SCHELFHOUT - STEENDAM: 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.
SCHELFHOUT - STEENDAM
Largest movements
- Tangible fixed assets -€53,506
down €53,506 (-11.3%), from €473,158 to €419,652
- Cash +€21,458
up €21,458 (+16.6%), from €129,038 to €150,496
mainly Net result for the year (+€83,649) and Depreciation (+€55,430)
- Debts after one year -€29,456
down €29,456 (-17.4%), from €168,943 to €139,487
- Reserves +€22,691
up €22,691 (+5.6%), from €404,735 to €427,426
- Trade debts -€10,817
down €10,817 (-26.6%), from €40,603 to €29,785
- Tax, wage and social debts -€9,928
no longer reported in 2025 (was €9,928)
of which Remuneration and social security: -€7,300
- Staff costs -€47,532
down €47,532 (-89.7%), from €53,017 to €5,485
- Gross operating margin -€43,500
down €43,500 (-19.4%), from €223,691 to €180,190
- Other operating charges -€2,363
down €2,363 (-42.1%), from €5,608 to €3,246
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €672,166 | €644,997 | -€27,169 | -4.0% |
| Fixed assets | 21/28 | €473,822 | €420,316 | -€53,506 | -11.3% |
| Tangible fixed assets | 22/27 | €473,158 | €419,652 | -€53,506 | -11.3% |
| Land and buildings | 22 | €376,852 | €358,524 | -€18,328 | -4.9% |
| Plant, machinery and equipment | 23 | €9,624 | €5,773 | -€3,851 | -40.0% |
| Furniture and vehicles | 24 | €64,491 | €40,560 | -€23,931 | -37.1% |
| Other tangible fixed assets | 26 | €22,192 | €14,794 | -€7,397 | -33.3% |
| Financial fixed assets | 28 | €664 | €664 | = | 0.0% |
| Current assets | 29/58 | €198,344 | €224,682 | +€26,338 | +13.3% |
| Stocks and contracts in progress | 3 | €29,250 | €29,250 | = | 0.0% |
| Stocks | 30/36 | €4,250 | €4,250 | = | 0.0% |
| Contracts in progress | 37 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €32,538 | €39,139 | +€6,601 | +20.3% |
| Trade receivables | 40 | €3,790 | €10,730 | +€6,940 | +183% |
| Other amounts receivable | 41 | €28,748 | €28,410 | -€338 | -1.2% |
| Cash at bank and in hand | 54/58 | €129,038 | €150,496 | +€21,458 | +16.6% |
| Deferred charges and accrued income | 490/1 | €7,518 | €5,796 | -€1,722 | -22.9% |
| Total equity and liabilities | 10/49 | €672,166 | €644,997 | -€27,169 | -4.0% |
| Equity | 10/15 | €423,577 | €446,268 | +€22,691 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €404,735 | €427,426 | +€22,691 | +5.6% |
| Distributable reserves | 133 | €404,735 | €427,426 | +€22,691 | +5.6% |
| Profit (loss) carried forward | 14 | €242 | €242 | = | 0.0% |
| Amounts payable | 17/49 | €248,589 | €198,729 | -€49,860 | -20.1% |
| Amounts payable after more than one year | 17 | €168,943 | €139,487 | -€29,456 | -17.4% |
| Financial debts | 170/4 | €168,943 | €139,487 | -€29,456 | -17.4% |
| Amounts payable within one year | 42/48 | €79,645 | €59,241 | -€20,404 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €29,115 | €29,456 | +€341 | +1.2% |
| Trade debts | 44 | €40,603 | €29,785 | -€10,817 | -26.6% |
| Suppliers | 440/4 | €40,603 | €29,785 | -€10,817 | -26.6% |
| Taxes, remuneration and social security | 45 | €9,928 | - | -€9,928 | |
| Taxes | 450/3 | €2,628 | - | -€2,628 | |
| Remuneration and social security | 454/9 | €7,300 | - | -€7,300 | |
| Remuneration, social security and pensions | 62 | €53,017 | €5,485 | -€47,532 | -89.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,944 | €55,430 | +€486 | +0.9% |
| Other operating charges | 640/8 | €5,608 | €3,246 | -€2,363 | -42.1% |
| Gross operating margin | 9900 | €223,691 | €180,190 | -€43,500 | -19.4% |
| Operating profit (loss) | 9901 | €110,121 | €116,029 | +€5,908 | +5.4% |
| Financial income | 75/76B | €5,597 | €4,771 | -€826 | -14.8% |
| Recurring financial income | 75 | €5,597 | €4,771 | -€826 | -14.8% |
| Financial charges | 65/66B | €3,138 | €2,609 | -€528 | -16.8% |
| Recurring financial charges | 65 | €3,138 | €2,609 | -€528 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €112,580 | €118,190 | +€5,610 | +5.0% |
| Income taxes | 67/77 | €33,076 | €34,541 | +€1,465 | +4.4% |
| Profit (loss) for the period | 9904 | €79,504 | €83,649 | +€4,145 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,504 | €83,649 | +€4,145 | +5.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.