Schepers Projects: 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.
Schepers Projects
Largest movements
- Stocks and contracts +€220,862
new in 2025: €220,862
- Cash -€88,430
down €88,430 (-60.4%), from €146,517 to €58,087
mainly Stocks and contracts (-€220,862) and Receivables within one year (-€24,410)
- Receivables within one year +€24,410
up €24,410 (+404.3%), from €6,038 to €30,448
of which Trade receivables: +€23,385
- Tangible fixed assets -€20,480
down €20,480 (-29.9%), from €68,393 to €47,913
of which Furniture and vehicles: -€17,742
- Short-term financial debts +€130,431
up €130,431 (+43926.5%), from €297 to €130,728
- Reserves +€22,589
up €22,589 (+19.7%), from €114,445 to €137,033
- Debts after one year -€9,917
down €9,917 (-30.2%), from €32,825 to €22,908
- Gross operating margin -€6,077
down €6,077 (-9.5%), from €64,184 to €58,107
- Depreciation +€3,417
up €3,417 (+20.0%), from €17,064 to €20,480
- Taxes -€1,192
down €1,192 (-10.9%), from €10,922 to €9,730
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 | €221,937 | €359,110 | +€137,173 | +61.8% |
| Fixed assets | 21/28 | €68,543 | €48,063 | -€20,480 | -29.9% |
| Tangible fixed assets | 22/27 | €68,393 | €47,913 | -€20,480 | -29.9% |
| Land and buildings | 22 | €11,822 | €9,083 | -€2,739 | -23.2% |
| Furniture and vehicles | 24 | €56,571 | €38,829 | -€17,742 | -31.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €153,394 | €311,047 | +€157,653 | +102.8% |
| Stocks and contracts in progress | 3 | - | €220,862 | +€220,862 | |
| Stocks | 30/36 | - | €220,862 | +€220,862 | |
| Amounts receivable within one year | 40/41 | €6,038 | €30,448 | +€24,410 | +404.3% |
| Trade receivables | 40 | €1,860 | €25,245 | +€23,385 | +1257.2% |
| Other amounts receivable | 41 | €4,178 | €5,203 | +€1,025 | +24.5% |
| Cash at bank and in hand | 54/58 | €146,517 | €58,087 | -€88,430 | -60.4% |
| Deferred charges and accrued income | 490/1 | €839 | €1,651 | +€812 | +96.8% |
| Total equity and liabilities | 10/49 | €221,937 | €359,110 | +€137,173 | +61.8% |
| Equity | 10/15 | €131,445 | €154,033 | +€22,589 | +17.2% |
| Contributions | 10/11 | €17,000 | €17,000 | = | 0.0% |
| Reserves | 13 | €114,445 | €137,033 | +€22,589 | +19.7% |
| Distributable reserves | 133 | €114,445 | €137,033 | +€22,589 | +19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,492 | €205,077 | +€114,584 | +126.6% |
| Amounts payable after more than one year | 17 | €32,825 | €22,908 | -€9,917 | -30.2% |
| Financial debts | 170/4 | €32,825 | €22,908 | -€9,917 | -30.2% |
| Amounts payable within one year | 42/48 | €57,668 | €182,169 | +€124,501 | +215.9% |
| Current portion of amounts payable after more than one year | 42 | €9,999 | €9,917 | -€82 | -0.8% |
| Financial debts | 43 | €297 | €130,728 | +€130,431 | +43926.5% |
| Credit institutions | 430/8 | €297 | €130,728 | +€130,431 | +43926.5% |
| Trade debts | 44 | €5,018 | €2,244 | -€2,774 | -55.3% |
| Suppliers | 440/4 | €5,018 | €2,244 | -€2,774 | -55.3% |
| Taxes, remuneration and social security | 45 | €3,368 | €3,331 | -€37 | -1.1% |
| Taxes | 450/3 | €3,368 | €3,331 | -€37 | -1.1% |
| Other amounts payable | 47/48 | €38,986 | €35,949 | -€3,037 | -7.8% |
| Non-recurring operating income | 76A | €4,913 | €0 | -€4,913 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,064 | €20,480 | +€3,417 | +20.0% |
| Other operating charges | 640/8 | €2,066 | €1,556 | -€510 | -24.7% |
| Non-recurring operating charges | 66A | €1,204 | €0 | -€1,204 | -100.0% |
| Gross operating margin | 9900 | €64,184 | €58,107 | -€6,077 | -9.5% |
| Operating profit (loss) | 9901 | €43,850 | €36,070 | -€7,780 | -17.7% |
| Financial income | 75/76B | €117 | €19 | -€98 | -83.7% |
| Recurring financial income | 75 | €117 | €19 | -€98 | -83.7% |
| Financial charges | 65/66B | €3,272 | €2,938 | -€334 | -10.2% |
| Recurring financial charges | 65 | €3,272 | €2,938 | -€334 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €40,695 | €33,151 | -€7,544 | -18.5% |
| Income taxes | 67/77 | €10,922 | €9,730 | -€1,192 | -10.9% |
| Profit (loss) for the period | 9904 | €29,773 | €23,422 | -€6,352 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,773 | €23,422 | -€6,352 | -21.3% |
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 1 October 2026 via checked.be.