SCALDINO: 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.
What changed
SCALDINO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€80,419
2024 · -€195,125+€275,544
Equity
-€96,106
2024 · €276,327-€372,433
Cash
€48,229
2024 · €35,960+€12,269
Balance sheet total
€4.9m
2024 · €5.1m-€169,043
Largest movements
Assets
- Tangible fixed assets -€127,509
down €127,509 (-2.7%), from €4.7m to €4.6m
of which Land and buildings: -€68,998
Equity and liabilities
- Reserves -€465,253
down €465,253 (-100%), from €465,253 to €0
- Other debts +€116,442
up €116,442 (+23.4%), from €497,480 to €613,921
- Current portion of long-term debt +€83,375
up €83,375 (+27.7%), from €300,777 to €384,152
- Profit (loss) carried forward +€80,419
up €80,419 (+41.2%), from -€195,125 to -€114,706
Income statement
- Depreciation -€288,124
down €288,124 (-57.1%), from €504,928 to €216,804
- Other operating charges -€22,949
down €22,949 (-59.0%), from €38,868 to €15,918
- Financial charges +€15,199
up €15,199 (+10.5%), from €144,378 to €159,577
- Financial income -€11,365
down €11,365 (-96.6%), from €11,764 to €400
- Gross operating margin -€8,858
down €8,858 (-1.8%), from €481,284 to €472,427
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
-€195,125
Gross operating margin
-€8,858
Depreciation
+€288,124
Other operating charges
+€22,949
Financial income
-€11,365
Financial charges
-€15,199
Taxes
-€108
Result 2025
€80,419
raises the resultlowers the result
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.
From operations
+€448,562
Investment
-€89,546
Financing
-€346,747
Cash 2024
€35,960
From operations (derived)
+€448,562
Net result for the year
+€80,419
Depreciation
+€216,804
Receivables within one year
+€46,245
Deferred charges and accrued income
+€7,810
Trade debts
-€17,080
Tax, wage and social debts
-€3,018
Other debts
+€116,442
Accrued charges and deferred income
+€941
Investment (derived)
-€89,546
Investment in fixed assets (net)
-€89,295
Current investments
-€251
Financing
-€346,747
Debts after one year
+€22,771
Current portion of long-term debt
+€83,375
Short-term financial debts
-€40
Contributions, distributions and other
-€452,853
Cash 2025
€48,229
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,093,389 | €4,924,346 | -€169,043 | -3.3% |
| Fixed assets | 21/28 | €4,808,375 | €4,680,866 | -€127,509 | -2.7% |
| Tangible fixed assets | 22/27 | €4,711,875 | €4,584,366 | -€127,509 | -2.7% |
| Land and buildings | 22 | €4,364,348 | €4,295,350 | -€68,998 | -1.6% |
| Plant, machinery and equipment | 23 | €281,210 | €236,778 | -€44,431 | -15.8% |
| Furniture and vehicles | 24 | €32,184 | €35,585 | +€3,402 | +10.6% |
| Other tangible fixed assets | 26 | €34,135 | €16,653 | -€17,482 | -51.2% |
| Financial fixed assets | 28 | €96,500 | €96,500 | = | 0.0% |
| Current assets | 29/58 | €285,013 | €243,480 | -€41,534 | -14.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €169,767 | €123,522 | -€46,245 | -27.2% |
| Trade receivables | 40 | €169,098 | €123,010 | -€46,088 | -27.3% |
| Other amounts receivable | 41 | €669 | €512 | -€156 | -23.4% |
| Current investments | 50/53 | €26,784 | €27,035 | +€251 | +0.9% |
| Cash at bank and in hand | 54/58 | €35,960 | €48,229 | +€12,269 | +34.1% |
| Deferred charges and accrued income | 490/1 | €12,502 | €4,693 | -€7,810 | -62.5% |
| Total equity and liabilities | 10/49 | €5,093,389 | €4,924,346 | -€169,043 | -3.3% |
| Equity | 10/15 | €276,327 | -€96,106 | -€372,433 | |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €465,253 | €0 | -€465,253 | -100% |
| Distributable reserves | 133 | €465,253 | €0 | -€465,253 | -100% |
| Profit (loss) carried forward | 14 | -€195,125 | -€114,706 | +€80,419 | +41.2% |
| Amounts payable | 17/49 | €4,817,061 | €5,020,452 | +€203,390 | +4.2% |
| Amounts payable after more than one year | 17 | €3,968,228 | €3,990,999 | +€22,771 | +0.6% |
| Financial debts | 170/4 | €3,968,228 | €3,990,999 | +€22,771 | +0.6% |
| Amounts payable within one year | 42/48 | €848,834 | €1,028,512 | +€179,679 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €300,777 | €384,152 | +€83,375 | +27.7% |
| Financial debts | 43 | €116 | €76 | -€40 | -34.6% |
| Credit institutions | 430/8 | €116 | €76 | -€40 | -34.6% |
| Trade debts | 44 | €39,579 | €22,499 | -€17,080 | -43.2% |
| Suppliers | 440/4 | €39,579 | €22,499 | -€17,080 | -43.2% |
| Taxes, remuneration and social security | 45 | €10,882 | €7,865 | -€3,018 | -27.7% |
| Taxes | 450/3 | €10,882 | €7,865 | -€3,018 | -27.7% |
| Other amounts payable | 47/48 | €497,480 | €613,921 | +€116,442 | +23.4% |
| Accrued charges and deferred income | 492/3 | €0 | €941 | +€941 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504,928 | €216,804 | -€288,124 | -57.1% |
| Other operating charges | 640/8 | €38,868 | €15,918 | -€22,949 | -59.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €481,284 | €472,427 | -€8,858 | -1.8% |
| Operating profit (loss) | 9901 | -€62,511 | €239,705 | +€302,216 | |
| Financial income | 75/76B | €11,764 | €400 | -€11,365 | -96.6% |
| Recurring financial income | 75 | €11,764 | €400 | -€11,365 | -96.6% |
| Financial charges | 65/66B | €144,378 | €159,577 | +€15,199 | +10.5% |
| Recurring financial charges | 65 | €144,378 | €159,577 | +€15,199 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€195,125 | €80,527 | +€275,652 | |
| Income taxes | 67/77 | - | €108 | +€108 | |
| Profit (loss) for the period | 9904 | -€195,125 | €80,419 | +€275,544 | |
| Profit (loss) for the period to be appropriated | 9905 | -€195,125 | €80,419 | +€275,544 |
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 17 October 2026 via checked.be.