SCHELFHOUT: 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.
What changed
SCHELFHOUT
NACE 46.831, Wholesale of construction materials, general range
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€750,219
2024 · €224,410+€525,809
Equity
€9.1m
2024 · €8.4m+€750,219
Cash
€3.6m
2024 · €314,364+€3.2m
Balance sheet total
€10.5m
2024 · €9.7m+€806,429
Largest movements
Assets
- Cash +€3.2m
up €3.2m (+1033.1%), from €314,364 to €3.6m
mainly Current investments (+€3.2m) and Net result for the year (+€750,219)
- Current investments -€3.2m
down €3.2m (-100.0%), from €3.2m to €0
- Receivables within one year +€873,717
up €873,717 (+31.7%), from €2.8m to €3.6m
of which Other amounts receivable: +€875,497
Equity and liabilities
- Profit (loss) carried forward +€539,719
up €539,719 (+11.2%), from €4.8m to €5.4m
- Reserves +€210,500
up €210,500 (+6.0%), from €3.5m to €3.7m
of which Distributable reserves: +€315,750
- Tax, wage and social debts +€142,691
up €142,691 (+60.4%), from €236,387 to €379,078
of which Taxes: +€145,936
Income statement
- Turnover +€654,196
up €654,196 (+3.8%), from €17.1m to €17.8m
- Goods and materials +€356,945
up €356,945 (+3.0%), from €11.7m to €12.1m
of which Purchases: +€263,095
- Other operating income +€211,765
up €211,765 (+166.4%), from €127,239 to €339,003
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.
Result 2024
€224,410
Turnover
+€654,196
Other operating income
+€211,765
Goods and materials
-€356,945
Services and other goods
-€31,138
Staff costs
-€9,149
Depreciation
+€137,950
Write-downs
+€109,674
Other operating charges
-€30,414
Financial income
-€14,002
Financial charges
+€18,776
Taxes
-€164,904
Result 2025
€750,219
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.
From operations
+€308,343
Investment
+€3.0m
Financing
-€38,700
Cash 2024
€314,364
From operations (derived)
+€308,343
Net result for the year
+€750,219
Depreciation
+€372,150
Stocks and contracts
-€34,164
Receivables within one year
-€873,717
Smaller working-capital items
+€6,013
Trade debts
-€84,746
Tax, wage and social debts
+€142,691
Other debts
+€44,062
Accrued charges and deferred income
-€14,165
Investment (derived)
+€3.0m
Investment in fixed assets (net)
-€241,964
Current investments
+€3.2m
Financing
-€38,700
Current portion of long-term debt
-€38,700
Cash 2025
€3.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,677,381 | €10,483,809 | +€806,429 | +8.3% |
| Fixed assets | 21/28 | €848,354 | €718,167 | -€130,186 | -15.3% |
| Intangible fixed assets | 21 | €77,814 | €38,318 | -€39,495 | -50.8% |
| Tangible fixed assets | 22/27 | €768,245 | €679,309 | -€88,936 | -11.6% |
| Plant, machinery and equipment | 23 | €173,625 | €152,789 | -€20,836 | -12.0% |
| Furniture and vehicles | 24 | €568,788 | €526,520 | -€42,268 | -7.4% |
| Leasing and similar rights | 25 | €25,832 | €0 | -€25,832 | -100.0% |
| Financial fixed assets | 28 | €2,295 | €540 | -€1,755 | -76.5% |
| Other financial fixed assets | 284/8 | €2,295 | €540 | -€1,755 | -76.5% |
| Amounts receivable and cash guarantees | 285/8 | €2,295 | €540 | -€1,755 | -76.5% |
| Current assets | 29/58 | €8,829,027 | €9,765,642 | +€936,615 | +10.6% |
| Stocks and contracts in progress | 3 | €2,533,379 | €2,567,543 | +€34,164 | +1.3% |
| Stocks | 30/36 | €2,533,379 | €2,567,543 | +€34,164 | +1.3% |
| Goods purchased for resale | 34 | €2,533,379 | €2,567,543 | +€34,164 | +1.3% |
| Amounts receivable within one year | 40/41 | €2,758,506 | €3,632,223 | +€873,717 | +31.7% |
| Trade receivables | 40 | €2,159,549 | €2,157,769 | -€1,780 | -0.1% |
| Other amounts receivable | 41 | €598,956 | €1,474,454 | +€875,497 | +146.2% |
| Current investments | 50/53 | €3,220,000 | €0 | -€3.2m | -100.0% |
| Other investments | 51/53 | €3,220,000 | €0 | -€3.2m | -100.0% |
| Cash at bank and in hand | 54/58 | €314,364 | €3,562,043 | +€3.2m | +1033.1% |
| Deferred charges and accrued income | 490/1 | €2,779 | €3,833 | +€1,054 | +37.9% |
| Total equity and liabilities | 10/49 | €9,677,381 | €10,483,809 | +€806,429 | +8.3% |
