SCOLOPAX: 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.
What changed
SCOLOPAX
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€66,985
2024 · €65,938+€1,047
Equity
€5.1m
2024 · €635,869+€4.5m
Cash
€113,163
2024 · €85,027+€28,136
Balance sheet total
€5.3m
2024 · €884,194+€4.4m
Largest movements
Assets
- Financial fixed assets +€4.4m
up €4.4m (+772%), from €570,000 to €5.0m
Equity and liabilities
- Revaluation surpluses +€4.4m
new in 2025: €4.4m
- Reserves +€56,985
up €56,985 (+9.2%), from €622,669 to €679,654
Income statement
- Gross operating margin +€6,062
up €6,062 (+23.9%), from €25,330 to €31,392
- Depreciation +€3,927
up €3,927 (+65.7%), from €5,980 to €9,907
- Financial charges +€1,432
up €1,432 (+29.9%), from €4,793 to €6,226
- Other operating charges -€557
down €557 (-36.0%), from €1,546 to €989
- Financial income -€483
down €483 (-0.8%), from €60,483 to €60,000
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
€65,938
Gross operating margin
+€6,062
Depreciation
-€3,927
Other operating charges
+€557
Financial income
-€483
Financial charges
-€1,432
Taxes
+€270
Result 2025
€66,985
raises the resultlowers the result
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.
From operations
+€54,070
Investment
-€4.4m
Financing
+€4.4m
Cash 2024
€85,027
From operations (derived)
+€54,070
Net result for the year
+€66,985
Depreciation
+€9,907
Receivables within one year
+€21,194
Smaller working-capital items
+€2,781
Other debts
-€46,797
Investment (derived)
-€4.4m
Investment in fixed assets (net)
-€4.4m
Financing
+€4.4m
Debts after one year
+€18,561
Current portion of long-term debt
+€9,649
Contributions, distributions and other
+€4.4m
Cash 2025
€113,163
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €884,194 | €5,322,355 | +€4.4m | +502% |
| Fixed assets | 21/28 | €763,044 | €5,195,700 | +€4.4m | +581% |
| Tangible fixed assets | 22/27 | €193,044 | €227,280 | +€34,237 | +17.7% |
| Land and buildings | 22 | €186,040 | €181,838 | -€4,202 | -2.3% |
| Plant, machinery and equipment | 23 | €1,566 | €946 | -€620 | -39.6% |
| Furniture and vehicles | 24 | €5,438 | €567 | -€4,872 | -89.6% |
| Leasing and similar rights | 25 | - | €43,930 | +€43,930 | |
| Financial fixed assets | 28 | €570,000 | €4,968,420 | +€4.4m | +772% |
| Current assets | 29/58 | €121,151 | €126,655 | +€5,504 | +4.5% |
| Amounts receivable within one year | 40/41 | €30,256 | €9,062 | -€21,194 | -70.0% |
| Trade receivables | 40 | €8,947 | €7,901 | -€1,045 | -11.7% |
| Other amounts receivable | 41 | €21,309 | €1,161 | -€20,149 | -94.6% |
| Cash at bank and in hand | 54/58 | €85,027 | €113,163 | +€28,136 | +33.1% |
| Deferred charges and accrued income | 490/1 | €5,867 | €4,430 | -€1,438 | -24.5% |
| Total equity and liabilities | 10/49 | €884,194 | €5,322,355 | +€4.4m | +502% |
| Equity | 10/15 | €635,869 | €5,091,274 | +€4.5m | +701% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Revaluation surpluses | 12 | - | €4,398,420 | +€4.4m | |
| Reserves | 13 | €622,669 | €679,654 | +€56,985 | +9.2% |
| Distributable reserves | 133 | €622,669 | €679,654 | +€56,985 | +9.2% |
| Amounts payable | 17/49 | €248,325 | €231,081 | -€17,244 | -6.9% |
| Amounts payable after more than one year | 17 | €135,807 | €154,368 | +€18,561 | +13.7% |
| Financial debts | 170/4 | €135,807 | €154,368 | +€18,561 | +13.7% |
| Amounts payable within one year | 42/48 | €112,519 | €75,538 | -€36,981 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €16,029 | €25,678 | +€9,649 | +60.2% |
| Trade debts | 44 | €266 | €151 | -€115 | -43.3% |
| Suppliers | 440/4 | €266 | €151 | -€115 | -43.3% |
| Taxes, remuneration and social security | 45 | €6,209 | €6,492 | +€283 | +4.6% |
| Taxes | 450/3 | €6,209 | €6,492 | +€283 | +4.6% |
| Other amounts payable | 47/48 | €90,014 | €43,217 | -€46,797 | -52.0% |
| Accrued charges and deferred income | 492/3 | - | €1,176 | +€1,176 | |
| Non-recurring operating income | 76A | - | €5,678 | +€5,678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,980 | €9,907 | +€3,927 | +65.7% |
| Other operating charges | 640/8 | €1,546 | €989 | -€557 | -36.0% |
| Gross operating margin | 9900 | €25,330 | €31,392 | +€6,062 | +23.9% |
| Operating profit (loss) | 9901 | €17,803 | €20,496 | +€2,693 | +15.1% |
| Financial income | 75/76B | €60,483 | €60,000 | -€483 | -0.8% |
| Recurring financial income | 75 | €60,483 | €60,000 | -€483 | -0.8% |
| Financial charges | 65/66B | €4,793 | €6,226 | +€1,432 | +29.9% |
| Recurring financial charges | 65 | €4,793 | €6,226 | +€1,432 | +29.9% |
| Profit (loss) for the period before taxes | 9903 | €73,493 | €74,270 | +€777 | +1.1% |
| Income taxes | 67/77 | €7,554 | €7,285 | -€270 | -3.6% |
| Profit (loss) for the period | 9904 | €65,938 | €66,985 | +€1,047 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,938 | €66,985 | +€1,047 | +1.6% |
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 21 October 2026 via checked.be.