SCEP: 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.
SCEP
Largest movements
- Financial fixed assets +€218,790
up €218,790 (+115.5%), from €189,437 to €408,227
- Cash +€13,516
up €13,516 (+72.0%), from €18,778 to €32,294
mainly Debts after one year (+€218,290) and Net result for the year (+€49,777)
- Debts after one year +€218,290
up €218,290 (+128.0%), from €170,500 to €388,790
- Other debts +€8,400
up €8,400 (+23.0%), from €36,600 to €45,000
- Profit (loss) carried forward +€4,777
up €4,777 (+562.7%), from €849 to €5,626
- Gross operating margin +€23,397
up €23,397 (+49.1%), from €47,645 to €71,042
- Taxes +€5,291
up €5,291 (+40.4%), from €13,109 to €18,400
- Other operating charges +€1,075
up €1,075 (+277.8%), from €387 to €1,462
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 | €211,915 | €444,121 | +€232,206 | +109.6% |
| Fixed assets | 21/28 | €190,499 | €408,227 | +€217,728 | +114.3% |
| Tangible fixed assets | 22/27 | €1,062 | - | -€1,062 | |
| Furniture and vehicles | 24 | €1,062 | - | -€1,062 | |
| Financial fixed assets | 28 | €189,437 | €408,227 | +€218,790 | +115.5% |
| Current assets | 29/58 | €21,416 | €35,894 | +€14,478 | +67.6% |
| Amounts receivable within one year | 40/41 | €2,638 | €3,600 | +€962 | +36.5% |
| Other amounts receivable | 41 | €2,638 | €3,600 | +€962 | +36.5% |
| Cash at bank and in hand | 54/58 | €18,778 | €32,294 | +€13,516 | +72.0% |
| Total equity and liabilities | 10/49 | €211,915 | €444,121 | +€232,206 | +109.6% |
| Equity | 10/15 | €949 | €5,726 | +€4,777 | +503.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €849 | €5,626 | +€4,777 | +562.7% |
| Amounts payable | 17/49 | €210,966 | €438,395 | +€227,429 | +107.8% |
| Amounts payable after more than one year | 17 | €170,500 | €388,790 | +€218,290 | +128.0% |
| Other amounts payable | 178/9 | €170,500 | €388,790 | +€218,290 | +128.0% |
| Amounts payable within one year | 42/48 | €40,466 | €49,605 | +€9,139 | +22.6% |
| Trade debts | 44 | €50 | €317 | +€267 | +534.0% |
| Suppliers | 440/4 | €50 | €317 | +€267 | +534.0% |
| Taxes, remuneration and social security | 45 | €3,816 | €4,288 | +€472 | +12.4% |
| Taxes | 450/3 | €3,816 | €4,288 | +€472 | +12.4% |
| Other amounts payable | 47/48 | €36,600 | €45,000 | +€8,400 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117 | - | -€117 | |
| Other operating charges | 640/8 | €387 | €1,462 | +€1,075 | +277.8% |
| Gross operating margin | 9900 | €47,645 | €71,042 | +€23,397 | +49.1% |
| Operating profit (loss) | 9901 | €47,141 | €69,580 | +€22,439 | +47.6% |
| Financial charges | 65/66B | €1,402 | €1,403 | +€1 | +0.1% |
| Recurring financial charges | 65 | €1,402 | €1,403 | +€1 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €45,739 | €68,177 | +€22,438 | +49.1% |
| Income taxes | 67/77 | €13,109 | €18,400 | +€5,291 | +40.4% |
| Profit (loss) for the period | 9904 | €32,630 | €49,777 | +€17,147 | +52.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,630 | €49,777 | +€17,147 | +52.5% |
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.