SCHELDE-HANDEL: 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.
What changed
SCHELDE-HANDEL
financial year 31-12-2025 compared with 31-12-2024filed annual accounts (NBB)
Net result for the year
€277,501
31-12-2024 · €329,995-€52,494
Equity
€1.7m
31-12-2024 · €7.5m-€5.7m
Cash
€1,127
31-12-2024 · -+€1,127
Balance sheet total
€3.4m
31-12-2024 · €9.9m-€6.5m
Largest movements
Assets
- Receivables within one year -€6.6m
down €6.6m (-73.8%), from €8.9m to €2.3m
of which Other amounts receivable: -€7.1m
Equity and liabilities
- Profit (loss) carried forward -€3.5m
down €3.5m (-67.6%), from €5.1m to €1.7m
- Reserves -€2.3m
down €2.3m (-98.9%), from €2.3m to €24,950
of which Distributable reserves: -€2.3m
- Trade debts -€875,953
down €875,953 (-37.3%), from €2.3m to €1.5m
Income statement
- Services and other goods -€760,339
down €760,339 (-27.2%), from €2.8m to €2.0m
- Turnover -€738,158
down €738,158 (-8.8%), from €8.4m to €7.7m
- Goods and materials -€245,073
down €245,073 (-5.4%), from €4.6m to €4.3m
of which Change in stocks: decrease (increase): -€248,587
- Staff costs +€179,948
up €179,948 (+21.3%), from €843,224 to €1.0m
- Write-downs +€100,333
up €100,333 (+1,033%), from €9,710 to €110,043
From the 31-12-2024 result to the 31-12-2025 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.
Result 31-12-2024
€329,995
Turnover
-€738,158
Other operating income
-€2,520
Goods and materials
+€245,073
Services and other goods
+€760,339
Staff costs
-€179,948
Depreciation
+€9,332
Write-downs
-€100,333
Other operating charges
-€2,097
Other operating items
-€7,087
Financial income
-€46,301
Financial charges
-€5,256
Taxes
+€14,462
Result 31-12-2025
€277,501
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€6.0m
Investment
-€0
Financing
-€6.0m
Cash 31-12-2024
€0
From operations (derived)
+€6.0m
Net result for the year
+€277,501
Depreciation
+€50,378
Stocks and contracts
-€49,501
Receivables within one year
+€6.6m
Deferred charges and accrued income
-€37,277
Trade debts
-€875,953
Tax, wage and social debts
+€74,708
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€6.0m
Contributions, distributions and other
-€6.0m
Cash 31-12-2025
€1,127
brings cash intakes cash out
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,931,235 | €3,407,492 | -€6.5m | -65.7% |
| Fixed assets | 21/28 | €184,376 | €133,998 | -€50,378 | -27.3% |
| Intangible fixed assets | 21 | €34,792 | €24,760 | -€10,032 | -28.8% |
| Tangible fixed assets | 22/27 | €149,583 | €109,238 | -€40,345 | -27.0% |
| Plant, machinery and equipment | 23 | €49,222 | €35,250 | -€13,972 | -28.4% |
| Furniture and vehicles | 24 | €19,489 | €9,713 | -€9,776 | -50.2% |
| Other tangible fixed assets | 26 | €80,872 | €64,275 | -€16,597 | -20.5% |
| Current assets | 29/58 | €9,746,859 | €3,273,494 | -€6.5m | -66.4% |
| Stocks and contracts in progress | 3 | €799,904 | €849,405 | +€49,501 | +6.2% |
| Stocks | 30/36 | €799,904 | €849,405 | +€49,501 | +6.2% |
| Goods purchased for resale | 34 | €799,904 | €849,405 | +€49,501 | +6.2% |
| Amounts receivable within one year | 40/41 | €8,887,286 | €2,326,016 | -€6.6m | -73.8% |
| Trade receivables | 40 | €528,044 | €1,028,108 | +€500,064 | +94.7% |
