Skip to content

LUC SCHEERS: 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.

What changed

LUC SCHEERS

BE 0890.599.065
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€67,837
2024 · €15,025+€52,812
Equity
€375,524
2024 · €307,687+€67,837
Cash
€143,971
2024 · €91,488+€52,483
Balance sheet total
€592,211
2024 · €496,122+€96,090

Largest movements

2024 to 2025
Assets
  • Tangible fixed assets +€80,982

    up €80,982 (+41.0%), from €197,511 to €278,492

    of which Furniture and vehicles: +€94,735

  • Cash +€52,483

    up €52,483 (+57.4%), from €91,488 to €143,971

    mainly Depreciation (+€96,185) and Net result for the year (+€67,837)

  • Receivables within one year -€36,756

    down €36,756 (-67.9%), from €54,135 to €17,379

    of which Trade receivables: -€36,423

Equity and liabilities
  • Reserves +€67,837

    up €67,837 (+23.5%), from €289,087 to €356,924

    of which Tax-exempt reserves: +€41,107

  • Debts after one year +€40,074

    up €40,074 (+39.9%), from €100,498 to €140,573

  • Trade debts -€31,445

    down €31,445 (-69.5%), from €45,259 to €13,815

  • Provisions +€13,702

    new in 2025: €13,702

  • Current portion of long-term debt +€10,024

    up €10,024 (+37.2%), from €26,966 to €36,990

Income statement
  • Gross operating margin +€73,098

    up €73,098 (+66.0%), from €110,776 to €183,875

  • Depreciation +€6,552

    up €6,552 (+7.3%), from €89,633 to €96,185

  • Other operating charges -€1,929

    down €1,929 (-51.2%), from €3,770 to €1,841

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €15,025
Gross operating margin +€73,098
Depreciation -€6,552
Other operating charges +€1,929
Financial income -€1,181
Financial charges -€834
Taxes +€54
Deferred taxes and other -€13,702
Result 2025 €67,837

Cash bridge derived

cash 2024 to 2025

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.

From operations +€179,552
Investment -€177,167
Financing +€50,098
Cash 2024 €91,488
Net result for the year +€67,837
Depreciation +€96,185
Receivables within one year +€36,756
Deferred charges and accrued income +€619
Provisions +€13,702
Trade debts -€31,445
Smaller working-capital items -€261
Accrued charges and deferred income -€3,843
Investment in fixed assets (net) -€177,167
Debts after one year +€40,074
Current portion of long-term debt +€10,024
Cash 2025 €143,971
Every line side by side 52 lines
Line Code 2024 2025 Change %
Total assets 20/58 €496,122 €592,211 +€96,090 +19.4%
Fixed assets 21/28 €197,646 €278,627 +€80,982 +41.0%
Tangible fixed assets 22/27 €197,511 €278,492 +€80,982 +41.0%
Land and buildings 22 €8,633 €8,959 +€327 +3.8%
Plant, machinery and equipment 23 €73,446 €59,366 -€14,080 -19.2%
Furniture and vehicles 24 €115,432 €210,167 +€94,735 +82.1%
Financial fixed assets 28 €135 €135 = 0.0%
Current assets 29/58 €298,476 €313,584 +€15,108 +5.1%
Amounts receivable within one year 40/41 €54,135 €17,379 -€36,756 -67.9%
Trade receivables 40 €52,520 €16,098 -€36,423 -69.3%
Other amounts receivable 41 €1,615 €1,282 -€333 -20.6%
Current investments 50/53 €150,000 €150,000 = 0.0%
Cash at bank and in hand 54/58 €91,488 €143,971 +€52,483 +57.4%
Deferred charges and accrued income 490/1 €2,853 €2,234 -€619 -21.7%
Total equity and liabilities 10/49 €496,122 €592,211 +€96,090 +19.4%
Equity 10/15 €307,687 €375,524 +€67,837 +22.0%
Contributions 10/11 €18,600 €18,600 = 0.0%
Reserves 13 €289,087 €356,924 +€67,837 +23.5%
Tax-exempt reserves 132 - €41,107 +€41,107
Distributable reserves 133 €289,087 €315,817 +€26,730 +9.2%
Provisions and deferred taxes 16 - €13,702 +€13,702
Deferred taxes 168 - €13,702 +€13,702
Amounts payable 17/49 €188,435 €202,985 +€14,550 +7.7%
Amounts payable after more than one year 17 €100,498 €140,573 +€40,074 +39.9%
Financial debts 170/4 €100,498 €140,573 +€40,074 +39.9%
Amounts payable within one year 42/48 €79,251 €57,570 -€21,682 -27.4%
Current portion of amounts payable after more than one year 42 €26,966 €36,990 +€10,024 +37.2%
Trade debts 44 €45,259 €13,815 -€31,445 -69.5%
Suppliers 440/4 €45,259 €13,815 -€31,445 -69.5%
Taxes, remuneration and social security 45 €3,822 €3,912 +€89 +2.3%
Taxes 450/3 €3,822 €2,432 -€1,391 -36.4%
Remuneration and social security 454/9 - €1,480 +€1,480
Other amounts payable 47/48 €3,204 €2,854 -€350 -10.9%
Accrued charges and deferred income 492/3 €8,685 €4,843 -€3,843 -44.2%
Non-recurring operating income 76A - €68,512 +€68,512
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €89,633 €96,185 +€6,552 +7.3%
Other operating charges 640/8 €3,770 €1,841 -€1,929 -51.2%
Gross operating margin 9900 €110,776 €183,875 +€73,098 +66.0%
Operating profit (loss) 9901 €17,373 €85,849 +€68,476 +394.1%
Financial income 75/76B €8,315 €7,135 -€1,181 -14.2%
Recurring financial income 75 €3,818 €2,527 -€1,291 -33.8%
Non-recurring financial income 76B €4,497 €4,607 +€110 +2.4%
Financial charges 65/66B €5,133 €5,967 +€834 +16.2%
Recurring financial charges 65 €5,133 €5,967 +€834 +16.2%
Profit (loss) for the period before taxes 9903 €20,555 €87,016 +€66,461 +323.3%
Transfer from deferred taxes 780 - €3,426 +€3,426
Transfer to deferred taxes 680 - €17,128 +€17,128
Income taxes 67/77 €5,531 €5,477 -€54 -1.0%
Profit (loss) for the period 9904 €15,025 €67,837 +€52,812 +351.5%
Transfer from tax-exempt reserves 789 - €10,277 +€10,277
Transfer to tax-exempt reserves 689 - €51,384 +€51,384
Profit (loss) for the period to be appropriated 9905 €15,025 €26,730 +€11,705 +77.9%

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 8 October 2026 via checked.be.