Schaepgoet: what changed
Schaepgoet
Largest movements
- Tangible fixed assets -€43,457
down €43,457 (-27.6%), from €157,551 to €114,094
of which Furniture and vehicles: -€34,624
- Cash +€3,265
up €3,265 (+61.6%), from €5,298 to €8,563
mainly Depreciation (+€45,149) and Receivables within one year (+€2,757)
- Receivables within one year -€2,757
down €2,757 (-11.9%), from €23,237 to €20,480
of which Other amounts receivable: -€5,871
- Other debts -€35,021
down €35,021 (-14.1%), from €248,021 to €213,000
- Accrued charges and deferred income -€5,480
down €5,480 (-44.5%), from €12,324 to €6,844
- Tax, wage and social debts -€2,632
down €2,632 (-28.3%), from €9,300 to €6,668
- Gross operating margin +€27,172
up €27,172 (+101%), from €26,913 to €54,085
- Other operating charges -€19,658
down €19,658 (-95.0%), from €20,686 to €1,028
- Taxes -€18,726
down €18,726 (-97.8%), from €19,151 to €425
- Depreciation -€2,998
down €2,998 (-6.2%), from €48,148 to €45,149
- Financial charges -€2,459
down €2,459 (-25.5%), from €9,643 to €7,184
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €188,330 | €146,477 | -€41,852 | -22.2% |
| Fixed assets | 21/28 | €159,391 | €115,934 | -€43,457 | -27.3% |
| Tangible fixed assets | 22/27 | €157,551 | €114,094 | -€43,457 | -27.6% |
| Plant, machinery and equipment | 23 | €12,792 | €5,912 | -€6,880 | -53.8% |
| Furniture and vehicles | 24 | €128,142 | €93,518 | -€34,624 | -27.0% |
| Other tangible fixed assets | 26 | €16,617 | €14,664 | -€1,953 | -11.8% |
| Financial fixed assets | 28 | €1,840 | €1,840 | = | 0.0% |
| Current assets | 29/58 | €28,939 | €30,543 | +€1,604 | +5.5% |
| Amounts receivable within one year | 40/41 | €23,237 | €20,480 | -€2,757 | -11.9% |
| Trade receivables | 40 | €14,206 | €17,319 | +€3,114 | +21.9% |
| Other amounts receivable | 41 | €9,032 | €3,161 | -€5,871 | -65.0% |
| Cash at bank and in hand | 54/58 | €5,298 | €8,563 | +€3,265 | +61.6% |
| Deferred charges and accrued income | 490/1 | €404 | €1,500 | +€1,096 | +272% |
| Total equity and liabilities | 10/49 | €188,330 | €146,477 | -€41,852 | -22.2% |
| Equity | 10/15 | -€83,279 | -€83,251 | +€28 | 0.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €603,007 | €603,007 | = | 0.0% |
| Distributable reserves | 133 | €603,007 | €603,007 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€694,346 | -€694,318 | +€28 | 0.0% |
| Amounts payable | 17/49 | €271,609 | €229,729 | -€41,880 | -15.4% |
| Amounts payable within one year | 42/48 | €259,285 | €222,884 | -€36,401 | -14.0% |
| Trade debts | 44 | €1,965 | €3,217 | +€1,252 | +63.7% |
| Suppliers | 440/4 | €1,965 | €3,217 | +€1,252 | +63.7% |
| Taxes, remuneration and social security | 45 | €9,300 | €6,668 | -€2,632 | -28.3% |
| Taxes | 450/3 | €9,300 | €6,668 | -€2,632 | -28.3% |
| Other amounts payable | 47/48 | €248,021 | €213,000 | -€35,021 | -14.1% |
| Accrued charges and deferred income | 492/3 | €12,324 | €6,844 | -€5,480 | -44.5% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,148 | €45,149 | -€2,998 | -6.2% |
| Other operating charges | 640/8 | €20,686 | €1,028 | -€19,658 | -95.0% |
| Non-recurring operating charges | 66A | €11,109 | €270 | -€10,839 | -97.6% |
| Gross operating margin | 9900 | €26,913 | €54,085 | +€27,172 | +101% |
| Operating profit (loss) | 9901 | -€53,030 | €7,637 | +€60,667 | |
| Financial charges | 65/66B | €9,643 | €7,184 | -€2,459 | -25.5% |
| Recurring financial charges | 65 | €9,643 | €7,184 | -€2,459 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€62,673 | €453 | +€63,126 | |
| Income taxes | 67/77 | €19,151 | €425 | -€18,726 | -97.8% |
| Profit (loss) for the period | 9904 | -€81,824 | €28 | +€81,852 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,824 | €28 | +€81,852 |
Next steps
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 2 November 2026 via checked.be.