SCARABE: 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.
SCARABE
Largest movements
- Stocks and contracts -€1.2m
down €1.2m (-25.5%), from €4.6m to €3.5m
- Receivables within one year +€506,005
up €506,005 (+558.8%), from €90,557 to €596,562
of which Other amounts receivable: +€506,005
- Current portion of long-term debt -€2.1m
down €2.1m (-98.4%), from €2.1m to €34,661
- Short-term financial debts +€1.8m
up €1.8m (+30691.8%), from €5,782 to €1.8m
- Debts after one year -€383,661
down €383,661 (-84.5%), from €454,154 to €70,493
of which Other amounts payable: -€349,000
- Financial charges -€59,248
down €59,248 (-40.4%), from €146,576 to €87,328
- Gross operating margin -€54,536
down €54,536 (-22.1%), from €247,168 to €192,632
- Staff costs -€7,370
down €7,370 (-61.0%), from €12,090 to €4,720
- Taxes -€6,334
down €6,334 (-67.1%), from €9,443 to €3,109
- Financial income +€6,025
up €6,025, from €0 to €6,025
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 | €5,349,825 | €4,639,861 | -€709,964 | -13.3% |
| Fixed assets | 21/28 | €601,193 | €567,578 | -€33,615 | -5.6% |
| Tangible fixed assets | 22/27 | €597,493 | €563,240 | -€34,252 | -5.7% |
| Land and buildings | 22 | €597,493 | €563,240 | -€34,252 | -5.7% |
| Financial fixed assets | 28 | €3,700 | €4,338 | +€638 | +17.2% |
| Current assets | 29/58 | €4,748,632 | €4,072,283 | -€676,350 | -14.2% |
| Stocks and contracts in progress | 3 | €4,647,252 | €3,460,989 | -€1.2m | -25.5% |
| Stocks | 30/36 | €4,647,252 | €3,460,989 | -€1.2m | -25.5% |
| Amounts receivable within one year | 40/41 | €90,557 | €596,562 | +€506,005 | +558.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €90,557 | €596,562 | +€506,005 | +558.8% |
| Cash at bank and in hand | 54/58 | €1,592 | €971 | -€621 | -39.0% |
| Deferred charges and accrued income | 490/1 | €9,232 | €13,761 | +€4,529 | +49.1% |
| Total equity and liabilities | 10/49 | €5,349,825 | €4,639,861 | -€709,964 | -13.3% |
| Equity | 10/15 | €2,729,497 | €2,735,254 | +€5,758 | +0.2% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €2,692,297 | €2,698,054 | +€5,758 | +0.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,692,297 | €2,698,054 | +€5,758 | +0.2% |
| Amounts payable | 17/49 | €2,620,328 | €1,904,607 | -€715,722 | -27.3% |
| Amounts payable after more than one year | 17 | €454,154 | €70,493 | -€383,661 | -84.5% |
| Financial debts | 170/4 | €105,154 | €70,493 | -€34,661 | -33.0% |
| Other amounts payable | 178/9 | €349,000 | €0 | -€349,000 | -100.0% |
| Amounts payable within one year | 42/48 | €2,166,174 | €1,834,114 | -€332,060 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €2,110,249 | €34,661 | -€2.1m | -98.4% |
| Financial debts | 43 | €5,782 | €1,780,374 | +€1.8m | +30691.8% |
| Credit institutions | 430/8 | €5,782 | €1,780,374 | +€1.8m | +30691.8% |
| Trade debts | 44 | €12,491 | €8,047 | -€4,444 | -35.6% |
| Suppliers | 440/4 | €12,491 | €8,047 | -€4,444 | -35.6% |
| Taxes, remuneration and social security | 45 | €2,608 | €7,900 | +€5,292 | +203.0% |
| Taxes | 450/3 | €1,150 | €3,109 | +€1,960 | +170.5% |
| Remuneration and social security | 454/9 | €1,458 | €4,791 | +€3,333 | +228.6% |
| Other amounts payable | 47/48 | €35,045 | €3,131 | -€31,914 | -91.1% |
| Non-recurring operating income | 76A | €237,448 | €39,470 | -€197,978 | -83.4% |
| Remuneration, social security and pensions | 62 | €12,090 | €4,720 | -€7,370 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,547 | €34,252 | -€2,295 | -6.3% |
| Other operating charges | 640/8 | €13,038 | €14,191 | +€1,153 | +8.8% |
| Non-recurring operating charges | 66A | - | €49,299 | +€49,299 | |
| Gross operating margin | 9900 | €247,168 | €192,632 | -€54,536 | -22.1% |
| Operating profit (loss) | 9901 | €185,493 | €90,170 | -€95,323 | -51.4% |
| Financial income | 75/76B | €0 | €6,025 | +€6,025 | |
| Recurring financial income | 75 | €0 | €6,025 | +€6,025 | |
| Financial charges | 65/66B | €146,576 | €87,328 | -€59,248 | -40.4% |
| Recurring financial charges | 65 | €146,576 | €87,328 | -€59,248 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €38,917 | €8,867 | -€30,050 | -77.2% |
| Income taxes | 67/77 | €9,443 | €3,109 | -€6,334 | -67.1% |
| Profit (loss) for the period | 9904 | €29,474 | €5,758 | -€23,716 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,474 | €5,758 | -€23,716 | -80.5% |
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 5 October 2026 via checked.be.