SC42: 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.
SC42
Largest movements
- Current investments -€52,495
down €52,495 (-69.9%), from €75,050 to €22,555
- Cash +€38,481
up €38,481 (+24.6%), from €156,292 to €194,773
mainly Net result for the year (+€53,890) and Current investments (+€52,495)
- Tangible fixed assets +€28,148
up €28,148 (+140%), from €20,064 to €48,212
of which Furniture and vehicles: +€29,028
- Stocks and contracts +€13,300
new in 2025: €13,300
- Receivables within one year -€11,726
down €11,726 (-62.4%), from €18,805 to €7,080
of which Trade receivables: -€14,250
- Reserves +€16,057
up €16,057 (+6.4%), from €252,521 to €268,577
- Gross operating margin -€6,520
down €6,520 (-8.0%), from €81,590 to €75,070
- Financial income +€3,504
up €3,504 (+78.0%), from €4,492 to €7,996
of which Financial income: +€3,792
- Financial charges -€1,594
down €1,594 (-60.6%), from €2,631 to €1,037
- Depreciation +€890
up €890 (+21.2%), from €4,193 to €5,084
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 | €280,307 | €296,449 | +€16,142 | +5.8% |
| Fixed assets | 21/28 | €20,064 | €48,212 | +€28,148 | +140% |
| Tangible fixed assets | 22/27 | €20,064 | €48,212 | +€28,148 | +140% |
| Land and buildings | 22 | €2,482 | €1,861 | -€620 | -25.0% |
| Plant, machinery and equipment | 23 | €260 | - | -€260 | |
| Furniture and vehicles | 24 | €17,323 | €46,350 | +€29,028 | +168% |
| Current assets | 29/58 | €260,243 | €248,237 | -€12,005 | -4.6% |
| Amounts receivable after more than one year | 29 | €10,000 | €7,000 | -€3,000 | -30.0% |
| Trade receivables | 290 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 291 | €10,000 | - | -€10,000 | |
| Stocks and contracts in progress | 3 | - | €13,300 | +€13,300 | |
| Contracts in progress | 37 | - | €13,300 | +€13,300 | |
| Amounts receivable within one year | 40/41 | €18,805 | €7,080 | -€11,726 | -62.4% |
| Trade receivables | 40 | €14,250 | - | -€14,250 | |
| Other amounts receivable | 41 | €4,555 | €7,080 | +€2,524 | +55.4% |
| Current investments | 50/53 | €75,050 | €22,555 | -€52,495 | -69.9% |
| Cash at bank and in hand | 54/58 | €156,292 | €194,773 | +€38,481 | +24.6% |
| Deferred charges and accrued income | 490/1 | €96 | €3,530 | +€3,434 | +3,589% |
| Total equity and liabilities | 10/49 | €280,307 | €296,449 | +€16,142 | +5.8% |
| Equity | 10/15 | €258,721 | €274,777 | +€16,057 | +6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €252,521 | €268,577 | +€16,057 | +6.4% |
| Distributable reserves | 133 | €252,521 | €268,577 | +€16,057 | +6.4% |
| Amounts payable | 17/49 | €21,586 | €21,672 | +€86 | +0.4% |
| Amounts payable within one year | 42/48 | €21,544 | €20,672 | -€872 | -4.0% |
| Trade debts | 44 | €192 | €242 | +€50 | +26.1% |
| Suppliers | 440/4 | €192 | €242 | +€50 | +26.1% |
| Taxes, remuneration and social security | 45 | €16,855 | €17,867 | +€1,011 | +6.0% |
| Taxes | 450/3 | €16,855 | €17,867 | +€1,011 | +6.0% |
| Other amounts payable | 47/48 | €4,496 | €2,563 | -€1,933 | -43.0% |
| Accrued charges and deferred income | 492/3 | €42 | €1,000 | +€958 | +2,258% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,193 | €5,084 | +€890 | +21.2% |
| Other operating charges | 640/8 | €921 | €821 | -€100 | -10.9% |
| Gross operating margin | 9900 | €81,590 | €75,070 | -€6,520 | -8.0% |
| Operating profit (loss) | 9901 | €76,476 | €69,166 | -€7,310 | -9.6% |
| Financial income | 75/76B | €4,492 | €7,996 | +€3,504 | +78.0% |
| Recurring financial income | 75 | €539 | €4,331 | +€3,792 | +704% |
| Non-recurring financial income | 76B | €3,953 | €3,665 | -€288 | -7.3% |
| Financial charges | 65/66B | €2,631 | €1,037 | -€1,594 | -60.6% |
| Recurring financial charges | 65 | €2,631 | €1,037 | -€1,594 | -60.6% |
| Profit (loss) for the period before taxes | 9903 | €78,337 | €76,125 | -€2,212 | -2.8% |
| Income taxes | 67/77 | €22,562 | €22,235 | -€326 | -1.4% |
| Profit (loss) for the period | 9904 | €55,776 | €53,890 | -€1,886 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,776 | €53,890 | -€1,886 | -3.4% |
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 16 October 2026 via checked.be.