SCIPEO: 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.
SCIPEO
Largest movements
- Cash -€60,072
down €60,072 (-25.1%), from €238,924 to €178,851
mainly Other debts (-€307,514) and Contributions, distributions and other (-€55,000)
- Receivables within one year -€44,254
down €44,254 (-72.5%), from €61,017 to €16,763
of which Trade receivables: -€44,164
- Other debts -€307,514
down €307,514 (-83.5%), from €368,431 to €60,917
- Profit (loss) carried forward +€211,266
up €211,266 (+38402.8%), from €550 to €211,816
- Tax, wage and social debts -€5,231
down €5,231 (-32.9%), from €15,924 to €10,692
of which Taxes: -€7,973
- Gross operating margin -€142,561
down €142,561 (-28.3%), from €503,618 to €361,057
- Taxes -€32,737
down €32,737 (-28.1%), from €116,336 to €83,599
- Other operating charges -€7,525
down €7,525 (-43.5%), from €17,316 to €9,791
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 | €454,584 | €348,861 | -€105,723 | -23.3% |
| Fixed assets | 21/28 | €3,344 | €1,899 | -€1,445 | -43.2% |
| Tangible fixed assets | 22/27 | €3,277 | €1,832 | -€1,445 | -44.1% |
| Furniture and vehicles | 24 | €3,277 | €0 | -€3,277 | -100.0% |
| Other tangible fixed assets | 26 | - | €1,832 | +€1,832 | |
| Financial fixed assets | 28 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €451,240 | €346,962 | -€104,278 | -23.1% |
| Amounts receivable within one year | 40/41 | €61,017 | €16,763 | -€44,254 | -72.5% |
| Trade receivables | 40 | €59,692 | €15,528 | -€44,164 | -74.0% |
| Other amounts receivable | 41 | €1,325 | €1,234 | -€90 | -6.8% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €238,924 | €178,851 | -€60,072 | -25.1% |
| Deferred charges and accrued income | 490/1 | €1,300 | €1,348 | +€48 | +3.7% |
| Total equity and liabilities | 10/49 | €454,584 | €348,861 | -€105,723 | -23.3% |
| Equity | 10/15 | €64,010 | €275,276 | +€211,266 | +330.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,860 | €44,860 | = | 0.0% |
| Distributable reserves | 133 | €44,860 | €44,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €550 | €211,816 | +€211,266 | +38402.8% |
| Amounts payable | 17/49 | €390,574 | €73,586 | -€316,989 | -81.2% |
| Amounts payable within one year | 42/48 | €390,134 | €73,586 | -€316,549 | -81.1% |
| Financial debts | 43 | €906 | €0 | -€906 | -100.0% |
| Credit institutions | 430/8 | €906 | €0 | -€906 | -100.0% |
| Trade debts | 44 | €4,874 | €1,976 | -€2,897 | -59.5% |
| Suppliers | 440/4 | €4,874 | €1,976 | -€2,897 | -59.5% |
| Taxes, remuneration and social security | 45 | €15,924 | €10,692 | -€5,231 | -32.9% |
| Taxes | 450/3 | €15,924 | €7,950 | -€7,973 | -50.1% |
| Remuneration and social security | 454/9 | - | €2,742 | +€2,742 | |
| Other amounts payable | 47/48 | €368,431 | €60,917 | -€307,514 | -83.5% |
| Accrued charges and deferred income | 492/3 | €440 | €0 | -€440 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,335 | €3,298 | -€4,037 | -55.0% |
| Other operating charges | 640/8 | €17,316 | €9,791 | -€7,525 | -43.5% |
| Gross operating margin | 9900 | €503,618 | €361,057 | -€142,561 | -28.3% |
| Operating profit (loss) | 9901 | €478,967 | €347,968 | -€130,999 | -27.4% |
| Financial income | 75/76B | €1,870 | €2,163 | +€293 | +15.7% |
| Recurring financial income | 75 | €1,870 | €2,163 | +€293 | +15.7% |
| Financial charges | 65/66B | €326 | €267 | -€60 | -18.3% |
| Recurring financial charges | 65 | €326 | €267 | -€60 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €480,510 | €349,865 | -€130,646 | -27.2% |
| Income taxes | 67/77 | €116,336 | €83,599 | -€32,737 | -28.1% |
| Profit (loss) for the period | 9904 | €364,174 | €266,266 | -€97,909 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €364,174 | €266,266 | -€97,909 | -26.9% |
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 29 September 2026 via checked.be.