SCHELFHOUT: 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.
What changed
SCHELFHOUT
NACE 23.610, Manufacture of other non-metallic mineral products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.9m
2024 · €1.2m+€699,436
Equity
€18.5m
2024 · €18.1m+€352,945
Cash
€810,090
2024 · -+€810,090
Balance sheet total
€43.3m
2024 · €50.3m-€7.0m
Largest movements
Assets
- Receivables within one year -€7.7m
down €7.7m (-25.4%), from €30.5m to €22.7m
of which Other amounts receivable: -€8.8m
- Cash +€810,090
new in 2025: €810,090
mainly Receivables within one year (+€7.7m) and Net result for the year (+€1.9m)
Equity and liabilities
- Other debts -€3.5m
down €3.5m (-70.0%), from €5.0m to €1.5m
- Trade debts -€3.3m
down €3.3m (-14.0%), from €23.7m to €20.4m
Income statement
- Goods and materials +€2.5m
up €2.5m (+5.3%), from €47.9m to €50.4m
of which Purchases: +€2.4m
- Turnover +€1.6m
up €1.6m (+1.8%), from €93.6m to €95.2m
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
€1.2m
Turnover
+€1.6m
Other operating income
-€142,059
Goods and materials
-€2.5m
Services and other goods
+€662,343
Staff costs
-€450,974
Depreciation
+€29,330
Write-downs
-€17,942
Other operating charges
-€65,299
Other operating items
+€1.3m
Financial income
-€128,715
Financial charges
+€9,376
Taxes
+€383,992
Result 2025
€1.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€3.0m
Investment
-€674,500
Financing
-€1.5m
Cash 2024
€0
From operations (derived)
+€3.0m
Net result for the year
+€1.9m
Depreciation
+€806,042
Stocks and contracts
-€97,244
Receivables within one year
+€7.7m
Deferred charges and accrued income
+€28,721
Trade debts
-€3.3m
Tax, wage and social debts
-€345,913
Advances received
-€169,158
Other debts
-€3.5m
Investment (derived)
-€674,500
Investment in fixed assets (net)
-€674,500
Financing
-€1.5m
Contributions, distributions and other
-€1.5m
Cash 2025
€810,090
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,292,426 | €43,309,119 | -€7.0m | -13.9% |
| Fixed assets | 21/28 | €14,261,182 | €14,129,640 | -€131,542 | -0.9% |
| Intangible fixed assets | 21 | €81,910 | €64,944 | -€16,966 | -20.7% |
| Tangible fixed assets | 22/27 | €14,175,222 | €14,060,646 | -€114,576 | -0.8% |
| Land and buildings | 22 | €11,404,245 | €11,016,089 | -€388,156 | -3.4% |
| Plant, machinery and equipment | 23 | €2,752,532 | €2,912,097 | +€159,564 | +5.8% |
| Furniture and vehicles | 24 | €18,444 | €132,460 | +€114,016 | +618% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Other financial fixed assets | 284/8 | €4,050 | €4,050 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €36,031,244 | €29,179,479 | -€6.9m | -19.0% |
| Stocks and contracts in progress | 3 | €5,502,710 | €5,599,954 | +€97,244 | +1.8% |
| Stocks | 30/36 | €5,502,710 | €5,599,954 | +€97,244 | +1.8% |
| Raw materials and consumables | 30/31 | €2,427,968 | €2,682,078 | +€254,110 | +10.5% |
| Finished goods | 33 | €3,074,743 | €2,917,876 | -€156,867 | -5.1% |
| Amounts receivable within one year | 40/41 | €30,478,938 | €22,748,560 | -€7.7m | -25.4% |
| Trade receivables | 40 | €14,406,568 | €15,449,617 | +€1.0m | +7.2% |
| Other amounts receivable | 41 | €16,072,370 | €7,298,943 | -€8.8m | -54.6% |
| Cash at bank and in hand | 54/58 | - | €810,090 | +€810,090 | |
| Deferred charges and accrued income | 490/1 | €49,596 | €20,875 | -€28,721 | -57.9% |
| Total equity and liabilities | 10/49 | €50,292,426 | €43,309,119 | -€7.0m | -13.9% |
| Equity | 10/15 | €18,126,851 | €18,479,797 | +€352,945 | +1.9% |
| Contributions | 10/11 | €112,522 | €112,522 | = | 0.0% |
| Capital | 10 | €112,522 | €112,522 | = | 0.0% |
