SC 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.
SC CONCEPT
Largest movements
- Financial fixed assets +€85,000
new in 2025: €85,000
- Cash -€36,526
down €36,526 (-52.4%), from €69,742 to €33,216
mainly Investment in fixed assets (net) (-€76,492) and Other debts (-€32,000)
- Tangible fixed assets -€9,277
down €9,277 (-63.4%), from €14,641 to €5,364
of which Furniture and vehicles: -€6,247
- Deferred charges and accrued income -€8,359
down €8,359 (-73.4%), from €11,385 to €3,027
- Receivables within one year -€6,197
down €6,197 (-12.1%), from €51,338 to €45,140
of which Other amounts receivable: -€32,064
- Other debts -€32,000
no longer reported in 2025 (was €32,000)
- Advances received +€28,114
new in 2025: €28,114
- Reserves +€23,000
up €23,000 (+28.8%), from €79,860 to €102,860
of which Distributable reserves: +€23,000
- Gross operating margin +€11,336
up €11,336 (+17.0%), from €66,639 to €77,975
- Depreciation -€5,011
down €5,011 (-73.4%), from €6,829 to €1,818
- Taxes +€4,811
up €4,811 (+67.9%), from €7,083 to €11,894
- Financial charges -€1,975
down €1,975 (-72.1%), from €2,740 to €765
- Other operating charges -€1,534
down €1,534 (-66.8%), from €2,297 to €763
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 | €153,709 | €173,501 | +€19,792 | +12.9% |
| Fixed assets | 21/28 | €17,444 | €92,117 | +€74,673 | +428.1% |
| Intangible fixed assets | 21 | €2,803 | €1,753 | -€1,050 | -37.5% |
| Tangible fixed assets | 22/27 | €14,641 | €5,364 | -€9,277 | -63.4% |
| Plant, machinery and equipment | 23 | €3,029 | - | -€3,029 | |
| Furniture and vehicles | 24 | €11,612 | €5,364 | -€6,247 | -53.8% |
| Financial fixed assets | 28 | - | €85,000 | +€85,000 | |
| Current assets | 29/58 | €136,265 | €81,383 | -€54,882 | -40.3% |
| Stocks and contracts in progress | 3 | €3,800 | - | -€3,800 | |
| Stocks | 30/36 | €3,800 | - | -€3,800 | |
| Amounts receivable within one year | 40/41 | €51,338 | €45,140 | -€6,197 | -12.1% |
| Trade receivables | 40 | €16,123 | €41,989 | +€25,866 | +160.4% |
| Other amounts receivable | 41 | €35,215 | €3,151 | -€32,064 | -91.1% |
| Cash at bank and in hand | 54/58 | €69,742 | €33,216 | -€36,526 | -52.4% |
| Deferred charges and accrued income | 490/1 | €11,385 | €3,027 | -€8,359 | -73.4% |
| Total equity and liabilities | 10/49 | €153,709 | €173,501 | +€19,792 | +12.9% |
| Equity | 10/15 | €99,533 | €123,454 | +€23,921 | +24.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,860 | €102,860 | +€23,000 | +28.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €78,000 | €101,000 | +€23,000 | +29.5% |
| Profit (loss) carried forward | 14 | €1,073 | €1,994 | +€921 | +85.9% |
| Amounts payable | 17/49 | €54,176 | €50,046 | -€4,130 | -7.6% |
| Amounts payable within one year | 42/48 | €54,176 | €50,046 | -€4,130 | -7.6% |
| Trade debts | 44 | €7,553 | €8,392 | +€839 | +11.1% |
| Suppliers | 440/4 | €7,553 | €8,392 | +€839 | +11.1% |
| Advances received on contracts in progress | 46 | - | €28,114 | +€28,114 | |
| Taxes, remuneration and social security | 45 | €14,623 | €13,540 | -€1,083 | -7.4% |
| Taxes | 450/3 | €8,854 | €4,362 | -€4,492 | -50.7% |
| Remuneration and social security | 454/9 | €5,769 | €9,178 | +€3,409 | +59.1% |
| Other amounts payable | 47/48 | €32,000 | - | -€32,000 | |
| Non-recurring operating income | 76A | €1,000 | €48,050 | +€47,050 | +4705.0% |
| Remuneration, social security and pensions | 62 | €32,174 | €33,672 | +€1,497 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,829 | €1,818 | -€5,011 | -73.4% |
| Other operating charges | 640/8 | €2,297 | €763 | -€1,534 | -66.8% |
| Non-recurring operating charges | 66A | €944 | €5,859 | +€4,915 | +520.8% |
| Gross operating margin | 9900 | €66,639 | €77,975 | +€11,336 | +17.0% |
| Operating profit (loss) | 9901 | €24,395 | €35,863 | +€11,468 | +47.0% |
| Financial income | 75/76B | €2,036 | €717 | -€1,319 | -64.8% |
| Recurring financial income | 75 | €2,036 | €717 | -€1,319 | -64.8% |
| Financial charges | 65/66B | €2,740 | €765 | -€1,975 | -72.1% |
| Recurring financial charges | 65 | €2,740 | €765 | -€1,975 | -72.1% |
| Profit (loss) for the period before taxes | 9903 | €23,691 | €35,815 | +€12,124 | +51.2% |
| Income taxes | 67/77 | €7,083 | €11,894 | +€4,811 | +67.9% |
| Profit (loss) for the period | 9904 | €16,608 | €23,921 | +€7,313 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,608 | €23,921 | +€7,313 | +44.0% |
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 12 October 2026 via checked.be.