Reinhold Schepers: what changed
Two financial 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.
Reinhold Schepers
Largest movements
- Cash +€19,790
up €19,790 (+120%), from €16,448 to €36,238
mainly Net result for the year (+€27,733) and Tax, wage and social debts (+€5,731)
- Receivables within one year +€10,186
up €10,186 (+92.1%), from €11,055 to €21,241
of which Trade receivables: +€6,942
- Deferred charges and accrued income +€7,652
up €7,652 (+237%), from €3,230 to €10,881
- Reserves +€27,733
up €27,733 (+108%), from €25,672 to €53,405
- Tax, wage and social debts +€5,731
up €5,731, from €0 to €5,731
- Other debts +€2,738
up €2,738 (+47.0%), from €5,821 to €8,559
- Trade debts +€1,668
up €1,668 (+182%), from €917 to €2,586
- Gross operating margin +€3,117
up €3,117 (+9.9%), from €31,586 to €34,704
- Taxes -€2,795
down €2,795 (-49.9%), from €5,602 to €2,807
- Depreciation -€478
down €478 (-20.5%), from €2,330 to €1,852
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.
Derived cash bridge
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 | €35,689 | €73,321 | +€37,633 | +105% |
| Fixed assets | 21/28 | €4,956 | €4,961 | +€4 | +0.1% |
| Tangible fixed assets | 22/27 | €4,956 | €4,961 | +€4 | +0.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,801 | €4,961 | +€160 | +3.3% |
| Other tangible fixed assets | 26 | €156 | €0 | -€156 | -100% |
| Current assets | 29/58 | €30,732 | €68,361 | +€37,628 | +122% |
| Amounts receivable within one year | 40/41 | €11,055 | €21,241 | +€10,186 | +92.1% |
| Trade receivables | 40 | €8,579 | €15,521 | +€6,942 | +80.9% |
| Other amounts receivable | 41 | €2,476 | €5,720 | +€3,245 | +131% |
| Cash at bank and in hand | 54/58 | €16,448 | €36,238 | +€19,790 | +120% |
| Deferred charges and accrued income | 490/1 | €3,230 | €10,881 | +€7,652 | +237% |
| Total equity and liabilities | 10/49 | €35,689 | €73,321 | +€37,633 | +105% |
| Equity | 10/15 | €28,172 | €55,905 | +€27,733 | +98.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €25,672 | €53,405 | +€27,733 | +108% |
| Distributable reserves | 133 | €25,672 | €53,405 | +€27,733 | +108% |
| Amounts payable | 17/49 | €7,516 | €17,417 | +€9,900 | +132% |
| Amounts payable within one year | 42/48 | €6,738 | €16,876 | +€10,138 | +150% |
| Trade debts | 44 | €917 | €2,586 | +€1,668 | +182% |
| Suppliers | 440/4 | €917 | €2,586 | +€1,668 | +182% |
| Taxes, remuneration and social security | 45 | €0 | €5,731 | +€5,731 | |
| Taxes | 450/3 | €0 | €5,731 | +€5,731 | |
| Other amounts payable | 47/48 | €5,821 | €8,559 | +€2,738 | +47.0% |
| Accrued charges and deferred income | 492/3 | €778 | €541 | -€238 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,330 | €1,852 | -€478 | -20.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,486 | €1,498 | +€12 | +0.8% |
| Gross operating margin | 9900 | €31,586 | €34,704 | +€3,117 | +9.9% |
| Operating profit (loss) | 9901 | €27,771 | €31,354 | +€3,583 | +12.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €950 | €814 | -€136 | -14.4% |
| Recurring financial charges | 65 | €950 | €814 | -€136 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €26,821 | €30,540 | +€3,719 | +13.9% |
| Income taxes | 67/77 | €5,602 | €2,807 | -€2,795 | -49.9% |
| Profit (loss) for the period | 9904 | €21,219 | €27,733 | +€6,514 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,219 | €27,733 | +€6,514 | +30.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.