SCHELDEMAN L.A.W.: 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.
SCHELDEMAN L.A.W.
Largest movements
- Current investments +€120,000
up €120,000 (+218%), from €55,000 to €175,000
- Cash +€76,526
up €76,526 (+60.4%), from €126,695 to €203,221
mainly Net result for the year (+€304,281) and Depreciation (+€70,048)
- Receivables within one year +€58,256
up €58,256 (+14.8%), from €393,578 to €451,834
of which Other amounts receivable: +€58,667
- Reserves +€274,281
up €274,281 (+27.9%), from €981,585 to €1.3m
- Debts after one year -€46,876
down €46,876 (-19.8%), from €236,430 to €189,554
- Trade debts +€19,854
up €19,854 (+240%), from €8,279 to €28,134
- Gross operating margin +€93,590
up €93,590 (+24.0%), from €389,672 to €483,261
- Taxes +€26,728
up €26,728 (+36.7%), from €72,907 to €99,636
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 | €1,371,715 | €1,627,872 | +€256,157 | +18.7% |
| Fixed assets | 21/28 | €795,471 | €789,312 | -€6,159 | -0.8% |
| Tangible fixed assets | 22/27 | €795,471 | €789,312 | -€6,159 | -0.8% |
| Land and buildings | 22 | €661,120 | €643,023 | -€18,097 | -2.7% |
| Plant, machinery and equipment | 23 | €1,791 | €1,127 | -€664 | -37.1% |
| Furniture and vehicles | 24 | €110,229 | €66,456 | -€43,773 | -39.7% |
| Other tangible fixed assets | 26 | €22,331 | €78,706 | +€56,375 | +252% |
| Current assets | 29/58 | €576,244 | €838,560 | +€262,316 | +45.5% |
| Amounts receivable within one year | 40/41 | €393,578 | €451,834 | +€58,256 | +14.8% |
| Trade receivables | 40 | €35,611 | €35,200 | -€411 | -1.2% |
| Other amounts receivable | 41 | €357,967 | €416,634 | +€58,667 | +16.4% |
| Current investments | 50/53 | €55,000 | €175,000 | +€120,000 | +218% |
| Cash at bank and in hand | 54/58 | €126,695 | €203,221 | +€76,526 | +60.4% |
| Deferred charges and accrued income | 490/1 | €971 | €8,505 | +€7,534 | +776% |
| Total equity and liabilities | 10/49 | €1,371,715 | €1,627,872 | +€256,157 | +18.7% |
| Equity | 10/15 | €1,000,185 | €1,274,466 | +€274,281 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €981,585 | €1,255,866 | +€274,281 | +27.9% |
| Distributable reserves | 133 | €981,585 | €1,255,866 | +€274,281 | +27.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €371,530 | €353,406 | -€18,124 | -4.9% |
| Amounts payable after more than one year | 17 | €236,430 | €189,554 | -€46,876 | -19.8% |
| Financial debts | 170/4 | €236,430 | €189,554 | -€46,876 | -19.8% |
| Amounts payable within one year | 42/48 | €133,745 | €163,852 | +€30,107 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €45,642 | €46,876 | +€1,234 | +2.7% |
| Trade debts | 44 | €8,279 | €28,134 | +€19,854 | +240% |
| Suppliers | 440/4 | €8,279 | €28,134 | +€19,854 | +240% |
| Taxes, remuneration and social security | 45 | €43,308 | €45,997 | +€2,689 | +6.2% |
| Taxes | 450/3 | €43,308 | €45,997 | +€2,689 | +6.2% |
| Other amounts payable | 47/48 | €36,516 | €42,845 | +€6,329 | +17.3% |
| Accrued charges and deferred income | 492/3 | €1,355 | €0 | -€1,355 | -100% |
| Non-recurring operating income | 76A | - | €3,724 | +€3,724 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,149 | €70,048 | +€898 | +1.3% |
| Other operating charges | 640/8 | €4,855 | €4,711 | -€144 | -3.0% |
| Gross operating margin | 9900 | €389,672 | €483,261 | +€93,590 | +24.0% |
| Operating profit (loss) | 9901 | €315,668 | €408,503 | +€92,835 | +29.4% |
| Financial income | 75/76B | €971 | €2,405 | +€1,434 | +148% |
| Recurring financial income | 75 | €971 | €2,405 | +€1,434 | +148% |
| Financial charges | 65/66B | €7,640 | €6,991 | -€649 | -8.5% |
| Recurring financial charges | 65 | €7,640 | €6,991 | -€649 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €308,999 | €403,916 | +€94,918 | +30.7% |
| Income taxes | 67/77 | €72,907 | €99,636 | +€26,728 | +36.7% |
| Profit (loss) for the period | 9904 | €236,091 | €304,281 | +€68,189 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €236,091 | €304,281 | +€68,189 | +28.9% |
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 31 October 2026 via checked.be.