SCARCEZ: 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.
SCARCEZ
Largest movements
- Current investments +€301,165
new in 2024: €301,165
- Cash -€157,172
down €157,172 (-49.8%), from €315,617 to €158,445
mainly Current investments (-€301,165) and Contributions, distributions and other (-€84,374)
- Financial fixed assets -€123,700
down €123,700 (-22.9%), from €540,725 to €417,025
- Deferred charges and accrued income -€35,300
down €35,300 (-81.9%), from €43,114 to €7,814
- Tangible fixed assets +€22,608
up €22,608 (+131.1%), from €17,241 to €39,849
of which Other tangible fixed assets: +€28,661
- Reserves +€70,823
up €70,823 (+13.4%), from €529,208 to €600,030
of which Tax-exempt reserves: +€570,000
- Trade debts -€56,745
down €56,745 (-25.0%), from €227,260 to €170,515
- Other debts +€17,348
up €17,348 (+1468.2%), from €1,182 to €18,529
- Staff costs +€17,733
up €17,733 (+10.2%), from €174,428 to €192,162
- Gross operating margin -€12,556
down €12,556 (-2.7%), from €471,274 to €458,718
- Financial income +€11,956
up €11,956 (+157.9%), from €7,571 to €19,527
- Financial charges +€5,699
up €5,699 (+27.0%), from €21,079 to €26,779
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,870 | €1,327,162 | +€35,291 | +2.7% |
| Fixed assets | 21/28 | €557,966 | €456,874 | -€101,092 | -18.1% |
| Tangible fixed assets | 22/27 | €17,241 | €39,849 | +€22,608 | +131.1% |
| Furniture and vehicles | 24 | €10,098 | €4,045 | -€6,053 | -59.9% |
| Other tangible fixed assets | 26 | €7,143 | €35,803 | +€28,661 | +401.3% |
| Financial fixed assets | 28 | €540,725 | €417,025 | -€123,700 | -22.9% |
| Current assets | 29/58 | €733,904 | €870,288 | +€136,383 | +18.6% |
| Stocks and contracts in progress | 3 | €223,794 | €237,009 | +€13,215 | +5.9% |
| Stocks | 30/36 | €223,794 | €237,009 | +€13,215 | +5.9% |
| Amounts receivable within one year | 40/41 | €151,380 | €165,855 | +€14,476 | +9.6% |
| Trade receivables | 40 | €151,312 | €41,524 | -€109,788 | -72.6% |
| Other amounts receivable | 41 | €68 | €124,331 | +€124,263 | +183740.0% |
| Current investments | 50/53 | - | €301,165 | +€301,165 | |
| Cash at bank and in hand | 54/58 | €315,617 | €158,445 | -€157,172 | -49.8% |
| Deferred charges and accrued income | 490/1 | €43,114 | €7,814 | -€35,300 | -81.9% |
| Total equity and liabilities | 10/49 | €1,291,870 | €1,327,162 | +€35,291 | +2.7% |
| Equity | 10/15 | €603,608 | €674,430 | +€70,823 | +11.7% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €529,208 | €600,030 | +€70,823 | +13.4% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €570,000 | +€570,000 | |
| Distributable reserves | 133 | €521,771 | €22,594 | -€499,177 | -95.7% |
| Amounts payable | 17/49 | €688,263 | €652,731 | -€35,531 | -5.2% |
| Amounts payable after more than one year | 17 | €379,518 | €392,718 | +€13,200 | +3.5% |
| Other amounts payable | 178/9 | €379,518 | €392,718 | +€13,200 | +3.5% |
| Amounts payable within one year | 42/48 | €308,745 | €260,013 | -€48,731 | -15.8% |
| Trade debts | 44 | €227,260 | €170,515 | -€56,745 | -25.0% |
| Suppliers | 440/4 | €227,260 | €170,515 | -€56,745 | -25.0% |
| Taxes, remuneration and social security | 45 | €80,303 | €70,969 | -€9,334 | -11.6% |
| Taxes | 450/3 | €54,266 | €4,977 | -€49,289 | -90.8% |
| Remuneration and social security | 454/9 | €26,037 | €65,992 | +€39,954 | +153.5% |
| Other amounts payable | 47/48 | €1,182 | €18,529 | +€17,348 | +1468.2% |
| Non-recurring operating income | 76A | €49 | - | -€49 | |
| Remuneration, social security and pensions | 62 | €174,428 | €192,162 | +€17,733 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,902 | €11,070 | +€3,168 | +40.1% |
| Other operating charges | 640/8 | €13,558 | €12,232 | -€1,326 | -9.8% |
| Non-recurring operating charges | 66A | €8,127 | €408 | -€7,719 | -95.0% |
| Gross operating margin | 9900 | €471,274 | €458,718 | -€12,556 | -2.7% |
| Operating profit (loss) | 9901 | €267,258 | €242,847 | -€24,412 | -9.1% |
| Financial income | 75/76B | €7,571 | €19,527 | +€11,956 | +157.9% |
| Recurring financial income | 75 | €7,571 | €19,527 | +€11,956 | +157.9% |
| Financial charges | 65/66B | €21,079 | €26,779 | +€5,699 | +27.0% |
| Recurring financial charges | 65 | €21,079 | €26,779 | +€5,699 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €253,750 | €235,595 | -€18,155 | -7.2% |
| Income taxes | 67/77 | €76,816 | €80,398 | +€3,582 | +4.7% |
| Profit (loss) for the period | 9904 | €176,934 | €155,197 | -€21,737 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €176,934 | €155,197 | -€21,737 | -12.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.