SCARCO: 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.
SCARCO
Largest movements
- Receivables within one year +€365,993
up €365,993 (+265%), from €138,067 to €504,060
of which Trade receivables: +€397,993
- Tangible fixed assets -€17,880
down €17,880 (-31.4%), from €56,924 to €39,044
of which Furniture and vehicles: -€11,415
- Stocks and contracts -€13,974
down €13,974 (-27.8%), from €50,357 to €36,383
of which Stocks: -€15,069
- Accrued charges and deferred income +€317,736
new in 2025: €317,736
- Short-term financial debts -€26,065
down €26,065 (-61.0%), from €42,727 to €16,661
- Profit (loss) carried forward +€25,514
no longer reported in 2025 (was -€25,514)
- Trade debts +€20,530
up €20,530 (+34.2%), from €59,980 to €80,511
- Reserves +€17,597
up €17,597 (+19.1%), from €91,956 to €109,553
- Gross operating margin +€73,228
up €73,228 (+97.0%), from €75,483 to €148,711
- Staff costs -€13,910
down €13,910 (-16.0%), from €87,064 to €73,154
- Depreciation -€4,309
down €4,309 (-19.4%), from €22,189 to €17,880
- Taxes +€2,535
up €2,535 (+825%), from €307 to €2,842
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,486 | €592,691 | +€335,205 | +130% |
| Fixed assets | 21/28 | €60,274 | €42,394 | -€17,880 | -29.7% |
| Tangible fixed assets | 22/27 | €56,924 | €39,044 | -€17,880 | -31.4% |
| Plant, machinery and equipment | 23 | €2,630 | €1,604 | -€1,025 | -39.0% |
| Furniture and vehicles | 24 | €28,833 | €17,419 | -€11,415 | -39.6% |
| Leasing and similar rights | 25 | €25,461 | €20,021 | -€5,440 | -21.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,350 | €3,350 | = | 0.0% |
| Current assets | 29/58 | €197,212 | €550,297 | +€353,086 | +179% |
| Stocks and contracts in progress | 3 | €50,357 | €36,383 | -€13,974 | -27.8% |
| Stocks | 30/36 | €27,357 | €12,287 | -€15,069 | -55.1% |
| Contracts in progress | 37 | €23,000 | €24,095 | +€1,095 | +4.8% |
| Amounts receivable within one year | 40/41 | €138,067 | €504,060 | +€365,993 | +265% |
| Trade receivables | 40 | €76,267 | €474,260 | +€397,993 | +522% |
| Other amounts receivable | 41 | €61,800 | €29,800 | -€32,000 | -51.8% |
| Deferred charges and accrued income | 490/1 | €8,788 | €9,854 | +€1,067 | +12.1% |
| Total equity and liabilities | 10/49 | €257,486 | €592,691 | +€335,205 | +130% |
| Equity | 10/15 | €78,842 | €121,953 | +€43,111 | +54.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €91,956 | €109,553 | +€17,597 | +19.1% |
| Distributable reserves | 133 | €91,956 | €109,553 | +€17,597 | +19.1% |
| Profit (loss) carried forward | 14 | -€25,514 | - | +€25,514 | |
| Amounts payable | 17/49 | €178,644 | €470,738 | +€292,094 | +164% |
| Amounts payable after more than one year | 17 | €25,703 | €15,231 | -€10,471 | -40.7% |
| Financial debts | 170/4 | €25,703 | €15,231 | -€10,471 | -40.7% |
| Amounts payable within one year | 42/48 | €152,941 | €137,771 | -€15,170 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €9,894 | €10,471 | +€577 | +5.8% |
| Financial debts | 43 | €42,727 | €16,661 | -€26,065 | -61.0% |
| Credit institutions | 430/8 | €42,727 | €16,661 | -€26,065 | -61.0% |
| Trade debts | 44 | €59,980 | €80,511 | +€20,530 | +34.2% |
| Suppliers | 440/4 | €59,980 | €80,511 | +€20,530 | +34.2% |
| Taxes, remuneration and social security | 45 | €27,689 | €20,390 | -€7,299 | -26.4% |
| Taxes | 450/3 | €17,385 | €13,621 | -€3,764 | -21.7% |
| Remuneration and social security | 454/9 | €10,304 | €6,769 | -€3,535 | -34.3% |
| Other amounts payable | 47/48 | €12,650 | €9,738 | -€2,913 | -23.0% |
| Accrued charges and deferred income | 492/3 | - | €317,736 | +€317,736 | |
| Non-recurring operating income | 76A | €6,422 | - | -€6,422 | |
| Remuneration, social security and pensions | 62 | €87,064 | €73,154 | -€13,910 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,189 | €17,880 | -€4,309 | -19.4% |
| Other operating charges | 640/8 | €2,893 | €3,679 | +€786 | +27.2% |
| Gross operating margin | 9900 | €75,483 | €148,711 | +€73,228 | +97.0% |
| Operating profit (loss) | 9901 | -€36,663 | €53,998 | +€90,661 | |
| Financial income | 75/76B | €371 | - | -€371 | |
| Recurring financial income | 75 | €371 | - | -€371 | |
| Financial charges | 65/66B | €9,225 | €8,045 | -€1,181 | -12.8% |
| Recurring financial charges | 65 | €9,225 | €8,045 | -€1,181 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,518 | €45,953 | +€91,471 | |
| Income taxes | 67/77 | €307 | €2,842 | +€2,535 | +825% |
| Profit (loss) for the period | 9904 | -€45,825 | €43,111 | +€88,936 | |
| Profit (loss) for the period to be appropriated | 9905 | -€45,825 | €43,111 | +€88,936 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.