SC Squared: what changed
Two fiscal 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 Squared
Largest movements
- Current investments +€24,999
new in 2025: €24,999
- Cash +€8,217
up €8,217 (+7.7%), from €106,024 to €114,241
mainly Net result for the year (+€26,610) and Tax, wage and social debts (+€9,831)
- Reserves +€24,944
up €24,944 (+19.7%), from €126,409 to €151,353
- Tax, wage and social debts +€9,831
up €9,831 (+139.9%), from €7,027 to €16,858
of which Taxes: +€7,647
- Gross operating margin -€35,075
down €35,075 (-48.3%), from €72,654 to €37,579
- Taxes -€7,011
down €7,011 (-49.3%), from €14,232 to €7,221
- Financial charges +€828
up €828 (+43.6%), from €1,899 to €2,727
- Financial income +€743
new in 2025: €743
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 | €139,972 | €174,980 | +€35,009 | +25.0% |
| Fixed assets | 21/28 | €4,172 | €4,424 | +€252 | +6.0% |
| Tangible fixed assets | 22/27 | €4,172 | €4,424 | +€252 | +6.0% |
| Plant, machinery and equipment | 23 | €4,172 | €4,424 | +€252 | +6.0% |
| Current assets | 29/58 | €135,800 | €170,557 | +€34,756 | +25.6% |
| Amounts receivable within one year | 40/41 | €29,427 | €30,473 | +€1,046 | +3.6% |
| Trade receivables | 40 | €17,155 | €18,205 | +€1,050 | +6.1% |
| Other amounts receivable | 41 | €12,272 | €12,268 | -€4 | 0.0% |
| Current investments | 50/53 | - | €24,999 | +€24,999 | |
| Cash at bank and in hand | 54/58 | €106,024 | €114,241 | +€8,217 | +7.7% |
| Deferred charges and accrued income | 490/1 | €349 | €843 | +€494 | +141.4% |
| Total equity and liabilities | 10/49 | €139,972 | €174,980 | +€35,009 | +25.0% |
| Equity | 10/15 | €129,409 | €154,353 | +€24,944 | +19.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €126,409 | €151,353 | +€24,944 | +19.7% |
| Distributable reserves | 133 | €126,409 | €151,353 | +€24,944 | +19.7% |
| Amounts payable | 17/49 | €10,562 | €20,627 | +€10,065 | +95.3% |
| Amounts payable within one year | 42/48 | €10,562 | €20,627 | +€10,065 | +95.3% |
| Trade debts | 44 | €1,252 | €1,279 | +€27 | +2.2% |
| Suppliers | 440/4 | €1,252 | €1,279 | +€27 | +2.2% |
| Taxes, remuneration and social security | 45 | €7,027 | €16,858 | +€9,831 | +139.9% |
| Taxes | 450/3 | €3,461 | €11,108 | +€7,647 | +221.0% |
| Remuneration and social security | 454/9 | €3,566 | €5,750 | +€2,184 | +61.3% |
| Other amounts payable | 47/48 | €2,284 | €2,491 | +€207 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,238 | €1,644 | +€407 | +32.9% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €72,654 | €37,579 | -€35,075 | -48.3% |
| Operating profit (loss) | 9901 | €71,298 | €35,814 | -€35,484 | -49.8% |
| Financial income | 75/76B | - | €743 | +€743 | |
| Recurring financial income | 75 | - | €743 | +€743 | |
| Financial charges | 65/66B | €1,899 | €2,727 | +€828 | +43.6% |
| Recurring financial charges | 65 | €1,899 | €2,727 | +€828 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €69,399 | €33,830 | -€35,568 | -51.3% |
| Income taxes | 67/77 | €14,232 | €7,221 | -€7,011 | -49.3% |
| Profit (loss) for the period | 9904 | €55,167 | €26,610 | -€28,557 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,167 | €26,610 | -€28,557 | -51.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.