SCALE MODELS: 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.
SCALE MODELS
Largest movements
- Current investments +€284,234
up €284,234 (+9.6%), from €3.0m to €3.2m
- Tangible fixed assets -€67,656
down €67,656 (-93.7%), from €72,180 to €4,524
of which Land and buildings: -€58,811
- Cash +€62,117
up €62,117 (+136.9%), from €45,373 to €107,490
mainly Net result for the year (+€227,923) and Investment in fixed assets (net) (+€56,239)
- Stocks and contracts -€44,902
down €44,902 (-28.2%), from €159,395 to €114,492
- Reserves +€227,000
up €227,000 (+15.6%), from €1.5m to €1.7m
of which Distributable reserves: +€227,000
- Gross operating margin +€113,418
up €113,418 (+69.2%), from €163,944 to €277,362
- Taxes +€45,958
up €45,958 (+85.2%), from €53,954 to €99,911
- Financial charges -€17,921
down €17,921, from €16,769 to -€1,152
- Depreciation -€17,309
down €17,309 (-60.3%), from €28,727 to €11,418
- Staff costs -€11,943
down €11,943 (-100.0%), from €11,943 to €0
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 | €3,251,500 | €3,483,579 | +€232,079 | +7.1% |
| Fixed assets | 21/28 | €72,180 | €4,524 | -€67,656 | -93.7% |
| Tangible fixed assets | 22/27 | €72,180 | €4,524 | -€67,656 | -93.7% |
| Land and buildings | 22 | €58,811 | €0 | -€58,811 | -100.0% |
| Furniture and vehicles | 24 | €13,369 | €4,524 | -€8,845 | -66.2% |
| Current assets | 29/58 | €3,179,319 | €3,479,055 | +€299,736 | +9.4% |
| Stocks and contracts in progress | 3 | €159,395 | €114,492 | -€44,902 | -28.2% |
| Stocks | 30/36 | €159,395 | €114,492 | -€44,902 | -28.2% |
| Amounts receivable within one year | 40/41 | €19,452 | €17,739 | -€1,713 | -8.8% |
| Trade receivables | 40 | €15,141 | €13,586 | -€1,554 | -10.3% |
| Other amounts receivable | 41 | €4,311 | €4,153 | -€158 | -3.7% |
| Current investments | 50/53 | €2,955,100 | €3,239,334 | +€284,234 | +9.6% |
| Cash at bank and in hand | 54/58 | €45,373 | €107,490 | +€62,117 | +136.9% |
| Total equity and liabilities | 10/49 | €3,251,500 | €3,483,579 | +€232,079 | +7.1% |
| Equity | 10/15 | €2,608,102 | €2,836,025 | +€227,923 | +8.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,456,000 | €1,683,000 | +€227,000 | +15.6% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €1,446,000 | €1,673,000 | +€227,000 | +15.7% |
| Profit (loss) carried forward | 14 | €1,052,102 | €1,053,025 | +€923 | +0.1% |
| Amounts payable | 17/49 | €643,398 | €647,554 | +€4,156 | +0.6% |
| Amounts payable after more than one year | 17 | €621,439 | €621,439 | = | 0.0% |
| Other amounts payable | 178/9 | €621,439 | €621,439 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,959 | €26,115 | +€4,156 | +18.9% |
| Trade debts | 44 | €381 | €4,495 | +€4,114 | +1081.0% |
| Suppliers | 440/4 | €381 | €4,495 | +€4,114 | +1081.0% |
| Taxes, remuneration and social security | 45 | €21,579 | €21,620 | +€42 | +0.2% |
| Taxes | 450/3 | €21,579 | €21,620 | +€42 | +0.2% |
| Non-recurring operating income | 76A | - | €172,741 | +€172,741 | |
| Remuneration, social security and pensions | 62 | €11,943 | €0 | -€11,943 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,727 | €11,418 | -€17,309 | -60.3% |
| Other operating charges | 640/8 | €5,870 | €6,045 | +€175 | +3.0% |
| Gross operating margin | 9900 | €163,944 | €277,362 | +€113,418 | +69.2% |
| Operating profit (loss) | 9901 | €117,405 | €259,900 | +€142,495 | +121.4% |
| Financial income | 75/76B | €68,627 | €66,783 | -€1,844 | -2.7% |
| Recurring financial income | 75 | €68,627 | €66,783 | -€1,844 | -2.7% |
| Financial charges | 65/66B | €16,769 | -€1,152 | -€17,921 | |
| Recurring financial charges | 65 | €16,769 | -€1,152 | -€17,921 | |
| Profit (loss) for the period before taxes | 9903 | €169,263 | €327,835 | +€158,572 | +93.7% |
| Income taxes | 67/77 | €53,954 | €99,911 | +€45,958 | +85.2% |
| Profit (loss) for the period | 9904 | €115,309 | €227,923 | +€112,615 | +97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €115,309 | €227,923 | +€112,615 | +97.7% |
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 3 October 2026 via checked.be.