Wim Schraepen: what changed
Wim Schraepen
Largest movements
- Intangible fixed assets -€40,000
down €40,000 (-24.5%), from €163,288 to €123,288
- Cash +€9,835
up €9,835 (+268%), from €3,673 to €13,507
mainly Depreciation (+€43,924) and Tax, wage and social debts (+€3,270)
- Tangible fixed assets -€3,924
down €3,924 (-32.1%), from €12,228 to €8,305
- Deferred charges and accrued income +€1,898
up €1,898 (+609%), from €312 to €2,210
- Debts after one year -€33,187
down €33,187 (-29.5%), from €112,679 to €79,493
- Other debts -€7,178
down €7,178 (-18.9%), from €37,923 to €30,745
- Tax, wage and social debts +€3,270
new in 2025: €3,270
- Reserves +€2,700
new in 2025: €2,700
- Trade debts +€2,305
up €2,305 (+220%), from €1,050 to €3,355
- Depreciation -€12,113
down €12,113 (-21.6%), from €56,036 to €43,924
- Taxes +€8,013
new in 2025: €8,013
- Gross operating margin -€2,517
down €2,517 (-4.1%), from €61,889 to €59,372
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,459 | €155,902 | -€31,557 | -16.8% |
| Fixed assets | 21/28 | €175,816 | €131,892 | -€43,924 | -25.0% |
| Intangible fixed assets | 21 | €163,288 | €123,288 | -€40,000 | -24.5% |
| Tangible fixed assets | 22/27 | €12,228 | €8,305 | -€3,924 | -32.1% |
| Land and buildings | 22 | €6,969 | €6,091 | -€878 | -12.6% |
| Plant, machinery and equipment | 23 | €4,164 | €2,214 | -€1,950 | -46.8% |
| Furniture and vehicles | 24 | €1,096 | - | -€1,096 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €11,643 | €24,010 | +€12,366 | +106% |
| Amounts receivable within one year | 40/41 | €7,659 | €8,292 | +€633 | +8.3% |
| Trade receivables | 40 | €7,659 | €8,292 | +€633 | +8.3% |
| Cash at bank and in hand | 54/58 | €3,673 | €13,507 | +€9,835 | +268% |
| Deferred charges and accrued income | 490/1 | €312 | €2,210 | +€1,898 | +609% |
| Total equity and liabilities | 10/49 | €187,459 | €155,902 | -€31,557 | -16.8% |
| Equity | 10/15 | €3,138 | €5,853 | +€2,714 | +86.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €2,700 | +€2,700 | |
| Distributable reserves | 133 | - | €2,700 | +€2,700 | |
| Profit (loss) carried forward | 14 | €138 | €153 | +€14 | +10.5% |
| Amounts payable | 17/49 | €184,321 | €150,049 | -€34,272 | -18.6% |
| Amounts payable after more than one year | 17 | €112,679 | €79,493 | -€33,187 | -29.5% |
| Financial debts | 170/4 | €112,679 | €79,493 | -€33,187 | -29.5% |
| Amounts payable within one year | 42/48 | €71,642 | €70,557 | -€1,085 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €32,669 | €33,187 | +€517 | +1.6% |
| Trade debts | 44 | €1,050 | €3,355 | +€2,305 | +220% |
| Suppliers | 440/4 | €1,050 | €3,355 | +€2,305 | +220% |
| Taxes, remuneration and social security | 45 | - | €3,270 | +€3,270 | |
| Taxes | 450/3 | - | €3,270 | +€3,270 | |
| Other amounts payable | 47/48 | €37,923 | €30,745 | -€7,178 | -18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,036 | €43,924 | -€12,113 | -21.6% |
| Other operating charges | 640/8 | €2,042 | €2,396 | +€355 | +17.4% |
| Gross operating margin | 9900 | €61,889 | €59,372 | -€2,517 | -4.1% |
| Operating profit (loss) | 9901 | €3,811 | €13,052 | +€9,241 | +242% |
| Financial charges | 65/66B | €2,832 | €2,325 | -€508 | -17.9% |
| Recurring financial charges | 65 | €2,832 | €2,325 | -€508 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €979 | €10,727 | +€9,748 | +996% |
| Income taxes | 67/77 | - | €8,013 | +€8,013 | |
| Profit (loss) for the period | 9904 | €979 | €2,714 | +€1,735 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €979 | €2,714 | +€1,735 | +177% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.