SCORPIAUX: 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
SCORPIAUX
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3.3m
2024 · €252,711+€3.0m
Equity
€160.2m
2024 · €156.9m+€3.3m
Cash
€185,900
2024 · €710,144-€524,243
Balance sheet total
€230.3m
2024 · €229.3m+€1.0m
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts -€9.6m
down €9.6m (-85.7%), from €11.2m to €1.6m
- Debts after one year +€6.8m
up €6.8m (+14.6%), from €46.9m to €53.7m
- Reserves +€3.3m
up €3.3m (+10.7%), from €30.8m to €34.1m
of which Distributable reserves: +€3.3m
Income statement
- Financial charges -€20.0m
down €20.0m (-91.1%), from €21.9m to €2.0m
of which Non-recurring financial charges: -€18.2m
- Financial income -€14.9m
down €14.9m (-75.3%), from €19.9m to €4.9m
of which Financial income: -€14.8m
- Turnover +€3.1m
up €3.1m (+179.3%), from €1.7m to €4.8m
- Goods and materials +€2.6m
up €2.6m (+291.3%), from €887,850 to €3.5m
of which Change in stocks: decrease (increase): +€2.0m
- Other operating charges +€96,112
up €96,112 (+266.4%), from €36,076 to €132,187
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
€252,711
Turnover
+€3.1m
Other operating income
-€24,127
Goods and materials
-€2.6m
Services and other goods
+€59,230
Staff costs
+€16,691
Depreciation
-€893
Other operating charges
-€96,112
Other operating items
-€2.5m
Financial income
-€14.9m
Financial charges
+€20.0m
Taxes
+€35,848
Result 2025
€3.3m
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
-€7.3m
Investment
-€485,479
Financing
+€7.3m
Cash 2024
€710,144
From operations (derived)
-€7.3m
Net result for the year
+€3.3m
Depreciation
+€13,167
Receivables after one year
-€1.8m
Stocks and contracts
+€2.2m
Receivables within one year
-€1.3m
Deferred charges and accrued income
-€252,697
Trade debts
+€43,327
Tax, wage and social debts
-€20,930
Other debts
-€9.6m
Investment (derived)
-€485,479
Investment in fixed assets (net)
-€485,479
Financing
+€7.3m
Debts after one year
+€6.8m
Current portion of long-term debt
+€474,533
Cash 2025
€185,900
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,258,951 | €230,289,173 | +€1.0m | +0.4% |
| Fixed assets | 21/28 | €187,696,813 | €188,169,124 | +€472,312 | +0.3% |
| Tangible fixed assets | 22/27 | €2,604,489 | €2,591,642 | -€12,847 | -0.5% |
| Land and buildings | 22 | €2,567,340 | €2,567,340 | = | 0.0% |
| Plant, machinery and equipment | 23 | €23,421 | €18,327 | -€5,094 | -21.8% |
| Furniture and vehicles | 24 | €13,728 | €5,975 | -€7,753 | -56.5% |
| Financial fixed assets | 28 | €185,092,323 | €185,577,483 | +€485,159 | +0.3% |
| Affiliated companies | 280/1 | €133,133,854 | €125,568,390 | -€7.6m | -5.7% |
| Participating interests | 280 | €132,551,537 | €124,913,889 | -€7.6m | -5.8% |
| Amounts receivable | 281 | €582,318 | €654,501 | +€72,184 | +12.4% |
| Companies linked by participating interests | 282/3 | €14,238,788 | €21,929,772 | +€7.7m | +54.0% |
| Participating interests | 282 | €12,521,431 | €20,159,080 | +€7.6m | +61.0% |
| Amounts receivable | 283 | €1,717,357 | €1,770,692 | +€53,335 | +3.1% |
| Other financial fixed assets | 284/8 | €37,719,680 | €38,079,321 | +€359,640 | +1.0% |
| Shares | 284 | €37,719,680 | €38,079,321 | +€359,640 | +1.0% |
| Current assets | 29/58 | €41,562,139 | €42,120,048 | +€557,910 | +1.3% |
| Amounts receivable after more than one year | 29 | €9,508,639 | €11,277,171 | +€1.8m | +18.6% |
| Other amounts receivable | 291 | €9,508,639 | €11,277,171 | +€1.8m | +18.6% |
| Stocks and contracts in progress | 3 | €14,448,349 | €12,223,244 | -€2.2m | -15.4% |
| Stocks | 30/36 | €14,448,349 | €12,223,244 | -€2.2m | -15.4% |
| Goods purchased for resale | 34 | €14,448,349 | €12,223,244 | -€2.2m | -15.4% |
| Amounts receivable within one year | 40/41 | €15,708,403 | €16,994,433 | +€1.3m | +8.2% |
| Trade receivables | 40 | €320,842 | €800,796 | +€479,954 | +149.6% |
| Other amounts receivable | 41 | €15,387,560 | €16,193,637 | +€806,077 | +5.2% |
| Cash at bank and in hand | 54/58 | €710,144 | €185,900 | -€524,243 | -73.8% |
