SCULEX: what changed
Two fiscal 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.
SCULEX
Largest movements
- Cash +€279,581
up €279,581 (+214.1%), from €130,575 to €410,157
mainly Net result for the year (+€720,097) and Tax, wage and social debts (+€130,800)
- Tangible fixed assets +€97,743
up €97,743 (+10.5%), from €929,121 to €1.0m
of which Land and buildings: +€117,210
- Receivables within one year +€36,175
up €36,175 (+145.6%), from €24,846 to €61,021
of which Other amounts receivable: +€36,994
- Deferred charges and accrued income +€27,241
up €27,241 (+156.9%), from €17,365 to €44,606
- Reserves +€718,430
up €718,430 (+285.2%), from €251,946 to €970,376
of which Distributable reserves: +€718,430
- Other debts -€432,667
down €432,667 (-92.7%), from €466,771 to €34,104
- Tax, wage and social debts +€130,800
up €130,800 (+257.5%), from €50,790 to €181,590
- Trade debts +€27,867
up €27,867 (+1442.6%), from €1,932 to €29,799
- Gross operating margin +€491,162
up €491,162 (+79.4%), from €618,429 to €1.1m
- Taxes +€194,740
up €194,740 (+141.1%), from €138,002 to €332,741
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,108,982 | €1,553,413 | +€444,431 | +40.1% |
| Fixed assets | 21/28 | €936,196 | €1,037,630 | +€101,433 | +10.8% |
| Tangible fixed assets | 22/27 | €929,121 | €1,026,865 | +€97,743 | +10.5% |
| Land and buildings | 22 | €862,739 | €979,949 | +€117,210 | +13.6% |
| Plant, machinery and equipment | 23 | €7,035 | €4,242 | -€2,793 | -39.7% |
| Furniture and vehicles | 24 | €59,347 | €42,674 | -€16,674 | -28.1% |
| Financial fixed assets | 28 | €7,075 | €10,765 | +€3,690 | +52.2% |
| Current assets | 29/58 | €172,786 | €515,784 | +€342,998 | +198.5% |
| Amounts receivable within one year | 40/41 | €24,846 | €61,021 | +€36,175 | +145.6% |
| Trade receivables | 40 | €819 | - | -€819 | |
| Other amounts receivable | 41 | €24,027 | €61,021 | +€36,994 | +154.0% |
| Cash at bank and in hand | 54/58 | €130,575 | €410,157 | +€279,581 | +214.1% |
| Deferred charges and accrued income | 490/1 | €17,365 | €44,606 | +€27,241 | +156.9% |
| Total equity and liabilities | 10/49 | €1,108,982 | €1,553,413 | +€444,431 | +40.1% |
| Equity | 10/15 | €585,489 | €1,303,920 | +€718,431 | +122.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €251,946 | €970,376 | +€718,430 | +285.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €250,086 | €968,516 | +€718,430 | +287.3% |
| Profit (loss) carried forward | 14 | €321,143 | €321,144 | +€1 | 0.0% |
| Amounts payable | 17/49 | €523,493 | €249,494 | -€274,000 | -52.3% |
| Amounts payable within one year | 42/48 | €519,493 | €245,494 | -€274,000 | -52.7% |
| Trade debts | 44 | €1,932 | €29,799 | +€27,867 | +1442.6% |
| Suppliers | 440/4 | €1,932 | €29,799 | +€27,867 | +1442.6% |
| Taxes, remuneration and social security | 45 | €50,790 | €181,590 | +€130,800 | +257.5% |
| Taxes | 450/3 | €50,790 | €181,590 | +€130,800 | +257.5% |
| Other amounts payable | 47/48 | €466,771 | €34,104 | -€432,667 | -92.7% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,919 | €52,274 | +€5,355 | +11.4% |
| Other operating charges | 640/8 | €8,057 | €3,966 | -€4,091 | -50.8% |
| Gross operating margin | 9900 | €618,429 | €1,109,591 | +€491,162 | +79.4% |
| Operating profit (loss) | 9901 | €563,453 | €1,053,351 | +€489,899 | +86.9% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €1,950 | €517 | -€1,433 | -73.5% |
| Recurring financial charges | 65 | €1,950 | €517 | -€1,433 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €561,502 | €1,052,838 | +€491,336 | +87.5% |
| Income taxes | 67/77 | €138,002 | €332,741 | +€194,740 | +141.1% |
| Profit (loss) for the period | 9904 | €423,500 | €720,097 | +€296,596 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €423,500 | €720,097 | +€296,596 | +70.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.