ScaffCo: what changed
ScaffCo
Largest movements
- Receivables within one year -€60,480
down €60,480 (-8.7%), from €696,348 to €635,868
of which Trade receivables: -€120,716
- Cash -€14,207
down €14,207 (-99.5%), from €14,283 to €76
mainly Debts after one year (-€674,601) and Net result for the year (-€69,136)
- Tangible fixed assets -€10,518
down €10,518 (-46.2%), from €22,779 to €12,261
of which Leasing and similar rights: -€5,547
- Other debts +€687,039
up €687,039 (+162%), from €424,581 to €1.1m
- Debts after one year -€674,601
no longer reported in 2025 (was €674,601)
- Profit (loss) carried forward -€69,136
down €69,136 (-17.8%), from -€387,611 to -€456,747
- Trade debts -€30,262
down €30,262 (-86.7%), from €34,886 to €4,624
- Gross operating margin -€64,222
down €64,222, from €54,507 to -€9,715
- Write-downs +€31,657
up €31,657, from -€540 to €31,117
- Financial charges -€18,490
down €18,490 (-45.7%), from €40,440 to €21,950
- Depreciation -€10,545
down €10,545 (-66.1%), from €15,951 to €5,406
- Financial income -€1,568
no longer reported in 2025 (was €1,568)
of which Financial income: -€1,568
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €759,625 | €671,897 | -€87,728 | -11.5% |
| Fixed assets | 21/28 | €23,124 | €12,606 | -€10,518 | -45.5% |
| Tangible fixed assets | 22/27 | €22,779 | €12,261 | -€10,518 | -46.2% |
| Land and buildings | 22 | €6,775 | €6,033 | -€742 | -11.0% |
| Plant, machinery and equipment | 23 | €8,729 | €4,978 | -€3,751 | -43.0% |
| Furniture and vehicles | 24 | €1,729 | €1,251 | -€478 | -27.6% |
| Leasing and similar rights | 25 | €5,547 | - | -€5,547 | |
| Financial fixed assets | 28 | €345 | €345 | = | 0.0% |
| Current assets | 29/58 | €736,501 | €659,291 | -€77,210 | -10.5% |
| Amounts receivable within one year | 40/41 | €696,348 | €635,868 | -€60,480 | -8.7% |
| Trade receivables | 40 | €139,510 | €18,794 | -€120,716 | -86.5% |
| Other amounts receivable | 41 | €556,838 | €617,074 | +€60,236 | +10.8% |
| Cash at bank and in hand | 54/58 | €14,283 | €76 | -€14,207 | -99.5% |
| Deferred charges and accrued income | 490/1 | €25,870 | €23,347 | -€2,523 | -9.8% |
| Total equity and liabilities | 10/49 | €759,625 | €671,897 | -€87,728 | -11.5% |
| Equity | 10/15 | -€375,211 | -€444,347 | -€69,136 | -18.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€387,611 | -€456,747 | -€69,136 | -17.8% |
| Amounts payable | 17/49 | €1,134,836 | €1,116,244 | -€18,592 | -1.6% |
| Amounts payable after more than one year | 17 | €674,601 | - | -€674,601 | |
| Financial debts | 170/4 | €674,601 | - | -€674,601 | |
| Amounts payable within one year | 42/48 | €460,235 | €1,116,244 | +€656,009 | +143% |
| Current portion of amounts payable after more than one year | 42 | €768 | - | -€768 | |
| Trade debts | 44 | €34,886 | €4,624 | -€30,262 | -86.7% |
| Suppliers | 440/4 | €34,886 | €4,624 | -€30,262 | -86.7% |
| Other amounts payable | 47/48 | €424,581 | €1,111,620 | +€687,039 | +162% |
| Non-recurring operating income | 76A | - | €435 | +€435 | |
| Remuneration, social security and pensions | 62 | €433 | €657 | +€224 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,951 | €5,406 | -€10,545 | -66.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€540 | €31,117 | +€31,657 | |
| Other operating charges | 640/8 | €1,467 | €291 | -€1,175 | -80.1% |
| Gross operating margin | 9900 | €54,507 | -€9,715 | -€64,222 | |
| Operating profit (loss) | 9901 | €37,196 | -€47,186 | -€84,383 | |
| Financial income | 75/76B | €1,568 | - | -€1,568 | |
| Recurring financial income | 75 | €1,568 | - | -€1,568 | |
| Non-recurring financial income | 76B | €1,568 | - | -€1,568 | |
| Financial charges | 65/66B | €40,440 | €21,950 | -€18,490 | -45.7% |
| Recurring financial charges | 65 | €40,440 | €21,950 | -€18,490 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,676 | -€69,136 | -€67,460 | -4,025% |
| Income taxes | 67/77 | €257 | - | -€257 | |
| Profit (loss) for the period | 9904 | -€1,933 | -€69,136 | -€67,203 | -3,477% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,933 | -€69,136 | -€67,203 | -3,477% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.