SCHAPMAN: 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.
SCHAPMAN
Largest movements
- Cash -€9,896
down €9,896 (-70.7%), from €14,006 to €4,110
mainly Other debts (-€172,500) and Debts after one year (-€50,460)
- Other debts -€172,500
down €172,500 (-58.3%), from €295,801 to €123,301
- Reserves +€168,046
up €168,046 (+129.4%), from €129,844 to €297,890
- Debts after one year -€50,460
down €50,460 (-27.0%), from €186,800 to €136,340
- Tax, wage and social debts +€47,973
up €47,973 (+130.3%), from €36,803 to €84,776
- Gross operating margin +€189,834
up €189,834 (+312.1%), from €60,829 to €250,663
- Taxes +€63,357
up €63,357 (+553.1%), from €11,456 to €74,813
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 | €717,439 | €705,484 | -€11,955 | -1.7% |
| Fixed assets | 21/28 | €700,950 | €700,691 | -€259 | 0.0% |
| Tangible fixed assets | 22/27 | €950 | €691 | -€259 | -27.3% |
| Furniture and vehicles | 24 | €950 | €691 | -€259 | -27.3% |
| Financial fixed assets | 28 | €700,000 | €700,000 | = | 0.0% |
| Current assets | 29/58 | €16,490 | €4,794 | -€11,696 | -70.9% |
| Amounts receivable within one year | 40/41 | €778 | €684 | -€95 | -12.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €778 | €684 | -€95 | -12.1% |
| Cash at bank and in hand | 54/58 | €14,006 | €4,110 | -€9,896 | -70.7% |
| Deferred charges and accrued income | 490/1 | €1,705 | €0 | -€1,705 | -100.0% |
| Total equity and liabilities | 10/49 | €717,439 | €705,484 | -€11,955 | -1.7% |
| Equity | 10/15 | €134,344 | €302,390 | +€168,046 | +125.1% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €129,844 | €297,890 | +€168,046 | +129.4% |
| Distributable reserves | 133 | €129,844 | €297,890 | +€168,046 | +129.4% |
| Amounts payable | 17/49 | €583,095 | €403,094 | -€180,001 | -30.9% |
| Amounts payable after more than one year | 17 | €186,800 | €136,340 | -€50,460 | -27.0% |
| Financial debts | 170/4 | €186,800 | €136,340 | -€50,460 | -27.0% |
| Amounts payable within one year | 42/48 | €392,695 | €266,754 | -€125,941 | -32.1% |
| Current portion of amounts payable after more than one year | 42 | €53,262 | €54,608 | +€1,347 | +2.5% |
| Trade debts | 44 | €6,829 | €4,069 | -€2,760 | -40.4% |
| Suppliers | 440/4 | €6,829 | €4,069 | -€2,760 | -40.4% |
| Taxes, remuneration and social security | 45 | €36,803 | €84,776 | +€47,973 | +130.3% |
| Taxes | 450/3 | €36,803 | €84,776 | +€47,973 | +130.3% |
| Other amounts payable | 47/48 | €295,801 | €123,301 | -€172,500 | -58.3% |
| Accrued charges and deferred income | 492/3 | €3,600 | €0 | -€3,600 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €259 | = | 0.0% |
| Other operating charges | 640/8 | €1,260 | €1,498 | +€239 | +19.0% |
| Gross operating margin | 9900 | €60,829 | €250,663 | +€189,834 | +312.1% |
| Operating profit (loss) | 9901 | €59,311 | €248,905 | +€189,595 | +319.7% |
| Financial charges | 65/66B | €7,312 | €6,046 | -€1,266 | -17.3% |
| Recurring financial charges | 65 | €7,312 | €6,046 | -€1,266 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €51,998 | €242,859 | +€190,861 | +367.1% |
| Income taxes | 67/77 | €11,456 | €74,813 | +€63,357 | +553.1% |
| Profit (loss) for the period | 9904 | €40,542 | €168,046 | +€127,504 | +314.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,542 | €168,046 | +€127,504 | +314.5% |
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.