Sheptics: 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.
Sheptics
Largest movements
- Cash +€13,534
up €13,534 (+53.1%), from €25,504 to €39,038
mainly Net result for the year (+€37,943) and Tax, wage and social debts (+€4,993)
- Tangible fixed assets -€3,679
down €3,679 (-15.4%), from €23,852 to €20,173
of which Other tangible fixed assets: -€3,109
- Receivables within one year -€1,643
down €1,643 (-6.1%), from €27,053 to €25,410
of which Trade receivables: -€1,528
- Tax, wage and social debts +€4,993
up €4,993 (+67.3%), from €7,424 to €12,417
- Other debts +€4,741
up €4,741 (+16.9%), from €27,996 to €32,737
- Taxes +€5,402
up €5,402 (+47.0%), from €11,484 to €16,886
- Gross operating margin +€4,923
up €4,923 (+8.9%), from €55,327 to €60,251
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 | €78,005 | €86,723 | +€8,718 | +11.2% |
| Fixed assets | 21/28 | €23,852 | €20,173 | -€3,679 | -15.4% |
| Tangible fixed assets | 22/27 | €23,852 | €20,173 | -€3,679 | -15.4% |
| Plant, machinery and equipment | 23 | €570 | - | -€570 | |
| Other tangible fixed assets | 26 | €23,283 | €20,173 | -€3,109 | -13.4% |
| Current assets | 29/58 | €54,153 | €66,550 | +€12,397 | +22.9% |
| Amounts receivable within one year | 40/41 | €27,053 | €25,410 | -€1,643 | -6.1% |
| Trade receivables | 40 | €26,938 | €25,410 | -€1,528 | -5.7% |
| Other amounts receivable | 41 | €115 | - | -€115 | |
| Cash at bank and in hand | 54/58 | €25,504 | €39,038 | +€13,534 | +53.1% |
| Deferred charges and accrued income | 490/1 | €1,597 | €2,103 | +€506 | +31.7% |
| Total equity and liabilities | 10/49 | €78,005 | €86,723 | +€8,718 | +11.2% |
| Equity | 10/15 | €40,249 | €39,943 | -€306 | -0.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,249 | €37,943 | -€306 | -0.8% |
| Distributable reserves | 133 | €38,249 | €37,943 | -€306 | -0.8% |
| Amounts payable | 17/49 | €37,756 | €46,781 | +€9,024 | +23.9% |
| Amounts payable within one year | 42/48 | €37,756 | €46,781 | +€9,024 | +23.9% |
| Trade debts | 44 | €2,336 | €1,626 | -€710 | -30.4% |
| Suppliers | 440/4 | €2,336 | €1,626 | -€710 | -30.4% |
| Taxes, remuneration and social security | 45 | €7,424 | €12,417 | +€4,993 | +67.3% |
| Taxes | 450/3 | €7,424 | €12,417 | +€4,993 | +67.3% |
| Other amounts payable | 47/48 | €27,996 | €32,737 | +€4,741 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,687 | €3,679 | -€8 | -0.2% |
| Other operating charges | 640/8 | €1,355 | €1,290 | -€66 | -4.8% |
| Gross operating margin | 9900 | €55,327 | €60,251 | +€4,923 | +8.9% |
| Operating profit (loss) | 9901 | €50,285 | €55,282 | +€4,997 | +9.9% |
| Financial income | 75/76B | €1 | €1 | -€0 | -39.8% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -39.8% |
| Financial charges | 65/66B | €553 | €454 | -€99 | -17.9% |
| Recurring financial charges | 65 | €553 | €454 | -€99 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €49,733 | €54,829 | +€5,095 | +10.2% |
| Income taxes | 67/77 | €11,484 | €16,886 | +€5,402 | +47.0% |
| Profit (loss) for the period | 9904 | €38,249 | €37,943 | -€306 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,249 | €37,943 | -€306 | -0.8% |
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 11 October 2026 via checked.be.