SCAGLITHERM: 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.
SCAGLITHERM
Largest movements
- Receivables within one year +€27,003
up €27,003 (+77.8%), from €34,709 to €61,712
of which Trade receivables: +€16,333
- Tangible fixed assets -€4,833
down €4,833 (-35.2%), from €13,745 to €8,912
- Stocks and contracts -€2,686
down €2,686 (-5.6%), from €48,062 to €45,376
- Cash -€1,221
down €1,221 (-52.8%), from €2,314 to €1,093
mainly Receivables within one year (-€27,003) and Tax, wage and social debts (-€24,069)
- Trade debts +€54,153
up €54,153 (+106%), from €51,050 to €105,202
- Tax, wage and social debts -€24,069
down €24,069 (-84.3%), from €28,564 to €4,495
of which Taxes: -€12,993
- Debts after one year -€19,880
down €19,880 (-32.0%), from €62,196 to €42,317
- Profit (loss) carried forward +€7,517
up €7,517 (+11.2%), from -€67,332 to -€59,815
- Other operating charges -€35,444
down €35,444 (-83.1%), from €42,629 to €7,185
- Gross operating margin +€20,897
up €20,897 (+27.6%), from €75,596 to €96,494
- Depreciation +€4,078
up €4,078 (+540%), from €755 to €4,833
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 | €98,830 | €117,094 | +€18,264 | +18.5% |
| Fixed assets | 21/28 | €13,745 | €8,912 | -€4,833 | -35.2% |
| Tangible fixed assets | 22/27 | €13,745 | €8,912 | -€4,833 | -35.2% |
| Furniture and vehicles | 24 | €13,745 | €8,912 | -€4,833 | -35.2% |
| Current assets | 29/58 | €85,085 | €108,182 | +€23,096 | +27.1% |
| Stocks and contracts in progress | 3 | €48,062 | €45,376 | -€2,686 | -5.6% |
| Stocks | 30/36 | €48,062 | €45,376 | -€2,686 | -5.6% |
| Amounts receivable within one year | 40/41 | €34,709 | €61,712 | +€27,003 | +77.8% |
| Trade receivables | 40 | €34,704 | €51,037 | +€16,333 | +47.1% |
| Other amounts receivable | 41 | €5 | €10,675 | +€10,670 | +224,636% |
| Cash at bank and in hand | 54/58 | €2,314 | €1,093 | -€1,221 | -52.8% |
| Total equity and liabilities | 10/49 | €98,830 | €117,094 | +€18,264 | +18.5% |
| Equity | 10/15 | -€45,385 | -€37,868 | +€7,517 | +16.6% |
| Contributions | 10/11 | €21,947 | €21,947 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,332 | -€59,815 | +€7,517 | +11.2% |
| Amounts payable | 17/49 | €144,215 | €154,962 | +€10,747 | +7.5% |
| Amounts payable after more than one year | 17 | €62,196 | €42,317 | -€19,880 | -32.0% |
| Other amounts payable | 178/9 | €62,196 | €42,317 | -€19,880 | -32.0% |
| Amounts payable within one year | 42/48 | €82,019 | €112,645 | +€30,627 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,405 | €2,948 | +€543 | +22.6% |
| Credit institutions | 430/8 | €2,405 | €2,948 | +€543 | +22.6% |
| Trade debts | 44 | €51,050 | €105,202 | +€54,153 | +106% |
| Suppliers | 440/4 | €51,050 | €105,202 | +€54,153 | +106% |
| Taxes, remuneration and social security | 45 | €28,564 | €4,495 | -€24,069 | -84.3% |
| Taxes | 450/3 | €12,993 | €0 | -€12,993 | -100% |
| Remuneration and social security | 454/9 | €15,571 | €4,495 | -€11,076 | -71.1% |
| Remuneration, social security and pensions | 62 | €74,374 | €74,166 | -€208 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €755 | €4,833 | +€4,078 | +540% |
| Other operating charges | 640/8 | €42,629 | €7,185 | -€35,444 | -83.1% |
| Gross operating margin | 9900 | €75,596 | €96,494 | +€20,897 | +27.6% |
| Operating profit (loss) | 9901 | -€42,161 | €10,309 | +€52,470 | |
| Financial income | 75/76B | €25 | €283 | +€259 | +1,056% |
| Recurring financial income | 75 | €25 | €283 | +€259 | +1,056% |
| Financial charges | 65/66B | €2,348 | €3,074 | +€727 | +30.9% |
| Recurring financial charges | 65 | €2,348 | €3,074 | +€727 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | -€44,484 | €7,518 | +€52,003 | |
| Income taxes | 67/77 | €0 | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€44,484 | €7,517 | +€52,001 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,484 | €7,517 | +€52,001 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.