SCALEX: 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.
SCALEX
Largest movements
- Receivables within one year +€72,486
up €72,486 (+42.4%), from €170,885 to €243,371
of which Trade receivables: +€65,764
- Cash -€70,364
down €70,364 (-30.5%), from €230,967 to €160,603
mainly Other debts (-€87,732) and Receivables within one year (-€72,486)
- Tangible fixed assets -€47,028
down €47,028 (-33.7%), from €139,527 to €92,498
- Other debts -€87,732
down €87,732 (-72.6%), from €120,775 to €33,043
- Trade debts +€35,833
up €35,833 (+222.6%), from €16,097 to €51,931
- Tax, wage and social debts +€10,974
up €10,974 (+36.5%), from €30,062 to €41,036
of which Remuneration and social security: +€6,764
- Debts after one year -€10,640
down €10,640 (-70.3%), from €15,125 to €4,485
- Reserves +€8,131
up €8,131 (+2.2%), from €366,090 to €374,221
- Staff costs +€21,730
up €21,730 (+18.0%), from €120,906 to €142,637
- Gross operating margin -€18,181
down €18,181 (-8.0%), from €228,121 to €209,940
- Taxes -€11,241
down €11,241 (-58.6%), from €19,179 to €7,938
- Depreciation +€3,735
up €3,735 (+8.6%), from €43,293 to €47,028
- Other operating charges -€2,879
down €2,879 (-46.5%), from €6,187 to €3,308
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 | €571,024 | €527,756 | -€43,268 | -7.6% |
| Fixed assets | 21/28 | €139,527 | €92,498 | -€47,028 | -33.7% |
| Tangible fixed assets | 22/27 | €139,527 | €92,498 | -€47,028 | -33.7% |
| Land and buildings | 22 | €51,282 | €42,965 | -€8,317 | -16.2% |
| Plant, machinery and equipment | 23 | €1,475 | €676 | -€799 | -54.2% |
| Furniture and vehicles | 24 | €32,030 | €9,953 | -€22,077 | -68.9% |
| Other tangible fixed assets | 26 | €54,739 | €38,904 | -€15,835 | -28.9% |
| Current assets | 29/58 | €431,497 | €435,258 | +€3,761 | +0.9% |
| Amounts receivable within one year | 40/41 | €170,885 | €243,371 | +€72,486 | +42.4% |
| Trade receivables | 40 | €85,037 | €150,801 | +€65,764 | +77.3% |
| Other amounts receivable | 41 | €85,848 | €92,570 | +€6,722 | +7.8% |
| Current investments | 50/53 | €29,645 | €29,645 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €230,967 | €160,603 | -€70,364 | -30.5% |
| Deferred charges and accrued income | 490/1 | - | €1,638 | +€1,638 | |
| Total equity and liabilities | 10/49 | €571,024 | €527,756 | -€43,268 | -7.6% |
| Equity | 10/15 | €378,490 | €386,621 | +€8,131 | +2.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €366,090 | €374,221 | +€8,131 | +2.2% |
| Distributable reserves | 133 | €366,090 | €374,221 | +€8,131 | +2.2% |
| Amounts payable | 17/49 | €192,534 | €141,136 | -€51,398 | -26.7% |
| Amounts payable after more than one year | 17 | €15,125 | €4,485 | -€10,640 | -70.3% |
| Financial debts | 170/4 | €15,125 | €4,485 | -€10,640 | -70.3% |
| Amounts payable within one year | 42/48 | €177,409 | €136,651 | -€40,758 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €10,474 | €10,640 | +€166 | +1.6% |
| Trade debts | 44 | €16,097 | €51,931 | +€35,833 | +222.6% |
| Suppliers | 440/4 | €16,097 | €51,931 | +€35,833 | +222.6% |
| Taxes, remuneration and social security | 45 | €30,062 | €41,036 | +€10,974 | +36.5% |
| Taxes | 450/3 | €16,101 | €20,311 | +€4,210 | +26.1% |
| Remuneration and social security | 454/9 | €13,961 | €20,725 | +€6,764 | +48.5% |
| Other amounts payable | 47/48 | €120,775 | €33,043 | -€87,732 | -72.6% |
| Remuneration, social security and pensions | 62 | €120,906 | €142,637 | +€21,730 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,293 | €47,028 | +€3,735 | +8.6% |
| Other operating charges | 640/8 | €6,187 | €3,308 | -€2,879 | -46.5% |
| Gross operating margin | 9900 | €228,121 | €209,940 | -€18,181 | -8.0% |
| Operating profit (loss) | 9901 | €57,735 | €16,967 | -€40,767 | -70.6% |
| Financial income | 75/76B | €112 | €1 | -€110 | -98.8% |
| Recurring financial income | 75 | €112 | €1 | -€110 | -98.8% |
| Financial charges | 65/66B | €869 | €900 | +€31 | +3.6% |
| Recurring financial charges | 65 | €869 | €900 | +€31 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €56,978 | €16,069 | -€40,909 | -71.8% |
| Income taxes | 67/77 | €19,179 | €7,938 | -€11,241 | -58.6% |
| Profit (loss) for the period | 9904 | €37,798 | €8,131 | -€29,668 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €37,798 | €8,131 | -€29,668 | -78.5% |
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 6 October 2026 via checked.be.