SC CONCEPTS: what changed
SC CONCEPTS
Largest movements
- Current investments -€335,000
down €335,000 (-100%), from €335,000 to €0
- Financial fixed assets -€56,594
down €56,594 (-10.6%), from €533,101 to €476,507
- Tangible fixed assets +€39,906
up €39,906 (+194%), from €20,529 to €60,435
- Cash +€15,922
up €15,922 (+32.2%), from €49,465 to €65,386
mainly Current investments (+€335,000) and Net result for the year (+€99,373)
- Reserves -€245,915
down €245,915 (-71.2%), from €345,288 to €99,373
- Other debts -€113,475
down €113,475 (-17.4%), from €653,648 to €540,172
- Debts after one year +€21,209
up €21,209 (+655%), from €3,239 to €24,448
- Financial income -€242,143
down €242,143 (-79.1%), from €306,287 to €64,144
- Gross operating margin +€14,596
up €14,596 (+25.2%), from €57,845 to €72,441
- Taxes +€5,740
up €5,740 (+47.2%), from €12,160 to €17,900
- Depreciation +€966
up €966 (+6.4%), from €15,002 to €15,968
- Financial charges +€819
up €819 (+199%), from €411 to €1,229
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 | €1,101,346 | €765,700 | -€335,646 | -30.5% |
| Fixed assets | 21/28 | €553,630 | €536,942 | -€16,688 | -3.0% |
| Tangible fixed assets | 22/27 | €20,529 | €60,435 | +€39,906 | +194% |
| Furniture and vehicles | 24 | €20,529 | €60,435 | +€39,906 | +194% |
| Financial fixed assets | 28 | €533,101 | €476,507 | -€56,594 | -10.6% |
| Current assets | 29/58 | €547,717 | €228,758 | -€318,958 | -58.2% |
| Amounts receivable within one year | 40/41 | €163,000 | €163,000 | = | 0.0% |
| Other amounts receivable | 41 | €163,000 | €163,000 | = | 0.0% |
| Current investments | 50/53 | €335,000 | €0 | -€335,000 | -100% |
| Cash at bank and in hand | 54/58 | €49,465 | €65,386 | +€15,922 | +32.2% |
| Deferred charges and accrued income | 490/1 | €252 | €372 | +€120 | +47.6% |
| Total equity and liabilities | 10/49 | €1,101,346 | €765,700 | -€335,646 | -30.5% |
| Equity | 10/15 | €408,388 | €162,473 | -€245,915 | -60.2% |
| Contributions | 10/11 | €63,100 | €63,100 | = | 0.0% |
| Reserves | 13 | €345,288 | €99,373 | -€245,915 | -71.2% |
| Distributable reserves | 133 | €345,288 | €99,373 | -€245,915 | -71.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €692,958 | €603,227 | -€89,731 | -12.9% |
| Amounts payable after more than one year | 17 | €3,239 | €24,448 | +€21,209 | +655% |
| Financial debts | 170/4 | €3,239 | €24,448 | +€21,209 | +655% |
| Amounts payable within one year | 42/48 | €689,329 | €572,221 | -€117,108 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €12,811 | €13,490 | +€678 | +5.3% |
| Trade debts | 44 | €192 | €0 | -€192 | -100% |
| Suppliers | 440/4 | €192 | €0 | -€192 | -100% |
| Taxes, remuneration and social security | 45 | €22,678 | €18,559 | -€4,119 | -18.2% |
| Taxes | 450/3 | €22,678 | €18,559 | -€4,119 | -18.2% |
| Other amounts payable | 47/48 | €653,648 | €540,172 | -€113,475 | -17.4% |
| Accrued charges and deferred income | 492/3 | €390 | €6,558 | +€6,168 | +1,581% |
| Non-recurring operating income | 76A | €21,488 | €6,816 | -€14,671 | -68.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,002 | €15,968 | +€966 | +6.4% |
| Other operating charges | 640/8 | €1,984 | €2,115 | +€130 | +6.6% |
| Gross operating margin | 9900 | €57,845 | €72,441 | +€14,596 | +25.2% |
| Operating profit (loss) | 9901 | €40,859 | €54,359 | +€13,499 | +33.0% |
| Financial income | 75/76B | €306,287 | €64,144 | -€242,143 | -79.1% |
| Recurring financial income | 75 | €306,287 | €64,144 | -€242,143 | -79.1% |
| Financial charges | 65/66B | €411 | €1,229 | +€819 | +199% |
| Recurring financial charges | 65 | €411 | €1,229 | +€819 | +199% |
| Profit (loss) for the period before taxes | 9903 | €346,735 | €117,273 | -€229,462 | -66.2% |
| Income taxes | 67/77 | €12,160 | €17,900 | +€5,740 | +47.2% |
| Profit (loss) for the period | 9904 | €334,575 | €99,373 | -€235,202 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €334,575 | €99,373 | -€235,202 | -70.3% |
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 1 November 2026 via checked.be.