Grondwerken Scheirs: what changed
What changed
Grondwerken Scheirs
NACE 42.110, Construction of roads and motorways
filed annual accounts (NBB)
Net result for the year
€40,815
2024 · €26,784+€14,031
Equity
€136,304
2024 · €162,989-€26,685
Cash
€62,316
2024 · €19,597+€42,720
Balance sheet total
€373,101
2024 · €316,893+€56,207
Largest movements
Assets
- Cash +€42,720
up €42,720 (+218%), from €19,597 to €62,316
mainly Other debts (+€74,761) and Depreciation (+€61,097)
- Receivables within one year +€24,126
up €24,126 (+43.0%), from €56,125 to €80,251
of which Trade receivables: +€22,336
- Tangible fixed assets -€12,418
down €12,418 (-5.2%), from €240,437 to €228,019
of which Leasing and similar rights: -€22,491
Equity and liabilities
- Other debts +€74,761
up €74,761 (+240%), from €31,156 to €105,918
- Reserves -€26,750
down €26,750 (-16.9%), from €157,950 to €131,200
- Tax, wage and social debts +€6,762
up €6,762 (+115%), from €5,881 to €12,642
- Short-term financial debts +€3,785
up €3,785 (+40.2%), from €9,425 to €13,209
Income statement
- Gross operating margin +€25,836
up €25,836 (+27.5%), from €93,821 to €119,657
- Depreciation +€7,841
up €7,841 (+14.7%), from €53,256 to €61,097
- Taxes +€2,720
up €2,720 (+40.6%), from €6,701 to €9,421
- Financial charges +€1,252
up €1,252 (+21.6%), from €5,794 to €7,046
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,784
Gross operating margin
+€25,836
Depreciation
-€7,841
Other operating charges
+€8
Financial income
-€0
Financial charges
-€1,252
Taxes
-€2,720
Result 2025
€40,815
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€157,173
Investment
-€48,679
Financing
-€65,775
Cash 2024
€19,597
From operations (derived)
+€157,173
Net result for the year
+€40,815
Depreciation
+€61,097
Receivables within one year
-€24,126
Deferred charges and accrued income
-€1,779
Trade debts
+€3
Tax, wage and social debts
+€6,762
Other debts
+€74,761
Accrued charges and deferred income
-€359
Investment (derived)
-€48,679
Investment in fixed assets (net)
-€48,679
Financing
-€65,775
Debts after one year
-€2,665
Current portion of long-term debt
+€606
Short-term financial debts
+€3,785
Contributions, distributions and other
-€67,500
Cash 2025
€62,316
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,893 | €373,101 | +€56,207 | +17.7% |
| Fixed assets | 21/28 | €240,437 | €228,019 | -€12,418 | -5.2% |
| Tangible fixed assets | 22/27 | €240,437 | €228,019 | -€12,418 | -5.2% |
| Plant, machinery and equipment | 23 | €90,222 | €74,374 | -€15,847 | -17.6% |
| Furniture and vehicles | 24 | €38,031 | €63,951 | +€25,920 | +68.2% |
| Leasing and similar rights | 25 | €112,185 | €89,694 | -€22,491 | -20.0% |
| Current assets | 29/58 | €76,456 | €145,082 | +€68,626 | +89.8% |
| Amounts receivable within one year | 40/41 | €56,125 | €80,251 | +€24,126 | +43.0% |
| Trade receivables | 40 | €55,886 | €78,222 | +€22,336 | +40.0% |
| Other amounts receivable | 41 | €239 | €2,030 | +€1,791 | +749% |
| Cash at bank and in hand | 54/58 | €19,597 | €62,316 | +€42,720 | +218% |
| Deferred charges and accrued income | 490/1 | €735 | €2,514 | +€1,779 | +242% |
| Total equity and liabilities | 10/49 | €316,893 | €373,101 | +€56,207 | +17.7% |
| Equity | 10/15 | €162,989 | €136,304 | -€26,685 | -16.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €157,950 | €131,200 | -€26,750 | -16.9% |
| Distributable reserves | 133 | €157,950 | €131,200 | -€26,750 | -16.9% |
| Profit (loss) carried forward | 14 | €39 | €104 | +€65 | +168% |
| Amounts payable | 17/49 | €153,905 | €236,797 | +€82,892 | +53.9% |
| Amounts payable after more than one year | 17 | €83,273 | €80,609 | -€2,665 | -3.2% |
| Financial debts | 170/4 | €83,273 | €80,609 | -€2,665 | -3.2% |
| Amounts payable within one year | 42/48 | €67,810 | €153,725 | +€85,916 | +127% |
| Current portion of amounts payable after more than one year | 42 | €19,256 | €19,862 | +€606 | +3.1% |
| Financial debts | 43 | €9,425 | €13,209 | +€3,785 | +40.2% |
| Credit institutions | 430/8 | €9,425 | €13,209 | +€3,785 | +40.2% |
| Trade debts | 44 | €2,092 | €2,094 | +€3 | +0.1% |
| Suppliers | 440/4 | €2,092 | €2,094 | +€3 | +0.1% |
| Taxes, remuneration and social security | 45 | €5,881 | €12,642 | +€6,762 | +115% |
| Taxes | 450/3 | €5,881 | €12,642 | +€6,762 | +115% |
| Other amounts payable | 47/48 | €31,156 | €105,918 | +€74,761 | +240% |
| Accrued charges and deferred income | 492/3 | €2,822 | €2,463 | -€359 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,256 | €61,097 | +€7,841 | +14.7% |
| Other operating charges | 640/8 | €1,286 | €1,278 | -€8 | -0.6% |
| Gross operating margin | 9900 | €93,821 | €119,657 | +€25,836 | +27.5% |
| Operating profit (loss) | 9901 | €39,279 | €57,282 | +€18,003 | +45.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,794 | €7,046 | +€1,252 | +21.6% |
| Recurring financial charges | 65 | €5,794 | €7,046 | +€1,252 | +21.6% |
| Profit (loss) for the period before taxes | 9903 | €33,485 | €50,236 | +€16,751 | +50.0% |
| Income taxes | 67/77 | €6,701 | €9,421 | +€2,720 | +40.6% |
| Profit (loss) for the period | 9904 | €26,784 | €40,815 | +€14,031 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,784 | €40,815 | +€14,031 | +52.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.