SCHEPEX: 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.
SCHEPEX
Largest movements
- Cash -€418,072
down €418,072 (-66.6%), from €627,308 to €209,237
- Receivables within one year +€13,671
up €13,671 (+219%), from €6,243 to €19,914
of which Trade receivables: +€16,901
- Tangible fixed assets -€9,307
down €9,307 (-91.6%), from €10,157 to €849
of which Furniture and vehicles: -€8,922
- Other debts -€472,394
down €472,394 (-98.9%), from €477,850 to €5,456
- Reserves +€75,000
up €75,000 (+34.1%), from €220,260 to €295,260
of which Tax-exempt reserves: +€75,000
- Tax, wage and social debts -€21,732
down €21,732 (-86.7%), from €25,078 to €3,346
- Taxes +€26,159
up €26,159 (+140%), from €18,658 to €44,817
- Gross operating margin +€25,986
up €25,986 (+33.0%), from €78,696 to €104,683
- Financial income +€13,771
up €13,771 (+78.2%), from €17,602 to €31,373
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €795,527 | €380,000 | -€415,528 | -52.2% |
| Fixed assets | 21/28 | €160,157 | €150,849 | -€9,307 | -5.8% |
| Tangible fixed assets | 22/27 | €10,157 | €849 | -€9,307 | -91.6% |
| Plant, machinery and equipment | 23 | €385 | - | -€385 | |
| Furniture and vehicles | 24 | €9,771 | €849 | -€8,922 | -91.3% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €635,371 | €229,150 | -€406,220 | -63.9% |
| Amounts receivable within one year | 40/41 | €6,243 | €19,914 | +€13,671 | +219% |
| Trade receivables | 40 | €500 | €17,401 | +€16,901 | +3,380% |
| Other amounts receivable | 41 | €5,743 | €2,513 | -€3,230 | -56.2% |
| Cash at bank and in hand | 54/58 | €627,308 | €209,237 | -€418,072 | -66.6% |
| Deferred charges and accrued income | 490/1 | €1,820 | - | -€1,820 | |
| Total equity and liabilities | 10/49 | €795,527 | €380,000 | -€415,528 | -52.2% |
| Equity | 10/15 | €288,280 | €367,542 | +€79,262 | +27.5% |
| Reserves | 13 | €220,260 | €295,260 | +€75,000 | +34.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €206,000 | €281,000 | +€75,000 | +36.4% |
| Distributable reserves | 133 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,020 | €72,282 | +€4,262 | +6.3% |
| Amounts payable | 17/49 | €507,247 | €12,457 | -€494,790 | -97.5% |
| Amounts payable within one year | 42/48 | €504,747 | €9,957 | -€494,790 | -98.0% |
| Trade debts | 44 | €1,820 | €1,155 | -€664 | -36.5% |
| Suppliers | 440/4 | €1,820 | €1,155 | -€664 | -36.5% |
| Taxes, remuneration and social security | 45 | €25,078 | €3,346 | -€21,732 | -86.7% |
| Taxes | 450/3 | €25,078 | €3,346 | -€21,732 | -86.7% |
| Other amounts payable | 47/48 | €477,850 | €5,456 | -€472,394 | -98.9% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,313 | €10,292 | -€20 | -0.2% |
| Other operating charges | 640/8 | €754 | €1,476 | +€723 | +95.9% |
| Gross operating margin | 9900 | €78,696 | €104,683 | +€25,986 | +33.0% |
| Operating profit (loss) | 9901 | €67,630 | €92,914 | +€25,284 | +37.4% |
| Financial income | 75/76B | €17,602 | €31,373 | +€13,771 | +78.2% |
| Recurring financial income | 75 | €17,602 | €31,373 | +€13,771 | +78.2% |
| Financial charges | 65/66B | €184 | €209 | +€25 | +13.4% |
| Recurring financial charges | 65 | €184 | €209 | +€25 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €85,048 | €124,079 | +€39,031 | +45.9% |
| Income taxes | 67/77 | €18,658 | €44,817 | +€26,159 | +140% |
| Profit (loss) for the period | 9904 | €66,390 | €79,262 | +€12,872 | +19.4% |
| Transfer from tax-exempt reserves | 789 | €503,000 | - | -€503,000 | |
| Transfer to tax-exempt reserves | 689 | €66,000 | €75,000 | +€9,000 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €503,390 | €4,262 | -€499,128 | -99.2% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.