Cedric Schellens Logistics: 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.
Cedric Schellens Logistics
Largest movements
- Receivables within one year -€12,124
down €12,124 (-45.2%), from €26,817 to €14,694
of which Trade receivables: -€12,026
- Tangible fixed assets -€6,751
down €6,751 (-24.9%), from €27,075 to €20,323
of which Furniture and vehicles: -€12,303
- Cash -€3,172
down €3,172 (-2.1%), from €148,828 to €145,656
mainly Contributions, distributions and other (-€51,263) and Investment in fixed assets (net) (-€8,535)
- Reserves -€21,810
down €21,810 (-12.3%), from €176,704 to €154,894
- Gross operating margin +€5,256
up €5,256 (+9.4%), from €55,853 to €61,109
- Taxes +€3,848
up €3,848 (+32.5%), from €11,843 to €15,691
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 | €204,259 | €181,717 | -€22,541 | -11.0% |
| Fixed assets | 21/28 | €27,075 | €20,323 | -€6,751 | -24.9% |
| Tangible fixed assets | 22/27 | €27,075 | €20,323 | -€6,751 | -24.9% |
| Plant, machinery and equipment | 23 | €4,288 | €9,840 | +€5,552 | +129.5% |
| Furniture and vehicles | 24 | €22,786 | €10,483 | -€12,303 | -54.0% |
| Current assets | 29/58 | €177,184 | €161,394 | -€15,790 | -8.9% |
| Amounts receivable within one year | 40/41 | €26,817 | €14,694 | -€12,124 | -45.2% |
| Trade receivables | 40 | €26,410 | €14,385 | -€12,026 | -45.5% |
| Other amounts receivable | 41 | €407 | €309 | -€98 | -24.1% |
| Cash at bank and in hand | 54/58 | €148,828 | €145,656 | -€3,172 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,539 | €1,045 | -€494 | -32.1% |
| Total equity and liabilities | 10/49 | €204,259 | €181,717 | -€22,541 | -11.0% |
| Equity | 10/15 | €195,304 | €173,494 | -€21,810 | -11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,704 | €154,894 | -€21,810 | -12.3% |
| Distributable reserves | 133 | €176,704 | €154,894 | -€21,810 | -12.3% |
| Amounts payable | 17/49 | €8,955 | €8,223 | -€732 | -8.2% |
| Amounts payable within one year | 42/48 | €8,947 | €8,175 | -€772 | -8.6% |
| Trade debts | 44 | €1,878 | €1,312 | -€566 | -30.1% |
| Suppliers | 440/4 | €1,878 | €1,312 | -€566 | -30.1% |
| Taxes, remuneration and social security | 45 | €4,241 | €5,021 | +€781 | +18.4% |
| Taxes | 450/3 | €4,241 | €5,021 | +€781 | +18.4% |
| Other amounts payable | 47/48 | €2,828 | €1,842 | -€987 | -34.9% |
| Accrued charges and deferred income | 492/3 | €7 | €48 | +€40 | +539.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,859 | €15,287 | +€428 | +2.9% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €55,853 | €61,109 | +€5,256 | +9.4% |
| Operating profit (loss) | 9901 | €40,488 | €45,302 | +€4,814 | +11.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €44 | €158 | +€114 | +260.1% |
| Recurring financial charges | 65 | €44 | €158 | +€114 | +260.1% |
| Profit (loss) for the period before taxes | 9903 | €40,444 | €45,145 | +€4,700 | +11.6% |
| Income taxes | 67/77 | €11,843 | €15,691 | +€3,848 | +32.5% |
| Profit (loss) for the period | 9904 | €28,602 | €29,454 | +€852 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,602 | €29,454 | +€852 | +3.0% |
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 10 October 2026 via checked.be.