S-CARS: what changed
S-CARS
Largest movements
- Cash +€8,620
up €8,620 (+57.6%), from €14,956 to €23,576
mainly Net result for the year (+€12,825) and Receivables within one year (+€5,791)
- Receivables within one year -€5,791
down €5,791 (-42.0%), from €13,787 to €7,996
of which Trade receivables: -€4,903
- Tangible fixed assets -€3,162
down €3,162 (-19.4%), from €16,331 to €13,169
- Profit (loss) carried forward +€12,825
up €12,825 (+37.6%), from -€34,078 to -€21,253
- Trade debts -€6,454
down €6,454 (-72.2%), from €8,939 to €2,485
- Other debts -€4,971
down €4,971 (-2.5%), from €199,042 to €194,071
- Gross operating margin +€17,548
up €17,548 (+137%), from €12,792 to €30,339
- Staff costs -€13,210
down €13,210 (-67.7%), from €19,508 to €6,298
- Financial income +€3,580
up €3,580 (+17,082%), from €21 to €3,601
- Other operating charges -€2,976
down €2,976 (-44.9%), from €6,622 to €3,646
- Financial charges -€1,177
down €1,177 (-13.1%), from €8,967 to €7,790
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €310,677 | €311,496 | +€819 | +0.3% |
| Fixed assets | 21/28 | €16,331 | €13,169 | -€3,162 | -19.4% |
| Tangible fixed assets | 22/27 | €16,331 | €13,169 | -€3,162 | -19.4% |
| Plant, machinery and equipment | 23 | €3,801 | €3,294 | -€507 | -13.3% |
| Furniture and vehicles | 24 | €2,614 | €1,225 | -€1,389 | -53.1% |
| Other tangible fixed assets | 26 | €9,915 | €8,649 | -€1,266 | -12.8% |
| Current assets | 29/58 | €294,347 | €298,327 | +€3,981 | +1.4% |
| Stocks and contracts in progress | 3 | €263,365 | €265,844 | +€2,479 | +0.9% |
| Stocks | 30/36 | €263,365 | €265,844 | +€2,479 | +0.9% |
| Amounts receivable within one year | 40/41 | €13,787 | €7,996 | -€5,791 | -42.0% |
| Trade receivables | 40 | €12,453 | €7,550 | -€4,903 | -39.4% |
| Other amounts receivable | 41 | €1,334 | €446 | -€888 | -66.6% |
| Cash at bank and in hand | 54/58 | €14,956 | €23,576 | +€8,620 | +57.6% |
| Deferred charges and accrued income | 490/1 | €2,239 | €912 | -€1,327 | -59.3% |
| Total equity and liabilities | 10/49 | €310,677 | €311,496 | +€819 | +0.3% |
| Equity | 10/15 | -€15,478 | -€2,653 | +€12,825 | +82.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,078 | -€21,253 | +€12,825 | +37.6% |
| Amounts payable | 17/49 | €326,155 | €314,149 | -€12,006 | -3.7% |
| Amounts payable within one year | 42/48 | €326,155 | €314,149 | -€12,006 | -3.7% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €8,939 | €2,485 | -€6,454 | -72.2% |
| Suppliers | 440/4 | €8,939 | €2,485 | -€6,454 | -72.2% |
| Advances received on contracts in progress | 46 | €12,272 | €12,272 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,902 | €5,321 | -€581 | -9.8% |
| Taxes | 450/3 | €4,459 | €5,321 | +€862 | +19.3% |
| Remuneration and social security | 454/9 | €1,443 | - | -€1,443 | |
| Other amounts payable | 47/48 | €199,042 | €194,071 | -€4,971 | -2.5% |
| Non-recurring operating income | 76A | - | €540 | +€540 | |
| Remuneration, social security and pensions | 62 | €19,508 | €6,298 | -€13,210 | -67.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,383 | €3,125 | -€258 | -7.6% |
| Other operating charges | 640/8 | €6,622 | €3,646 | -€2,976 | -44.9% |
| Gross operating margin | 9900 | €12,792 | €30,339 | +€17,548 | +137% |
| Operating profit (loss) | 9901 | -€16,722 | €17,270 | +€33,992 | |
| Financial income | 75/76B | €21 | €3,601 | +€3,580 | +17,082% |
| Recurring financial income | 75 | €21 | €3,601 | +€3,580 | +17,082% |
| Financial charges | 65/66B | €8,967 | €7,790 | -€1,177 | -13.1% |
| Recurring financial charges | 65 | €8,967 | €7,790 | -€1,177 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,668 | €13,081 | +€38,749 | |
| Income taxes | 67/77 | - | €256 | +€256 | |
| Profit (loss) for the period | 9904 | -€25,668 | €12,825 | +€38,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,668 | €12,825 | +€38,493 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.