SCARMUSE: 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.
SCARMUSE
Largest movements
- Cash +€24,199
up €24,199 (+87.4%), from €27,675 to €51,874
mainly Depreciation (+€37,496) and Other debts (+€28,304)
- Receivables within one year -€11,501
down €11,501 (-67.8%), from €16,962 to €5,461
of which Trade receivables: -€10,459
- Tangible fixed assets -€10,221
down €10,221 (-2.0%), from €506,079 to €495,858
of which Land and buildings: -€8,369
- Debts after one year -€28,422
down €28,422 (-12.5%), from €227,175 to €198,753
- Other debts +€28,304
up €28,304 (+110.0%), from €25,720 to €54,023
- Gross operating margin +€5,746
up €5,746 (+13.5%), from €42,518 to €48,264
- Taxes +€2,568
up €2,568 (+148.5%), from €1,729 to €4,298
- Financial charges -€2,371
down €2,371 (-51.7%), from €4,586 to €2,215
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 | €559,064 | €561,682 | +€2,618 | +0.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €506,079 | €495,858 | -€10,221 | -2.0% |
| Tangible fixed assets | 22/27 | €506,079 | €495,858 | -€10,221 | -2.0% |
| Land and buildings | 22 | €500,827 | €492,458 | -€8,369 | -1.7% |
| Plant, machinery and equipment | 23 | €3,356 | €1,715 | -€1,640 | -48.9% |
| Furniture and vehicles | 24 | €1,896 | €1,684 | -€212 | -11.2% |
| Current assets | 29/58 | €52,985 | €65,824 | +€12,839 | +24.2% |
| Stocks and contracts in progress | 3 | €7,082 | €7,082 | = | 0.0% |
| Stocks | 30/36 | €7,082 | €7,082 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,962 | €5,461 | -€11,501 | -67.8% |
| Trade receivables | 40 | €12,404 | €1,945 | -€10,459 | -84.3% |
| Other amounts receivable | 41 | €4,558 | €3,516 | -€1,042 | -22.9% |
| Cash at bank and in hand | 54/58 | €27,675 | €51,874 | +€24,199 | +87.4% |
| Deferred charges and accrued income | 490/1 | €1,266 | €1,407 | +€141 | +11.2% |
| Total equity and liabilities | 10/49 | €559,064 | €561,682 | +€2,618 | +0.5% |
| Equity | 10/15 | €226,395 | €228,799 | +€2,404 | +1.1% |
| Contributions | 10/11 | €87,232 | €87,232 | = | 0.0% |
| Reserves | 13 | €114,705 | €118,679 | +€3,974 | +3.5% |
| Tax-exempt reserves | 132 | €88,105 | €81,579 | -€6,526 | -7.4% |
| Distributable reserves | 133 | €26,600 | €37,100 | +€10,500 | +39.5% |
| Profit (loss) carried forward | 14 | €24,458 | €22,888 | -€1,570 | -6.4% |
| Provisions and deferred taxes | 16 | €45,403 | €42,042 | -€3,361 | -7.4% |
| Deferred taxes | 168 | €45,403 | €42,042 | -€3,361 | -7.4% |
| Amounts payable | 17/49 | €287,267 | €290,841 | +€3,575 | +1.2% |
| Amounts payable after more than one year | 17 | €227,175 | €198,753 | -€28,422 | -12.5% |
| Financial debts | 170/4 | €227,175 | €198,753 | -€28,422 | -12.5% |
| Amounts payable within one year | 42/48 | €60,092 | €92,088 | +€31,996 | +53.2% |
| Current portion of amounts payable after more than one year | 42 | €28,018 | €28,422 | +€403 | +1.4% |
| Trade debts | 44 | €1,327 | €1,055 | -€273 | -20.5% |
| Suppliers | 440/4 | €1,327 | €1,055 | -€273 | -20.5% |
| Taxes, remuneration and social security | 45 | €5,027 | €8,588 | +€3,562 | +70.9% |
| Taxes | 450/3 | €5,027 | €8,588 | +€3,562 | +70.9% |
| Other amounts payable | 47/48 | €25,720 | €54,023 | +€28,304 | +110.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,977 | €37,496 | -€481 | -1.3% |
| Other operating charges | 640/8 | €3,477 | €3,546 | +€69 | +2.0% |
| Gross operating margin | 9900 | €42,518 | €48,264 | +€5,746 | +13.5% |
| Operating profit (loss) | 9901 | €1,064 | €7,222 | +€6,158 | +579.0% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €4,586 | €2,215 | -€2,371 | -51.7% |
| Recurring financial charges | 65 | €4,586 | €2,215 | -€2,371 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,520 | €5,007 | +€8,527 | |
| Transfer from deferred taxes | 780 | €3,361 | €3,361 | = | 0.0% |
| Income taxes | 67/77 | €1,729 | €4,298 | +€2,568 | +148.5% |
| Profit (loss) for the period | 9904 | -€1,889 | €4,070 | +€5,959 | |
| Transfer from tax-exempt reserves | 789 | €6,526 | €6,526 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,638 | €10,596 | +€5,959 | +128.5% |
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.