SCHELDEKOP: what changed
Two fiscal 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.
SCHELDEKOP
Largest movements
- Receivables after one year -€4.5m
no longer reported in 2025 (was €4.5m)
- Receivables within one year +€4.3m
new in 2025: €4.3m
- Cash -€980,183
down €980,183 (-88.2%), from €1.1m to €130,585
mainly Receivables within one year (-€4.3m) and Other debts (-€1.3m)
- Stocks and contracts -€206,960
down €206,960 (-86.9%), from €238,242 to €31,283
- Other debts -€1.3m
down €1.3m (-49.1%), from €2.7m to €1.4m
- Profit (loss) carried forward -€183,421
down €183,421 (-56.1%), from €327,133 to €143,711
- Tax, wage and social debts +€182,255
up €182,255 (+607.5%), from €30,000 to €212,255
- Gross operating margin +€352,381
up €352,381 (+160.3%), from €219,864 to €572,244
- Taxes +€96,274
up €96,274 (+112.0%), from €85,980 to €182,255
- Financial charges +€7,913
up €7,913 (+135.5%), from €5,839 to €13,752
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,098,484 | €4,755,803 | -€1.3m | -22.0% |
| Fixed assets | 21/28 | €191,000 | €186,000 | -€5,000 | -2.6% |
| Financial fixed assets | 28 | €191,000 | €186,000 | -€5,000 | -2.6% |
| Current assets | 29/58 | €5,907,484 | €4,569,803 | -€1.3m | -22.6% |
| Amounts receivable after more than one year | 29 | €4,468,480 | - | -€4.5m | |
| Other amounts receivable | 291 | €4,468,480 | - | -€4.5m | |
| Stocks and contracts in progress | 3 | €238,242 | €31,283 | -€206,960 | -86.9% |
| Stocks | 30/36 | €238,242 | €31,283 | -€206,960 | -86.9% |
| Amounts receivable within one year | 40/41 | - | €4,298,133 | +€4.3m | |
| Other amounts receivable | 41 | - | €4,298,133 | +€4.3m | |
| Cash at bank and in hand | 54/58 | €1,110,768 | €130,585 | -€980,183 | -88.2% |
| Deferred charges and accrued income | 490/1 | €89,994 | €109,802 | +€19,808 | +22.0% |
| Total equity and liabilities | 10/49 | €6,098,484 | €4,755,803 | -€1.3m | -22.0% |
| Equity | 10/15 | €3,368,108 | €3,168,340 | -€199,768 | -5.9% |
| Contributions | 10/11 | €2,749,663 | €2,749,663 | = | 0.0% |
| Capital | 10 | €2,749,663 | €2,749,663 | = | 0.0% |
| Issued capital | 100 | €2,749,663 | €2,749,663 | = | 0.0% |
| Reserves | 13 | €291,312 | €274,966 | -€16,346 | -5.6% |
| Non-distributable reserves | 130/1 | €274,966 | €274,966 | -€0 | 0.0% |
| Legal reserve | 130 | €274,966 | €274,966 | -€0 | 0.0% |
| Distributable reserves | 133 | €16,346 | - | -€16,346 | |
| Profit (loss) carried forward | 14 | €327,133 | €143,711 | -€183,421 | -56.1% |
| Amounts payable | 17/49 | €2,730,376 | €1,587,462 | -€1.1m | -41.9% |
| Amounts payable within one year | 42/48 | €2,730,325 | €1,587,382 | -€1.1m | -41.9% |
| Trade debts | 44 | €325 | €1,127 | +€802 | +246.3% |
| Suppliers | 440/4 | €325 | €1,127 | +€802 | +246.3% |
| Taxes, remuneration and social security | 45 | €30,000 | €212,255 | +€182,255 | +607.5% |
| Taxes | 450/3 | €30,000 | €212,255 | +€182,255 | +607.5% |
| Other amounts payable | 47/48 | €2,700,000 | €1,374,000 | -€1.3m | -49.1% |
| Accrued charges and deferred income | 492/3 | €51 | €81 | +€30 | +59.1% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | €219,864 | €572,244 | +€352,381 | +160.3% |
| Operating profit (loss) | 9901 | €218,756 | €571,102 | +€352,346 | +161.1% |
| Financial income | 75/76B | €132,238 | €127,137 | -€5,101 | -3.9% |
| Recurring financial income | 75 | €132,238 | €127,137 | -€5,101 | -3.9% |
| Financial charges | 65/66B | €5,839 | €13,752 | +€7,913 | +135.5% |
| Recurring financial charges | 65 | €5,839 | €13,752 | +€7,913 | +135.5% |
| Profit (loss) for the period before taxes | 9903 | €345,155 | €684,487 | +€339,332 | +98.3% |
| Income taxes | 67/77 | €85,980 | €182,255 | +€96,274 | +112.0% |
| Profit (loss) for the period | 9904 | €259,175 | €502,232 | +€243,058 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €259,175 | €502,232 | +€243,058 | +93.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.