Q1 SCIENTIFIC: 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.
Q1 SCIENTIFIC
Largest movements
- Tangible fixed assets +€123,039
up €123,039 (+13.0%), from €945,511 to €1.1m
of which Assets under construction and advance payments: +€123,381
- Receivables within one year +€58,610
up €58,610 (+79.7%), from €73,518 to €132,127
of which Trade receivables: +€99,356
- Cash -€36,335
down €36,335 (-20.0%), from €181,876 to €145,541
mainly Net result for the year (-€716,224) and Investment in fixed assets (net) (-€205,708)
- Debts after one year +€846,560
up €846,560 (+38.0%), from €2.2m to €3.1m
- Profit (loss) carried forward -€716,224
down €716,224 (-62.4%), from -€1.1m to -€1.9m
- Accrued charges and deferred income +€18,000
new in 2024: €18,000
- Gross operating margin +€672,486
up €672,486 (+79.6%), from -€844,672 to -€172,186
- Staff costs +€112,870
up €112,870 (+79.2%), from €142,477 to €255,347
- Financial charges +€86,148
up €86,148 (+75.0%), from €114,857 to €201,005
- Depreciation +€41,585
up €41,585 (+90.2%), from €46,101 to €87,686
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,276,615 | €1,423,291 | +€146,676 | +11.5% |
| Fixed assets | 21/28 | €988,090 | €1,106,111 | +€118,021 | +11.9% |
| Intangible fixed assets | 21 | €22,579 | €17,562 | -€5,018 | -22.2% |
| Tangible fixed assets | 22/27 | €945,511 | €1,068,550 | +€123,039 | +13.0% |
| Plant, machinery and equipment | 23 | €627,740 | €653,554 | +€25,814 | +4.1% |
| Furniture and vehicles | 24 | €42,349 | €41,088 | -€1,261 | -3.0% |
| Other tangible fixed assets | 26 | €275,422 | €250,528 | -€24,895 | -9.0% |
| Assets under construction and advance payments | 27 | - | €123,381 | +€123,381 | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €288,525 | €317,180 | +€28,655 | +9.9% |
| Amounts receivable within one year | 40/41 | €73,518 | €132,127 | +€58,610 | +79.7% |
| Trade receivables | 40 | €32,351 | €131,707 | +€99,356 | +307.1% |
| Other amounts receivable | 41 | €41,167 | €420 | -€40,747 | -99.0% |
| Cash at bank and in hand | 54/58 | €181,876 | €145,541 | -€36,335 | -20.0% |
| Deferred charges and accrued income | 490/1 | €33,132 | €39,511 | +€6,380 | +19.3% |
| Total equity and liabilities | 10/49 | €1,276,615 | €1,423,291 | +€146,676 | +11.5% |
| Equity | 10/15 | -€1,088,107 | -€1,804,331 | -€716,224 | -65.8% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,148,107 | -€1,864,331 | -€716,224 | -62.4% |
| Amounts payable | 17/49 | €2,364,722 | €3,227,622 | +€862,899 | +36.5% |
| Amounts payable after more than one year | 17 | €2,225,560 | €3,072,120 | +€846,560 | +38.0% |
| Financial debts | 170/4 | €2,225,560 | €3,072,120 | +€846,560 | +38.0% |
| Amounts payable within one year | 42/48 | €139,162 | €137,502 | -€1,661 | -1.2% |
| Trade debts | 44 | €81,973 | €83,652 | +€1,679 | +2.0% |
| Suppliers | 440/4 | €81,973 | €83,652 | +€1,679 | +2.0% |
| Taxes, remuneration and social security | 45 | €52,060 | €47,601 | -€4,458 | -8.6% |
| Taxes | 450/3 | - | €1,116 | +€1,116 | |
| Remuneration and social security | 454/9 | €52,060 | €46,485 | -€5,574 | -10.7% |
| Other amounts payable | 47/48 | €5,130 | €6,249 | +€1,119 | +21.8% |
| Accrued charges and deferred income | 492/3 | - | €18,000 | +€18,000 | |
| Remuneration, social security and pensions | 62 | €142,477 | €255,347 | +€112,870 | +79.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,101 | €87,686 | +€41,585 | +90.2% |
| Gross operating margin | 9900 | -€844,672 | -€172,186 | +€672,486 | +79.6% |
| Operating profit (loss) | 9901 | -€1,033,250 | -€515,219 | +€518,031 | +50.1% |
| Financial charges | 65/66B | €114,857 | €201,005 | +€86,148 | +75.0% |
| Recurring financial charges | 65 | €114,857 | €201,005 | +€86,148 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,148,107 | -€716,224 | +€431,883 | +37.6% |
| Profit (loss) for the period | 9904 | -€1,148,107 | -€716,224 | +€431,883 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,148,107 | -€716,224 | +€431,883 | +37.6% |
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 1 October 2026 via checked.be.