| Other amounts receivable | 41 | €8,359,242 | €1,297,908 | -€7.1m | -84.5% |
| Cash at bank and in hand | 54/58 | - | €1,127 | +€1,127 | |
| Deferred charges and accrued income | 490/1 | €59,669 | €96,946 | +€37,277 | +62.5% |
| Total equity and liabilities | 10/49 | €9,931,235 | €3,407,492 | -€6.5m | -65.7% |
| Equity | 10/15 | €7,468,992 | €1,746,494 | -€5.7m | -76.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,279,054 | €24,950 | -€2.3m | -98.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,254,104 | - | -€2.3m | |
| Profit (loss) carried forward | 14 | €5,127,939 | €1,659,544 | -€3.5m | -67.6% |
| Amounts payable | 17/49 | €2,462,243 | €1,660,998 | -€801,245 | -32.5% |
| Amounts payable within one year | 42/48 | €2,462,243 | €1,660,998 | -€801,245 | -32.5% |
| Trade debts | 44 | €2,348,899 | €1,472,946 | -€875,953 | -37.3% |
| Suppliers | 440/4 | €2,348,899 | €1,472,946 | -€875,953 | -37.3% |
| Taxes, remuneration and social security | 45 | €113,344 | €188,052 | +€74,708 | +65.9% |
| Taxes | 450/3 | €33,311 | €68,993 | +€35,682 | +107% |
| Remuneration and social security | 454/9 | €80,033 | €119,059 | +€39,026 | +48.8% |
| Operating income | 70/76A | €8,474,926 | €7,727,160 | -€747,766 | -8.8% |
| Turnover | 70 | €8,420,907 | €7,682,749 | -€738,158 | -8.8% |
| Other operating income | 74 | €40,458 | €37,938 | -€2,520 | -6.2% |
| Non-recurring operating income | 76A | €13,560 | €6,473 | -€7,087 | -52.3% |
| Operating charges | 60/66A | €8,264,195 | €7,531,828 | -€732,367 | -8.9% |
| Goods for resale, raw materials and consumables | 60 | €4,552,720 | €4,307,647 | -€245,073 | -5.4% |
| Purchases | 600/8 | €4,327,362 | €4,330,876 | +€3,514 | +0.1% |
| Change in stocks: decrease (increase) | 609 | €225,358 | -€23,229 | -€248,587 | |
| Services and other goods | 61 | €2,791,200 | €2,030,861 | -€760,339 | -27.2% |
| Remuneration, social security and pensions | 62 | €843,224 | €1,023,172 | +€179,948 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,710 | €50,378 | -€9,332 | -15.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,710 | €110,043 | +€100,333 | +1,033% |
| Other operating charges | 640/8 | €7,630 | €9,727 | +€2,097 | +27.5% |
| Operating profit (loss) | 9901 | €210,731 | €195,332 | -€15,399 | -7.3% |
| Financial income | 75/76B | €256,164 | €209,863 | -€46,301 | -18.1% |
| Recurring financial income | 75 | €256,164 | €209,863 | -€46,301 | -18.1% |
| Income from current assets | 751 | €250,408 | €200,224 | -€50,184 | -20.0% |
| Other financial income | 752/9 | €5,756 | €9,639 | +€3,883 | +67.5% |
| Financial charges | 65/66B | €16,074 | €21,330 | +€5,256 | +32.7% |
| Recurring financial charges | 65 | €16,074 | €21,330 | +€5,256 | +32.7% |
| Other financial charges | 652/9 | €16,074 | €21,330 | +€5,256 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €450,821 | €383,865 | -€66,956 | -14.9% |
| Income taxes | 67/77 | €120,826 | €106,364 | -€14,462 | -12.0% |
| Taxes | 670/3 | €120,826 | €106,364 | -€14,462 | -12.0% |
| Profit (loss) for the period | 9904 | €329,995 | €277,501 | -€52,494 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €329,995 | €277,501 | -€52,494 | -15.9% |
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 23 October 2026 via checked.be.