SCHELD'APEN: 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.
SCHELD'APEN
Largest movements
- Cash -€79,541
down €79,541 (-36.3%), from €219,209 to €139,668
mainly Net result for the year (-€76,673) and Receivables within one year (-€40,658)
- Receivables within one year +€40,658
up €40,658 (+40.4%), from €100,607 to €141,265
of which Other amounts receivable: +€31,186
- Stocks and contracts -€3,763
down €3,763 (-38.2%), from €9,837 to €6,075
- Profit (loss) carried forward -€70,548
down €70,548 (-78.9%), from €89,429 to €18,881
- Accrued charges and deferred income +€40,649
up €40,649 (+6,227%), from €653 to €41,302
- Debts within one year -€6,864
down €6,864 (-3.5%), from €194,493 to €187,630
of which Tax, wage and social debts: -€9,273
- Reserves -€6,125
down €6,125 (-7.1%), from €86,669 to €80,544
- Staff costs +€62,288
up €62,288 (+8.3%), from €754,753 to €817,041
- Gross operating margin +€45,163
up €45,163 (+6.3%), from €719,055 to €764,218
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 | €371,244 | €328,356 | -€42,888 | -11.6% |
| Fixed assets | 21/28 | €34,884 | €37,780 | +€2,896 | +8.3% |
| Intangible fixed assets | 21 | €172 | - | -€172 | |
| Tangible fixed assets | 22/27 | €33,462 | €36,530 | +€3,067 | +9.2% |
| Plant, machinery and equipment | 23 | €7,234 | €5,184 | -€2,050 | -28.3% |
| Furniture and vehicles | 24 | €26,229 | €31,346 | +€5,117 | +19.5% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €336,360 | €290,576 | -€45,783 | -13.6% |
| Stocks and contracts in progress | 3 | €9,837 | €6,075 | -€3,763 | -38.2% |
| Stocks | 30/36 | €9,837 | €6,075 | -€3,763 | -38.2% |
| Amounts receivable within one year | 40/41 | €100,607 | €141,265 | +€40,658 | +40.4% |
| Trade receivables | 40 | €40,531 | €50,003 | +€9,472 | +23.4% |
| Other amounts receivable | 41 | €60,076 | €91,262 | +€31,186 | +51.9% |
| Cash at bank and in hand | 54/58 | €219,209 | €139,668 | -€79,541 | -36.3% |
| Deferred charges and accrued income | 490/1 | €6,707 | €3,569 | -€3,137 | -46.8% |
| Total equity and liabilities | 10/49 | €371,244 | €328,356 | -€42,888 | -11.6% |
| Equity | 10/15 | €176,097 | €99,425 | -€76,673 | -43.5% |
| Reserves | 13 | €86,669 | €80,544 | -€6,125 | -7.1% |
| Profit (loss) carried forward | 14 | €89,429 | €18,881 | -€70,548 | -78.9% |
| Amounts payable | 17/49 | €195,146 | €228,931 | +€33,785 | +17.3% |
| Amounts payable within one year | 42/48 | €194,493 | €187,630 | -€6,864 | -3.5% |
| Trade debts | 44 | €107,574 | €109,738 | +€2,164 | +2.0% |
| Suppliers | 440/4 | €107,574 | €109,738 | +€2,164 | +2.0% |
| Taxes, remuneration and social security | 45 | €86,797 | €77,524 | -€9,273 | -10.7% |
| Taxes | 450/3 | €19,778 | €11,952 | -€7,826 | -39.6% |
| Remuneration and social security | 454/9 | €67,019 | €65,572 | -€1,447 | -2.2% |
| Accrued charges and deferred income | 492/3 | €653 | €41,302 | +€40,649 | +6,227% |
| Remuneration, social security and pensions | 62 | €754,753 | €817,041 | +€62,288 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,004 | €9,392 | -€1,612 | -14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,321 | - | +€1,321 | |
| Other operating charges | 640/8 | €14,700 | €13,753 | -€947 | -6.4% |
| Gross operating margin | 9900 | €719,055 | €764,218 | +€45,163 | +6.3% |
| Operating profit (loss) | 9901 | -€60,082 | -€75,969 | -€15,887 | -26.4% |
| Financial income | 75/76B | €69 | €75 | +€6 | +9.3% |
| Recurring financial income | 75 | €69 | €75 | +€6 | +9.3% |
| Financial charges | 65/66B | €730 | €779 | +€49 | +6.8% |
| Recurring financial charges | 65 | €730 | €779 | +€49 | +6.8% |
| Profit (loss) for the period before taxes | 9903 | -€60,743 | -€76,673 | -€15,930 | -26.2% |
| Profit (loss) for the period | 9904 | -€60,743 | -€76,673 | -€15,930 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,743 | -€76,673 | -€15,930 | -26.2% |
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 20 October 2026 via checked.be.