S&C Consulting: what changed
What changed
S&C Consulting
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€37,633
2024 · €26,446+€11,187
Equity
€214,202
2024 · €176,569+€37,633
Cash
€12,572
2024 · €7,326+€5,247
Balance sheet total
€455,781
2024 · €440,946+€14,835
Largest movements
Assets
- Stocks and contracts +€11,881
up €11,881 (+3.0%), from €402,451 to €414,331
- Cash +€5,247
up €5,247 (+71.6%), from €7,326 to €12,572
mainly Net result for the year (+€37,633) and Trade debts (+€13,670)
- Tangible fixed assets -€4,638
down €4,638 (-32.4%), from €14,320 to €9,682
of which Plant, machinery and equipment: -€3,167
Equity and liabilities
- Reserves +€37,633
up €37,633 (+21.6%), from €174,569 to €212,202
- Current portion of long-term debt -€29,384
down €29,384 (-91.7%), from €32,037 to €2,653
- Trade debts +€13,670
up €13,670 (+39.7%), from €34,470 to €48,140
- Short-term financial debts -€5,000
down €5,000 (-7.7%), from €65,000 to €60,000
Income statement
- Gross operating margin +€11,267
up €11,267 (+16.1%), from €70,131 to €81,398
- Taxes +€5,619
up €5,619 (+44.7%), from €12,582 to €18,201
- Depreciation -€3,993
down €3,993 (-32.7%), from €12,220 to €8,227
- Financial charges -€3,929
down €3,929 (-19.5%), from €20,151 to €16,222
- Financial income -€2,790
down €2,790 (-81.9%), from €3,407 to €617
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,446
Gross operating margin
+€11,267
Depreciation
+€3,993
Other operating charges
-€423
Other operating items
+€831
Financial income
-€2,790
Financial charges
+€3,929
Taxes
-€5,619
Result 2025
€37,633
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€45,555
Investment
-€3,272
Financing
-€37,037
Cash 2024
€7,326
From operations (derived)
+€45,555
Net result for the year
+€37,633
Depreciation
+€8,227
Stocks and contracts
-€11,881
Receivables within one year
-€4,462
Deferred charges and accrued income
+€1,799
Trade debts
+€13,670
Tax, wage and social debts
-€2,252
Other debts
+€4,046
Accrued charges and deferred income
-€1,225
Investment (derived)
-€3,272
Investment in fixed assets (net)
-€3,272
Financing
-€37,037
Debts after one year
-€2,653
Current portion of long-term debt
-€29,384
Short-term financial debts
-€5,000
Cash 2025
€12,572
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,946 | €455,781 | +€14,835 | +3.4% |
| Fixed assets | 21/28 | €21,991 | €17,035 | -€4,956 | -22.5% |
| Intangible fixed assets | 21 | €335 | €17 | -€317 | -94.8% |
| Tangible fixed assets | 22/27 | €14,320 | €9,682 | -€4,638 | -32.4% |
| Plant, machinery and equipment | 23 | €10,960 | €7,793 | -€3,167 | -28.9% |
| Furniture and vehicles | 24 | €3,360 | €1,889 | -€1,471 | -43.8% |
| Financial fixed assets | 28 | €7,336 | €7,336 | = | 0.0% |
| Current assets | 29/58 | €418,955 | €438,746 | +€19,790 | +4.7% |
| Stocks and contracts in progress | 3 | €402,451 | €414,331 | +€11,881 | +3.0% |
| Stocks | 30/36 | €402,451 | €414,331 | +€11,881 | +3.0% |
| Amounts receivable within one year | 40/41 | €3,985 | €8,448 | +€4,462 | +112% |
| Trade receivables | 40 | €1,915 | €8,448 | +€6,532 | +341% |
| Other amounts receivable | 41 | €2,070 | €0 | -€2,070 | -100% |
| Cash at bank and in hand | 54/58 | €7,326 | €12,572 | +€5,247 | +71.6% |
| Deferred charges and accrued income | 490/1 | €5,194 | €3,394 | -€1,799 | -34.6% |
| Total equity and liabilities | 10/49 | €440,946 | €455,781 | +€14,835 | +3.4% |
| Equity | 10/15 | €176,569 | €214,202 | +€37,633 | +21.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €174,569 | €212,202 | +€37,633 | +21.6% |
| Distributable reserves | 133 | €174,569 | €212,202 | +€37,633 | +21.6% |
| Amounts payable | 17/49 | €264,377 | €241,579 | -€22,798 | -8.6% |
| Amounts payable after more than one year | 17 | €2,653 | €0 | -€2,653 | -100% |
| Financial debts | 170/4 | €2,653 | €0 | -€2,653 | -100% |
| Amounts payable within one year | 42/48 | €260,498 | €241,579 | -€18,920 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €32,037 | €2,653 | -€29,384 | -91.7% |
| Financial debts | 43 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Credit institutions | 430/8 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Trade debts | 44 | €34,470 | €48,140 | +€13,670 | +39.7% |
| Suppliers | 440/4 | €34,470 | €48,140 | +€13,670 | +39.7% |
| Taxes, remuneration and social security | 45 | €10,367 | €8,115 | -€2,252 | -21.7% |
| Taxes | 450/3 | €10,367 | €8,115 | -€2,252 | -21.7% |
| Other amounts payable | 47/48 | €118,624 | €122,670 | +€4,046 | +3.4% |
| Accrued charges and deferred income | 492/3 | €1,225 | €0 | -€1,225 | -100% |
| Non-recurring operating income | 76A | €2,849 | €0 | -€2,849 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,220 | €8,227 | -€3,993 | -32.7% |
| Other operating charges | 640/8 | €1,309 | €1,732 | +€423 | +32.3% |
| Non-recurring operating charges | 66A | €831 | €0 | -€831 | -100% |
| Gross operating margin | 9900 | €70,131 | €81,398 | +€11,267 | +16.1% |
| Operating profit (loss) | 9901 | €55,771 | €71,438 | +€15,667 | +28.1% |
| Financial income | 75/76B | €3,407 | €617 | -€2,790 | -81.9% |
| Recurring financial income | 75 | €3,407 | €617 | -€2,790 | -81.9% |
| Financial charges | 65/66B | €20,151 | €16,222 | -€3,929 | -19.5% |
| Recurring financial charges | 65 | €20,151 | €16,222 | -€3,929 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €39,028 | €55,834 | +€16,806 | +43.1% |
| Income taxes | 67/77 | €12,582 | €18,201 | +€5,619 | +44.7% |
| Profit (loss) for the period | 9904 | €26,446 | €37,633 | +€11,187 | +42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,446 | €37,633 | +€11,187 | +42.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.