DE SCHELDEGALM: 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 SCHELDEGALM
Largest movements
- Receivables within one year +€13,823
up €13,823 (+104%), from €13,355 to €27,177
of which Trade receivables: +€14,018
- Cash +€10,702
up €10,702 (+5.2%), from €205,339 to €216,041
mainly Net result for the year (+€39,865) and Other debts (+€36,604)
- Tangible fixed assets +€8,775
up €8,775 (+52.7%), from €16,661 to €25,437
of which Land and buildings: +€6,309
- Other debts +€36,604
up €36,604 (+146%), from €25,109 to €61,713
- Tax, wage and social debts +€8,332
up €8,332 (+107%), from €7,787 to €16,119
- Debts after one year -€6,152
down €6,152 (-92.3%), from €6,668 to €516
- Current portion of long-term debt -€4,210
down €4,210 (-40.6%), from €10,361 to €6,152
- Trade debts +€3,432
up €3,432 (+19.9%), from €17,227 to €20,659
- Gross operating margin -€1,564
down €1,564 (-2.2%), from €69,674 to €68,111
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 | €239,065 | €273,851 | +€34,786 | +14.6% |
| Fixed assets | 21/28 | €16,661 | €25,437 | +€8,775 | +52.7% |
| Tangible fixed assets | 22/27 | €16,661 | €25,437 | +€8,775 | +52.7% |
| Land and buildings | 22 | €0 | €6,309 | +€6,309 | |
| Plant, machinery and equipment | 23 | €1,791 | €1,418 | -€373 | -20.8% |
| Furniture and vehicles | 24 | €12,719 | €17,710 | +€4,991 | +39.2% |
| Other tangible fixed assets | 26 | €2,152 | €0 | -€2,152 | -100% |
| Current assets | 29/58 | €222,404 | €248,414 | +€26,011 | +11.7% |
| Amounts receivable within one year | 40/41 | €13,355 | €27,177 | +€13,823 | +104% |
| Trade receivables | 40 | €12,438 | €26,455 | +€14,018 | +113% |
| Other amounts receivable | 41 | €917 | €722 | -€195 | -21.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €205,339 | €216,041 | +€10,702 | +5.2% |
| Deferred charges and accrued income | 490/1 | €3,710 | €5,196 | +€1,486 | +40.1% |
| Total equity and liabilities | 10/49 | €239,065 | €273,851 | +€34,786 | +14.6% |
| Equity | 10/15 | €169,627 | €166,282 | -€3,344 | -2.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €138,640 | €135,295 | -€3,344 | -2.4% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €135,541 | €132,197 | -€3,344 | -2.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €69,439 | €107,569 | +€38,130 | +54.9% |
| Amounts payable after more than one year | 17 | €6,668 | €516 | -€6,152 | -92.3% |
| Financial debts | 170/4 | €6,668 | €516 | -€6,152 | -92.3% |
| Amounts payable within one year | 42/48 | €61,888 | €106,053 | +€44,165 | +71.4% |
| Current portion of amounts payable after more than one year | 42 | €10,361 | €6,152 | -€4,210 | -40.6% |
| Financial debts | 43 | €1,403 | €1,410 | +€6 | +0.5% |
| Credit institutions | 430/8 | €1,403 | €1,410 | +€6 | +0.5% |
| Trade debts | 44 | €17,227 | €20,659 | +€3,432 | +19.9% |
| Suppliers | 440/4 | €17,227 | €20,659 | +€3,432 | +19.9% |
| Taxes, remuneration and social security | 45 | €7,787 | €16,119 | +€8,332 | +107% |
| Taxes | 450/3 | €7,787 | €16,119 | +€8,332 | +107% |
| Other amounts payable | 47/48 | €25,109 | €61,713 | +€36,604 | +146% |
| Accrued charges and deferred income | 492/3 | €883 | €1,000 | +€117 | +13.2% |
| Non-recurring operating income | 76A | €8,190 | €0 | -€8,190 | -100% |
| Remuneration, social security and pensions | 62 | €235 | €0 | -€235 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,975 | €7,607 | +€631 | +9.1% |
| Other operating charges | 640/8 | €1,779 | €2,442 | +€663 | +37.3% |
| Gross operating margin | 9900 | €69,674 | €68,111 | -€1,564 | -2.2% |
| Operating profit (loss) | 9901 | €60,685 | €58,062 | -€2,623 | -4.3% |
| Financial income | 75/76B | €314 | €211 | -€103 | -32.8% |
| Recurring financial income | 75 | €314 | €211 | -€103 | -32.8% |
| Financial charges | 65/66B | €1,320 | €1,121 | -€199 | -15.1% |
| Recurring financial charges | 65 | €1,320 | €1,121 | -€199 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €59,679 | €57,152 | -€2,527 | -4.2% |
| Income taxes | 67/77 | €17,583 | €17,287 | -€296 | -1.7% |
| Profit (loss) for the period | 9904 | €42,096 | €39,865 | -€2,231 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,096 | €39,865 | -€2,231 | -5.3% |
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 1 November 2026 via checked.be.