Antwerpse Schelde Holding: 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.
Antwerpse Schelde Holding
Largest movements
- Cash -€931,203
down €931,203 (-99.0%), from €940,435 to €9,231
mainly Short-term financial debts (-€4.6m)
- Short-term financial debts -€4.6m
down €4.6m (-60.8%), from €7.5m to €2.9m
- Reserves +€3.6m
up €3.6m (+36,889%), from €9,837 to €3.6m
- Financial income +€3.8m
new in 2025: €3.8m
- Financial charges +€106,260
up €106,260 (+718%), from €14,808 to €121,068
of which Financial charges: +€108,882
- Gross operating margin +€669
up €669 (+36.1%), from -€1,856 to -€1,186
- Purchases and services -€669
down €669 (-36.1%), from €1,856 to €1,186
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 | €8,340,080 | €7,406,810 | -€933,270 | -11.2% |
| Fixed assets | 21/28 | €7,021,434 | €7,021,434 | = | 0.0% |
| Financial fixed assets | 28 | €7,021,434 | €7,021,434 | = | 0.0% |
| Current assets | 29/58 | €1,318,645 | €385,376 | -€933,270 | -70.8% |
| Amounts receivable within one year | 40/41 | €13,943 | €11,877 | -€2,066 | -14.8% |
| Trade receivables | 40 | €2,066 | - | -€2,066 | |
| Other amounts receivable | 41 | €11,877 | €11,877 | = | 0.0% |
| Current investments | 50/53 | €364,267 | €364,267 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €940,435 | €9,231 | -€931,203 | -99.0% |
| Total equity and liabilities | 10/49 | €8,340,080 | €7,406,810 | -€933,270 | -11.2% |
| Equity | 10/15 | €828,367 | €4,457,259 | +€3.6m | +438% |
| Contributions | 10/11 | €818,530 | €818,530 | = | 0.0% |
| Reserves | 13 | €9,837 | €3,638,729 | +€3.6m | +36,889% |
| Distributable reserves | 133 | €9,837 | €3,638,729 | +€3.6m | +36,889% |
| Amounts payable | 17/49 | €7,511,712 | €2,949,551 | -€4.6m | -60.7% |
| Amounts payable within one year | 42/48 | €7,511,712 | €2,945,008 | -€4.6m | -60.8% |
| Financial debts | 43 | €7,511,712 | €2,943,821 | -€4.6m | -60.8% |
| Other loans | 439 | €7,511,712 | €2,943,821 | -€4.6m | -60.8% |
| Trade debts | 44 | - | €1,186 | +€1,186 | |
| Suppliers | 440/4 | - | €1,186 | +€1,186 | |
| Accrued charges and deferred income | 492/3 | - | €4,544 | +€4,544 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,856 | €1,186 | -€669 | -36.1% |
| Gross operating margin | 9900 | -€1,856 | -€1,186 | +€669 | +36.1% |
| Operating profit (loss) | 9901 | -€1,856 | -€1,186 | +€669 | +36.1% |
| Financial income | 75/76B | - | €3,751,146 | +€3.8m | |
| Recurring financial income | 75 | - | €3,751,146 | +€3.8m | |
| Financial charges | 65/66B | €14,808 | €121,068 | +€106,260 | +718% |
| Recurring financial charges | 65 | €12,186 | €121,068 | +€108,882 | +893% |
| Non-recurring financial charges | 66B | €2,622 | - | -€2,622 | |
| Profit (loss) for the period before taxes | 9903 | -€16,664 | €3,628,891 | +€3.6m | |
| Profit (loss) for the period | 9904 | -€16,664 | €3,628,891 | +€3.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,664 | €3,628,891 | +€3.6m |
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 24 October 2026 via checked.be.