SCANDIA: 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.
What changed
SCANDIA
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€366,636
2024 · €35,331-€401,967
Equity
€2.4m
2024 · €881,888+€1.5m
Cash
€1.2m
2024 · €539,740+€645,034
Balance sheet total
€14.3m
2024 · €9.0m+€5.3m
Largest movements
Assets
- Receivables within one year +€2.8m
up €2.8m (+288%), from €970,345 to €3.8m
of which Trade receivables: +€1.6m
- Tangible fixed assets +€1.9m
up €1.9m (+277%), from €701,045 to €2.6m
of which Other tangible fixed assets: +€1.4m
- Cash +€645,034
up €645,034 (+120%), from €539,740 to €1.2m
mainly Contributions, distributions and other (+€1.8m) and Debts after one year (+€1.2m)
- Stocks and contracts -€169,110
down €169,110 (-2.5%), from €6.7m to €6.5m
Equity and liabilities
- Debts after one year +€1.2m
up €1.2m (+829%), from €148,436 to €1.4m
- Reserves +€1.1m
up €1.1m (+1,046%), from €104,200 to €1.2m
of which Distributable reserves: +€1.0m
- Trade debts +€970,066
up €970,066 (+14.8%), from €6.6m to €7.5m
- Short-term financial debts +€797,967
up €797,967 (+74.1%), from €1.1m to €1.9m
- Tax, wage and social debts +€447,641
up €447,641 (+390%), from €114,711 to €562,352
of which Remuneration and social security: +€394,679
Income statement
- Turnover +€26.5m
up €26.5m (+209%), from €12.7m to €39.3m
- Goods and materials +€24.2m
up €24.2m (+210%), from €11.5m to €35.7m
of which Purchases: +€20.0m
- Staff costs +€2.3m
up €2.3m (+354%), from €636,945 to €2.9m
- Other operating income +€1.9m
up €1.9m (+242%), from €781,855 to €2.7m
- Services and other goods +€1.7m
up €1.7m (+199%), from €868,950 to €2.6m
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.
Result 2024
€35,331
Turnover
+€26.5m
Other operating income
+€1.9m
Goods and materials
-€24.2m
Services and other goods
-€1.7m
Staff costs
-€2.3m
Depreciation
-€406,088
Write-downs
+€75,336
Provisions
-€17,500
Other operating charges
-€195,289
Financial income
+€55,960
Financial charges
-€175,778
Taxes
+€34,629
Result 2025
-€366,636
raises the resultlowers the result
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.
From operations
-€816,433
Investment
-€2.6m
Financing
+€4.0m
Cash 2024
€539,740
From operations (derived)
-€816,433
Net result for the year
-€366,636
Depreciation
+€564,893
Stocks and contracts
+€169,110
Receivables within one year
-€2.8m
Deferred charges and accrued income
-€58,087
Provisions
+€17,500
Trade debts
+€970,066
Tax, wage and social debts
+€447,641
Advances received
+€199,271
Accrued charges and deferred income
+€38,384
Investment (derived)
-€2.6m
Investment in fixed assets (net)
-€2.6m
Financing
+€4.0m
Debts after one year
+€1.2m
Current portion of long-term debt
+€154,749
Short-term financial debts
+€797,967
Contributions, distributions and other
+€1.8m
Cash 2025
€1.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,984,351 | €14,315,763 | +€5.3m | +59.3% |
| Fixed assets | 21/28 | €701,488 | €2,700,314 | +€2.0m | +285% |
| Intangible fixed assets | 21 | €123 | €25,470 | +€25,347 | +20,680% |
| Tangible fixed assets | 22/27 | €701,045 | €2,644,279 | +€1.9m | +277% |
| Land and buildings | 22 | €81,793 | €128,679 | +€46,886 | +57.3% |
| Plant, machinery and equipment | 23 | €92,139 | €155,873 | +€63,734 | +69.2% |
| Furniture and vehicles | 24 | €187,570 | €603,851 | +€416,281 | +222% |
| Other tangible fixed assets | 26 | €339,543 | €1,755,876 | +€1.4m | +417% |
| Financial fixed assets | 28 | €321 | €30,565 | +€30,244 | +9,424% |
| Companies linked by participating interests | 282/3 | - | €30,000 | +€30,000 | |
| Participating interests | 282 | - | €30,000 | +€30,000 | |
| Other financial fixed assets | 284/8 | €321 | €565 | +€244 | +76.0% |
| Amounts receivable and cash guarantees | 285/8 | €321 | €565 | +€244 | +76.0% |
| Current assets | 29/58 | €8,282,863 | €11,615,449 | +€3.3m | +40.2% |
| Stocks and contracts in progress | 3 | €6,694,786 | €6,525,676 | -€169,110 | -2.5% |
| Stocks | 30/36 | €6,694,786 | €6,525,676 | -€169,110 | -2.5% |
| Goods purchased for resale | 34 | €6,694,786 | €6,525,676 | -€169,110 | -2.5% |
| Amounts receivable within one year | 40/41 | €970,345 | €3,768,920 | +€2.8m | +288% |
| Trade receivables | 40 | €450,662 | €2,019,595 | +€1.6m | +348% |
| Other amounts receivable | 41 | €519,683 | €1,749,325 | +€1.2m | +237% |
| Cash at bank and in hand | 54/58 | €539,740 | €1,184,774 | +€645,034 | +120% |
| Deferred charges and accrued income | 490/1 | €77,992 | €136,079 | +€58,087 | +74.5% |
