SCOREX: 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.
SCOREX
Largest movements
- Financial fixed assets +€346,500
up €346,500 (+83,293%), from €416 to €346,916
- Current investments -€282,757
down €282,757 (-88.3%), from €320,171 to €37,414
- Tangible fixed assets -€44,684
down €44,684 (-4.9%), from €910,416 to €865,732
of which Other tangible fixed assets: -€31,267
- Reserves -€56,813
down €56,813 (-11.9%), from €475,999 to €419,186
of which Distributable reserves: -€56,813
- Debts after one year +€48,413
up €48,413 (+10.8%), from €449,230 to €497,643
- Other debts +€47,288
up €47,288 (+32.0%), from €147,885 to €195,173
- Tax, wage and social debts -€24,158
down €24,158 (-92.9%), from €26,007 to €1,849
- Gross operating margin -€150,549
down €150,549 (-62.2%), from €242,116 to €91,567
- Depreciation -€6,215
down €6,215 (-11.9%), from €52,253 to €46,038
- Financial income +€5,130
up €5,130 (+128,250%), from €4 to €5,134
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,247,799 | €1,267,485 | +€19,686 | +1.6% |
| Fixed assets | 21/28 | €910,832 | €1,212,648 | +€301,816 | +33.1% |
| Tangible fixed assets | 22/27 | €910,416 | €865,732 | -€44,684 | -4.9% |
| Land and buildings | 22 | €187,926 | €186,284 | -€1,642 | -0.9% |
| Furniture and vehicles | 24 | €17,220 | €5,445 | -€11,775 | -68.4% |
| Other tangible fixed assets | 26 | €705,270 | €674,003 | -€31,267 | -4.4% |
| Financial fixed assets | 28 | €416 | €346,916 | +€346,500 | +83,293% |
| Current assets | 29/58 | €336,967 | €54,837 | -€282,130 | -83.7% |
| Amounts receivable within one year | 40/41 | €6,977 | €11,626 | +€4,649 | +66.6% |
| Trade receivables | 40 | €6,977 | €6,147 | -€830 | -11.9% |
| Other amounts receivable | 41 | - | €5,479 | +€5,479 | |
| Current investments | 50/53 | €320,171 | €37,414 | -€282,757 | -88.3% |
| Cash at bank and in hand | 54/58 | €6,426 | €46 | -€6,380 | -99.3% |
| Deferred charges and accrued income | 490/1 | €3,393 | €5,751 | +€2,358 | +69.5% |
| Total equity and liabilities | 10/49 | €1,247,799 | €1,267,485 | +€19,686 | +1.6% |
| Equity | 10/15 | €504,932 | €448,119 | -€56,813 | -11.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €475,999 | €419,186 | -€56,813 | -11.9% |
| Tax-exempt reserves | 132 | €144,971 | €144,971 | = | 0.0% |
| Distributable reserves | 133 | €331,028 | €274,215 | -€56,813 | -17.2% |
| Profit (loss) carried forward | 14 | €8,473 | €8,473 | = | 0.0% |
| Provisions and deferred taxes | 16 | €29,929 | €29,929 | = | 0.0% |
| Deferred taxes | 168 | €29,929 | €29,929 | = | 0.0% |
| Amounts payable | 17/49 | €712,938 | €789,437 | +€76,499 | +10.7% |
| Amounts payable after more than one year | 17 | €449,230 | €497,643 | +€48,413 | +10.8% |
| Financial debts | 170/4 | €449,230 | €497,643 | +€48,413 | +10.8% |
| Amounts payable within one year | 42/48 | €260,653 | €288,608 | +€27,955 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €71,603 | €84,202 | +€12,599 | +17.6% |
| Financial debts | 43 | - | €749 | +€749 | |
| Credit institutions | 430/8 | - | €749 | +€749 | |
| Trade debts | 44 | €15,158 | €6,635 | -€8,523 | -56.2% |
| Suppliers | 440/4 | €15,158 | €6,635 | -€8,523 | -56.2% |
| Taxes, remuneration and social security | 45 | €26,007 | €1,849 | -€24,158 | -92.9% |
| Taxes | 450/3 | €26,007 | €1,849 | -€24,158 | -92.9% |
| Other amounts payable | 47/48 | €147,885 | €195,173 | +€47,288 | +32.0% |
| Accrued charges and deferred income | 492/3 | €3,055 | €3,186 | +€131 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,253 | €46,038 | -€6,215 | -11.9% |
| Other operating charges | 640/8 | €7,276 | €5,821 | -€1,455 | -20.0% |
| Gross operating margin | 9900 | €242,116 | €91,567 | -€150,549 | -62.2% |
| Operating profit (loss) | 9901 | €182,587 | €39,708 | -€142,879 | -78.3% |
| Financial income | 75/76B | €4 | €5,134 | +€5,130 | +128,250% |
| Recurring financial income | 75 | €4 | €5,134 | +€5,130 | +128,250% |
| Financial charges | 65/66B | €12,558 | €11,528 | -€1,030 | -8.2% |
| Recurring financial charges | 65 | €12,558 | €11,528 | -€1,030 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €170,033 | €33,314 | -€136,719 | -80.4% |
| Transfer to deferred taxes | 680 | €29,929 | - | -€29,929 | |
| Income taxes | 67/77 | €19,341 | €17,504 | -€1,837 | -9.5% |
| Profit (loss) for the period | 9904 | €120,763 | €15,810 | -€104,953 | -86.9% |
| Transfer to tax-exempt reserves | 689 | €89,786 | - | -€89,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,977 | €15,810 | -€15,167 | -49.0% |
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 13 October 2026 via checked.be.