S.C. PROJECTS: 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. PROJECTS
Largest movements
- Deferred charges and accrued income +€17,290
up €17,290 (+19,218%), from €90 to €17,380
- Receivables within one year -€14,319
down €14,319 (-78.6%), from €18,228 to €3,909
of which Trade receivables: -€12,331
- Cash +€10,546
up €10,546 (+93.0%), from €11,345 to €21,891
mainly Net result for the year (+€34,645) and Receivables within one year (+€14,319)
- Tangible fixed assets -€3,071
down €3,071 (-3.0%), from €101,914 to €98,843
of which Land and buildings: -€2,750
- Reserves +€17,876
up €17,876 (+24.7%), from €72,379 to €90,255
- Debts after one year -€12,769
no longer reported in 2025 (was €12,769)
- Tax, wage and social debts +€8,788
up €8,788 (+110%), from €7,967 to €16,755
- Current portion of long-term debt -€7,168
down €7,168 (-36.0%), from €19,938 to €12,769
- Trade debts +€3,720
up €3,720 (+30.2%), from €12,323 to €16,044
- Gross operating margin +€36,497
up €36,497 (+131%), from €27,953 to €64,450
- Taxes +€7,610
up €7,610 (+114%), from €6,668 to €14,278
- Other operating charges +€4,603
up €4,603 (+226%), from €2,039 to €6,642
- Financial charges +€1,002
up €1,002 (+31.7%), from €3,160 to €4,161
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 | €131,577 | €142,023 | +€10,446 | +7.9% |
| Fixed assets | 21/28 | €101,914 | €98,843 | -€3,071 | -3.0% |
| Tangible fixed assets | 22/27 | €101,914 | €98,843 | -€3,071 | -3.0% |
| Land and buildings | 22 | €98,313 | €95,563 | -€2,750 | -2.8% |
| Plant, machinery and equipment | 23 | €2,179 | €3,082 | +€902 | +41.4% |
| Furniture and vehicles | 24 | €371 | €198 | -€173 | -46.6% |
| Other tangible fixed assets | 26 | €1,050 | - | -€1,050 | |
| Current assets | 29/58 | €29,663 | €43,180 | +€13,517 | +45.6% |
| Amounts receivable within one year | 40/41 | €18,228 | €3,909 | -€14,319 | -78.6% |
| Trade receivables | 40 | €13,474 | €1,143 | -€12,331 | -91.5% |
| Other amounts receivable | 41 | €4,754 | €2,766 | -€1,988 | -41.8% |
| Cash at bank and in hand | 54/58 | €11,345 | €21,891 | +€10,546 | +93.0% |
| Deferred charges and accrued income | 490/1 | €90 | €17,380 | +€17,290 | +19,218% |
| Total equity and liabilities | 10/49 | €131,577 | €142,023 | +€10,446 | +7.9% |
| Equity | 10/15 | €78,579 | €96,455 | +€17,876 | +22.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,379 | €90,255 | +€17,876 | +24.7% |
| Distributable reserves | 133 | €72,379 | €90,255 | +€17,876 | +24.7% |
| Amounts payable | 17/49 | €52,998 | €45,568 | -€7,430 | -14.0% |
| Amounts payable after more than one year | 17 | €12,769 | - | -€12,769 | |
| Financial debts | 170/4 | €12,769 | - | -€12,769 | |
| Amounts payable within one year | 42/48 | €40,228 | €45,568 | +€5,340 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €19,938 | €12,769 | -€7,168 | -36.0% |
| Trade debts | 44 | €12,323 | €16,044 | +€3,720 | +30.2% |
| Suppliers | 440/4 | €12,323 | €16,044 | +€3,720 | +30.2% |
| Taxes, remuneration and social security | 45 | €7,967 | €16,755 | +€8,788 | +110% |
| Taxes | 450/3 | €7,967 | €16,755 | +€8,788 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,080 | €4,724 | +€644 | +15.8% |
| Other operating charges | 640/8 | €2,039 | €6,642 | +€4,603 | +226% |
| Gross operating margin | 9900 | €27,953 | €64,450 | +€36,497 | +131% |
| Operating profit (loss) | 9901 | €21,834 | €53,084 | +€31,251 | +143% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,160 | €4,161 | +€1,002 | +31.7% |
| Recurring financial charges | 65 | €3,160 | €4,161 | +€1,002 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €18,674 | €48,923 | +€30,249 | +162% |
| Income taxes | 67/77 | €6,668 | €14,278 | +€7,610 | +114% |
| Profit (loss) for the period | 9904 | €12,006 | €34,645 | +€22,639 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €12,006 | €34,645 | +€22,639 | +189% |
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 26 October 2026 via checked.be.