S-CONCEPT: 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.
What changed
S-CONCEPT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€87,003
2024 · €78,070+€8,933
Equity
€293,640
2024 · €286,636+€7,003
Cash
€22,169
2024 · €20,022+€2,146
Balance sheet total
€1.7m
2024 · €1.8m-€62,736
Largest movements
Assets
- Tangible fixed assets -€70,000
down €70,000 (-4.0%), from €1.8m to €1.7m
Equity and liabilities
- Debts after one year -€147,241
down €147,241 (-14.0%), from €1.0m to €901,967
- Other debts +€73,758
up €73,758 (+27.1%), from €272,442 to €346,200
Income statement
- Financial charges -€8,710
down €8,710 (-19.7%), from €44,164 to €35,455
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.
Result 2024
€78,070
Gross operating margin
+€343
Other operating charges
-€475
Financial income
+€0
Financial charges
+€8,710
Taxes
+€356
Result 2025
€87,003
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.
From operations
+€223,913
Investment
€0
Financing
-€221,767
Cash 2024
€20,022
From operations (derived)
+€223,913
Net result for the year
+€87,003
Depreciation
+€70,000
Receivables within one year
-€8,974
Deferred charges and accrued income
+€3,856
Provisions
-€864
Trade debts
-€1,027
Smaller working-capital items
+€160
Other debts
+€73,758
Financing
-€221,767
Debts after one year
-€147,241
Current portion of long-term debt
+€5,474
Contributions, distributions and other
-€80,000
Cash 2025
€22,169
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,798,917 | €1,736,181 | -€62,736 | -3.5% |
| Fixed assets | 21/28 | €1,768,930 | €1,698,930 | -€70,000 | -4.0% |
| Tangible fixed assets | 22/27 | €1,768,930 | €1,698,930 | -€70,000 | -4.0% |
| Land and buildings | 22 | €1,768,930 | €1,698,930 | -€70,000 | -4.0% |
| Current assets | 29/58 | €29,987 | €37,251 | +€7,264 | +24.2% |
| Amounts receivable within one year | 40/41 | €689 | €9,663 | +€8,974 | +1302.8% |
| Other amounts receivable | 41 | €689 | €9,663 | +€8,974 | +1302.8% |
| Cash at bank and in hand | 54/58 | €20,022 | €22,169 | +€2,146 | +10.7% |
| Deferred charges and accrued income | 490/1 | €9,276 | €5,420 | -€3,856 | -41.6% |
| Total equity and liabilities | 10/49 | €1,798,917 | €1,736,181 | -€62,736 | -3.5% |
| Equity | 10/15 | €286,636 | €293,640 | +€7,003 | +2.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €236,636 | €243,640 | +€7,003 | +3.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,222 | €46,631 | -€2,591 | -5.3% |
| Distributable reserves | 133 | €182,415 | €192,008 | +€9,594 | +5.3% |
| Provisions and deferred taxes | 16 | €16,407 | €15,544 | -€864 | -5.3% |
| Deferred taxes | 168 | €16,407 | €15,544 | -€864 | -5.3% |
| Amounts payable | 17/49 | €1,495,873 | €1,426,998 | -€68,875 | -4.6% |
| Amounts payable after more than one year | 17 | €1,049,208 | €901,967 | -€147,241 | -14.0% |
| Financial debts | 170/4 | €1,049,208 | €901,967 | -€147,241 | -14.0% |
| Amounts payable within one year | 42/48 | €444,613 | €522,887 | +€78,274 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €141,767 | €147,241 | +€5,474 | +3.9% |
| Trade debts | 44 | €21,707 | €20,680 | -€1,027 | -4.7% |
| Suppliers | 440/4 | €21,707 | €20,680 | -€1,027 | -4.7% |
| Taxes, remuneration and social security | 45 | €8,698 | €8,766 | +€68 | +0.8% |
| Taxes | 450/3 | €8,698 | €8,766 | +€68 | +0.8% |
| Other amounts payable | 47/48 | €272,442 | €346,200 | +€73,758 | +27.1% |
| Accrued charges and deferred income | 492/3 | €2,053 | €2,144 | +€92 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,000 | €70,000 | = | 0.0% |
| Other operating charges | 640/8 | €15,116 | €15,591 | +€475 | +3.1% |
| Gross operating margin | 9900 | €210,040 | €210,382 | +€343 | +0.2% |
| Operating profit (loss) | 9901 | €124,924 | €124,792 | -€132 | -0.1% |
| Financial income | 75/76B | €1 | €1 | +€0 | +9.1% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +9.1% |
| Financial charges | 65/66B | €44,164 | €35,455 | -€8,710 | -19.7% |
| Recurring financial charges | 65 | €44,164 | €35,455 | -€8,710 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | €80,760 | €89,337 | +€8,578 | +10.6% |
| Transfer from deferred taxes | 780 | €864 | €864 | = | 0.0% |
| Income taxes | 67/77 | €3,554 | €3,198 | -€356 | -10.0% |
| Profit (loss) for the period | 9904 | €78,070 | €87,003 | +€8,933 | +11.4% |
| Transfer from tax-exempt reserves | 789 | €2,591 | €2,591 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,660 | €89,594 | +€8,933 | +11.1% |
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 10 October 2026 via checked.be.