €1,093,899 | €1,046,838 | -€47,061 | -4.3% |
| Fixed assets | 21/28 | €112,226 | €110,914 | -€1,312 | -1.2% |
| Tangible fixed assets | 22/27 | €111,726 | €110,414 | -€1,312 | -1.2% |
| Land and buildings | 22 | €12,950 | €12,025 | -€925 | -7.1% |
| Plant, machinery and equipment | 23 | €12 | €745 | +€733 | +6101.4% |
| Furniture and vehicles | 24 | €2,873 | €1,753 | -€1,120 | -39.0% |
| Other tangible fixed assets | 26 | €95,892 | €95,892 | = | 0.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €981,673 | €935,924 | -€45,749 | -4.7% |
| Amounts receivable after more than one year | 29 | €782,000 | €782,000 | = | 0.0% |
| Other amounts receivable | 291 | €782,000 | €782,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,493 | €131,734 | +€48,241 | +57.8% |
| Trade receivables | 40 | €0 | €1,422 | +€1,422 | |
| Other amounts receivable | 41 | €83,493 | €130,312 | +€46,819 | +56.1% |
| Current investments | 50/53 | €81,972 | €0 | -€81,972 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,313 | €22,190 | -€10,122 | -31.3% |
| Deferred charges and accrued income | 490/1 | €1,896 | €0 | -€1,896 | -100.0% |
| Total equity and liabilities | 10/49 | €1,093,899 | €1,046,838 | -€47,061 | -4.3% |
| Equity | 10/15 | €1,014,064 | €1,027,037 | +€12,972 | +1.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,001,664 | €1,014,637 | +€12,972 | +1.3% |
| Distributable reserves | 133 | €1,001,664 | €1,014,637 | +€12,972 | +1.3% |
| Amounts payable | 17/49 | €79,835 | €19,801 | -€60,034 | -75.2% |
| Amounts payable within one year | 42/48 | €79,835 | €19,801 | -€60,034 | -75.2% |
| Trade debts | 44 | €3,821 | €6,416 | +€2,594 | +67.9% |
| Suppliers | 440/4 | €3,821 | €6,416 | +€2,594 | +67.9% |
| Taxes, remuneration and social security | 45 | €76,014 | €13,386 | -€62,628 | -82.4% |
| Taxes | 450/3 | €76,014 | €13,386 | -€62,628 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,177 | €2,384 | -€3,793 | -61.4% |
| Other operating charges | 640/8 | €1,808 | €1,580 | -€227 | -12.6% |
| Gross operating margin | 9900 | -€18,542 | -€38,477 | -€19,935 | -107.5% |
| Operating profit (loss) | 9901 | -€26,526 | -€42,441 | -€15,915 | -60.0% |
| Financial income | 75/76B | €46,220 | €65,451 | +€19,231 | +41.6% |
| Recurring financial income | 75 | €46,220 | €65,451 | +€19,231 | +41.6% |
| Financial charges | 65/66B | €91 | €90 | -€2 | -1.7% |
| Recurring financial charges | 65 | €91 | €90 | -€2 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €19,603 | €22,920 | +€3,317 | +16.9% |
| Income taxes | 67/77 | €10,473 | €9,948 | -€526 | -5.0% |
| Profit (loss) for the period | 9904 | €9,129 | €12,972 | +€3,843 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,129 | €12,972 | +€3,843 | +42.1% |
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 7 October 2026 via checked.be.