SCHELDELAND & PARTNERS: 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.
SCHELDELAND & PARTNERS
Largest movements
- Tangible fixed assets -€310,485
down €310,485 (-98.9%), from €313,823 to €3,337
of which Land and buildings: -€313,823
- Cash +€160,936
up €160,936 (+812%), from €19,809 to €180,744
mainly Investment in fixed assets (net) (+€309,691) and Debts after one year (+€143,702)
- Receivables within one year +€68,929
up €68,929 (+3,093%), from €2,228 to €71,158
of which Trade receivables: +€66,909
- Stocks and contracts +€40,195
up €40,195 (+36.0%), from €111,639 to €151,834
- Current portion of long-term debt -€298,413
down €298,413 (-96.7%), from €308,500 to €10,087
- Debts after one year +€143,702
new in 2025: €143,702
- Profit (loss) carried forward +€79,617
up €79,617 (+143%), from €55,547 to €135,164
- Advances received +€57,750
new in 2025: €57,750
- Other debts -€22,610
down €22,610 (-45.2%), from €50,049 to €27,439
- Gross operating margin +€32,866
up €32,866 (+26.4%), from €124,289 to €157,155
- Staff costs +€20,030
up €20,030 (+152%), from €13,183 to €33,213
- Depreciation -€13,782
down €13,782 (-94.5%), from €14,577 to €795
- Financial charges -€12,556
down €12,556 (-48.0%), from €26,146 to €13,590
- Taxes +€6,608
up €6,608 (+47.5%), from €13,921 to €20,529
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 | €448,028 | €408,307 | -€39,721 | -8.9% |
| Fixed assets | 21/28 | €313,823 | €3,337 | -€310,485 | -98.9% |
| Tangible fixed assets | 22/27 | €313,823 | €3,337 | -€310,485 | -98.9% |
| Land and buildings | 22 | €313,823 | €0 | -€313,823 | -100% |
| Furniture and vehicles | 24 | - | €3,337 | +€3,337 | |
| Current assets | 29/58 | €134,205 | €404,969 | +€270,765 | +202% |
| Stocks and contracts in progress | 3 | €111,639 | €151,834 | +€40,195 | +36.0% |
| Stocks | 30/36 | €111,639 | €151,834 | +€40,195 | +36.0% |
| Amounts receivable within one year | 40/41 | €2,228 | €71,158 | +€68,929 | +3,093% |
| Trade receivables | 40 | €2,228 | €69,137 | +€66,909 | +3,003% |
| Other amounts receivable | 41 | - | €2,021 | +€2,021 | |
| Cash at bank and in hand | 54/58 | €19,809 | €180,744 | +€160,936 | +812% |
| Deferred charges and accrued income | 490/1 | €529 | €1,233 | +€704 | +133% |
| Total equity and liabilities | 10/49 | €448,028 | €408,307 | -€39,721 | -8.9% |
| Equity | 10/15 | €58,047 | €137,664 | +€79,617 | +137% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,547 | €135,164 | +€79,617 | +143% |
| Amounts payable | 17/49 | €389,981 | €270,643 | -€119,338 | -30.6% |
| Amounts payable after more than one year | 17 | - | €143,702 | +€143,702 | |
| Financial debts | 170/4 | - | €143,702 | +€143,702 | |
| Amounts payable within one year | 42/48 | €389,404 | €126,941 | -€262,463 | -67.4% |
| Current portion of amounts payable after more than one year | 42 | €308,500 | €10,087 | -€298,413 | -96.7% |
| Trade debts | 44 | €13,694 | €8,633 | -€5,061 | -37.0% |
| Suppliers | 440/4 | €13,694 | €8,633 | -€5,061 | -37.0% |
| Advances received on contracts in progress | 46 | - | €57,750 | +€57,750 | |
| Taxes, remuneration and social security | 45 | €17,160 | €23,031 | +€5,871 | +34.2% |
| Taxes | 450/3 | €16,560 | €22,904 | +€6,345 | +38.3% |
| Remuneration and social security | 454/9 | €601 | €127 | -€474 | -78.9% |
| Other amounts payable | 47/48 | €50,049 | €27,439 | -€22,610 | -45.2% |
| Accrued charges and deferred income | 492/3 | €578 | €0 | -€578 | -100% |
| Remuneration, social security and pensions | 62 | €13,183 | €33,213 | +€20,030 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,577 | €795 | -€13,782 | -94.5% |
| Other operating charges | 640/8 | €915 | €2,216 | +€1,301 | +142% |
| Non-recurring operating charges | 66A | - | €7,202 | +€7,202 | |
| Gross operating margin | 9900 | €124,289 | €157,155 | +€32,866 | +26.4% |
| Operating profit (loss) | 9901 | €95,614 | €113,729 | +€18,115 | +18.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €26,146 | €13,590 | -€12,556 | -48.0% |
| Recurring financial charges | 65 | €26,146 | €13,590 | -€12,556 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €69,468 | €100,147 | +€30,679 | +44.2% |
| Income taxes | 67/77 | €13,921 | €20,529 | +€6,608 | +47.5% |
| Profit (loss) for the period | 9904 | €55,547 | €79,617 | +€24,071 | +43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,547 | €79,617 | +€24,071 | +43.3% |
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 25 October 2026 via checked.be.