SCHOEPP MICHEL: 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.
SCHOEPP MICHEL
Largest movements
- Receivables within one year -€26,154
down €26,154 (-4.0%), from €662,122 to €635,968
of which Other amounts receivable: -€14,292
- Tangible fixed assets +€12,827
up €12,827 (+18.6%), from €68,860 to €81,687
of which Furniture and vehicles: +€10,535
- Reserves -€307,384
down €307,384 (-89.0%), from €345,272 to €37,888
of which Distributable reserves: -€307,384
- Other debts +€260,772
up €260,772 (+8,861%), from €2,943 to €263,715
- Trade debts +€46,048
up €46,048 (+25,026%), from €184 to €46,232
- Profit (loss) carried forward -€17,091
down €17,091 (-100%), from €17,091 to €0
- Gross operating margin -€31,117
down €31,117 (-15.4%), from €201,953 to €170,836
- Taxes +€12,418
up €12,418 (+26.2%), from €47,444 to €59,862
- Depreciation +€2,437
up €2,437 (+36.6%), from €6,653 to €9,090
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 | €744,368 | €726,713 | -€17,655 | -2.4% |
| Fixed assets | 21/28 | €70,719 | €83,546 | +€12,827 | +18.1% |
| Tangible fixed assets | 22/27 | €68,860 | €81,687 | +€12,827 | +18.6% |
| Land and buildings | 22 | €65,320 | €65,320 | = | 0.0% |
| Furniture and vehicles | 24 | €2,998 | €13,533 | +€10,535 | +351% |
| Leasing and similar rights | 25 | €542 | - | -€542 | |
| Other tangible fixed assets | 26 | - | €2,834 | +€2,834 | |
| Financial fixed assets | 28 | €1,859 | €1,859 | = | 0.0% |
| Current assets | 29/58 | €673,649 | €643,167 | -€30,482 | -4.5% |
| Amounts receivable within one year | 40/41 | €662,122 | €635,968 | -€26,154 | -4.0% |
| Trade receivables | 40 | €26,225 | €14,363 | -€11,862 | -45.2% |
| Other amounts receivable | 41 | €635,897 | €621,605 | -€14,292 | -2.2% |
| Cash at bank and in hand | 54/58 | €11,527 | €7,199 | -€4,328 | -37.5% |
| Total equity and liabilities | 10/49 | €744,368 | €726,713 | -€17,655 | -2.4% |
| Equity | 10/15 | €741,241 | €416,766 | -€324,475 | -43.8% |
| Contributions | 10/11 | €378,878 | €378,878 | = | 0.0% |
| Capital | 10 | €378,878 | €378,878 | = | 0.0% |
| Issued capital | 100 | €391,270 | €391,270 | = | 0.0% |
| Uncalled capital | 101 | €12,392 | €12,392 | = | 0.0% |
| Reserves | 13 | €345,272 | €37,888 | -€307,384 | -89.0% |
| Non-distributable reserves | 130/1 | €37,888 | €37,888 | = | 0.0% |
| Legal reserve | 130 | €37,888 | €37,888 | = | 0.0% |
| Distributable reserves | 133 | €307,384 | - | -€307,384 | |
| Profit (loss) carried forward | 14 | €17,091 | €0 | -€17,091 | -100% |
| Amounts payable | 17/49 | €3,127 | €309,947 | +€306,820 | +9,812% |
| Amounts payable within one year | 42/48 | €3,127 | €309,947 | +€306,820 | +9,812% |
| Trade debts | 44 | €184 | €46,232 | +€46,048 | +25,026% |
| Suppliers | 440/4 | €184 | €46,232 | +€46,048 | +25,026% |
| Other amounts payable | 47/48 | €2,943 | €263,715 | +€260,772 | +8,861% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,653 | €9,090 | +€2,437 | +36.6% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €201,953 | €170,836 | -€31,117 | -15.4% |
| Operating profit (loss) | 9901 | €194,913 | €161,346 | -€33,567 | -17.2% |
| Financial income | 75/76B | €29,859 | €31,778 | +€1,919 | +6.4% |
| Recurring financial income | 75 | €29,859 | €31,778 | +€1,919 | +6.4% |
| Financial charges | 65/66B | €239 | €255 | +€16 | +6.7% |
| Recurring financial charges | 65 | €239 | €255 | +€16 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €224,533 | €192,869 | -€31,664 | -14.1% |
| Income taxes | 67/77 | €47,444 | €59,862 | +€12,418 | +26.2% |
| Profit (loss) for the period | 9904 | €177,089 | €133,007 | -€44,082 | -24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €177,089 | €133,007 | -€44,082 | -24.9% |
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.