Schepens & Co: 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 & Co
Largest movements
- Receivables within one year -€214,356
down €214,356 (-51.4%), from €416,796 to €202,440
of which Trade receivables: -€217,534
- Current investments -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Deferred charges and accrued income +€147,164
up €147,164 (+461.3%), from €31,905 to €179,069
- Cash -€122,943
down €122,943 (-28.3%), from €434,858 to €311,915
mainly Trade debts (-€276,060) and Deferred charges and accrued income (-€147,164)
- Trade debts -€276,060
down €276,060 (-77.5%), from €356,067 to €80,007
- Other debts -€138,949
down €138,949 (-100.0%), from €138,969 to €20
- Reserves +€13,829
up €13,829 (+2.8%), from €492,353 to €506,182
of which Distributable reserves: +€13,829
- Gross operating margin +€178,077
up €178,077 (+30.5%), from €584,307 to €762,385
- Financial income -€159,653
down €159,653 (-49.1%), from €324,889 to €165,236
- Financial charges +€25,222
up €25,222 (+49.6%), from €50,821 to €76,043
- Other operating charges -€8,398
down €8,398 (-70.1%), from €11,981 to €3,583
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 | €1,107,251 | €708,694 | -€398,557 | -36.0% |
| Fixed assets | 21/28 | €23,691 | €15,270 | -€8,421 | -35.5% |
| Tangible fixed assets | 22/27 | €22,714 | €14,293 | -€8,421 | -37.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €22,714 | €14,293 | -€8,421 | -37.1% |
| Financial fixed assets | 28 | €977 | €977 | = | 0.0% |
| Current assets | 29/58 | €1,083,560 | €693,424 | -€390,136 | -36.0% |
| Amounts receivable within one year | 40/41 | €416,796 | €202,440 | -€214,356 | -51.4% |
| Trade receivables | 40 | €372,280 | €154,745 | -€217,534 | -58.4% |
| Other amounts receivable | 41 | €44,517 | €47,695 | +€3,178 | +7.1% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €434,858 | €311,915 | -€122,943 | -28.3% |
| Deferred charges and accrued income | 490/1 | €31,905 | €179,069 | +€147,164 | +461.3% |
| Total equity and liabilities | 10/49 | €1,107,251 | €708,694 | -€398,557 | -36.0% |
| Equity | 10/15 | €502,353 | €516,182 | +€13,829 | +2.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €492,353 | €506,182 | +€13,829 | +2.8% |
| Tax-exempt reserves | 132 | €67,792 | €67,792 | = | 0.0% |
| Distributable reserves | 133 | €424,561 | €438,390 | +€13,829 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €604,899 | €192,512 | -€412,386 | -68.2% |
| Amounts payable within one year | 42/48 | €569,899 | €152,512 | -€417,386 | -73.2% |
| Financial debts | 43 | €3,951 | €11,231 | +€7,281 | +184.3% |
| Credit institutions | 430/8 | €0 | €11,231 | +€11,231 | |
| Other loans | 439 | €3,951 | €0 | -€3,951 | -100.0% |
| Trade debts | 44 | €356,067 | €80,007 | -€276,060 | -77.5% |
| Suppliers | 440/4 | €356,067 | €80,007 | -€276,060 | -77.5% |
| Taxes, remuneration and social security | 45 | €70,911 | €61,254 | -€9,658 | -13.6% |
| Taxes | 450/3 | €15,600 | €1,240 | -€14,360 | -92.1% |
| Remuneration and social security | 454/9 | €55,311 | €60,014 | +€4,703 | +8.5% |
| Other amounts payable | 47/48 | €138,969 | €20 | -€138,949 | -100.0% |
| Accrued charges and deferred income | 492/3 | €35,000 | €40,000 | +€5,000 | +14.3% |
| Non-recurring operating income | 76A | €1,357 | €16,101 | +€14,744 | +1086.1% |
| Remuneration, social security and pensions | 62 | €705,010 | €698,428 | -€6,582 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,531 | €13,963 | +€2,432 | +21.1% |
| Other operating charges | 640/8 | €11,981 | €3,583 | -€8,398 | -70.1% |
| Gross operating margin | 9900 | €584,307 | €762,385 | +€178,077 | +30.5% |
| Operating profit (loss) | 9901 | -€144,214 | €46,412 | +€190,626 | |
| Financial income | 75/76B | €324,889 | €165,236 | -€159,653 | -49.1% |
| Recurring financial income | 75 | €324,889 | €165,236 | -€159,653 | -49.1% |
| Financial charges | 65/66B | €50,821 | €76,043 | +€25,222 | +49.6% |
| Recurring financial charges | 65 | €50,821 | €76,043 | +€25,222 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | €129,854 | €135,604 | +€5,751 | +4.4% |
| Income taxes | 67/77 | €1,858 | €1,775 | -€82 | -4.4% |
| Profit (loss) for the period | 9904 | €127,996 | €133,829 | +€5,833 | +4.6% |
| Profit (loss) for the period to be appropriated | 9905 | €127,996 | €133,829 | +€5,833 | +4.6% |
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 10 October 2026 via checked.be.