| Deferred charges and accrued income | 490/1 | €1,186,604 | €1,439,301 | +€252,697 | +21.3% |
| Total equity and liabilities | 10/49 | €229,258,951 | €230,289,173 | +€1.0m | +0.4% |
| Equity | 10/15 | €156,943,384 | €160,235,420 | +€3.3m | +2.1% |
| Contributions | 10/11 | €103,357,410 | €103,357,410 | = | 0.0% |
| Revaluation surpluses | 12 | €22,768,208 | €22,768,208 | = | 0.0% |
| Reserves | 13 | €30,817,766 | €34,109,802 | +€3.3m | +10.7% |
| Non-distributable reserves | 130/1 | €181,942 | €181,942 | = | 0.0% |
| Reserves not available under the articles | 1311 | €181,942 | €181,942 | = | 0.0% |
| Distributable reserves | 133 | €30,635,824 | €33,927,860 | +€3.3m | +10.7% |
| Amounts payable | 17/49 | €72,315,567 | €70,053,753 | -€2.3m | -3.1% |
| Amounts payable after more than one year | 17 | €46,885,516 | €53,720,276 | +€6.8m | +14.6% |
| Financial debts | 170/4 | €46,885,516 | €53,720,276 | +€6.8m | +14.6% |
| Credit institutions | 173 | €46,885,516 | €53,720,276 | +€6.8m | +14.6% |
| Amounts payable within one year | 42/48 | €25,430,051 | €16,333,477 | -€9.1m | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €14,037,794 | €14,512,327 | +€474,533 | +3.4% |
| Trade debts | 44 | €141,777 | €185,104 | +€43,327 | +30.6% |
| Suppliers | 440/4 | €141,777 | €185,104 | +€43,327 | +30.6% |
| Taxes, remuneration and social security | 45 | €55,069 | €34,139 | -€20,930 | -38.0% |
| Taxes | 450/3 | €17,155 | €4,887 | -€12,268 | -71.5% |
| Remuneration and social security | 454/9 | €37,914 | €29,252 | -€8,662 | -22.8% |
| Other amounts payable | 47/48 | €11,195,411 | €1,601,907 | -€9.6m | -85.7% |
| Operating income | 70/76A | €4,334,499 | €4,922,517 | +€588,017 | +13.6% |
| Turnover | 70 | €1,736,512 | €4,849,421 | +€3.1m | +179.3% |
| Other operating income | 74 | €97,222 | €73,095 | -€24,127 | -24.8% |
| Non-recurring operating income | 76A | €2,500,765 | - | -€2.5m | |
| Operating charges | 60/66A | €1,977,029 | €4,584,171 | +€2.6m | +131.9% |
| Goods for resale, raw materials and consumables | 60 | €887,850 | €3,473,908 | +€2.6m | +291.3% |
| Purchases | 600/8 | €624,041 | €1,248,802 | +€624,762 | +100.1% |
| Change in stocks: decrease (increase) | 609 | €263,809 | €2,225,106 | +€2.0m | +743.5% |
| Services and other goods | 61 | €763,946 | €704,715 | -€59,230 | -7.8% |
| Remuneration, social security and pensions | 62 | €276,884 | €260,193 | -€16,691 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,274 | €13,167 | +€893 | +7.3% |
| Other operating charges | 640/8 | €36,076 | €132,187 | +€96,112 | +266.4% |
| Operating profit (loss) | 9901 | €2,357,471 | €338,346 | -€2.0m | -85.6% |
| Financial income | 75/76B | €19,856,435 | €4,911,185 | -€14.9m | -75.3% |
| Recurring financial income | 75 | €19,714,521 | €4,911,185 | -€14.8m | -75.1% |
| Income from financial fixed assets | 750 | €18,763,910 | €3,765,699 | -€15.0m | -79.9% |
| Income from current assets | 751 | €949,417 | €1,145,404 | +€195,987 | +20.6% |
| Other financial income | 752/9 | €1,195 | €81 | -€1,114 | -93.2% |
| Non-recurring financial income | 76B | €141,913 | - | -€141,913 | |
| Financial charges | 65/66B | €21,925,023 | €1,957,172 | -€20.0m | -91.1% |
| Recurring financial charges | 65 | €3,740,497 | €1,957,172 | -€1.8m | -47.7% |
| Debt charges | 650 | €3,731,443 | €1,944,592 | -€1.8m | -47.9% |
| Other financial charges | 652/9 | €9,054 | €12,579 | +€3,526 | +38.9% |
| Non-recurring financial charges | 66B | €18,184,527 | - | -€18.2m | |
| Profit (loss) for the period before taxes | 9903 | €288,882 | €3,292,359 | +€3.0m | +1039.7% |
| Income taxes | 67/77 | €36,171 | €323 | -€35,848 | -99.1% |
| Taxes | 670/3 | €36,171 | €323 | -€35,848 | -99.1% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €252,711 | €3,292,035 | +€3.0m | +1202.7% |
| Profit (loss) for the period to be appropriated | 9905 | €252,711 | €3,292,035 | +€3.0m | +1202.7% |
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 11 October 2026 via checked.be.