SCHEPENS: 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.
SCHEPENS
Largest movements
- Cash +€19,576
up €19,576 (+34.4%), from €56,881 to €76,456
mainly Net result for the year (+€29,290) and Receivables within one year (+€18,426)
- Receivables within one year -€18,426
down €18,426 (-40.8%), from €45,108 to €26,682
of which Trade receivables: -€10,423
- Reserves +€29,200
up €29,200 (+30.1%), from €96,872 to €126,072
of which Distributable reserves: +€29,200
- Debts after one year -€12,987
down €12,987 (-39.8%), from €32,644 to €19,657
- Trade debts -€8,465
down €8,465 (-53.0%), from €15,974 to €7,509
- Accrued charges and deferred income -€5,814
down €5,814 (-99.5%), from €5,846 to €32
- Other debts -€5,075
no longer reported in 2025 (was €5,075)
- Staff costs -€3,551
down €3,551 (-2.1%), from €172,603 to €169,052
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 | €215,994 | €220,161 | +€4,167 | +1.9% |
| Fixed assets | 21/28 | €89,164 | €90,318 | +€1,154 | +1.3% |
| Tangible fixed assets | 22/27 | €88,154 | €89,308 | +€1,154 | +1.3% |
| Land and buildings | 22 | €83,443 | €75,973 | -€7,469 | -9.0% |
| Furniture and vehicles | 24 | €2,135 | €10,758 | +€8,623 | +404% |
| Leasing and similar rights | 25 | €2,577 | €2,577 | = | 0.0% |
| Financial fixed assets | 28 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €126,830 | €129,843 | +€3,013 | +2.4% |
| Amounts receivable within one year | 40/41 | €45,108 | €26,682 | -€18,426 | -40.8% |
| Trade receivables | 40 | €10,423 | - | -€10,423 | |
| Other amounts receivable | 41 | €34,685 | €26,682 | -€8,003 | -23.1% |
| Cash at bank and in hand | 54/58 | €56,881 | €76,456 | +€19,576 | +34.4% |
| Deferred charges and accrued income | 490/1 | €24,841 | €26,705 | +€1,864 | +7.5% |
| Total equity and liabilities | 10/49 | €215,994 | €220,161 | +€4,167 | +1.9% |
| Equity | 10/15 | €114,956 | €144,246 | +€29,290 | +25.5% |
| Contributions | 10/11 | €17,920 | €17,920 | = | 0.0% |
| Reserves | 13 | €96,872 | €126,072 | +€29,200 | +30.1% |
| Non-distributable reserves | 130/1 | €3,072 | €3,072 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,072 | €3,072 | = | 0.0% |
| Distributable reserves | 133 | €93,800 | €123,000 | +€29,200 | +31.1% |
| Profit (loss) carried forward | 14 | €164 | €254 | +€90 | +54.8% |
| Amounts payable | 17/49 | €101,038 | €75,915 | -€25,123 | -24.9% |
| Amounts payable after more than one year | 17 | €32,644 | €19,657 | -€12,987 | -39.8% |
| Financial debts | 170/4 | €32,644 | €19,657 | -€12,987 | -39.8% |
| Amounts payable within one year | 42/48 | €62,547 | €56,225 | -€6,322 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €12,603 | €12,860 | +€257 | +2.0% |
| Financial debts | 43 | - | €3,852 | +€3,852 | |
| Credit institutions | 430/8 | - | €3,852 | +€3,852 | |
| Trade debts | 44 | €15,974 | €7,509 | -€8,465 | -53.0% |
| Suppliers | 440/4 | €15,974 | €7,509 | -€8,465 | -53.0% |
| Advances received on contracts in progress | 46 | €904 | - | -€904 | |
| Taxes, remuneration and social security | 45 | €27,992 | €32,004 | +€4,012 | +14.3% |
| Taxes | 450/3 | €7,708 | €11,667 | +€3,958 | +51.4% |
| Remuneration and social security | 454/9 | €20,283 | €20,337 | +€54 | +0.3% |
| Other amounts payable | 47/48 | €5,075 | - | -€5,075 | |
| Accrued charges and deferred income | 492/3 | €5,846 | €32 | -€5,814 | -99.5% |
| Remuneration, social security and pensions | 62 | €172,603 | €169,052 | -€3,551 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,080 | €8,766 | +€686 | +8.5% |
| Other operating charges | 640/8 | €1,685 | €1,790 | +€106 | +6.3% |
| Gross operating margin | 9900 | €223,883 | €224,707 | +€824 | +0.4% |
| Operating profit (loss) | 9901 | €41,515 | €45,098 | +€3,583 | +8.6% |
| Financial income | 75/76B | €694 | €512 | -€181 | -26.1% |
| Recurring financial income | 75 | €694 | €512 | -€181 | -26.1% |
| Financial charges | 65/66B | €2,256 | €2,209 | -€48 | -2.1% |
| Recurring financial charges | 65 | €2,256 | €2,209 | -€48 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €39,953 | €43,402 | +€3,449 | +8.6% |
| Income taxes | 67/77 | €13,846 | €14,112 | +€266 | +1.9% |
| Profit (loss) for the period | 9904 | €26,107 | €29,290 | +€3,183 | +12.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,107 | €29,290 | +€3,183 | +12.2% |
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 27 October 2026 via checked.be.