S'CAPE: 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.
S'CAPE
Largest movements
- Tangible fixed assets -€34,046
down €34,046 (-2.1%), from €1.6m to €1.6m
of which Land and buildings: -€34,404
- Profit (loss) carried forward -€81,621
down €81,621 (-9.6%), from -€848,361 to -€929,982
- Other debts +€56,148
up €56,148 (+103.8%), from €54,095 to €110,243
- Debts after one year -€25,208
down €25,208 (-1.1%), from €2.4m to €2.4m
of which Financial debts: -€25,208
- Other operating charges +€25,834
up €25,834 (+243.3%), from €10,616 to €36,450
- Gross operating margin -€22,761
down €22,761 (-27.9%), from €81,496 to €58,735
- Staff costs +€6,653
up €6,653 (+36.0%), from €18,463 to €25,116
- Financial charges +€6,123
up €6,123 (+43.9%), from €13,943 to €20,066
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.
Cash bridge derived
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 | €1,645,905 | €1,617,573 | -€28,332 | -1.7% |
| Fixed assets | 21/28 | €1,626,942 | €1,592,895 | -€34,046 | -2.1% |
| Tangible fixed assets | 22/27 | €1,626,561 | €1,592,515 | -€34,046 | -2.1% |
| Land and buildings | 22 | €1,626,561 | €1,592,157 | -€34,404 | -2.1% |
| Plant, machinery and equipment | 23 | - | €358 | +€358 | |
| Financial fixed assets | 28 | €380 | €380 | = | 0.0% |
| Current assets | 29/58 | €18,963 | €24,678 | +€5,715 | +30.1% |
| Amounts receivable within one year | 40/41 | €3,151 | €17,613 | +€14,463 | +459.0% |
| Trade receivables | 40 | €1,908 | €17,279 | +€15,371 | +805.6% |
| Other amounts receivable | 41 | €1,243 | €334 | -€908 | -73.1% |
| Cash at bank and in hand | 54/58 | €5,813 | €7,065 | +€1,252 | +21.5% |
| Deferred charges and accrued income | 490/1 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €1,645,905 | €1,617,573 | -€28,332 | -1.7% |
| Equity | 10/15 | -€839,522 | -€921,143 | -€81,621 | -9.7% |
| Contributions | 10/11 | €8,067 | €8,067 | = | 0.0% |
| Reserves | 13 | €772 | €772 | = | 0.0% |
| Distributable reserves | 133 | €772 | €772 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€848,361 | -€929,982 | -€81,621 | -9.6% |
| Amounts payable | 17/49 | €2,485,427 | €2,538,716 | +€53,289 | +2.1% |
| Amounts payable after more than one year | 17 | €2,391,982 | €2,366,775 | -€25,208 | -1.1% |
| Financial debts | 170/4 | €556,910 | €531,702 | -€25,208 | -4.5% |
| Other amounts payable | 178/9 | €1,835,072 | €1,835,072 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,445 | €171,020 | +€77,575 | +83.0% |
| Current portion of amounts payable after more than one year | 42 | €29,208 | €27,477 | -€1,732 | -5.9% |
| Trade debts | 44 | €1,167 | €12,451 | +€11,283 | +966.7% |
| Suppliers | 440/4 | €1,167 | €12,451 | +€11,283 | +966.7% |
| Advances received on contracts in progress | 46 | €1,908 | €0 | -€1,908 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,067 | €20,850 | +€13,783 | +195.1% |
| Taxes | 450/3 | €2,724 | €12,712 | +€9,988 | +366.6% |
| Remuneration and social security | 454/9 | €4,342 | €8,137 | +€3,795 | +87.4% |
| Other amounts payable | 47/48 | €54,095 | €110,243 | +€56,148 | +103.8% |
| Accrued charges and deferred income | 492/3 | - | €921 | +€921 | |
| Remuneration, social security and pensions | 62 | €18,463 | €25,116 | +€6,653 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,539 | €58,563 | +€24 | 0.0% |
| Other operating charges | 640/8 | €10,616 | €36,450 | +€25,834 | +243.3% |
| Gross operating margin | 9900 | €81,496 | €58,735 | -€22,761 | -27.9% |
| Operating profit (loss) | 9901 | -€6,122 | -€61,394 | -€55,272 | -902.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +46900.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +46900.0% |
| Financial charges | 65/66B | €13,943 | €20,066 | +€6,123 | +43.9% |
| Recurring financial charges | 65 | €13,943 | €20,066 | +€6,123 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | -€20,066 | -€81,456 | -€61,390 | -305.9% |
| Income taxes | 67/77 | €157 | €165 | +€8 | +5.1% |
| Profit (loss) for the period | 9904 | -€20,223 | -€81,621 | -€61,398 | -303.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,223 | -€81,621 | -€61,398 | -303.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.