Scabal: 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.
What changed
Scabal
NACE 46.419, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€548,721
2024 · €677,226-€1.2m
Equity
€27.8m
2024 · €28.3m-€548,721
Cash
€1.4m
2024 · €2.9m-€1.5m
Balance sheet total
€44.4m
2024 · €46.5m-€2.1m
Largest movements
Assets
- Cash -€1.5m
down €1.5m (-53.1%), from €2.9m to €1.4m
mainly Debts after one year (-€2.4m) and Investment in fixed assets (net) (-€1.9m)
- Receivables within one year -€939,232
down €939,232 (-8.2%), from €11.5m to €10.5m
of which Trade receivables: -€617,598
- Financial fixed assets +€717,435
up €717,435 (+5.2%), from €13.9m to €14.6m
of which Affiliated companies: +€708,015
- Stocks and contracts -€707,794
down €707,794 (-9.2%), from €7.7m to €6.9m
Equity and liabilities
- Debts after one year -€2.4m
down €2.4m (-39.3%), from €6.1m to €3.7m
- Other debts +€1.3m
up €1.3m (+52.0%), from €2.5m to €3.9m
- Trade debts -€560,559
down €560,559 (-10.8%), from €5.2m to €4.6m
- Profit (loss) carried forward -€548,721
down €548,721 (-7.5%), from -€7.3m to -€7.9m
Income statement
- Goods and materials -€1.9m
down €1.9m (-13.3%), from €14.0m to €12.1m
- Turnover -€1.2m
down €1.2m (-4.9%), from €25.6m to €24.4m
- Write-downs +€406,575
up €406,575 (+71.3%), from -€570,003 to -€163,428
- Staff costs +€317,537
up €317,537 (+6.4%), from €4.9m to €5.2m
- Services and other goods +€258,598
up €258,598 (+3.7%), from €6.9m to €7.2m
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.
Result 2024
€677,226
Turnover
-€1.2m
Other operating income
-€100,666
Goods and materials
+€1.9m
Services and other goods
-€258,598
Staff costs
-€317,537
Depreciation
-€155,909
Write-downs
-€406,575
Other operating charges
-€15,925
Other operating items
-€551,793
Financial income
-€126,939
Financial charges
+€31,584
Taxes
+€67,429
Result 2025
-€548,721
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.
From operations
+€2.6m
Investment
-€1.8m
Financing
-€2.3m
Cash 2024
€2.9m
From operations (derived)
+€2.6m
Net result for the year
-€548,721
Depreciation
+€799,459
Stocks and contracts
+€707,794
Receivables within one year
+€939,232
Deferred charges and accrued income
-€23,958
Trade debts
-€560,559
Smaller working-capital items
-€2,805
Other debts
+€1.3m
Investment (derived)
-€1.8m
Investment in fixed assets (net)
-€1.9m
Current investments
+€51,813
Financing
-€2.3m
Debts after one year
-€2.4m
Current portion of long-term debt
+€54,033
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,484,691 | €44,350,991 | -€2.1m | -4.6% |
| Fixed assets | 21/28 | €21,330,755 | €22,418,329 | +€1.1m | +5.1% |
| Intangible fixed assets | 21 | €883,075 | €1,124,181 | +€241,106 | +27.3% |
| Tangible fixed assets | 22/27 | €6,548,150 | €6,677,183 | +€129,033 | +2.0% |
| Land and buildings | 22 | €4,627,345 | €4,322,898 | -€304,447 | -6.6% |
| Plant, machinery and equipment | 23 | €168,685 | €329,021 | +€160,336 | +95.1% |
| Furniture and vehicles | 24 | €85,637 | €82,480 | -€3,157 | -3.7% |
| Assets under construction and advance payments | 27 | €1,666,483 | €1,942,784 | +€276,301 | +16.6% |
| Financial fixed assets | 28 | €13,899,530 | €14,616,965 | +€717,435 | +5.2% |
| Affiliated companies | 280/1 | €12,206,925 | €12,914,940 | +€708,015 | +5.8% |
| Participating interests | 280 | €10,655,925 | €11,363,940 | +€708,015 | +6.6% |
| Amounts receivable | 281 | €1,551,000 | €1,551,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,692,605 | €1,702,025 | +€9,420 | +0.6% |
| Shares | 284 | €1,689,759 | €1,689,759 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,846 | €12,266 | +€9,420 | +331.0% |
| Current assets | 29/58 | €25,153,936 | €21,932,662 | -€3.2m | -12.8% |
| Stocks and contracts in progress | 3 | €7,657,220 | €6,949,426 | -€707,794 | -9.2% |
| Stocks | 30/36 | €7,657,220 | €6,949,426 | -€707,794 | -9.2% |
| Raw materials and consumables | 30/31 | €87,698 | €96,499 | +€8,801 | +10.0% |
| Work in progress | 32 | €295,311 | €240,302 | -€55,009 | -18.6% |
| Finished goods | 33 | €287,111 | €282,396 | -€4,715 | -1.6% |
| Goods purchased for resale | 34 | €6,987,100 | €6,330,229 | -€656,871 | -9.4% |
| Amounts receivable within one year | 40/41 | €11,488,705 | €10,549,473 | -€939,232 | -8.2% |
| Trade receivables | 40 | €8,828,105 | €8,210,507 | -€617,598 | -7.0% |
