SCARAB Properties: 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.
SCARAB Properties
Largest movements
- Tangible fixed assets -€931,175
down €931,175 (-80.2%), from €1.2m to €229,261
of which Land and buildings: -€931,920
- Stocks and contracts -€227,345
down €227,345 (-9.1%), from €2.5m to €2.3m
- Receivables within one year +€214,207
up €214,207 (+126%), from €169,799 to €384,007
- Cash +€203,246
up €203,246 (+62.5%), from €325,308 to €528,554
mainly Investment in fixed assets (net) (+€921,524) and Net result for the year (+€356,921)
- Short-term financial debts -€1.1m
down €1.1m (-39.2%), from €2.9m to €1.7m
- Profit (loss) carried forward +€356,921
up €356,921 (+40.6%), from €879,506 to €1.2m
- Reserves -€95,610
down €95,610 (-98.1%), from €97,470 to €1,860
of which Distributable reserves: -€93,750
- Other debts +€95,610
up €95,610 (+1,206%), from €7,925 to €103,535
- Tax, wage and social debts +€83,343
up €83,343 (+2,222%), from €3,750 to €87,093
- Gross operating margin +€502,642
up €502,642 (+881%), from €57,065 to €559,707
- Taxes +€83,524
up €83,524, from €0 to €83,524
- Depreciation -€39,942
down €39,942 (-80.5%), from €49,594 to €9,651
- Financial charges -€21,273
down €21,273 (-16.8%), from €126,412 to €105,139
- Financial income -€15,165
down €15,165 (-80.3%), from €18,879 to €3,715
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 | €4,163,546 | €3,421,724 | -€741,822 | -17.8% |
| Fixed assets | 21/28 | €1,163,437 | €232,261 | -€931,175 | -80.0% |
| Tangible fixed assets | 22/27 | €1,160,437 | €229,261 | -€931,175 | -80.2% |
| Land and buildings | 22 | €1,160,021 | €228,101 | -€931,920 | -80.3% |
| Furniture and vehicles | 24 | €415 | €1,161 | +€745 | +179% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €3,000,109 | €3,189,463 | +€189,354 | +6.3% |
| Stocks and contracts in progress | 3 | €2,504,247 | €2,276,902 | -€227,345 | -9.1% |
| Stocks | 30/36 | €2,504,247 | €2,276,902 | -€227,345 | -9.1% |
| Amounts receivable within one year | 40/41 | €169,799 | €384,007 | +€214,207 | +126% |
| Other amounts receivable | 41 | €169,799 | €384,007 | +€214,207 | +126% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €325,308 | €528,554 | +€203,246 | +62.5% |
| Deferred charges and accrued income | 490/1 | €755 | €0 | -€755 | -100% |
| Total equity and liabilities | 10/49 | €4,163,546 | €3,421,724 | -€741,822 | -17.8% |
| Equity | 10/15 | €995,577 | €1,256,887 | +€261,311 | +26.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,470 | €1,860 | -€95,610 | -98.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €95,610 | €1,860 | -€93,750 | -98.1% |
| Profit (loss) carried forward | 14 | €879,506 | €1,236,427 | +€356,921 | +40.6% |
| Amounts payable | 17/49 | €3,167,969 | €2,164,837 | -€1.0m | -31.7% |
| Amounts payable after more than one year | 17 | €200,173 | €180,256 | -€19,917 | -9.9% |
| Financial debts | 170/4 | €186,173 | €166,256 | -€19,917 | -10.7% |
| Other amounts payable | 178/9 | €14,000 | €14,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,937,764 | €1,981,785 | -€955,980 | -32.5% |
| Current portion of amounts payable after more than one year | 42 | €19,618 | €19,917 | +€298 | +1.5% |
| Financial debts | 43 | €2,862,000 | €1,739,000 | -€1.1m | -39.2% |
| Credit institutions | 430/8 | €2,862,000 | €1,739,000 | -€1.1m | -39.2% |
| Trade debts | 44 | €44,471 | €32,240 | -€12,231 | -27.5% |
| Suppliers | 440/4 | €44,471 | €32,240 | -€12,231 | -27.5% |
| Taxes, remuneration and social security | 45 | €3,750 | €87,093 | +€83,343 | +2,222% |
| Taxes | 450/3 | €3,750 | €87,093 | +€83,343 | +2,222% |
| Other amounts payable | 47/48 | €7,925 | €103,535 | +€95,610 | +1,206% |
| Accrued charges and deferred income | 492/3 | €30,031 | €2,796 | -€27,236 | -90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,594 | €9,651 | -€39,942 | -80.5% |
| Other operating charges | 640/8 | €16,347 | €8,186 | -€8,161 | -49.9% |
| Gross operating margin | 9900 | €57,065 | €559,707 | +€502,642 | +881% |
| Operating profit (loss) | 9901 | -€8,876 | €541,870 | +€550,746 | |
| Financial income | 75/76B | €18,879 | €3,715 | -€15,165 | -80.3% |
| Recurring financial income | 75 | €18,879 | €3,715 | -€15,165 | -80.3% |
| Financial charges | 65/66B | €126,412 | €105,139 | -€21,273 | -16.8% |
| Recurring financial charges | 65 | €126,412 | €105,139 | -€21,273 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€116,409 | €440,445 | +€556,854 | |
| Income taxes | 67/77 | €0 | €83,524 | +€83,524 | |
| Profit (loss) for the period | 9904 | -€116,409 | €356,921 | +€473,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€116,409 | €356,921 | +€473,330 |
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 14 October 2026 via checked.be.