| Issued capital | 100 | €112,522 | €112,522 | = | 0.0% |
| Reserves | 13 | €7,424,974 | €7,424,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,079,733 | €3,079,733 | = | 0.0% |
| Legal reserve | 130 | €3,079,733 | €3,079,733 | = | 0.0% |
| Distributable reserves | 133 | €4,345,241 | €4,345,241 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,588,359 | €10,942,300 | +€353,941 | +3.3% |
| Investment grants | 15 | €996 | - | -€996 | |
| Amounts payable | 17/49 | €32,165,575 | €24,829,322 | -€7.3m | -22.8% |
| Amounts payable within one year | 42/48 | €32,165,575 | €24,829,322 | -€7.3m | -22.8% |
| Trade debts | 44 | €23,678,270 | €20,357,088 | -€3.3m | -14.0% |
| Suppliers | 440/4 | €23,678,270 | €20,357,088 | -€3.3m | -14.0% |
| Advances received on contracts in progress | 46 | €572,881 | €403,723 | -€169,158 | -29.5% |
| Taxes, remuneration and social security | 45 | €2,913,432 | €2,567,519 | -€345,913 | -11.9% |
| Taxes | 450/3 | €229,713 | €316,949 | +€87,236 | +38.0% |
| Remuneration and social security | 454/9 | €2,683,720 | €2,250,571 | -€433,149 | -16.1% |
| Other amounts payable | 47/48 | €5,000,992 | €1,500,992 | -€3.5m | -70.0% |
| Operating income | 70/76A | €93,476,826 | €95,865,075 | +€2.4m | +2.6% |
| Turnover | 70 | €93,588,561 | €95,237,149 | +€1.6m | +1.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,054,588 | -€156,867 | +€897,721 | +85.1% |
| Other operating income | 74 | €911,852 | €769,793 | -€142,059 | -15.6% |
| Non-recurring operating income | 76A | €31,000 | €15,000 | -€16,000 | -51.6% |
| Operating charges | 60/66A | €90,768,467 | €92,721,934 | +€2.0m | +2.2% |
| Goods for resale, raw materials and consumables | 60 | €47,888,259 | €50,416,002 | +€2.5m | +5.3% |
| Purchases | 600/8 | €48,249,541 | €50,670,112 | +€2.4m | +5.0% |
| Change in stocks: decrease (increase) | 609 | -€361,282 | -€254,110 | +€107,171 | +29.7% |
| Services and other goods | 61 | €22,098,995 | €21,436,653 | -€662,343 | -3.0% |
| Remuneration, social security and pensions | 62 | €19,272,250 | €19,723,224 | +€450,974 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €835,372 | €806,042 | -€29,330 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€9,586 | €8,356 | +€17,942 | |
| Other operating charges | 640/8 | €266,359 | €331,658 | +€65,299 | +24.5% |
| Non-recurring operating charges | 66A | €416,818 | - | -€416,818 | |
| Operating profit (loss) | 9901 | €2,708,358 | €3,143,141 | +€434,782 | +16.1% |
| Financial income | 75/76B | €337,223 | €208,508 | -€128,715 | -38.2% |
| Recurring financial income | 75 | €337,223 | €208,508 | -€128,715 | -38.2% |
| Income from current assets | 751 | €202,755 | €102,311 | -€100,444 | -49.5% |
| Other financial income | 752/9 | €134,469 | €106,198 | -€28,271 | -21.0% |
| Financial charges | 65/66B | €972,738 | €963,362 | -€9,376 | -1.0% |
| Recurring financial charges | 65 | €972,738 | €963,362 | -€9,376 | -1.0% |
| Debt charges | 650 | €11,605 | €24,642 | +€13,036 | +112% |
| Other financial charges | 652/9 | €961,133 | €938,720 | -€22,413 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €2,072,844 | €2,388,287 | +€315,443 | +15.2% |
| Income taxes | 67/77 | €918,338 | €534,346 | -€383,992 | -41.8% |
| Taxes | 670/3 | €918,338 | €686,080 | -€232,258 | -25.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €151,734 | +€151,734 | |
| Profit (loss) for the period | 9904 | €1,154,505 | €1,853,941 | +€699,436 | +60.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,154,505 | €1,853,941 | +€699,436 | +60.6% |
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 22 October 2026 via checked.be.