SCINTIMAG: 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.
SCINTIMAG
Largest movements
- Tangible fixed assets -€26,214
down €26,214 (-10.6%), from €246,990 to €220,777
of which Furniture and vehicles: -€16,233
- Receivables within one year +€8,429
up €8,429 (+7.3%), from €116,181 to €124,611
of which Trade receivables: +€4,269
- Reserves +€38,400
up €38,400 (+16.0%), from €240,400 to €278,800
- Debts after one year -€25,133
down €25,133 (-20.4%), from €123,286 to €98,153
- Other debts -€17,209
down €17,209 (-48.1%), from €35,764 to €18,556
- Tax, wage and social debts -€11,520
down €11,520 (-86.8%), from €13,270 to €1,750
- Depreciation +€13,822
up €13,822 (+90.4%), from €15,287 to €29,109
- Taxes -€3,719
down €3,719 (-11.4%), from €32,493 to €28,774
- Gross operating margin +€3,509
up €3,509 (+2.6%), from €135,593 to €139,102
- Financial charges +€2,686
up €2,686 (+151.5%), from €1,773 to €4,459
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 | €457,342 | €436,167 | -€21,176 | -4.6% |
| Fixed assets | 21/28 | €250,219 | €224,005 | -€26,214 | -10.5% |
| Tangible fixed assets | 22/27 | €246,990 | €220,777 | -€26,214 | -10.6% |
| Furniture and vehicles | 24 | €89,921 | €73,688 | -€16,233 | -18.1% |
| Other tangible fixed assets | 26 | €157,070 | €147,089 | -€9,981 | -6.4% |
| Financial fixed assets | 28 | €3,229 | €3,229 | = | 0.0% |
| Current assets | 29/58 | €207,123 | €212,161 | +€5,038 | +2.4% |
| Amounts receivable within one year | 40/41 | €116,181 | €124,611 | +€8,429 | +7.3% |
| Trade receivables | 40 | €116,181 | €120,451 | +€4,269 | +3.7% |
| Other amounts receivable | 41 | - | €4,160 | +€4,160 | |
| Cash at bank and in hand | 54/58 | €87,597 | €83,981 | -€3,616 | -4.1% |
| Deferred charges and accrued income | 490/1 | €3,345 | €3,569 | +€224 | +6.7% |
| Total equity and liabilities | 10/49 | €457,342 | €436,167 | -€21,176 | -4.6% |
| Equity | 10/15 | €242,651 | €281,158 | +€38,507 | +15.9% |
| Contributions | 10/11 | €400 | €400 | = | 0.0% |
| Reserves | 13 | €240,400 | €278,800 | +€38,400 | +16.0% |
| Distributable reserves | 133 | €240,400 | €278,800 | +€38,400 | +16.0% |
| Profit (loss) carried forward | 14 | €1,851 | €1,958 | +€107 | +5.8% |
| Amounts payable | 17/49 | €214,691 | €155,009 | -€59,682 | -27.8% |
| Amounts payable after more than one year | 17 | €123,286 | €98,153 | -€25,133 | -20.4% |
| Financial debts | 170/4 | €123,286 | €98,153 | -€25,133 | -20.4% |
| Amounts payable within one year | 42/48 | €91,405 | €56,855 | -€34,550 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €39,467 | €36,381 | -€3,086 | -7.8% |
| Trade debts | 44 | €2,904 | €169 | -€2,735 | -94.2% |
| Suppliers | 440/4 | €2,904 | €169 | -€2,735 | -94.2% |
| Taxes, remuneration and social security | 45 | €13,270 | €1,750 | -€11,520 | -86.8% |
| Taxes | 450/3 | €13,270 | €1,750 | -€11,520 | -86.8% |
| Other amounts payable | 47/48 | €35,764 | €18,556 | -€17,209 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,287 | €29,109 | +€13,822 | +90.4% |
| Other operating charges | 640/8 | €2,255 | €3,255 | +€1,000 | +44.4% |
| Gross operating margin | 9900 | €135,593 | €139,102 | +€3,509 | +2.6% |
| Operating profit (loss) | 9901 | €118,051 | €106,738 | -€11,313 | -9.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €1,773 | €4,459 | +€2,686 | +151.5% |
| Recurring financial charges | 65 | €1,773 | €4,459 | +€2,686 | +151.5% |
| Profit (loss) for the period before taxes | 9903 | €116,278 | €102,281 | -€13,997 | -12.0% |
| Income taxes | 67/77 | €32,493 | €28,774 | -€3,719 | -11.4% |
| Profit (loss) for the period | 9904 | €83,785 | €73,507 | -€10,278 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,785 | €73,507 | -€10,278 | -12.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.