SCHELDEBROUWERIJ: 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
SCHELDEBROUWERIJ
NACE 11.050, Manufacture of beer
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€425,008
2024 · -€133,838-€291,170
Equity
-€758,407
2024 · -€333,399-€425,008
Cash
€1,954
2024 · €934+€1,020
Balance sheet total
€1.7m
2024 · €2.3m-€567,230
Largest movements
Assets
- Receivables within one year -€332,199
down €332,199 (-66.9%), from €496,733 to €164,534
of which Trade receivables: -€320,261
- Tangible fixed assets -€218,883
down €218,883 (-14.4%), from €1.5m to €1.3m
of which Leasing and similar rights: -€140,481
- Stocks and contracts -€26,862
down €26,862 (-10.5%), from €255,725 to €228,863
Equity and liabilities
- Profit (loss) carried forward -€425,008
down €425,008 (-80.2%), from -€529,859 to -€954,867
- Debts after one year -€193,643
down €193,643 (-27.9%), from €694,264 to €500,622
- Trade debts +€168,968
up €168,968 (+42.6%), from €396,939 to €565,907
- Other debts -€77,357
down €77,357 (-6.9%), from €1.1m to €1.1m
Income statement
- Gross operating margin -€352,801
down €352,801 (-61.6%), from €573,186 to €220,386
- Staff costs -€46,972
down €46,972 (-11.5%), from €407,305 to €360,332
- Financial charges -€15,651
down €15,651 (-25.2%), from €62,209 to €46,558
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.
Result 2024
-€133,838
Gross operating margin
-€352,801
Staff costs
+€46,972
Depreciation
-€3,322
Other operating charges
-€4,185
Other operating items
+€6,824
Financial income
-€69
Financial charges
+€15,651
Taxes
-€240
Result 2025
-€425,008
Cash bridge derived
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.
From operations
+€235,508
Investment
-€20,924
Financing
-€213,564
Cash 2024
€934
From operations (derived)
+€235,508
Net result for the year
-€425,008
Depreciation
+€230,112
Stocks and contracts
+€26,862
Receivables within one year
+€332,199
Trade debts
+€168,968
Tax, wage and social debts
-€9,823
Other debts
-€77,357
Accrued charges and deferred income
-€10,446
Investment (derived)
-€20,924
Investment in fixed assets (net)
-€20,924
Financing
-€213,564
Debts after one year
-€193,643
Current portion of long-term debt
-€19,860
Short-term financial debts
-€61
Cash 2025
€1,954
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,310,586 | €1,743,356 | -€567,230 | -24.5% |
| Fixed assets | 21/28 | €1,515,063 | €1,305,875 | -€209,188 | -13.8% |
| Tangible fixed assets | 22/27 | €1,515,063 | €1,296,180 | -€218,883 | -14.4% |
| Land and buildings | 22 | €12,607 | €11,959 | -€648 | -5.1% |
| Plant, machinery and equipment | 23 | €214,262 | €102,822 | -€111,440 | -52.0% |
| Furniture and vehicles | 24 | €196,158 | €108,317 | -€87,841 | -44.8% |
| Leasing and similar rights | 25 | €1,050,012 | €909,531 | -€140,481 | -13.4% |
| Other tangible fixed assets | 26 | €42,025 | €163,551 | +€121,526 | +289.2% |
| Financial fixed assets | 28 | - | €9,695 | +€9,695 | |
| Current assets | 29/58 | €795,522 | €437,480 | -€358,042 | -45.0% |
| Stocks and contracts in progress | 3 | €255,725 | €228,863 | -€26,862 | -10.5% |
| Stocks | 30/36 | €255,725 | €228,863 | -€26,862 | -10.5% |
| Amounts receivable within one year | 40/41 | €496,733 | €164,534 | -€332,199 | -66.9% |
| Trade receivables | 40 | €463,898 | €143,637 | -€320,261 | -69.0% |
| Other amounts receivable | 41 | €32,835 | €20,897 | -€11,938 | -36.4% |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €934 | €1,954 | +€1,020 | +109.1% |
| Deferred charges and accrued income | 490/1 | €12,130 | €12,130 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,310,586 | €1,743,356 | -€567,230 | -24.5% |
| Equity | 10/15 | -€333,399 | -€758,407 | -€425,008 | -127.5% |
| Contributions | 10/11 | €178,600 | €178,600 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| Distributable reserves | 133 | €17,860 | €17,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€529,859 | -€954,867 | -€425,008 | -80.2% |
| Amounts payable | 17/49 | €2,643,985 | €2,501,763 | -€142,222 | -5.4% |
| Amounts payable after more than one year | 17 | €694,264 | €500,622 | -€193,643 | -27.9% |
| Financial debts | 170/4 | €694,264 | €500,622 | -€193,643 | -27.9% |
| Amounts payable within one year | 42/48 | €1,907,190 | €1,969,057 | +€61,867 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €213,565 | €193,706 | -€19,860 | -9.3% |
| Financial debts | 43 | €100,061 | €100,000 | -€61 | -0.1% |
| Credit institutions | 430/8 | €100,061 | €100,000 | -€61 | -0.1% |
| Trade debts | 44 | €396,939 | €565,907 | +€168,968 | +42.6% |
| Suppliers | 440/4 | €396,939 | €565,907 | +€168,968 | +42.6% |
| Taxes, remuneration and social security | 45 | €69,085 | €59,262 | -€9,823 | -14.2% |
| Taxes | 450/3 | €1,478 | €5,111 | +€3,633 | +245.7% |
| Remuneration and social security | 454/9 | €67,607 | €54,151 | -€13,456 | -19.9% |
| Other amounts payable | 47/48 | €1,127,539 | €1,050,182 | -€77,357 | -6.9% |
| Accrued charges and deferred income | 492/3 | €42,530 | €32,084 | -€10,446 | -24.6% |
| Non-recurring operating income | 76A | €7,000 | €2,500 | -€4,500 | -64.3% |
| Remuneration, social security and pensions | 62 | €407,305 | €360,332 | -€46,972 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €226,790 | €230,112 | +€3,322 | +1.5% |
| Other operating charges | 640/8 | €3,323 | €7,509 | +€4,185 | +125.9% |
| Non-recurring operating charges | 66A | €7,357 | €533 | -€6,824 | -92.8% |
| Gross operating margin | 9900 | €573,186 | €220,386 | -€352,801 | -61.6% |
| Operating profit (loss) | 9901 | -€71,589 | -€378,101 | -€306,512 | -428.2% |
| Financial income | 75/76B | €69 | €0 | -€69 | -100.0% |
| Recurring financial income | 75 | €69 | €0 | -€69 | -100.0% |
| Financial charges | 65/66B | €62,209 | €46,558 | -€15,651 | -25.2% |
| Recurring financial charges | 65 | €62,209 | €46,558 | -€15,651 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€133,729 | -€424,659 | -€290,930 | -217.6% |
| Income taxes | 67/77 | €109 | €349 | +€240 | +219.8% |
| Profit (loss) for the period | 9904 | -€133,838 | -€425,008 | -€291,170 | -217.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,838 | -€425,008 | -€291,170 | -217.6% |
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 9 October 2026 via checked.be.