S.C. CONSTRUCT: 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.
S.C. CONSTRUCT
Largest movements
- Receivables within one year +€119,391
up €119,391 (+110.6%), from €107,982 to €227,373
of which Trade receivables: +€115,952
- Tangible fixed assets -€12,427
down €12,427 (-30.2%), from €41,091 to €28,665
- Cash +€9,978
up €9,978 (+513.2%), from €1,944 to €11,922
mainly Trade debts (+€99,977) and Net result for the year (+€18,327)
- Trade debts +€99,977
up €99,977 (+91.4%), from €109,375 to €209,352
- Profit (loss) carried forward +€18,327
up €18,327 (+269.2%), from €6,809 to €25,135
- Debts after one year -€9,118
down €9,118 (-38.2%), from €23,881 to €14,763
- Tax, wage and social debts +€7,519
up €7,519 (+302.7%), from €2,484 to €10,002
of which Taxes: +€4,294
- Gross operating margin +€94,888
up €94,888 (+507.3%), from €18,705 to €113,593
- Staff costs +€67,442
up €67,442 (+1286.8%), from €5,241 to €72,683
- Taxes +€4,021
up €4,021 (+509.9%), from €789 to €4,809
- Depreciation -€3,280
down €3,280 (-25.5%), from €12,848 to €9,568
- Financial charges +€3,228
up €3,228 (+129.5%), from €2,493 to €5,721
of which Non-recurring financial charges: +€3,427
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 | €152,599 | €269,571 | +€116,972 | +76.7% |
| Fixed assets | 21/28 | €41,091 | €28,665 | -€12,427 | -30.2% |
| Tangible fixed assets | 22/27 | €41,091 | €28,665 | -€12,427 | -30.2% |
| Furniture and vehicles | 24 | €41,091 | €28,665 | -€12,427 | -30.2% |
| Current assets | 29/58 | €111,508 | €240,907 | +€129,399 | +116.0% |
| Amounts receivable within one year | 40/41 | €107,982 | €227,373 | +€119,391 | +110.6% |
| Trade receivables | 40 | €99,023 | €214,975 | +€115,952 | +117.1% |
| Other amounts receivable | 41 | €8,959 | €12,398 | +€3,439 | +38.4% |
| Cash at bank and in hand | 54/58 | €1,944 | €11,922 | +€9,978 | +513.2% |
| Deferred charges and accrued income | 490/1 | €1,581 | €1,612 | +€30 | +1.9% |
| Total equity and liabilities | 10/49 | €152,599 | €269,571 | +€116,972 | +76.7% |
| Equity | 10/15 | €8,009 | €26,335 | +€18,327 | +228.8% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,809 | €25,135 | +€18,327 | +269.2% |
| Amounts payable | 17/49 | €144,590 | €243,236 | +€98,646 | +68.2% |
| Amounts payable after more than one year | 17 | €23,881 | €14,763 | -€9,118 | -38.2% |
| Financial debts | 170/4 | €23,881 | €14,763 | -€9,118 | -38.2% |
| Amounts payable within one year | 42/48 | €120,709 | €228,472 | +€107,764 | +89.3% |
| Current portion of amounts payable after more than one year | 42 | €8,578 | €9,118 | +€540 | +6.3% |
| Trade debts | 44 | €109,375 | €209,352 | +€99,977 | +91.4% |
| Suppliers | 440/4 | €109,375 | €209,352 | +€99,977 | +91.4% |
| Taxes, remuneration and social security | 45 | €2,484 | €10,002 | +€7,519 | +302.7% |
| Taxes | 450/3 | €1,303 | €5,598 | +€4,294 | +329.5% |
| Remuneration and social security | 454/9 | €1,180 | €4,405 | +€3,224 | +273.2% |
| Other amounts payable | 47/48 | €272 | - | -€272 | |
| Remuneration, social security and pensions | 62 | €5,241 | €72,683 | +€67,442 | +1286.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,848 | €9,568 | -€3,280 | -25.5% |
| Other operating charges | 640/8 | €1,796 | €2,572 | +€776 | +43.2% |
| Gross operating margin | 9900 | €18,705 | €113,593 | +€94,888 | +507.3% |
| Operating profit (loss) | 9901 | -€1,180 | €28,770 | +€29,950 | |
| Financial income | 75/76B | €38 | €87 | +€49 | +127.3% |
| Recurring financial income | 75 | €38 | €87 | +€49 | +127.3% |
| Financial charges | 65/66B | €2,493 | €5,721 | +€3,228 | +129.5% |
| Recurring financial charges | 65 | €2,493 | €2,294 | -€199 | -8.0% |
| Non-recurring financial charges | 66B | - | €3,427 | +€3,427 | |
| Profit (loss) for the period before taxes | 9903 | -€3,635 | €23,136 | +€26,771 | |
| Income taxes | 67/77 | €789 | €4,809 | +€4,021 | +509.9% |
| Profit (loss) for the period | 9904 | -€4,423 | €18,327 | +€22,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,423 | €18,327 | +€22,750 |
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.