SCARPO: 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.
SCARPO
Largest movements
- Cash -€48,460
down €48,460 (-60.8%), from €79,646 to €31,185
mainly Debts after one year (-€66,326) and Tax, wage and social debts (-€14,906)
- Tangible fixed assets -€38,455
down €38,455 (-17.5%), from €219,862 to €181,408
of which Land and buildings: -€27,250
- Debts after one year -€66,326
down €66,326 (-34.2%), from €193,996 to €127,670
- Tax, wage and social debts -€14,906
down €14,906 (-74.6%), from €19,991 to €5,084
of which Remuneration and social security: -€7,706
- Other debts +€8,414
up €8,414 (+188.0%), from €4,474 to €12,888
- Reserves -€7,107
down €7,107 (-18.0%), from €39,580 to €32,473
of which Tax-exempt reserves: -€7,107
- Gross operating margin -€71,769
down €71,769 (-59.5%), from €120,612 to €48,842
- Staff costs -€28,260
down €28,260 (-76.0%), from €37,193 to €8,933
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 | €383,413 | €297,326 | -€86,087 | -22.5% |
| Fixed assets | 21/28 | €220,683 | €182,229 | -€38,455 | -17.4% |
| Tangible fixed assets | 22/27 | €219,862 | €181,408 | -€38,455 | -17.5% |
| Land and buildings | 22 | €130,315 | €103,065 | -€27,250 | -20.9% |
| Plant, machinery and equipment | 23 | €88,380 | €77,614 | -€10,767 | -12.2% |
| Furniture and vehicles | 24 | €1,167 | €729 | -€438 | -37.5% |
| Financial fixed assets | 28 | €821 | €821 | = | 0.0% |
| Current assets | 29/58 | €162,729 | €115,097 | -€47,632 | -29.3% |
| Stocks and contracts in progress | 3 | €78,404 | €81,766 | +€3,362 | +4.3% |
| Stocks | 30/36 | €78,404 | €81,766 | +€3,362 | +4.3% |
| Amounts receivable within one year | 40/41 | €2,367 | €452 | -€1,914 | -80.9% |
| Trade receivables | 40 | €2,036 | €199 | -€1,837 | -90.2% |
| Other amounts receivable | 41 | €330 | €253 | -€77 | -23.4% |
| Cash at bank and in hand | 54/58 | €79,646 | €31,185 | -€48,460 | -60.8% |
| Deferred charges and accrued income | 490/1 | €2,314 | €1,694 | -€620 | -26.8% |
| Total equity and liabilities | 10/49 | €383,413 | €297,326 | -€86,087 | -22.5% |
| Equity | 10/15 | €133,852 | €123,441 | -€10,411 | -7.8% |
| Contributions | 10/11 | €145,000 | €145,000 | = | 0.0% |
| Reserves | 13 | €39,580 | €32,473 | -€7,107 | -18.0% |
| Non-distributable reserves | 130/1 | €14,500 | €14,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,500 | €14,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,611 | €7,504 | -€7,107 | -48.6% |
| Distributable reserves | 133 | €10,469 | €10,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,729 | -€54,033 | -€3,304 | -6.5% |
| Provisions and deferred taxes | 16 | €3,554 | €1,777 | -€1,777 | -50.0% |
| Deferred taxes | 168 | €3,554 | €1,777 | -€1,777 | -50.0% |
| Amounts payable | 17/49 | €246,007 | €172,109 | -€73,899 | -30.0% |
| Amounts payable after more than one year | 17 | €193,996 | €127,670 | -€66,326 | -34.2% |
| Financial debts | 170/4 | €193,996 | €127,670 | -€66,326 | -34.2% |
| Amounts payable within one year | 42/48 | €51,027 | €43,454 | -€7,573 | -14.8% |
| Current portion of amounts payable after more than one year | 42 | €17,367 | €17,726 | +€359 | +2.1% |
| Financial debts | 43 | €380 | €37 | -€343 | -90.3% |
| Credit institutions | 430/8 | €380 | €37 | -€343 | -90.3% |
| Trade debts | 44 | €8,815 | €7,719 | -€1,096 | -12.4% |
| Suppliers | 440/4 | €8,815 | €7,719 | -€1,096 | -12.4% |
| Taxes, remuneration and social security | 45 | €19,991 | €5,084 | -€14,906 | -74.6% |
| Taxes | 450/3 | €10,737 | €3,536 | -€7,200 | -67.1% |
| Remuneration and social security | 454/9 | €9,254 | €1,548 | -€7,706 | -83.3% |
| Other amounts payable | 47/48 | €4,474 | €12,888 | +€8,414 | +188.0% |
| Accrued charges and deferred income | 492/3 | €984 | €984 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €37,193 | €8,933 | -€28,260 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,017 | €38,455 | +€438 | +1.2% |
| Other operating charges | 640/8 | €9,703 | €10,554 | +€851 | +8.8% |
| Gross operating margin | 9900 | €120,612 | €48,842 | -€71,769 | -59.5% |
| Operating profit (loss) | 9901 | €35,699 | -€9,099 | -€44,798 | |
| Financial income | 75/76B | €219 | €98 | -€121 | -55.2% |
| Recurring financial income | 75 | €219 | €98 | -€121 | -55.2% |
| Financial charges | 65/66B | €3,627 | €2,821 | -€806 | -22.2% |
| Recurring financial charges | 65 | €3,627 | €2,821 | -€806 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €32,291 | -€11,823 | -€44,113 | |
| Transfer from deferred taxes | 780 | €1,777 | €1,777 | = | 0.0% |
| Income taxes | 67/77 | €466 | €365 | -€101 | -21.7% |
| Profit (loss) for the period | 9904 | €33,601 | -€10,411 | -€44,012 | |
| Transfer from tax-exempt reserves | 789 | €7,107 | €7,107 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,709 | -€3,304 | -€44,012 |
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 8 October 2026 via checked.be.