| Other amounts receivable | 41 | €2,660,600 | €2,338,966 | -€321,634 | -12.1% |
| Current investments | 50/53 | €2,999,083 | €2,947,270 | -€51,813 | -1.7% |
| Other investments | 51/53 | €2,999,083 | €2,947,270 | -€51,813 | -1.7% |
| Cash at bank and in hand | 54/58 | €2,912,682 | €1,366,289 | -€1.5m | -53.1% |
| Deferred charges and accrued income | 490/1 | €96,246 | €120,204 | +€23,958 | +24.9% |
| Total equity and liabilities | 10/49 | €46,484,691 | €44,350,991 | -€2.1m | -4.6% |
| Equity | 10/15 | €28,299,602 | €27,750,881 | -€548,721 | -1.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €35,512,500 | €35,512,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €35,500,000 | €35,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,337,898 | -€7,886,619 | -€548,721 | -7.5% |
| Amounts payable | 17/49 | €18,185,089 | €16,600,110 | -€1.6m | -8.7% |
| Amounts payable after more than one year | 17 | €6,096,857 | €3,697,824 | -€2.4m | -39.3% |
| Financial debts | 170/4 | €6,096,857 | €3,697,824 | -€2.4m | -39.3% |
| Credit institutions | 173 | €6,096,857 | €3,697,824 | -€2.4m | -39.3% |
| Amounts payable within one year | 42/48 | €12,062,043 | €12,879,854 | +€817,811 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €1,866,896 | €1,920,929 | +€54,033 | +2.9% |
| Financial debts | 43 | €1,500,000 | €1,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €5,183,749 | €4,623,190 | -€560,559 | -10.8% |
| Suppliers | 440/4 | €5,183,749 | €4,623,190 | -€560,559 | -10.8% |
| Taxes, remuneration and social security | 45 | €964,930 | €965,882 | +€952 | +0.1% |
| Taxes | 450/3 | €252,797 | €166,619 | -€86,178 | -34.1% |
| Remuneration and social security | 454/9 | €712,133 | €799,263 | +€87,130 | +12.2% |
| Other amounts payable | 47/48 | €2,546,468 | €3,869,853 | +€1.3m | +52.0% |
| Accrued charges and deferred income | 492/3 | €26,189 | €22,432 | -€3,757 | -14.3% |
| Operating income | 70/76A | €26,993,170 | €25,086,351 | -€1.9m | -7.1% |
| Turnover | 70 | €25,620,880 | €24,374,200 | -€1.2m | -4.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €252,604 | -€59,725 | -€312,329 | |
| Other operating income | 74 | €833,951 | €733,285 | -€100,666 | -12.1% |
| Non-recurring operating income | 76A | €285,735 | €38,591 | -€247,144 | -86.5% |
| Operating charges | 60/66A | €26,068,070 | €25,359,272 | -€708,798 | -2.7% |
| Goods for resale, raw materials and consumables | 60 | €13,984,748 | €12,129,086 | -€1.9m | -13.3% |
| Change in stocks: decrease (increase) | 609 | €1,750,667 | €932,591 | -€818,076 | -46.7% |
| Services and other goods | 61 | €6,933,639 | €7,192,237 | +€258,598 | +3.7% |
| Remuneration, social security and pensions | 62 | €4,924,102 | €5,241,639 | +€317,537 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €643,550 | €799,459 | +€155,909 | +24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€570,003 | -€163,428 | +€406,575 | +71.3% |
| Other operating charges | 640/8 | €144,058 | €159,983 | +€15,925 | +11.1% |
| Non-recurring operating charges | 66A | €7,976 | €296 | -€7,680 | -96.3% |
| Operating profit (loss) | 9901 | €925,100 | -€272,921 | -€1.2m | |
| Recurring financial income | 75 | €252,592 | €125,653 | -€126,939 | -50.3% |
| Income from financial fixed assets | 750 | €97,662 | €78,547 | -€19,115 | -19.6% |
| Income from current assets | 751 | €143,000 | €39,019 | -€103,981 | -72.7% |
| Other financial income | 752/9 | €11,930 | €8,087 | -€3,843 | -32.2% |
| Financial charges | 65/66B | €416,110 | €384,526 | -€31,584 | -7.6% |
| Recurring financial charges | 65 | €416,110 | €384,526 | -€31,584 | -7.6% |
| Debt charges | 650 | €258,412 | €234,437 | -€23,975 | -9.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€43,857 | €21,454 | +€65,311 | |
| Other financial charges | 652/9 | €201,555 | €128,635 | -€72,920 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €761,582 | -€531,794 | -€1.3m | |
| Income taxes | 67/77 | €84,356 | €16,927 | -€67,429 | -79.9% |
| Taxes | 670/3 | €84,356 | €16,927 | -€67,429 | -79.9% |
| Profit (loss) for the period | 9904 | €677,226 | -€548,721 | -€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €677,226 | -€548,721 | -€1.2m |
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 2 October 2026 via checked.be.