Waterfront Schelle: what changed
What changed
Waterfront Schelle
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€217,085
2024 · €16,621-€233,706
Equity
€1.3m
2024 · €1.5m-€217,085
Cash
€42,675
2024 · €62,176-€19,501
Balance sheet total
€8.7m
2024 · €9.0m-€379,377
Largest movements
Assets
- Receivables within one year -€196,699
down €196,699 (-75.7%), from €259,761 to €63,062
of which Trade receivables: -€198,967
- Current investments -€170,000
no longer reported in 2025 (was €170,000)
- Deferred charges and accrued income +€149,123
up €149,123 (+573%), from €26,036 to €175,159
- Tangible fixed assets -€142,300
down €142,300 (-1.7%), from €8.5m to €8.4m
of which Land and buildings: -€294,483
Equity and liabilities
- Profit (loss) carried forward -€217,085
down €217,085, from €21,208 to -€195,877
- Other debts -€207,114
down €207,114 (-2.8%), from €7.3m to €7.1m
- Trade debts +€135,873
up €135,873 (+183%), from €74,182 to €210,055
Income statement
- Gross operating margin -€415,391
down €415,391 (-53.2%), from €780,154 to €364,763
- Other operating charges -€90,266
down €90,266 (-74.4%), from €121,270 to €31,004
- Financial charges -€87,662
down €87,662 (-26.7%), from €328,735 to €241,073
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€16,621
Gross operating margin
-€415,391
Depreciation
-€312
Other operating charges
+€90,266
Financial income
+€4,069
Financial charges
+€87,662
Result 2025
-€217,085
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€14,467
Investment
-€5,034
Financing
€0
Cash 2024
€62,176
From operations (derived)
-€14,467
Net result for the year
-€217,085
Depreciation
+€317,334
Receivables within one year
+€196,699
Deferred charges and accrued income
-€149,123
Trade debts
+€135,873
Tax, wage and social debts
-€88,764
Other debts
-€207,114
Accrued charges and deferred income
-€2,287
Investment (derived)
-€5,034
Investment in fixed assets (net)
-€175,034
Current investments
+€170,000
Cash 2025
€42,675
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,036,378 | €8,657,001 | -€379,377 | -4.2% |
| Fixed assets | 21/28 | €8,518,405 | €8,376,105 | -€142,300 | -1.7% |
| Tangible fixed assets | 22/27 | €8,518,405 | €8,376,105 | -€142,300 | -1.7% |
| Land and buildings | 22 | €8,510,930 | €8,216,447 | -€294,483 | -3.5% |
| Plant, machinery and equipment | 23 | €7,475 | €159,658 | +€152,183 | +2,036% |
| Current assets | 29/58 | €517,973 | €280,896 | -€237,077 | -45.8% |
| Amounts receivable within one year | 40/41 | €259,761 | €63,062 | -€196,699 | -75.7% |
| Trade receivables | 40 | €259,761 | €60,794 | -€198,967 | -76.6% |
| Other amounts receivable | 41 | - | €2,268 | +€2,268 | |
| Current investments | 50/53 | €170,000 | - | -€170,000 | |
| Cash at bank and in hand | 54/58 | €62,176 | €42,675 | -€19,501 | -31.4% |
| Deferred charges and accrued income | 490/1 | €26,036 | €175,159 | +€149,123 | +573% |
| Total equity and liabilities | 10/49 | €9,036,378 | €8,657,001 | -€379,377 | -4.2% |
| Equity | 10/15 | €1,522,039 | €1,304,954 | -€217,085 | -14.3% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Capital | 10 | €1,500,000 | €1,500,000 | = | 0.0% |
| Issued capital | 100 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €831 | €831 | = | 0.0% |
| Non-distributable reserves | 130/1 | €831 | €831 | = | 0.0% |
| Legal reserve | 130 | €831 | €831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,208 | -€195,877 | -€217,085 | |
| Amounts payable | 17/49 | €7,514,339 | €7,352,047 | -€162,292 | -2.2% |
| Amounts payable within one year | 42/48 | €7,469,229 | €7,309,224 | -€160,005 | -2.1% |
| Trade debts | 44 | €74,182 | €210,055 | +€135,873 | +183% |
| Suppliers | 440/4 | €74,182 | €210,055 | +€135,873 | +183% |
| Taxes, remuneration and social security | 45 | €101,351 | €12,587 | -€88,764 | -87.6% |
| Taxes | 450/3 | €101,351 | €12,587 | -€88,764 | -87.6% |
| Other amounts payable | 47/48 | €7,293,696 | €7,086,582 | -€207,114 | -2.8% |
| Accrued charges and deferred income | 492/3 | €45,110 | €42,823 | -€2,287 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €317,022 | €317,334 | +€312 | +0.1% |
| Other operating charges | 640/8 | €121,270 | €31,004 | -€90,266 | -74.4% |
| Gross operating margin | 9900 | €780,154 | €364,763 | -€415,391 | -53.2% |
| Operating profit (loss) | 9901 | €341,862 | €16,425 | -€325,437 | -95.2% |
| Financial income | 75/76B | €3,494 | €7,563 | +€4,069 | +116% |
| Recurring financial income | 75 | €3,494 | €7,563 | +€4,069 | +116% |
| Financial charges | 65/66B | €328,735 | €241,073 | -€87,662 | -26.7% |
| Recurring financial charges | 65 | €328,735 | €241,073 | -€87,662 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €16,621 | -€217,085 | -€233,706 | |
| Profit (loss) for the period | 9904 | €16,621 | -€217,085 | -€233,706 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,621 | -€217,085 | -€233,706 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.