SC-EUROREAL: what changed
What changed
SC-EUROREAL
filed annual accounts (NBB)
Net result for the year
€108,636
2024 · €85,331+€23,305
Equity
€327,244
2024 · €318,608+€8,636
Cash
€57,466
2024 · -+€57,466
Balance sheet total
€703,882
2024 · €694,103+€9,779
Largest movements
Assets
- Cash +€57,466
new in 2025: €57,466
mainly Net result for the year (+€108,636) and Tax, wage and social debts (+€69,601)
- Tangible fixed assets -€27,500
down €27,500 (-4.2%), from €653,730 to €626,230
- Receivables within one year -€20,186
down €20,186 (-50.0%), from €40,372 to €20,186
Equity and liabilities
- Debts after one year -€85,724
down €85,724 (-56.0%), from €153,016 to €67,292
- Tax, wage and social debts +€69,601
up €69,601 (+200%), from €34,761 to €104,362
- Current portion of long-term debt +€64,476
new in 2025: €64,476
- Other debts -€33,519
down €33,519 (-24.8%), from €135,322 to €101,803
- Trade debts -€13,690
down €13,690 (-92.5%), from €14,796 to €1,106
Income statement
- Gross operating margin +€17,707
up €17,707 (+10.1%), from €174,602 to €192,309
- Financial charges -€3,308
down €3,308 (-38.6%), from €8,574 to €5,266
- Taxes -€2,630
down €2,630 (-6.2%), from €42,231 to €39,601
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.
Result 2024
€85,331
Gross operating margin
+€17,707
Depreciation
-€0
Other operating charges
-€340
Financial charges
+€3,308
Taxes
+€2,630
Result 2025
€108,636
raises the resultlowers the result
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.
From operations
+€178,714
Investment
€0
Financing
-€121,248
Cash 2024
€0
From operations (derived)
+€178,714
Net result for the year
+€108,636
Depreciation
+€27,500
Receivables within one year
+€20,186
Trade debts
-€13,690
Tax, wage and social debts
+€69,601
Other debts
-€33,519
Financing
-€121,248
Debts after one year
-€85,724
Current portion of long-term debt
+€64,476
Contributions, distributions and other
-€100,000
Cash 2025
€57,466
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €694,103 | €703,882 | +€9,779 | +1.4% |
| Fixed assets | 21/28 | €653,730 | €626,230 | -€27,500 | -4.2% |
| Tangible fixed assets | 22/27 | €653,730 | €626,230 | -€27,500 | -4.2% |
| Land and buildings | 22 | €653,730 | €626,230 | -€27,500 | -4.2% |
| Current assets | 29/58 | €40,372 | €77,652 | +€37,279 | +92.3% |
| Amounts receivable within one year | 40/41 | €40,372 | €20,186 | -€20,186 | -50.0% |
| Other amounts receivable | 41 | €40,372 | €20,186 | -€20,186 | -50.0% |
| Cash at bank and in hand | 54/58 | - | €57,466 | +€57,466 | |
| Total equity and liabilities | 10/49 | €694,103 | €703,882 | +€9,779 | +1.4% |
| Equity | 10/15 | €318,608 | €327,244 | +€8,636 | +2.7% |
| Contributions | 10/11 | €136,825 | €136,825 | = | 0.0% |
| Capital | 10 | €136,825 | €136,825 | = | 0.0% |
| Issued capital | 100 | €136,825 | €136,825 | = | 0.0% |
| Reserves | 13 | €13,683 | €13,683 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,683 | €13,683 | = | 0.0% |
| Legal reserve | 130 | €13,683 | €13,683 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,101 | €176,737 | +€8,636 | +5.1% |
| Provisions and deferred taxes | 16 | €33,600 | €33,600 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,600 | €33,600 | = | 0.0% |
| Other liabilities and charges | 164/5 | €33,600 | €33,600 | = | 0.0% |
| Amounts payable | 17/49 | €341,894 | €343,038 | +€1,144 | +0.3% |
| Amounts payable after more than one year | 17 | €153,016 | €67,292 | -€85,724 | -56.0% |
| Financial debts | 170/4 | €153,016 | €67,292 | -€85,724 | -56.0% |
| Amounts payable within one year | 42/48 | €184,878 | €271,746 | +€86,868 | +47.0% |
| Current portion of amounts payable after more than one year | 42 | - | €64,476 | +€64,476 | |
| Trade debts | 44 | €14,796 | €1,106 | -€13,690 | -92.5% |
| Suppliers | 440/4 | €14,796 | €1,106 | -€13,690 | -92.5% |
| Taxes, remuneration and social security | 45 | €34,761 | €104,362 | +€69,601 | +200% |
| Taxes | 450/3 | €34,761 | €104,362 | +€69,601 | +200% |
| Other amounts payable | 47/48 | €135,322 | €101,803 | -€33,519 | -24.8% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €13,544 | +€13,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,500 | €27,500 | +€0 | 0.0% |
| Other operating charges | 640/8 | €10,966 | €11,306 | +€340 | +3.1% |
| Gross operating margin | 9900 | €174,602 | €192,309 | +€17,707 | +10.1% |
| Operating profit (loss) | 9901 | €136,136 | €153,503 | +€17,367 | +12.8% |
| Financial charges | 65/66B | €8,574 | €5,266 | -€3,308 | -38.6% |
| Recurring financial charges | 65 | €8,574 | €5,266 | -€3,308 | -38.6% |
| Profit (loss) for the period before taxes | 9903 | €127,562 | €148,237 | +€20,675 | +16.2% |
| Income taxes | 67/77 | €42,231 | €39,601 | -€2,630 | -6.2% |
| Profit (loss) for the period | 9904 | €85,331 | €108,636 | +€23,305 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €85,331 | €108,636 | +€23,305 | +27.3% |
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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 7 November 2026 via checked.be.