SCHELDE - NATIE: what changed
What changed
SCHELDE - NATIE
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €1.6m+€1.6m
Equity
€4.7m
2024 · €1.4m+€3.3m
Cash
€1.5m
2024 · €1.3m+€249,476
Balance sheet total
€8.1m
2024 · €3.4m+€4.7m
Largest movements
Assets
- Tangible fixed assets +€2.8m
up €2.8m (+583%), from €475,276 to €3.2m
of which Assets under construction and advance payments: +€2.9m
- Receivables within one year +€1.9m
up €1.9m (+135%), from €1.4m to €3.3m
of which Trade receivables: +€1.9m
- Cash +€249,476
up €249,476 (+19.5%), from €1.3m to €1.5m
mainly Net result for the year (+€3.3m) and Trade debts (+€1.2m)
- Deferred charges and accrued income -€197,000
no longer reported in 2025 (was €197,000)
Equity and liabilities
- Reserves +€2.8m
up €2.8m (+147%), from €1.9m to €4.7m
of which Distributable reserves: +€2.8m
- Trade debts +€1.2m
up €1.2m (+157%), from €788,246 to €2.0m
- Tax, wage and social debts +€589,974
up €589,974 (+173%), from €341,283 to €931,257
- Profit (loss) carried forward +€503,241
no longer reported in 2025 (was -€503,241)
- Other debts -€197,000
no longer reported in 2025 (was €197,000)
Income statement
- Gross operating margin +€2.1m
up €2.1m (+85.3%), from €2.4m to €4.5m
- Taxes +€399,303
up €399,303 (+63.4%), from €630,127 to €1.0m
- Financial income -€59,883
down €59,883 (-74.9%), from €79,920 to €20,037
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
€1.6m
Gross operating margin
+€2.1m
Staff costs
-€214
Depreciation
+€36,538
Other operating charges
+€966
Financial income
-€59,883
Financial charges
-€4,893
Taxes
-€399,303
Deferred taxes and other
-€881
Result 2025
€3.3m
raises the resultlowers the resultnot broken down further in the accounts
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
+€3.3m
Investment
-€2.9m
Financing
-€195,501
Cash 2024
€1.3m
From operations (derived)
+€3.3m
Net result for the year
+€3.3m
Depreciation
+€129,781
Receivables within one year
-€1.9m
Deferred charges and accrued income
+€197,000
Trade debts
+€1.2m
Tax, wage and social debts
+€589,974
Other debts
-€197,000
Accrued charges and deferred income
-€181
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
-€195,501
Debts after one year
-€157,924
Current portion of long-term debt
-€37,276
Short-term financial debts
-€301
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,371,307 | €8,087,163 | +€4.7m | +140% |
| Fixed assets | 21/28 | €488,696 | €3,256,373 | +€2.8m | +566% |
| Tangible fixed assets | 22/27 | €475,276 | €3,248,293 | +€2.8m | +583% |
| Plant, machinery and equipment | 23 | €316,331 | €226,780 | -€89,551 | -28.3% |
| Furniture and vehicles | 24 | €158,945 | €120,772 | -€38,173 | -24.0% |
| Assets under construction and advance payments | 27 | - | €2,900,741 | +€2.9m | |
| Financial fixed assets | 28 | €13,420 | €8,080 | -€5,340 | -39.8% |
| Current assets | 29/58 | €2,882,610 | €4,830,789 | +€1.9m | +67.6% |
| Amounts receivable within one year | 40/41 | €1,403,152 | €3,298,855 | +€1.9m | +135% |
| Trade receivables | 40 | €1,360,448 | €3,293,323 | +€1.9m | +142% |
| Other amounts receivable | 41 | €42,704 | €5,532 | -€37,172 | -87.0% |
| Cash at bank and in hand | 54/58 | €1,282,458 | €1,531,934 | +€249,476 | +19.5% |
| Deferred charges and accrued income | 490/1 | €197,000 | - | -€197,000 | |
| Total equity and liabilities | 10/49 | €3,371,307 | €8,087,163 | +€4.7m | +140% |
| Equity | 10/15 | €1,449,164 | €4,732,874 | +€3.3m | +227% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €1,890,905 | €4,671,374 | +€2.8m | +147% |
| Non-distributable reserves | 130/1 | €6,525 | €6,525 | = | 0.0% |
| Legal reserve | 130 | €6,525 | €6,525 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,732,578 | €1,732,578 | = | 0.0% |
| Distributable reserves | 133 | €151,802 | €2,932,271 | +€2.8m | +1,832% |
| Profit (loss) carried forward | 14 | -€503,241 | - | +€503,241 | |
| Amounts payable | 17/49 | €1,922,143 | €3,354,289 | +€1.4m | +74.5% |
| Amounts payable after more than one year | 17 | €344,898 | €186,974 | -€157,924 | -45.8% |
| Financial debts | 170/4 | €344,898 | €186,974 | -€157,924 | -45.8% |
| Amounts payable within one year | 42/48 | €1,573,260 | €3,163,511 | +€1.6m | +101% |
| Current portion of amounts payable after more than one year | 42 | €145,402 | €108,125 | -€37,276 | -25.6% |
| Financial debts | 43 | €101,329 | €101,028 | -€301 | -0.3% |
| Credit institutions | 430/8 | €101,329 | €101,028 | -€301 | -0.3% |
| Trade debts | 44 | €788,246 | €2,023,100 | +€1.2m | +157% |
| Suppliers | 440/4 | €788,246 | €2,023,100 | +€1.2m | +157% |
| Taxes, remuneration and social security | 45 | €341,283 | €931,257 | +€589,974 | +173% |
| Taxes | 450/3 | €341,283 | €931,257 | +€589,974 | +173% |
| Other amounts payable | 47/48 | €197,000 | - | -€197,000 | |
| Accrued charges and deferred income | 492/3 | €3,985 | €3,804 | -€181 | -4.6% |
| Non-recurring operating income | 76A | €24,531 | - | -€24,531 | |
| Remuneration, social security and pensions | 62 | €42,449 | €42,663 | +€214 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,319 | €129,781 | -€36,538 | -22.0% |
| Other operating charges | 640/8 | €2,689 | €1,723 | -€966 | -35.9% |
| Gross operating margin | 9900 | €2,419,364 | €4,484,089 | +€2.1m | +85.3% |
| Operating profit (loss) | 9901 | €2,207,906 | €4,309,922 | +€2.1m | +95.2% |
| Financial income | 75/76B | €79,920 | €20,037 | -€59,883 | -74.9% |
| Recurring financial income | 75 | €79,920 | €20,037 | -€59,883 | -74.9% |
| Financial charges | 65/66B | €11,926 | €16,819 | +€4,893 | +41.0% |
| Recurring financial charges | 65 | €11,926 | €16,819 | +€4,893 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €2,275,900 | €4,313,140 | +€2.0m | +89.5% |
| Transfer from deferred taxes | 780 | €881 | - | -€881 | |
| Income taxes | 67/77 | €630,127 | €1,029,430 | +€399,303 | +63.4% |
| Profit (loss) for the period | 9904 | €1,646,654 | €3,283,710 | +€1.6m | +99.4% |
| Transfer from tax-exempt reserves | 789 | €7,041 | - | -€7,041 | |
| Transfer to tax-exempt reserves | 689 | €829,370 | - | -€829,370 | |
| Profit (loss) for the period to be appropriated | 9905 | €824,325 | €3,283,710 | +€2.5m | +298% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.