SCHERPENBERG: 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.
SCHERPENBERG
Largest movements
- Tangible fixed assets -€45,501
down €45,501 (-22.4%), from €203,267 to €157,766
of which Other tangible fixed assets: -€30,371
- Cash +€17,008
up €17,008 (+32.9%), from €51,720 to €68,728
mainly Depreciation (+€40,980) and Net result for the year (+€26,352)
- Receivables within one year +€9,687
up €9,687 (+129%), from €7,512 to €17,199
of which Trade receivables: +€8,865
- Financial fixed assets +€4,155
up €4,155 (+2,793%), from €149 to €4,304
- Debts after one year -€29,606
down €29,606 (-15.3%), from €193,302 to €163,696
- Profit (loss) carried forward +€26,352
up €26,352 (+23.7%), from -€111,170 to -€84,818
- Tax, wage and social debts -€11,473
down €11,473 (-29.7%), from €38,643 to €27,170
of which Remuneration and social security: -€7,948
- Trade debts +€5,564
up €5,564 (+19.5%), from €28,491 to €34,055
- Current portion of long-term debt -€4,643
down €4,643 (-13.6%), from €34,249 to €29,606
- Gross operating margin +€22,042
up €22,042 (+10.7%), from €206,666 to €228,708
- Staff costs -€13,779
down €13,779 (-8.8%), from €157,244 to €143,465
- Depreciation -€10,352
down €10,352 (-20.2%), from €51,331 to €40,980
- Financial charges +€4,512
up €4,512 (+79.1%), from €5,701 to €10,213
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 | €279,401 | €265,120 | -€14,281 | -5.1% |
| Fixed assets | 21/28 | €203,416 | €162,069 | -€41,346 | -20.3% |
| Tangible fixed assets | 22/27 | €203,267 | €157,766 | -€45,501 | -22.4% |
| Plant, machinery and equipment | 23 | €20,701 | €15,253 | -€5,448 | -26.3% |
| Furniture and vehicles | 24 | €27,705 | €18,022 | -€9,683 | -34.9% |
| Other tangible fixed assets | 26 | €154,861 | €124,490 | -€30,371 | -19.6% |
| Financial fixed assets | 28 | €149 | €4,304 | +€4,155 | +2,793% |
| Current assets | 29/58 | €75,985 | €103,051 | +€27,066 | +35.6% |
| Stocks and contracts in progress | 3 | €14,489 | €14,664 | +€175 | +1.2% |
| Stocks | 30/36 | €14,489 | €14,664 | +€175 | +1.2% |
| Amounts receivable within one year | 40/41 | €7,512 | €17,199 | +€9,687 | +129% |
| Trade receivables | 40 | €2,073 | €10,938 | +€8,865 | +428% |
| Other amounts receivable | 41 | €5,439 | €6,261 | +€822 | +15.1% |
| Cash at bank and in hand | 54/58 | €51,720 | €68,728 | +€17,008 | +32.9% |
| Deferred charges and accrued income | 490/1 | €2,264 | €2,459 | +€195 | +8.6% |
| Total equity and liabilities | 10/49 | €279,401 | €265,120 | -€14,281 | -5.1% |
| Equity | 10/15 | -€18,741 | €7,611 | +€26,352 | |
| Contributions | 10/11 | €68,171 | €68,171 | = | 0.0% |
| Reserves | 13 | €24,258 | €24,258 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €5,508 | €5,508 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,170 | -€84,818 | +€26,352 | +23.7% |
| Amounts payable | 17/49 | €298,142 | €257,509 | -€40,632 | -13.6% |
| Amounts payable after more than one year | 17 | €193,302 | €163,696 | -€29,606 | -15.3% |
| Financial debts | 170/4 | €193,302 | €163,696 | -€29,606 | -15.3% |
| Amounts payable within one year | 42/48 | €101,857 | €90,830 | -€11,026 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €34,249 | €29,606 | -€4,643 | -13.6% |
| Trade debts | 44 | €28,491 | €34,055 | +€5,564 | +19.5% |
| Suppliers | 440/4 | €28,491 | €34,055 | +€5,564 | +19.5% |
| Taxes, remuneration and social security | 45 | €38,643 | €27,170 | -€11,473 | -29.7% |
| Taxes | 450/3 | €12,488 | €8,962 | -€3,526 | -28.2% |
| Remuneration and social security | 454/9 | €26,155 | €18,207 | -€7,948 | -30.4% |
| Other amounts payable | 47/48 | €473 | €0 | -€473 | -100% |
| Accrued charges and deferred income | 492/3 | €2,983 | €2,983 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €157,244 | €143,465 | -€13,779 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,331 | €40,980 | -€10,352 | -20.2% |
| Other operating charges | 640/8 | €8,175 | €7,699 | -€476 | -5.8% |
| Gross operating margin | 9900 | €206,666 | €228,708 | +€22,042 | +10.7% |
| Operating profit (loss) | 9901 | -€10,086 | €36,564 | +€46,650 | |
| Financial income | 75/76B | €1,700 | €1 | -€1,699 | -99.9% |
| Recurring financial income | 75 | €1,700 | €1 | -€1,699 | -99.9% |
| Financial charges | 65/66B | €5,701 | €10,213 | +€4,512 | +79.1% |
| Recurring financial charges | 65 | €5,701 | €10,213 | +€4,512 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,087 | €26,352 | +€40,438 | |
| Income taxes | 67/77 | €433 | €0 | -€433 | -100% |
| Profit (loss) for the period | 9904 | -€14,520 | €26,352 | +€40,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,520 | €26,352 | +€40,872 |
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 16 October 2026 via checked.be.