SCHELDETRANS: 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.
SCHELDETRANS
Largest movements
- Cash +€10,290
up €10,290 (+4.1%), from €253,999 to €264,289
mainly Net result for the year (+€89,278) and Tax, wage and social debts (+€4,616)
- Deferred charges and accrued income +€6,586
up €6,586 (+267.3%), from €2,464 to €9,050
- Reserves +€8,594
up €8,594 (+3.6%), from €237,301 to €245,896
- Tax, wage and social debts +€4,616
up €4,616 (+25.6%), from €18,018 to €22,635
- Gross operating margin +€32,342
up €32,342 (+33.5%), from €96,623 to €128,964
- Taxes +€10,527
up €10,527 (+41.0%), from €25,688 to €36,215
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 | €270,794 | €285,082 | +€14,288 | +5.3% |
| Fixed assets | 21/28 | €14,331 | €11,743 | -€2,587 | -18.1% |
| Tangible fixed assets | 22/27 | €14,331 | €11,743 | -€2,587 | -18.1% |
| Furniture and vehicles | 24 | €2,022 | €1,345 | -€677 | -33.5% |
| Other tangible fixed assets | 26 | €12,308 | €10,398 | -€1,910 | -15.5% |
| Current assets | 29/58 | €256,464 | €273,339 | +€16,875 | +6.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €253,999 | €264,289 | +€10,290 | +4.1% |
| Deferred charges and accrued income | 490/1 | €2,464 | €9,050 | +€6,586 | +267.3% |
| Total equity and liabilities | 10/49 | €270,794 | €285,082 | +€14,288 | +5.3% |
| Equity | 10/15 | €249,701 | €258,296 | +€8,594 | +3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €237,301 | €245,896 | +€8,594 | +3.6% |
| Distributable reserves | 133 | €237,301 | €245,896 | +€8,594 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,093 | €26,787 | +€5,694 | +27.0% |
| Amounts payable within one year | 42/48 | €21,093 | €26,787 | +€5,694 | +27.0% |
| Financial debts | 43 | - | €1,311 | +€1,311 | |
| Credit institutions | 430/8 | - | €1,311 | +€1,311 | |
| Trade debts | 44 | €2,316 | €1,711 | -€604 | -26.1% |
| Suppliers | 440/4 | €2,316 | €1,711 | -€604 | -26.1% |
| Taxes, remuneration and social security | 45 | €18,018 | €22,635 | +€4,616 | +25.6% |
| Taxes | 450/3 | €18,018 | €22,635 | +€4,616 | +25.6% |
| Other amounts payable | 47/48 | €759 | €1,130 | +€371 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,651 | €2,587 | -€64 | -2.4% |
| Other operating charges | 640/8 | €1,003 | €1,367 | +€365 | +36.4% |
| Gross operating margin | 9900 | €96,623 | €128,964 | +€32,342 | +33.5% |
| Operating profit (loss) | 9901 | €92,969 | €125,010 | +€32,041 | +34.5% |
| Financial income | 75/76B | €534 | €1,719 | +€1,186 | +222.2% |
| Recurring financial income | 75 | €534 | €1,719 | +€1,186 | +222.2% |
| Financial charges | 65/66B | €846 | €1,237 | +€391 | +46.2% |
| Recurring financial charges | 65 | €846 | €1,237 | +€391 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €92,656 | €125,492 | +€32,836 | +35.4% |
| Income taxes | 67/77 | €25,688 | €36,215 | +€10,527 | +41.0% |
| Profit (loss) for the period | 9904 | €66,968 | €89,278 | +€22,309 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,968 | €89,278 | +€22,309 | +33.3% |
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 1 October 2026 via checked.be.