SCHELDEZICHT: 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.
SCHELDEZICHT
Largest movements
- Cash -€17,213
down €17,213 (-100.0%), from €17,217 to €5
mainly Tax, wage and social debts (-€19,266) and Other debts (-€6,131)
- Tax, wage and social debts -€19,266
down €19,266 (-100.0%), from €19,276 to €9
of which Remuneration and social security: -€19,276
- Other debts -€6,131
down €6,131 (-3.6%), from €171,792 to €165,660
- Trade debts +€5,520
up €5,520 (+12.0%), from €45,887 to €51,408
- Profit (loss) carried forward +€5,230
up €5,230 (+16.1%), from €32,402 to €37,632
- Gross operating margin -€126,608
down €126,608, from €124,831 to -€1,777
- Staff costs -€87,465
down €87,465, from €74,181 to -€13,284
- Depreciation -€32,072
no longer reported in 2025 (was €32,072)
- Financial charges -€12,486
down €12,486 (-95.2%), from €13,114 to €628
- Other operating charges +€2,569
up €2,569 (+83.4%), from €3,079 to €5,649
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 | €364,680 | €349,754 | -€14,927 | -4.1% |
| Fixed assets | 21/28 | €333,622 | €333,622 | = | 0.0% |
| Tangible fixed assets | 22/27 | €333,622 | €333,622 | = | 0.0% |
| Land and buildings | 22 | €254,414 | €254,414 | = | 0.0% |
| Plant, machinery and equipment | 23 | €67,624 | €67,624 | = | 0.0% |
| Furniture and vehicles | 24 | €11,583 | €11,583 | = | 0.0% |
| Current assets | 29/58 | €31,059 | €16,132 | -€14,927 | -48.1% |
| Amounts receivable within one year | 40/41 | €13,841 | €16,127 | +€2,286 | +16.5% |
| Trade receivables | 40 | €13,841 | - | -€13,841 | |
| Other amounts receivable | 41 | €0 | €16,127 | +€16,127 | |
| Cash at bank and in hand | 54/58 | €17,217 | €5 | -€17,213 | -100.0% |
| Total equity and liabilities | 10/49 | €364,680 | €349,754 | -€14,927 | -4.1% |
| Equity | 10/15 | €50,462 | €55,692 | +€5,230 | +10.4% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,402 | €37,632 | +€5,230 | +16.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €314,219 | €294,062 | -€20,157 | -6.4% |
| Amounts payable after more than one year | 17 | €76,985 | €76,985 | = | 0.0% |
| Financial debts | 170/4 | €76,985 | €76,985 | = | 0.0% |
| Amounts payable within one year | 42/48 | €236,955 | €217,077 | -€19,878 | -8.4% |
| Trade debts | 44 | €45,887 | €51,408 | +€5,520 | +12.0% |
| Suppliers | 440/4 | €45,887 | €51,408 | +€5,520 | +12.0% |
| Taxes, remuneration and social security | 45 | €19,276 | €9 | -€19,266 | -100.0% |
| Taxes | 450/3 | €0 | €9 | +€9 | |
| Remuneration and social security | 454/9 | €19,276 | - | -€19,276 | |
| Other amounts payable | 47/48 | €171,792 | €165,660 | -€6,131 | -3.6% |
| Accrued charges and deferred income | 492/3 | €280 | - | -€280 | |
| Remuneration, social security and pensions | 62 | €74,181 | -€13,284 | -€87,465 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,072 | - | -€32,072 | |
| Other operating charges | 640/8 | €3,079 | €5,649 | +€2,569 | +83.4% |
| Gross operating margin | 9900 | €124,831 | -€1,777 | -€126,608 | |
| Operating profit (loss) | 9901 | €15,498 | €5,858 | -€9,639 | -62.2% |
| Financial income | 75/76B | €21 | - | -€21 | |
| Recurring financial income | 75 | €21 | - | -€21 | |
| Financial charges | 65/66B | €13,114 | €628 | -€12,486 | -95.2% |
| Recurring financial charges | 65 | €13,114 | €628 | -€12,486 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €2,405 | €5,230 | +€2,826 | +117.5% |
| Profit (loss) for the period | 9904 | €2,405 | €5,230 | +€2,826 | +117.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,405 | €5,230 | +€2,826 | +117.5% |
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 9 October 2026 via checked.be.