S & C SERVICES: what changed
Two fiscal 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 SERVICES
Largest movements
- Tangible fixed assets +€40,281
up €40,281 (+251.8%), from €16,000 to €56,280
of which Furniture and vehicles: +€38,600
- Current investments +€25,000
new in 2025: €25,000
- Cash -€23,737
down €23,737 (-85.8%), from €27,681 to €3,944
mainly Investment in fixed assets (net) (-€46,762) and Current investments (-€25,000)
- Receivables within one year +€17,828
up €17,828 (+70.1%), from €25,415 to €43,244
of which Trade receivables: +€13,691
- Debts after one year +€31,216
new in 2025: €31,216
- Reserves +€26,349
up €26,349 (+67.1%), from €39,253 to €65,603
of which Distributable reserves: +€26,349
- Trade debts -€7,840
no longer reported in 2025 (was €7,840)
- Current portion of long-term debt +€6,401
up €6,401 (+557.6%), from €1,148 to €7,548
- Tax, wage and social debts +€3,247
up €3,247 (+95.4%), from €3,402 to €6,649
- Staff costs -€48,275
no longer reported in 2025 (was €48,275)
- Taxes +€15,416
up €15,416 (+460.2%), from €3,350 to €18,766
- Gross operating margin +€3,383
up €3,383 (+5.6%), from €60,753 to €64,136
- Depreciation +€1,493
up €1,493 (+29.9%), from €4,989 to €6,482
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.
Cash bridge derived
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 | €69,096 | €128,468 | +€59,373 | +85.9% |
| Fixed assets | 21/28 | €16,000 | €56,280 | +€40,281 | +251.8% |
| Tangible fixed assets | 22/27 | €16,000 | €56,280 | +€40,281 | +251.8% |
| Plant, machinery and equipment | 23 | - | €2,316 | +€2,316 | |
| Furniture and vehicles | 24 | €12,811 | €51,411 | +€38,600 | +301.3% |
| Other tangible fixed assets | 26 | €3,188 | €2,552 | -€636 | -19.9% |
| Current assets | 29/58 | €53,096 | €72,188 | +€19,092 | +36.0% |
| Amounts receivable within one year | 40/41 | €25,415 | €43,244 | +€17,828 | +70.1% |
| Trade receivables | 40 | €12,074 | €25,765 | +€13,691 | +113.4% |
| Other amounts receivable | 41 | €13,341 | €17,478 | +€4,137 | +31.0% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €27,681 | €3,944 | -€23,737 | -85.8% |
| Total equity and liabilities | 10/49 | €69,096 | €128,468 | +€59,373 | +85.9% |
| Equity | 10/15 | €56,705 | €83,054 | +€26,349 | +46.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,253 | €65,603 | +€26,349 | +67.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,393 | €63,743 | +€26,349 | +70.5% |
| Profit (loss) carried forward | 14 | €11,252 | €11,252 | = | 0.0% |
| Amounts payable | 17/49 | €12,391 | €45,414 | +€33,023 | +266.5% |
| Amounts payable after more than one year | 17 | - | €31,216 | +€31,216 | |
| Financial debts | 170/4 | - | €31,216 | +€31,216 | |
| Amounts payable within one year | 42/48 | €12,391 | €14,198 | +€1,807 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €1,148 | €7,548 | +€6,401 | +557.6% |
| Trade debts | 44 | €7,840 | - | -€7,840 | |
| Suppliers | 440/4 | €7,840 | - | -€7,840 | |
| Taxes, remuneration and social security | 45 | €3,402 | €6,649 | +€3,247 | +95.4% |
| Taxes | 450/3 | €3,402 | €6,649 | +€3,247 | +95.4% |
| Non-recurring operating income | 76A | - | €1,826 | +€1,826 | |
| Remuneration, social security and pensions | 62 | €48,275 | - | -€48,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,989 | €6,482 | +€1,493 | +29.9% |
| Other operating charges | 640/8 | €1,124 | €1,203 | +€79 | +7.0% |
| Gross operating margin | 9900 | €60,753 | €64,136 | +€3,383 | +5.6% |
| Operating profit (loss) | 9901 | €6,365 | €56,452 | +€50,087 | +786.9% |
| Financial income | 75/76B | €1,318 | €834 | -€485 | -36.8% |
| Recurring financial income | 75 | €1,318 | €834 | -€485 | -36.8% |
| Financial charges | 65/66B | €94 | €667 | +€573 | +611.3% |
| Recurring financial charges | 65 | €94 | €667 | +€573 | +611.3% |
| Profit (loss) for the period before taxes | 9903 | €7,590 | €56,619 | +€49,029 | +646.0% |
| Income taxes | 67/77 | €3,350 | €18,766 | +€15,416 | +460.2% |
| Profit (loss) for the period | 9904 | €4,240 | €37,853 | +€33,613 | +792.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,240 | €37,853 | +€33,613 | +792.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.