SCAR: 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.
SCAR
Largest movements
- Deferred charges and accrued income -€395,925
down €395,925 (-82.4%), from €480,286 to €84,362
- Cash -€196,213
down €196,213 (-21.3%), from €922,688 to €726,476
mainly Trade debts (-€1.7m) and Accrued charges and deferred income (-€229,476)
- Tangible fixed assets -€183,673
down €183,673 (-7.2%), from €2.6m to €2.4m
of which Other tangible fixed assets: -€100,840
- Receivables within one year -€67,719
down €67,719 (-48.6%), from €139,389 to €71,671
of which Other amounts receivable: -€42,036
- Trade debts -€1.7m
down €1.7m (-65.0%), from €2.7m to €932,519
- Debts after one year +€706,536
up €706,536 (+47.8%), from €1.5m to €2.2m
- Accrued charges and deferred income -€229,476
down €229,476 (-69.8%), from €328,793 to €99,317
- Current portion of long-term debt +€208,296
up €208,296 (+132.9%), from €156,777 to €365,072
- Profit (loss) carried forward +€104,236
up €104,236, from -€22,686 to €81,551
- Gross operating margin +€591,741
up €591,741 (+49.2%), from €1.2m to €1.8m
- Depreciation +€309,050
up €309,050 (+479.3%), from €64,485 to €373,535
- Financial charges +€176,745
up €176,745 (+418.9%), from €42,194 to €218,939
- Staff costs -€143,365
down €143,365 (-12.8%), from €1.1m to €979,663
- Other operating charges +€121,588
up €121,588 (+1817.1%), from €6,691 to €128,279
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 | €4,872,065 | €3,955,006 | -€917,060 | -18.8% |
| Fixed assets | 21/28 | €2,658,206 | €2,437,894 | -€220,313 | -8.3% |
| Intangible fixed assets | 21 | €100,891 | €64,251 | -€36,640 | -36.3% |
| Tangible fixed assets | 22/27 | €2,555,816 | €2,372,142 | -€183,673 | -7.2% |
| Land and buildings | 22 | €1,421 | €1,276 | -€145 | -10.2% |
| Plant, machinery and equipment | 23 | €1,041,684 | €944,293 | -€97,391 | -9.3% |
| Furniture and vehicles | 24 | €283,899 | €298,602 | +€14,703 | +5.2% |
| Other tangible fixed assets | 26 | €1,228,812 | €1,127,971 | -€100,840 | -8.2% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €2,213,859 | €1,517,112 | -€696,747 | -31.5% |
| Stocks and contracts in progress | 3 | €671,495 | €634,604 | -€36,891 | -5.5% |
| Stocks | 30/36 | €671,495 | €634,604 | -€36,891 | -5.5% |
| Amounts receivable within one year | 40/41 | €139,389 | €71,671 | -€67,719 | -48.6% |
| Trade receivables | 40 | €37,863 | €12,181 | -€25,683 | -67.8% |
| Other amounts receivable | 41 | €101,526 | €59,490 | -€42,036 | -41.4% |
| Cash at bank and in hand | 54/58 | €922,688 | €726,476 | -€196,213 | -21.3% |
| Deferred charges and accrued income | 490/1 | €480,286 | €84,362 | -€395,925 | -82.4% |
| Total equity and liabilities | 10/49 | €4,872,065 | €3,955,006 | -€917,060 | -18.8% |
| Equity | 10/15 | €77,314 | €187,037 | +€109,722 | +141.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €5,486 | +€5,486 | |
| Non-distributable reserves | 130/1 | - | €5,486 | +€5,486 | |
| Legal reserve | 130 | - | €5,486 | +€5,486 | |
| Profit (loss) carried forward | 14 | -€22,686 | €81,551 | +€104,236 | |
| Amounts payable | 17/49 | €4,794,751 | €3,767,969 | -€1.0m | -21.4% |
| Amounts payable after more than one year | 17 | €1,477,915 | €2,184,451 | +€706,536 | +47.8% |
| Financial debts | 170/4 | €1,477,915 | €2,184,451 | +€706,536 | +47.8% |
| Amounts payable within one year | 42/48 | €2,988,043 | €1,484,201 | -€1.5m | -50.3% |
| Current portion of amounts payable after more than one year | 42 | €156,777 | €365,072 | +€208,296 | +132.9% |
| Trade debts | 44 | €2,666,175 | €932,519 | -€1.7m | -65.0% |
| Suppliers | 440/4 | €2,666,175 | €932,519 | -€1.7m | -65.0% |
| Taxes, remuneration and social security | 45 | €165,091 | €186,609 | +€21,519 | +13.0% |
| Taxes | 450/3 | €198 | €5,322 | +€5,124 | +2591.3% |
| Remuneration and social security | 454/9 | €164,893 | €181,288 | +€16,394 | +9.9% |
| Accrued charges and deferred income | 492/3 | €328,793 | €99,317 | -€229,476 | -69.8% |
| Non-recurring operating income | 76A | €99,999 | €206,970 | +€106,971 | +107.0% |
| Remuneration, social security and pensions | 62 | €1,123,028 | €979,663 | -€143,365 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,485 | €373,535 | +€309,050 | +479.3% |
| Other operating charges | 640/8 | €6,691 | €128,279 | +€121,588 | +1817.1% |
| Non-recurring operating charges | 66A | €65 | - | -€65 | |
| Gross operating margin | 9900 | €1,203,278 | €1,795,019 | +€591,741 | +49.2% |
| Operating profit (loss) | 9901 | €9,009 | €313,542 | +€304,533 | +3380.2% |
| Financial income | 75/76B | €10,697 | €15,312 | +€4,615 | +43.1% |
| Recurring financial income | 75 | €10,697 | €15,312 | +€4,615 | +43.1% |
| Financial charges | 65/66B | €42,194 | €218,939 | +€176,745 | +418.9% |
| Recurring financial charges | 65 | €42,194 | €218,939 | +€176,745 | +418.9% |
| Profit (loss) for the period before taxes | 9903 | -€22,488 | €109,915 | +€132,403 | |
| Income taxes | 67/77 | €198 | €192 | -€5 | -2.7% |
| Profit (loss) for the period | 9904 | -€22,686 | €109,722 | +€132,408 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,686 | €109,722 | +€132,408 |
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 12 October 2026 via checked.be.