Scheldesteen: 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.
Scheldesteen
Largest movements
- Tangible fixed assets -€33,242
down €33,242 (-3.0%), from €1.1m to €1.1m
of which Land and buildings: -€32,706
- Cash +€26,013
up €26,013 (+38.3%), from €67,848 to €93,861
mainly Net result for the year (+€73,726) and Depreciation (+€39,701)
- Debts after one year -€87,990
down €87,990 (-17.1%), from €514,703 to €426,713
- Reserves +€73,726
up €73,726 (+78.5%), from €93,906 to €167,631
- Gross operating margin -€11,099
down €11,099 (-6.2%), from €177,657 to €166,558
- Taxes -€3,158
down €3,158 (-9.6%), from €32,987 to €29,829
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 | €1,199,511 | €1,187,317 | -€12,195 | -1.0% |
| Fixed assets | 21/28 | €1,105,521 | €1,072,278 | -€33,242 | -3.0% |
| Tangible fixed assets | 22/27 | €1,105,521 | €1,072,278 | -€33,242 | -3.0% |
| Land and buildings | 22 | €1,078,221 | €1,045,515 | -€32,706 | -3.0% |
| Furniture and vehicles | 24 | €23,607 | €23,509 | -€98 | -0.4% |
| Other tangible fixed assets | 26 | €3,692 | €3,254 | -€438 | -11.9% |
| Current assets | 29/58 | €93,990 | €115,038 | +€21,048 | +22.4% |
| Amounts receivable within one year | 40/41 | €24,002 | €19,681 | -€4,321 | -18.0% |
| Trade receivables | 40 | €24,000 | €19,679 | -€4,321 | -18.0% |
| Other amounts receivable | 41 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,848 | €93,861 | +€26,013 | +38.3% |
| Deferred charges and accrued income | 490/1 | €2,141 | €1,497 | -€644 | -30.1% |
| Total equity and liabilities | 10/49 | €1,199,511 | €1,187,317 | -€12,195 | -1.0% |
| Equity | 10/15 | €328,904 | €402,630 | +€73,726 | +22.4% |
| Contributions | 10/11 | €234,998 | €234,998 | = | 0.0% |
| Reserves | 13 | €93,906 | €167,631 | +€73,726 | +78.5% |
| Distributable reserves | 133 | €93,906 | €167,631 | +€73,726 | +78.5% |
| Amounts payable | 17/49 | €870,607 | €784,687 | -€85,920 | -9.9% |
| Amounts payable after more than one year | 17 | €514,703 | €426,713 | -€87,990 | -17.1% |
| Financial debts | 170/4 | €514,703 | €426,713 | -€87,990 | -17.1% |
| Amounts payable within one year | 42/48 | €334,852 | €335,435 | +€583 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €87,478 | €87,990 | +€512 | +0.6% |
| Trade debts | 44 | €4,263 | €638 | -€3,625 | -85.0% |
| Suppliers | 440/4 | €4,263 | €638 | -€3,625 | -85.0% |
| Taxes, remuneration and social security | 45 | €18,937 | €15,167 | -€3,770 | -19.9% |
| Taxes | 450/3 | €18,937 | €15,167 | -€3,770 | -19.9% |
| Other amounts payable | 47/48 | €224,174 | €231,641 | +€7,467 | +3.3% |
| Accrued charges and deferred income | 492/3 | €21,052 | €22,538 | +€1,487 | +7.1% |
| Non-recurring operating income | 76A | €8,834 | - | -€8,834 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,999 | €39,701 | +€702 | +1.8% |
| Other operating charges | 640/8 | €2,245 | €2,693 | +€447 | +19.9% |
| Gross operating margin | 9900 | €177,657 | €166,558 | -€11,099 | -6.2% |
| Operating profit (loss) | 9901 | €136,413 | €124,164 | -€12,249 | -9.0% |
| Financial income | 75/76B | €1 | €51 | +€50 | +3,764% |
| Recurring financial income | 75 | €1 | €51 | +€50 | +3,764% |
| Financial charges | 65/66B | €20,796 | €20,661 | -€134 | -0.6% |
| Recurring financial charges | 65 | €20,796 | €20,661 | -€134 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €115,619 | €103,554 | -€12,065 | -10.4% |
| Income taxes | 67/77 | €32,987 | €29,829 | -€3,158 | -9.6% |
| Profit (loss) for the period | 9904 | €82,632 | €73,726 | -€8,906 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,632 | €73,726 | -€8,906 | -10.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.