S.C.D.: 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.D.
Largest movements
- Receivables within one year +€23,145
up €23,145 (+15.8%), from €146,937 to €170,082
of which Trade receivables: +€16,700
- Stocks and contracts +€3,015
up €3,015 (+5.5%), from €54,987 to €58,002
- Tax, wage and social debts +€33,701
up €33,701 (+75.3%), from €44,729 to €78,430
of which Taxes: +€26,612
- Short-term financial debts -€14,723
down €14,723 (-45.8%), from €32,122 to €17,399
- Reserves +€14,500
up €14,500 (+31.9%), from €45,500 to €60,000
- Trade debts -€13,008
down €13,008 (-24.6%), from €52,868 to €39,860
- Other debts +€5,000
up €5,000 (+69.4%), from €7,200 to €12,200
- Gross operating margin +€6,848
up €6,848 (+4.7%), from €145,861 to €152,709
- Staff costs -€3,188
down €3,188 (-2.5%), from €129,355 to €126,167
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 | €203,981 | €228,765 | +€24,784 | +12.2% |
| Fixed assets | 21/28 | €967 | €301 | -€666 | -68.9% |
| Tangible fixed assets | 22/27 | €967 | €301 | -€666 | -68.9% |
| Furniture and vehicles | 24 | €967 | €301 | -€666 | -68.9% |
| Current assets | 29/58 | €203,014 | €228,464 | +€25,450 | +12.5% |
| Stocks and contracts in progress | 3 | €54,987 | €58,002 | +€3,015 | +5.5% |
| Stocks | 30/36 | €54,987 | €58,002 | +€3,015 | +5.5% |
| Amounts receivable within one year | 40/41 | €146,937 | €170,082 | +€23,145 | +15.8% |
| Trade receivables | 40 | €79,433 | €96,133 | +€16,700 | +21.0% |
| Other amounts receivable | 41 | €67,504 | €73,949 | +€6,445 | +9.5% |
| Cash at bank and in hand | 54/58 | €380 | €380 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €710 | - | -€710 | |
| Total equity and liabilities | 10/49 | €203,981 | €228,765 | +€24,784 | +12.2% |
| Equity | 10/15 | €66,400 | €80,876 | +€14,476 | +21.8% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €45,500 | €60,000 | +€14,500 | +31.9% |
| Distributable reserves | 133 | €45,500 | €60,000 | +€14,500 | +31.9% |
| Profit (loss) carried forward | 14 | €449 | €425 | -€24 | -5.3% |
| Amounts payable | 17/49 | €137,581 | €147,889 | +€10,308 | +7.5% |
| Amounts payable within one year | 42/48 | €137,581 | €147,889 | +€10,308 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €662 | - | -€662 | |
| Financial debts | 43 | €32,122 | €17,399 | -€14,723 | -45.8% |
| Credit institutions | 430/8 | €32,122 | €17,399 | -€14,723 | -45.8% |
| Trade debts | 44 | €52,868 | €39,860 | -€13,008 | -24.6% |
| Suppliers | 440/4 | €52,868 | €39,860 | -€13,008 | -24.6% |
| Taxes, remuneration and social security | 45 | €44,729 | €78,430 | +€33,701 | +75.3% |
| Taxes | 450/3 | €26,008 | €52,620 | +€26,612 | +102% |
| Remuneration and social security | 454/9 | €18,721 | €25,810 | +€7,089 | +37.9% |
| Other amounts payable | 47/48 | €7,200 | €12,200 | +€5,000 | +69.4% |
| Remuneration, social security and pensions | 62 | €129,355 | €126,167 | -€3,188 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €765 | €666 | -€99 | -12.9% |
| Other operating charges | 640/8 | €5,413 | €4,804 | -€609 | -11.3% |
| Gross operating margin | 9900 | €145,861 | €152,709 | +€6,848 | +4.7% |
| Operating profit (loss) | 9901 | €10,328 | €21,072 | +€10,744 | +104% |
| Financial income | 75/76B | €248 | €151 | -€97 | -39.1% |
| Recurring financial income | 75 | €248 | €151 | -€97 | -39.1% |
| Financial charges | 65/66B | €7,034 | €6,606 | -€428 | -6.1% |
| Recurring financial charges | 65 | €7,034 | €6,606 | -€428 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €3,542 | €14,617 | +€11,075 | +313% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +0.7% |
| Profit (loss) for the period | 9904 | €3,402 | €14,476 | +€11,074 | +326% |
| Profit (loss) for the period to be appropriated | 9905 | €3,402 | €14,476 | +€11,074 | +326% |
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 22 October 2026 via checked.be.