A.N. De Schelde: 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.
A.N. De Schelde
Largest movements
- Tangible fixed assets -€32,286
down €32,286 (-4.5%), from €716,815 to €684,528
of which Land and buildings: -€30,158
- Debts after one year -€60,000
down €60,000 (-9.8%), from €615,000 to €555,000
- Reserves +€17,055
up €17,055 (+2,920%), from €584 to €17,639
- Other debts +€8,144
up €8,144 (+31.0%), from €26,295 to €34,439
- Gross operating margin +€6,716
up €6,716 (+11.5%), from €58,380 to €65,097
- Taxes +€3,866
up €3,866 (+781%), from €495 to €4,362
- Financial charges +€3,443
up €3,443 (+66.4%), from €5,184 to €8,627
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 | €725,032 | €692,592 | -€32,441 | -4.5% |
| Fixed assets | 21/28 | €716,815 | €684,528 | -€32,286 | -4.5% |
| Tangible fixed assets | 22/27 | €716,815 | €684,528 | -€32,286 | -4.5% |
| Land and buildings | 22 | €710,494 | €680,336 | -€30,158 | -4.2% |
| Plant, machinery and equipment | 23 | €1,659 | €1,084 | -€576 | -34.7% |
| Furniture and vehicles | 24 | €4,661 | €3,109 | -€1,553 | -33.3% |
| Current assets | 29/58 | €8,218 | €8,063 | -€155 | -1.9% |
| Cash at bank and in hand | 54/58 | €8,064 | €7,903 | -€162 | -2.0% |
| Deferred charges and accrued income | 490/1 | €154 | €161 | +€7 | +4.7% |
| Total equity and liabilities | 10/49 | €725,032 | €692,592 | -€32,441 | -4.5% |
| Equity | 10/15 | €10,584 | €27,639 | +€17,055 | +161% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €584 | €17,639 | +€17,055 | +2,920% |
| Distributable reserves | 133 | €584 | €17,639 | +€17,055 | +2,920% |
| Amounts payable | 17/49 | €714,448 | €664,953 | -€49,495 | -6.9% |
| Amounts payable after more than one year | 17 | €615,000 | €555,000 | -€60,000 | -9.8% |
| Financial debts | 170/4 | €615,000 | €555,000 | -€60,000 | -9.8% |
| Amounts payable within one year | 42/48 | €90,318 | €100,879 | +€10,561 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €60,000 | €60,000 | = | 0.0% |
| Financial debts | 43 | €60 | - | -€60 | |
| Credit institutions | 430/8 | €60 | - | -€60 | |
| Trade debts | 44 | €3,467 | €2,078 | -€1,389 | -40.1% |
| Suppliers | 440/4 | €3,467 | €2,078 | -€1,389 | -40.1% |
| Taxes, remuneration and social security | 45 | €495 | €4,362 | +€3,866 | +781% |
| Taxes | 450/3 | €495 | €4,362 | +€3,866 | +781% |
| Other amounts payable | 47/48 | €26,295 | €34,439 | +€8,144 | +31.0% |
| Accrued charges and deferred income | 492/3 | €9,131 | €9,074 | -€56 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,286 | €32,286 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,713 | €2,767 | +€54 | +2.0% |
| Gross operating margin | 9900 | €58,380 | €65,097 | +€6,716 | +11.5% |
| Operating profit (loss) | 9901 | €23,382 | €30,044 | +€6,662 | +28.5% |
| Financial income | 75/76B | €59 | €0 | -€59 | -100.0% |
| Recurring financial income | 75 | €59 | €0 | -€59 | -100.0% |
| Financial charges | 65/66B | €5,184 | €8,627 | +€3,443 | +66.4% |
| Recurring financial charges | 65 | €5,184 | €8,627 | +€3,443 | +66.4% |
| Profit (loss) for the period before taxes | 9903 | €18,257 | €21,416 | +€3,159 | +17.3% |
| Income taxes | 67/77 | €495 | €4,362 | +€3,866 | +781% |
| Profit (loss) for the period | 9904 | €17,762 | €17,055 | -€707 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,762 | €17,055 | -€707 | -4.0% |
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 26 October 2026 via checked.be.