SC-Finance: 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-Finance
Largest movements
- Cash +€30,524
up €30,524 (+49.0%), from €62,282 to €92,806
mainly Net result for the year (+€191,087) and Other debts (+€104,731)
- Receivables within one year -€15,138
down €15,138 (-22.5%), from €67,273 to €52,135
of which Other amounts receivable: -€60,138
- Tangible fixed assets -€12,225
down €12,225 (-4.2%), from €292,269 to €280,045
of which Land and buildings: -€10,500
- Current investments +€11,858
up €11,858 (+132%), from €9,002 to €20,860
- Receivables after one year -€7,062
down €7,062 (-10.0%), from €70,448 to €63,386
- Other debts +€104,731
up €104,731 (+105%), from €100,000 to €204,731
- Reserves -€100,550
down €100,550 (-75.9%), from €132,405 to €31,855
- Tax, wage and social debts +€19,913
up €19,913 (+114%), from €17,533 to €37,446
- Debts after one year -€12,521
down €12,521 (-5.8%), from €216,595 to €204,075
- Gross operating margin -€88,071
down €88,071 (-23.8%), from €369,398 to €281,327
- Depreciation -€46,025
down €46,025 (-76.0%), from €60,533 to €14,508
- Taxes -€5,248
down €5,248 (-7.4%), from €70,799 to €65,552
- Financial income -€3,750
down €3,750 (-56.3%), from €6,664 to €2,914
of which Non-recurring financial income: -€3,987
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 | €501,275 | €509,232 | +€7,957 | +1.6% |
| Fixed assets | 21/28 | €292,269 | €280,045 | -€12,225 | -4.2% |
| Tangible fixed assets | 22/27 | €292,269 | €280,045 | -€12,225 | -4.2% |
| Land and buildings | 22 | €288,498 | €277,998 | -€10,500 | -3.6% |
| Furniture and vehicles | 24 | €3,771 | €2,047 | -€1,725 | -45.7% |
| Current assets | 29/58 | €209,005 | €229,187 | +€20,182 | +9.7% |
| Amounts receivable after more than one year | 29 | €70,448 | €63,386 | -€7,062 | -10.0% |
| Other amounts receivable | 291 | €70,448 | €63,386 | -€7,062 | -10.0% |
| Amounts receivable within one year | 40/41 | €67,273 | €52,135 | -€15,138 | -22.5% |
| Trade receivables | 40 | - | €45,000 | +€45,000 | |
| Other amounts receivable | 41 | €67,273 | €7,135 | -€60,138 | -89.4% |
| Current investments | 50/53 | €9,002 | €20,860 | +€11,858 | +132% |
| Cash at bank and in hand | 54/58 | €62,282 | €92,806 | +€30,524 | +49.0% |
| Total equity and liabilities | 10/49 | €501,275 | €509,232 | +€7,957 | +1.6% |
| Equity | 10/15 | €150,955 | €50,405 | -€100,550 | -66.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €132,405 | €31,855 | -€100,550 | -75.9% |
| Distributable reserves | 133 | €132,405 | €31,855 | -€100,550 | -75.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €350,320 | €458,827 | +€108,507 | +31.0% |
| Amounts payable after more than one year | 17 | €216,595 | €204,075 | -€12,521 | -5.8% |
| Financial debts | 170/4 | €216,595 | €204,075 | -€12,521 | -5.8% |
| Amounts payable within one year | 42/48 | €133,724 | €254,752 | +€121,028 | +90.5% |
| Current portion of amounts payable after more than one year | 42 | €16,140 | €12,521 | -€3,619 | -22.4% |
| Trade debts | 44 | €51 | €55 | +€4 | +7.1% |
| Suppliers | 440/4 | €51 | €55 | +€4 | +7.1% |
| Taxes, remuneration and social security | 45 | €17,533 | €37,446 | +€19,913 | +114% |
| Taxes | 450/3 | €17,533 | €37,446 | +€19,913 | +114% |
| Other amounts payable | 47/48 | €100,000 | €204,731 | +€104,731 | +105% |
| Non-recurring operating income | 76A | €4,525 | €0 | -€4,525 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,533 | €14,508 | -€46,025 | -76.0% |
| Other operating charges | 640/8 | €3,311 | €2,838 | -€473 | -14.3% |
| Gross operating margin | 9900 | €369,398 | €281,327 | -€88,071 | -23.8% |
| Operating profit (loss) | 9901 | €305,554 | €263,981 | -€41,573 | -13.6% |
| Financial income | 75/76B | €6,664 | €2,914 | -€3,750 | -56.3% |
| Recurring financial income | 75 | €2,678 | €2,914 | +€236 | +8.8% |
| Non-recurring financial income | 76B | €3,987 | €0 | -€3,987 | -100% |
| Financial charges | 65/66B | €10,869 | €10,257 | -€612 | -5.6% |
| Recurring financial charges | 65 | €10,869 | €10,257 | -€612 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €301,349 | €256,638 | -€44,711 | -14.8% |
| Income taxes | 67/77 | €70,799 | €65,552 | -€5,248 | -7.4% |
| Profit (loss) for the period | 9904 | €230,550 | €191,087 | -€39,463 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €230,550 | €191,087 | -€39,463 | -17.1% |
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 24 October 2026 via checked.be.