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.
DE SCHELDE
Largest movements
- Tangible fixed assets -€13,006
down €13,006 (-25.2%), from €51,678 to €38,672
of which Land and buildings: -€12,780
- Cash -€2,004
down €2,004 (-35.9%), from €5,582 to €3,578
mainly Net result for the year (-€25,042) and Trade debts (-€1,138)
- Receivables within one year -€1,234
no longer reported in 2026 (was €1,234)
- Profit (loss) carried forward -€25,042
down €25,042 (-20.2%), from -€124,261 to -€149,304
- Other debts +€9,589
up €9,589 (+6.2%), from €155,549 to €165,138
- Trade debts -€1,138
down €1,138 (-53.2%), from €2,137 to €999
- Tax, wage and social debts +€615
up €615 (+162.5%), from €378 to €993
- Gross operating margin -€14,650
down €14,650, from €5,161 to -€9,489
- Depreciation +€176
up €176 (+1.4%), from €12,830 to €13,006
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,803 | €42,827 | -€15,976 | -27.2% |
| Fixed assets | 21/28 | €51,688 | €38,682 | -€13,006 | -25.2% |
| Tangible fixed assets | 22/27 | €51,678 | €38,672 | -€13,006 | -25.2% |
| Land and buildings | 22 | €51,051 | €38,271 | -€12,780 | -25.0% |
| Plant, machinery and equipment | 23 | €627 | €401 | -€226 | -36.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €7,115 | €4,145 | -€2,970 | -41.7% |
| Amounts receivable within one year | 40/41 | €1,234 | - | -€1,234 | |
| Trade receivables | 40 | €1,234 | - | -€1,234 | |
| Cash at bank and in hand | 54/58 | €5,582 | €3,578 | -€2,004 | -35.9% |
| Deferred charges and accrued income | 490/1 | €299 | €567 | +€268 | +89.7% |
| Total equity and liabilities | 10/49 | €58,803 | €42,827 | -€15,976 | -27.2% |
| Equity | 10/15 | -€99,261 | -€124,304 | -€25,042 | -25.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,261 | -€149,304 | -€25,042 | -20.2% |
| Amounts payable | 17/49 | €158,064 | €167,130 | +€9,066 | +5.7% |
| Amounts payable within one year | 42/48 | €158,064 | €167,130 | +€9,066 | +5.7% |
| Trade debts | 44 | €2,137 | €999 | -€1,138 | -53.2% |
| Suppliers | 440/4 | €2,137 | €999 | -€1,138 | -53.2% |
| Taxes, remuneration and social security | 45 | €378 | €993 | +€615 | +162.5% |
| Taxes | 450/3 | €378 | €993 | +€615 | +162.5% |
| Other amounts payable | 47/48 | €155,549 | €165,138 | +€9,589 | +6.2% |
| Non-recurring operating income | 76A | €17,418 | - | -€17,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,830 | €13,006 | +€176 | +1.4% |
| Other operating charges | 640/8 | €1,901 | €1,959 | +€58 | +3.0% |
| Non-recurring operating charges | 66A | €55 | - | -€55 | |
| Gross operating margin | 9900 | €5,161 | -€9,489 | -€14,650 | |
| Operating profit (loss) | 9901 | -€9,625 | -€24,453 | -€14,828 | -154.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.5% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.5% |
| Financial charges | 65/66B | €282 | €360 | +€78 | +27.8% |
| Recurring financial charges | 65 | €282 | €360 | +€78 | +27.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,906 | -€24,813 | -€14,907 | -150.5% |
| Income taxes | 67/77 | €224 | €229 | +€5 | +2.2% |
| Profit (loss) for the period | 9904 | -€10,130 | -€25,042 | -€14,912 | -147.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,130 | -€25,042 | -€14,912 | -147.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.