SCORACO: 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
SCORACO
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.1m
2024 · €404,864+€1.7m
Equity
€6.8m
2024 · €4.7m+€2.1m
Cash
€237,327
2024 · €455,122-€217,795
Balance sheet total
€8.1m
2024 · €7.6m+€509,495
Largest movements
Assets
- Receivables within one year +€736,407
up €736,407 (+29.0%), from €2.5m to €3.3m
of which Other amounts receivable: +€800,148
- Cash -€217,795
down €217,795 (-47.9%), from €455,122 to €237,327
mainly Other debts (-€1.4m) and Receivables within one year (-€736,407)
Equity and liabilities
- Reserves +€2.1m
up €2.1m (+55.7%), from €3.8m to €5.8m
of which Distributable reserves: +€2.1m
- Other debts -€1.4m
down €1.4m (-80.0%), from €1.8m to €352,843
- Debts after one year -€130,758
down €130,758 (-16.0%), from €814,925 to €684,167
of which Financial debts: -€130,758
Income statement
- Financial income +€1.7m
up €1.7m (+469.0%), from €356,737 to €2.0m
of which Financial income: +€1.6m
- Turnover +€75,300
up €75,300 (+7.3%), from €1.0m to €1.1m
- Other operating income -€52,708
down €52,708 (-9.4%), from €562,316 to €509,608
- Financial charges -€51,074
down €51,074 (-29.5%), from €173,015 to €121,941
- Staff costs +€43,315
up €43,315 (+9.7%), from €444,731 to €488,046
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
€404,864
Turnover
+€75,300
Other operating income
-€52,708
Services and other goods
-€14,938
Staff costs
-€43,315
Depreciation
+€1,536
Other operating charges
+€4,591
Other operating items
+€11,105
Financial income
+€1.7m
Financial charges
+€51,074
Taxes
-€19,805
Result 2025
€2.1m
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
+€172,111
Investment
-€179,845
Financing
-€210,061
Cash 2024
€455,122
From operations (derived)
+€172,111
Net result for the year
+€2.1m
Depreciation
+€171,668
Receivables within one year
-€736,407
Deferred charges and accrued income
+€17,293
Trade debts
+€9,347
Tax, wage and social debts
+€31,198
Other debts
-€1.4m
Accrued charges and deferred income
-€155
Investment (derived)
-€179,845
Investment in fixed assets (net)
-€179,845
Financing
-€210,061
Debts after one year
-€130,758
Current portion of long-term debt
-€25,189
Short-term financial debts
-€54,115
Cash 2025
€237,327
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,639,709 | €8,149,204 | +€509,495 | +6.7% |
| Fixed assets | 21/28 | €4,596,655 | €4,604,831 | +€8,177 | +0.2% |
| Intangible fixed assets | 21 | €149,321 | €100,045 | -€49,276 | -33.0% |
| Tangible fixed assets | 22/27 | €154,234 | €131,686 | -€22,548 | -14.6% |
| Land and buildings | 22 | €89,413 | €83,232 | -€6,181 | -6.9% |
| Plant, machinery and equipment | 23 | €2,139 | €1,515 | -€624 | -29.2% |
| Furniture and vehicles | 24 | €62,682 | €46,940 | -€15,742 | -25.1% |
| Financial fixed assets | 28 | €4,293,100 | €4,373,100 | +€80,000 | +1.9% |
| Affiliated companies | 280/1 | €3,387,700 | €3,467,700 | +€80,000 | +2.4% |
| Participating interests | 280 | €3,387,700 | €3,467,700 | +€80,000 | +2.4% |
| Companies linked by participating interests | 282/3 | €905,400 | €905,400 | = | 0.0% |
| Participating interests | 282 | €405,400 | €405,400 | = | 0.0% |
| Amounts receivable | 283 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €3,043,054 | €3,544,373 | +€501,319 | +16.5% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,536,326 | €3,272,733 | +€736,407 | +29.0% |
| Trade receivables | 40 | €155,709 | €91,968 | -€63,741 | -40.9% |
| Other amounts receivable | 41 | €2,380,616 | €3,180,764 | +€800,148 | +33.6% |
| Cash at bank and in hand | 54/58 | €455,122 | €237,327 | -€217,795 | -47.9% |
| Deferred charges and accrued income | 490/1 | €51,606 | €34,313 | -€17,293 | -33.5% |
