S&Cie: 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&Cie
Largest movements
- Deferred charges and accrued income -€6,585
down €6,585 (-84.5%), from €7,795 to €1,210
- Cash -€6,222
down €6,222 (-26.3%), from €23,625 to €17,404
mainly Contributions, distributions and other (-€14,093) and Receivables within one year (-€6,076)
- Receivables within one year +€6,076
up €6,076 (+289%), from €2,103 to €8,180
of which Trade receivables: +€8,180
- Tangible fixed assets -€1,685
down €1,685 (-12.5%), from €13,524 to €11,839
of which Other tangible fixed assets: -€1,147
- Intangible fixed assets -€700
down €700 (-23.5%), from €2,980 to €2,280
- Reserves -€8,118
down €8,118 (-29.3%), from €27,747 to €19,629
- Tax, wage and social debts +€4,488
up €4,488 (+81.6%), from €5,498 to €9,987
of which Taxes: +€4,488
- Trade debts -€2,938
down €2,938 (-65.1%), from €4,512 to €1,574
- Current portion of long-term debt -€2,619
down €2,619 (-74.8%), from €3,500 to €880
- Other debts +€951
up €951 (+183%), from €521 to €1,472
- Gross operating margin +€8,533
up €8,533 (+191%), from €4,464 to €12,997
- Taxes +€2,480
up €2,480 (+253%), from €978 to €3,458
- Depreciation -€269
down €269 (-10.1%), from €2,654 to €2,385
- Financial charges +€241
up €241 (+137%), from €176 to €417
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 | €50,028 | €40,912 | -€9,116 | -18.2% |
| Fixed assets | 21/28 | €16,504 | €14,119 | -€2,385 | -14.5% |
| Intangible fixed assets | 21 | €2,980 | €2,280 | -€700 | -23.5% |
| Tangible fixed assets | 22/27 | €13,524 | €11,839 | -€1,685 | -12.5% |
| Furniture and vehicles | 24 | €741 | €203 | -€538 | -72.6% |
| Other tangible fixed assets | 26 | €12,783 | €11,635 | -€1,147 | -9.0% |
| Current assets | 29/58 | €33,524 | €26,793 | -€6,731 | -20.1% |
| Amounts receivable within one year | 40/41 | €2,103 | €8,180 | +€6,076 | +289% |
| Trade receivables | 40 | €0 | €8,180 | +€8,180 | |
| Other amounts receivable | 41 | €2,103 | €0 | -€2,103 | -100% |
| Cash at bank and in hand | 54/58 | €23,625 | €17,404 | -€6,222 | -26.3% |
| Deferred charges and accrued income | 490/1 | €7,795 | €1,210 | -€6,585 | -84.5% |
| Total equity and liabilities | 10/49 | €50,028 | €40,912 | -€9,116 | -18.2% |
| Equity | 10/15 | €34,747 | €26,629 | -€8,118 | -23.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €27,747 | €19,629 | -€8,118 | -29.3% |
| Distributable reserves | 133 | €27,747 | €19,629 | -€8,118 | -29.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,281 | €14,283 | -€998 | -6.5% |
| Amounts payable after more than one year | 17 | €880 | €0 | -€880 | -100% |
| Financial debts | 170/4 | €880 | €0 | -€880 | -100% |
| Amounts payable within one year | 42/48 | €14,030 | €13,913 | -€118 | -0.8% |
| Current portion of amounts payable after more than one year | 42 | €3,500 | €880 | -€2,619 | -74.8% |
| Trade debts | 44 | €4,512 | €1,574 | -€2,938 | -65.1% |
| Suppliers | 440/4 | €4,512 | €1,574 | -€2,938 | -65.1% |
| Taxes, remuneration and social security | 45 | €5,498 | €9,987 | +€4,488 | +81.6% |
| Taxes | 450/3 | €3,175 | €7,663 | +€4,488 | +141% |
| Remuneration and social security | 454/9 | €2,323 | €2,323 | = | 0.0% |
| Other amounts payable | 47/48 | €521 | €1,472 | +€951 | +183% |
| Accrued charges and deferred income | 492/3 | €370 | €370 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,654 | €2,385 | -€269 | -10.1% |
| Other operating charges | 640/8 | €784 | €763 | -€20 | -2.6% |
| Gross operating margin | 9900 | €4,464 | €12,997 | +€8,533 | +191% |
| Operating profit (loss) | 9901 | €1,027 | €9,849 | +€8,823 | +859% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €176 | €417 | +€241 | +137% |
| Recurring financial charges | 65 | €176 | €417 | +€241 | +137% |
| Profit (loss) for the period before taxes | 9903 | €850 | €9,433 | +€8,583 | +1,009% |
| Income taxes | 67/77 | €978 | €3,458 | +€2,480 | +253% |
| Profit (loss) for the period | 9904 | -€128 | €5,975 | +€6,103 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128 | €5,975 | +€6,103 |
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.