LA SCALA: 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.
LA SCALA
Largest movements
- Receivables within one year -€716,830
down €716,830 (-46.9%), from €1.5m to €812,204
- Tangible fixed assets -€121,879
down €121,879 (-11.7%), from €1.0m to €917,418
of which Land and buildings: -€92,362
- Reserves -€613,705
down €613,705 (-48.5%), from €1.3m to €651,199
of which Distributable reserves: -€555,284
- Debts after one year -€188,806
down €188,806 (-24.4%), from €772,725 to €583,919
- Profit (loss) carried forward -€28,692
no longer reported in 2024 (was €28,692)
- Gross operating margin -€278,414
down €278,414 (-63.9%), from €435,783 to €157,369
- Staff costs -€197,071
no longer reported in 2024 (was €197,071)
- Turnover +€157,369
new in 2024: €157,369
- Write-downs +€64,560
no longer reported in 2024 (was -€64,560)
- Taxes +€8,669
up €8,669 (+79.7%), from €10,883 to €19,552
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,568,407 | €1,729,622 | -€838,784 | -32.7% |
| Fixed assets | 21/28 | €1,039,372 | €917,418 | -€121,954 | -11.7% |
| Tangible fixed assets | 22/27 | €1,039,297 | €917,418 | -€121,879 | -11.7% |
| Land and buildings | 22 | €810,944 | €718,582 | -€92,362 | -11.4% |
| Plant, machinery and equipment | 23 | €228,354 | €198,836 | -€29,517 | -12.9% |
| Financial fixed assets | 28 | €74 | - | -€74 | |
| Current assets | 29/58 | €1,529,035 | €812,204 | -€716,830 | -46.9% |
| Amounts receivable within one year | 40/41 | €1,529,035 | €812,204 | -€716,830 | -46.9% |
| Other amounts receivable | 41 | €1,529,035 | €812,204 | -€716,830 | -46.9% |
| Total equity and liabilities | 10/49 | €2,568,407 | €1,729,622 | -€838,784 | -32.7% |
| Equity | 10/15 | €1,393,596 | €751,199 | -€642,397 | -46.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,264,904 | €651,199 | -€613,705 | -48.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €628,694 | €570,273 | -€58,421 | -9.3% |
| Distributable reserves | 133 | €626,210 | €70,926 | -€555,284 | -88.7% |
| Profit (loss) carried forward | 14 | €28,692 | - | -€28,692 | |
| Provisions and deferred taxes | 16 | €194,737 | €175,263 | -€19,474 | -10.0% |
| Deferred taxes | 168 | €194,737 | €175,263 | -€19,474 | -10.0% |
| Amounts payable | 17/49 | €980,073 | €803,160 | -€176,914 | -18.1% |
| Amounts payable after more than one year | 17 | €772,725 | €583,919 | -€188,806 | -24.4% |
| Financial debts | 170/4 | €772,725 | €583,919 | -€188,806 | -24.4% |
| Amounts payable within one year | 42/48 | €207,349 | €219,240 | +€11,892 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €183,711 | €188,806 | +€5,095 | +2.8% |
| Taxes, remuneration and social security | 45 | €23,638 | €30,435 | +€6,797 | +28.8% |
| Taxes | 450/3 | €23,638 | €30,435 | +€6,797 | +28.8% |
| Turnover | 70 | - | €157,369 | +€157,369 | |
| Remuneration, social security and pensions | 62 | €197,071 | - | -€197,071 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,552 | €121,879 | -€673 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€64,560 | - | +€64,560 | |
| Other operating charges | 640/8 | €8,273 | €6,769 | -€1,504 | -18.2% |
| Gross operating margin | 9900 | €435,783 | €157,369 | -€278,414 | -63.9% |
| Operating profit (loss) | 9901 | €172,446 | €28,721 | -€143,726 | -83.3% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €24,497 | €21,039 | -€3,457 | -14.1% |
| Recurring financial charges | 65 | €24,497 | €21,039 | -€3,457 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €147,971 | €7,681 | -€140,290 | -94.8% |
| Transfer from deferred taxes | 780 | €8,132 | €19,474 | +€11,342 | +139.5% |
| Transfer to deferred taxes | 680 | €35,231 | - | -€35,231 | |
| Income taxes | 67/77 | €10,883 | €19,552 | +€8,669 | +79.7% |
| Profit (loss) for the period | 9904 | €109,989 | €7,603 | -€102,386 | -93.1% |
| Transfer from tax-exempt reserves | 789 | €24,397 | €58,421 | +€34,025 | +139.5% |
| Transfer to tax-exempt reserves | 689 | €105,694 | - | -€105,694 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,692 | €66,024 | +€37,332 | +130.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.