SCALE X: 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 X
Largest movements
- Cash +€111,472
up €111,472 (+77.0%), from €144,705 to €256,176
mainly Net result for the year (+€87,139) and Tax, wage and social debts (+€22,795)
- Receivables within one year +€15,797
up €15,797 (+91.4%), from €17,277 to €33,074
- Deferred charges and accrued income -€8,000
no longer reported in 2025 (was €8,000)
- Profit (loss) carried forward +€87,139
up €87,139 (+103%), from €84,271 to €171,409
- Tax, wage and social debts +€22,795
up €22,795 (+70.8%), from €32,178 to €54,973
- Other debts +€9,258
up €9,258 (+44.0%), from €21,050 to €30,308
- Gross operating margin +€5,615
up €5,615 (+5.2%), from €107,314 to €112,930
- Financial charges +€1,780
up €1,780 (+4,054%), from €44 to €1,824
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 | €173,563 | €291,679 | +€118,116 | +68.1% |
| Fixed assets | 21/28 | €3,582 | €2,429 | -€1,153 | -32.2% |
| Tangible fixed assets | 22/27 | €3,582 | €2,429 | -€1,153 | -32.2% |
| Furniture and vehicles | 24 | €3,582 | €2,429 | -€1,153 | -32.2% |
| Current assets | 29/58 | €169,982 | €289,250 | +€119,269 | +70.2% |
| Amounts receivable within one year | 40/41 | €17,277 | €33,074 | +€15,797 | +91.4% |
| Trade receivables | 40 | €17,277 | €33,074 | +€15,797 | +91.4% |
| Cash at bank and in hand | 54/58 | €144,705 | €256,176 | +€111,472 | +77.0% |
| Deferred charges and accrued income | 490/1 | €8,000 | - | -€8,000 | |
| Total equity and liabilities | 10/49 | €173,563 | €291,679 | +€118,116 | +68.1% |
| Equity | 10/15 | €119,239 | €206,378 | +€87,139 | +73.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,968 | €29,968 | = | 0.0% |
| Distributable reserves | 133 | €29,968 | €29,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,271 | €171,409 | +€87,139 | +103% |
| Amounts payable | 17/49 | €54,324 | €85,301 | +€30,977 | +57.0% |
| Amounts payable within one year | 42/48 | €54,324 | €85,301 | +€30,977 | +57.0% |
| Trade debts | 44 | €1,097 | €21 | -€1,076 | -98.1% |
| Suppliers | 440/4 | €1,097 | €21 | -€1,076 | -98.1% |
| Taxes, remuneration and social security | 45 | €32,178 | €54,973 | +€22,795 | +70.8% |
| Taxes | 450/3 | €32,178 | €54,973 | +€22,795 | +70.8% |
| Other amounts payable | 47/48 | €21,050 | €30,308 | +€9,258 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €1,428 | +€11 | +0.8% |
| Gross operating margin | 9900 | €107,314 | €112,930 | +€5,615 | +5.2% |
| Operating profit (loss) | 9901 | €105,897 | €111,502 | +€5,604 | +5.3% |
| Financial charges | 65/66B | €44 | €1,824 | +€1,780 | +4,054% |
| Recurring financial charges | 65 | €44 | €1,824 | +€1,780 | +4,054% |
| Profit (loss) for the period before taxes | 9903 | €105,853 | €109,678 | +€3,825 | +3.6% |
| Income taxes | 67/77 | €21,583 | €22,539 | +€957 | +4.4% |
| Profit (loss) for the period | 9904 | €84,271 | €87,139 | +€2,868 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €84,271 | €87,139 | +€2,868 | +3.4% |
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 20 October 2026 via checked.be.