S & C HOLDING: 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 HOLDING
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,151
down €5,151 (-21.3%), from €24,221 to €19,070
- Taxes -€1,270
down €1,270 (-32.7%), from €3,883 to €2,613
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 | €2,726,235 | €2,734,702 | +€8,467 | +0.3% |
| Fixed assets | 21/28 | €2,688,229 | €2,680,010 | -€8,219 | -0.3% |
| Tangible fixed assets | 22/27 | €17,429 | €9,210 | -€8,219 | -47.2% |
| Furniture and vehicles | 24 | €17,429 | €9,210 | -€8,219 | -47.2% |
| Financial fixed assets | 28 | €2,670,800 | €2,670,800 | = | 0.0% |
| Current assets | 29/58 | €38,007 | €54,693 | +€16,686 | +43.9% |
| Amounts receivable within one year | 40/41 | €2,413 | €1,660 | -€753 | -31.2% |
| Other amounts receivable | 41 | €2,413 | €1,660 | -€753 | -31.2% |
| Cash at bank and in hand | 54/58 | €35,298 | €52,717 | +€17,420 | +49.4% |
| Deferred charges and accrued income | 490/1 | €295 | €315 | +€20 | +6.6% |
| Total equity and liabilities | 10/49 | €2,726,235 | €2,734,702 | +€8,467 | +0.3% |
| Equity | 10/15 | €2,702,499 | €2,709,013 | +€6,514 | +0.2% |
| Contributions | 10/11 | €2,708,000 | €2,708,000 | = | 0.0% |
| Reserves | 13 | - | €1,013 | +€1,013 | |
| Distributable reserves | 133 | - | €1,013 | +€1,013 | |
| Profit (loss) carried forward | 14 | -€5,501 | €0 | +€5,501 | |
| Amounts payable | 17/49 | €23,736 | €25,689 | +€1,953 | +8.2% |
| Amounts payable within one year | 42/48 | €23,736 | €25,689 | +€1,953 | +8.2% |
| Trade debts | 44 | €160 | €309 | +€149 | +93.2% |
| Suppliers | 440/4 | €160 | €309 | +€149 | +93.2% |
| Taxes, remuneration and social security | 45 | €1,194 | €2,550 | +€1,356 | +114% |
| Taxes | 450/3 | €1,194 | €2,550 | +€1,356 | +114% |
| Other amounts payable | 47/48 | €22,383 | €22,830 | +€448 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,219 | €8,219 | = | 0.0% |
| Other operating charges | 640/8 | €1,171 | €1,206 | +€36 | +3.0% |
| Gross operating margin | 9900 | €24,221 | €19,070 | -€5,151 | -21.3% |
| Operating profit (loss) | 9901 | €14,832 | €9,645 | -€5,186 | -35.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €512 | €518 | +€6 | +1.1% |
| Recurring financial charges | 65 | €512 | €518 | +€6 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €14,319 | €9,127 | -€5,192 | -36.3% |
| Income taxes | 67/77 | €3,883 | €2,613 | -€1,270 | -32.7% |
| Profit (loss) for the period | 9904 | €10,436 | €6,514 | -€3,922 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,436 | €6,514 | -€3,922 | -37.6% |
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.