SAM 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.
SAM SCHEERS
Largest movements
- Receivables within one year +€74,347
up €74,347 (+974.5%), from €7,629 to €81,976
of which Trade receivables: +€53,586
- Tangible fixed assets -€34,798
down €34,798 (-19.8%), from €175,975 to €141,177
of which Furniture and vehicles: -€30,805
- Cash +€19,353
up €19,353 (+24.3%), from €79,695 to €99,048
- Reserves +€24,918
up €24,918 (+29.0%), from €85,857 to €110,775
- Trade debts +€21,689
up €21,689 (+1002.4%), from €2,164 to €23,852
- Current portion of long-term debt +€16,108
up €16,108 (+48.6%), from €33,117 to €49,225
- Debts after one year +€15,002
up €15,002 (+16.5%), from €91,003 to €106,005
- Other debts -€10,523
down €10,523 (-100.0%), from €10,523 to €0
- Staff costs +€230,288
up €230,288 (+601.5%), from €38,284 to €268,571
- Gross operating margin +€219,243
up €219,243 (+116.6%), from €187,962 to €407,205
- Depreciation +€49,181
up €49,181 (+152.3%), from €32,299 to €81,481
- Taxes -€14,683
down €14,683 (-62.6%), from €23,466 to €8,783
- Financial charges +€8,242
up €8,242 (+182.2%), from €4,523 to €12,765
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,299 | €322,201 | +€58,902 | +22.4% |
| Fixed assets | 21/28 | €175,975 | €141,177 | -€34,798 | -19.8% |
| Tangible fixed assets | 22/27 | €175,975 | €141,177 | -€34,798 | -19.8% |
| Plant, machinery and equipment | 23 | €22,173 | €18,179 | -€3,994 | -18.0% |
| Furniture and vehicles | 24 | €153,802 | €122,997 | -€30,805 | -20.0% |
| Current assets | 29/58 | €87,324 | €181,024 | +€93,700 | +107.3% |
| Amounts receivable within one year | 40/41 | €7,629 | €81,976 | +€74,347 | +974.5% |
| Trade receivables | 40 | €7,629 | €61,215 | +€53,586 | +702.4% |
| Other amounts receivable | 41 | - | €20,761 | +€20,761 | |
| Cash at bank and in hand | 54/58 | €79,695 | €99,048 | +€19,353 | +24.3% |
| Total equity and liabilities | 10/49 | €263,299 | €322,201 | +€58,902 | +22.4% |
| Equity | 10/15 | €88,357 | €113,275 | +€24,918 | +28.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €85,857 | €110,775 | +€24,918 | +29.0% |
| Distributable reserves | 133 | €85,857 | €110,775 | +€24,918 | +29.0% |
| Amounts payable | 17/49 | €174,942 | €208,926 | +€33,984 | +19.4% |
| Amounts payable after more than one year | 17 | €91,003 | €106,005 | +€15,002 | +16.5% |
| Financial debts | 170/4 | €91,003 | €106,005 | +€15,002 | +16.5% |
| Amounts payable within one year | 42/48 | €83,495 | €102,921 | +€19,427 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €33,117 | €49,225 | +€16,108 | +48.6% |
| Trade debts | 44 | €2,164 | €23,852 | +€21,689 | +1002.4% |
| Suppliers | 440/4 | €2,164 | €23,852 | +€21,689 | +1002.4% |
| Taxes, remuneration and social security | 45 | €37,691 | €29,844 | -€7,847 | -20.8% |
| Taxes | 450/3 | €26,410 | €12,559 | -€13,851 | -52.4% |
| Remuneration and social security | 454/9 | €11,281 | €17,285 | +€6,004 | +53.2% |
| Other amounts payable | 47/48 | €10,523 | €0 | -€10,523 | -100.0% |
| Accrued charges and deferred income | 492/3 | €444 | €0 | -€444 | -100.0% |
| Non-recurring operating income | 76A | - | €1,623 | +€1,623 | |
| Remuneration, social security and pensions | 62 | €38,284 | €268,571 | +€230,288 | +601.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,299 | €81,481 | +€49,181 | +152.3% |
| Other operating charges | 640/8 | €1,943 | €6,144 | +€4,201 | +216.2% |
| Non-recurring operating charges | 66A | €1,750 | €4,563 | +€2,813 | +160.7% |
| Gross operating margin | 9900 | €187,962 | €407,205 | +€219,243 | +116.6% |
| Operating profit (loss) | 9901 | €113,686 | €46,446 | -€67,240 | -59.1% |
| Financial income | 75/76B | €160 | €19 | -€141 | -88.0% |
| Recurring financial income | 75 | €160 | €19 | -€141 | -88.0% |
| Financial charges | 65/66B | €4,523 | €12,765 | +€8,242 | +182.2% |
| Recurring financial charges | 65 | €4,523 | €12,765 | +€8,242 | +182.2% |
| Profit (loss) for the period before taxes | 9903 | €109,323 | €33,701 | -€75,622 | -69.2% |
| Income taxes | 67/77 | €23,466 | €8,783 | -€14,683 | -62.6% |
| Profit (loss) for the period | 9904 | €85,857 | €24,918 | -€60,939 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,857 | €24,918 | -€60,939 | -71.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.