| Total equity and liabilities | 10/49 | €7,639,709 | €8,149,204 | +€509,495 | +6.7% |
| Equity | 10/15 | €4,737,654 | €6,828,300 | +€2.1m | +44.1% |
| Contributions | 10/11 | €980,026 | €980,026 | = | 0.0% |
| Reserves | 13 | €3,756,641 | €5,847,641 | +€2.1m | +55.7% |
| Tax-exempt reserves | 132 | €241 | €241 | = | 0.0% |
| Distributable reserves | 133 | €3,756,400 | €5,847,400 | +€2.1m | +55.7% |
| Profit (loss) carried forward | 14 | €987 | €633 | -€354 | -35.9% |
| Amounts payable | 17/49 | €2,902,055 | €1,320,904 | -€1.6m | -54.5% |
| Amounts payable after more than one year | 17 | €814,925 | €684,167 | -€130,758 | -16.0% |
| Financial debts | 170/4 | €422,425 | €291,667 | -€130,758 | -31.0% |
| Credit institutions | 173 | €422,425 | €291,667 | -€130,758 | -31.0% |
| Other amounts payable | 178/9 | €392,500 | €392,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,069,557 | €619,320 | -€1.5m | -70.1% |
| Current portion of amounts payable after more than one year | 42 | €164,280 | €139,091 | -€25,189 | -15.3% |
| Financial debts | 43 | €54,115 | €0 | -€54,115 | -100.0% |
| Credit institutions | 430/8 | €54,115 | €0 | -€54,115 | -100.0% |
| Trade debts | 44 | €42,123 | €51,470 | +€9,347 | +22.2% |
| Suppliers | 440/4 | €42,123 | €51,470 | +€9,347 | +22.2% |
| Taxes, remuneration and social security | 45 | €44,718 | €75,915 | +€31,198 | +69.8% |
| Taxes | 450/3 | €7,075 | €29,083 | +€22,009 | +311.1% |
| Remuneration and social security | 454/9 | €37,643 | €46,832 | +€9,189 | +24.4% |
| Other amounts payable | 47/48 | €1,764,322 | €352,843 | -€1.4m | -80.0% |
| Accrued charges and deferred income | 492/3 | €17,573 | €17,418 | -€155 | -0.9% |
| Operating income | 70/76A | €1,595,303 | €1,617,895 | +€22,592 | +1.4% |
| Turnover | 70 | €1,032,987 | €1,108,287 | +€75,300 | +7.3% |
| Other operating income | 74 | €562,316 | €509,608 | -€52,708 | -9.4% |
| Operating charges | 60/66A | €1,286,947 | €1,327,969 | +€41,021 | +3.2% |
| Services and other goods | 61 | €648,107 | €663,045 | +€14,938 | +2.3% |
| Remuneration, social security and pensions | 62 | €444,731 | €488,046 | +€43,315 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €173,204 | €171,668 | -€1,536 | -0.9% |
| Other operating charges | 640/8 | €9,800 | €5,209 | -€4,591 | -46.8% |
| Non-recurring operating charges | 66A | €11,105 | €0 | -€11,105 | -100.0% |
| Operating profit (loss) | 9901 | €308,355 | €289,927 | -€18,429 | -6.0% |
| Financial income | 75/76B | €356,737 | €2,029,678 | +€1.7m | +469.0% |
| Recurring financial income | 75 | €356,737 | €1,949,678 | +€1.6m | +446.5% |
| Income from financial fixed assets | 750 | €175,257 | €1,716,797 | +€1.5m | +879.6% |
| Income from current assets | 751 | €181,479 | €232,881 | +€51,402 | +28.3% |
| Other financial income | 752/9 | €1 | €0 | -€1 | -94.5% |
| Non-recurring financial income | 76B | - | €80,000 | +€80,000 | |
| Financial charges | 65/66B | €173,015 | €121,941 | -€51,074 | -29.5% |
| Recurring financial charges | 65 | €173,015 | €121,941 | -€51,074 | -29.5% |
| Debt charges | 650 | €169,914 | €118,446 | -€51,467 | -30.3% |
| Other financial charges | 652/9 | €3,102 | €3,494 | +€393 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €492,077 | €2,197,664 | +€1.7m | +346.6% |
| Income taxes | 67/77 | €87,213 | €107,018 | +€19,805 | +22.7% |
| Taxes | 670/3 | €87,213 | €107,018 | +€19,805 | +22.7% |
| Profit (loss) for the period | 9904 | €404,864 | €2,090,646 | +€1.7m | +416.4% |
| Profit (loss) for the period to be appropriated | 9905 | €404,864 | €2,090,646 | +€1.7m | +416.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.