S.C. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Receivables within one year +€79,135
up €79,135 (+231%), from €34,287 to €113,422
of which Other amounts receivable: +€60,215
- Financial fixed assets -€48,000
down €48,000 (-40.4%), from €118,800 to €70,800
- Tangible fixed assets -€19,679
down €19,679 (-11.3%), from €173,764 to €154,084
- Deferred charges and accrued income -€10,294
down €10,294 (-75.6%), from €13,623 to €3,329
- Reserves +€76,326
up €76,326 (+106%), from €71,860 to €148,186
- Trade debts -€28,226
down €28,226 (-88.2%), from €31,985 to €3,759
- Debts after one year -€17,848
down €17,848 (-41.5%), from €43,023 to €25,175
- Other debts -€14,468
down €14,468 (-100%), from €14,468 to €0
- Tax, wage and social debts -€6,359
down €6,359 (-12.9%), from €49,160 to €42,802
- Financial income +€52,229
up €52,229 (+1,685%), from €3,100 to €55,329
of which Non-recurring financial income: +€52,000
- Gross operating margin +€30,146
up €30,146 (+74.2%), from €40,613 to €70,759
- Taxes +€15,094
up €15,094 (+336%), from €4,488 to €19,581
- Write-downs -€6,017
down €6,017 (-100%), from €6,017 to €0
- Depreciation +€2,688
up €2,688 (+14.1%), from €19,027 to €21,715
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 | €340,477 | €341,635 | +€1,159 | +0.3% |
| Fixed assets | 21/28 | €292,564 | €224,884 | -€67,679 | -23.1% |
| Tangible fixed assets | 22/27 | €173,764 | €154,084 | -€19,679 | -11.3% |
| Land and buildings | 22 | €137,561 | €128,369 | -€9,191 | -6.7% |
| Plant, machinery and equipment | 23 | €13,219 | €11,517 | -€1,703 | -12.9% |
| Furniture and vehicles | 24 | €22,984 | €14,198 | -€8,785 | -38.2% |
| Financial fixed assets | 28 | €118,800 | €70,800 | -€48,000 | -40.4% |
| Current assets | 29/58 | €47,913 | €116,751 | +€68,838 | +144% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €34,287 | €113,422 | +€79,135 | +231% |
| Trade receivables | 40 | €45 | €18,965 | +€18,920 | +41,914% |
| Other amounts receivable | 41 | €34,242 | €94,457 | +€60,215 | +176% |
| Cash at bank and in hand | 54/58 | €3 | €0 | -€3 | -92.5% |
| Deferred charges and accrued income | 490/1 | €13,623 | €3,329 | -€10,294 | -75.6% |
| Total equity and liabilities | 10/49 | €340,477 | €341,635 | +€1,159 | +0.3% |
| Equity | 10/15 | €166,331 | €242,657 | +€76,326 | +45.9% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €71,860 | €148,186 | +€76,326 | +106% |
| Distributable reserves | 133 | €71,860 | €148,186 | +€76,326 | +106% |
| Profit (loss) carried forward | 14 | €88,221 | €88,221 | = | 0.0% |
| Amounts payable | 17/49 | €174,145 | €98,978 | -€75,167 | -43.2% |
| Amounts payable after more than one year | 17 | €43,023 | €25,175 | -€17,848 | -41.5% |
| Financial debts | 170/4 | €43,023 | €25,175 | -€17,848 | -41.5% |
| Amounts payable within one year | 42/48 | €131,122 | €73,803 | -€57,320 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | €20,741 | €17,848 | -€2,893 | -13.9% |
| Financial debts | 43 | €14,768 | €9,394 | -€5,374 | -36.4% |
| Credit institutions | 430/8 | €14,768 | €9,394 | -€5,374 | -36.4% |
| Trade debts | 44 | €31,985 | €3,759 | -€28,226 | -88.2% |
| Suppliers | 440/4 | €31,985 | €3,759 | -€28,226 | -88.2% |
| Taxes, remuneration and social security | 45 | €49,160 | €42,802 | -€6,359 | -12.9% |
| Taxes | 450/3 | €49,160 | €42,802 | -€6,359 | -12.9% |
| Other amounts payable | 47/48 | €14,468 | €0 | -€14,468 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,027 | €21,715 | +€2,688 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,017 | €0 | -€6,017 | -100% |
| Other operating charges | 640/8 | €4,011 | €2,153 | -€1,858 | -46.3% |
| Gross operating margin | 9900 | €40,613 | €70,759 | +€30,146 | +74.2% |
| Operating profit (loss) | 9901 | €11,559 | €46,891 | +€35,332 | +306% |
| Financial income | 75/76B | €3,100 | €55,329 | +€52,229 | +1,685% |
| Recurring financial income | 75 | €3,100 | €3,329 | +€229 | +7.4% |
| Non-recurring financial income | 76B | - | €52,000 | +€52,000 | |
| Financial charges | 65/66B | €3,915 | €6,313 | +€2,398 | +61.2% |
| Recurring financial charges | 65 | €3,915 | €6,313 | +€2,398 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €10,744 | €95,907 | +€85,164 | +793% |
| Income taxes | 67/77 | €4,488 | €19,581 | +€15,094 | +336% |
| Profit (loss) for the period | 9904 | €6,256 | €76,326 | +€70,070 | +1,120% |
| Profit (loss) for the period to be appropriated | 9905 | €6,256 | €76,326 | +€70,070 | +1,120% |
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 18 October 2026 via checked.be.