TOM SCHIPPERS: 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.
TOM SCHIPPERS
Largest movements
- Tangible fixed assets +€258,540
new in 2025: €258,540
of which Land and buildings: +€254,979
- Receivables within one year -€71,295
down €71,295 (-29.8%), from €238,909 to €167,614
of which Trade receivables: -€90,494
- Debts after one year +€244,746
new in 2025: €244,746
- Trade debts -€82,805
down €82,805 (-93.8%), from €88,237 to €5,432
- Tax, wage and social debts -€32,279
down €32,279 (-75.8%), from €42,607 to €10,328
of which Remuneration and social security: -€34,367
- Short-term financial debts +€28,456
up €28,456 (+1,239%), from €2,297 to €30,753
of which Other loans: +€30,753
- Other debts +€16,771
up €16,771 (+411%), from €4,085 to €20,855
- Gross operating margin -€167,023
down €167,023 (-51.3%), from €325,664 to €158,641
- Staff costs -€96,767
down €96,767 (-43.4%), from €223,101 to €126,334
- Other operating charges -€32,520
down €32,520 (-91.1%), from €35,690 to €3,170
- Financial charges +€14,347
up €14,347 (+157%), from €9,135 to €23,482
- Taxes -€10,194
down €10,194 (-83.5%), from €12,215 to €2,021
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,909 | €426,154 | +€187,244 | +78.4% |
| Fixed assets | 21/28 | - | €258,540 | +€258,540 | |
| Tangible fixed assets | 22/27 | - | €258,540 | +€258,540 | |
| Land and buildings | 22 | - | €254,979 | +€254,979 | |
| Plant, machinery and equipment | 23 | - | €2,084 | +€2,084 | |
| Furniture and vehicles | 24 | - | €1,477 | +€1,477 | |
| Current assets | 29/58 | €238,909 | €167,614 | -€71,295 | -29.8% |
| Amounts receivable within one year | 40/41 | €238,909 | €167,614 | -€71,295 | -29.8% |
| Trade receivables | 40 | €238,909 | €148,416 | -€90,494 | -37.9% |
| Other amounts receivable | 41 | - | €19,198 | +€19,198 | |
| Total equity and liabilities | 10/49 | €238,909 | €426,154 | +€187,244 | +78.4% |
| Equity | 10/15 | €93,624 | €96,277 | +€2,653 | +2.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,564 | €88,217 | +€2,653 | +3.1% |
| Amounts payable | 17/49 | €145,285 | €329,877 | +€184,591 | +127% |
| Amounts payable after more than one year | 17 | - | €244,746 | +€244,746 | |
| Financial debts | 170/4 | - | €244,746 | +€244,746 | |
| Amounts payable within one year | 42/48 | €145,285 | €85,130 | -€60,155 | -41.4% |
| Current portion of amounts payable after more than one year | 42 | €8,060 | €17,762 | +€9,702 | +120% |
| Financial debts | 43 | €2,297 | €30,753 | +€28,456 | +1,239% |
| Credit institutions | 430/8 | €2,297 | - | -€2,297 | |
| Other loans | 439 | - | €30,753 | +€30,753 | |
| Trade debts | 44 | €88,237 | €5,432 | -€82,805 | -93.8% |
| Suppliers | 440/4 | €88,237 | €5,432 | -€82,805 | -93.8% |
| Taxes, remuneration and social security | 45 | €42,607 | €10,328 | -€32,279 | -75.8% |
| Taxes | 450/3 | €8,240 | €10,328 | +€2,088 | +25.3% |
| Remuneration and social security | 454/9 | €34,367 | - | -€34,367 | |
| Other amounts payable | 47/48 | €4,085 | €20,855 | +€16,771 | +411% |
| Non-recurring operating income | 76A | €32,956 | - | -€32,956 | |
| Remuneration, social security and pensions | 62 | €223,101 | €126,334 | -€96,767 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,508 | €1,360 | -€3,148 | -69.8% |
| Other operating charges | 640/8 | €35,690 | €3,170 | -€32,520 | -91.1% |
| Gross operating margin | 9900 | €325,664 | €158,641 | -€167,023 | -51.3% |
| Operating profit (loss) | 9901 | €62,364 | €27,776 | -€34,588 | -55.5% |
| Financial income | 75/76B | €49 | €380 | +€330 | +670% |
| Recurring financial income | 75 | €49 | €380 | +€330 | +670% |
| Financial charges | 65/66B | €9,135 | €23,482 | +€14,347 | +157% |
| Recurring financial charges | 65 | €9,135 | €23,482 | +€14,347 | +157% |
| Profit (loss) for the period before taxes | 9903 | €53,279 | €4,674 | -€48,605 | -91.2% |
| Income taxes | 67/77 | €12,215 | €2,021 | -€10,194 | -83.5% |
| Profit (loss) for the period | 9904 | €41,064 | €2,653 | -€38,411 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,064 | €2,653 | -€38,411 | -93.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.