SCARPINI: 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.
SCARPINI
Largest movements
- Stocks and contracts -€51,639
down €51,639 (-31.9%), from €161,645 to €110,006
- Tangible fixed assets -€19,737
down €19,737 (-60.5%), from €32,647 to €12,910
of which Other tangible fixed assets: -€16,084
- Cash -€14,623
down €14,623 (-87.0%), from €16,809 to €2,186
mainly Net result for the year (-€63,791) and Tax, wage and social debts (-€23,933)
- Profit (loss) carried forward -€63,791
down €63,791 (-68.7%), from €92,863 to €29,072
- Tax, wage and social debts -€23,933
down €23,933 (-72.3%), from €33,093 to €9,160
of which Taxes: -€15,612
- Short-term financial debts +€6,000
new in 2025: €6,000
- Other debts -€5,020
down €5,020 (-7.7%), from €65,351 to €60,331
- Gross operating margin -€51,669
down €51,669 (-1588.1%), from -€3,253 to -€54,922
- Write-downs -€28,193
down €28,193 (-3216.7%), from -€876 to -€29,070
- Staff costs -€17,997
down €17,997 (-53.2%), from €33,835 to €15,839
- Financial charges -€3,756
down €3,756 (-73.5%), from €5,107 to €1,351
- Depreciation -€2,958
down €2,958 (-35.9%), from €8,251 to €5,293
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 | €211,759 | €125,103 | -€86,656 | -40.9% |
| Fixed assets | 21/28 | €32,647 | €12,910 | -€19,737 | -60.5% |
| Tangible fixed assets | 22/27 | €32,647 | €12,910 | -€19,737 | -60.5% |
| Furniture and vehicles | 24 | €11,699 | €8,046 | -€3,653 | -31.2% |
| Other tangible fixed assets | 26 | €20,948 | €4,864 | -€16,084 | -76.8% |
| Current assets | 29/58 | €179,111 | €112,193 | -€66,919 | -37.4% |
| Stocks and contracts in progress | 3 | €161,645 | €110,006 | -€51,639 | -31.9% |
| Stocks | 30/36 | €161,645 | €110,006 | -€51,639 | -31.9% |
| Amounts receivable within one year | 40/41 | €420 | - | -€420 | |
| Trade receivables | 40 | €420 | - | -€420 | |
| Cash at bank and in hand | 54/58 | €16,809 | €2,186 | -€14,623 | -87.0% |
| Deferred charges and accrued income | 490/1 | €237 | - | -€237 | |
| Total equity and liabilities | 10/49 | €211,759 | €125,103 | -€86,656 | -40.9% |
| Equity | 10/15 | €113,315 | €49,524 | -€63,791 | -56.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,863 | €29,072 | -€63,791 | -68.7% |
| Amounts payable | 17/49 | €98,444 | €75,579 | -€22,865 | -23.2% |
| Amounts payable within one year | 42/48 | €98,444 | €75,579 | -€22,865 | -23.2% |
| Financial debts | 43 | - | €6,000 | +€6,000 | |
| Credit institutions | 430/8 | - | €6,000 | +€6,000 | |
| Trade debts | 44 | - | €89 | +€89 | |
| Suppliers | 440/4 | - | €89 | +€89 | |
| Taxes, remuneration and social security | 45 | €33,093 | €9,160 | -€23,933 | -72.3% |
| Taxes | 450/3 | €23,203 | €7,591 | -€15,612 | -67.3% |
| Remuneration and social security | 454/9 | €9,890 | €1,569 | -€8,322 | -84.1% |
| Other amounts payable | 47/48 | €65,351 | €60,331 | -€5,020 | -7.7% |
| Remuneration, social security and pensions | 62 | €33,835 | €15,839 | -€17,997 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,251 | €5,293 | -€2,958 | -35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€876 | -€29,070 | -€28,193 | -3216.7% |
| Other operating charges | 640/8 | €952 | €795 | -€157 | -16.5% |
| Non-recurring operating charges | 66A | €2,533 | €14,571 | +€12,037 | +475.2% |
| Gross operating margin | 9900 | -€3,253 | -€54,922 | -€51,669 | -1588.1% |
| Operating profit (loss) | 9901 | -€47,949 | -€62,350 | -€14,401 | -30.0% |
| Financial income | 75/76B | €23 | €86 | +€63 | +280.9% |
| Recurring financial income | 75 | €23 | €86 | +€63 | +280.9% |
| Financial charges | 65/66B | €5,107 | €1,351 | -€3,756 | -73.5% |
| Recurring financial charges | 65 | €5,107 | €1,351 | -€3,756 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | -€53,033 | -€63,614 | -€10,581 | -20.0% |
| Income taxes | 67/77 | €507 | €177 | -€330 | -65.1% |
| Profit (loss) for the period | 9904 | -€53,540 | -€63,791 | -€10,251 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,540 | -€63,791 | -€10,251 | -19.1% |
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 12 October 2026 via checked.be.