SCEPTRE: 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.
SCEPTRE
Largest movements
- Receivables within one year -€27,286
down €27,286 (-66.4%), from €41,086 to €13,800
of which Other amounts receivable: -€15,029
- Tangible fixed assets -€14,022
down €14,022 (-7.0%), from €200,881 to €186,860
of which Land and buildings: -€13,680
- Intangible fixed assets -€11,500
down €11,500 (-37.5%), from €30,667 to €19,167
- Cash -€9,425
down €9,425 (-60.3%), from €15,625 to €6,199
mainly Net result for the year (-€28,052) and Debts after one year (-€25,477)
- Profit (loss) carried forward -€28,052
down €28,052 (-52.6%), from -€53,357 to -€81,410
- Debts after one year -€25,477
down €25,477 (-9.3%), from €274,162 to €248,685
- Tax, wage and social debts -€7,855
down €7,855 (-86.5%), from €9,080 to €1,225
- Gross operating margin +€15,956
up €15,956, from -€10,937 to €5,019
- Depreciation -€5,614
down €5,614 (-18.0%), from €31,135 to €25,522
- Other operating charges -€2,383
no longer reported in 2025 (was €2,383)
- Financial income -€594
down €594 (-41.1%), from €1,443 to €849
- Financial charges -€449
down €449 (-5.3%), from €8,464 to €8,015
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 | €290,087 | €226,026 | -€64,060 | -22.1% |
| Fixed assets | 21/28 | €231,548 | €206,026 | -€25,522 | -11.0% |
| Intangible fixed assets | 21 | €30,667 | €19,167 | -€11,500 | -37.5% |
| Tangible fixed assets | 22/27 | €200,881 | €186,860 | -€14,022 | -7.0% |
| Land and buildings | 22 | €200,540 | €186,860 | -€13,680 | -6.8% |
| Furniture and vehicles | 24 | €342 | - | -€342 | |
| Current assets | 29/58 | €58,538 | €20,000 | -€38,539 | -65.8% |
| Amounts receivable within one year | 40/41 | €41,086 | €13,800 | -€27,286 | -66.4% |
| Trade receivables | 40 | €12,467 | €210 | -€12,257 | -98.3% |
| Other amounts receivable | 41 | €28,620 | €13,590 | -€15,029 | -52.5% |
| Cash at bank and in hand | 54/58 | €15,625 | €6,199 | -€9,425 | -60.3% |
| Deferred charges and accrued income | 490/1 | €1,828 | - | -€1,828 | |
| Total equity and liabilities | 10/49 | €290,087 | €226,026 | -€64,060 | -22.1% |
| Equity | 10/15 | -€34,757 | -€62,810 | -€28,052 | -80.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,357 | -€81,410 | -€28,052 | -52.6% |
| Amounts payable | 17/49 | €324,844 | €288,836 | -€36,008 | -11.1% |
| Amounts payable after more than one year | 17 | €274,162 | €248,685 | -€25,477 | -9.3% |
| Financial debts | 170/4 | €274,162 | €248,685 | -€25,477 | -9.3% |
| Amounts payable within one year | 42/48 | €50,682 | €40,151 | -€10,531 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €30,389 | €28,189 | -€2,201 | -7.2% |
| Trade debts | 44 | €11,213 | €8,733 | -€2,479 | -22.1% |
| Suppliers | 440/4 | €11,213 | €8,733 | -€2,479 | -22.1% |
| Taxes, remuneration and social security | 45 | €9,080 | €1,225 | -€7,855 | -86.5% |
| Taxes | 450/3 | €9,080 | €1,225 | -€7,855 | -86.5% |
| Other amounts payable | 47/48 | - | €2,004 | +€2,004 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,135 | €25,522 | -€5,614 | -18.0% |
| Other operating charges | 640/8 | €2,383 | - | -€2,383 | |
| Non-recurring operating charges | 66A | €35 | €168 | +€133 | +381% |
| Gross operating margin | 9900 | -€10,937 | €5,019 | +€15,956 | |
| Operating profit (loss) | 9901 | -€44,490 | -€20,671 | +€23,819 | +53.5% |
| Financial income | 75/76B | €1,443 | €849 | -€594 | -41.1% |
| Recurring financial income | 75 | €1,443 | €849 | -€594 | -41.1% |
| Financial charges | 65/66B | €8,464 | €8,015 | -€449 | -5.3% |
| Recurring financial charges | 65 | €8,464 | €8,015 | -€449 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | -€51,512 | -€27,837 | +€23,674 | +46.0% |
| Income taxes | 67/77 | €187 | €215 | +€28 | +14.8% |
| Profit (loss) for the period | 9904 | -€51,699 | -€28,052 | +€23,647 | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,699 | -€28,052 | +€23,647 | +45.7% |
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 28 October 2026 via checked.be.