SCALE-UP INVEST: 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.
SCALE-UP INVEST
Largest movements
- Cash +€104,745
up €104,745 (+424%), from €24,728 to €129,474
mainly Other debts (+€150,000) and Net result for the year (+€113,639)
- Receivables within one year +€16,781
up €16,781 (+56.2%), from €29,852 to €46,633
of which Trade receivables: +€13,914
- Other debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward -€36,361
down €36,361 (-6.0%), from €610,255 to €573,895
- Financial income +€51,557
up €51,557 (+2,673%), from €1,929 to €53,485
- Gross operating margin +€21,143
up €21,143 (+28.7%), from €73,697 to €94,840
- Financial charges +€7,996
up €7,996 (+1,623%), from €493 to €8,489
- Taxes +€3,914
up €3,914 (+20.1%), from €19,463 to €23,377
- Other operating charges +€2,048
up €2,048 (+265%), from €772 to €2,820
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 | €695,463 | €816,923 | +€121,460 | +17.5% |
| Fixed assets | 21/28 | €627,083 | €627,083 | = | 0.0% |
| Financial fixed assets | 28 | €627,083 | €627,083 | = | 0.0% |
| Current assets | 29/58 | €68,381 | €189,840 | +€121,460 | +178% |
| Amounts receivable after more than one year | 29 | €13,800 | €12,333 | -€1,467 | -10.6% |
| Trade receivables | 290 | - | €12,333 | +€12,333 | |
| Other amounts receivable | 291 | €13,800 | - | -€13,800 | |
| Amounts receivable within one year | 40/41 | €29,852 | €46,633 | +€16,781 | +56.2% |
| Trade receivables | 40 | €23,252 | €37,166 | +€13,914 | +59.8% |
| Other amounts receivable | 41 | €6,600 | €9,467 | +€2,867 | +43.4% |
| Cash at bank and in hand | 54/58 | €24,728 | €129,474 | +€104,745 | +424% |
| Deferred charges and accrued income | 490/1 | - | €1,400 | +€1,400 | |
| Total equity and liabilities | 10/49 | €695,463 | €816,923 | +€121,460 | +17.5% |
| Equity | 10/15 | €678,007 | €641,646 | -€36,361 | -5.4% |
| Contributions | 10/11 | €61,592 | €61,592 | = | 0.0% |
| Capital | 10 | €61,592 | €61,592 | = | 0.0% |
| Issued capital | 100 | €61,592 | €61,592 | = | 0.0% |
| Reserves | 13 | €6,159 | €6,159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,159 | €6,159 | = | 0.0% |
| Legal reserve | 130 | €6,159 | €6,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | €610,255 | €573,895 | -€36,361 | -6.0% |
| Amounts payable | 17/49 | €17,457 | €175,277 | +€157,820 | +904% |
| Amounts payable within one year | 42/48 | €17,457 | €175,239 | +€157,782 | +904% |
| Trade debts | 44 | - | €1,470 | +€1,470 | |
| Suppliers | 440/4 | - | €1,470 | +€1,470 | |
| Taxes, remuneration and social security | 45 | €17,457 | €23,769 | +€6,312 | +36.2% |
| Taxes | 450/3 | €17,457 | €23,769 | +€6,312 | +36.2% |
| Other amounts payable | 47/48 | - | €150,000 | +€150,000 | |
| Accrued charges and deferred income | 492/3 | - | €38 | +€38 | |
| Other operating charges | 640/8 | €772 | €2,820 | +€2,048 | +265% |
| Gross operating margin | 9900 | €73,697 | €94,840 | +€21,143 | +28.7% |
| Operating profit (loss) | 9901 | €72,925 | €92,020 | +€19,095 | +26.2% |
| Financial income | 75/76B | €1,929 | €53,485 | +€51,557 | +2,673% |
| Recurring financial income | 75 | €1,929 | €53,485 | +€51,557 | +2,673% |
| Financial charges | 65/66B | €493 | €8,489 | +€7,996 | +1,623% |
| Recurring financial charges | 65 | €493 | €8,489 | +€7,996 | +1,623% |
| Profit (loss) for the period before taxes | 9903 | €74,361 | €137,017 | +€62,655 | +84.3% |
| Income taxes | 67/77 | €19,463 | €23,377 | +€3,914 | +20.1% |
| Profit (loss) for the period | 9904 | €54,898 | €113,639 | +€58,742 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €54,898 | €113,639 | +€58,742 | +107% |
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 19 October 2026 via checked.be.