Stal De Scheepakker: 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.
Stal De Scheepakker
Largest movements
- Tangible fixed assets +€13,089
up €13,089 (+10.4%), from €125,706 to €138,795
of which Other tangible fixed assets: +€17,159
- Cash -€3,278
down €3,278 (-87.9%), from €3,731 to €453
mainly Investment in fixed assets (net) (-€29,218) and Debts after one year (-€12,070)
- Profit (loss) carried forward +€20,035
up €20,035 (+74.5%), from -€26,889 to -€6,854
- Debts after one year -€12,070
down €12,070 (-15.1%), from €80,073 to €68,003
- Trade debts +€3,445
up €3,445 (+11.1%), from €31,024 to €34,469
- Other debts -€2,368
down €2,368 (-8.7%), from €27,230 to €24,862
- Gross operating margin +€36,392
up €36,392 (+233%), from €15,624 to €52,016
- Staff costs +€5,962
up €5,962 (+115%), from €5,172 to €11,133
- Depreciation +€5,742
up €5,742 (+55.3%), from €10,387 to €16,129
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 | €129,747 | €140,174 | +€10,427 | +8.0% |
| Fixed assets | 21/28 | €125,706 | €138,795 | +€13,089 | +10.4% |
| Tangible fixed assets | 22/27 | €125,706 | €138,795 | +€13,089 | +10.4% |
| Plant, machinery and equipment | 23 | €43,080 | €39,010 | -€4,070 | -9.4% |
| Other tangible fixed assets | 26 | €82,626 | €99,785 | +€17,159 | +20.8% |
| Current assets | 29/58 | €4,041 | €1,379 | -€2,662 | -65.9% |
| Amounts receivable within one year | 40/41 | - | €569 | +€569 | |
| Trade receivables | 40 | - | €30 | +€30 | |
| Other amounts receivable | 41 | - | €539 | +€539 | |
| Cash at bank and in hand | 54/58 | €3,731 | €453 | -€3,278 | -87.9% |
| Deferred charges and accrued income | 490/1 | €310 | €358 | +€48 | +15.4% |
| Total equity and liabilities | 10/49 | €129,747 | €140,174 | +€10,427 | +8.0% |
| Equity | 10/15 | -€23,889 | -€3,854 | +€20,035 | +83.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,889 | -€6,854 | +€20,035 | +74.5% |
| Amounts payable | 17/49 | €153,636 | €144,028 | -€9,608 | -6.3% |
| Amounts payable after more than one year | 17 | €80,073 | €68,003 | -€12,070 | -15.1% |
| Financial debts | 170/4 | €80,073 | €68,003 | -€12,070 | -15.1% |
| Amounts payable within one year | 42/48 | €73,563 | €76,025 | +€2,462 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €11,606 | €12,070 | +€464 | +4.0% |
| Trade debts | 44 | €31,024 | €34,469 | +€3,445 | +11.1% |
| Suppliers | 440/4 | €31,024 | €34,469 | +€3,445 | +11.1% |
| Taxes, remuneration and social security | 45 | €3,703 | €4,624 | +€921 | +24.9% |
| Taxes | 450/3 | €3,098 | €3,692 | +€594 | +19.2% |
| Remuneration and social security | 454/9 | €605 | €932 | +€327 | +54.1% |
| Other amounts payable | 47/48 | €27,230 | €24,862 | -€2,368 | -8.7% |
| Remuneration, social security and pensions | 62 | €5,172 | €11,133 | +€5,962 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,387 | €16,129 | +€5,742 | +55.3% |
| Other operating charges | 640/8 | €794 | €679 | -€115 | -14.5% |
| Gross operating margin | 9900 | €15,624 | €52,016 | +€36,392 | +233% |
| Operating profit (loss) | 9901 | -€728 | €24,075 | +€24,804 | |
| Financial income | 75/76B | €105 | €71 | -€34 | -32.2% |
| Recurring financial income | 75 | €105 | €71 | -€34 | -32.2% |
| Financial charges | 65/66B | €3,613 | €4,111 | +€498 | +13.8% |
| Recurring financial charges | 65 | €3,613 | €4,111 | +€498 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,237 | €20,035 | +€24,272 | |
| Profit (loss) for the period | 9904 | -€4,237 | €20,035 | +€24,272 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,237 | €20,035 | +€24,272 |
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 16 October 2026 via checked.be.