SCABEL: 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
SCABEL
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€253,702
2024 · €261,871-€8,170
Equity
€1.8m
2024 · €1.5m+€253,702
Cash
€192.2m
2024 · €142.2m+€50.0m
Balance sheet total
€600.5m
2024 · €512.3m+€88.2m
Largest movements
Assets
- Cash +€50.0m
up €50.0m (+35.2%), from €142.2m to €192.2m
mainly Trade debts (+€88.2m) and Depreciation (+€1.1m)
- Receivables within one year +€38.4m
up €38.4m (+10.5%), from €367.1m to €405.5m
of which Trade receivables: +€24.4m
Equity and liabilities
- Trade debts +€88.2m
up €88.2m (+17.3%), from €510.0m to €598.2m
Income statement
- Goods and materials +€273.8m
up €273.8m (+4.7%), from €5.78bn to €6.06bn
- Turnover +€270.8m
up €270.8m (+4.7%), from €5.80bn to €6.07bn
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
€261,871
Turnover
+€270.8m
Other operating income
+€12.6m
Goods and materials
-€273.8m
Services and other goods
+€385,894
Staff costs
-€1,259
Depreciation
-€177,163
Other operating charges
-€9.9m
Financial income
-€38,674
Financial charges
+€13,018
Taxes
+€61
Result 2025
€253,702
raises the resultlowers the result
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.
From operations
+€50.9m
Investment
-€903,788
Financing
€0
Cash 2024
€142.2m
From operations (derived)
+€50.9m
Net result for the year
+€253,702
Depreciation
+€1.1m
Receivables within one year
-€38.4m
Smaller working-capital items
-€140,198
Trade debts
+€88.2m
Investment (derived)
-€903,788
Investment in fixed assets (net)
-€903,788
Cash 2025
€192.2m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €512,288,976 | €600,474,277 | +€88.2m | +17.2% |
| Fixed assets | 21/28 | €2,391,078 | €2,244,336 | -€146,741 | -6.1% |
| Intangible fixed assets | 21 | €2,135,155 | €1,928,452 | -€206,703 | -9.7% |
| Tangible fixed assets | 22/27 | €137,694 | €197,655 | +€59,961 | +43.5% |
| Furniture and vehicles | 24 | €52,501 | €127,198 | +€74,697 | +142% |
| Other tangible fixed assets | 26 | €85,193 | €70,457 | -€14,736 | -17.3% |
| Financial fixed assets | 28 | €118,229 | €118,229 | = | 0.0% |
| Affiliated companies | 280/1 | €98,000 | €98,000 | = | 0.0% |
| Participating interests | 280 | €98,000 | €98,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €20,229 | €20,229 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,229 | €20,229 | = | 0.0% |
| Current assets | 29/58 | €509,897,898 | €598,229,941 | +€88.3m | +17.3% |
| Amounts receivable within one year | 40/41 | €367,104,173 | €405,521,623 | +€38.4m | +10.5% |
| Trade receivables | 40 | €42,016,980 | €66,385,406 | +€24.4m | +58.0% |
| Other amounts receivable | 41 | €325,087,193 | €339,136,217 | +€14.0m | +4.3% |
| Cash at bank and in hand | 54/58 | €142,210,335 | €192,214,146 | +€50.0m | +35.2% |
| Deferred charges and accrued income | 490/1 | €583,391 | €494,172 | -€89,218 | -15.3% |
| Total equity and liabilities | 10/49 | €512,288,976 | €600,474,277 | +€88.2m | +17.2% |
| Equity | 10/15 | €1,509,763 | €1,763,465 | +€253,702 | +16.8% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,179,763 | €1,433,465 | +€253,702 | +21.5% |
| Amounts payable | 17/49 | €510,779,213 | €598,710,813 | +€87.9m | +17.2% |
| Amounts payable within one year | 42/48 | €510,757,120 | €598,709,340 | +€88.0m | +17.2% |
| Trade debts | 44 | €510,020,358 | €598,181,373 | +€88.2m | +17.3% |
| Suppliers | 440/4 | €510,020,358 | €598,181,373 | +€88.2m | +17.3% |
| Taxes, remuneration and social security | 45 | €736,763 | €527,967 | -€208,796 | -28.3% |
| Taxes | 450/3 | €219,927 | €79,581 | -€140,345 | -63.8% |
| Remuneration and social security | 454/9 | €516,836 | €448,385 | -€68,451 | -13.2% |
| Accrued charges and deferred income | 492/3 | €22,093 | €1,473 | -€20,620 | -93.3% |
| Operating income | 70/76A | €5,812,901,295 | €6,096,379,076 | +€283.5m | +4.9% |
| Turnover | 70 | €5,797,093,318 | €6,067,930,669 | +€270.8m | +4.7% |
| Other operating income | 74 | €15,807,977 | €28,448,407 | +€12.6m | +80.0% |
| Operating charges | 60/66A | €5,812,551,847 | €6,096,012,203 | +€283.5m | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €5,784,610,473 | €6,058,391,961 | +€273.8m | +4.7% |
| Purchases | 600/8 | €5,784,610,473 | €6,058,391,961 | +€273.8m | +4.7% |
| Services and other goods | 61 | €12,587,926 | €12,202,031 | -€385,894 | -3.1% |
| Remuneration, social security and pensions | 62 | €3,105,485 | €3,106,744 | +€1,259 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €873,367 | €1,050,530 | +€177,163 | +20.3% |
| Other operating charges | 640/8 | €11,374,596 | €21,260,938 | +€9.9m | +86.9% |
| Operating profit (loss) | 9901 | €349,447 | €366,873 | +€17,426 | +5.0% |
| Financial income | 75/76B | €100,475 | €61,801 | -€38,674 | -38.5% |
| Recurring financial income | 75 | €100,475 | €61,801 | -€38,674 | -38.5% |
| Income from current assets | 751 | €34,541 | €32,898 | -€1,643 | -4.8% |
| Other financial income | 752/9 | €65,934 | €28,903 | -€37,030 | -56.2% |
| Financial charges | 65/66B | €66,303 | €53,286 | -€13,018 | -19.6% |
| Recurring financial charges | 65 | €66,303 | €53,286 | -€13,018 | -19.6% |
| Debt charges | 650 | €35,743 | €20,447 | -€15,296 | -42.8% |
| Other financial charges | 652/9 | €30,560 | €32,839 | +€2,278 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €383,619 | €375,388 | -€8,230 | -2.1% |
| Income taxes | 67/77 | €121,748 | €121,687 | -€61 | 0.0% |
| Taxes | 670/3 | €127,917 | €121,687 | -€6,231 | -4.9% |
| Tax adjustments and reversals of tax provisions | 77 | €6,170 | - | -€6,170 | |
| Profit (loss) for the period | 9904 | €261,871 | €253,702 | -€8,170 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €261,871 | €253,702 | -€8,170 | -3.1% |
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 17 October 2026 via checked.be.