SCHELFHEIDE BEHEER: 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.
SCHELFHEIDE BEHEER
Largest movements
- Tangible fixed assets +€908,116
new in 2025: €908,116
- Receivables within one year -€560,090
down €560,090 (-89.9%), from €623,000 to €62,910
of which Other amounts receivable: -€560,840
- Financial fixed assets -€385,075
no longer reported in 2025 (was €385,075)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash -€38,130
down €38,130 (-83.8%), from €45,474 to €7,344
- Current portion of long-term debt +€461,098
new in 2025: €461,098
- Trade debts -€322,500
no longer reported in 2025 (was €322,500)
- Accrued charges and deferred income -€320,000
no longer reported in 2025 (was €320,000)
- Other debts -€107,280
down €107,280 (-96.6%), from €111,068 to €3,788
- Reserves +€51,947
up €51,947 (+65.1%), from €79,814 to €131,761
- Gross operating margin +€163,330
up €163,330 (+1,375%), from €11,883 to €175,212
- Depreciation +€109,893
new in 2025: €109,893
- Taxes +€16,168
up €16,168 (+511%), from €3,167 to €19,335
- Financial income +€15,500
new in 2025: €15,500
of which Financial income: +€15,375
- Other operating charges +€8,163
up €8,163 (+1,537%), from €531 to €8,694
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,203,549 | €978,370 | -€225,179 | -18.7% |
| Fixed assets | 21/28 | €385,075 | €908,116 | +€523,041 | +136% |
| Tangible fixed assets | 22/27 | - | €908,116 | +€908,116 | |
| Land and buildings | 22 | - | €908,116 | +€908,116 | |
| Financial fixed assets | 28 | €385,075 | - | -€385,075 | |
| Current assets | 29/58 | €818,474 | €70,254 | -€748,220 | -91.4% |
| Amounts receivable within one year | 40/41 | €623,000 | €62,910 | -€560,090 | -89.9% |
| Trade receivables | 40 | - | €750 | +€750 | |
| Other amounts receivable | 41 | €623,000 | €62,160 | -€560,840 | -90.0% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €45,474 | €7,344 | -€38,130 | -83.8% |
| Total equity and liabilities | 10/49 | €1,203,549 | €978,370 | -€225,179 | -18.7% |
| Equity | 10/15 | €449,814 | €501,761 | +€51,947 | +11.5% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €79,814 | €131,761 | +€51,947 | +65.1% |
| Distributable reserves | 133 | €79,814 | €131,761 | +€51,947 | +65.1% |
| Amounts payable | 17/49 | €753,735 | €476,608 | -€277,126 | -36.8% |
| Amounts payable within one year | 42/48 | €433,735 | €476,608 | +€42,874 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | - | €461,098 | +€461,098 | |
| Trade debts | 44 | €322,500 | - | -€322,500 | |
| Suppliers | 440/4 | €322,500 | - | -€322,500 | |
| Taxes, remuneration and social security | 45 | €167 | €11,722 | +€11,556 | +6,933% |
| Taxes | 450/3 | €167 | €11,722 | +€11,556 | +6,933% |
| Other amounts payable | 47/48 | €111,068 | €3,788 | -€107,280 | -96.6% |
| Accrued charges and deferred income | 492/3 | €320,000 | - | -€320,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €109,893 | +€109,893 | |
| Other operating charges | 640/8 | €531 | €8,694 | +€8,163 | +1,537% |
| Gross operating margin | 9900 | €11,883 | €175,212 | +€163,330 | +1,375% |
| Operating profit (loss) | 9901 | €11,351 | €56,625 | +€45,274 | +399% |
| Financial income | 75/76B | - | €15,500 | +€15,500 | |
| Recurring financial income | 75 | - | €15,375 | +€15,375 | |
| Non-recurring financial income | 76B | - | €125 | +€125 | |
| Financial charges | 65/66B | €251 | €844 | +€593 | +236% |
| Recurring financial charges | 65 | €251 | €844 | +€593 | +236% |
| Profit (loss) for the period before taxes | 9903 | €11,101 | €71,282 | +€60,181 | +542% |
| Income taxes | 67/77 | €3,167 | €19,335 | +€16,168 | +511% |
| Profit (loss) for the period | 9904 | €7,934 | €51,947 | +€44,013 | +555% |
| Profit (loss) for the period to be appropriated | 9905 | €7,934 | €51,947 | +€44,013 | +555% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.