SCERBO: 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.
What changed
SCERBO
NACE 47.811, Retail sale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€76,675
2024 · €63,064+€13,611
Equity
€487,797
2024 · €411,122+€76,675
Cash
€6,029
2024 · €1,492+€4,537
Balance sheet total
€3.9m
2024 · €3.5m+€468,852
Largest movements
Assets
- Stocks and contracts +€292,908
up €292,908 (+14.1%), from €2.1m to €2.4m
- Tangible fixed assets +€218,257
up €218,257 (+23.3%), from €937,137 to €1.2m
of which Plant, machinery and equipment: +€186,321
- Current investments -€61,250
down €61,250 (-37.0%), from €165,474 to €104,224
Equity and liabilities
- Trade debts +€203,178
up €203,178 (+9.9%), from €2.0m to €2.3m
- Debts after one year +€157,305
up €157,305 (+54.2%), from €290,359 to €447,664
of which Financial debts: +€157,305
- Reserves +€76,000
up €76,000 (+34.4%), from €221,000 to €297,000
of which Distributable reserves: +€76,000
Income statement
- Gross operating margin +€175,023
up €175,023 (+23.4%), from €749,493 to €924,516
- Staff costs +€153,189
up €153,189 (+35.5%), from €431,973 to €585,162
- Depreciation +€26,931
up €26,931 (+53.8%), from €50,035 to €76,966
- Financial charges -€24,896
down €24,896 (-17.5%), from €142,603 to €117,707
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.
Result 2024
€63,064
Gross operating margin
+€175,023
Staff costs
-€153,189
Depreciation
-€26,931
Write-downs
-€4,044
Other operating charges
-€1,223
Financial income
+€4,331
Financial charges
+€24,896
Taxes
-€5,252
Result 2025
€76,675
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.
From operations
+€57,823
Investment
-€233,973
Financing
+€180,687
Cash 2024
€1,492
From operations (derived)
+€57,823
Net result for the year
+€76,675
Depreciation
+€76,966
Stocks and contracts
-€292,908
Receivables within one year
-€39,306
Deferred charges and accrued income
+€24,906
Trade debts
+€203,178
Tax, wage and social debts
+€9,967
Other debts
-€1,655
Investment (derived)
-€233,973
Investment in fixed assets (net)
-€295,223
Current investments
+€61,250
Financing
+€180,687
Debts after one year
+€157,305
Current portion of long-term debt
+€23,382
Cash 2025
€6,029
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,480,049 | €3,948,901 | +€468,852 | +13.5% |
| Fixed assets | 21/28 | €937,137 | €1,155,394 | +€218,257 | +23.3% |
| Tangible fixed assets | 22/27 | €937,137 | €1,155,394 | +€218,257 | +23.3% |
| Land and buildings | 22 | €688,307 | €669,415 | -€18,892 | -2.7% |
| Plant, machinery and equipment | 23 | €247,530 | €433,851 | +€186,321 | +75.3% |
| Furniture and vehicles | 24 | €1,300 | €20,358 | +€19,058 | +1466.0% |
| Other tangible fixed assets | 26 | - | €31,770 | +€31,770 | |
| Current assets | 29/58 | €2,542,912 | €2,793,507 | +€250,595 | +9.9% |
| Stocks and contracts in progress | 3 | €2,082,453 | €2,375,361 | +€292,908 | +14.1% |
| Stocks | 30/36 | €2,082,453 | €2,375,361 | +€292,908 | +14.1% |
| Amounts receivable within one year | 40/41 | €241,998 | €281,304 | +€39,306 | +16.2% |
| Trade receivables | 40 | €210,683 | €248,637 | +€37,954 | +18.0% |
| Other amounts receivable | 41 | €31,315 | €32,667 | +€1,352 | +4.3% |
| Current investments | 50/53 | €165,474 | €104,224 | -€61,250 | -37.0% |
| Cash at bank and in hand | 54/58 | €1,492 | €6,029 | +€4,537 | +304.1% |
| Deferred charges and accrued income | 490/1 | €51,495 | €26,589 | -€24,906 | -48.4% |
| Total equity and liabilities | 10/49 | €3,480,049 | €3,948,901 | +€468,852 | +13.5% |
| Equity | 10/15 | €411,122 | €487,797 | +€76,675 | +18.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €221,000 | €297,000 | +€76,000 | +34.4% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €206,000 | €282,000 | +€76,000 | +36.9% |
| Profit (loss) carried forward | 14 | €40,122 | €40,797 | +€675 | +1.7% |
| Amounts payable | 17/49 | €3,068,927 | €3,461,104 | +€392,177 | +12.8% |
| Amounts payable after more than one year | 17 | €290,359 | €447,664 | +€157,305 | +54.2% |
| Financial debts | 170/4 | €290,309 | €447,614 | +€157,305 | +54.2% |
| Other amounts payable | 178/9 | €50 | €50 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,778,568 | €3,013,440 | +€234,872 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €495,613 | €518,995 | +€23,382 | +4.7% |
| Trade debts | 44 | €2,047,413 | €2,250,591 | +€203,178 | +9.9% |
| Suppliers | 440/4 | €2,047,413 | €2,250,591 | +€203,178 | +9.9% |
| Taxes, remuneration and social security | 45 | €176,981 | €186,948 | +€9,967 | +5.6% |
| Taxes | 450/3 | €92,613 | €78,065 | -€14,548 | -15.7% |
| Remuneration and social security | 454/9 | €84,368 | €108,883 | +€24,515 | +29.1% |
| Other amounts payable | 47/48 | €58,561 | €56,906 | -€1,655 | -2.8% |
| Non-recurring operating income | 76A | €3,109 | €750 | -€2,359 | -75.9% |
| Remuneration, social security and pensions | 62 | €431,973 | €585,162 | +€153,189 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,035 | €76,966 | +€26,931 | +53.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,044 | +€4,044 | |
| Other operating charges | 640/8 | €43,567 | €44,790 | +€1,223 | +2.8% |
| Gross operating margin | 9900 | €749,493 | €924,516 | +€175,023 | +23.4% |
| Operating profit (loss) | 9901 | €223,918 | €213,554 | -€10,364 | -4.6% |
| Financial income | 75/76B | €516 | €4,847 | +€4,331 | +839.3% |
| Recurring financial income | 75 | €516 | €4,847 | +€4,331 | +839.3% |
| Financial charges | 65/66B | €142,603 | €117,707 | -€24,896 | -17.5% |
| Recurring financial charges | 65 | €142,603 | €117,707 | -€24,896 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €81,831 | €100,694 | +€18,863 | +23.1% |
| Income taxes | 67/77 | €18,767 | €24,019 | +€5,252 | +28.0% |
| Profit (loss) for the period | 9904 | €63,064 | €76,675 | +€13,611 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,064 | €76,675 | +€13,611 | +21.6% |
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 3 October 2026 via checked.be.