SCARLET CONSULT: 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.
SCARLET CONSULT
Largest movements
- Current investments -€78,443
down €78,443 (-61.1%), from €128,457 to €50,014
- Cash -€26,595
down €26,595 (-67.5%), from €39,374 to €12,778
mainly Contributions, distributions and other (-€173,876) and Deferred charges and accrued income (-€1,815)
- Reserves -€104,800
down €104,800 (-59.7%), from €175,622 to €70,822
- Trade debts +€1,991
up €1,991 (+206%), from €968 to €2,959
- Gross operating margin +€10,953
up €10,953 (+14.0%), from €77,980 to €88,933
- Financial charges +€3,798
up €3,798 (+233%), from €1,632 to €5,430
- Taxes +€2,693
up €2,693 (+16.6%), from €16,236 to €18,928
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 | €182,484 | €79,572 | -€102,913 | -56.4% |
| Current assets | 29/58 | €182,484 | €79,572 | -€102,913 | -56.4% |
| Amounts receivable within one year | 40/41 | €14,653 | €14,964 | +€311 | +2.1% |
| Trade receivables | 40 | €14,620 | €14,854 | +€234 | +1.6% |
| Other amounts receivable | 41 | €33 | €111 | +€77 | +232% |
| Current investments | 50/53 | €128,457 | €50,014 | -€78,443 | -61.1% |
| Cash at bank and in hand | 54/58 | €39,374 | €12,778 | -€26,595 | -67.5% |
| Deferred charges and accrued income | 490/1 | - | €1,815 | +€1,815 | |
| Total equity and liabilities | 10/49 | €182,484 | €79,572 | -€102,913 | -56.4% |
| Equity | 10/15 | €178,622 | €73,822 | -€104,800 | -58.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €175,622 | €70,822 | -€104,800 | -59.7% |
| Distributable reserves | 133 | €175,622 | €70,822 | -€104,800 | -59.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,863 | €5,750 | +€1,887 | +48.8% |
| Amounts payable within one year | 42/48 | €3,863 | €5,750 | +€1,887 | +48.8% |
| Trade debts | 44 | €968 | €2,959 | +€1,991 | +206% |
| Suppliers | 440/4 | €968 | €2,959 | +€1,991 | +206% |
| Taxes, remuneration and social security | 45 | €2,695 | €2,207 | -€487 | -18.1% |
| Taxes | 450/3 | €2,695 | €2,207 | -€487 | -18.1% |
| Other amounts payable | 47/48 | €200 | €584 | +€384 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €77,980 | €88,933 | +€10,953 | +14.0% |
| Operating profit (loss) | 9901 | €77,475 | €88,413 | +€10,938 | +14.1% |
| Financial income | 75/76B | €4,230 | €5,021 | +€792 | +18.7% |
| Recurring financial income | 75 | €4,230 | €5,021 | +€792 | +18.7% |
| Financial charges | 65/66B | €1,632 | €5,430 | +€3,798 | +233% |
| Recurring financial charges | 65 | €1,632 | €5,430 | +€3,798 | +233% |
| Profit (loss) for the period before taxes | 9903 | €80,073 | €88,004 | +€7,932 | +9.9% |
| Income taxes | 67/77 | €16,236 | €18,928 | +€2,693 | +16.6% |
| Profit (loss) for the period | 9904 | €63,837 | €69,076 | +€5,239 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €63,837 | €69,076 | +€5,239 | +8.2% |
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 19 October 2026 via checked.be.