| Total equity and liabilities | 10/49 | €8,984,351 | €14,315,763 | +€5.3m | +59.3% |
| Equity | 10/15 | €881,888 | €2,357,347 | +€1.5m | +167% |
| Contributions | 10/11 | €200,000 | €274,367 | +€74,367 | +37.2% |
| Capital | 10 | €200,000 | €274,367 | +€74,367 | +37.2% |
| Issued capital | 100 | €200,000 | €274,367 | +€74,367 | +37.2% |
| Reserves | 13 | €104,200 | €1,193,783 | +€1.1m | +1,046% |
| Non-distributable reserves | 130/1 | €20,000 | €27,618 | +€7,618 | +38.1% |
| Legal reserve | 130 | €20,000 | €27,618 | +€7,618 | +38.1% |
| Tax-exempt reserves | 132 | €84,200 | €141,819 | +€57,619 | +68.4% |
| Distributable reserves | 133 | - | €1,024,345 | +€1.0m | |
| Profit (loss) carried forward | 14 | €574,546 | €887,151 | +€312,605 | +54.4% |
| Investment grants | 15 | €3,142 | €2,046 | -€1,096 | -34.9% |
| Provisions and deferred taxes | 16 | - | €17,500 | +€17,500 | |
| Provisions for liabilities and charges | 160/5 | - | €17,500 | +€17,500 | |
| Other liabilities and charges | 164/5 | - | €17,500 | +€17,500 | |
| Amounts payable | 17/49 | €8,102,463 | €11,940,916 | +€3.8m | +47.4% |
| Amounts payable after more than one year | 17 | €148,436 | €1,378,811 | +€1.2m | +829% |
| Financial debts | 170/4 | €148,436 | €1,378,811 | +€1.2m | +829% |
| Credit institutions | 173 | €148,436 | €1,378,811 | +€1.2m | +829% |
| Amounts payable within one year | 42/48 | €7,904,666 | €10,474,360 | +€2.6m | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €73,110 | €227,859 | +€154,749 | +212% |
| Financial debts | 43 | €1,077,033 | €1,875,000 | +€797,967 | +74.1% |
| Credit institutions | 430/8 | €1,077,033 | €1,875,000 | +€797,967 | +74.1% |
| Trade debts | 44 | €6,571,325 | €7,541,391 | +€970,066 | +14.8% |
| Suppliers | 440/4 | €6,571,325 | €7,541,391 | +€970,066 | +14.8% |
| Advances received on contracts in progress | 46 | €68,488 | €267,758 | +€199,271 | +291% |
| Taxes, remuneration and social security | 45 | €114,711 | €562,352 | +€447,641 | +390% |
| Taxes | 450/3 | €21,750 | €74,713 | +€52,963 | +244% |
| Remuneration and social security | 454/9 | €92,961 | €487,639 | +€394,679 | +425% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €49,361 | €87,745 | +€38,384 | +77.8% |
| Operating income | 70/76A | €13,512,681 | €41,950,123 | +€28.4m | +210% |
| Turnover | 70 | €12,730,827 | €39,275,111 | +€26.5m | +209% |
| Other operating income | 74 | €781,855 | €2,675,012 | +€1.9m | +242% |
| Operating charges | 60/66A | €13,284,370 | €42,038,588 | +€28.8m | +216% |
| Goods for resale, raw materials and consumables | 60 | €11,520,052 | €35,748,449 | +€24.2m | +210% |
| Purchases | 600/8 | €15,326,553 | €35,375,785 | +€20.0m | +131% |
| Change in stocks: decrease (increase) | 609 | -€3,806,500 | €372,663 | +€4.2m | |
| Services and other goods | 61 | €868,950 | €2,597,612 | +€1.7m | +199% |
| Remuneration, social security and pensions | 62 | €636,945 | €2,890,564 | +€2.3m | +354% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,804 | €564,893 | +€406,088 | +256% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,574 | -€3,763 | -€75,336 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €17,500 | +€17,500 | |
| Other operating charges | 640/8 | €28,044 | €223,333 | +€195,289 | +696% |
| Operating profit (loss) | 9901 | €228,312 | -€88,465 | -€316,777 | |
| Financial income | 75/76B | €3,073 | €59,033 | +€55,960 | +1,821% |
| Recurring financial income | 75 | €3,073 | €59,033 | +€55,960 | +1,821% |
| Income from financial fixed assets | 750 | - | €2,629 | +€2,629 | |
| Income from current assets | 751 | - | €9,027 | +€9,027 | |
| Other financial income | 752/9 | €3,073 | €47,376 | +€44,303 | +1,442% |
| Financial charges | 65/66B | €158,635 | €334,413 | +€175,778 | +111% |
| Recurring financial charges | 65 | €158,635 | €334,413 | +€175,778 | +111% |
| Debt charges | 650 | €146,239 | €309,357 | +€163,119 | +112% |
| Other financial charges | 652/9 | €12,396 | €25,056 | +€12,660 | +102% |
| Profit (loss) for the period before taxes | 9903 | €72,750 | -€363,846 | -€436,596 | |
| Income taxes | 67/77 | €37,418 | €2,790 | -€34,629 | -92.5% |
| Taxes | 670/3 | €37,418 | €2,790 | -€34,629 | -92.5% |
| Profit (loss) for the period | 9904 | €35,331 | -€366,636 | -€401,967 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €0 | -€84,200 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,869 | -€366,636 | -€317,767 | -650% |
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 22 October 2026 via checked.be.