SCEPTOR VISION: 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.
SCEPTOR VISION
Largest movements
- Cash +€209,378
up €209,378 (+206.3%), from €101,511 to €310,890
mainly Net result for the year (+€95,927) and Depreciation (+€89,900)
- Tangible fixed assets -€47,252
down €47,252 (-4.0%), from €1.2m to €1.1m
of which Land and buildings: -€74,512
- Profit (loss) carried forward +€95,927
up €95,927 (+10.0%), from -€957,924 to -€861,997
- Debts after one year +€55,338
up €55,338 (+9.1%), from €607,278 to €662,616
- Current portion of long-term debt +€42,130
up €42,130 (+30.1%), from €140,137 to €182,267
- Trade debts -€33,358
down €33,358 (-69.0%), from €48,316 to €14,958
- Gross operating margin +€58,137
up €58,137 (+32.4%), from €179,649 to €237,787
- Financial charges -€9,086
down €9,086 (-25.3%), from €35,951 to €26,864
- Other operating charges +€3,733
up €3,733 (+16.0%), from €23,375 to €27,108
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 | €1,309,137 | €1,484,816 | +€175,679 | +13.4% |
| Fixed assets | 21/28 | €1,190,390 | €1,143,138 | -€47,252 | -4.0% |
| Tangible fixed assets | 22/27 | €1,190,390 | €1,143,138 | -€47,252 | -4.0% |
| Land and buildings | 22 | €1,176,278 | €1,101,766 | -€74,512 | -6.3% |
| Plant, machinery and equipment | 23 | €7,242 | €7,662 | +€420 | +5.8% |
| Furniture and vehicles | 24 | €6,870 | €16,463 | +€9,593 | +139.6% |
| Leasing and similar rights | 25 | - | €17,248 | +€17,248 | |
| Current assets | 29/58 | €118,747 | €341,678 | +€222,930 | +187.7% |
| Amounts receivable within one year | 40/41 | €17,236 | €30,788 | +€13,552 | +78.6% |
| Trade receivables | 40 | €17,016 | €27,281 | +€10,266 | +60.3% |
| Other amounts receivable | 41 | €220 | €3,507 | +€3,286 | +1492.2% |
| Cash at bank and in hand | 54/58 | €101,511 | €310,890 | +€209,378 | +206.3% |
| Total equity and liabilities | 10/49 | €1,309,137 | €1,484,816 | +€175,679 | +13.4% |
| Equity | 10/15 | €147,003 | €240,920 | +€93,917 | +63.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €549,768 | €549,768 | = | 0.0% |
| Reserves | 13 | €473,560 | €473,560 | = | 0.0% |
| Non-distributable reserves | 130/1 | €386,200 | €386,200 | = | 0.0% |
| Legal reserve | 130 | €3,895 | €3,895 | = | 0.0% |
| Reserves not available under the articles | 1311 | €382,305 | €382,305 | = | 0.0% |
| Distributable reserves | 133 | €87,360 | €87,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€957,924 | -€861,997 | +€95,927 | +10.0% |
| Investment grants | 15 | €20,100 | €18,090 | -€2,010 | -10.0% |
| Amounts payable | 17/49 | €1,162,134 | €1,243,896 | +€81,762 | +7.0% |
| Amounts payable after more than one year | 17 | €607,278 | €662,616 | +€55,338 | +9.1% |
| Financial debts | 170/4 | €607,278 | €662,616 | +€55,338 | +9.1% |
| Amounts payable within one year | 42/48 | €554,856 | €580,029 | +€25,173 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €140,137 | €182,267 | +€42,130 | +30.1% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Other loans | 439 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €48,316 | €14,958 | -€33,358 | -69.0% |
| Suppliers | 440/4 | €48,316 | €14,958 | -€33,358 | -69.0% |
| Taxes, remuneration and social security | 45 | €16,564 | €18,343 | +€1,779 | +10.7% |
| Taxes | 450/3 | €16,564 | €18,343 | +€1,779 | +10.7% |
| Other amounts payable | 47/48 | €274,839 | €289,461 | +€14,622 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €1,250 | +€1,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,284 | €89,900 | -€384 | -0.4% |
| Other operating charges | 640/8 | €23,375 | €27,108 | +€3,733 | +16.0% |
| Gross operating margin | 9900 | €179,649 | €237,787 | +€58,137 | +32.4% |
| Operating profit (loss) | 9901 | €65,990 | €120,779 | +€54,789 | +83.0% |
| Financial income | 75/76B | €3,864 | €2,560 | -€1,304 | -33.8% |
| Recurring financial income | 75 | €3,864 | €2,560 | -€1,304 | -33.8% |
| Financial charges | 65/66B | €35,951 | €26,864 | -€9,086 | -25.3% |
| Recurring financial charges | 65 | €35,951 | €26,864 | -€9,086 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €33,903 | €96,474 | +€62,571 | +184.6% |
| Income taxes | 67/77 | €599 | €547 | -€51 | -8.6% |
| Profit (loss) for the period | 9904 | €33,304 | €95,927 | +€62,623 | +188.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,304 | €95,927 | +€62,623 | +188.0% |
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.