SCHELLEN SHIPPING: 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.
SCHELLEN SHIPPING
Largest movements
- Cash -€35,799
down €35,799 (-32.5%), from €109,991 to €74,192
mainly Net result for the year (-€29,234) and Investment in fixed assets (net) (-€13,963)
- Reserves -€29,234
down €29,234 (-3.4%), from €871,381 to €842,147
of which Distributable reserves: -€29,234
- Financial income -€3,428
down €3,428 (-39.2%), from €8,754 to €5,326
- Other operating charges +€2,845
up €2,845 (+29.0%), from €9,809 to €12,654
- Gross operating margin +€2,699
up €2,699 (+14.4%), from -€18,776 to -€16,077
- Depreciation +€711
up €711 (+14.1%), from €5,024 to €5,734
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 | €1,094,112 | €1,064,178 | -€29,934 | -2.7% |
| Fixed assets | 21/28 | €374,695 | €382,924 | +€8,229 | +2.2% |
| Tangible fixed assets | 22/27 | €374,695 | €382,924 | +€8,229 | +2.2% |
| Land and buildings | 22 | €354,631 | €365,816 | +€11,184 | +3.2% |
| Plant, machinery and equipment | 23 | €10,216 | €9,820 | -€396 | -3.9% |
| Furniture and vehicles | 24 | €9,848 | €7,289 | -€2,559 | -26.0% |
| Current assets | 29/58 | €719,416 | €681,253 | -€38,163 | -5.3% |
| Amounts receivable within one year | 40/41 | €359,240 | €356,469 | -€2,771 | -0.8% |
| Trade receivables | 40 | €354,878 | €354,878 | = | 0.0% |
| Other amounts receivable | 41 | €4,362 | €1,591 | -€2,771 | -63.5% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,991 | €74,192 | -€35,799 | -32.5% |
| Deferred charges and accrued income | 490/1 | €186 | €593 | +€407 | +219.5% |
| Total equity and liabilities | 10/49 | €1,094,112 | €1,064,178 | -€29,934 | -2.7% |
| Equity | 10/15 | €971,381 | €942,147 | -€29,234 | -3.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €871,381 | €842,147 | -€29,234 | -3.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €861,381 | €832,147 | -€29,234 | -3.4% |
| Amounts payable | 17/49 | €122,731 | €122,031 | -€700 | -0.6% |
| Amounts payable within one year | 42/48 | €121,186 | €122,031 | +€845 | +0.7% |
| Trade debts | 44 | €7,052 | €7,682 | +€629 | +8.9% |
| Suppliers | 440/4 | €7,052 | €7,682 | +€629 | +8.9% |
| Taxes, remuneration and social security | 45 | €399 | €615 | +€215 | +53.9% |
| Taxes | 450/3 | €399 | €615 | +€215 | +53.9% |
| Other amounts payable | 47/48 | €113,734 | €113,734 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,545 | - | -€1,545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,024 | €5,734 | +€711 | +14.1% |
| Other operating charges | 640/8 | €9,809 | €12,654 | +€2,845 | +29.0% |
| Gross operating margin | 9900 | -€18,776 | -€16,077 | +€2,699 | +14.4% |
| Operating profit (loss) | 9901 | -€33,609 | -€34,466 | -€856 | -2.5% |
| Financial income | 75/76B | €8,754 | €5,326 | -€3,428 | -39.2% |
| Recurring financial income | 75 | €8,754 | €5,326 | -€3,428 | -39.2% |
| Financial charges | 65/66B | €72 | €95 | +€22 | +30.7% |
| Recurring financial charges | 65 | €72 | €95 | +€22 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,928 | -€29,234 | -€4,306 | -17.3% |
| Profit (loss) for the period | 9904 | -€24,928 | -€29,234 | -€4,306 | -17.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,928 | -€29,234 | -€4,306 | -17.3% |
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 4 October 2026 via checked.be.