| Equity | 10/15 | €8,391,955 | €9,142,174 | +€750,219 | +8.9% |
| Contributions | 10/11 | €74,616 | €74,616 | = | 0.0% |
| Capital | 10 | €74,616 | €74,616 | = | 0.0% |
| Issued capital | 100 | €74,616 | €74,616 | = | 0.0% |
| Reserves | 13 | €3,487,197 | €3,697,697 | +€210,500 | +6.0% |
| Non-distributable reserves | 130/1 | €7,462 | €7,462 | = | 0.0% |
| Legal reserve | 130 | €7,462 | €7,462 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,583,779 | €1,478,529 | -€105,250 | -6.6% |
| Distributable reserves | 133 | €1,895,956 | €2,211,706 | +€315,750 | +16.7% |
| Profit (loss) carried forward | 14 | €4,830,143 | €5,369,861 | +€539,719 | +11.2% |
| Amounts payable | 17/49 | €1,285,425 | €1,341,635 | +€56,210 | +4.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Leasing and similar obligations | 172 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,249,176 | €1,319,551 | +€70,375 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €38,700 | €0 | -€38,700 | -100.0% |
| Trade debts | 44 | €721,560 | €636,814 | -€84,746 | -11.7% |
| Suppliers | 440/4 | €721,560 | €636,814 | -€84,746 | -11.7% |
| Advances received on contracts in progress | 46 | €64,762 | €71,829 | +€7,067 | +10.9% |
| Taxes, remuneration and social security | 45 | €236,387 | €379,078 | +€142,691 | +60.4% |
| Taxes | 450/3 | €20,883 | €166,819 | +€145,936 | +698.8% |
| Remuneration and social security | 454/9 | €215,504 | €212,259 | -€3,245 | -1.5% |
| Other amounts payable | 47/48 | €187,768 | €231,830 | +€44,062 | +23.5% |
| Accrued charges and deferred income | 492/3 | €36,249 | €22,084 | -€14,165 | -39.1% |
| Operating income | 70/76A | €17,232,991 | €18,098,952 | +€865,961 | +5.0% |
| Turnover | 70 | €17,105,752 | €17,759,949 | +€654,196 | +3.8% |
| Other operating income | 74 | €127,239 | €339,003 | +€211,765 | +166.4% |
| Operating charges | 60/66A | €17,182,598 | €17,362,620 | +€180,022 | +1.0% |
| Goods for resale, raw materials and consumables | 60 | €11,734,131 | €12,091,076 | +€356,945 | +3.0% |
| Purchases | 600/8 | €11,801,122 | €12,064,217 | +€263,095 | +2.2% |
| Change in stocks: decrease (increase) | 609 | -€66,990 | €26,859 | +€93,850 | |
| Services and other goods | 61 | €2,372,468 | €2,403,606 | +€31,138 | +1.3% |
| Remuneration, social security and pensions | 62 | €2,455,043 | €2,464,192 | +€9,149 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €510,100 | €372,150 | -€137,950 | -27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €50,179 | -€59,495 | -€109,674 | |
| Other operating charges | 640/8 | €60,676 | €91,091 | +€30,414 | +50.1% |
| Operating profit (loss) | 9901 | €50,393 | €736,332 | +€685,939 | +1361.2% |
| Financial income | 75/76B | €366,741 | €352,739 | -€14,002 | -3.8% |
| Recurring financial income | 75 | €366,741 | €352,739 | -€14,002 | -3.8% |
| Income from financial fixed assets | 750 | €17,525 | €6,325 | -€11,201 | -63.9% |
| Income from current assets | 751 | €71,957 | €66,963 | -€4,994 | -6.9% |
| Other financial income | 752/9 | €277,259 | €279,451 | +€2,192 | +0.8% |
| Financial charges | 65/66B | €79,054 | €60,279 | -€18,776 | -23.8% |
| Recurring financial charges | 65 | €79,054 | €60,279 | -€18,776 | -23.8% |
| Debt charges | 650 | €33,309 | €13,419 | -€19,890 | -59.7% |
| Other financial charges | 652/9 | €45,745 | €46,859 | +€1,115 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €338,079 | €1,028,792 | +€690,712 | +204.3% |
| Income taxes | 67/77 | €113,669 | €278,573 | +€164,904 | +145.1% |
| Taxes | 670/3 | €113,669 | €278,839 | +€165,170 | +145.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €266 | +€266 | |
| Profit (loss) for the period | 9904 | €224,410 | €750,219 | +€525,809 | +234.3% |
| Transfer from tax-exempt reserves | 789 | €505,200 | €315,750 | -€189,450 | -37.5% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €210,500 | +€42,100 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €561,210 | €855,469 | +€294,259 | +52.4% |
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 8 October 2026 via checked.be.