LA SCALIGERA: 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.
LA SCALIGERA
Largest movements
- Receivables within one year -€9,998
down €9,998 (-5.8%), from €171,957 to €161,959
of which Trade receivables: -€28,862
- Cash +€9,694
up €9,694 (+859%), from €1,129 to €10,823
mainly Receivables within one year (+€9,998) and Depreciation (+€5,066)
- Trade debts +€3,293
up €3,293 (+3.6%), from €90,251 to €93,544
- Current portion of long-term debt -€3,228
down €3,228 (-57.8%), from €5,587 to €2,360
- Staff costs +€2,687
up €2,687 (+30.0%), from €8,965 to €11,652
- Gross operating margin -€2,394
down €2,394 (-8.1%), from €29,588 to €27,195
- Taxes +€2,119
up €2,119 (+79.1%), from €2,680 to €4,799
- Financial income +€1,416
up €1,416 (+96.5%), from €1,467 to €2,883
- Other operating charges -€1,295
down €1,295 (-52.1%), from €2,485 to €1,191
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 | €280,850 | €279,328 | -€1,521 | -0.5% |
| Fixed assets | 21/28 | €11,777 | €9,493 | -€2,284 | -19.4% |
| Tangible fixed assets | 22/27 | €11,777 | €9,493 | -€2,284 | -19.4% |
| Furniture and vehicles | 24 | €10,616 | €5,976 | -€4,640 | -43.7% |
| Other tangible fixed assets | 26 | €1,161 | €3,517 | +€2,356 | +203% |
| Current assets | 29/58 | €269,073 | €269,835 | +€763 | +0.3% |
| Stocks and contracts in progress | 3 | €95,986 | €97,053 | +€1,067 | +1.1% |
| Stocks | 30/36 | €95,986 | €97,053 | +€1,067 | +1.1% |
| Amounts receivable within one year | 40/41 | €171,957 | €161,959 | -€9,998 | -5.8% |
| Trade receivables | 40 | €171,613 | €142,750 | -€28,862 | -16.8% |
| Other amounts receivable | 41 | €345 | €19,209 | +€18,864 | +5,471% |
| Cash at bank and in hand | 54/58 | €1,129 | €10,823 | +€9,694 | +859% |
| Total equity and liabilities | 10/49 | €280,850 | €279,328 | -€1,521 | -0.5% |
| Equity | 10/15 | €131,165 | €131,958 | +€793 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,565 | €113,358 | +€793 | +0.7% |
| Distributable reserves | 133 | €112,565 | €113,358 | +€793 | +0.7% |
| Amounts payable | 17/49 | €149,685 | €147,371 | -€2,314 | -1.5% |
| Amounts payable after more than one year | 17 | €4,048 | €1,689 | -€2,360 | -58.3% |
| Financial debts | 170/4 | €2,360 | - | -€2,360 | |
| Other amounts payable | 178/9 | €1,689 | €1,689 | = | 0.0% |
| Amounts payable within one year | 42/48 | €145,636 | €145,682 | +€46 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €5,587 | €2,360 | -€3,228 | -57.8% |
| Financial debts | 43 | €43,568 | €42,913 | -€655 | -1.5% |
| Credit institutions | 430/8 | €43,568 | €42,913 | -€655 | -1.5% |
| Trade debts | 44 | €90,251 | €93,544 | +€3,293 | +3.6% |
| Suppliers | 440/4 | €90,251 | €93,544 | +€3,293 | +3.6% |
| Taxes, remuneration and social security | 45 | €6,230 | €5,580 | -€649 | -10.4% |
| Taxes | 450/3 | €5,762 | €4,414 | -€1,347 | -23.4% |
| Remuneration and social security | 454/9 | €468 | €1,166 | +€698 | +149% |
| Other amounts payable | 47/48 | - | €1,285 | +€1,285 | |
| Remuneration, social security and pensions | 62 | €8,965 | €11,652 | +€2,687 | +30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,488 | €5,066 | -€422 | -7.7% |
| Other operating charges | 640/8 | €2,485 | €1,191 | -€1,295 | -52.1% |
| Gross operating margin | 9900 | €29,588 | €27,195 | -€2,394 | -8.1% |
| Operating profit (loss) | 9901 | €12,650 | €9,285 | -€3,364 | -26.6% |
| Financial income | 75/76B | €1,467 | €2,883 | +€1,416 | +96.5% |
| Recurring financial income | 75 | €1,467 | €2,883 | +€1,416 | +96.5% |
| Financial charges | 65/66B | €6,017 | €6,576 | +€558 | +9.3% |
| Recurring financial charges | 65 | €6,017 | €6,576 | +€558 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €8,099 | €5,592 | -€2,507 | -31.0% |
| Income taxes | 67/77 | €2,680 | €4,799 | +€2,119 | +79.1% |
| Profit (loss) for the period | 9904 | €5,419 | €793 | -€4,626 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,419 | €793 | -€4,626 | -85.4% |
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 13 October 2026 via checked.be.