Princen & Scheldeman: 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.
Princen & Scheldeman
Largest movements
- Receivables within one year +€106,256
up €106,256 (+17.1%), from €622,430 to €728,686
of which Trade receivables: +€106,847
- Tangible fixed assets -€14,818
down €14,818 (-56.3%), from €26,316 to €11,498
- Profit (loss) carried forward +€74,911
up €74,911 (+25.8%), from €289,894 to €364,805
- Tax, wage and social debts +€8,561
up €8,561 (+78.1%), from €10,967 to €19,528
of which Taxes: +€5,737
- Gross operating margin +€151,840
up €151,840 (+633%), from €24,005 to €175,845
- Staff costs +€22,162
up €22,162 (+40.8%), from €54,382 to €76,544
- Depreciation +€11,497
up €11,497 (+140%), from €8,214 to €19,711
- Taxes -€3,136
down €3,136 (-75.9%), from €4,130 to €994
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 | €747,364 | €840,499 | +€93,135 | +12.5% |
| Fixed assets | 21/28 | €58,861 | €39,150 | -€19,711 | -33.5% |
| Intangible fixed assets | 21 | €25,045 | €20,152 | -€4,893 | -19.5% |
| Tangible fixed assets | 22/27 | €26,316 | €11,498 | -€14,818 | -56.3% |
| Furniture and vehicles | 24 | €26,316 | €11,498 | -€14,818 | -56.3% |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €688,503 | €801,349 | +€112,846 | +16.4% |
| Amounts receivable within one year | 40/41 | €622,430 | €728,686 | +€106,256 | +17.1% |
| Trade receivables | 40 | €59,093 | €165,939 | +€106,847 | +181% |
| Other amounts receivable | 41 | €563,337 | €562,746 | -€591 | -0.1% |
| Cash at bank and in hand | 54/58 | €62,712 | €68,963 | +€6,251 | +10.0% |
| Deferred charges and accrued income | 490/1 | €3,361 | €3,700 | +€339 | +10.1% |
| Total equity and liabilities | 10/49 | €747,364 | €840,499 | +€93,135 | +12.5% |
| Equity | 10/15 | €389,894 | €464,805 | +€74,911 | +19.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,894 | €364,805 | +€74,911 | +25.8% |
| Amounts payable | 17/49 | €357,470 | €375,694 | +€18,223 | +5.1% |
| Amounts payable within one year | 42/48 | €357,470 | €375,694 | +€18,223 | +5.1% |
| Trade debts | 44 | €19,538 | €24,185 | +€4,647 | +23.8% |
| Suppliers | 440/4 | €19,538 | €24,185 | +€4,647 | +23.8% |
| Taxes, remuneration and social security | 45 | €10,967 | €19,528 | +€8,561 | +78.1% |
| Taxes | 450/3 | €3,688 | €9,426 | +€5,737 | +156% |
| Remuneration and social security | 454/9 | €7,279 | €10,102 | +€2,823 | +38.8% |
| Other amounts payable | 47/48 | €326,966 | €331,981 | +€5,015 | +1.5% |
| Remuneration, social security and pensions | 62 | €54,382 | €76,544 | +€22,162 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,214 | €19,711 | +€11,497 | +140% |
| Other operating charges | 640/8 | €738 | €2,477 | +€1,739 | +236% |
| Gross operating margin | 9900 | €24,005 | €175,845 | +€151,840 | +633% |
| Operating profit (loss) | 9901 | -€39,329 | €77,113 | +€116,441 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €87 | €1,207 | +€1,120 | +1,284% |
| Recurring financial charges | 65 | €87 | €1,207 | +€1,120 | +1,284% |
| Profit (loss) for the period before taxes | 9903 | -€39,416 | €75,906 | +€115,322 | |
| Income taxes | 67/77 | €4,130 | €994 | -€3,136 | -75.9% |
| Profit (loss) for the period | 9904 | -€43,546 | €74,911 | +€118,457 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,546 | €74,911 | +€118,457 |
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 13 October 2026 via checked.be.