SCALINI: 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.
SCALINI
Largest movements
- Current investments +€41,225
up €41,225 (+19.1%), from €215,875 to €257,100
- Receivables within one year +€26,092
up €26,092 (+76.8%), from €33,977 to €60,069
of which Trade receivables: +€25,125
- Cash -€17,366
down €17,366 (-59.2%), from €29,340 to €11,974
mainly Other debts (-€63,826) and Current investments (-€41,225)
- Tangible fixed assets -€10,589
down €10,589 (-26.0%), from €40,765 to €30,177
of which Furniture and vehicles: -€8,154
- Reserves +€107,179
up €107,179 (+72.5%), from €147,871 to €255,050
of which Distributable reserves: +€107,179
- Other debts -€63,826
down €63,826 (-54.6%), from €116,865 to €53,038
- Gross operating margin +€33,142
up €33,142 (+26.2%), from €126,575 to €159,717
- Taxes +€4,099
up €4,099 (+10.2%), from €40,360 to €44,459
- Depreciation +€1,877
up €1,877 (+21.5%), from €8,712 to €10,589
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 | €321,873 | €360,954 | +€39,081 | +12.1% |
| Fixed assets | 21/28 | €40,815 | €30,227 | -€10,589 | -25.9% |
| Tangible fixed assets | 22/27 | €40,765 | €30,177 | -€10,589 | -26.0% |
| Plant, machinery and equipment | 23 | €6,111 | €3,676 | -€2,435 | -39.8% |
| Furniture and vehicles | 24 | €34,655 | €26,500 | -€8,154 | -23.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €281,058 | €330,727 | +€49,669 | +17.7% |
| Stocks and contracts in progress | 3 | €1,866 | €1,584 | -€281 | -15.1% |
| Stocks | 30/36 | €1,866 | €1,584 | -€281 | -15.1% |
| Amounts receivable within one year | 40/41 | €33,977 | €60,069 | +€26,092 | +76.8% |
| Trade receivables | 40 | €33,430 | €58,555 | +€25,125 | +75.2% |
| Other amounts receivable | 41 | €547 | €1,514 | +€967 | +176.8% |
| Current investments | 50/53 | €215,875 | €257,100 | +€41,225 | +19.1% |
| Cash at bank and in hand | 54/58 | €29,340 | €11,974 | -€17,366 | -59.2% |
| Total equity and liabilities | 10/49 | €321,873 | €360,954 | +€39,081 | +12.1% |
| Equity | 10/15 | €163,901 | €271,080 | +€107,179 | +65.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €147,871 | €255,050 | +€107,179 | +72.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,326 | €11,326 | = | 0.0% |
| Distributable reserves | 133 | €134,686 | €241,865 | +€107,179 | +79.6% |
| Profit (loss) carried forward | 14 | -€2,562 | -€2,562 | = | 0.0% |
| Amounts payable | 17/49 | €157,972 | €89,874 | -€68,098 | -43.1% |
| Amounts payable within one year | 42/48 | €157,972 | €89,874 | -€68,098 | -43.1% |
| Trade debts | 44 | €1,200 | €152 | -€1,048 | -87.3% |
| Suppliers | 440/4 | €1,200 | €152 | -€1,048 | -87.3% |
| Taxes, remuneration and social security | 45 | €39,907 | €36,683 | -€3,224 | -8.1% |
| Taxes | 450/3 | €39,907 | €36,683 | -€3,224 | -8.1% |
| Other amounts payable | 47/48 | €116,865 | €53,038 | -€63,826 | -54.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,712 | €10,589 | +€1,877 | +21.5% |
| Other operating charges | 640/8 | €611 | €226 | -€385 | -63.1% |
| Gross operating margin | 9900 | €126,575 | €159,717 | +€33,142 | +26.2% |
| Operating profit (loss) | 9901 | €117,252 | €148,903 | +€31,651 | +27.0% |
| Financial income | 75/76B | €5,951 | €4,747 | -€1,204 | -20.2% |
| Recurring financial income | 75 | €5,951 | €4,747 | -€1,204 | -20.2% |
| Financial charges | 65/66B | €2,853 | €2,012 | -€841 | -29.5% |
| Recurring financial charges | 65 | €2,853 | €2,012 | -€841 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €120,350 | €151,638 | +€31,288 | +26.0% |
| Income taxes | 67/77 | €40,360 | €44,459 | +€4,099 | +10.2% |
| Profit (loss) for the period | 9904 | €79,990 | €107,179 | +€27,189 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €79,990 | €107,179 | +€27,189 | +34.0% |
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 7 October 2026 via checked.be.