Scotia: 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.
Scotia
Largest movements
- Current investments -€52,160
down €52,160 (-25.7%), from €203,304 to €151,144
- Cash -€17,822
down €17,822 (-41.7%), from €42,755 to €24,933
mainly Contributions, distributions and other (-€113,937) and Tax, wage and social debts (-€19,019)
- Receivables within one year -€5,033
down €5,033 (-35.8%), from €14,067 to €9,034
of which Trade receivables: -€4,943
- Reserves -€112,848
down €112,848 (-50.6%), from €222,956 to €110,109
- Other debts +€63,517
up €63,517 (+1,936%), from €3,281 to €66,798
- Tax, wage and social debts -€19,019
down €19,019 (-88.4%), from €21,519 to €2,500
- Trade debts -€5,925
down €5,925 (-63.0%), from €9,403 to €3,479
- Gross operating margin -€55,747
down €55,747, from €43,557 to -€12,190
- Taxes -€12,889
down €12,889 (-99.9%), from €12,906 to €17
- Financial income +€11,844
up €11,844 (+334%), from €3,546 to €15,390
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 | €262,160 | €187,885 | -€74,274 | -28.3% |
| Fixed assets | 21/28 | €1,497 | €2,223 | +€726 | +48.5% |
| Tangible fixed assets | 22/27 | €1,497 | €2,223 | +€726 | +48.5% |
| Furniture and vehicles | 24 | €1,497 | €2,223 | +€726 | +48.5% |
| Current assets | 29/58 | €260,662 | €185,662 | -€75,000 | -28.8% |
| Amounts receivable within one year | 40/41 | €14,067 | €9,034 | -€5,033 | -35.8% |
| Trade receivables | 40 | €4,943 | - | -€4,943 | |
| Other amounts receivable | 41 | €9,124 | €9,034 | -€90 | -1.0% |
| Current investments | 50/53 | €203,304 | €151,144 | -€52,160 | -25.7% |
| Cash at bank and in hand | 54/58 | €42,755 | €24,933 | -€17,822 | -41.7% |
| Deferred charges and accrued income | 490/1 | €537 | €552 | +€15 | +2.7% |
| Total equity and liabilities | 10/49 | €262,160 | €187,885 | -€74,274 | -28.3% |
| Equity | 10/15 | €227,956 | €115,109 | -€112,848 | -49.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €222,956 | €110,109 | -€112,848 | -50.6% |
| Distributable reserves | 133 | €222,956 | €110,109 | -€112,848 | -50.6% |
| Amounts payable | 17/49 | €34,203 | €72,777 | +€38,574 | +113% |
| Amounts payable within one year | 42/48 | €34,203 | €72,777 | +€38,574 | +113% |
| Trade debts | 44 | €9,403 | €3,479 | -€5,925 | -63.0% |
| Suppliers | 440/4 | €9,403 | €3,479 | -€5,925 | -63.0% |
| Taxes, remuneration and social security | 45 | €21,519 | €2,500 | -€19,019 | -88.4% |
| Taxes | 450/3 | €21,519 | €2,500 | -€19,019 | -88.4% |
| Other amounts payable | 47/48 | €3,281 | €66,798 | +€63,517 | +1,936% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €478 | €644 | +€165 | +34.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €164 | - | -€164 | |
| Gross operating margin | 9900 | €43,557 | -€12,190 | -€55,747 | |
| Operating profit (loss) | 9901 | €42,527 | -€13,234 | -€55,760 | |
| Financial income | 75/76B | €3,546 | €15,390 | +€11,844 | +334% |
| Recurring financial income | 75 | €3,546 | €15,390 | +€11,844 | +334% |
| Financial charges | 65/66B | €728 | €1,050 | +€321 | +44.2% |
| Recurring financial charges | 65 | €728 | €1,050 | +€321 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €45,344 | €1,107 | -€44,238 | -97.6% |
| Income taxes | 67/77 | €12,906 | €17 | -€12,889 | -99.9% |
| Profit (loss) for the period | 9904 | €32,438 | €1,090 | -€31,349 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,438 | €1,090 | -€31,349 | -96.6% |
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 20 October 2026 via checked.be.