Scalas: 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.
Scalas
Largest movements
- Tangible fixed assets -€25,764
down €25,764 (-7.1%), from €361,475 to €335,711
of which Land and buildings: -€14,500
- Receivables within one year +€22,377
up €22,377 (+51.0%), from €43,892 to €66,269
of which Trade receivables: +€16,698
- Cash +€10,119
up €10,119 (+93.7%), from €10,797 to €20,915
mainly Net result for the year (+€31,217) and Depreciation (+€26,715)
- Debts after one year -€33,757
down €33,757 (-24.1%), from €140,018 to €106,261
- Reserves +€31,217
up €31,217 (+66.2%), from €47,165 to €78,381
- Trade debts +€19,243
up €19,243 (+163.2%), from €11,793 to €31,036
- Current portion of long-term debt -€7,102
down €7,102 (-14.7%), from €48,164 to €41,062
- Short-term financial debts +€4,456
up €4,456 (+82.0%), from €5,432 to €9,887
- Gross operating margin -€5,564
down €5,564 (-6.5%), from €85,707 to €80,143
- Financial charges -€1,661
down €1,661 (-15.1%), from €11,016 to €9,356
- Other operating charges +€1,037
up €1,037 (+21.5%), from €4,819 to €5,857
- Financial income -€967
down €967 (-44.1%), from €2,191 to €1,224
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 | €422,069 | €431,511 | +€9,442 | +2.2% |
| Formation expenses | 20 | €1,595 | €645 | -€950 | -59.6% |
| Fixed assets | 21/28 | €361,475 | €335,711 | -€25,764 | -7.1% |
| Tangible fixed assets | 22/27 | €361,475 | €335,711 | -€25,764 | -7.1% |
| Land and buildings | 22 | €241,653 | €227,153 | -€14,500 | -6.0% |
| Plant, machinery and equipment | 23 | €116,658 | €106,658 | -€10,000 | -8.6% |
| Furniture and vehicles | 24 | €836 | €308 | -€527 | -63.1% |
| Other tangible fixed assets | 26 | €2,329 | €1,592 | -€737 | -31.7% |
| Current assets | 29/58 | €58,999 | €95,155 | +€36,157 | +61.3% |
| Stocks and contracts in progress | 3 | €3,883 | €7,693 | +€3,810 | +98.1% |
| Stocks | 30/36 | €3,883 | €7,693 | +€3,810 | +98.1% |
| Amounts receivable within one year | 40/41 | €43,892 | €66,269 | +€22,377 | +51.0% |
| Trade receivables | 40 | €21,805 | €38,504 | +€16,698 | +76.6% |
| Other amounts receivable | 41 | €22,087 | €27,766 | +€5,679 | +25.7% |
| Cash at bank and in hand | 54/58 | €10,797 | €20,915 | +€10,119 | +93.7% |
| Deferred charges and accrued income | 490/1 | €426 | €277 | -€150 | -35.1% |
| Total equity and liabilities | 10/49 | €422,069 | €431,511 | +€9,442 | +2.2% |
| Equity | 10/15 | €202,165 | €233,381 | +€31,217 | +15.4% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €47,165 | €78,381 | +€31,217 | +66.2% |
| Distributable reserves | 133 | €47,165 | €78,381 | +€31,217 | +66.2% |
| Amounts payable | 17/49 | €219,905 | €198,130 | -€21,775 | -9.9% |
| Amounts payable after more than one year | 17 | €140,018 | €106,261 | -€33,757 | -24.1% |
| Financial debts | 170/4 | €140,018 | €106,261 | -€33,757 | -24.1% |
| Amounts payable within one year | 42/48 | €77,120 | €91,785 | +€14,665 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €48,164 | €41,062 | -€7,102 | -14.7% |
| Financial debts | 43 | €5,432 | €9,887 | +€4,456 | +82.0% |
| Credit institutions | 430/8 | €5,432 | €9,887 | +€4,456 | +82.0% |
| Trade debts | 44 | €11,793 | €31,036 | +€19,243 | +163.2% |
| Suppliers | 440/4 | €11,793 | €31,036 | +€19,243 | +163.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,731 | €9,800 | -€1,931 | -16.5% |
| Taxes | 450/3 | €11,731 | €8,239 | -€3,493 | -29.8% |
| Remuneration and social security | 454/9 | €0 | €1,561 | +€1,561 | |
| Accrued charges and deferred income | 492/3 | €2,767 | €84 | -€2,683 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,736 | €26,715 | -€21 | -0.1% |
| Other operating charges | 640/8 | €4,819 | €5,857 | +€1,037 | +21.5% |
| Non-recurring operating charges | 66A | €4,264 | €0 | -€4,264 | -100.0% |
| Gross operating margin | 9900 | €85,707 | €80,143 | -€5,564 | -6.5% |
| Operating profit (loss) | 9901 | €49,888 | €47,571 | -€2,316 | -4.6% |
| Financial income | 75/76B | €2,191 | €1,224 | -€967 | -44.1% |
| Recurring financial income | 75 | €2,191 | €1,224 | -€967 | -44.1% |
| Financial charges | 65/66B | €11,016 | €9,356 | -€1,661 | -15.1% |
| Recurring financial charges | 65 | €11,016 | €9,356 | -€1,661 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €41,062 | €39,440 | -€1,622 | -4.0% |
| Income taxes | 67/77 | €8,655 | €8,224 | -€431 | -5.0% |
| Profit (loss) for the period | 9904 | €32,408 | €31,217 | -€1,191 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,408 | €31,217 | -€1,191 | -3.7% |
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 5 October 2026 via checked.be.